Opinion
A Postscript to ‘Political Crisis: A Way Out’
By Chandra Jayaratne
The Island of Saturday 14th May 2022, published a proposal, submitted by the former President Chandrika Bandaranaike Kumaratunga, to leaders of political parties and civil society organisations, wherein, admirably, the essential need for adequate representations, by youth and women in governance, are given recognition. Prior to that, the Bar Association of Sri Lanka (BASL) had submitted a 13-point proposal to restore economic and political stability in Sri Lanka. The writer respectfully recognizes the aforesaid proposals are caring leadership initiatives of significant value in the current socio-political and economic crisis risking the stability and future of Sri Lanka and its people.
The writer agrees with the short-term focus as set by the BASL stating as its objective:
* To create political, economic and social stability in the country.
* To create an environment to address the fundamental problems that have brought about the current crisis (and imperil future reforms).
* To restructure external debt and enter into appropriate programmes with multi-lateral institutions, including the IMF, and for that purpose to appoint the financial and legal advisers and negotiate a debt standstill pending debt restructuring.
* To obtain bridging finance. The bridging finance together with the savings arising from the debt standstill to be used to procure uninterrupted supply of essentials to the People until such time the debt restructuring, and the IMF programme is in place. This will eliminate the shortages in power, fuel, gas, medicines, food, etc.
* To create an environment to combat corruption and to ensure accountability and strengthening independent institutions.
And towards an overarching requirement of a stable government with the ability to implement reforms, domestically, and the ability/credibility to negotiate with the IMF, other multilateral agencies, and friendly countries to help Sri Lanka get out of the economic crisis.
However, this proposal has failed to take account of the need to use this crisis as an opportunity to introduce critical systems changes demanded by the ‘Aragalaya’ and implement critical change management options for long term good governance with democratic rights, equity, equality, and the rule of law being strengthened.
The writer wishes to take this opportunity to add a postscript to the submission by the former President; which appears to have inadequately focused on the severe economic crisis, threatening Sri Lanka and its people; and disregarded some key demands of the stakeholders of the ‘Aragalaya’ relating to governance failures, rejection of the leaders of the present regime, control of corruption, recovery of proceeds of crime; as well as address important unresolved national questions and the need for strengthening fundamental rights, equity and the rule of law.
The highlights of the post scripts are briefly outlined hereinafter and sets out amendments required to the proposal by the former President, whist incorporating some of the excellent suggestions in the 13-point proposal of the BASL:
1. The Interim Government to be for a maximum period of 18 months, in order to re-establish a stable and solvent governance structure, at the end of which the interim administration stands dissolved, enabling a people’s choice-based new government to be elected
2. The governing party and the leading opposition party to get one nominated member from each of their parties to resign and make way for the nomination, with the concurrence of the Parliament, of (a) a retired Chief Justice with judicial integrity, independence, impartiality and track record of acceptance and (b) a mature politician with public acceptance, integrity, independence and track record of achievement and no allegations of corruption and moral turpitude
3. The incumbent President to resign immediately post 2 above and the nominated member of parliament elected under 2(a) above be elected as the President by the Parliament and such appointee to not engage in executive decision-making nor be a member of the Cabinet: whilst the nominated member elected under 2 (b) be appointed the Prime Minister and bound by a Code of Prime Ministerial Conduct and Ethics, having transparently established the capability (knowledge, skills, attitudes and values) and having duly declared publicly the appropriate declarations of assets/liabilities and all interests of the Prime Minister and his immediate family: with the vacancy in the nominated members created by election of the President being filled in by a economist with extensive experience in public finance and macroeconomic management, who in addition being a person with integrity, independence and track record of achievement and no allegations of corruption and moral turpitude; and such nominee be appointed as the Minister of Finance and Economic Affairs Management. These new appointments to take place at the earliest option.
