Business
‘Golden Memories & Sensational Melodies’ – A Tribute to Legacy and Charity
Continued from yesterday
My father was very skeptical about politics and politicians, and dissuaded him about it and anyway told him, don’t go into politics unless you’re financially independent because you have to be your own master. That he listened to but his relatives in Jaffna said, if you do not speak Tamil and you have not lived here, you will not make it. So he threw himself into being a lawyer and of course, he was very successful.
Then came 1971, the insurrection, which rattled him. I am afraid, I think, I see President Kumaratunga in the audience, but I think of the squeeze economic policies of the times also made him realize that he could not succeed as an independent lawyer here. So he went back to England and those were, in some ways, years of exile for him till he went back to Geneva and was successful in the UN. But I know that this is not really just his life story that I’m recounting, but what he meant to us in the family, as an uncle, as a brother, as a brother-in-law, he had a very special place. I think what was special for us as children is that he saw us as adults and he would engage with us as adults.
I did notice that he was able to communicate with people, irrespective of class or religion or ethnicity. Maybe that was a trait he picked up in Trinity or it may have been his own ingrained personality, but he did manage to cross those worlds which I thought was very special. It is ironic and wonderful, in a way, that he realized his dream to go back into politics when President Kumaratunga asked him to join. At that time, I was very enthusiastic, but I thought he could be a bridge between Tamils and Sinhalese and also between the UNP and the SLFP, which was more hostile to each other than anything else but politics has a life of its own, I think. His own personal life was also such that he was now transiting into a different space in his life, that I think, in some ways, the man we knew and were very familiar with, to some extent, we lost him when the nation gained him. His move into politics really meant an end to the informal gatherings and moving and intellectual challenges that we were able to have with him, and I felt there was more of an isolation from him at that time.
But what are some of the takeaways that I think of with my uncle? I mean, on a personal level, I always thought that I was his favorite niece till I met my cousin who lived in America, who said, no, no, I thought I was his favorite niece. So I said, perhaps he had a way of making each one feel special, specially engaged but some things he reminded me, which I will remember. He did make a reference saying, I was emotionally detached after my mother died and I think that sort of helped, whether helped or hindered him, in the way he navigated life. He did not take things intensely personal. He also gave me a lesson in life when I told him I was going to wing it at some exam and he told me, nothing is ever winged.
You do not know how much hard work goes into making things look seamlessly effortless. So I realized that behind that, there was a very dedicated professional and I think that showed a lot, even in his interactions in Parliament and as a politician. Even today, if I get into an Uber or PickMe they see my name and they ask me whether I’m related to Lakshman Kadirgamar and mourn that the country doesn’t have politicians like him. I would remind them that when President Kumaratunga wanted him to be Prime Minister, people said he could not be Prime Minister because he is not a Sinhalese or a Buddhist and then they mourn it and say, we should have gone with that. So, this is the time that I’m going to pass on to Dayan. So where I finish with my own memories of him as an uncle and what he meant to us in our family and Dayan, you now take over with the Foreign Minister….”
Dr. Dayan Jayatilleka :
“…Lakshman Kadirgamar be friended me after the death of his friend, my father, Mervyn de Silva. I think it was at some event when he had suddenly turned around, he told me, he suddenly turned around because he had heard a laugh just like Mervyn’s and it happened to be me because he knew Mervyn had died, and he did not know who it was. So that’s how we got to know each other personally. My father, Mervyn, and Lakshman Kadirgamar had been students together at university and Law College. When Dr. Gamani Corea and Mervyn de Silva commenced the Foreign Affairs Study Group to review and restructure Sri Lanka’s foreign relations after the battle of the late 1980s, the airdrop and so on and so forth, the Foreign Affairs Study Group was then approached by President Premadasa who appointed Bradman Weerakoon, his Advisor on Foreign Affairs, to be a member of that group and to liaise with it. Mervyn invited his old friend, Lakshman Kadirgamar, who had come back to Sri Lanka after his stint at WIPO and inducted him into the FASG. That was his transition from international law to international relations and international politics. So after my father died, it was in 1999, Mr. Kadirgamar used to invite me. I don’t know whether his wife Sugandhi is in the audience, but if she were, she would confirm that he would send the car for me at 8 pm. The car brought me to his place and took me back at 3 am. He used to have this bottle of rum from the Caribbean, not Cuban, which he used to share with me and we used to discuss the problems of Sri Lankan politics at the time, in wartime. Very complex, the Norwegian negotiations, the ceasefire agreement of Prime Minister Ranil Wickremasinghe, the knock-on effects on our security in India. There were many, many complex problems, and he thought that somehow inviting me over for those long one-on-one chats was of some use.
