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`People swept away by economic tsunami’ -Eran
The main opposition SJB says that Sri Lanka is the only country in the world that has faced unprecedented price increases of essential commodities such as gas and fuel.
Addressing the media at the SJB office in Kirulapone, SJB MP Eran Wickramaratne on Sunday said that during the same period Sri Lanka degenerated into a dangerous situation with regard to its foreign exchange reserves.
Wickramaratne said even the countries in the Asian region had recorded a positive GDP growth, FDI and foreign reserves.
Before the start of the press conference, Wickramaratne observed a two-minute silence in remembrance of the tsunami victims, where over 35,000 Sri Lankans were killed 17 years ago on Boxing Day 2004.
Wickramaratne said that Sri Lankans were looking for solutions brought forward by an individual, a President, which had been greatly disappointing. As a result, the country had plunged into an Economic disaster through autocratic policies and family rule.
“In a society problems are complex and there are no easy solutions. There is a need for a wise leader who should have the support of a team who are honest and have proven expertise and experience in governance and economic management. People’s belief in an individual’s ability to steer the nation has ended in disarray ushering autocratic family rule. Higher officials take no responsibility for decision-making as their views and opinions are often disregarded.”
“Because of this family rule, the higher officials say they were not part of the decision-making process even though they were present at such discussions. Even the Cabinet of Ministers claims that they were not aware of Cabinet decisions, even though the Cabinet secretary has publicised those decisions. It proves the decisions are taken by a closed coterie, and the ministers have become just on-lookers. Recently, the Agricultural Ministry Secretary, who is an agricultural scientist, was removed from his position as he warned of the possibility of starvation due to the decision not to import chemical fertiliser. The Secretary had pointed out that it was due to ill advice and a dead rope given to the President by people who did not know the subject,” the former banker turned politician said.
Elaborating further, the MP explained that the promotion of myths and lies made people believe in an individual or family being able to rescue the nation. Speaking on corruption that had engulfed the country, he pointed out that millions of dollars had been paid for unseen aircraft and unseen fertiliser.
He said that Sri Lanka was an exception where revenue from exports, foreign direct investment had gone down due to economic mismanagement rather than the Covid pandemic. Almost all countries were affected by the pandemic, but not a single country was as badly affected as Sri Lanka, because of better economic management in those countries.
“The people of this country are being swept away by the economic tsunami just as they were swept away by the tsunami in 2004,” he said.
The MP referred to the irrational management of the exchange rate and forcing Sri Lankan workers overseas to convert their Dollar remittances at banks at Rs 200 per Dollar while the gray market was over Rs 250 per Dollar. The overvalued Sri Lankan Rupee logically encourages exporters to under invoice their exports in Dollars. Poor exchange rate management has caused foreign reserves to plunge to dangerously low levels.
Over 1.5 trillion Rupees of money printing by the Central Bank has been the main contributory factor pushing inflation into double digits within a short period. The average inflation rate of 2014-2019 of 3.5% has shot up to an average inflation rate of over 10% in 2019-2021. The inflation rate in November has exceeded 11%, Wickramaratne said.
News
JSA opposes move to extend retirement ages of superior court judges
The Judicial Service Association (JSA), which represents the country’s magistrates and district judges, has unanimously adopted a resolution opposing the government’s proposed extension of the retirement age of superior court judges.
The resolution was passed at a special general meeting held at the Kaduwela Magistrate’s Court premises, attended by 65 magistrates and district judges from across the country.
The meeting was convened following the resignation of JSA President Pasan Amarasena, who stepped down in protest over the holding of the meeting.
According to the resolution, all members present voted in favour of opposing the proposed extension of the retirement age of Supreme Court and Court of Appeal judges.
Amarasena resigned after facing criticism for unilaterally expressing support for extending the retirement age of the Chief Justice. Following his resignation, JSA Secretary Suranga Munasinghe issued a statement to members rejecting the allegations contained in Amarasena’s resignation letter.
Meanwhile, former Health Minister Dr. Rajitha Senaratne claimed the government’s attempt to extend the tenure of superior court judges was aimed at securing their support in pursuing what he described as a campaign of political revenge against Opposition members.
Addressing a meeting at the Sri Lanka Freedom Party headquarters on Darley Road, Colombo, Senaratne argued that if the government’s justification was to retain experienced judges and avoid vacancies, similar retirement age extensions should also be granted to other professions, including university academics.
“The judges themselves have now unanimously opposed the government’s move, as reflected in the outcome of the Judicial Service Association’s special general meeting at Kaduwela,” he said.
by Chaminda Silva
News
Next two weeks critical as dengue risk soars
Mosquito larvae density in Sri Lanka’s Western Province has increased significantly, making the next two weeks an extremely high-risk period for dengue transmission, according to Consultant Physician Dr. Ananda Wijewickrama, a member of the Expert Committee on Dengue Management.
Speaking during a television programme, Dr. Wijewickrama warned that based on the current trend of dengue transmission, the situation could become more serious than the country’s 2017 dengue outbreak.
He said hospitals in the Western Province have already exceeded their capacity due to the sharp increase in patient admissions, with some facilities being forced to accommodate two or even three patients in a single hospital bed.
Also speaking during the programme, Prof. Neelika Malavige of the University of Sri Jayewardenepura said early signs of the current outbreak had been visible as far back as December and January.
“We could already see indications of this in December and January. With the current changes, the trend is not encouraging. We usually see an increase in dengue cases during the Southwest Monsoon period from May to July, and again during the Northeast Monsoon from November to January. When such conditions are expected, we need to be prepared in advance. After that, from February to April, we experienced extremely high temperatures, and mosquito breeding tends to slow down during periods of excessive heat,” she said.
Professor Malavige also noted that three dengue vaccines have been approved in various countries and are currently being used in several Asian nations, including Indonesia, the Philippines, Thailand, Vietnam and Malaysia.
“However, there are many factors Sri Lanka would need to consider before introducing a dengue vaccine. It would not have an immediate impact on reducing an epidemic. The vaccine requires two doses, and it takes time for immunity to develop after vaccination. However, for people who have previously been infected with dengue, the vaccine has shown very good effectiveness,” she said.
Sri Lanka has so far reported 66,064 dengue cases this year, while the death toll has risen to 46.
A total of 10,685 cases were reported during the first nine days of July alone, including 1,030 new infections reported yesterday.
Of the total number of cases, 52.7% have been reported from the Western Province. Gampaha District has now overtaken Colombo District as the area recording the highest number of dengue infections.
Meanwhile, amid the heightened risk, special dengue control operations involving members of the armed forces were carried out today in several parts of the country.
by Pradeep Prasanna Samarakoon
News
Budget 2027 on Nov. 12
The second reading of the 2027 Appropriation Bill will be presented in Parliament on November 12, the Ministry of Finance announced.
The Ministry said the Bill will be published in the Government Gazette on September 18 and presented for its first reading in Parliament on October 7.
The draft Appropriation Bill for 2027, which sets out the proposed expenditure allocations for each Ministry, is scheduled to be submitted to the Cabinet for approval on September 14.
According to the Ministry, the second reading debate on the Budget will be held from November 13 to 20, while the Committee Stage debate is scheduled from November 21 to December 14.
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