Category Archives: China and Chinese influences

Is the Resounding Silence of the Western Powers Today a Meaningful Pointer to the Recent Past?

J. Natasha Gooneratne, in Island, 14 February 2018, where the title is “Yahapalanaya and silence of international community”.Note that the highlighting has been imposed by The Editor, Thuppahi

Does the international community’s silence during the rule of Yahapalanaya mean Sri Lanka is finally on the ‘right’ path, or that we’re finally doing what we’re told to do!!!

Mangala Samaraweera at UN, 2015– http://dbsjeyaraj.com/dbsj/archives/39111

From 2009 to 2014, Sri Lanka was so heavily featured in international news and foreign government feeds that it was impossible to ignore. From the US led resolution, submitted to the UNHRC, to opinions on how the former government leaders should be tried in international courts (one American journalist even explained how the former Defense Secretary could be taken out of Sri Lanka and be tried in a US court in order to remove impediments toward Yahapalanaya rule), to unsubstantiated claims about corruption, the international community seemed to only want to take out the Rajapaksa-led government, whether they had proof or not of what they were writing about. Continue reading

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Is Sri Lanka creating A Dungeon for Itself?

Kalinga Seneviratne 4 February 2018 with this title  “Sri Lanka Celebrating Independence In Chains Of Its Own Making” at https://www.linkedin.com/pulse/sri-lanka-celebrating-independence-chains-its-own-kalinga-seneviratne/

While Sri Lanka “celebrates” 70 years of independence from British colonial rule this month, its sovereignty is being threatened as never before since gaining independence in 1948 – tempting one to remark that Sri Lanka is celebrating ‘independence in chains’. The strategically placed Indian ocean island is an important lynchpin in China’s Belt and Road Initiative (BRI) which western powers – especially the United States and Britain – are keen to sabotage as its success would end their hegemony in the Indo-Pacific region and beyond.

 Sri Lanka troop transport catamaran in 2004-wikiemedia Commons

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Lanka’s External Debt: 2010 and 2016 in Comparison …. There is no Chinese Gonibilla Monster

Nishan de Mel of VERITE RESEARCH

“There is a tendency for discussion on Sri Lanka’s economy to overstate its dependence on China. It is important to take a look at the numbers. In 2010 China’s part of Sri Lanka’s loan portfolio was 3%. By 2016 it had grown to 9%, with the 6% growth coming from the Chines EXIM Bank. This is less than the loan portfolio held by other bilaterals and multilaterals such as Japan and ADB. The largest growth during this period was in the loan portfolio held by international financial markets. In 2010 it was 30% and by 2016 it had increased to 44% of the loan portfolio.”

SO: one has to ponder this question — which elements and which media outlets have promoted and massaged the fears of China? and towards what goals? Editor, Thuppahi

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Roundtable Investment Forum with Sovereign Wealth Funds in Colombo

Island Report, 11 January 2018

Malik Samarawickrama, Minister of Development Strategies and International Trade opened a two day Roundtable Investment Forum with Sovereign Wealth Funds (SWFs) in Colombo yesterday under the patronage of the Prime Minister.

The Roundtable was an initiative by the minister following his visit to the Global Investment Forum in Dubai during November 2017 and is jointly hosted by the Central Bank of Sri Lanka and the Board of Investment. He met several of these Funds in Dubai and they were enthused by the potential of Sri Lanka as an investment destination. The fact that so many SWFs accepted the invitation to participate in the Roundtable at short notice was a validation of our nation’s value proposition and its increasing attractiveness due to the current economic policies under adoption, a press release said. Continue reading

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Geo-Political Power in the Human Rights ‘Órder’

Richard Falk, in Island, 28 December 2017, where the title is “Human rights, democracy & international liberalism””

The liberal exclusion of collective rights should be reviewed, and the tendency to gloss over the existence of poverty and gross inequality endemic in capitalist societies should be subjected to critical scrutiny. As well, the tendency of socialist or state-dominated societies to undervalue civil and political rights of individuals should be equally scrutinized.

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China blows its Own Trumpet: Progressive Innovative Production

VISIT https://mail.google.com/mail/u/0/#inbox/15fdeca0a9faaf25?projector=1

Scientists have been trying for decades to get rice to grow successfully in salty water VCG via Getty Images Continue reading

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Sri Lanka’s Economic Prospects reviewed by the Governor of Central Bank

 Dr. Indrajit Coomaraswamy, Governor, Central Bank of Sri Lanka, presenting the Gamani Corea Memorial Lecture on Monday, 6th November, 2017 at 5.00 p.m. at the BMICH , entitled“Towards a vibrant economy and prosperous country”

I -Introduction: The theme of my remarks this evening is going to be Towards a Vibrant Economy and Prosperous Country.  I intend to begin by trying to make the case that this is probably the most favourable set of circumstances Sri Lanka has enjoyed for over five or six decades. I then propose to talk about key paradigm shifts which have changed the landscape for policy-making; the frameworks that have been put in place for macroeconomic policy making; the growth model; the policies to strengthen the growth framework; and some of the Government’s major development programmes.  These are embedded in the Government’s Vision 2025 document.

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