Friday, March 27, 2009

Sri Lanka heading to massive financial crisis due to government failure

By Senthil Ganeshan



Sri Lanka main opposition United National Party (UNP) today said that the government is heading to a massive financial crisis due to their mismanaged economic policies.

Speaking to the media, opposition chief minister of the Central PC and National organizer of UNP, S.B Dissanayake said that this has already resulted in huge problems throughout the country.

According to the Dissanayake a large number of jobs have already been cut off and several companies had also closed due to the financial crisis.

He pointed out that the profit of the companies registered with the Stock Market in Sri Lanka had declined by 61 percent in the past few weeks.

The main opposition blamed the government that they don't have a proper system to save the country's economy as corruption and frauds are rampant.

However, critiques point out that the financial crisis and declining stock market yields are not only limited to Sri Lanka but even superpowers like the US are facing an economic melt down due to the global recession.

----------------------------------------------

- IMF Loan request raised to nearly 4 billion dollars.

- IMF Loan may still be vetoed by US, which would lead to a complete financial collapse of the government.

- Government is paying armed forces personnel with newly printed money each month, resulting in collapse of the rupee.


35 comments:

4C said...

Hey Mr. Pukegal,
Can u ask from tamilnut editor to publish latest pictures taken in no fire zone. Most of the images of injurged civilians were taken in last november.

Puka deela Peelam!!!!

khanthas said...

The economic collapse is mostly overdue with all those extravagant spending on arms to kill Tamils. Further, there are fall-outs from Mihn air, petroleum corporation and from other failures. Above all, high-level corruption is everywhere there. But the collapse is not yet, may be firstly due to some mysterious “forces” massively helping Sri-lanka. Secondly, the Armed forces may have themselves become a parallel and sustaining economy. Finally, the country may have a flourishing underground economy based on crime, sex and corruption.

gambit said...

khanthas said...
blah blah blah..

What the hell was LTTE doing in their peelam areas mate?.. built a single school, hospital?.. all those were maintained by GoSL.. GoSL sent too many food medical supplies to "peelam" without getting any income back ...you come here to talk about crime sex corruption of SL.. hehe pukadiyang huththa

khanthas said...

Gambit, could you be somewhat polite without addressing in your naturally-able language? Try at least. As to the GOSL aide which you are writing about, all what I know is that the Tamils have not even received their due Tsunami aide offered by other countries …

Lalith Kuruwita said...

""khanthas said...
Gambit, could you be somewhat polite without addressing in your naturally-able language? Try at least. As to the GOSL aide which you are writing about, all what I know is that the Tamils have not even received their due Tsunami aide offered by other countries …""

Hah Hah !!

How many Tsunami containers were found with arms & other war like items. Almost all those sent by other countries had arms to be delivered to LTTE.

khanthas said...

Schizophrenia, Laith, Schizophrenia! Even if the War ends tomorrow as the GOSL predicts, you all will need a hell lot of time to get over it…

Upul said...

with govt begging for usd 3-4 billion, there is already smoke and its a matter of time before we see the onslaught of the full fire....

Mayuran said...

Sri Lanka is a failed state in every aspects. Mahinda & Co had stolen enough money to runway from Lanka and let his poor Sinhala believers in deep shit hole..
Way to go Mother Lanka.

tharu22 said...

This is pretty cool. No more news of 'massive' counter attacks or 'thousands' of fighters being sent to East... Now Badri has resorted to pasting UNP news releases.
Pal, just be careful you may even accidently cross over to the GOSL with next batch of UNP cross overs!

tharu22 said...

Hey Navindran,
Please punish only Sri Lanka for Tamil genocide. Please leave Venezuela alone! What wrong have they done to you???
Again, I am reporting in the great journalistic tradition of m.g.k. (ie cut & paste)

"Budget Cuts Won't End Venezuela's Slump"
Oxford Analytica, 03.27.09, 06:00 AM EDT
Chavez's political maneuvers may have little impact on the economic crisis.

When the global credit crisis broke, Venezuelan President Hugo Chavez was bullish about his country's economic prospects. He dismissed suggestions that Venezuela would be affected and insisted that the government had savings to sustain high public spending despite the oil price downturn. However, in recent days, the prognosis changed and Chavez conceded the need for budget cuts. This is in response to a 65% decline in the price of the Venezuelan oil basket from its peak in July 2008.

