News
Group of Four affiliated to SLPP manipulates paddy prices, says DEW
Weerasumana warns of fresh youth unrest
by Shamindra Ferdinando
Former Minister DEW Gunasekera has alleged that the four major millers representing the interests of the ruling Sri Lanka Podujana Peramuna (SLPP) decides the price of rice, according to the Communist Party organ, Aththa (13 Feb).
DEW Gunalasekera last represented Parliament on the UPFA National List in 2015.
Addressing the Matara District Convention of the Communist Party recently, the one-time General Secretary of the party Gunasekera explained how the group of four bought about 46 percent of the total paddy production, hoarded and then released the stocks to the market a year later, thereby retaining the capability to decide the market prices.
The veteran politician said that the public were aware of the real reason for the crisis in the market due to manipulation of the market.
The Cabinet of Ministers on 27 Sept. last year removed the price controls imposed on rice, rescinding the previously issued Gazette Notification on maximum retail and wholesale prices of rice.
The former lawmaker, who had led the Committee on Public Enterprises (COPE) investigation into the Treasury bond scams perpetrated in 2015 February, told the CP gathering that corruption could never be eliminated. However, waste, corruption and irregularities could be controlled, the ex-MP said, underscoring the failure on the part of those responsible to correctly identify the daunting challenges faced by the country.
Pointing out the economic crisis experienced by the US economy, the former minister emphasised that both the US and Sri Lanka printed money excessively though our currency wasn’t acceptable for international trade.
Gunasekera stressed that the national economy was in bad shape as a result of the preparation of fiscal policies by successive governments to suit new-liberal strategies. Declaring the current crisis as the worst ever since the country gained independence over seven decades ago, Gunasekera advised the government that the overwhelming crisis couldn’t be resolved by printing money.
According to available official records the government during 2021 has printed a staggering Rs 678.33 bn.
Gunasekera urged the government to take tangible measures to enhance government revenue or face the consequences. The CP veteran recalled the relevance of the economic proposals once proposed by Dr. S. A. Wickremesinghe. The former Minister regretted that the crisis hasn’t resulted in a wider discussion involving all stakeholders as well as the public.
CP member Weerasumana Weerasinghe said that their party, too, was responsible for exploring ways and means of addressing current challenges.
Matara District MP Weerasinghe said that the country paid a huge price for wrong economic policies pursued by successive governments. The CP contested the last general election on the SLPP ticket. However, the CP could win only one seat whereas the promised National List was not given.
Pointing out that the growing unemployment posed quite a threat, lawmaker Weerasinghe said that the Matara district was the worst affected. Emphasising the urgent need to address the issues at hand, MP Weerasinghe said that the failure on the part of those responsible to address unemployment could create a dangerous situation. Referring to JVP-led insurgencies in 1971 and 1987-1990, MP Weerasinghe stressed the need to address the grievances of the youth.
When The Island asked ex-Minister Gunasekera whether he could name those who fixed the market prices of rice, he said there were two Polonnartuwa- based businessmen, in addition to Dudley Sirisena and State Minister Siripala Gamlath.
Gunasekera alleged that the government has caused a catastrophic situation by taking hasty decisions on matters of importance. The ban on fertiliser and agro chemicals was a glaring example of bad decision making, the former CP General Secretary said.
Business
“We Are Building a Stable, Transparent and Resilient Sri Lanka Ready for Sustainable Investment Partnerships” – PM
Prime Minister Dr. Harini Amarasuriya addressed members of the Chief Executives Organization (CEO) during a session held on Thursday [3 February 2026] at the Shangri-La Hotel, Colombo, as part of CEO’s Pearl of the Indian Ocean: Sri Lanka programme.
The Chief Executives Organization is a global network of business leaders representing diverse industries across more than 60 countries. The visiting delegation comprised leading entrepreneurs and executives exploring Sri Lanka’s economic prospects, investment climate, and development trajectory.
Addressing the gathering, the Prime Minister emphasized that Sri Lanka’s reform agenda is anchored in structural transformation, transparency, and inclusive growth.
“We are committed not only to ensuring equitable access to education, but equitable access to quality education. Our reforms are designed to create flexible pathways for young people beyond general education and to build a skilled and adaptable workforce for the future.”
She highlighted that the Government is undertaking a fundamental pedagogical shift towards a more student-focused, less examination-driven system as part of a broader national transformation.
