Wednesday August 4, 2021 7:30 am
Wednesday August 4, 2021 7:30 am
ECONOMYNEXT – Sri Lanka’s opposition Janatha Vimukthi Peramuna has slammed the printing of over a trillion rupees to fund state expenses after a tax cut, defend interest rates in the overnight and gilt markets as well as planned sales of state land to bring in foreign investment.
“The government should in fact worship the Biyagama money printing factory,” Anura Dissanayake, leader of Sri Lanka’s Marxist Janatha Vimukthi Peramuna told parliament in reference to a international security printer, Thomas de la Rue unit in an export industrial zone where currency notes are produce.
“The government has printed one trillion rupees in the last 16 months. You can repay the local debts by printing money. But large chunk of our loan are foreign borrowing.”
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Grander than ever! Daily News (via HT Media Ltd.)
Sixteen years after the death of the French General Napoleon Bonaparte, the Grand Oriental Hotel, which formerly started as an army barrack in the 1800’s, was converted into a hotel by the British in 1837. Since then the Grand Oriental hotel has seen history take shape. It has seen Hitler’s invasion of Poland, Denmark and Norway and the surrender of Berlin. As the Sri Lankan War against the LTTE raged on, the Grand Oriental Hotel stood watching.
Like the aging of wine which is potentially able to improve the quality of wine, and the ripening of cheese, the GOH has also improved in quality over the years. As of now the Grand Oriental Hotel has now been completely refurbished. After nearly 180 years, it has started another chapter in its history. It is very much a part of the hospitality industry in Sri Lanka and is undisputedly a fine piece of architecture.