In a TV broadcast by Chavez on March 21, he announced a series of key economic measures:

--Spending will be reduced by 6.7% to $72.8 billion.

--The level of new domestic debt to be issued will reach some $16.0 billion, up from an original budget plan of $5.6 billion.

--The budget has been recalculated on the basis of an estimated oil price of $40 per barrel, a $20 cut in the original budget estimate.

--Estimated daily oil production has been lowered to 3.17 million barrels a day from 3.67 million.

--Value-added tax, which was cut to 9% from 14% in 2007, will be raised again, to 12%.

--Salaries of senior government officials will be capped.

--"Luxury" government spending on vehicles, public relations, corporate gifts and entertainment will be eliminated.

Challenges ahead. The Bankers Association of Venezuela has backed the new budget, while the private business association FEDECAMARAS has called on the government to balance its books by cutting overseas investment and assistance. The measures announced do not appear sufficient to address serious economic weaknesses:

--Oil exports constitute 93% of export revenues and half of the Treasury's fiscal income. Revised estimates for the oil price and daily production levels appear over-confident. Although the government initially promised to diversify the economy away from oil, it has deepened dependence; and current measures do little to reverse this vulnerability.

--Public sector employment has expanded from the 1.7 million inherited by Chavez in 1998. This is a major drain on resources, although it is unlikely to be addressed due to the impact on unemployment figures.

--Devaluation has been ruled out because of its inflationary impact. However, wage rises, tax increases and domestic bond sales will have an inflationary impact. One element of the government's anti-inflation strategy is nationalization and/or government intervention to force down prices. However, this has yet to contain price growth, serving primarily to fuel perceptions of investment risk and increase the financial obligations of the state.

--Venezuela has enjoyed five successive years of growth, but this began to tail off in 2008, while the current account went into deficit for the first time since 2003 and inflation jumped to 31%.

--The continuing lack of transparency in government finances, and the lack of national debate on economic policy in the pro-government-dominated National Assembly, remains a serious problem. Monies are routinely transferred across accounts: Most recently, the Venezuelan Central Bank placed $12 billion in reserves with the off-budget National Development Fund FONDEN, after repatriating $9.6 billion in overseas deposits at the end of 2008.

A serious economic downturn is unlikely to be staunched by the adjustments announced, and further tightening can be expected in the months ahead. Chavez has flagged to the public the moves to reduce senior salaries and cut superfluous spending. However, these measures seem primarily symbolic--and political. Historically, such cuts have been resisted and difficult to implement. Chavez does remain popular, and he has room for maneuver, but he cannot take popular support for granted.

Bhairav said...

This one is posted by "isurujosh" @ DW.

---------------------------

Letter from a sinhala priest identifying true situation in Vanni:

Here is what I experienced during my short stay at Vavuniya. There are things that I can't write.
The situation is very very critical.Hope to go there again soon
This is a brief account of what I experienced during my short visit to Vavuniya from the 24th to 26 of February. I had the opportunity see the camps where IDPs are kept and meet some persons and go to the Vavuniya hospital with some priests who are also displaced and have come from Vanni area.

More than 30000 displaced persons who had come from Vanni are given temporary shelter in govt. schools and other buildings.. According to priests and nuns who were permitted to enter these places, (now some are given special pass to visit these camps) the members of the families are dispersed among the camps and reunion of them is not allowed at the moment. There are elderly and pregnant mothers, mothers with newly born babies who should be given special care, attention and place which Fathers and sisters are ready to provide but waiting for a positive response from the authorities which they say has to be given from the ministry of defense in Colombo .

As buildings are not sufficient to provide accommodations to such a big number, some temporary tents have been built in play grounds in the scorching sun where no one can stay during the day. In some cases there are two or three families in one tent. The govt. through all media constantly announces that every thing is ready and asks the people caught up in Vanni to come to Vavuniya promising them all facility and security there.

But it is very clear that govt. is not ready at all to accommodate if those people come to Vavuniya as they are unable to provide basic facilities to those who have already come. Except the places, every other basic need such as food, water, sanitary, clothes, medicine are provided by the NGOs. Still they are ready to provide whatever they can but due to very strict restrictions imposed by the govt. they are unable to do so.

