News

Those who bankrupted country should resign – Eran

Published

5 years ago

2022/03/3

The country has gone bankrupt due to shortages of fuel, electricity and essential commodities as there were no dollars, said SJB MP Eran Wickremaratne.

Addressing the media at the Economic Policy Centre at the Office of the Leader of the Opposition, in Colombo, the Member of Parliament also stated as follows: When there is no war or terrorism in the country, there are long queues at petrol stations without diesel. The Central Bank does not have the dollars to bring in fuel from vessels anchored outside the port. But the Central Bank governor is saying there is no shortage of dollars in the country is an irony.

Also, people are suffering from not being able to buy gas, milk powder, wheat flour and other essential commodities. In addition, there has never been a crisis in the history of independent Sri Lanka where people have been left without electricity, for want of diesel to run power plants.

Meanwhile, education of schoolchildren may be disrupted as no arrangements have yet been made to refuel the more than 30,000 school vans and buses carrying children during the second school term starting on the 7th. This is another blow to school education, already affected by Covid-19

Since the government does not have dollars, oil is purchased on a reloading process. Now the country is bankrupt as there is now a dollar shortage event to buy on a reload system.

The Opposition realised from the beginning that this government, which is greedier for power than the country, has no solution to these problems.

Therefore, even though the Opposition told the government to give priority to spending foreign reserves to meet the country’s needs, instead of using it for debt repayments, the government’s priority was to repay the debts on time to its allies who had bought the international sovereign bonds in the secondary market.

Now a situation has arisen where investors do not come forward to buy our international sovereign bonds.

Under this backdrop, the macroeconomic system has become unmanageable and weakening the banking system, and making it vulnerable to external economic pressures as a country.

Wickremaratne stressed that those who are responsible for the collapse of the country’s economic icons, the Central Bank, and the Ministry of Finance, should be removed from their posts and sent home.

“The Central Bank officials instead of discharging their responsibilities of maintaining inflation and financial stability are engaged in having discussions on how to counter the Opposition views on economy.” he said

He added that instead of the influx of foreign investors, due to the current economic situation in Sri Lanka, there is a tendency for local investors to shift their investments to other countries.

He said it was unfortunate that Sri Lankan investors, engaged in the tourism sector, have now shifted their investments to the Maldives as the country did not see any improvement in the aftermath of the Corona epidemic.

The government, which tried to hide behind the corona about the bankruptcy of the country’s economy, is now making use of the Russian war for the same.

There is no response from the responsible parties of the government to the present economic crises. The Minister of Finance does not even come to Parliament to answer questions raised by the Opposition in Parliament.

When asked why he was not coming, it was said that he was preparing to go to India, but it is reported that Basil Rajapaksa has been informed by India not to undertake the visit to India at the moment.

Wickremaratne stressed that the government should give priority to meeting the needs of the people, even by delaying or restructuring the debt-repayment in order to rebuild the country, which was in crisis due to government giving prominence to settle the ISBs which is reported to have been purchased by its cronies in the secondary market aimed at 100 percent profit.

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Navy Commander attends Trans-Regional Seapower Symposium in Italy

Published

11 hours ago

2026/10/12

Priyan

The Commander of the Sri Lanka Navy, Vice Admiral Damian Fernando attended the 15th edition of Trans-Regional Seapower Symposium, organised by the Italian Navy in Venice in Italy, on 6 and 7 October 2026.

The symposium was held at the Italian Navy‟s historic Arsenal in Venice under the theme “From Regional Waters to Global Influence: Generating Effects Across the Midland Seas of the World”.

Organised biennially by the Italian Navy since 1996, the symposium brings together heads of foreign navies, naval representatives, academics, industry representatives and scientific researchers to discuss maritime security and the role of regional maritime dynamics in shaping the global balance.

The sessions of the symposium aimed to present an analysis of the relevance and influence of regional dynamics on global balances and their relative implications within the maritime domain.

