News
A strong partnership with India is needed to achieve Sri Lanka’s development goals – President
President Ranil Wickremesinghe during his address at the 31st All India Partner’s Meet 2024 (AIPM 2024), held at ICT Ratnadipa in Colombo, expressed his commitment to maintaining a strong partnership with India to achieve Sri Lanka’s development goals.
The AIPM 2024 which was organised by KPGM Sri Lanka and India provided a platform for both countries to reaffirm their commitment to collaborative projects that promise to redefine bilateral relations and propel socio-economic growth.
In his address President Wickremesinghe said:
“It’s a great pleasure and a privilege to have you in Sri Lanka, in Colombo, holding this meeting. It shows on one hand the close friendship that our two countries have, and on the other hand, the confidence that you have in Sri Lanka.
Having now survived two difficult years, I must acknowledge that this was possible because India gave us a loan of $3.5 billion. All that will be repaid. We have already repaid the loan of $200 million that Bangladesh gave us.
We have just concluded the board of directors meeting of the IMF, which was quite successful and are preparing thereafter to meet with our creditor nations, the Paris Club, India and others, who meet at the official creditors committee next week, and also carrying on discussions with China with the Exim Bank of China.
Once we conclude the discussions, then we come to the next phase. With this, we are ready to sign the agreements with our official creditors and with the Exim Bank of China. So next week, on Wednesday, we will be meeting with the OCC, and also in the course of next week, we are carrying out discussions with the Exim Bank of China. And I hope by next week, or thereafter, that we will have come out of this phase of bankruptcy and into the next phase as we go ahead.
Sri Lanka’s return to business signifies a pivotal decision-making phase. The key question is defining what this return entails. Returning to business as usual would mean continuing as an import-dependent economy, leading to on-going borrowing to fund imports and perpetuating a harmful cycle. Having faced this scenario before, the crucial question now is whether we are willing to repeat this path.
Alternatively, the objective is to gradually shift towards becoming a competitive, export-oriented economy, marking a significant goal. Acknowledging the inherent challenges in this transformation, especially in Sri Lanka’s context, we have adopted a new approach: enacting legislative economic policies to effectively steer this transition.
We will introduce policies aimed at achieving economic transformation: moving towards a highly competitive, digital, green, and export-oriented economy. These policies will establish benchmarks for foreign investments, export earnings, and reducing multi-dimensional poverty—a first in our region.
Traditionally, policies in Sri Lanka have been subject to change with each new government. To address this, we have drafted the Economic Transformation Bill, currently undergoing pre-legislative scrutiny in Parliament and the courts.
In addition to outlining policies, we are establishing new institutions such as the Economic Commission, which will assume responsibilities from the BOI to drive investment, a dedicated agency for managing investment zones, an International Trade Office to enhance global trade, and a National Productivity Commission to boost productivity. Furthermore, the Institute for Economics and International Trade will serve as a think tank, bringing together economists and experts to shape Sri Lanka’s economic strategies effectively. So this is broadly the route that we intend to take
Second is the second eye, which I have taken on today, which are on my agenda, that’s India. When I was in Delhi last week, I discussed with Prime Minister Modi the need to accelerate the joint program that we have decided, agreed on. So the major ones are identified, and Foreign Minister Jaishankar came down today to have a discussion. Now this will show the new path we are taking, and a number of projects, all will be in one parcel.
It won’t be individual projects. We’ve discussed a fair number of them. First is the grid interconnection between Sri Lanka and India, so that sustainable energy can be transmitted to India, where you all need that very badly. We have the Sampur solar power project, which is a Government to Government (G2G) project, and a three island project, which is where we hope the ground breaking can take place in July.
Additionally, there is a focus on a project to establish a land connectivity between Sri Lanka and India. Extensive discussions have also taken place regarding expediting the Trincomalee Development Project, which encompasses industrial investment zones and tourist areas. Furthermore, plans are underway to construct a multi-product oil pipeline from Nagapatnam to Trincomalee, pending the final observation report. Trincomalee is poised to become a hub for oil refining, with the development of ports and investment zones, transforming Trincomalee Port into a significant hub on the Bay of Bengal.
Today, the entire East Coast is being opened up for tourism, with additional land earmarked for hotels in Galle and southern areas. Moreover, there are plans to establish more investment zones across the country, alongside expanding our professional training programs. In these endeavours, we are collaborating closely with India”.