These cannot be called as camps for displaced people rather prisons or still concentration camps heavily guarded by armed soldiers and covered with barb wires. We were not allowed to enter any of these camps. While we were standing in front of one of the camps on the main road, behind barb wires which were removed when UN officer John Holmesvisited the camps and returned to the same places immediately after he left Vavuniya, a soldier came and made a sign with his hand to a lady (mother) standing beside us to move away from that place.

As she began to move slowly soldier yelled at her saying “Don’t you understand Sinhala- Sinhala therenne nadda?� Then he pointing his finger to us and asked the officer at the gate in signs what’s to be done with us.

Then he approached me and asked whether I know Sinhala thinking that I am a Tamil priest. As I replied, yes, he asked whether there is any relation of mine in the camp. I told him I am going from camp to camp to find out whether my family members and relations are in the camps. But how could I find when as you don’t allow us to go in and still you chase away us not allowing us to stay out side far away from the camp. Then he politely said “what can we do father, we are carrying out the orders coming from the top.�

Later somebody sarcastically said these are orders from Rajapaksa family and which is also the truth. One of the priests told me that his parents are in a camp but he is not allowed to visit them. As we also moved away from that place, we approached that lady and asked whether she has anybody in the camp.
This was her reply:
“I came to Vavuniya some months ago and husband was in Vanni. Now he has come from that side and is in this camp. First day I saw him, spoke to him staying out side but he did not understand what I said. I found that he can’t hear and he is deaf. He was not so before, now he is unable to hear due to shelling and bombing while he was in Vanni.

Today I came to show him some photographs of our grand children who live abroad. (She showed us some photos of the children). But I don’t see him or unable to contact him. Soldiers chase me away� she told in tears and with utter helplessness.

Even the worst criminals have the right to see and speak to their family members and friends. If then why these innocent helpless people are not allowed to see their loved ones and detained them behind barb wires as criminals?
Isn’t it a grave violation of their basic human rights?
Isn’t it because that for them every Tamil is a terrorist or suspected be so?
Is it difficult to understand that they are being treated so inhumanly for the mere fact that they were born as Tamils in this country?

Here are some painful and agonizing experiences revealed by some injured persons whom I met in the hospital

A 23 years old young girl
We all were in the bunker without food for the whole day and came out to eat something. Then suddenly shells fell and we all got injured. I am without a leg and a hand. Brother and sister were also injured and they are too in the hospital. Father’s whereabouts are not known.

20 years old seriously injured young girl:
While I was bathing shells fell around our place. One of the brothers and I were critically injured. Another brother and a sister are in Vanni and do not know what has happened to them. My father died some time ago. Her mother is there to look after her. She has got 3s for A/L and now worried about her studies.

26 years graduate, a voluntary teacher:
We were all in the bunker whole night and came out in the morning to go to the announced safe zone. Then suddenly shells fell on us. Now the mother is with me. We do not know where my father, brother and sister are.

This is what I heard from a nun:
There is a boy who has lost his both hands in Mannar hospital. He got through his O/L with 10 As. Parents are there to look after him. But now army wants to send away the parents. Then who will be there to help this helpless boy who is still under treatments..

I met a young pregnant mother on the corridor sitting with her 6 year old daughter. She has lost toes of her one leg and three fingers in one hand. Daughter had wounds all over her body. Husband and the other two children are in Vanni. She is worried that if they are sent to the camp, how she can manage with her small daughter as she is unable to attend to her own work.

Priests and nuns are ready to take those pregnant mothers and mothers with new born babies as they need special care and attention but the authorities have not given a positive response yet.

This is another experience of a priest:
I met a small boy and a girl in the hospital. They are from the parish where I was, before I came to Vavuniya. The boy requested an apple and the girl some grapes. So I came out and went in with apple and grapes for those children. I was stopped at the gate by a policeman and asked to hand over my N.I.card and then to go in. I refused to hand over but showed it to him. So he could see that I am from Jaffna and shouted at me asking why you are here. In return I asked him from where are you. I told him I am a Sri Lankan and I have the right to be any where in this country. He continued to shout at me. So I asked him not to shout and if you don’t allow I will go back without giving these apple and grapes to those two kids. I told him please remember if you and your children face such calamity and if there is nobody to help you how would be your position. He stopped shouting and I came back with grapes and apple.