Thus, topics discussed included; ‘Geopolitical Background: Global and Regional Dynamics in Comparison,’ ‘Pivotal Role of Cooperation among Regional Alliances as Security Providers,’
‘Maritime Regional Security Complexes, Global Order and Sea-Based Flows – What Role for Navies?,’ ‘New Arctic Chessboard: Seapower, Resources and the Race for Connectivity,’ ‘Future-
Proof Capabilities: A Naval Force Designed to Operate Across Oceans, Act Within Regions and Deliver Effects on the Ground,’ ‘Future Seas: Industrial Scale, Decisive Mass and Innovation –
Securing the Maritime Domain’ and ‘Future-Proof Leadership: Preparing Maritime Commanders and Sailors for Complexity,’

Cooperation fostered through symposiums of this nature, which bring together a multitude of global maritime stakeholders, will enable the Sri Lanka Navy to respond collectively to maritime
challenges, in pursuit of maintaining a safe, secure, prosperous and a stable ocean region.

Latest News

Heavy showers about (100-150) mm are likely at some places in the Central, Sabaragamuwa, Uva and Southern provinces

Published

11 hours ago

2026/10/12

Priyan

WEATHER FORECAST FOR 13 October 2026
Issued at 2.00 p.m. on 12 October 2026 by the Department of Meteorology

A low-pressure area may form over the southeastern Bay of Bengal by 13 October.

Under the influence of this system, an increase in rainfall is expected over the island and the deep and shallow sea areas around the island during the next few days from tomorrow (13).

The general public, as well as the naval and fishing communities, are requested to be attentive to the future forecasts and bulletins issued by the Department of Meteorology in this regard.

Heavy showers about (100-150) mm are likely at some places in the Central, Sabaragamuwa, Uva and Southern provinces.
Fairly heavy showers above 75 mm are likely at some places in the other areas of the island. Showers or thundershowers will occur in most parts of the island.

The general public is kindly requested to take adequate precautions to minimize damage caused by temporary localized strong winds and lightning during thundershowers.

Misty conditions can be expected at some places in the Sabaragamuwa, Central and Uva provinces during the early hours of the morning.

News

Elephant enrichment programme centred on the Thabbowa Reservoir proves successful

Published

12 hours ago

2026/10/12

Priyan

As part of the new government’s initiative to formulate scientifically grounded, long-term solutions to the human-elephant conflict, a programme aimed at sustainably fulfilling the natural food and water requirements of wild elephants within forest ecosystems is being successfully implemented.

Spearheaded by the Ministers of Environment, guided by the Secretary to the Ministry of Environment, and supported by all affiliated institutions, this initiative transforms tanks (reservoirs) and forest tracts in high-conflict areas into enriched zones for wild elephants.

To facilitate this forest enrichment drive, 113 forests have already been declared protected reserves under the Vanaspathi National Programme. The initial phase of establishing tank enrichment zones was launched around the Kala Wewa and Thabbowa reservoirs.

Accordingly, the Ministry of Environment and ‘Clean Sri Lanka’ jointly carried out an initiative to develop these reservoir
catchments into designated enrichment zones.

A year ago, an operation to eradicate invasive plant species that posed a severe environmental threat to the Thabbowa reservoir precinct was conducted with the comprehensive labour and
technical support of government officials, environmental scientists, the tri-forces, and residents.

Since the new government’s policy of “A Sustainable Biosphere, An Evergreen Life” is practically implemented at the ground level, officials from the Department of Wildlife Conservation and the Department of Forest Conservation have been continuously monitoring the ongoing progress and
field conditions of this collaborative project under ministerial directives.

During these field reviews, it was observed that following the removal of invasive flora, the tendency of wild elephants to wander into villages searching for sustenance has notably declined; instead, they increasingly frequent the naturally regenerated grasslands along the reservoir fringes.

Having proven this ecological model’s success through trials at Thabbowa and Kala Wewa, the Ministry of Environment has finalized all necessary blueprints to swiftly replicate it across other sensitive wetland systems and reserve zones where human-elephant conflict is prevalent.

By enriching wildlife habitats, this sustainable, eco-friendly, and scientific strategy protects human lives and cultivated farmlands while securing space for wild elephants in their native habitats, continuing to show promising results across high-conflict regions.