Now, to move from the personal to Lakshman Kadirgamar’s thinking, which is what he leaves us, I think I was privy to that, not only through my conversations, but in the sense that all of us are, because he was a public person, and there’s nothing that he said in private that was at variance with his publicly held positions. I would go so far as to say that whenever we fret about the absence of Lakshman Kadirgamar, we should remember what he thought and did, and try to extract from that the principles concerned, which we may then apply and fight for in the political and intellectual arena today. Lakshman Kadirgamar did what was very difficult to do. He balanced antinomies, managed contradictions, reconciled and synthesized opposites, which is very, very difficult to do. He was a principled man who took principled positions on difficult matters, but did so while remaining perhaps the most civilized, cultured, cultivated, and charming personality in public life that we have seen for a very long time. His affability and his wit in no way were at the expense of principle.
Now, what are these issues, and of what relevance are they? I would say that the problems with which Lakshman Kadirgamar grappled are in one way or the other the same problems that we face today, and which will intensify in the new period in international affairs we have stepped into with, if I may say so, the second Trump administration. Now, Lakshman Kadirgamar reconciled the need for an autonomy-based or devolution-based political solution to what was known as the Tamil question or the question of the coexistence of the constituent communities of Sri Lanka, the one side of the equation, with the need for safeguarding national sovereignty, independence, and territorial integrity. Now, this was very difficult to do, because in Sri Lanka at that time, during wartime, you had a schism between the narrow nationalists who were opposed to devolution, just as they were opposed to peace; you had those who were for devolution, but were willing to engage in negotiations leading to policies which Kadirgamar considered to be those of appeasement, and which he opposed.
So, he proposed devolution; he made a brilliant speech when President Kumaratunga presented her August 2000 constitutional reform package, the draft constitution, a very impassioned plea to Parliament that it be supported. I was at his place, he had wanted me to come over, and when he came back from Parliament, he was crestfallen because Mr. Sambandan and the TULF, which had promised to support him, had let him down on the occasion. So he was very much for devolution, he never stopped being for an autonomy-based solution, but he was also very strongly, very firmly, opposed to the LTTE, and he was opposed to excessive unilateral concessions which he thought were being made by the Norwegian facilitators. He and President Kumaratunga tried to manage that by bringing in Vidar Helgesen and talking to the Norwegians and trying to change the mix at that end. So this is one issue, how one reconciles the need for autonomy with the need to safeguard the Sri Lankan state, and to resist any kind of secession.
Lakshman Kadirgamar was a very, very strong votary of national sovereignty, and he went to sort of a war of ideas on the matter. When Prime Minister Wickremasinghe signed the ceasefire agreement, Mr. Kadirgamar made a landmark speech in Parliament, and then sought its publication, and obtained it in the Sunday Times. The Foreign Ministry itself was not quite sure as to whether he should be more muted, so he brought, I think, either Mr. Sinha Ratnatunga or Iqbal Athas home, he told me he brought them home and said: this is the speech; here is my transcript. And it was published as a full page in the Sunday Times, making the point that the ceasefire agreement bore the danger of a division, of recognizing two territories in the country which could become a hard border.
Business
Oil prices jump above $100 for first time in four years
Global oil prices have jumped above $100 (£75.11) a barrel for the first time since 2022 as the escalating US-Israeli war with Iran has fuelled fears of prolonged disruption to shipments through the Strait of Hormuz.
Iran on Sunday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signalling that a week into the conflict hardliners remain in charge of the country.
The US and Israel launched fresh waves of airstrikes across Iran over the weekend, hitting multiple targets including oil depots.
Major disruption to energy supplies from the region threatens to push up prices for consumers and businesses around the world.
Early on Monday in Asia, Brent crude was around 15.5% higher at $107.16, while Nymex light sweet was up by more than 17% at $106.77.
Stock markets in the Asia-Pacific region fell sharply in early trading on Monday, with Japan’s Nikkei 225 index down by more than 5% and the ASX 200 in Australia more than 3.5% lower.
Many in the markets predicted that oil would hit the $100 a barrel mark this week.
In the event it took about a minute to jump 10%, and then another 15 minutes to rise a further 10% in early Asian trading.
Last week the markets had been relatively relaxed about the seeming nightmare scenario for millions of barrels of crude and liquefied natural gas trapped in the Gulf, unable or unwilling to transit the Strait of Hormuz.
But the escalations over the weekend, alongside scenes of destruction of energy infrastructure both in Iran and across the Gulf, saw the markets take rapid fright.
