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Monday September 25th, 2023

Sri Lanka govt leaders criticized over Facebook frame with national flag 

#GoHomeGota protest in front of Sri Lanka’s Presidential Secretariat

ECONOMYNEXT – Sri Lanka’s government politicians who have been asked to resign are under fire from frustrated protesters on social media after close allies of President Gotabaya Rajapaksa added the national flag on their Facebook profile frame.

Sri Lanka’s economic crisis has now turned into a political crisis after a March 31 protest turned violent near President Rajapaksa’s private residence followed by people defying his curfew order despite State of Emergency and social media ban.

In solidarity with protests against the government for its economic mismanagement, thousands of Sri Lankans added a Facebook frame to their profile picture with the national flag.

On April 6, a sleuth of government ministers including the President and the Prime Ministers have added the frame to their Facebook profiles too.

This frame has also been a significant association with the protest slogan #GoHomeGota, a slogan made popular on social media platforms before the protests grew on a mass scale on March 31.

Protests have spread across the country and political analysts say the agitations are intensifying.

Sri Lankan Facebook users responded negatively to Rajapaksa and his close allies’ move to include the national frame.

Prime Minister Mahinda Rajapaksa, the most popular leader Sri Lanka has ever had, got over 15,000 laugh reactions and 7,700 angry reactions to his picture with many commenting “Rest in Peace”.

His son Namal Rajapaksa, the country’s Sports, Youth and Digital technology minister was cursed for ruining and looting the country.

A comment from Raveesha Sathsarani said, “This is our national flag!!!. Don’t steal even it and save it for us. They have taken people’s pain and hard work as a joke. �� ��
#gohomerajapaksas #GotaGoHome2022 #GoHomeGota #SaveSriLanka.”

Dishan Rajarathnam in his comment said “We are fighting against the most corrupted family in SriLanka ������”

Manomi Jayawardena: “ජාතික කොඩියවත් ඉතුරු කලොත් නේද හොද….(Wouldn’t it be better to leave at least the national flag….)

Kasun Bandara Weerakoon: “Go when you are told to go…. And there are more… I’m done with you people….. There is no point in trying again……. The few who took advantage are struggling… But the majority of the country doesn’t like you….. Go away without any more sins…… It’s hard to live….. This is more than enough…… Don’s destroy our future any more…….”

(යන්ට කිව්වම පලයංකෝ….තවත් ඉන්නෙ…උබල මිනිසුන්ට එපාවෙලා ඉවරයි…..ආයෙ
දැගලුවට වැඩක් නෑ…….වාසිගත්ත ටික දෙනෙක් දගලයි…ඒත් උබලට රටේ බහුතරයක් කැමති
නෑ…..තවත් පවුනොදී පලයං……ජීවත් වෙන්න අමාරුයි…..මේ ඇති හොදටම……අපෙ අනාගතේ
තවත් විනාස කරන්න එපා……)

Keheliya Rambukewella, the former cabinet spokesperson too was flooded with similar comments. One commentator on Rambukwella’s profile said the people’s struggle has become a joke to them.

Ranjika Damayanthi, “මුන්ට විහිළුවක් වෙලා මිනිස්සු දුක් විදින එක ����������”

Although the country’s President Gotabhaya Rajapaksa too used the frame, he has restricted the comments on his profile yet over 33,000 had laugh reacted to the picture with 15,000 “angry” reactions.

In the ongoing protests in the past seven days, the President has been called a Pissek (mad man), a murderer and a gobbayā (a local slang for a useless person). (Colomb0/April 08/2022)

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Sri Lanka sells 2028 bonds at 14.52-pct

ECONOMYNEXT – Sri Lanka sold all offered bonds in 2026 and 2028 maturities raising 220 billion rupees from an auction Monday, data from the state debt office showed.

The debt office sold 135 billion rupees of 1 June 2026 bonds to yield 15.64 percent.

Another 85 billion rupees in 01 July 2028 bonds were sold to yield 14.52 percent.

The 2028 bond is offered on tap at the weighted average yield. (Colombo/Sept25/2023)

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Sri Lanka’s stocks end down on Monday after slow day of trading

ECONOMYNEXT – Sri Lanka shares were down at close of trading on Monday.

Turnover was 550 million rupees.

The main All Share Price Index was down 0.36 percent or 40.02 points to 11,216.50, while the S&P SL20 was down 0.44 percent or 14.07 points to 3,164.52.

Trading in the Capital Goods Industry (174,037,134) drove turnover.

Commercial Bank, Expolanka Holdings, and Aitken Spence plc saw losses, while National Development Bank, John Keells Holdings and Melstacorp saw gains in the day’s trading.

The market saw a net foreign inflow of 13 million rupees, while the yearly net foreign inflow was 429 million rupees. (Colombo/Sep25/2023)

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Sri Lanka rupee closes at 324.75/324.90 to the US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed at 324.75/90 to the US dollar on Monday, from Friday’s close at 324.70/325.00 dealers said.

Bond yields were up.

A bond maturing on 01.07.2025 closed up at 15.55/15.70 percent on Monday, after closing at 14.95/15.30 percent on Friday.

A bond maturing on 01.08.2026 closed up at 15.50/15.65 percent up from 14.95/15.10 percent.

A bond maturing on 15.09.2027 closed up at 14.75/15.50 percent from 14.55/15.00 percent.

A bond maturing on 01.05.2028 closed up at 14.25/14.60 from 14.00/14.30 percent.

A bond maturing on 15.05.2030 closed stable at 13.00/13.50.

A bond maturing on 01.07.2032 closed at 12.95/13.45 percent from 13.00/13.45 percent. (Colombo/Sept25/2023)

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