Rishi Basnayake
@Rishi_BM
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Banker. Views are entirely personal. RTs are not endorsements
Colombo, Sri Lanka
Joined November 2012
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Kalindu has definitely done his homework well and nicely moderated the program. No abrupt interruptions but waited patiently to ask spot on question that left AKD completely exposed.
Rare sight of good journalism! 👏
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The silent majority will speak up today!
A 🗳️ for Ranil is a vote for a better tomorrow!
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One idiot in the queue who yelled රට අනුරට out loud for like the 10th time pretending to be having a conversation with mother, got scolded from the policeman and others around him 😂😂
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“One thing is certain: at the end of the day, I will not flee. I will not be swayed by praise or blame. I will, as I always have, remain standing.
-Ranil Wickremesinghe”
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The level of bureaucracy and power exercised by trade unions! The chockehold placed by these TUs on SOEs & in turn on the country and people needs to be rid of!
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To paraphrase Late Mangala Samaraweera, “History will remember Ranil Wickremesinghe as best President Sri Lanka never had”
Everyone who gave their best to make that a reality can walk with nothing but pride.
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Spot on! Important message for everyone, let alone GenZs.
🗳️ for your future! Vote
@RW_SRILANKA
!
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“A lone elephant has a lot of strength and they don’t get caught into crawls” - Ranil Wickramasinghe
The Grand Master… The OG! 🙂
@RW_SRILANKA
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Based on the reaction to Sanath Nishantha’s death it’s evident that Sri Lankan voters prefer to have more faith in Karma than Rule of Law or Checks and Balances
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India said it, Japanese did, IMF says it, US says it. Hell even ask Harsha DS behind close doors he’ll say it too 😜 Everyone is awe-inspired by the remarkable story of resilience and bounce back by SL, guided by the best crisis manager
@RW_UNP
and team!
Except the JVPrs and
United States Assistant Secretary of State for South & Central Asian Affairs, Donald Lu, describes Sri Lanka's economic recovery as the greatest comeback story.
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Poorly chosen hashtag in the context of recent events I think 😅
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I fully agree with Harsha here…
උපාධිධාරීන්ට රැකියා දියව්... "කොහෙද ය-කෝ දෙන්නෙ?"
The Police advised a group of people who were protesting in Fort today to withdraw or they will be dispersed “legally”.
The protesters sought a meeting with the President and said that they were prepared to be attacked by the Police with tear gas and water.
A senior Police
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Ranil leaves a legacy of steering Sri Lankan economy out of bankruptcy & on to a solid foundation. Ranilit’s, although ambitious abt a win, can hold their head high for backing that change against all odds 👏
Meanwhile SP leaves a proud legacy of distributing busses & memes 👍😂
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Last night during a cousins meet up was able to successfully turn 3 NPP votes back to floating votes by breaking their main argument (among other things) that JVP will repatriate stolen funds held outside SL, ergo they’ll be able to develop the country. A weekend well spent! 🙂
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We have zero room to experiment. We just have to build on what we did. Sri Lankan elections… I know the politicians unfortunately are demigods. They all play to the gallery. So let’s hope what utterances they’re making is not what they do - Murtaza Jafferjee
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Everyone needs to pay their taxes. FUTA is not an exception. If they try to take education system hostage you need to speak to them in the language they’d understand!
“Those who marked papers last time should be available now. If not, I will prosecute them & take their property also”
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When PAYE tax revision was introduced in 2022 in line with IMF agreement,we knew the difficulties it’s gonna cause & provisions were included to ensure periodic revisions to it as we go.
ඔකනේ ප්රශ්නෙ, මේ මිනිස්සු ගිවිසුම කියවල නැහනෙ - RW 😄
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Q; You've been described as the old guard & the other 2 in their mid 50s. When u started fixing things last year, did u intend to pass the torch or see the job done.
A: I thought the other 2 guys are not energetic enough. They're still far behind me 😄. Full answer👇
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What is NPP and SJB going to do now?
🚨NEWS ALERT:
Sri Lanka has reached agreements with external commercial creditors to restructure approximately USD 17.5bn of external debt, achieving a 40.3% Net Present Value (NPV) concession. This provides significant debt relief & reduces interest payments, strengthening the
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This statement by NPP economic council member Sunil Hadunneththi nicely sums up their view on FDIs.
