Rachitha

@rachitha

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  1. Rachitha@rachitha
    Rachitha
    RT @numberslka: 🇱🇰 CIABOC Opens Pandora's Box: Your Wealth Is Now Everyone's Business! ⭕ CIABOC has opened public access to asset declarations covering nearly 160,000 individuals, including public servants, members of the armed forces, newspaper editors and other legally required declarants, despite the Government's earlier assurance that privacy safeguards would be introduced for non-political declarants. ⭕ If you are a public servant, a member of the armed forces, a newspaper editor, or anyone else legally required to submit an asset declaration, your personal financial information will now be accessible to anyone through CIABOC's public portal, with limited redactions. ⭕ Don’t be surprised if your neighbour suddenly knows how much you earn, what you own, how much gold and jewellery your family possesses, how much money you have in the bank, or even whom you have lent money to. Much of this information is now accessible to anyone who registers on CIABOC’s public portal. ⭕ In August, Minister Bimal Rathnayake informed Parliament that the Government intended to retain public access to politicians' asset declarations while introducing privacy protections for other declarants, citing concerns over harassment and misuse of published information. However, despite the Anti-Corruption (Amendment) Bill being passed on 8 October, the promised distinction has not been meaningfully reflected in public access arrangements. ⭕ In the worst-case scenario, CIABOC may have inadvertently created a convenient database for criminals. Information about gold, jewellery, property and bank balances could help burglars identify potential targets, while exposing public servants and their families to risks of extortion, intimidation and even kidnapping. ⭕ Unlike senior political figures, ordinary public servants generally have no personal security arrangements. Nor can the Government realistically provide such protection to every public servant if required. They are ordinary citizens, often earning relatively modest government salaries, with families and personal lives to protect. ⭕ Not every asset represents unexplained wealth. Inherited property, family contributions, legitimate gifts, donations and decades of savings can all form part of a person's declaration. Publishing these details without context invites unnecessary speculation, harassment and potentially malicious accusations. Transparency requirements should be proportionate to the level of public responsibility and authority exercised. ⭕ Routine public disclosure should primarily focus on politicians, departmental heads, senior management and officials exercising substantial financial, procurement or regulatory authority. Other officers' declarations should remain fully accessible to CIABOC for verification and lawful investigation, without necessarily being published for unrestricted public scrutiny. ⭕ The Government's approach to amending the Anti-Corruption Act of 2023 has been disappointing, with several proposed provisions facing constitutional objections in the Supreme Court. More importantly, the failure to establish a sensible framework under Section 88(1), clearly defining which asset declaration details should be made public and to what extent, has resulted in an avoidable situation that raises serious concerns about privacy and personal security. ⭕ A legal obligation to declare assets to an anti-corruption authority should not automatically mean an identical obligation to publish those assets on the internet for everyone. The Government and CIABOC should introduce stronger, proportionate redactions, making use of the privacy protections considered constitutionally permissible in the Supreme Court's determination. Transparency is essential to fighting corruption. However, the current disclosure framework, without adequate privacy and security safeguards, risks doing more harm than good. Take a look at what's out there:
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  2. Rachitha@rachitha
    Rachitha
    RT @NalakaG: Solar rooftop campaign started in 2016 when @ajithpperera_p was energy minister. CEB had a decade to upgrade to a smart grid, anticipating current situation. But anti-solar mafia within #lka state owned electricity monopoly did nothing. Worse, they’ve been blocking or delaying solar. Becoz Sun doesn’t pay kickbacks or commissions?
    Ranga Sirilal @rangaba
    Sri Lanka is becoming a victim of its own solar success! Rooftop solar is expanding faster than the grid can absorb. Shifting tariffs and encouraging battery storage to make renewables 70–80% of the country’s energy mix by 2030.
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  3. Ranga Sirilal@rangaba
    Sri Lanka is becoming a victim of its own solar success! Rooftop solar is expanding faster than the grid can absorb. Shifting tariffs and encouraging battery storage to make renewables 70–80% of the country’s energy mix by 2030.
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  4. Rachitha@rachitha
    Rachitha
    RT @stats_feed: A simple drawing test may detect Parkinson’s disease with up to 99% accuracy. Researchers found that subtle differences in how people draw can reveal motor impairments long before they are obvious to the human eye.
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  5. Rachitha@rachitha
    Rachitha
    RT @Hoodville_: If your pillow looks like this, don't worry about hantavirus
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  6. Rachitha@rachitha
    Rachitha
    RT @nooreshtech: All soft commodities like Rubber, Cotton, Rice, Palm Oil etc. are up roughly 30% in the last 6 months Which companies do you think will face the repercussions of rising costs… and which businesses could actually benefit from this trend? Comment your views!!
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  7. Rachitha@rachitha
    Rachitha
    RT @Rajendra1857: Malaysian palm oil prices are likely to rise about 12% to 5,200 ringgit a metric ton by mid-July, as higher energy prices from the U.S.-Israeli war on Iran boost biodiesel demand and tighten supplies, analyst Dorab Mistry said. #palmoil #IranWar‌ #oil
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  8. Rachitha@rachitha
    Rachitha
    RT @State_SCA: Sri Lankan businesses are investing in a more open and prosperous future by looking to the U.S. at #SelectUSA! The United States and Sri Lanka are deepening business ties across the healthcare, manufacturing, and digital services sectors - and more - to capitalize on emerging opportunities for economic growth and partnership. 🇺🇸🤝🇱🇰
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  9. Rachitha@rachitha
    Rachitha
    RT @CNN: The moringa tree, known as the “miracle tree”, is one of the most nutrient-dense plants on the planet and is prized for its healing qualities. It also has another huge benefit, according to new research: it’s excellent at removing microplastics from water.
