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Lanka needs to switch from investing in non-tradable to tradable goods fast: MP
By NETHMI RAJAWASAM
ECONOMYNEXT –Sri Lanka continues to lag behind in its integration into global production networks due to short-sighted goals of producing non-tradables over tradable goods that can be exported, oppositional legislator Harsha De Silva has said.
“There has been a significant growth in the non-tradable sector and production of non-tradable goods between 2010 and 2019. From the growth in the total economy’s production, 70 percent was from the non-tradables sector which cannot be traded in the international market,” the opposition MP said during a debate in Parliament recently.
Non-tradable goods include items such as public services, real estate and construction, goods with very high transportation costs, and commodities produced specifically to meet local retail consumers.
The MP said that due to shortsighted large infrastructure investments such as the development that has gone into the Hambantota area, Sri Lanka’s production has shown exponential growth in the non-tradables sector.
About 50 percent of the foreign direct investments that came into the country in 2000-2020 were directed towards the non-tradables sector, while only around 25 percent went into the export-oriented market, former Chairman of the Board of Investment Thilan Wijesinghe said at a forum organised by Advocata Institute recently.
“This way the non-tradable sector that was developed with the massive foreign loans was proven to produce short term development that was unsustainable in the long run,” Wijesinghe said.
“In 2010 economic growth was recorded at 8 percent, in 2011 it was 8.4 percent and in 2012, 9.1 percent, but in 2013 it was recorded that it was 3.4 percent,” De Silva said, following a trend that denotes that growth has since been declining, due to the unsustainability of the concentration of investment in the non-tradables sector.
De Silva said North East Asian countries that employed sustainable practices have successfully integrated themselves into global trade networks.
“Our outlook on production should speedily switch to tradable goods or else face the consequences of being unable to match exports with imports,” he said.
The legislator pointed out that the reason behind the popularity of such short term goals in Sri Lanka have been the opportunistic nature of leaders.
“Since the political aim of achieving short term growth in the non-tradable sector had been achieved in the past, essential trade and investment reforms had been neglected. As a result of this, Sri Lanka’s growth was significantly stifled and slowed, in relation to its equals in the region,” he said.
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Opposition blames govt. inaction for severity of disaster impact
The government’s failure to act on expert warnings, including advance forecasts on Cyclone Ditwah, had led to the worsening of disaster impact, Udaya Gammanpila, leader of the Pivithuru Hela Urumaya, said at a press conference in Colombo yesterday.
Gammanpila accused the NPP government of ignoring 14 key preventive measures, despite alerts from the Meteorology Department, foreign experts, and the media.
Gammanpila said the government had failed to lower the water levels in reservoirs, dredge estuaries, and deploy the armed forces for canal maintenance. Local government bodies were reportedly sidelined, and that led to a delay in cleaning of drains. He said the government had also failed to evacuate people in a timely manner from seven districts identified by the National Building Research Organisation as landslide-prone. It had delayed declaring emergencies or curfews and the deployment of tri-forces to evacuate people in such areas.
Gammanpila said an experienced public official should have been appointed as Secretary to the President to mobilise the state machinery swiftly during the disaster. He said the government had not convened the National Disaster Council.
“These failures worsened the disaster, causing immense hardship, disruption, and loss of life and property to the people,” Gammanpila said.
The government has denied the Opposition’s claims.
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National Archives seeks freezing capacity to ward off mould from vital water-damaged documents
The Department of National Archives Friday made an urgent appeal for freezing capacity to protect from mould vital water damaged documents, particularly irreplaceable public records of legal value saying this would be be time buying exercise before mould destroys them permanently.
Dr. Nadeera Rupesinghe, Director General of National Archives, said in the appeal that “freezing water-damaged documents stops mould growth and stabilizes materials until proper conservation treatment is possible. It buys time.
Without freezing capacity, we will lose vital records, land registries, court documents, historical records, and the evidence millions of citizens need to rebuild their lives.
“These public institutions urgently need access to freezer facilities and mobile freezers across the country. Public records as bound volumes, and bundled records have to be frozen in large quantities. We understand this is an extraordinary request during an already difficult time. We are asking you to provide space in existing freezer facilities on a temporary basis (weeks to months).”
She said if anybody able to provide such facilities without cost, in return, the National Archives can support full documentation of your contribution for CSR reporting and national recognition as a partner in preserving Sri Lanka’s evidentiary landscape.
“These are not abstract historical records. These are the records our citizens need to prove who they are, what they own, and what they are owed. What we stand to lose –
Court records and legal evidence spanning decades
Personnel files affecting pensions and benefits
Financial records required for audits and accountability
Public records essential for maintaining administrative history
Historical documents that tell our national story”
Noting that the business community has always been a partner in Sri Lanka’s development, the National Archives Department asked it to be partners in preserving the documentary foundation on which business, law, and civil society depend.
“Every land transaction, every contract, every court case relies on records. Help us save them,” Rupesinghe said.
If your organisation has freezing capacity you can make available, please immediately contact Mr Anuradha Adikaram, Senior Archivist on 077 6815551 (Available 24 hours) .
The department will coordinate connecting those who can assist with organisations that are searching for freezer facilities.
“Time is the enemy. Every hour without freezing capacity means more records lost to mould. Every day of delay means more families without proof of their homes, their citizenship, their rights. We are asking for freezers, but we are really asking you to help preserve the documentary infrastructure of our nation,” Rupesinghe said.
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Met Dept. issues fresh weather warning
The Department of Meteorology has warned that rainfall is expected to increase across the country in the coming days as the southwest monsoon becomes more active. From Tuesday, monsoon conditions are expected to persist, with stronger winds likely.
Rainfall is predicted to intensify on Dec. 10, 11, and 12, potentially affecting the Northern, North-Central, Northwestern, Eastern, and Uva provinces, with thunderstorms and rainfall between 75 and 100 mm, Director General of Meteorology Athula Karunanayake said.
Karunanayake added that other areas, including the southeastern region, could also see rain during the day or night, as a disturbance in the Bay of Bengal may further influence the monsoon.
He cautioned that heavy rain would be accompanied by strong winds, creating rough sea conditions. Fishermen and maritime communities are urged to exercise caution and follow official advisories during this period.
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