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Parliament Election 2020 – Kaluthara – Panadura

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SJB opposes blanket privatisations

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… questions logic of selling cash cows like Telecom and Insurance

The SJB was opposed to the privatisation of profit-making government entities, Chief Opposition Whip, MP Lakshman Kiriella, said yesterday, in Colombo.Kiriella said that President Ranil Wickremesinghe had told The Economist magazine that they are thinking of privatising Sri Lanka Telecom and Sri Lanka Insurance.

“These are two institutions that make a profit. What is the point in privatising these?” he asked.

MP Kiriella said that they are not opposed to privatizing SriLankan Airlines, which has been making losses for years.

“We can talk about these things in Parliament. Even when we privatize loss making entities we have to take a number of things into consideration. What will happen to the workers? How will we compensate them? How will we re-skill them? We have to talk about these things openly before doing anything,” he said.

The Chief Opposition Whip said that one of the main reasons why people oppose privatization is because everything is done in secrecy.

“People wonder why things are hidden from them. We need to be open and transparent when we restructure,” he said.

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Asian Century will not happen if China and India could not join hands – Jaishankar

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Bangkok:External Affairs Minister S Jaishankar said on Thursday that the relationship between India and China is going through an “extremely difficult phase” after what Beijing has done at the border and emphasised that the Asian Century will not happen if the two neighbours could not join hands.

Jaishankar made the remarks while responding to a series of questions after delivering a lecture on ‘India’s Vision of the Indo-Pacific’ at the prestigious Chulalongkorn University.

Responding to a question, Jaishankar said that the Asian Century will happen when China and India come together but the Asian Century will be difficult to happen if India and China could not come together.

“At the moment (the India-China) relationship is going through an extremely difficult phase after what China did at the border,” he said.

Chinese and Indian troops are engaged in a prolonged standoff in Eastern Ladakh. The two sides have so far held 16 rounds of Corps Commander Level talks to resolve the standoff which erupted on May 5, 2020, following a violent clash in the Pangong lake areas.

“I think if India and China have to come together, there are many reasons to do so, not necessarily only Sri Lanka,” he said, adding that it is in India and China’s own interest to join hands.

“We very much hope that wisdom dawns on the Chinese side,” he said while replying to another question from the audience.

Jaishankar said India has done the best of its abilities to assist Sri Lanka. This year alone India has extended USD 3.8 billion of support to Sri Lanka, including line of credits and swap arrangements, he said.

Sri Lanka, a nation of 22 million, is in the midst of an unprecedented economic crisis that has led to severe shortages of fuel and other essentials. The Sri Lankan government is negotiating with the IMF for a bailout package.

“Any help we can give to Sri Lanka at the IMF that we will naturally do,” Jaishankar said.

On the issue of Rohingya refugees, he said the issue has been discussed with Bangladesh. “What matters for them is repatriation. We have been supportive of Bangladesh,” he said.Currently, Bangladesh is hosting more than 1 million Rohingya refugees, who fled Myanmar following a military operation against them a few years ago.

Responding to another question, Jaishankar dismissed criticism for importing discounted Russian oil, saying India is not the only oil importing country.The US and European nations have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on February 24.

India has raised oil imports from Russia after the Ukraine war despite criticism from the west and continues to engage with Moscow for business.Jaishankar, who arrived here on Tuesday, co-chaired the 9th India-Thailand Joint Commission Meeting with his Thai counterpart and Deputy Prime Minister Don Pramudwinai on Wednesday during which they discussed advancing bilateral contacts in political, economic, security and defence, connectivity and health domains. – NDTV

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Colombo District land value up by 17 percent in first half of this year

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The Colombo District land value increased by 17.0 percent during the first half of 2022, compared to the same period in 2021, the Central Bank has said.This is according to the Land Valuation Indicator (LVI) for the District.However, this shows a deceleration of the increasing trend observed in the second half of 2021, the Central Bank said.

“All sub-indicators of LVI, namely Residential LVI, Commercial LVI and Industrial LVI contributed to the overall increase. Industrial LVI recorded the highest annual increase of 20.6 percent, followed by Commercial LVI and Residential LVI,” the Central Bank said.

Per perch bare land prices are obtained from the Government Valuation Department on a semi-annual basis, the bank said in a statement.

The Land Price Index (LPI) compiled from 1998 to 2008 on an annual basis and from 2009 to 2017 on a semi-annual basis, covering 5 DS divisions in the Colombo District. Subsequently, from 2017 onwards, its geographical coverage was enhanced to represent all 13 DS divisions in the Colombo District.

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