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A memorable weekend Yasmin Cader



My first thought when I chose Haritha Villas and Spa to spend a weekend at was to experience sun, sea, sand and calm. However, while I was driven through paddy fields of Sri Lanka’s untouched natural landscapes, I was amazed at what I saw and was wondering where my final destination would be. Till suddenly, we approached these majestic gates which swung open spinning a breathtaking welcome as we drove in. There was the GM – Maxime Rachel, flanked by the Sales Director Fazal Zawahir and my Villa Master – Wasantha all of whom were hidden behind masks, but I could still feel their welcoming smiles and warmth! I knew then, I was in for a memorable experience!

Haritha Villas and Spa is a privately owned boutique hotel set in lush surroundings. For those who love the sea, the management has made arrangements with their compliments to take their guests to the Riff hotel – just three minutes away to the stunning beach of Narigama.

I was guided to my villa which boasted a stunning view of tall trees, paddy fields and many varieties of lush foliage springing up wherever I looked. We sat on the sofas, chatting over a cup of freshly brewed Sri Lankan tea, after which, the Villa Master or personal butler Wasantha assigned to me walked me through the amenities provided. Each villa features an in-room check-in and SPA services, a personal butler, a private garden and dining area, a plunge pool and your own terrace with sofas. Room amenities include a minibar with a wine fridge, Illy espresso machine and tea-making facilities, a Bose Bluetooth sound speaker, IPad and Ophir toiletries. All the villas offer stunning views of the surrounding jungles and paddy fields.

I was told the owner of this luxury resort is Mr. Kostadin Tolev from Bulgaria who spent almost four years creating the beautiful spaces the resort boasts. While, the father of this truly unique and extraordinary architecture is Gary Fell- a world famous and multi-award winning architect from Bali (

It was evident that luxury and privacy are at the heart of the hotel’s design. Seven intimate one-bedroom contemporary villas, with rooftops covered in greenery, each with its own plunge pool are beautifully combined with two colonial mansions comprising two en-suite bedrooms and a common large swimming pool.

I opted to laze around under thick sun shades watching the sun go down instead of taking a dip in my own plunge pool. Listening to the sounds of the birds, I was quick to recognize many and happier still to see wild peacocks loitering along pathways like it was their own!

The six acre property has individual villas dotted around the terrain with two mansions where a large family could stay. Though every Villa has its own plunge pool, the mansions have their private lap pool, large dining spaces and more. Luxury beamed from all corners of each en-suite room, furnished with tailor-made high quality curtains, comfortable bed linen with herbal and organic toiletries placed in the bathrooms.

Executive Chef Gunasiri fondly known as Guna treated me to a world class dining experience despite me being vegetarian! He offered unique unscripted menus at the restaurant called The View interconnected to a lounge which could be converted to a meeting space as well. Adjacent to it, is a 20-meter long infinity swimming pool and a Pavilion named Sal-Sala. Chatting to him while he dished out an interesting rice and curry meal for lunch, and later during dinner which was a four course meal, he proudly told me about their “Farm to Table” philosophy – an ethos close to their heart.

As I walked around the property I noticed that in the rooftop of each villa, doing well were rich crops of lemongrass and leafy vegetables.

Meanwhile, I enjoyed Villa Master Wasantha’s assistance throughout my stay. He was a star! His simplicity and humbleness made him an outstanding team player and an absolute asset to the hotel. By dusk, having discreetly done a turndown service in the room, he multi-tasks taking on added responsibilities. He curates all the mocktails and cocktails for the guests at the bar with ingredients freshly picked from the herb garden, as he also is a qualified molecular mixologist which he mastered when he worked overseas!

After a simple but hearty late breakfast, and another stroll around the property, I headed home bidding farewell to the team who by then seemed like family to me!

In my opinion, Haritha Villas and Spa is the absolute and ultimate haven for a writer, or for someone like me to totally unwind and rejuvenate. All I can wish for them is for more guests to arrive in the near future to enjoy what they have on offer!

Haritha Villas and Spa is a fairly new and well-established property on the market in the area and considered as one of the most luxurious properties in the region. The endorsements and excellent reviews on Trip Advisor, and Expedia says it all.

