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Sri Lanka India Society commemorates 74th Independence Day of Sri Lanka and the 73rd Republic Day of India

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From left: Guest of Honour Indian High Commissioner to Sri Lanka Gopal Baglay, Chief Guest Minister of Education Dinesh Gunawardena, and Sri Lanka India Society President Kishore Reddy

One of the oldest and largest friendship societies in Sri Lanka, the Sri Lanka India Society (SLIS) was established in 1949 with the focus on promoting the development and elevation of social and cultural relations and friendship between Sri Lankan and India.

The society’s mission to strengthen neighbouring ties is fortified via many events and activities to further the relationship built over the many years. In upholding the roots of the society and its cultures, Kishore Reddy, who is held in high esteem in both countries, has undertaken the leadership from Rohan Tudawe, an outgoing past president.

On the note of upholding shared history, recent events highlight both Sri Lanka and India entering into their 75th year as independent countries. To honour this feat, the society commemorated a dinner to toast to both great countries.

Inaugurating this special evening, Chief Guest Dinesh Gunawardena, Minister of Education, and Guest of Honour His Gopal Baglay, High Commissioner of India in Sri Lanka, amongst many dignitaries, were invited to be a part of the cultural co-operation that emphasized the importance of the bilateral relationship.

During the event, High Commissioner Baglay highlighted diverse elements of deep-rooted, centuries-old ties between the peoples of India and Sri Lanka in his remarks. He specifically noted the shared passion for cricket between the two countries in the present times. He was also appreciative about the initiatives undertaken by organisations like the Sri Lanka India Society in strengthening the people to people bonds. High Commissioner Baglay also mentioned that Sri Lanka and India are children of the same ancient culture and both countries have common cultural relationship and India will always be of assistance whenever Sri Lanka needs India’s help.

In appreciating the encouragement and guidance towards the society, Kishore Reddy, President of SLIS, expressed: “I believe people-to-people relations and cultural links constitute one of the cardinal pillars of our relationship. This way forward will lead to the cross-pollination of thoughts and ideas, and the sharing of knowledge will nurture diversity and common prosperity. I thank the assistance received from the High Commission of India in Sri Lanka, the Swami Vivekananda Cultural Center, and His Excellency. At the same time, I owe my thanks to the Honorable Dinesh Gunawardena and the Ministry of Education for identifying young talent across the island to promote cultural relationships with interactive events.”

SLIS, which has more than 800 life members consisting of both Sri Lankan and Indian nationals, has been working closely with the Office of the Indian High Commission in Sri Lanka. The presidents of the society in the recent past are Deshabandu Tilak De soyza, Deshamanya Ken Balendra, Chandra Shafter, Dr. Uvais Ahamed, Col. Harindran, Manik Pereira, Kandaiah Neelakandan, Kumar Nadesan, T.S. Prakash, and Rohan Tudawe.

The office bearers of the society for 2021/22 are President Kishore Reddy; Vice Presidents Renganathan, Dr. A Kandasamy, and Deshabandu Jaykumar; Secretary Kailasapillai; Asst. Secretary Chaturi Ranasinghe; Treasurer Saravanan Neelakandan; Asst. Treasurer S. Shameer; and Editor Sumit Law. In addition, another 14 Sri Lankan and 10 Indian members also serve in the Executive Committee.



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Sri Lanka’s economic confidence index plummets

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‘No one has rated Sri Lanka’s economic condition as excellent. 1.8 % rated it as good and 1.3 % rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022, a wide ranging Verite Research public opinion survey reveals.

Key findings of the survey:

Government approval rating drops from 10% to 3%

The second round of the Gallup Style “Mood of the Nation” poll was conducted in June by Verité Research. It assessed the approval, satisfaction, and confidence of the nation in relation to the government, the country, and the economy.

The poll was conducted as a part of the syndicated survey instrument by Verité Research. This instrument also provides other organisations the opportunity to survey the sentiments of Sri Lanka.

1. Government approval rating | 3% | To the question, “Do you approve or disapprove of the way the current government is working?” only 3% said they approve. In January 2022 this rating was at 10%.

2. Sri Lanka satisfaction | 2% | To the question, “In general, are you satisfied or dissatisfied with the way things are going in Sri Lanka?” only 2% said they were satisfied. This rating was at 6% in January 2022.

