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Archive for May, 2010|Monthly archive page

President Rajapaksa Interviewed By AlJazeera, 101 East

In development, Economy, magerata, magerata video, Politics, Reconciliation on May 29, 2010 at 9:49 am
President of Sri Lanka, Mahinda Rajapaksa

President of Sri Lanka, Mahinda Rajapaksa

I am glad that President Rajapaksa decided to present himself to the world through the interview. It is the first international since the defeat of Terrorists. 101 East aslo discussed about the future of Sri Lanka.

Enjoy the video;

Indi does a better job of explaining

Minister of External Affairs, Prof. G. L. Peiris Speaks With USA’s Center for Strategic and International Studies (CSIS)

In development, magerata, Politics, Reconciliation on May 28, 2010 at 8:59 am

Minister of External Affairs, Prof. G. L. Peiris met with CSIS, A Washington based think tank specializing in foreign affairs and security issues. The CSIS consists of distinguished members of the society and includes many former government officials. The meeting  Prof. G. L. Peiris attended was moderated by one such official, Teresita Schaffer, a former U.S. ambassador to Sri Lanka.

Dr. Peiris then went on to explain the current situation of Sri Lanka, the confidence of people and the political stability that we have not seen for decades. All this have lifted the mood of the country and its people.

“we have achieved a great deal in an extremely short period. I think Sri Lanka has to be given due credit for this achievement.” said the Minister refering to the  reconstruction and rehabilitation in the North and East of the country. “We have shed the over-powering constraints that have inhibited any kind of development. Hotels are a coming back. Companies are putting up factories in Trincomalee and Kilinochchi.” said the Minister.

Dr. Peiris mentioned that the ICG never provided a copy of the report to Sri Lankan Government in advance. The report it self  is a collection of allegations and accounts from unnamed sources. He also mentioned that the United Nations Human Rights Council debated these matters for three days, and concluded that it would not take action.

Dr. Peiris also discussed possible changes to Sri Lanka’s constitution, including the establishment of a bicameral legislature and amendments to the electoral system.

Minister also met with Rep. Howard Berman, who chairs the House of Representatives Committee on Foreign Affairs, as well as Rep. Nita Lowey (D-NY), the Chairwoman of the Subcommittee on State, Foreign Operations and Related Programs of the House Committee on Appropriations. The Members of the Congress were updated about the nation’s unprecedented economic development and process of reconciliation.

Dr. Peiris will meet with more members of the Congress and government officials and explain and educate them about the progress Sri Lanka is making and specially the the appointment of a Lessons Learned and Reconciliation Commission in Sri Lanka.

On May 10, the US ambassador to the United Nations, Susan Rice, welcomed Sri Lanka’s intention to establish a commission (Lessons Learned and Reconciliation Commission).

Source

Apple Overtakes Microsoft with Higher Market Cap

In magerata on May 28, 2010 at 3:27 am

Apple shares rose 1.8 percent today, Giving the silicon valley company a value of $227.1 billion. Whoa! But the big boy from the Redmond was not doing so well and Microsoft declined about 1 percent, giving the company a market capitalization of $226.3 billion.Even though both shares declined (M$ at$219.2 billion, Apple at $222.1 billion.), Apple held on to the top spot. Good grief Charlie Brown. imarket

Hope And Change Envelopes Sri Lanka, A Year Since Defeating Terrorism

In magerata, Politics, Sri Lankan Internet on May 26, 2010 at 10:11 pm

There were a bunch, numerically more than in a “lovely bunch of coconuts” that were published on Groundviews, to commemorate the the anniversary of the end of the war. There some good articles that actually wanted to bring a message to Sri Lankans but most of the others were “rinse repeat and deliver” type anti government propaganda. But it is good to see Sri Lankans being engaged. It was even funnier to see the comments that were left by authors of previous articles criticizing later articles, that were delivering the same message, for being redundant!.  Criticism itself is not bad if it was delivered correctly without having to settle to “my way or the high way” attitude. Then again, I am happy about every type of engagement, hoping that one day we will be able to live normally.

I was very happy with the end of the war, a year ago and nothing much has changed since then. But I expect to see more progress by the next anniversary.

But I am sure those articles will change at next anniversary, because we would have marched a long way by then and also much of the NGO funds would have dwindled because there is no need.

