Discover and read the best of Twitter Threads about #srilankacrisis

Most recents (24)

Sri Lanka Sunday Times (owned by Ranil @RW_UNP’s family) editorial accuses #USA Undersecretary Ms Nuland @UnderSecStateP of engineering #SriLanka popular uprising “aragalaya” that ejected President Rajapaksa @GotabayaR.

@SFRCdems @SenatorMenendez @USAmbUN @AmbassadorRice

#lka
#SriLanka Sunday Times (owned by Ranil @RW_UNP’s family) editorial accuses “Indian” IMF @IMFNews Director for Asia, Dr Srinivasan of collusion with #India Government & #USAID’s Samantha Power @PowerUSAID to punish 🇱🇰

@KGeorgieva @Shanta_WB @DrSJaishankar @RitaFrenchFCDO

#lka
#SriLanka Sunday Times is an influential English weekly. It’s editorial describes the popular uprising as a crisis & a conspiracy.

The chairman of the company owns Sunday Times is a cousin of current President Ranil @RW_UNP; he also acts as Ranil’s advisor.

#lka #SriLankaCrisis
Read 3 tweets
Exclusive: Some in int'l community trying to oust @RW_UNP, Minister Tiran Alles tells me. “Sections of the international community worked to topple President Gotabaya Rajapaksa, now they want to topple President Ranil Wickremesinghe, too.” (1)
#SrilankaPresident
#SriLankaCrisis
(2) The UN, US, Canada, EU & UK expressed serious concern, the Norwegian Ambassador strongly condemned last week's pre-dawn military assault on the protesters occupying the presidential secretariat. Journalists & lawyers were among those assaulted. At least 5 ppl were abducted.
(3) Responding to wave of int'l condemnation, Min Alles says: “Some sections of the tinternaional community don't like President Ranil Wickremesinghe as he is a strong leader. Their intention is to weaken #SriLanka to control our country’s affairs.”
#SrilankaPresident
#SLnews
Read 8 tweets
**A 🧵 ON EARNING EXTRA USD $ FOR ANYONE IN #SRILANKA**. Hi everyone, so following up on my previous thread a few months ago, I thought I would write a new one on much simpler ways to earn some extra foreign income on the side.
As always, a small disclaimer. None of the methods I have mentioned here will probably make you enough money to survive on it as a lone source of income, however, it should act as a supplement to what you are earning + added bonus of it being in USD.
Most of the methods I have mentioned on this thread, I have learnt through people I met in #Bali who are digital nomads. Some use it as a supplementary source of income, but some actually SURVIVE completely on some of these means that I've mentioned.
Read 17 tweets
.@JoeBiden @SecGranholm If we in the United States want the Eurozone to keep up #RussianSanctions thru this winter in support of #Ukraine we need to be loading boats with coal so power producers have proper stockpiles... RIGHT NOW! We should be all hands on deck!!! @JavierBlas
Otherwise Europe will be at risk of grid shutdown/blackouts or some kind of #SriLankaCrisis will ensue. This is not a joke. If the grid shuts down in the middle of winter, people will die like they did here in Texas during the Uri freeze of Feb 2021.
Recommend discussing privately with energy ministers/secretaries in each country. Different fuel mix for each country between nat gas/coal/oil/etc. Rationing as is currently planned will NOT be enough. Consider Defense Production Act to support allies of #Ukraine
Read 7 tweets
Re: Rupavahini Takeover:

We can confirm that a group of protestors were given a seat at a news broadcast at Rupavahini, in an attempt to de-escalate tensions.
(1/8)

#LKA #SriLankaCrisis #GotaGoHome2022
The protestors had demanded the Sri Lanka Rupavahini Corporation (SLRC) change its programmes and replace it with coverage of the Aragalaya.
(2/8)
The staff managed to compromise and offered the protestors a seat at the next news segment, having explained that the scheduled programmes cannot be taken off air entirely.
(3/8)
Read 8 tweets
අරගලය හින්ද හෙට ඉඳන් ලංකාව සෞභාග්‍යමත් වෙනවද?
දැන් ඉතින් පෙට්‍රල් වැහි වහීද?
බඩු මිල අඩු වෙයිද?
දැන් ඉතින් ලංකාව නියමෙටම පාලනය වෙයිද?

