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‘Golden Memories & Sensational Melodies’ – A Tribute to Legacy and Charity

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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.



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SEC Sri Lanka eases Minimum Public Holding Rules for listings via introductions to boost market flexibility

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The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Colombo Stock Exchange (CSE) Listing Rules to provide greater flexibility regarding the Minimum Public Holding (MPH) requirement for companies listing through the Introduction method.

These revisions were proposed and deliberated under Project 6 – New Listings (Public and Private), one of 12 key strategic initiatives launched by the SEC to strengthen Sri Lanka’s capital market framework. Project 6 aims to drive national capital formation, promote listings by highlighting benefits and opportunities for listed entities, and attract large-scale corporates to enhance market depth, liquidity, and investor confidence.

The amendments reflect a joint effort by the SEC and CSE, underscoring strong collaboration between the regulator and the Exchange to address evolving market needs while maintaining market integrity, transparency, and investor protection.

The salient features of the amendments to the CSE listing Rules are as follows;

Entities seeking listing by way of an Introduction on the Main Board or Diri Savi Board that are unable to meet the MPH requirement at the time of submitting the initial listing application, may now be granted a listing, subject to certain conditions on compliance.

Non-public shareholders who have held their shares for a minimum period of eighteen months prior to the date of the initial listing application may divest up to a maximum 2% of their shares each month during the six months commencing from the date of listing, and simultaneously, be subject to a lock-in requirement of 30% of their respective shareholdings as at the date of listing, until MPH compliance or 18 months from the date of listing, whichever occurs first.

A phased MPH compliance framework has been introduced requiring a minimum 50% compliance with MPH requirement within 12 months and full compliance within 18 months from the date of listing.

Entities should include clear disclosures in the Introductory Document confirming their obligation to meet MPH requirements within the prescribed timelines.

In the event of non-compliance with the MPH requirement, certain enforcement actions have also been introduced.

The revised framework is expected to encourage more companies to consider listing via Introduction, thereby broadening market participation, improving liquidity, and contributing to the overall development of Sri Lanka’s capital market. Issuers, investors, and market intermediaries will benefit from a more enabling yet well-regulated listing environment.

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Manufacturing counters propel share market to positive territory

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Stock market activities were positive yesterday, mainly driven by manufacturing sector counters, especially Sierra Cables, Royal Ceramics and ACL Cables. Further, there was some investor confidence in construction sector counters as well.

Amid those developments both indices moved upwards. The All Share Price Index went up by 150.54 points, while the S and P SL20 rose by 41.5 points. Turnover stood at Rs 4.65 billion with six crossings.

Those crossings were reported in Royal Ceramics which crossed 3.8 million shares to the tune of Rs 174.3 million; its share s traded at Rs 45.20, VallibelOne 1.4 million shares crossed to the tune of Rs 138.6 million; its shares traded at Rs 99, Melstacorp 500,000 shares crossed for Rs 87.24 million; its shares traded at Rs 174.50, Sierra Cables two million shares crossed for Rs 68.2 million, its shares sold at Rs 34.30, Kingsbury 1.5 million shares crossed for Rs 31.8 million; its shares traded at Rs 21.20.

In the retail market companies that mainly contributed to the turnover were; Sierra Cables Rs 418 million (20 million shares traded), Royal Ceramics Rs 363 million (eight million shares traded), Colombo Dockyards Rs 323 million (1.7 million shares traded), ACL Rs 311 million (3.5 million shares traded), Renuka Agri Rs 149 million (12.3 million shares traded), Sampath Bank Rs 94.7 million (648,000 shares traded) and Bogala Graphite Rs 86.4 million (529,000 shares traded). During the day 122.8 million shares volumes changed hands in 34453 transactions.

Yesterday the rupee opened at Rs 310.00/25 to the US dollar in the spot market, weaker from Rs 310.00/310.20 the previous day, dealers said, while bond yields were broadly steady.

By Hiran H Senewiratne

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Atlas ‘Paata Lowak Dinana Hetak’ celebrates emerging artists nationwide

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Atlas, Sri Lanka’s leading learning brand, reaffirmed its purpose of making learning fun and enjoyable through the Atlas All-Island Art Competition 2025, which concluded with a gifting ceremony held recently at Arcade Independence Square under the theme ‘Atlas paata lowak dinana hetak’. Students from Preschool to Grade 11 showcased their talents across five categories, with all island winners receiving cash prizes, certificates, and gift packs. Additionally, merit winners in each category were also recognized. The event brought together students, parents, and educators, highlighting Sri Lanka’s cultural diversity, nurturing young talent, and reinforcing Atlas’s long-standing commitment to education, creativity, and building confidence among schoolchildren. The event concluded with the ‘Atlas Art Carnival’, which brought children and parents together through games and creative art activities in a fun and lively atmosphere.

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