There are more authors, blogs and sites than Groundviews who write about the one year anniversary. One really moving for me was an article on Perambara which was actually about people in the north of the country that made me pause a while on track. The other one I want to bring forth is the response by Minister of External Affairs, Prof. Gamini Laxman Peiris on the same occasion, One year after defeating terrorism. Minister wrote the following article that was published on Huffington Post of Tuesday 25 May 2010. It is again attracting all sort of comments from all sorts of people. Just one sentense summerises what the rest of the Sri Lanka feel;

‘We may not be able to bring all the former voices of the LTTE among Tamil expatriates to the table, but I hope we can bring the Tamil population with us, as an integral part of a united Sri Lankan people’.

I am publishing the complete article below.

A Year After Defeating Terrorism, Sri Lanka Embodies Hope and Change

Today is my first visit to Washington since my appointment as Sri Lanka’s Minister for External Affairs. My visit marks a point of progress for Sri Lanka, following a difficult period in our history, one year on from the end of the Sri Lankan conflict.

After 26 years of conflict and daily acts of terror, we have witnessed our first year of peace. No-one who lived in Sri Lanka during the last thirty years would underestimate the magnitude of the change the country has undergone this past year nor the significance of our first anniversary of peace.

For almost three decades, the Liberation Tigers of Tamil Eelam (LTTE), a terrorist group banned in over thirty democracies worldwide, including here in the US, had held the people of the Northern and Eastern Provinces of Sri Lanka under their repressive control. Today, Sri Lankans can celebrate that the country will never have to face such internal conflict again. ‘Change’ and ‘hope’ are popular words in the modern political lexicon, but I cannot think of two words that better exemplify what is now occurring in our country.

We just had the first peacetime Presidential and Parliamentary elections where all Sri Lankans were able to exercise their vote freely, previously denied to many Tamil, Muslim and Sinhalese civilians in the North and East by the LTTE.

A year ago, Sri Lankans were unable to travel to the North and lived under the intimidation by the LTTE. One year on, the key A-9 artery road linking the North and the South of the country is once again throbbing with life and activity, reflecting the resumption of commercial and human contact with the North.

Internally displaced people have been returned to their homes as the land has been cleared of mines and infrastructure restored. A rich rice harvest will be produced from agricultural lands that had been indiscriminately mined by the LTTE. Companies from a diverse range of sectors from food processing, plastics and glass recycling, garments to ready-mix concrete are looking to establish a presence in the in the former conflict zones. The banking sector is flourishing, with several international names now operating in Jaffna, the capital of the North.

In the Eastern Province, the economy has been revitalised, with the investment of USD1.7bn. In this area, infrastructure has been restored, Tamils now form a bulk of the police force, all citizens participate in regional politics, employment is growing and tourism is thriving. In the North, we have initiated an accelerated programme of development, investing USD2.6bn over two years.

We are establishing a Commission to look at the lessons learnt from the conflict. The Commission will provide recommendations on actions that can be taken to boost reconstruction, rehabilitation and support reconciliation within Sri Lanka. President Rajapaksa has expressed his determination that no-one will be left behind in the new Sri Lanka, and the Commission will help achieve this important objective. We have a responsibility to ensure no future generation has to experience the anguish that we underwent during the last three decades.

In our external affairs we are committed to an open multilateral framework based on the principle of mutual respect. To that end, Secretary Clinton’s message of congratulations and invitation to Washington when I assumed my role last month was warmly received. We look forward to many years of constructive engagement and dialogue with the United States as well as other Western nations.

But constructive engagement does not stop at a Government-to-Government level. I have instructed my embassies to engage with Tamil communities abroad, to boost dialogue within these communities and, we hope, improve understanding. We may not be able to bring all the former voices of the LTTE among Tamil expatriates to the table, but I hope we can bring the Tamil population with us, as an integral part of a united Sri Lankan people.

One year ago, Sri Lankans saw an end to terror, an end our people scarcely thought possible. A year on, our people are embracing the opportunities it brings. We are making steady progress. I believe the painful shared memories of the past era of terror will drive our country on to many more years of peace and prosperity. We welcome international support and assistance as we work towards this enduring goal.