වගේ ගොබ්බ ප්‍රශ්න අහන වැඩිහිටියො ඉන්නව නේද?
එයාලට ප්‍රංශ විප්ලවයෙන් උත්තර දෙන්න..
(1)
18 වන සියවසේ ප්‍රංශ විප්ලවය සිද්ධ වෙන්නෙ ලුවී රජ පෙළපතේ ඒකාධිපති අදූරදර්ශි අවකළමණාකරණ පාලනයට වගේම දිගුකාලීනව තිබුණු අසාධාරණ වැඩවසම් ක්‍රමය පාදක කරගත් සමාජ දේශපාලන ආර්ථික ක්‍රමයට විරුද්ධව..

16වන ලුවී ගෙ බිසව ඇන්ටොනයිට් "පාන් නැත්තම් කේක් කාපන්" කිව්වෙ විහිළුවට නෙවෙයි. පාන් (2)
නැති මිනිස්සුන්ට කේක් කොහොමත් නෑ කියල තේරුණේ නැති නිසා.. (මෙච්චර කෙල වෙලා තියෙද්දි පාර්ලිමේන්තුවට ඇවිල්ල ගෝඨාභය හිනා වුණු එක මතක් කරගන්න)

මිනිස්සු පාරට බැහැල 16වන ලුවීවයි බිසවයි ගිලටීනයට තියල හිස ගසා දැම්මා.. තව ගොඩක් දේවල් වුණා..

කොහොමහරි..
(3)
Read 9 tweets
🧵The Sri Lankan Socialist Equality Party (@SepLanka) has just rejected a request by a capitalist party that it participate in a coalition to prop-up capitalist rule & enforce IMF diktats amid insurrectionary demonstrations. #SriLanka #SriLankaCrisis

1/

wsws.org/si/articles/20…
On July 5, the Samagi Jana Balawegaya (SJB) party invited the SEP to join an "all-party consensus" & the SEP responded:

"The SEP flatly rejects the invitation. At the same time, I take this open letter as an opportunity to re-explain to the working-oppressed public..."

2/
"...the solution that the SEP has already offered to the deepening social disaster in Sri Lanka. Hard-hit by acute shortages of essentials including food, medicine and fuel, daily power cuts and skyrocketing inflation, the labor-oppressed masses have been demanding..."

3/
Read 7 tweets
To all the crypto family out there, prepare for total chaos. Sudden death will be new talk of the town this fall, early 2023. Energy prices will reach unimaginable levels in coming months as inflation heats up and central banks throw all their cards just to realize they can’t…
control it. Food will get scarce, biblical famines will hit 3rd world countries, spilling over to western world. EU energy rationing policies will cause wave of deaths this winter. CBDCs will roll out globally following China example. Universal basic income ( UBI ) …
Social credit score, food rationing with monthly allowance to buy essentials will be new norm and marketed as only fitted solution to global chaos. Every industry will experience bankruptcies shocks globally. Travel will become unaffordable to average middle class family…
Read 11 tweets
ℹ️ This is not a FALSE letter

Here is why 👇 ( Thread )

#SriLankaCrisis #SriLankaprotest #ProtestLK #lka #SriLankaEconomicCrisis
මෙම ලිපිය ශ්‍රී ලංකා විදුලි සංදේශ නියාමන කොමිෂන් සභාව විසින් දුරකතන සමාගම් වෙත යැවූ බවට Citizen Fact Check අපට තහවුරු කළ හැක .
කෙසේ වෙතත් එම ලිපිය නිල නොවන ආකාරයට ප්‍රසිද්ධියට පත්වූ පසු එම ලිපියේ සඳහන් පරිදි හෙට දිනයේ අන්තර්ජාලය අවහිර කිරීමක් සිදු නොකරන බවට ලංකා විදුලි සංදේශ නියාමන කොමිෂන් සභාවේ සභාපති ජයන්ත ද සිල්වා ප්‍රකාශ කිරීමට හේතුව කුමක්ද යන්න ප්‍රකාශ කිරීමට ප්‍රමාණවත් සාක්ෂි අප සතුව තවමත් නොමැත.
Read 5 tweets
Sri Lanka has fallen.
It’s bankrupt, out of Petroleum, medicine, electric power & food.

Everything is rationed #socialism

mobs are chasing and killing wealthier citizens desperate for food & fuel.

#LiberalWorldOrder

#SriLanka cnn.com/2022/04/05/asi… Image
Climate-friendly ban on artificial fertilizers devastated the country’s largest industries - #Farming.