Reflecting on Sri Lanka’s recent political transition, the Prime Minister stated:
“The people gave us a mandate to restore accountability, strengthen democratic governance, and ensure that opportunity is not determined by patronage or privilege, but by fairness and merit. Sri Lanka is stabilizing. We have recorded positive growth, restored confidence in key sectors, and are committed to sustaining this momentum. But our objective is not short-term recovery it is long-term resilience.”
Addressing governance reforms aimed at improving the investment climate, she said:
“We are aligning our legislative and regulatory frameworks with international standards to provide predictability, investor protection, and institutional transparency. Sustainable investment requires trust, and trust requires reform.”
Turning to the recent impact of Cyclone Ditwa, which affected all 25 districts of the country, the Prime Minister underscored the urgency of climate resilience.
“Climate change is not a distant threat. It is a lived reality for our people. We are rebuilding not simply to recover, but to build resilience, strengthen disaster mitigation systems, and protect vulnerable communities.”
Inviting CEO members to consider Sri Lanka as a strategic partner in the Indo-Pacific region, she highlighted opportunities in value-added mineral exports, logistics and shipping, agro-processing, renewable energy, pharmaceuticals, and innovation-driven sectors.
“We are not looking for speculative gains. We are seeking long-term partners who share our commitment to transparency, sustainability, and inclusive development.”
She further emphasized collaboration in education, research, vocational training, and innovation as essential pillars for sustained economic growth.
Concluding her address, the Prime Minister expressed appreciation to the Chief Executives Organization for selecting Sri Lanka as part of its 2026 programme and reaffirmed the Government’s readiness to engage constructively with responsible global investors.
The event was attended by the Governor of the Western Province, Hanif Yusoof, and other distinguished guests.


[Prime Minister’s Media Division]
News
Prez AKD congratulates BNP’s Tarique Rahman on B’desh election win
President Anura Kumara Dissanayake has extended his congratulations to the Bangladesh Nationalist Party (BNP) and its leader, Tarique Rahman, following their landslide victory in Bangladesh’s parliamentary elections.
“Best wishes to the people of Bangladesh for reaffirming their faith in democracy, and congratulations to Mr. Tarique Rahman on leading the BNP in these elections. The results reflect the trust placed in him. I look forward to strengthening ties between our two nations,” President Dissanayake said, in a post on ‘X’.
The Bangladesh Nationalist Party won a landslide parliamentary election on Friday, securing a resounding mandate in a pivotal vote that is expected to restore political stability in the South Asian nation.
The parliamentary election held on Thursday was Bangladesh’s first vote since the 2024 Gen Z-driven uprising that toppled long-time premier Sheikh Hasina.
Opinion polls had given BNP an edge, and the party lived up to the forecasts, with the coalition it dominates winning 209 seats to secure an overwhelming two-thirds majority in the 300-member Jatiya Sangsad, or House of the Nation, Jamuna TV showed.
Soon after it won a majority in the overnight vote-count, the party thanked and congratulated the people and called for special prayers on Friday for the welfare of the country and its people.
News
Massive Sangha confab to address alleged injustices against monks
A major Sangha conference will be held on February 20 at 2 PM at the All Ceylon Buddhist Congress (ACBC) Headquarters in Colombo, bringing together both monastic and lay communities to discuss concerns over alleged injustices against Buddhist monks, the Buddha Sasana, and the nation.
Speaking at a press conference in Colombo on Thursday (12), Roshan Maddumage, Deputy Chairman of the ACBC, said the primary aim of the conference is to highlight misconduct and draw government attention to these matters.
ACBC Chairman Chandra Nimal Wakishta emphasized that the country’s legal system appears to operate inconsistently. He noted that while police officers involved in the assault of a Catholic priest were prosecuted and jailed, no investigation has been conducted into police officers accused of assaulting Buddhist monks in Trincomalee.
Wakishta stressed that the Sinhala Buddhist community has historically not engaged in violence or promoted hatred. He added that the Maha Sangha play a central role in guiding and protecting the country and the state, and that harassment or attacks on monks indirectly harm the nation as a whole.
He explained that the decision to convene the Sangha conference stems from the urgency of addressing these serious concerns, with the event expected to serve as a platform for dialogue between the clergy, lay followers, and government representatives.
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