The question now is where does this go? Some analysts argue that if the shutdown in the strait lasts until the end of March, we could see record oil prices above $150 a barrel.
The existing rise is likely to further increase petrol prices, and those of important derivative products such as jet fuel and vital precursors for fertilisers.
The physical supplies from the Gulf are mainly consumed in Asia.
Already however there are signs that Asian consumers are bidding up prices for US gas, with some tankers originally heading for Europe turning around in the mid-Atlantic.
US President Donald Trump responded to the jump in prices by saying that short term rises were a “small price to pay” for removing Iran’s nuclear threat.
His energy secretary told US broadcasters on Sunday that Israel, not the US, was targeting Iran’s energy infrastructure, amid some concern about rising domestic pump prices caused by the war.
(BBC)
Business
CMTA warns buyers of long-term costs hidden in reconditioned vehicle imports
The Ceylon Motor Traders’ Association (CMTA) has issued a stark cautionary note to prospective vehicle buyers, warning that the initial price advantage of reconditioned imports often masks significant long-term financial risks.
By highlighting a “structural imbalance” in the current duty valuation system – which allows near-identical vehicles to be imported under a 15% automatic depreciation bracket – the CMTA argues that the lack of manufacturer-backed warranties and tropicalised specifications in the grey market could lead to a “reconditioned trap” for unsuspecting consumers. For the savvy buyer, the association suggests that the true cost of ownership is increasingly tilting the scales in favour of brand-new vehicles from authorised agents.
If two identical 2026 models are sitting on different lots, and one is significantly cheaper because it was technically “registered and de-registered” abroad, the frugal buyer’s instinct is to take the discount. But the CMTA argues that this 15% depreciation benefit – intended for genuine used cars – is being leveraged as a loophole for zero-mileage vehicles.
For the savvy buyer, this raises a fundamental question of transparency. If the entry price of a vehicle is built on a “procedural” technicality rather than actual wear and tear, where else is the transparency lacking? Does the lower price reflect a genuine saving passed to the consumer, or does it mask a lack of manufacturer-backed after-sales support?
When a buyer chooses an authorised agent, they are essentially purchasing an insurance policy against the unknown. With a five-year manufacturer warranty, the financial burden of a faulty transmission or a software glitch stays with the global giant that built the car, not the local owner. In an era where vehicles are increasingly “computers on wheels,” the technical specialised tools and genuine parts held by authorised agents are no longer a luxury – they are a necessity for longevity.
The CMTA’s perspective also invites the buyer to look at the “Big Picture.” Every time a vehicle is imported under an under-declared value or an artificial depreciation bracket, it isn’t just a loss for the Treasury; it is a blow to the country’s foreign exchange discipline.
“A savvy buyer today is more informed than ever. They realize that a “cheap” import with no service history and no tropicalised specifications may eventually become a “minus” on the balance sheet. Frequent repairs and lower resale value can quickly evaporate the initial few lakhs saved at the point of purchase. Ultimately, the choice between brand new and used is a choice between certainty and speculation,” the Association says.
The CMTA is advocating for a level playing field where duty is based on true transaction value. Until that day comes, the burden of due diligence rests on the consumer. To be a “savvy buyer” in 2026 means looking past the showroom shine and asking: Who stands behind this car if something goes wrong tomorrow?
In conclusion, CMTA says,” For those seeking long-term peace of mind, the “brand new” path – supported by a transparent duty structure and a solid warranty – remains the gold standard for steering Sri Lanka’s complex automotive landscape.”
Before signing the papers on a reconditioned vehicle, the CMTA suggests buyers evaluate the four “minus” factors against a “brand new” purchase:
By Sanath Nanayakkare
Business
Spa Ceylon launches initiative to support women entrepreneurs
Spa Ceylon has unveiled ‘Her Business Matters’, a nationwide initiative running throughout March 2026 to provide growth support for women-led businesses in Sri Lanka.
The program will select five women entrepreneurs weekly for brand amplification through Spa Ceylon’s marketing reach, influencer partnerships, and community network. Eligible applicants must be female founders manufacturing or producing locally.
Selected participants will attend a development workshop in Colombo featuring business leaders and industry experts covering social media strategy, advertising, compliance, brand positioning, and scaling. Spa Ceylon resource personnel will also host category-specific fringe events.
Co-Founder & Group Director Shalin Balasuriya stated the initiative moves “beyond surface-level marketing” to create lasting community impact, inspired by the brothers’ upbringing with an entrepreneurial mother.
Applications are accepted via Spa Ceylon’s social media platforms throughout this month.
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