Cars queue to buy petrol in Colombo, Sri Lanka, August 1, 2022. Reuters
Cars queue to buy petrol in Colombo, Sri Lanka, August 1, 2022. Reuters
Cars queue to buy petrol in Colombo, Sri Lanka, August 1, 2022. Reuters
Cars queue to buy petrol in Colombo, Sri Lanka, August 1, 2022. Reuters

Bankrupt Sri Lanka seeks urgent help to feed children


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Sri Lanka issued an urgent appeal on Monday to tackle rapidly spreading malnutrition among children as its economic crisis leaves nine out of 10 people dependent on state hand-outs.

The ministry for women and child affairs said they were seeking private donations to feed perhaps several hundred thousand children suffering the effects of not having enough to eat, AFP reported..

The bankrupt state, grappling with Sri Lanka's worst economic crisis since independence, was unable to sustain welfare programmes.

"When the Covid pandemic was at its peak, the problem was bad, but now, with the economic crisis, the situation is far worse," ministry secretary Neil Bandara Hapuhinne said in Colombo.

Mr Hapuhinne said they had counted 127,000 malnourished children among the 570,000 girls and boys below the age of five in mid-2021.

Since then, he estimated that the numbers had increased several-fold with the full effect of rampant inflation and extreme shortages of food and other essentials.

He said the number of people receiving direct state hand-outs had almost doubled in the past year with more than 90 per cent of the population now relying on the government for financial help.

Hapuhinne said these included about 1.6 million government employees.

Sri Lanka's inflation was officially measured at 60.8 per cent in July, but private economists say it is well over 100 per cent and second only to Zimbabwe.

Unicef also issued an appeal for funding, saying that children in Sri Lanka were disproportionately affected by the economic crisis.

The country ran out of foreign exchange to finance even essential imports late last year and Colombo defaulted on its $51 billion foreign debt in mid-April.

Under embattled new President Ranil Wickremesinghe, the government is now in bail-out talks with the International Monetary Fund.

The country's 22 million people endure lengthy daily power cuts, long queues for fuel and shortages of staple foods and medicines in a country that once had South Asia's best social indicators.

Last month, President Gotabaya Rajapaksa fled the country and quit after thousands of protesters angry at the economic crisis stormed his official residence.

Mina Cup winners

Under 12 – Minerva Academy

Under 14 – Unam Pumas

Under 16 – Fursan Hispania

Under 18 – Madenat

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PROFILE OF HALAN

Started: November 2017

Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga

Based: Cairo, Egypt

Sector: transport and logistics

Size: 150 employees

Investment: approximately $8 million

Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar

Milestones on the road to union

1970

October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar. 

December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.

1971

March 1:  Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.

July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.

July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.

August 6:  The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.

August 15: Bahrain becomes independent.

September 3: Qatar becomes independent.

November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.

November 29:  At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.

November 30: Despite  a power sharing agreement, Tehran takes full control of Abu Musa. 

November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties

December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.

December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.

December 9: UAE joins the United Nations.

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BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait

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Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

Profile of Tarabut Gateway

Founder: Abdulla Almoayed

Based: UAE

Founded: 2017

Number of employees: 35

Sector: FinTech

Raised: $13 million

Backers: Berlin-based venture capital company Target Global, Kingsway, CE Ventures, Entrée Capital, Zamil Investment Group, Global Ventures, Almoayed Technologies and Mad’a Investment.

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

Updated: August 01, 2022, 12:51 PM