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  10. Rachitha@rachitha
    Rachitha
    RT @RealBBR_Mindset: 💥 1/2 Approx 35,000–40,000 MT of urea bought at low prices (USD 380–400/T) is being carried over from the Maha to the Yala season. ​This surplus, caused by weather-related planting delays, covers roughly 20% of the upcoming Yala season's total demand. #CIC #AGST #LCEY #DIMO
    𝐁𝐁𝐑 @RealBBR_Mindset
    💥Fertilizer companies that secured inventory back in Nov/Dec 2025 (when prices were near $350/T) are sitting on massive inventory gains. As they sell that cheaper stock at the CMP $720+ , their upcoming quarterly earnings are likely to show a substantial profit spike #CSE
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  11. 𝐁𝐁𝐑@RealBBR_Mindset
    💥Fertilizer companies that secured inventory back in Nov/Dec 2025 (when prices were near $350/T) are sitting on massive inventory gains. As they sell that cheaper stock at the CMP $720+ , their upcoming quarterly earnings are likely to show a substantial profit spike #CSE
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  12. Rachitha@rachitha
    Rachitha
    RT @BBCWorld: Sri Lankan monks arrested after 110kg of cannabis discovered in their luggage
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  13. Rachitha@rachitha
    Rachitha
    RT @Channa_Amare: 'Strategic' investors getting preferential IPO allotments must meet strict criteria: 🔒 Minimum one year lock-in period 📖 Anchor and cornerstone investor names disclosed in prospectus 💰 High minimum investment ➡️ Build trust, transparency and commitment #JXG #lka @CSE_Media
    Saliya Gamagedera @saliya_g
    @SL_Stocks Who is this preferred entity?
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  14. Rachitha@rachitha
    Rachitha
    RT @BarbaraOneillAU: Sugar in a baby's brain is called ADHD. Sugar in an adults brain is called dementia. Sugar in your eyes is called glaucoma. Sugar in your teeth is called cavities. Sugar in your sleep is called insomnia. Sugar in your blood is called diabetes. Excess sugar in your body is called cancer
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  15. Rachitha@rachitha
    Rachitha
    RT @RobinhoodCSE1: මේකනන් බං Initial Preferential Offering (IPO) එකක් අපේ කොල්ලො Public Offering කියල හිතාගෙන apply කරාට 😂 @CSEBets @danukalive
    Channa Amaratunga @Channa_Amare
    Preferential allotment of 243 mn shares out of a total issue of 500 mn 😠 Was this an IPO or a private placement? 🤦 No disclosure of preferential allotment mentioned in Janashakthi #JXG IPO Prospectus @CSE_Media #lka should not allow such non-disclosed preferential allotments
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  16. Channa Amaratunga@Channa_Amare
    Preferential allotment of 243 mn shares out of a total issue of 500 mn 😠 Was this an IPO or a private placement? 🤦 No disclosure of preferential allotment mentioned in Janashakthi #JXG IPO Prospectus @CSE_Media #lka should not allow such non-disclosed preferential allotments
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  17. Rachitha@rachitha
    Rachitha
    RT @dineshwee: RIP to Mark Mobius, widely credited as a pioneer of emerging markets investing, who passed away on Wednesday at the age of 89. He was a great friend of Sri Lanka, and I had the privilege of working with him on several fronts to support the country’s investment outlook.
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  18. Rachitha@rachitha
    Rachitha
    RT @danukalive: News of the reopening of the Strait of Hormuz after the market closed on Friday.
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  19. Rachitha@rachitha
    Rachitha
    RT @ArifeenRavin: We are entering a key milestone in the journey towards 24500 and more. A successful cross over 22600 today should be understood as the reactivation of the bull run towards a new ATH. Each day I see the chart we are getting closer to completion of the #MEGA📢 pattern. Good luck🚀
    SHARK 🇱🇰🇦🇪 @ArifeenRavin
    📢Make Equities Great Again! #ASI Beyond 24500🚀
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  20. Rachitha@rachitha
    Rachitha
    RT @NewsWireLK: 🚨 Customs Seizure at BIA A 38-year-old Sri Lankan from Ragama was arrested at Bandaranaike International Airport after 25.5kg of cannabis (Kush) was found concealed inside silencers. The suspect arrived on SriLankan Airlines flight UL403 at 11.50 hrs today (02). The drugs, valued at Rs. 255.5 million, were intercepted by Sri Lanka Customs officers at the Arrival Red Channel. The suspect and seized narcotics were handed over to the Police Narcotics Bureau.
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  21. Rachitha@rachitha
    Rachitha
    RT @sathia_varqa: What an opening to Apr! CPO futures gunning for 5,000 ringgit mark? Fundamentals supportive, externals unstable, sentiments fuelling buy. Ringgit is weak - helping int'l buying. Risk-Apr demand outlook. Stocks can build-up quickly, if exports dont flow.#PalmOil @FastmarketsAG
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  22. Rachitha@rachitha
    Rachitha
    RT @DasunPerera16: @StockwizAnaltcs Drew this chart when the market was at 21692. Market was going on in an extended flat correction where the maximum down it could take was 20250. It got supported nicely crashing bear’s dreams for a deeper bottom. Now we are in an uptrend and there won’t be a bottom below 20250.
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