On the bright side, Sri Lanka’s ESG score is 98.1 per WEF measures 😎

#SriLankaCrisis 👉🏼 #Netherlands

shorenewsnetwork.com/2022/07/07/com…
Read 4 tweets
#PriceHikesSL

⛽CEYPETCO #fuel price hike (price/L):

🔴92 Petrol: Rs. 470/-

🔴95 Petrol: Rs. 550/-

🔴Auto Diesel: Rs. 460/-

🔴Super Diesel: Rs. 520/-

#SriLankaCrisis #EconomicCrisisLK
#PriceHikesSL

🍚🍛🍲
Price of Rice packets and food items 🔼 by 10%
-All Ceylon Restaurant Owners Association

#SriLankaCrisis #EconomicCrisisLK
Read 6 tweets
🇨🇳 President #XiJinping at #BRICS2022 #BRICSBusinessForum

Where is the world headed: Peace or War? Progress or Regression? Openness or Isolation? Cooperation or Confrontation? These are choices of the times that we are confronted with.

📖keynote speech↓
fmprc.gov.cn/eng/zxxx_66280…
First, we should embrace solidarity and coordination and jointly maintain world peace and stability. Hegemony, group politics and bloc confrontation bring no peace or security; they only lead to wars and conflicts.

2/
The #UkraineCrisis is a wake-up call for all in the world. It reminds us that blind faith in the so-called “position of strength” and attempts to expand military alliances and seek one’s own security at the expense of others will only land oneself in a security dilemma.

3/
Read 10 tweets
What we can learn from Singapore @MAS_sg during its early period from a systemic risk management perspective->
1. Building of forex reserves under Dr Goh after Independence
2. Accumulation and Placement of the Currency Reserves
3. Diversification of the reserves
A case study.
I wish countries, which are today struggling to mobilize hard reserve currency, should make the example of Singapore under Dr Goh a part of their compulsory reading curriculum.
If a tiny city-state can do it, others can follow a good example too.
#SriLankaCrisis #Pakistan
Yes, Encashable Precious Metals, Commodities and other Fossil Fuel Reserves/Inventory, such as oil/gas, should be added to the FX Reserves.
I believe Forex Reserves Reporting Methodology needs some fine-tuning by @BIS_org
Read 5 tweets
The Inflation in #SriLanka 🇱🇰

1. @CBSL says April inflation is: 29.8%,
2. @LankaSTAT says it's: 33.8%
3. @steve_hanke : 122% (seems✅)

Why do we have two different state institutes calculating the inflation in Sri Lanka & yet somehow feel they both are wrong?

#SriLankaCrisis
@CBSL @LankaSTAT @steve_hanke Clarification: @CBSL value is based on CCPI and @LankaSTAT value is based on NCPI. Besides, neither CCPI based inflation nor NCPI based inflation actually reflects the situation on the ground, there is nothing wrong with the calculations.
Read 3 tweets
1. The next couple of months will be the most difficult ones of our lives. I have no desire to hide the truth and to lie to the public. Although these facts are unpleasant and terrifying, this is the true situation.

#SriLankaEconomicCrisis
2.

• Govt. Revenue: SLR 1.6 Trillion.
• Govt. Expenditure: SLR 2.4 Trillion.
• Budget Deficit: SLR 2.4 Trillion (13% of GDP)

#SriLankaEconomicCrisis
3.

• Debt Ceiling: SLR 1950 Billion out of the approved debt ceiling of SLR 3200 Billion by the 2nd week of May
• Foreign Reserves: They were at USD 7.5 Billion in Nov. 2019. However, today it is a challenge for the treasury to find USD 1 Million.

#SriLankaEconomicCrisis
Read 12 tweets
At present, the #SriLankan economy is extremely precarious. Although the former government’s budget projected revenue of SLR 2.3 trillion, SLR 1.6 trillion is the realistic projection of this year’s revenue: PM of Sri Lanka #RanilWickremesinghe, in #Colombo

#Economy #SriLanka Image
The estimated govt expenditure for this year is SLR 3.3 trillion. However, due to increase in interest rates & addl expenditure of ex-govt, total govt expenditure is SLR 4 trillion. Budget deficit for the yr is SLR 2.4 trillion. This amount equals 13% of the #GDP: PM of Sri Lanka
Read 9 tweets
A lot of conversation on RW as PM and what it means politically, but a quick thread on what I think a GR-Prez/RW-PM led (mostly) SLPP government means economically

#EconomicCrisisLK #SriLankaEconomicCrisis #SriLankaCrisis #SriLanka #lka
Disclaimer - I'm no political expert, so my views on POLITICS are no more important than any other random citizen. What I'll try to explain is my personal view on the economics on which I hopefully have more credibility
There are 2 arguments I hear on why this is great for SL's economic crisis