4. An interim Cabinet be appointed charged with the responsibility and accountability regards the direction and control of the government, being collectively answerable to Parliament and be bound by a Code of Ministerial Conduct and Ethics; with appropriate amendments to article 52 (2) of the constitution where “the Secretary to the Ministry shall be the chief accounting officer of the Ministry and answerable to Parliament and bound by a Code of Conduct and Ethics, and to function in such capacity, subject to the policy direction and guidance of his Minister; and such Secretary shall exercise the control and supervision over the departments of Government or other institutions in the charge of his Minister and be accountable for professional good governance and effective decision-making and implementation, within the functions assigned”.
5. The Cabinet comprising of 15 Ministers be appointed by the President on the recommendation of the new interim Prime Minister and endorsed by a majority of members of the Parliament, post such nominees having established their capability (knowledge, skills, attitudes and values), integrity, independence and track record of achievement with no allegations of corruption and moral turpitude and having duly declared publicly their declarations of assets and a interests of the ministers and their immediate family. The Interim Government, in consultation with all relevant independent groups, including the youth representatives currently leading protests and apolitical Professional/Trade/Civil Society organisations to appoint, with the concurrence of Parliament, an independent Advisory Council, consisting of 15 qualified professionals from disciplines corresponding to the 15 Ministries or relevant to the national economy priorities (as recommended by the BASL); and such Council to be formed in place of the Council of State for National Policy recommended in the former President’s proposal; and this Independent Council should act as advisors of the Cabinet and be consulted on all major policy decisions of the government; the interim government will seek every option to build consensus and support of all parties represented in Parliament and the Advisory Council and where possible key stakeholders of the economy; the interim government will endeavor to publish White Papers on all major policy changes and restructure options proposed and will use such publications to build awareness and debate amongst citizen groups; and take heed of any positive and value adding suggestions emerging from such consultations and public advocacy.
6. The interim government should take immediate steps in resolving to the best of its ability, the shortages of essential goods, medicines and fuel supplies and services experienced by citizens.
7. The currently functioning selected three overseas resident advisors charged with advisory on debt restructure, etc., together with two younger economists resident in Sri Lanka working outside the public services, be appointed as accredited ambassadors of Sri Lanka with Cabinet Ranking; and the five-member team will collectively with the Sri Lanka High Commissioner in India, the Governor of the Central Bank, Secretary to the Treasury and the newly appointed Minister of Finance be responsible to negotiate with the IMF, International Financial Organizations and Donor Countries; and also agree the essential fiscal consolidation measures, steps leading to stability of the financial and banking systems, bridging finance arrangements, agreeing a strategic plan to ensure debt sustainability by 2027, gaining acceptable sovereign ratings for the country and agreeing with creditors a programme of debt restructure; supported where necessary by external consultants and advisors with international expertise; and recommend such measures and action plans to be adopted by the new interim cabinet. The said team may appoint sub-committees made up of technocrats and persons with requisite expertise to support the development of reform agendas covering raising revenue to GDP to 12-15% over the next three years and enhance it to 18% by year six, where the ability to pay by those with capacity to contribute, bear the brunt of the enhanced taxes; and over time the ratio of indirect to direct taxes should move from 80/20 to 60/40;
State expenditure rationalisation, (with special focus on defence, administration and nonessential projects and capex), embedding strict austerity measures, national resource allocation prioritizations and justification assessments on economy, efficiency and effectiveness of approved spends seeking positive socio economic outcomes; and develop key long term budget assumptions, fiscal outcomes and fiscal responsibility key performance targets;
Develop plans to optimize value adding growth in GDP, gradually reaching 5-8% by 2027, with enhanced and diversified export incomes, promoting savings and local and foreign investments; to develop essential reform options, including policy and regulatory changes, digitization, fiscal adjustments and factor productivity enhancements along with other change management restructure options for long term growth and stability
designing an effectively administered ICT driven ‘Aadhaar’ type scheme for establishing a strong social “Safety Net” targeting to protect the interests of the elderly, poor, marginalized and vulnerable segments of society;
Identifying change management and restructure options for improved productivity, technological advancement, human resource development for the next generation of value optimization, quality and outcomes in the operations of ministries, departments, state establishments and state-owned enterprises.