[PMD]
News
Harsha flays govt. over plan to pass coal, Treasury losses to public
Chairman of the Public Finance Committee Dr. Harsha de Silva, MP, yesterday (31) said that the National People’s Power (NPP) government was going ahead with a controversial move to pass on the massive losses caused by the coal scam to the public. The government also intended to recover USD 2.5 (approximately Rs 800 mn) lost by the Treasury from the people by introducing an amendment to the Budget, the Opposition lawmaker alleged.
Dr de Silva said that the government had been compelled to increase the supply of diesel for the oil-fired power plants to meet the Norochcholai generation shortfall due to the use of substandard coal.
Responding to The Island queries, the former State Minister said that regardless of repeated assurances that electricity consumers wouldn’t be burdened for the lapse on their part, the government, in writing, has assured the International Monetary Fund (IMF) to recover the losses from the public. This came to light after the IMF released the Letter of Intent submitted by the government following the completion of the combined Fifth and Sixth Reviews under the Extended Fund Facility (EFF) programme to receive USD 695 mn.
Commenting on the specific assurance as regards the upward revision of fuel prices and electricity tariffs, MP de Silva pointed out the government’s assurance of its commitment to cost-recovery pricing for fuel and electricity meant that subsidies provided to ease the burden on households and businesses would remain within budgeted limits and be phased out by the end of September 2026.
Welcoming the USD 695 mn IMF loan, MP de Silva said that in terms of the agreement between the government and the IMF, the relief would end once Rs 100 bn allocated to provide relief was spent on subsidies on fuel (Rs 57 bn), electricity (Rs 15 bn) and the rest on ‘Aswesuma’ social welfare scheme and fertiliser.
MP de Silva said that the crisis should be examined taking into consideration that Sri Lanka paid very high prices to procure fuel in the wake of the continuing turmoil in West Asia. He noted that having perpetrated a coal scam the government could not under any circumstances absolve itself of responsibility for the skyrocketing electricity tariffs.
Commenting on the Sri Lanka-IMF agreement, lawmaker de Silva lambasted the government for utterly chaotic and poor management of the economy. Severe criticism was directed at the government over the rapid depreciation of the rupee against the USD and the NPP’s pathetic performance. Amidst speculation that De Silva may switch allegiance to the NPP, the MP also posted a video in which he flayed the government alleging the NPP couldn’t take forward measures taken by former President Ranil Wickremesinghe.
MP de Silva explained how the people would end paying for the theft of USD 2.5 by way of an amendment to the Budget. The MP told The Island that assurance meant that the government acknowledged that there was no hope of recovering USD 2.5 mn though they talked of investigations and progress being made. De Silva called for a combined Opposition effort to pressure the government to act responsibly in the face of growing challenges.
The government couldn’t lie as the relevant IMF report and the government letter of intent were in the public domain, Dr de Silva said.
by Shamindra Ferdinando
News
PM opens Vesak pandals
Two Vesak pandals erected in the Colombo area to mark Vesak Poya were ceremonially opened under the patronage of Prime Minister Dr. Harini Amarasuriya.
The Prime Minister first opened a pandal depicting the Sambula Jataka, constructed by the Sri Vaishakya Society of the Borella Magazine United Traders’ Association. She subsequently attended the opening of another pandal at the Grandpass Kosgas Junction, which portrays the Samudra Vanija Jataka tale, and ceremonially inaugurated it by lighting a traditional coconut-oil lamp.
The event was attended by members of the Maha Sangha, clergy of other faiths, Members of Parliament Dr. Najith Indika, Attorney-at-Law Lakmali Hemachandra and Dilith Jayaweera, Deputy Inspector General of Police Nihal Thalduwa, former Member of Parliament Thilanga Sumathipala, and President of the Magazine United Traders’ Association Palitha Herath, among others.
News
UNP challenges NPP move to amend Vihara – Devalagam Act
The UNP yesterday said that the government did not have the power to establish a Dharma Court. According to the Constitution, neither the executive, the legislature nor the judiciary had the power to interpret the Dharma, it added. The power to pass laws on disciplining the clergy had been granted to Parliament in terms of Article 105 of the Constitution, the UNP said, emphasising that the ultimate powers lay with the committees of the respective sects.
The UNP said so in response to President Anura Kumara Dissanayake’s recent speech that a concept paper had been submitted for amending the Vihara – Devalagam Act and the Cabinet had approved it. The President further stated that he had held a discussion with the Registrar, the Commissioner for Buddhist Affairs and the Attorney General. It is not known whether he discussed the matter with the Buddhist MPs in the Opposition.
Excerpts of the statement issued by former President Ranil Wickremesinghe’s Office: ” President Anura Kumara Dissanayake has recently publicly agreed to a call to take the same measures as previous kings in cases where the Buddhist religion is distorted under the guise of Dhamma.