ඊලොන් මස්ක් වැනි කුප්රකට ආර්ථික ගාතකයන්.... 🤦♂️🤦♂️🤦♂️
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Funniest part about AKD’s entire plan to provide tax & other relief (which require <200B) is to spend the incremental revenue generated by the tax reforms and GDP growth brought in by Ranil.
Why do we need AKD for? 😂🤦♂️
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Ranil is often intentionally mis-labeled as a cold-hearted politician. But in fact it’s those who resorted to political hedging OAO peoples’ suffering that lacks empathy.
Measures he has put in place in last 2 years to avoid a repeat of ‘22 worth more than a river of fake tears!
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Lesson no 1 for politicians is not to lose their temper. Harin lost that battle.
But what’s with Chamidutha taunting HF multiple times asking “ඇයි ගහගන්නද?" to an invitee MP in his program? He went with the motive to get a physical reaction from Harin
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I don’t want my tax money and to be mis-allocated/managed on building memorials! Where’s the fiscal prudence?
President Ranil allocates LKR 25 million to build Ashraf Memorial Museum in Kalmunai
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What
@RW_SRILANKA
achieved the last 2 years is huge! Even on the verge of an election he didn’t leave debt restructuring unfinished. With that out the way, if
@anuradisanayake
as the new president don’t make unnecessary deviations, ratings should improve in coming months.
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SL achieves a 4.7% GDP growth in Q2 2024! 4th consecutive positive growth after 6 negative quarters.
GDP is very likely to perform way over and above the IMF target of 2% this year.
We must vote wisely on 21 Sep to continue this growth momentum.
I.e 🗳️ Vote Ranil!
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What a joke is this? 🤦♂️
SLPP MP Rohitha Abegunawardhana elected as the Chairman of the Parliament Committee on Public Enterprises (COPE)
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I have strong confidence that RW is going to steer SL out of the prevailing economic crisis.
Do I have concerns about certain matters? Absolutely yes! But am I realist and able to see the bigger picture? Also yes!
President Ranil Wickremesinghe today met Japanese Prime Minister Fumio Kishida in Tokyo. The Prime Minister of Japan warmly received President Wickremesinghe, and bilateral talks commenced after a friendly conversation between the two leaders.
President Ranil Wickremesinghe
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Lal Kantha confirms that JVP tried to destroy the democratic institutions in SL and reduce the country to an anarchic state! NPP sycophants kept calling it a lie but now you can hear it from the horses mouth itself! Those who think JVP is going to bring law and order to SL need’s
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File a FR petition and take action or name the ministers in parliament, rather than making useless statements in incognito mode.
MP Patali Champika Ranawaka revealed that ten businessmen, associated with both former and current ministers, have defaulted on loan repayments totaling Rs. 650 billion. The richest businessmen in the country were exempted from paying taxes amounting to some Rs. 1 trillion, he
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Anyone who bring ISUF / FSP reps to the discussion table in the name of “getting views” from
#aragalaya
naturally lose my respect. ISUF / FSP view is NOT public opinion! One should have guts to call a spade a spade!
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This further validates my confidence in voting for RW! 👏
Presidential Election: SLPP decides to field its own candidate
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Something I stumbled upon on FB. Pleasantly surprised to see the amount of regard foreign nationals have on Sri Lankans’ friendliness and hospitality 🇱🇰❤️
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So JVP had plans in 2019 to transform gas cookers back to wood fire stoves? Very forward thinking 😄🤦♂️
බලශක්ති අර්බුදයට පිළියමක් ලෙස ගෘහණියන් විදුලි උදුන් සහ ගෑස් භාවිතයෙන් හැකිතාක් ඉවත් කොට දර භාවිතයෙන් ඉවුම් පිහුම් කිරීම සඳහා යොමුකල යුතු බව ජාතික ජනබල්වේගය සිය ප්රතිපත්ති ප්රකාශයේ සඳහන් කොට ඇත. (2/3)
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Sajith Premadasa’s speech at EC was short, to the point and without blame.
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Call him whatever you want but HDS is no different that the rest of the SJB…
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August results of
@ihplk
SLOTS survey👇. RW shows a rapid gain while all other candidates are on a downward trajectory.