1. RW coming in means political stability->more economic stability->economic revival

2. RW has international connections that will bring in lots of bridging finance

Let me explore what I think of this
Read 16 tweets
There's a lot of political deal-making & grandstanding going on. @fernandoharin was always known as someone who 'plays to the gallery' with a touch of hooliganism & he's living up to his reputation. Whoever tries to convince us that GR is a changed man, is in it for something. /1
This is a President who refused to listen to anyone & with his Family & cabal, drove the country to bankruptcy. This is a President who misled people, stoked racism & made blunder after blunder due to his arrogance & looking after the interests of the Family & his cronies. /2
This is a President who wanted more power through 20A - apparently now he's ready to give up that powerful position!!! Even after being a miserable failure, this is a President, who still hangs on to the presidency, though people have been demanding for months that he resign. /3
Read 8 tweets
Sri Lanka: Authorities must immediately rescind the emergency regulations and shooting orders that provide excessive powers to the police and military,

amnesty.org/en/latest/news…
and take immediate steps to respect, protect and fulfil the human rights of peaceful protestors, @amnesty said today.

#SriLanka #protestLK #SriLankaCrisis #lka
“Authorities in Sri Lanka should carry out a prompt, thorough, impartial, independent, effective and transparent investigation into the reports of violent attacks on peaceful protesters. Authorities should bring to justice those suspected to be responsible and ensure
Read 10 tweets
LIOC is still selling the fuel at a loss is a big fat lie. They are playing the game of valuing oil at international market rate while purchasing at much lesser price 3, 4 months prior. With Russia vs Ukraine war things have changed better for LIOC. (1/3)
Russia is now offering as much as $35 per barrel discounts for India on the crude oil prices prevailing before the Russia-Ukraine war. Oil price was ~$97 then, Freight + Insurance at $3-$4 per barrel, India is getting a barrel at ~65$. (2/3)
LIOC's mother company IOC have already brought 3 million bbls Russian Urals crude via tender for May delivery. Valuing oil at $112 when calculating the price is far from accurate. If the local oil prices were to be the same, IOC will make a killing off us. (3/3) #SriLankaCrisis
Read 3 tweets
Following import substitution, self-sufficiency, and local production didn't work out for Sri Lanka in the last 2 years. My longest 🧵yet to explain - promise it's worth it!

(1/30)

#SriLankaCrisis #SriLanka #lka (#GotaGoGama #GoHomeGota #GoHomeRajapakshas #අරගලයටජය for reach)
Now, these ideas are often "common sense". It sounds good - if we have a forex problem, lets stop importing and make it ourself! Lets be self-sufficent, why depend on others?

But econ ISN'T common sense - so let's go through my view on why these don't work.

(2/30)
The main idea behind these is basically - produce goods locally, ideally goods we currently import, and sometimes, hope to export later.

So 3 broad benefits spoken of

1. Save/grow forex
2. Increase GDP
3. Have a backup if global trade fails

Lets go through all of these

(3/30)
Read 30 tweets
As we reflect on #COVID19 and realize how difficult the pandemic has been, let's take a look back at a past #pandemic in 1918 and learn about the parallels between them and how both affected our island nation...

#Srilanka #History #GoHomeGota #EconomicCrisisLK #SriLankaCrisis
As many of you may know, Spanish flu is not actually from Spain. There are many theories on where it actually began but many claim the source was Camp Funston in Kansas, USA. There it spread via WW1 troops to Spain were the uncensored press reported on it for the first time.
From there it spread across Europe into Russia and then into Asia. By June 1918, it was in India where it became know as 'Bombay Fever', killing 20 million people. By July, it had reached Colombo, coming from India by boat. Dock workers started showing signs of the disease.
Read 11 tweets
I'm going to do a single political thread on the #GotaGoGama #GoHomeGota #OccupyGalleFace protest and a threat it faces. Might be contentious, but please give alternative views.

#SriLankaCrisis #SriLankaEconomicCrisis #SriLanka

(1/20)
Starting off with a few disclaimers.

I think the protests are great for Sri Lanka, I think they've done permanent good already, I think they should continue.

I'm also not a political/social expert - so take this from that POV.

(2/20)
The response to the poll confirms something I was concerned about - that there is space for the protest to be attacked based on perceptions of elitism

If a Twitter poll of what protestors think is like this, I feel actual sentiment might be worse

(3/20)

Read 20 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!