lovebet yahoo finance -betway help

lovebet yahoo finance

Publishing time:2022-05-28 21:58:12

sports and more lovebet yahoo finance .New Lanka PM Wickremesinghe wants to privatise SriLankan Airlines as part of steps to revive economy

lovebet yahoo finance

Sri Lanka Economic Crisis, protests, clashes,
Image Source : AP

Colombo: Members of Socialist Youth Union shout slogans blocking the entrance to Sri Lankas police headquarters during a protest in Colombo, Sri Lanka, Monday, May 16, 2022.


  • Sri Lanka's new Prime Minister Ranil Wickremesinghe proposed to privatise SriLankan airlines.
  • Sri Lanka is currently experiencing its worst economic crisis since gaining independence.
  • SriLankan Airlines made large losses after former PM Rajapaksa removed Emirates.

Sri Lanka's new Prime Minister Ranil Wickremesinghe on Monday said he proposed to privatise the national carrier SriLankan Airlnes as part of his plan to help tackle the debt-ridden country’s crippling economic and political crisis.

Sri Lanka is currently experiencing its worst economic crisis since gaining independence from Britain in 1948. "I propose that the loss making Sri Lankan Airlines be privatised,” Wickremesinghe said in his first address to the nation.

SriLankan Airlines made large losses after former Prime Minister Mahinda Rajapaksa removed Emirates as its managing shareholder, the Economy Next website reported.

“In the 20/21 year alone its loss was 45 billion rupees. By 2021 March 31 its total losses were 372 billion rupees," the prime minister said while announcing other measures to tackle the problems faced by Sri Lanka's economy.

“Even if we privatise it we have to bear the loss,” he said. “You should note that this loss has to be borne by the poorest of the poor who has not set foot in an aircraft,” Wickremesinghe said.

Wickremesinghe was unable to privatise SriLanka in an administration he ran from 2015 to 2019. Launched in 1979, SriLankan Airlnes has a global route network of 126 destinations in 61 countries.

Last month, SriLankan Airlines said it recorded its first profitable fourth quarter (Q4) since 2006 for the financial year that ended on March 31, 2022 with a group net profit of USD 1.7 million despite pandemic challenges.

Sri Lanka is grappling with a devastating economic crisis, with prices of everyday goods soaring, and there have been widespread electricity shortages for weeks. Since March, thousands of anti-government protesters have taken to the streets, demanding that the government resign.

In a pre-dawn operation, the Sri Lankan military had to evacuate Mahinda Rajapaksa hours after he resigned. 

Mahinda Rajapaksa, the elder brother of President Gotabaya Rajapaksa resigned following clashes between pro- and anti-government protesters. The military were called after protesters twice tried to breach the Prime Minister's Temple Trees private residence compound overnight. 

Also Read: Pakistan will 'turn into Sri Lanka' if Imran Khan is arrested: Sheikh Rasheed

Latest World News

baccarat x chrome hearts
live blackjack canada
roulette video app
Peripheral betting masters
lovebet yesterday football results
Which online baccarat casino has the most complete equipment?
The most reputable entertainment city online
Try Baccarat for free
Football Information Betting Network
best five quiz questions
ri chess school
math in chess
classic gin rummy rules
lovebet email address
The most reputable gambling platform
genesis casino license
Baccarat Electronic Route Forecast
European Cup football live video
Source: Nanfang Daily Online    Editor in charge: hit