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An all-party government can’t fix the problem quickly, Harsha tells foreign media



* IMF bailout is not coming any time soon

* Opposition is caught between a rock and a hard place

*  We have to fix the twin deficits

* Unless there is agreement across political parties, we can’t get it done

By Sanath Nanayakkare

Opposition Member of Parliament Dr. Harsha de Silva discussed the crises facing Sri Lanka with Bloomberg Market Asia recently where he said an all-party government would have legitimacy unlike the current administration and would give hope to the people of this country, but there is no guarantee that it can fix the problem quickly.

The interview he had with Bloomberg went as follows.

Q. How close is Sri Lanka to an IMF bailout?

The issue is not about an IMF bailout. It is about restructuring Sri Lanka’s debt. We have to restructure our debt with multiple parties such as official creditors, the republic of China, private creditors, international sovereign bond holders etc. So, unless we have either a debt restructuring deal or significant progress towards a restructuring deal, the IMF will not be able to release any money under an Extended Fund Facility even if there is a staff- level agreement any time soon.

Q. You are suggesting that the IMF bailout is not coming any time soon. How will that play out in the economy?

We have hired Lazard’s and Clifford Chance to help us deal with debt restructuring. They have not really started negotiating, and already one creditor- Hamilton Reserve Bank Ltd has filed a suit in a New York federal court against the government of Sri Lanka asking for its full payment of USD 250 million due on 25th July because we have a debt standstill. ‘Significant progress’ [perhaps referring to a term in the IMF end-of-mission statement regarding the outcome of the talks in Sri Lanka] is a subjective term. The IMF is not able to lend to us. So I am thinking perhaps this is going to take at least 5-6 months before any money would start to flow in.

Q. The economic crisis is turning into a political one. What is the Opposition doing right now to perhaps take the reins of power and make things better? What would you do if you were in power and what you want to be doing because the Opposition is going to be blamed for all hardships that are going to ensue from here?

Yes, we are caught between a rock and a hard place here. What the Opposition is going to do is try and get all Opposition parties together, which I hope will happen this week. The President isn’t willing to budge despite protests across the country asking him to step down. If that happens, it’s quite possible that an all-party government can take over and start running the country. There is no guarantee that an all-party government can fix the problem quickly, but at least there will be hope that there’s a government with legitimacy both internally and externally because right now there seems to be no legitimacy for this government. That’s what we are trying to do right now.

Q. So you like to see a government of national unity but the thing is; you will not get that for the time being. So what do you think should be at the top of the economic agenda to get things going? For instance; inflation is running at almost hyper-inflation level while there’s no fuel. It sounds like a terrible situation.

Yes, this is totally unprecedented. You know until recently Sri Lanka was an upper middle income country and today we have suddenly crashed to the bottom. For us, this is unbelievable. But in a way it was expected because over a long period of time economic reforms were postponed and postponed and postponed, and we were living beyond our means. The real breakdown happened when the President cut taxes and now we are running a massive hole in our fiscal budget and also a big hole in our current account and our Balance of Payments (BOP). We have to fix this. Without fixing these two things there is no way out. So the parliament will have to agree on undertaking large fiscal consolidation measures such as increasing taxes, rationalising subsidies/expenses and so on. So unless there is agreement across political parties, we can’t get it done and there is going to be a very difficult time negotiating the debt. Unless our debt is negotiated, we are not able to get money from the IMF. We are waiting for friendly countries and neighbours to help us but it won’t take us far.

Q. How is the Opposition assessing the proposed constitutional changes? Is it willing to vote for these reforms in parliament?

We are extremely disappointed. The President said on May 11 that he would take the country back to 19th Amendment which meant that powers he grabbed from parliament in 2020 would be restored to parliament. That’s what the people wanted because he himself admitted in public that he has not been successful in managing the country. People wanted that power to be restored to parliament and to democratise the country, but the President is not going to do that in the proposed 22nd Amendment. So we are disappointed. We want the new amendment to go through, but not this way. It should be done in the way it was pledged.

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PM’s rising debt ratio statement hits share market; CSE drops by over 1 per cent



By Hiran H.Senewiratne

The CSE dropped by over 1 per cent within the first hour of trading yesterday in the wake of selling pressure from local and foreign investors stemming from the country’s prevailing political and social uncertainties. The pall of gloom over the market was compounded by a statement in parliament by Prime Minister Ranil Wickremesinghe to the effect that Sri Lanka’s debt has shot up to 140 per cent of its gross domestic product.

