News
Take from super-rich to come out of economic rut brought about by pandemic, suggests FSP

By Anuradha Hiripitiyage
The only way out of the economic crisis, brought about by COVID-19, was to use enormous amounts of money and assets that were hoarded by the super-rich, Education Secretary of the Frontline Socialist Party (FSP) Pubudu Jayagoda said.
Jayagoda said that it was not only a solution for Sri Lanka but for the entire world.
Sri Lanka needed to change its entire state policy if it wanted to get out of the economic crisis it now faced, he added.
Jayagoda said that the entire state policy was geared to satisfy major companies and powerful individuals and the issues faced by the people were ignored.
“For example, this government reduced the tax imposed on companies by 50% but has increased taxes that affect the average person. This is not something this government alone has done. This is what all governments have done.”
Governments around the world should change their policies so that they could use the assets in the possession of the super-rich, Jayagoda said.
“All the wealth of the super-rich has come from the surplus value created by workers. We need to redistribute that wealth. But the current government policies are aimed at doing the opposite.”
The FSP Education Secretary also said that the spread of COVID-19 was about to spiral out of control. The health sector carried out about 13,000 PCR and Rapid Antigen Tests a day and between 700 and 900 tested positive, which was between 5-6%.
“According to the WHO this is a serious situation. It is true that we can’t keep the country open and protect people but I don’t think letting people die or suffer to keep the economy going is an acceptable solution. We can easily take a fraction of the wealth hoarded by the super-rich and use that to protect the people. But governments around the world are on the side of the rich.”
Jayagoda said that the price of rice were an example of how the powerful businessmen and the government had got together to fleece the average citizen. A kilo of Samba rice was over Rs. 100 and the average price of a kilo of Nadu was about Rs. 96.
“However, the paddy production in 2020 was 1.2 million metric tonnes more than 2019. Surely, this is not a problem of short supply. The prices have increased because the mill owners are manipulating the prices and the government has no distribution mechanism. Other government policies are the same. That’s why we need to overhaul the state policies to come out of the economic rut.”
News
COPE discovers fake documents covering drug imports in 2022/23

The Parliamentary watchdog Committee on Public Enterprises (COPE) has found that there were fake documents regarding the importing of medicines under the emergency procurement system in 2022 and 2023.
This was revealed during a COPE meeting held at Parliament probing the transactions of the National Medicine Regulatory Authority (NMRA).
NMRA CEO Saveen Semage told the committee that several fake documents have been found due to the lack of registration of medicines.
Stating that six such fake documents were found last year alone, Semage said he had recorded statements regarding each of the documents with the Financial Crimes Investigation Division.
He revealed that, however, no investigations have been conducted yet into the incidents.
“We have documents with confessions from a woman accepting that fake documents had been made. However, a statement has not even been recorded from that woman yet,” he said.
Meanwhile, COPE member MP Asitha Niroshana Egoda Vithana also revealed that the highest number of waive-off registrations (WOR) for medicines had been obtained in 2022 and 2023.
He said 656 such WORs had been obtained in 2022 and 261 in 2023, adding that this proves that discrepancies have taken place during the emergency procurement of medicines during these periods.
Furthermore, Deputy Director General of the Medical Supplies Division of the Health Ministry, Dr. G. Wijesuriya said discussions are underway on allowing the State Pharmaceutical Corporation (SPC) to directly import essential medicines.He pointed out that it was essential to take a policy decision in this regard as a solution to mitigate such discrepancies.
News
Batalanda report tabled in parliament, forwarded to AG

The Batalanda Commission report was tabled in Parliament on Friday by the Leader of the House and Transport Minister, Bimal Ratnayake.
Minister Ratnayake announced that the government has decided to forward the report to the Attorney General for legal advice. Additionally, a Presidential Committee will be appointed to provide guidance and recommendations on how to proceed with the findings of the report.
Ratnayake said that the Cabinet of Ministers, along with President Anura Kumara Dissanayake, has made a policy decision to take necessary action in response to the report. He reassured the public that steps are being taken to ensure that such a dark chapter in the country’s history is never repeated.
Minister Ratnayake said that a two-day debate on the Batalanda Commission report will be scheduled in Parliament at an appropriate time, allowing for a detailed discussion on the report’s findings and recommendations.
The report, which will be printed in all three official languages—Sinhala, Tamil, and English—will be made available to the public in the near future. Ratnayake confirmed that printed copies would be provided to members of Parliament as well as the general public for their review.
The Leader of the House further revealed that there are 28 evidence volumes associated with the commission’s work, which will be submitted to Parliament at a later date for further scrutiny.
Ratnayake said that as entire country concerned of the Batalanda Commission’s findings, the government’s commitment to addressing the issues raised and preventing future atrocities stands clear. The next steps, including legal action and policy recommendations, will be shaped by expert advice and informed parliamentary discussions, he said.
News
CB Governor stresses need to assist crisis-hit construction industry

Governor of the Central Bank Dr. Nandalal Weerasinghe on Friday (14) emphasized the importance of promoting a sustainable and cost-effective construction industry in the country, highlighting key challenges and opportunities in the sector.
Speaking at ‘Construction Expo 2025’, Dr. Weerasinghe underscored the need for Sri Lanka to align with global trends in sustainable construction, integrating cost-effective energy solutions and eco-friendly building practices.
“I must say my views here are not necessarily as Governor of the Central Bank of Sri Lanka, but as a person looking at this construction industry and how this can be developed and what the issues are. Sustainability in construction is essential, not just for new projects but also for existing buildings,” he noted.
Dr. Weerasinghe acknowledged that the construction sector has been one of the hardest-hit industries due to multiple economic pressures in recent years including the decline in public investments, high material costs and the industry being dependent on government projects.
The CBSL Governor, who acknowledged that the government faced fiscal constraints, limiting infrastructure spending and delaying payments to contractors, said that however, the outstanding arrears had now been settled.
“Government did not have space to spend money for public investment, especially construction that had a significant impact on the industry in the last couple of years, plus the government inability to pay the arrears for a long period. That was an issue we all recognize that has been one of the adverse impacts the industry had in the past”, he expressed.
“Also the cost of materials went up significantly, partly because of foreign exchange shortages. As a result, the shortage had shot up the prices of construction materials, as well as depreciation of the currency, high interest rates, finance costs, and other factors. We all recognize that it had an adverse impact on the industry. It’s one of the worst affected industries because of all these factors.”
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