New Song Of MiliBanda And The Labour Party Of UK, “We Wont Be Here Tomorrow”

In magerata, Politics on May 24, 2010 at 1:16 am

Milibanda Banana millibandanana

Apologies to REVERE

Bella Louise, ICG (International Crisis Generation Company), A Business of Selling Peace And Sri Lanka.

In magerata on May 23, 2010 at 10:40 am

IGC Sex Pistol

Bella Louise’ International Crisis Generation (ICG)company has generated pretty good crisis in Sri Lanka that is circulating around the world today. Of course the report is unbiased to the hilt, filled with factual intelligence, NOT.

It is just a sorry report to show ICG’s accountants and auditors the extend of work they are doing. They really do not mind selling a little country like Sri Lanka for it.

What ever the case is, it is sad to see someone who had led landmark inquiry into the abuse of women prisoners at Kingston penitentiary, who was the chief prosecutor from 1996 to 1999 for the UN war crimes tribunals for Rwanda and the former Yugoslavia, who indicted Slobodan Milosevic, even overruled NATO generals who did not want to arrest war criminals, and forced the investigation of mass graves containing Serb victims, now have succumb to heresy and leading a company that seem to be in a business of selling peace.

But instead of me lamenting with my broken English, let me direct you to two well written articles about what two Sri Lankans think of / about your report.

ICG- Manufacturing Crisis

Preliminary Response to the ICG Report

“SELECTED WEEKLY ECONOMIC INDICATORS REPORT OF SRI LANKA” And Intellectual Bullcrap

In CENTRAL BANK OF SRI LANKA, development, Economy, magerata on May 23, 2010 at 8:12 am

WEEKLY ECONOMIC INDICATORS SRI LANKA

Part of SRI LANKAN WEEKLY ECONOMIC INDICATORS Report.

Central Bank Of Sri Lanka issues “SELECTED WEEKLY ECONOMIC INDICATORS” that reports the health of the country’s economy. While it may sound like some exotic economic buzz, average Sri Lankans will be able to leverage such information for their betterment. I do not see Groundviews or Perambara giving out these information. Grounviews is basically targeting the west and a certain crowd who are interested in Sri Lanka conflicts and perhaps profiteering from them to the tune of $11,000 per month for mid level staff at UNHCR. I wonder how many Sri Lankan kids could have gone to school with that money. Man Human Rights is such a good business. I guess they have less interest in these indicators. Perhaps positive indicators of Sri Lankan Economy might even reduce the importance of their news which is mostly intellectual crap demilitarization and human rights. First I read in wonderment but bow wonder whose rights they are fighting for. I am sure they can help Sri Lanka in many ways because there is a bunch of interesting and intelligent people over there. But they are just like bull tied to a pole, going round and round, trampling on their own bullcrap. I hope Indi turn to this direction and show that Sri Lanka in not what many people want it to be. Indi perhaps lost in his self discovery, his cats and pussies. But he seem to pull his head up these days. I am glad he wrote about ICG the crisis manufacturing company. Having said all these things, I do not hate anyone, I just do not agree with them. What prompeted me to say that is many Sri Lankan bloggers seem to hate or get very angry with whom they disagree, on either side.

Rajaratarala in his multiple blogs, sometime carry the farmers side of these indicators and the data. For an instance, it will be valuable for him to see the price points of rice in multiple locations and markets like;

Marandagahamula

Narahenpita Economic Centre

Dambulla Market

But I am sure as the time passes these information will begin to flow into to farmers hands through institutes like HorizonLanka and Wanni (who was recognized by World Economic Forums as a Young Global Leader) , an institute and a person who actually interested in bettering the knowledge and livelihood of far away villages. If he and his institute is to receive a fraction of the money that most NGO’s in the country enjoys today, Sri Lanka will be on a better path than it has been for last few years.

If one to read Wanni and his student blogs, you will learn about another side of human rights, that were violated by LTTE, abductions and killing of same Sri Lankan people.

I hope Sanjana and YATV will do more interview people like Wanni and his students, some of them even who lost family members were murdered by LTTE. If one wants to be transparent, it is not that hard.

In any case the aim of this article is to let the world and all regular Sri Lankans, including farmers, know that documents like these are produced by Sri Lanka regularly are available freely.

For instance the Weekly Economic Indicators carry following information in detail.