3. Economic confidence | negative (-) 96 | Multiple choice questions on the condition and trajectory of the economy are used to generate an economic confidence score. The score can range from negative (-) 100 to positive (+) 100. A score above zero means more people see the economic conditions positively rather than negatively. If everyone thinks the economy is in either excellent or good condition, and everyone also thinks it is getting better, the score will be (+) 10. If everyone thinks that the economy is in a poor condition, and everyone also thinks it is getting worse, the score will be a (-) 100. No one rated the economic condition as excellent. 1.8% rated it as good; and 1.3% rated it as getting better. The resulting score was a (-) 96. This rating was (-) 83 in January 2022.

Implementation of “Mood of

the Nation”

The poll is based on an island wide nationally representative sample of responses from 1,052 Sri Lankan adults, conducted in June 2022. The sample and methodology was designed to ensure a maximum error margin of under 3% at a 95% confidence interval. The polling partner was Vanguard Survey (Pvt) Ltd.

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Decline in share market in the wake of rate hike reports

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By Hiran H.Senewiratne

CSE trading activities began on a positive note yesterday but during the latter part of the day the market experienced a dip on account of the overall supply chain economy being subjected to a contraction, stemming from the fuel crisis. Consequently, CSE activities were relatively low keyed, market analysts said.

“We are reverting to the negative. There is uncertainty on all fronts, from the political to the economic. Therefore, we are expecting a rate hike on Thursday. This is creating a bit of a cloud and we may see this continuing further, a top market analyst said.

Even if top level decision- making is happening in Sri Lanka the impact is not felt at the grassroots level. This has resulted in unrest in the country, the analyst said.

Amid those developments, both indices moved downwards. The All- Share Price Index went down by 97.9 points and S and P SL20 declined by 34.3 points. Turnover stood at Rs 1.3 billion with one crossing. The crossing was reported in JKH, which crossed 600,000 shares to the tune of Rs 73.2 million, its shares traded at Rs 122.

In the retail market, the top seven companies that mainly contributed to the turnover were; Lanka IOC Rs 611 million (7.3 million shares traded), Expolanka Holdings Rs 173.9 million (one million shares traded). LOLC Holdings Rs 47.4 million (120,000 sha4es traded), Hayleys PLC Rs 46.5 million (697.000 shares traded), Browns Investments Rs 46.3 million (6.4 million shares traded), JKH Rs 21 million (173,000 shares traded) and Softlogic Holdings Rs 20.5 million (794,000 shares traded). During the day 109 million share volumes changed hands in 15000 transactions.

The International Monetary Fund said last Thursday its talks with crisis-hit Sri Lanka had been “constructive”, thereby raising hopes it would soon grant preliminary approval for a desperately needed financial support package, observers said.

Meanwhile, the Colombo Consumer Price index rose 54.6 per cent year-on-year in June against a 39.1 per cent rise in May, according to the Statistics Department.

Yesterday the US dollar rate was Rs 360.73, which is now being controlled due to the prudent fiscal and monetary policies of the Central Bank.

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Dialog Club vision members receive access to an exclusive screening of ‘Jurassic World Dominion’

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In a bold and breath-taking new global adventure, the epic conclusion to the Jurassic film franchise ‘Jurassic World Dominion’ hit theatres across the world on June 10. Just a day after its global premiere, Dialog Club Vision Red members and their loved ones received special access to an exclusive screening of the film at the Kandy City Centre Multiplex on June 11.

The explosive end to the Jurassic era sees two generations of the film’s franchise unite for the first time with Hollywood’s Chris Pratt and Bryce Dallas Howard joined by Oscar winner Laura Dern, Jeff Goldblum and Sam Neill. Dialog Club Vision members were some of the first to witness the utopian world where Dinosaurs and humans co-exist.

With the best interests of its members and their loved ones at heart, Dialog Club Vision continues to deliver a world of exclusivity and privileges such as personalized care, exclusive discounts and offers, lifestyle and entertainment events and more. To explore more exciting offers available for Dialog Club Vision members, and to learn more about Sri Lanka’s premier loyalty programme, customers can visit the MyDialog App or visit dialog.lk/club-vision

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