He further continued to say with much sadness and pain, when I see the children here in the church I remember children in Vanni where I was working. Immediately after mass they all come running to hold my hands and then to say that I touched father’s hands first. I do not know where those children are now. What crime these children have committed to be abandoned and treated in such a brutal and inhuman way. When we see the tragedy of the children can any one say a word in favour of this brutal war?

Can we who live in the South especially as church leaders be indifferent and keep silent before this genocide?

This is again an experience of a nun:
A child who is with the mother in the camp came running to see his father outside the gate who came to see them. The mother wanted to give him to the father over the gate to be kissed. But a soldier chased him away. Seen this heart breaking incident Sister approached that soldier and asked if it is your child what would you do? Then he immediately called the father and allowed him to kiss the son.
How can we who have not experienced the gravity of this brutal war at all, who have not travelled at least to Mannar and Vavuniya, who have not met and spoken to victims of this stupid war, justify and make statements in favour of it.? How can we be indifferent and take it so lightly or remain completely unaware of this human disaster?

From all these, are we not indirectly saying to the war mongers that we are not against war, we are with you, we believe what you say and not interested in what the Tamils say and finish the so called humanitarian war (annihilation) you have waged against them?

Here is a horrendous experience of a young person whom I met. I will not write down everything I heard as I still want to see these people alive.
So many dead bodies of young boys and girls were brought under the tag “terrorists killed in battle� In the post mortem it revealed that all the girls were raped. There were clear signs to prove who they were but buried as terrorists. Though I have no right to ask any question I just inquired that person what have you got to say. With full of tears in eyes replied “We may not born as Tamils in this world again, especially as Tamil women.�

There is so much to be written and that is again the agony and the tears of our Tamil brothers and sisters who cry for life and freedom which is their RIGHT.
Right to live in their own homes and land as true citizens in this country with human dignity.

Is it not the state terror of the successive Sinhala rulers treated the Tamils so brutally and suppressed their just demands?

At least now stop our petty arguments to show that we are neutral or do not take a side which reveals our hypocrisy. We believe in a God who takes the side of the oppressed. Hence we have a moral right to take the side of the oppressed Tamils.
The need of the hour is our SYMPATHY AND CONCERN

-------------------------------------------

Bhairav said...

So many dead bodies of young boys and girls were brought under the tag “terrorists killed in battle� In the post mortem it revealed that all the girls were raped. There were clear signs to prove who they were but buried as terrorists. Though I have no right to ask any question I just inquired that person what have you got to say. With full of tears in eyes replied “We may not born as Tamils in this world again, especially as Tamil women.

My blood boils when I see what happened to these young Tamil women and men.

If you're TAMIL, you shouldn't be question about the LTTE's stand. All Tamils should act together , at this very minute, pay back should be ten times worse than what we got from them.

4C said...

Hey Bairav,

Donot boil ur self. Just sucide. Peelam is over. Ur hard earned money wasted like shit.

Do not believe every shit ritten by ashls. Anybody can rite but no one can prove.

If i say LTTE not killing inocent civilians, No bus bombs, no train bombs, No bombs inside rrailway stations, .. etc can u believe it.

There's no idiots in SL to beleive those shit news. All has migrate to UK, Canada, Ausie...

m.q.k said...

Thousands of Tamil Tiger supporters marched down Sydney streets to protest the civil war that has ravaged Sri Lanka for decades.

Sydney's CBD suffered traffic congestion and delays as approximately 2,000 men, women and children gathered at Martin Place on Saturday and marched to Town Hall, where a rally was held.

Coffins, children stained with fake blood and a man dressed as a tiger and armed with a sword were just some of the portrayals represented in the march.

They carried signs displaying the slogans: "Free Tamil", "Tamils are not Sri Lankans" and "The charge is genocide, the struggle is for freedom".

The Tamil Youth Organisation (TYO) of Australia organised the march and the rally, which gathered in the forecourt between Town Hall and St Andrew's Anglican Cathedral.

TYO representative Jay Nathan spoke to the crowd, describing the difference between life in Australia and life in the island nation of Sri Lanka.

"I see my fellow Tamils living in Sri Lanka and I am overcome with sorrow to see that they are denied the luxuries that I enjoy here in Australia," Ms Nathan said.

"They live their lives in fear of persecution, abduction and death because of who they are."

She said oppression against Tamil civilians had lasted more than 60 years with the government controlling the media and prohibiting access by overseas aid organisations to the conflict zones.

She repeated the call for the Tamil-controlled provinces to be allowed to secede from Sri Lanka and become an independent state.