Seems like the majority of previously undecided voter base is thinning & it’s clear they’re leaning towards
@RW_SRILANKA
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An estimated 80 mil is in poverty in India.
What if Indians forced their govt in 2022 to stop assistance to SL until each of their citizens are out of poverty.
වයසට යනකොට මොලේ ට්රැක් යනවා කියන එක ඇහුවට දැක්කේ අද? රනිල් ගසා තීරේ ළමයින්ට අරමුදල් හදන්න කලින් ලංකාවේ ළමයින්ගේ වේල් තුන කන්න පුළුවන් විදියට වැඩක් කරාද? බිත්තරයක් අඩුවට ගන්න තියෙන්නේ කොහෙද? ඉස්කෝලේ ළමයින්ගේ සපත්තු දෙකේ ඉදන් බෑග්, පොත්, පැන්සල් එකට බදු? කාවද බන් මේ රවට්ටන්නේ
#lka
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Spot on response from
@RW_SRILANKA
!
The president must have the ability to work with anyone, instead of only with a specific team.
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Please note. We don’t have an economic policy. I repeat. WE DO NOT HAVE AN ECONOMIC POLICY!
Sunil Hadunetti has alerted the public about a fake document circulating on social media, falsely claiming to be the NPP's Economic Policy. He urges people not to be misled, as the NPP has not yet released its official Economic Policy
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Couldn’t help but think about the “okay-machan” debt restructuring method. Man what were these guys thinking? 😄
A high-level IMF delegation met with Sri Lanka's economic team to discuss the progress of the Extended Fund Facility.
Positive discussions focused on economic reforms & future collaboration under the new government. 🇱🇰
#SriLanka
#IMF
#LKA
#EconomicRecoverySL
@IMFNews
A
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In SL whether someone becomes an Economic Hitman or an Economic Liftman depends on who makes the appointment.
Hypocrisy aside, I’m glad capable public officials are retained in critical roles to carry on their duties.
Mahinda Siriwardena reappointed as the Secretary to the Ministry of Finance
#news
#newsfirst
#news1st
#localnews
#lka
#srilanka
#srilankanews
#latestnewsupdate
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It's never easy to pick a side to back in politics. Especially when that side is governing.
But it's a great feeling to hold your head high knowing that you didn't succumb to populist waves & was a part of something that changed the course of 🇱🇰 for better.
Now the wait begins!
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No shit Sherlock! The whole reason SL started the debt restructuring process was due to the unsustainable debt-to-GDP ratio. Is he just finding this out?
"Sri Lanka's foreign debt, which is being lamented as unpayable, amounted to just US$ 41 billion as of December 2022. In reality, it shouldn't even be classified as a significant debt; it has become a burden as result of our economic situation." - Anura Kumara Dissanayake
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One of the key pillars behind SL’s economic recovery! 👏👏👏
#SriLanka
’s Central Bank Governor Nandalal Weerasinghe, honored in Global Finance's 2024 Central Banker Report Cards with a top grade of "A"
"A" grade highlights Governor's success in key areas of inflation mgmt, economic growth, currency stability & interest rate control
-NF 👏🏼
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Despicable attempt to backpedal after sh** hit the fan and ended up costing lives. Unions are a virus and JVP is patient zero!
Citizens are all set to defeat the corrupt ruling class by this october. JVP trade unions clearly spells out its strategy, Lal requests the Railway unions who did a blunder to be ethical in their actions. The organized govt ettempt to put the blame on
#NPP
has again failed 😊
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@RW_SRILANKA
on complexities of renegotiating debt restructuring with IMF.
Which is why when the rhetoric of “We’re renegotiating with IMF” is thrown around, the question of “renegotiating what?” arise. Is it the whole program incl debt restructuring or just the revenue
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As Sumanthiran rightly said a few months ago, “people of the north remembers 2005 with regret”. This PE they’ll very likely take the opportunity for a historical course correction.
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When you learn economics from economic gurus like Sunil Hadunneththi, these sort of statements attacking proven public officials like CBSL governor can be expected.
රනිල්ට රට භාරදීලා අවුරුදු 2කට පස්සෙ සමස්ථ ණය ඩොලර් බිලියන 100ත් පන්නල නේද?