Over our history we have seen some kings kill the Sangha during their reigns. The JVP also killed the Sangha in the same way during the years 1987-89.Kotikawatte Saddhatissa, Weltota Pangnadassi, Beligalle Mahinda, Kumbagoda Gnanaloka, Athurugiriya Pangnatissa, Soragune Pangnasara, Pelpola Dharmapala, Kandy Dhammarakkhitha and many other monks are included in the list of the JVP’s assassinations.
Apart from shedding the blood of the Buddha, the greatest sin that Buddhists can commit is the killing of the Sangha. The JVP has not apologised for the killings. Is it moral for the President to accept this invitation without first taking this step?
In addition to killing the Sangha, the JVP also looted valuable historical items from the monasteries and temples.
The JVP has never accepted that Buddhism should be given priority politically. The JVP has always acted against Buddhism.
A major question that arises from this is whether the JVP, which has a history of killing monks, can do such a thing after taking power. What is the hidden motive here?
Mr. J. R. Jayewardene took steps to include a separate chapter in the 1978 Constitution to take necessary measures for monks who behave undisciplined and engage in crimes. Provisions were made for the establishment of a Sangha Court to decide on the discipline of monks.
What did the NPP government done during the Sinhala and Tamil New Year? It disrupted all the auspicious signs. While the whole world was celebrating Vesak Poya on May 1st, the Vesak Poya day in Sri Lanka was postponed to a later date in order to hold political rallies.
There is no objection to taking action against unruly monks. But there is a procedure for how to discipline monks. Cabinet papers related to this should be prepared and presented to the Maha Sangha led by the Mahanayaka Theros and then a decision should be taken. Everything should be carried forward according to the existing tradition in the country.
The President has also expressed his views on taking monks to court. He has expressed such views without understanding the tradition. Taking wrong-doing monks to court in their robes is not something that only happened yesterday. Thalduwe Somarama and Mapitigama Buddharakkhita were presented to court wearing their robes for the assassination of Mr. Bandaranaike and later their robes were removed. This is not limited to monks. Father Mathew Peiris first came to court for legal proceedings wearing his robe. Accordingly, the monks who are currently acting in an undisciplined manner must also follow the same procedure that was implemented earlier.
The President mentioned in his speech that a concept paper was submitted for amending the Vihara – Devalagam Act and the Cabinet agreed to it. The President further stated that he had held a discussion with the Registrar, the Commissioner for Buddhist Affairs and the Attorney General. It is not known whether he had discussed this matter with the opposition Buddhist parliamentarians. This work has all been done only by the government without any consultation.
The government does not have the power to establish a Dharma Court. According to the Constitution, neither the executive, the legislature nor the judiciary have the power to interpret the Dharma. The power to pass laws on disciplining the clergy has been given to Parliament under Article 105 of the Constitution. However, the final powers lie with the committees of the respective sects. At present, this work has been done by the cabinet, officials and a handful of monks of a government that does not accept Buddhism.
The temples with the most assets and properties today are in the monasteries and temples that fall under the Vihara – Devalaya Village Act. It is no secret that the Janatha Vimukthi Peramuna (JVP) is taking the position that these temples should be taken under government control. There is a strong suspicion that the Dharma Court is being created for this purpose.
An organized program to destroy Buddhism is being implemented today through government-affiliated social media. A section of civil society is also involved in it. What is always happening today is the marginalization of the Buddhist monastic-lay opinion.In the President’s speech, a reference was also made to the holding of the World Buddhist Congress in this country under the current government.
Such a situation is also indicated in the Vasala Sutta.
“Na jaccha vasalo hoti,
Na jaccha hoti brahmano;
Kammana vasalo hoti,
Kammana hoti brahmano”
Its Sinhala meaning is as follows.
“One is not a householder by birth.Nor is one a Brahmin by birth.One becomes a householder or a Brahmin by one’s actions.”
-
News3 days agoIMF urges Lanka not to meddle with exchange rate
-
News7 days agoEaster Sunday carnage: Court told Maulana’s statement cannot be accepted without cross-examination
-
News7 days agoUK passport holder hiding here wants to have deportation order rescinded to leave without blemish
-
Business4 days agoSri Lanka’s construction industry losing ground while no one watches
-
Opinion7 days agoUndermining the democratic political framework
-
News3 days agoState of emergency extended
-
Features4 days agoThe Division Bell Mystery
-
Midweek Review6 days agoIsraeli-US aggression won’t go unanswered -Iranian Ambassador