Adrian Francis, also a TYO representative, said the United Nations estimated that nearly 2,700 Tamil civilians had been killed and more than 7,200 injured from late-January to early-March in 2009.

"To me it is beyond evidence that the sole agenda of the government of Sri Lanka is to wipe out the Tamil population," Mr Francis told the crowd.

"These are our brothers, these are our sisters, mothers, fathers, everything - all lost, lost lives, lost dreams.

"We ask the Australian government to listen to our plea, to understand that these our brothers and sisters we are losing in this conflict."

m.q.k said...

CENTRAL BANK FOLLOWS SRI LANKA GOV TO MISLEAD IGNORANT CITIZENS


A senior economist has warned that the Central Bank’s reactive, defensive and combative role in “talking up the economy” has eroded the credibility of the institution.

In a presentation at the World Bank headquarters in Washington DC last week, Muttukrishna Sarvananthan maintained that the “permissive culture of denial and falsehood by the Central Bank” was a “moral hazard”. For instance, whenever institutions like Standard & Poor’s or Fitch revised the country’s credit ratings downwardly, the regulator immediately issued a press release disputing their assessments.

“No IMF bailout” - Central Bank

Sarvananthan cited other examples of the Central Bank’s “culture of denial”. On 19 January 2009, the regulator issued a press release refuting reports that Sri Lanka will have to seek an IMF bailout package. In it, the regulator shot down claims by economists that the current reserves position was similar to that which prevailed during the controlled economy in 1976. The statement claims that current levels of gross official reserves were well above those that prevailed before 1977 and even above levels at the end of 2004.

Revealing four steps that had been taken to increase reserves, the statement adds significantly that: “The Central Bank is confident that above measures will help build up official reserves to a substantial level and therefore the claims made by certain persons that there would be a significant devaluation or that Sri Lanka will soon apply for an IMF bailout are erroneous and misleading”.

But on 4 March 2009 — six short weeks later — the Central Bank issued another press release confessing that Sri Lanka had started negotiations with IMF for a standby loan of US$ 1,900 million.

Even this communiqu‚ is misleading, Sarvananthan states. “The Central Bank attempts to justify seeking an unprecedented huge quantum of external assistance saying they need money for urgent ‘…resettlement, rehabilitation and reconstruction work in the Northern province, and the continued rapid development of the Eastern Province’,” he asserts. “The fact is, any financial assistance from the IMF does not enter the national budget and, therefore, cannot be used for the said purposes.”

“This is yet another attempt by the Central Bank of Sri Lanka to mislead the general public,” he continued. “Such falsehoods have been the norm of the Central Bank in recent years.”
The regulator issued sovereign bonds worth US$ 500 million in October 2007, claiming the government would use this to finance infrastructure projects in the South. The government later publicly admitted that a bulk of that money was used to retire their short-term borrowings. Commenting on declining foreign reserves, Sarvananthan says there has been a galloping trade deficit of almost US$ 6 billion at the end of 2008. Foreign exchange reserves have been drained mainly due to oil and food price increases in the international markets during the first quarters of 2008. He also blames Central Bank interventions in the foreign exchange market to prop up the rupee, forestalling depreciation. The government has withdrawn foreign investments in government securities and other short-term portfolio investments since October 2008.

Meanwhile, garments exports have been declining since last quarter of 2008 as a consequence of recessions in two major export markets — the US and UK. There has been a dramatic drop in tea prices since the last quarter of 2008, from US$ 3 per kilogram to less than US$ 2 per kilogram.

Sarvananthan says that domestic sector fragility remains. Not only have economic reforms been stalled, there has been a rolling back of reforms undertaken by previous regimes — for example, a re-nationalisation of the Sri Lanka Transport Board (SLTB), SriLankan Airlines and the Thulhiriya Textiles Mills. There has been wasteful expenditure on projects like Mihin Lanka and the Weerawila international airport; on efforts like the resurrection of the bankrupt Pramuka Bank into a state-owned savings bank; and on things like the jumbo cabinet and the fertiliser subsidy. On the positive side, however, state subsidies on wheat and fuel were removed in 2007 and 2008 respectively.