8. The interim Government will be accountable for undernoted legal and regulatory reforms:
a. Promptly bring back the 19th Amendment to the constitution with appropriate amendments that remove well established weaknesses and operational lacunae for effective good governance; with democratic rights, rule of law and justice systems strengthened, whilst enhancing the operational scope and framework, financial independence, transparency, accountability with appropriate checks and balances of the Constitutional Council, Independent Commissions, the Central Bank and the Auditor General.
b. Introduce a new Constitution that abolishes the Executive Presidency replaced with a head of state; strengthens the system of governance with appropriate checks and balances and enhancing accountability of the executive; with no immunity for any actions of governance violating democratic rights, equity and equality of citizens, rule of law, mismanagement and failing to place the interests of the nation and its people first, in all executive decision-making; promoting equitable resource allocations, protection of the environment and recognizing the interests of the poor and vulnerable segments of society; introducing a bill of rights expanding and updating the Fundamental Rights chapter (including Socio Economic Rights): Resolving the National Question and facilitating the devolution of power going beyond the 13th Amendment; equating the rights of all citizens irrespective of race, religion or status and making way for a truly harmonious and peaceful plural society, with equity and equality in all respects enabling the establishment of a truly Sri Lankan identity, that celebrates unity in diversity; and change the electoral system to a mix of first past the post and proportional representation.
c. Introduce required law/regulatory reforms connected with combating corruption and recovery of proceeds of crime, by enacting a Proceeds of Crime Act (including powers of Civil and Criminal Forfeiture and Asset Management); Serious Financial & Organized Crime Agency Act; Company Law Reforms-(Expanding the Provisions of Part XXI- Offences of the Companies Act No. 7 of 2007) and incorporate changes and update bribery and money laundering laws and the criminal procedures code (including incorporating new offences identified in the United Nations Convention on Anti-corruption, e. g. Trading influence; Abuse of functions; Illicit enrichment; Embezzlement of property; Concealment (both private and public sector); Bribery in private sector; Bribery of foreign public officials): Networking the Inland Revenue, Customs, Excise, BOI, SEC, Central Bank and Financial Intelligence Units with a newly established Directorate of Revenue Enforcement and an Independent Office for Serious Financial Crimes prosecution, for collective initiatives in the Recovery of Proceeds of Crime and Illicit Financial Flows;
d. Enact and enforce Codes of Conduct and Ethics governing elected representatives and regulations governing conduct of election campaigns and campaign finances; and introduce necessary amendments to the Declaration of Assets and Liabilities Law enabling the publication of the declarations of Assets and Liabilities of elected officials; and a system of recall where any such elected member with established charges of engaging in any acts of corruption and/or acts of moral turpitude;
e. Enact necessary amendments to the Monetary Law or promulgate new legislation to strengthen the independence of the Central Bank of Sri Lanka and amend the Audit Act to empower the Auditor General to direct law enforcement units to investigate and take action against any acts of Corruption or mismanagement in the state and state-owned enterprises.
f. Set up a Parliamentary Budget Office and strengthen the powers of the Committee on Public Finance, COPE and COPA, empowering them to make recommendations to the law enforcement authorities for action or for the Auditor General to impose surcharge under the Audit Act (duly amended to include the Ministry Secretaries as well). Proceedings of above Committees as well as Consultative Committees of Parliament and Sectoral Oversight Committees be open to the public;
g. Introduce Codes of Conduct and Ethics binding high post holders and senior management in state services and state-owned enterprises and make all public servants and legislators bound by compulsory reporting of noncompliance with Laws and Regulations (NOCLAR)
h. Update the Right to Information Act and Victims and Witness Protection Act avoiding the present shortcomings;
i. enact necessary amendments to the Monetary Law or promulgate new legislation to strengthen the independence of the Central Bank of Sri Lanka
9. All persons appointed to the Constitutional Council, Advisory Council and by the Constitutional Council and other High Post holders be persons with public acceptance, integrity, independence and track record of achievement and no allegations of corruption and moral turpitude:
10. Enact law/regulatory reforms and undertake change management leadership initiatives which improve factor productivity including labour, educational, technological and administrative reforms which enhances opportunities for export of goods and services led growth, foreign direct investments, diversify export basket, improve labour productivity and quality improvements, transparent and cost effective procurement systems and tender awards ( including rationalization of public holidays and lay off commitments)
11. Adopt a foreign policy which supports the long-term national interests;
12. Appoint a Special Presidential Commission of Inquiry to investigate into and report on the persons directly and indirectly responsible for the present state of the economy and purported bankruptcy of the nation, causing so much suffering, losses, mental trauma with disrupted the lives and livelihoods of the stakeholders of the society; and recommend what action should be taken against them in terms of the law and regulations; and what damages can be recovered from them.
