Hi guys,

Lasy year Sri Langka sucuumbed to THE BIG LIE OF ESG AGAINST PALM OIL

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Environmentalists have welcomed the Sri Lankan government’s surprise decision to ban palm oil imports into the country and raze existing plantations, but others say the science justifying the move is unfounded.

The government made the announcement in an April 5 gazette, citing recommendations from an expert panel formed by the Central Environmental Authority (CEA). The panel had identified soil erosion and drying of springs as among the potentially irreversible impacts of oil palm plantations on the island’s biodiversity and livelihood of local communities. Its report, published in 2018, outlined several recommendations to create the foundation for banning oil palm cultivation on the island.

Palm Oil being the CHEAPEST & MOST ECONOMICAL VEGE OIL ONCE BANNED MUST FACE THE CONSEQUENCES OF VERY HIGH INFLATION

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Sri Lanka Inflation Rate

Sri Lanka’s annual inflation climbed to 18.7 percent in March of 2022 from 15.1 percent in the previous month. It was the highest inflation rate since October of 2008, with stronger inflationary pressures from both food (30.2 percent vs 25.7 percent in February) and non-food products (13.4 percent vs 10.1 percent ). On a monthly basis, consumer prices went up by 3.0 percent, quickening from a 1.1 percent rise in February

AND THE COMING BANKRUPTCY OF SRI LANGKA GOVT

Sri Lanka on the brink of bankruptcy: Consumers hit hard by soaring inflation, food shortages

Sri Lanka's ongoing economic meltdown is getting worse day by day. It's the worst financial crisis this island nation of 22 million people has faced since its independence seven decades ago. The country's foreign reserves have been dangerously low in recent months, and experts fear the country is on the verge of default.

The ongoing pandemic, heavy public spending and an outstanding external debt of €23 billion have led the country to this abysmal situation. As a result, the government has declared a state of economic emergency and has been printing money to pay back domestic loans and foreign bonds. A large part of the population is now struggling to make ends meet.

Kind Regards

Calvin Tan

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