මහබැංකු අධිපති එක්ක එකතුවෙලා රටේ ආර්ථිකය අකුලපු ඇකිලිල්ල කොහොමද කියනවනම් දැන් දිගඇරගන්ඩ බැරුව දඟලනව..
මෙච්චර දෙයක් කරපු එකා 2048දි රට ගොඩදායි කියල හිතන්නේ
@rowmewan1
වගේ highclass සැට්ටම්බියෝ විතරයි
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I’d really love to know what Tiran got on JVP to have them this obedient
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“The repayment period will be 15 years, from 2028 to 2042, with the interest rate newly set at around 2%”
I can almost see the posts coming up in a few weeks😄 The repayment period should have been 50 years at 0% interest with a haircut of…
BREAKING: Sri Lanka's debt repayments to be suspended until 2028
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SOE reforms and economic liberalization is the way forward for any govt hoping to take office and don’t want to witness a second default during their period. Don’t be swayed by any other pie in the sky narrative.
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Way to go 🇱🇰 👏👏 Credit should go to
@RW_UNP
@CBSL
@ShehanSema
@RanjithSiyam
@kanchana_wij
& to whole of Sri Lanka that showed remarkable resilience when the going got tough!
Key points highlighted
- Completion of bilateral and PC debt negotiations is key
- Implementing
The IMF Executive Board today completed Sri Lanka’s 2024 annual economic consultation & approved the 2nd review of the IMF-supported program. The approval provides the country with access to ~US$336 million to support its economic policies and reforms.
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Watch from 5.30 to see the full explanation from KW exposing AKD selective misinformation.
Jeppas climax watching the newswire short clip was fun while it lasted 😂
You should watch today's conversation between President RW, NPP leader AKD and Power Minister Kanchana Wijesekera regarding the 700 MW solar power plant.
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I’m glad we never let this happen in SL. Some leftist political opportunists were actively promoting a parliament takeover & others were making political calculations before stepping in.
In hindsight,
@RW_UNP
stepped in to avert a catastrophe. I’m afraid it’s too late for BD.
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Never too late to make the right choice!
Former SJB MP Thalatha Athukorala has extended her support to President Ranil Wickremesinghe
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SJBs top two preferentially voted MPs from 2020 are with RW
SJB MPs Kumara Welgama and A H M Fowzie extend their support to President Ranil Wickremesinghe in the upcoming Presidential Election.- reports Hiru
#LKA
#SriLanka
#SriLankaElections
#PresPollSL
#Elections2024
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Just finished watching the full clip. RWs grasp on international geopolitics is unmatched by any of the others in local political arena. Looking forward to see his chairmanship in IORA.
Ending with a banger. “Keep an eye on the Indian Ocean” 👌
President Ranil Wickremesinghe offered his audience a brilliant exchange at the 2023 Islands Dialogue. This is quite possibly the zenith of his interviews. His knowledge of the intricacies of the shifting geopolitical arena as well as his intellectual prowess are unparalleled.🇱🇰
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Sharing this clip to point out the song playing in the background during the rally & it’s applicability to today. IINM this was the theme song from RW’s 2002 “Regaining Sri Lanka” program, something which could have transformed SL economically had it continued.
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@RW_UNP
Credit shld go whr it’s due 👏 From day 1 RW was the only 1 talking sense revealing the real situ & risks to public. From not missing a day in parliament to engaging end2end in the debt talks to driving the fiscal policy. IMF prog isn’t the end & mst be seen thru wit SOE reforms.
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NPP Economic council member Sunil claims that interest rates are too low. Are you proposing a rate hike? By how much? 🤦♂️
And throws around accusations that inflation numbers are cooked. What’s the current inflation by NPP calculations? Show your work.
#ජාජබආර්ථිකකවුන්සිලය
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A rare picture of Bruno Mars with Lucky Dias and Malini Fonseka 🤩🤯
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Blast from the past - In the inception, GMOA refused to take responsibility and warned against accepting patients brought in by Suwaseriya
World Bank hails ‘Suwaseriya’ ambulance service for saving countless lives in Sri Lanka
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Why is everyone seemingly surprised?