Exchange Rates
Interest Rates (%)
Bankwise- AWPR (Average Weighted Prime Lending Rate)
Government Securities Market
Buying and Selling prices of Treasury Bonds
Two way quotes for Treasury Bills
Money Market Activity – Volumes
Open Market Operations
Credit Cards *
Commercial Paper Issues (1)
Share Market
Money Supply (c)
Weekly change in Reserve Money
Average Wholesale Prices
Average Retail Prices
Marandagahamula
Narahenpita Economic Centre
Dambulla Market
Price Indices
Wage rate Indices
Agriculture Production
Industrial Production
Government Finance
Government Debt
External Finance
External Trade
Industrial Exports
Trade Indices *
Tourism
International Commodity Prices
Average Crude Oil Prices
Sri Lankan GDP
Employment

Sri Lanka Monetary Policy Review – May 2010, Policy Interest Rates Unchanged.

In CENTRAL BANK OF SRI LANKA, development, Economy, magerata on May 20, 2010 at 4:42 pm
Central Bank Of Sri Lanka’s Economic Research Department has released the “Sri Lanka’s Monetary Policy Review – May 2010″. The improvements on the supply chain have like the rice production in the past Maha season has dampened the price pressure. Colombo Price Index has fallen to 5.8% in April 2010. Private sector credit expansion was also noted. The Monetary Board decided to maintain the policy interest rates of the Central Bank unchanged.
As always you can verify the original “doc”ument here.
Press Release;
Monetary Policy Review – May 2010

Monetary Policy Review – May 2010

Inflation, as measured by the year-on-year change in the Colombo Consumers’ Price Index (base=2002) declined to 5.8 per cent in April 2010 while annual average inflation increased marginally to 3.4 per cent.  Price pressures in the economy have been dampened by improvements on the supply side, particularly the noteworthy performance in paddy production in the Maha season.  Prices of key commodities in the international markets also remain subdued, reducing price pressures in the near term.
Developments in the monetary sector have been encouraging. Credit obtained by the private sector, which contracted since April last year, on a year-on-year basis, has begun to improve and indicates a positive growth in March 2010.  This development is attributable to the easing of monetary policy as well as improving financial conditions and the resulting downward adjustment in market interest rates.  The gradual expansion in credit obtained by the private sector indicates the solidifying recovery in the economy.  Meanwhile, growth in broad money moderated to 17.1 per cent, year-on-year, by March 2010, from 18.6 per cent at end 2009.  Accordingly, broad money growth remains compatible with the levels targeted in the monetary programme announced at the beginning of the year.
Taking into consideration the above developments, the Monetary Board, at its meeting held on 19 May 2010, decided to maintain the policy interest rates of the Central Bank unchanged.
The release of the next regular statement on monetary policy will be on 16 June 2010.

Victory Week, Fly The Sri Lankan Flag Proudly.

In magerata on May 19, 2010 at 6:23 pm

Some are already arguing that the victory should not be celebrated. I simply ask why?  If it was good to celebrate WW II, why not the victory of most important war for modern Sri Lanka. But if you wish not to celebrate, that is fine with me, but do not come telling me not to.

Milibanda (Miliband) Begins Nailing His Boss, Gordon Brownriggs

In magerata, Politics on May 13, 2010 at 11:15 am

The  former Lord Governor General of Sri Lanka Milibanda (also Known As David Miliband) will take his Labour leadership bid on the road as he seeks to dethrone Gordon Brown who is bettter known as Gordon Brownriggs.

The  former Lord Governor General of Sri Lank who was also the former foreign secretary  announced that he is running for the job,  within 24 hours of Mr Brown’s resignation as the prime minister.

It Seems his lordship or more like lordshit wants to ask his voters why they turned away from Labour in their millions in last Thursday’s General Election. I wish our Prince Ranil Wickremesinghe take care of campaign fund accounting and do the same. There are hundreds who does not like Our Presidents accomplishments , may be he can ask them why didn’t they vote for him or his party.

Don’t fret too much about Milibanda because Ed Miliband, as well as Ed Balls (?) and Andy Burnham, are also on their way to bid for the same position. I wonder what Browriggs is thinking now.

“A good leader listens as well as leads, I will begin a conversation with members, MPs and trade unionists in the party, but also members of the general public, especially in seats we lost.”  Yes, Go suck an egg and leave my country alone.