ketaki
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THATS A COPY OF MIG-21...AKA J-7---CHINA KA MAAL HAIMIG's
Never knew they operate them
THATS A COPY OF MIG-21...AKA J-7---CHINA KA MAAL HAIMIG's
Never knew they operate them
Now Srilanka now has only 4 billion $ in forex reserves
Sri Lanka 2021 May foreign reserves drop to US$4,018mn | EconomyNext
Sri Lanka's forex reserves dropped 452.6 million US dollars in May 2021 to 4,018.1 million US dollars, official data showed amid financial account pressure and the use of modern monetary theory.economynext.com
it’s ok mate, them going bankrupt is a much bigger problem to deal with.India extends USD 100 million Line of Credit to Sri Lanka for solar energy projects
"A glorious new chapter in the multi-faceted partnership between India and SriLanka! An agreement extending US$ 100 million Line of Credit to #lka for solar energy projects was exchanged today in the presence of Hon'ble President H E @GotabayaR @MFA_SriLanka @PresRajapaksa," Indian High...economictimes.indiatimes.com
They are demanding a billion dollar currency swap with India but they will sleep with China and call us names.
Sri Lanka asks India for new $1 billion currency swap facility, deferred debt repayment
Modi, Rajapaksa hold discussions on all economic projectswww.thehindubusinessline.com
Sri Lanka Repays $1 Billion Bond, Ending Default Threat
www.bloomberg.com
Their bond yields seems insanely high.
why so?it’s ok mate, them going bankrupt is a much bigger problem to deal with.
China will start same policy as used in Pakistan , investment for china centric interests , bullying your government , building chinese colonies and malls for their use , bullying your people , using your land for acting against us in our backyard .why so?
@Lonewolf has answered it above.why so?
Rajafaksa f"ckers have already ruined the country.. hope they won't have any chance by 2024.....China will start same policy as used in Pakistan , investment for china centric interests , bullying your government , building chinese colonies and malls for their use , bullying your people , using your land for acting against us in our backyard .
Basically making a pakistan out of you , too many investment with too little jobs
There was the burden of war dept. I think the gov. fell for thatA personal conspiracy of mine regarding China Sri Lanka port deal.
Sri Lanka took massive loans to build some chinese projects in their country knowing they have to pay the money back. Now individuals can be stupid enough to not calculate proper EMIs of the loan and how they will pay back, but a gov has many institutions at their disposal who do feasibility studies, economic studies, etc. before any such undertaking. They have clear idea of how much money they will generate and how they will payback.
So how Sri Lanka fell into China's debt trap?
My thinking is they didn't. As per my theory, Sri Lankan leaders had full understanding of what they were doing. They were selling their sovereignty for money but they can't do it publicly so they made deal with China in which they signed up for a loan that they knew they can't pay back so in return China took over their port as part of the deal. So Chinese got what they want and corrupt Sri Lankan leaders got money.
So it wasn't that chinese took advantage of gullible Sri Lanka but rather a deal of sovereignty in disguise by a corrupt leadership.
Couptaji talked lot of sense in this video. Analysis bang on except for his fascination with Kerala healthcare system.@HeinzGud
Is what coupta saying true?
usually when coupta gets this excited, it is not in India's self interest but rather some other major economy's interest.
At this point, I think it is important to keep SL afloat. Otherwise, the CCP will just stroll in, make up some Chinese name for Sri Lanka, pull a map out of its @$$ and claim that it was a part of some ping ping pong dynasty 800 years ago. And Rajapakse would just buckle under that pressure. Another province to China on our southern flanks is the last thing we need. Afghanistan is already Chinese domain in the subcontinent; we don't want that to happen.India extends USD 100 million Line of Credit to Sri Lanka for solar energy projects
"A glorious new chapter in the multi-faceted partnership between India and SriLanka! An agreement extending US$ 100 million Line of Credit to #lka for solar energy projects was exchanged today in the presence of Hon'ble President H E @GotabayaR @MFA_SriLanka @PresRajapaksa," Indian High...economictimes.indiatimes.com
They are demanding a billion dollar currency swap with India but they will sleep with China and call us names.