The privatization or reform of the Sri Lanka Administrative Service, Ceylon Electricity Board (CEB), Department of Railways, Ceylon Petroleum Corporation and Sri Lanka Transport Board are long overdue, Sarvananthan emphasizes. (A bill to restructure the CEB was recently passed in parliament but the details are yet to be fully explained to the public). But Sarvananthan appreciates that work on the Norochcholai coal power plant — put off by successive governments since 1979 — is underway.

Separately, there has been a resurgence of economic nationalism after 30 years of liberalization and reform. For instance, on 17 March 2009, President Mahinda Rajapaksa said: “We will not pawn or sell our motherland to obtain monetary aid….Neither will we bow down to any conditions or transform our land to a colony….” He was referring to ongoing negotiations for standby credit with the IMF. In spite of economic fragilities, vulnerabilities and turbulence, however, “there has been hardly any public unrest due to unrelenting battlefield successes resulting in feel-goodness,” Sarvananthan says. This was demonstrated through resounding victories in five consecutive provincial council elections between May 2008 and February 2009, he notes, calling this the “political war dividend”.

“Thus, psychological feel-goodness has triumphed over economic rationalism and prudence among the politicians, policy makers and, above all, the masses, including businesses,” the economist observes. Consequently, he predicts, the current economic turbulence is unlikely to develop into the type of economic crisis experienced in 2001.

Sarvananthan emphasizes there are challenges as well as opportunities in the political war dividend. “After all,” he asserts, “Sri Lanka is not under a military dictatorship as in Sudan, or Pakistan (until recently) nor is it Zimbabwe”. He stresses that national policy makers should use growing popular support to the government to inculcate “economic rationalism or economic prudence”. He encourages the government to undertake long overdue economic restructuring and reform.

“This is a golden opportunity that should not be missed,” he concludes. “It is up to the politicians, their advisers and policy makers to make the strategic choice.

Policy advice is free, but policy choice is pricey

Sri Lanka has sought IMF funds only five times since 1983. Three of these loans were solicited in times of great economic distress: in 1991; in April 2001 when standby credit of US$ 253 million and an additional US$ 250 million Poverty Reduction and Growth Facility (PRGF) was approved; and in March 2009, when Sri Lanka has sought IMF assistance to the tune of US$ 1.9 billion.

According to the Central Bank’s own figures, the money sought by Mahinda Rajapaksa’s government is 300 per cent of Sri Lanka’s current IMF quota. It is largest loan ever to be solicited from the IMF by Sri Lanka. Negotiations are ongoing and expected to be concluded by the end of March.

The other times Sri Lanka requested IMF funds were in 1987 and 2003, when the economy was performing relatively better. The IMF was shown the door in 2006 after the installation of Ajith Nivard Cabraal as governor.

sachein2000 said...

Another tamileelam website: http://www.tamileelamonline.com/en/Main_Page

Thileepan said...

http://www.tamileelamonline.com/en/Main_Page

m.q.k said...

A Sinhala TV reporter attached to the state-run Rupavahini Corporation and posted to cover the conflict in the Vanni was arrested on Thursday along with five laptops and ten digital cameras allegedly plundered from Tamil Tiger bases, police confirmed.

The reporter, identified as Deshapremi Saman Kumara Ramawickrama, was taken from a police check point in Medawachiya some 260 kilometres north of the capital Colombo while traveling in a vehicle provided the television station, investigators said.

Several artifacts allegedly removed from Hindu temples were also found on his possession, according to the investigators.

Sources close to the investigation said that immediately after the arrest there was a covert attempt by interested persons to cover up the issue.

The police were given orders to detain the goods but release the reporter. The police were also told not to record any thing on their books, the sources said.

The arrest was made after the reporter was returning to the capital Colombo.

Independent journalists are barred from covering the conflict zone. The Government has only allowed state-owned television and radio organizations into the area.

WHAT NEXT U WANNA STEAL SHIT TOO..

Upul said...

http://www.tamilnet.com/art.html?catid=13&artid=28858

Deshapremi Saman Kumara Ramawickrama, Rupavahini, Reporter arrested for plundering computers, cameras from Vanni

I doubt he was actually arrested for stealing. although that was what was put out by police. there real reason is perhaps this Rupavahini reporter saw too much sla losses, deaths, collapse in morale, that he had to be silenced if he ever tried to spill the beans. hence some made up theft charges...

budhasinhala said...

lankan army tank destroyed.... 17 sla modas died in anandapuram , PTK....

m.q.k said...