NPP Govt. abandons plan to privatize SriLankan Airlines
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Regardless of whether or how it happens, there’s a symbolic gesture to what he says. Most of the responses to this in X shows the parochial mindset of SL who still can't see the forest for the trees. Also, the willingness to bash anything as long as it’s said by
@RW_UNP
🤦♂️
Sri Lanka will build a school in Gaza once the conflict ends and reconstruction begins - President Ranil Wickremesinghe
📸 PMD
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Trust this is within the parameters of price formula. Where has the reduction taken place? Landing cost or the taxes?Hopefully NPP will continue to publish the breakdown of PF similar to previous govt.
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I guess it only gets glorified when Hanke’s calculations are above
@CBSL
estimates. NPP and SJB folks better take a good look cause this may be the last time SL is in the top 20 list.
In this week's inflation roundup,
#Zimbabwe
is back in 1st place. On Mar 9, I accurately measured Zim's inflation at 484%/yr, almost 2x ZimStat's official inflation rate of 243.8%/yr. Phony measurements from Taguma Mahonde & ZimStat.
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We’re still only 2 years under a RW presidency. You can see so many indicators that we’re heading rapidly in the right direction!
Use your 🗳️ to push the growth momentum even further!
Vote
@RW_SRILANKA
!
Sri Lanka govt debt falls below 100% of GDP
#SriLanka
’s central government debt fell to 99.83% of gross domestic product by June 2024 from 105.49% in December, amid exchange rate stability, a reduced budget deficit, and an expanding economy
-EN
🇱🇰📈
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Myths busted courtesy of
@RW_UNP
- Intl comunty won’t recognize RW as a legitimate pres
- SL won’t get an IMF deal
- USD w/ surpass 400 by EoY
- DDR w/ destroy the economy
- Won’t to reach consensus among creditors on DR
- Single digit inflation is a dream
What else u got?😁
IMF වැඩසටහනේ දක්වා ඇති ණය ප්රතිව්යුහගත කිරීමේ පරාමිතීන්ට අනුකූලව ශ්රී ලංකාවේ ණය ප්රතිව්යුහගත කිරීම සඳහා නිශ්චිත මූල්ය සහතික පිළිබඳ ප්රතිපත්තිමය එකඟතාව නිල ණයහිමි කමිටුව තහවුරු කර ඇත. සියළුම ද්විපාර්ශ්වික ණය හිමියන්ගේ සහයෝගීතාවට අපි කෘතඥ වෙනවා.
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Why have the access to NPP manifesto and other policy docs been suspended on their website? Are they no longer valid?
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Have to give it to
@HarshadeSilvaMP
for the mic drop moment on treasury independence😂
Asked
@NPPSLOfficial
rep simple question: Will they support
@CBSL
independence, key pillar in our Econ recovery? He had no answer—just empty rhetoric. This is the real
#NPP
: no substance, no policy, no different from populist Rajapaksas. Sri Lanka deserves better. Choose wisely.
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A few days ago in an interview
@anuradisanayake
claimed NPP would increase minimum APIT threshold to 200k & a Max of 24%.
4 months ago AKD claimed that they won’t be able to immediately change the current tax structure as it’ll take time to change the current mechanism.
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Dude still got so much love for Mahinda 😂
“Mahinda Rajapaksa is the Game Master, what game can Ranil play?” National Peoples Power (NPP) Leader MP Anura Kumara Dissanayake during the Parliamentary debate on the need to hold elections on time.
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Tbh you can’t blame JVPrs for being this misinformed. They only listen to party propaganda & their economic gurus keep feeding them fanciful lies (ex. Ok machan) about economy and everything else which are embraced by loyalists w/no further questions. So this is not surprising.
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I thought earlier that SH sometimes makes calculated remarks to please certain voter segments.
Now I’m convinced he’s just brainless 🤦♂️
අනේ පිං සිද්දවෙයි දයාශාන්ත මෙයාව ස්පොන්සර් කරලා ඇමරිකාවට හරි යුරෝපෙ රටකට හරි යවන්න. අඩුගානේ ඉන්දියාවටවත් මාසයක් විතර ගතකරන්න.
මේ හිතළු කියවනෙකවත් අඩුවෙයි පිටරටක එක්ස්පිරියන්ස් එකක් ගත්තොත්.