Prime Minister Wickremesinghe said that Sri Lanka is making progress towards a 4- year Extended Fund Facility with the International Monetary Fund. “With the IMF we hope to reduce it (debt) to 95 per cent of GDP by 2032, Wickremesinghe said.

Sri Lanka’s government debt which was Rs17,580 billion by end 2021 rose to Rs21,969 billion in March 2022, he added.

Stock analysts said that Sri Lanka’s economic uncertainties are bound to be compounded by a potential global economic recession that would likely affect the US and Europe.

Amid those developments both indices showed a downward trend. The All- Share Price Index went down by 120.9 points and S and P SL20 declined by 55.6 points. Turnover stood at Rs 916 million, without any crossings.

In the retail market, top seven companies that mainly contributed to the turnover were, Lanka IOC Rs 330 million (four million shares traded), Expolanka Holdings Rs 121 million (740,000 shares traded), LOLC Holdings Rs 54.7 million (142,000 shares traded), Browns Investments Rs 47.3 million (6.8 million shares traded), HNB Rs 36.6 million (459,000 shares traded), Elpitiya Plantations Rs 26.2 million (334,000 shares traded) and LOLC Finance Rs 23.3 million (3.7 million shares traded). During the day 52.5 million share volumes changed hands in 15000 share transactions.

Yesterday the Central Bank announced the US dollar rate. Its buying rate was Rs 355.95 and the selling rate Rs 367.29.

A guidance peg announced by the Central Bank for interbank transactions was steady at Rs 359.79 against the US dollar unchanged from a day earlier. On July 04, the guidance peg rate dropped 24 cents to Rs 359.79 against the US dollar.

Sri Lanka commercial banks offered dollars for telegraphic transfers at rates between Rs 366.79 and Rs 370.00 for small transactions yesterday, unchanged from the previous day.

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SLT-MOBITEL debuts ‘Traverse’ – Sri Lanka’s first Virtual City



A vibrant marketplace for the digital economy

Recognising the strategic value of leveraging disruptive technologies and harnessing service offerings from a diverse supplier base, SLT-MOBITEL, the National ICT Solutions Provider debuted ‘Traverse’, Sri Lanka’s first Virtual City at the ‘Wyawasaya-2022’ Trade and Educational Exhibition held recently.

Fashioned as a city of the future, Traverse will function integrating physical and digital experiences, operating in the metaverse with matchless potential for global and borderless collaboration.

‘Traverse’ aims to provide remarkable opportunities for growth and a platform for innovation while helping Sri Lankan businesses to increase their relevance and value in the fast-expanding digital economy.

The rapid evolution of emerging and exciting technologies such as virtual reality, virtual marketplaces, digital assets and non-fungible tokens, or NFTs is providing an effective platform to deliver unique consumer experiences and drive local economic growth.

‘Traverse’ will include a shopping complex, Banks, Virtual exhibition Centre, Film Hall, Gaming zone, Government e-counters, Art gallery, etc. Business owners can purchase or rent business assets from the categories available in the virtual marketspace based on their requirements.

Adding greater value for the local business community, the Virtual City will help businesses unlock strategic partnerships and boost profitability through untapped revenue streams. Moreover, local businesses will be able to reach global audiences through cost-effective, scalable, and measurable techniques that require low investment and reduced maintenance costs. An added advantage of the Virtual City is creating a global marketplace for Sri Lankan products and services.

Recognised as a true differentiator steering digital transformation, SLT-MOBITEL is driving the country’s first experience of a virtual city by creating a crowded environment. Benefits include long-lasting exposure to an expansive market, facilitating real-time conversation using webinars and live chats, easy access on all platforms, flexibility to promote offerings together with access to trending analytics.

Unveiling the Virtual City, highlights SLT-MOBITEL’s role as an agile, innovative and digital-first provider of services, creating a dynamic roadmap with disruptive technologies driving the country’s first virtual marketplace forward.

SLT-MOBITEL invites stakeholders to collaborate and partner in this unique virtual space. For more details on ‘Traverse’ contact the hotline on 0112 389 389, WhatsApp 070 500 4000 or email: / Web:

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