Medical officer in Sri Lanka war zone says 300,000 in the area


Dr.T.Sathiyamoorthy, Regional Director of Health of Kilinochchi district, in a media statement on Saturday March 28th said the overwhelming majority of the people from Kilinochchi and Mullithivu districts are still in Vanni.

He pointed out the different stakeholders have various figures on the exact population, but the neglected population is in urgent need of support from all relevant authorities.
Dr. Sathiyamoorthy said ground situation confirms the population in Vanni is more than 300,000. People from Mannar and Vavuniya North also moved to this area during the escalation of fighting during 2008.


Several independent reports have said the number of people in Vanni far exceeds the 70,000 being given out by the Government of Sri Lanka.

Tamil parliamentarians have said Sri Lanka is using lower figures in Vanni to continue using “food as weapon”- to limit the amount of food, drinking water and medicine that is allowed to trickle into the area. UN officials have been giving out an estimate ranging from 150,000 to 200,000 people in the area.

Independent analysts point out Sri Lanka has been putting out unverified reports of higher number of people coming into the government held areas, in order to reap financial assistance from donor nations, amidst severe balance of payments issues threatening the financial stability of the nation. Also, human Rights organizations have been urging Sri Lanka to refrain from detaining Tamil civilians moving into the government administrated areas.

m.q.k said...
This comment has been removed by the author.
m.q.k said...
This comment has been removed by the author.
Pasidu said...

Hey Mates,
I think the SL stock market is quite safe to invest. I withdrew few investments in the UK stock markets and invested in the SL stock market after watching the following Bloomberg report

http://www.youtube. com/watch? v=iDdL3e- j1JQ

My investments are doing quite well. I don't think Mr. S.B Dissanayake has any business knowledge. He's a jerk like most of the UNP and Tamil politicians. These are the guys who totured innocent Tamils in 1983.

So, Things should be OK in SL and my recent visit to the island confirmed that.

Also...Some comments put by few of the guys looks quite filthy...bro's pls keep it low..Sri lankans have to do much more to bring the country up to the expected level and it will do as expected.

Upul said...

if you want to commit suicide like pasidu go and invest in lanka.

lanka asking for 4 billion loan (80% of 2009 budget) indicates its in deep financial do do. I won't be suprised if it declares bankruptcy next week.

Lalith Kuruwita said...

Hi Upul

LTTE will declare soon that it is bankrupt.

Lalith Kuruwita said...

Is that true that Nadesun with the family tried to escape by a boat to government control area, then was cought by LTTE anfd he & family has been put in LTTE's jail?

wijayapala said...

Dear Budhasinhala,

"lankan army tank destroyed.... 17 sla modas died in anandapuram , PTK...."

What an impressive accomplishment. Destroyed a single SLA tank- this will go down as a great milestone in the annals of Eelam history. One day Budhasinhala will tell his grandkiddies how Kilinochchi and Elephant Pass were lost but at least the Heroic Liberation Tigers destroyed a tank to retrieve Eelam pride.

wijayapala said...

Where's Peter Ratnadurai, the Eelamoid privileged with a single brain cell?

Has he abandoned the ithayabhoomi and adopted DW as his new homeland???

wijayapala said...

"Director of VIT was a brother-in-law of mine.
Funniest part is that VIT Director isn't even in Vanni.
"

Sounds like a pretty worthless Director- how is Peter's brother-in-law going to direct anything while cowering in another country???

wijayapala said...

Waiting for Peter's aunty to reassure us that Mullaitivu had never been taken by 59th Division, or for his second cousin twice-removed to insist that the Tiger flag still flies over Kilinochchi, or his uncle's grandson's former roommate to laugh about SLA's claim of taking Elephant Pass.

wijayapala said...

5 Tamil youths arrested in Tangalle
Chilaw police arrest 13 Tamil civilians
257 Tamils arrested in outskirts of Colombo
4 Tamils arrested in Katunayake
Tamil civilian arrested in Borella

Any of these Peter's relatives? I'll be happy to contribute for bail.

Upul said...

Breaking news, nearly 200 indian soldiers killed in vanni operations against ltte.
source :www.tamilwin.com

tharu22 said...

Upul,
I'm glad that you guys at least have a website where 'Tamilswin'.
Really proud of your accomplishments!
LMOA

Reality said...

hehe, funny, Pleaham is a heaven,