Sri Lanka asks India for new $1 billion currency swap facility, deferred debt repayment
Modi, Rajapaksa hold discussions on all economic projectswww.thehindubusinessline.com
Sri Lanka Repays $1 Billion Bond, Ending Default Threat
www.bloomberg.com
Their bond yields seems insanely high.
Sri Lanka with Chinese debt would end up just like Uganda: Ex-Army Commander Sarath Fonseka
This Fonseka guy has been at odds with the Rajapaksas for a long time. He was apparently asked to step down by Mahinda himself during his pre-Modi tenure, when China was their chaddi-buddy. But his analysis is spot-on.Colombo, Dec 1 (IANS): Sarath Fonseka, Sri Lanka's former Army Commander and Presidential candidate, has warned that Sri Lanka which has fallen into Chinas debt trap would end up like Uganda, which had to give away their only international airport to China.
Fonseka, who led Sri Lanka's three-decade long civil war against Liberation Tigers of Tamil Eelam rebels to victory in 2009, said this in a Facebook post titled "Sri Lanka is being engulfed in Chinese debt trap that destroyed Uganda".
Drawing a parallel between Uganda's airport and Chinese-funded new airport built in Hambantota in southern Sri Lanka, he added that going beyond the country's foreign diplomacy, it has been made a slave of one camp and also have worked to achieve political and military ambitions of another state, and thereby let the country lose it's integrity and sovereignty.
"Just as what happened during the Rajapaksa's regime, the corrupt political leaders of Uganda, ignoring the national plan and priorities, had gone on with the constructions with commercial loans at high interest rates that attract commissions," alleged Field Marshal Fonseka.
"Instead of developing the Colombo Harbour, Hambantota harbour which was not so important project, is now owned by China and it is being used as a naval corridor in the centre of the Indian Ocean," the former military leader said.
"Hambantota harbour is being looked at as a Chinese Naval base by India, the US and other Quad countries. This is a serious threat to Sri Lanka's security. We would be able to see the result of these idiotic decisions during the definite power struggle in the region within next 60 to 80 months."
The opposition MP, Fonseka, who said with the way how Chinese Ambassador is being reacted like a "mad man for the dirt ship", the future is very clear and we have to rectify this situation in the future.
wasn't Fonseka put in the jail on some flimsy charges by Rajapaksha?https://www.daijiworld.com/news/newsDisplay?newsID=899442
This Fonseka guy has been at odds with the Rajapaksas for a long time. He was apparently asked to step down by Mahinda himself during his pre-Modi tenure, when China was their chaddi-buddy. But his analysis is spot-on.
What are the chances that he is being encouraged by Doval himself? Fonseka would make a strong ally of India, though it might ruffle some political feathers of our Tamil brothers & sisters down south. After all, this guy led the LTTE war that caused some elements in the SL Army to commit warcrimes on innocent Tamil civilians.
Well, he is out and giving reports and statements like this. He is also a respected military figure in SL and people like him.wasn't Fonseka put in the jail on some flimsy charges by Rajapaksha?
Sri Lanka is going the Venezuela way; printing more money than what it is worth in terms of value is the first step to economic abyss.Looks like SL is getting into some trouble this year.
irresponsible policies.
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‘There is no money left’: Covid crisis leaves Sri Lanka on brink of bankruptcy
‘There is no money left’: Covid crisis leaves Sri Lanka on brink of bankruptcy
Half a million people have sunk into poverty since the pandemic struck, with rising costs forcing many to cut back on foodwww.theguardian.com
Record money printing in 2021 as Central Bank-held Treasury bill stock tops Rs.1.4tn
Record money printing in 2021 as Central Bank-held Treasury bill stock tops Rs.1.4tn - Breaking News | Daily Mirror
Among the records made last year—most of which didn’t necessarily bring in a sense of achievement—was the record phase at which money was printed, as the Central Bank, influenced by the Modern Monetary Theory (MMT), flooded the markets with liquidity to support the government bloat its fiscal...www.dailymirror.lk