@RW_UNP
මෙයාව ඉන්දියාවට මාසෙකට හරි යවන්න පීස්🙏🏻
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Montek Singh Ahluwalia noted that SL does not need many lessons from other countries as the reform agenda set out by
@RW_UNP
is “impressive and comprehensive. I think all you have to do is to get on with implementing it. What the President outlined is truly path-breaking,”
🔗⬇️
The reason why India came out of the 1991 crisis and never went back to
@IMFNews
is, immaterial of politics they stuck to reform says
@MontekSinghPC
.
#SriLanka
cannot waste this last chance. Reform, while looking after the poor, is the only way out. Let’s not be fooled again!
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Sanity has prevailed. I’m glad it has! 🙏🏼
This will effectively make a key slogan of NPP during elections, a promise for an alternate DSA, rendered moot.
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Banana leaf in Boralesgamuwa is always a personal favorite
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Quoting Vraie Balthazar - “JVP identity is a part of NPP too”
The following video shows how NPP politician Naleen Hewage insulted the President RW's wife in a public meeting. Mrs
@Dr_HariniA
, What is your opinion on this?
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Congrats to Harsha for posting about India without mentioning Suwaseriya and his involvement. 👏
🚀 Congrats to
#India
🇮🇳 on
#Chandrayaan3
moon landing! 🌕
This lunar mission signals their ascent as a
#greatpower
. Let's applaud not just the
#MoonLanding
but embrace India's rise openly & collaborate to develop our tech & be part of global production networks.
#IndiaOnTheMoon
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Sajith’s entire political existence is a waste of time.
“Are you afraid? Why isn’t he answering? I listened to the President’s statement. Why is he not answering our questions?"
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Seems like it’s not a “slip of a tongue” and he’s pretty adamant about the theory that any investor considering to start a venture in SL is engaged in an underhand deal.
FDI and FTAs are the way to go for a country like SL. Seems NPP is for neither.
This statement by NPP economic council member Sunil Hadunneththi nicely sums up their view on FDIs.
ඊලොන් මස්ක් වැනි කුප්රකට ආර්ථික ගාතකයන්.... 🤦♂️🤦♂️🤦♂️
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This is precisely the summary of the program!
A good portion of the program was focused on the alternative DSA of NPP, only to realize that if the A/DSA is going to trigger a restart of the whole process, it should be dropped.
Did he honestly had no idea that it does?
360 සම්පූර්ණයෙන්ම බැලුවෙමි.
ආර්ථික අර්බුදය ගැන සාරාංශය
✅දැන් රනිල් ගෙනියන වැඩ සටහන හොඳයි
✅අපි ඊට වඩා හොඳට කරන්න අවුරුදු එකහමාරක් Test කරනවා
✅බැරි වුනොත් දැන් තියෙන එක ඉස්සරහට කරගෙන යනවා
ඒ test එක කරන්න අපිව test කරන්න. ඒ කියන්නේ (Test)²
BTW
@kalindukaru
did a great job 👏
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I read somewhere that people actually bought tickets to listen to this? 🤯
මිනිරන් වලින් "graphite" නිෂ්පාදනය කරන්න පුළුවන් -
@anuradisanayake
Why do our people love buggers who talk and not buggers who work. NPP idiots don't know these or are they also being fooled.? These guys just don't have a economic plan. Period
#SriLanka
#graphiteAKD
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I can understand the NPPs frustration and anger towards NW. He has been navigating wisely and have crushed their hopes for hyper inflation, a bank run during DDR and botched debt talks with ECs to name a few. පවු.
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LKR will further strengthen in the months to come following IMF loan disbursements and debt restructuring.
I know a lot of folks who are going to be really upset 😂
IMF staff & the Sri Lankan authorities have reached staff-level agreement for the 2nd review of the IMF-supported program & the 2024 Article IV Consultation. It is crucial to sustain reform momentum to ensure lasting recovery & stable, inclusive growth:
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There is a growing trend where politicians attack CBSL autonomy with half-baked stories.
CBSL has had the provisions to decide salary since 1950. Despite this fact being very clear, a segment of politicians continue to demonize the independence given to CBSL in 2023 with the
The now, controversial "autonomy" was given to
#CentralBank
, in good faith in the national interest. It's to prevent the unethical crafty political bosses from insisting that
#CBSL
to take political decisions in national economic issues. But Alas! what has happened here? The
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