Category Archives: export issues

April 30, 2024 · 1:18 am

Market Competition. Double Standards in USA … by … USA

Allesandra Galloni & David Lawler,  whose chosen title runs thus: “Nothing off the table in US response to China overcapacity, Yellen says”… 26 April 2024

1/3]U.S. Treasury Secretary Janet Yellen attends an interview with Reuters Editor in Chief Alessandra Galloni in Washington, U.S., April 25, 2024. REUTERS/Evelyn Hockstein Purchase Licensing Rights, opens new tab
The Biden administration is not taking any options off the table to respond to China’s excess industrial capacity, which is a top concern for the U.S. and its allies, U.S. Treasury Secretary Janet Yellen told Reuters on Thursday.
China exporting its way to full employment is not acceptable to the rest of the world, Yellen said in a Reuters Next interview in Washington.
Yellen said that during her trip to China earlier this month, she was “successful” in raising U.S. concerns with Chinese officials about Beijing flooding global markets with electric vehicles (EVs), solar panels and other clean energy goods, threatening U.S. jobs. She added that Chinese officials acknowledge a problem with industrial overcapacity, but they needs to address it. Continue reading →

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September 22, 2023 · 9:11 pm

Liyanage in Conversation & Correspondence with NM Perera

Sumanasiri Liyanage, in Colombo Telegraph, 21 January 2022…. with highlighting imposed by The Editor, Thuppahi

At my age an uninterrupted sleep is a luxury. My prostate wakes me up at least two to three time. Hence, it is hard to distinguish dreams from imaginations. It was almost 1 am, I just finished my first lap of deep sleep when I heard knocking at my front door. “Who the hell at this time of the hour” I came out of the bed grumbling. I opened the door and I couldn’t believe my eyes. It was Dr NM Perera. “Comrade, at this time of the day” Astonished I asked even not inviting him to come in.

“May I come in” he asked, “it’s a bit chilly outside”. “Please do comrade and take a sit”. “May I make a cup of tea for you.” Having felt guilty, I asked apologetically. “Yes, it would be nice to have a hot cup of tea in a chilly morning like this. But no sugar. We must leave sugar only for kids.” He said making his beautiful laugh. I prepared him a mug of tea with no sugar but with Highland fresh milk.

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August 17, 2022 · 1:40 pm

China lands on the Moon in Hambantota

Fair Dinkum, with the highlighting being her/his emphasis not The Editor’s 

Captain Zhang Hogwang of China’s research and survey vessel, the Yuan Wang 5, waves after disembarking from the ship upon arrival at Hambantota port on August 16, 2022. Photo: VCG

The docking of the Chinese research vessel Yuan Wang 5 at Hambantota port was a momentous occasion in the history of Sri Lanka, having gained global attention like it was the first moon landing.  All of this attention is due to the unnecessary meddling into Sri Lanka’s internal affairs by India and the United States.

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August 3, 2022 · 3:02 pm

Indrajit: Sri Lanka between Abyss and Quicksand

Karan Thapar, in article headed “ “If Ranil Doesn’t Take Tough Steps, Sri Lanka Economy Could Fall into Abyss: Former Central Bank Head”

Indrajit Coomaraswamy identified four critical steps that the government must immediately start to implement as the first stage of restoring the economy to better health.

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July 29, 2022 · 12:37 am

“Ceylon” = A Superior Brand to “Sri Lanka”?

Denzel Perera in Sunday Times, where the title runs thus: “Destination Branding – Sri Lanka or Ceylon?

Sri Lanka was always known as Ceylon and the people of Sri Lanka were known as Ceylonese in the pre-independent era. Sandy beaches, wildlife, hills in the central region, archaeological sites, etc. have given Sri Lanka much more than needed to convert this paradise island into the most sought-after tourist destination. However, there seems to be a fundamental mistake that was done in changing the name of this paradise island from Ceylon to Sri Lanka. Today, our country has Ceylon Tea, Ceylon Cinnamon, Etc. which are unparallel and world-class in their quality. The term Ceylon is generally considered archaic, having been replaced by Sri Lanka, but it is still used in some contexts. At the same time, we are spending a colossal amount of money on establishing brands such as Sri Lankan Airlines, Sri Lankan Cricket, and Sri Lanka as a tourist destination.

 

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July 25, 2022 · 2:57 pm

China’s Way in Africa … and The Success Story in Rwanda

This Video Presentation is an Eye-Opener. It was sent to me recently by Sanath Jayatilaka (who is in Sri Lanka). I do not know whose voice and politics is behind the pitch. It is presented here in Thuppahi so that more information can be elicited  …. including challenges and/or confirmationsre the specific claims. Michael Roberts

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July 22, 2022 · 12:31 am

Sri Lanka’s Central Bank under the Spotlight

Chandrasena Maliyadde, in Daily Ft, 20 July 2022, with this title “Central Bank, its independence and us”

An expert panel discussion on ‘Surviving the Current Economic Crisis: Ex-Central Bankers in Dialogue’ was held in early June. Some speakers stressed that the need of the hour is an independent Central Bank (CBSL). But its relevance or impact on surviving the current economic crisis was not spelt out. Maybe we ignorant laymen could not understand. Perhaps independence may be for the survival of the Central Bank and its officers who spend time in aiconditioned rooms away from the crisis.

Former Central Bank Governors: Nandalal Weerasinghe, Ajith Cabraal &  WD Lakshman

 

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June 19, 2022 · 6:13 pm

The Exploitative World Economic Order: A Revealing Nutshell from Jeffrey Sachs

Jeffrey D. Sachs is a world-renowned economics professor, bestselling author, innovative educator, and global leader in sustainable development…. (https://www.jeffsachs.org/).

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May 17, 2022 · 7:46 pm

Big Power Manoeuvres in and around Sri Lanka: The Bandarage Essay

Mr C .… an orignal piece for Thuppahi** … with highlighting being the work of The Editor, Thuppahi

I found Asoka Bandarage’s essay was okay, but it suffers from a few argumentative flaws I will discuss in this article.  The writer has made many claims. Some of these I agree with. Her main argument comes towards the end of the article which may be summarized as follows: Sri Lanka must avoid being exploited by foreign powers or caught up in geopolitical adventures played out between India, China and the US – a goal which it can achieve by creating food and energy security for itself by exploiting natural resources, and she mentions an area of Sri Lanka containing oil and gas resources. We know Sri Lanka is a fertile land and can easily sustain rice and food crops, if managed properly.

 

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May 16, 2022 · 11:35 am

Neo-Colonial Modalities Overwhelming Sri Lanka

Asoka Bandarage, in The Island, 16 May 2022, with this title “Sri Lanka: Debt crisis, neocolonialism and geopolitical rivalry” …. with highlighting in blue being impositions from The Editor, Thuppahi

Sri Lanka is in the throes of an unprecedented economic crisis. Faced with a shortage of foreign exchange and defaulting on its foreign debt repayment, the country is unable to pay for its food, fuel, medicine, and other basic necessities. Notwithstanding the austerities that would be entailed, a bailout by the International Monetary Fund (IMF) has been accepted as the only way out of the dire economic situation.Opposition political parties, and citizens across the country, blame the Rajapaksa government’s widespread corruption and mismanagement for the crisis, and demand that the President and the Parliament resign. The Prime Minister Mahinda Rajapaksa did so on 09 May 2022. However, the protesters at Galle Face Green, and elsewhere, have not been able to put forward an alternative leadership or a viable road map for the future. The country remains mired in confusion, chaos and a highly volatile political impasse.

 

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