Former President’s “Political Crisis: A Way Out” proposal amended as above, read together with the BASL proposal can be taken up by the ‘Aragalaya Group’ in developing the proposed “Galle Face Declaration” to be endorsed by the new interim government as a precondition to the protestors ending this youth led struggle for a system change, combined with a regime change and a new option to select the post struggle a new governance structure and peoples chosen representatives.
Opinion
Lakshman Balasuriya – Not just my boss but a father and a brother
It is with profound sadness that we received the shocking news of untimely passing of our dear leader Lakshman Balasuriya.
I first met Lakshman Balasuriya in 1988 while working at John Keells, which had been awarded an IT contract to computerise Senkadagala Finance. Thereafter, in 1992, I joined the E. W. Balasuriya Group of Companies and Senkadagala Finance when the organisation decided to bring its computerisation in-house.
Lakshman Balasuriya obtained his BSc from the University of London and his MSc from the University of Lancaster. He was not only intellectually brilliant, but also a highly practical and pragmatic individual, often sitting beside me to share instructions and ideas, which I would then translate directly into the software through code.
My first major assignment was to computerise the printing press. At the time, the systems in place were outdated, and modernisation was a challenging task. However, with the guidance, strong support, and decisive leadership of our boss, we were able to successfully transform the printing press into a modern, state-of-the-art operation.
He was a farsighted visionary who understood the value and impact of information technology well ahead of his time. He possessed a deep knowledge of the subject, which was rare during those early years. For instance, in the 1990s, Balasuriya engaged a Canadian consultant to conduct a cybersecurity audit—an extraordinary initiative at a time when cybersecurity was scarcely spoken of and far from mainstream.
During that period, Senkadagala Finance’s head office was based in Kandy, with no branch network. When the decision was made to open the first branch in Colombo, our IT team faced the challenge of adapting the software to support branch operations. It was him who proposed the innovative idea of creating logical branches—a concept well ahead of its time in IT thinking. This simple yet powerful idea enabled the company to expand rapidly, allowing branches to be added seamlessly to the system. Today, after many upgrades and continuous modernisation, Senkadagala Finance operates over 400 locations across the country with real-time online connectivity—a testament to his original vision.
In September 2013, we faced a critical challenge with a key system that required the development of an entirely new solution. A proof of concept was prepared and reviewed by Lakshman Balasuriya, who gave the green light to proceed. During the development phase, he remained deeply involved, offering ideas, insights, and constructive feedback. Within just four months, the system was successfully developed and went live—another example of his hands-on leadership and unwavering support for innovation.
These are only a few examples among many of the IT initiatives that were encouraged, supported, and championed by him. Information technology has played a pivotal role in the growth and success of the E. W. Balasuriya Group of Companies, including Senkadagala Finance PLC, and much of that credit goes to his foresight, trust, and leadership.
On a deeply personal note, I was not only a witness to, but also a recipient of, the kindness, humility, and humanity of Lakshman Balasuriya. There were occasions when I lost my temper and made unreasonable demands, yet he always responded with firmness tempered by gentleness. He never lost his own composure, nor did he ever harbour grudges. He had the rare ability to recognise people’s shortcomings and genuinely tried to guide them toward self-improvement.
He was not merely our boss. To many of us, he was like a father and a brother.
I will miss him immensely. His passing has left a void that can never be filled. Of all the people I have known in my life, Mr. Lakshman Balasuriya stands apart as one of the finest human beings.
He leaves behind his beloved wife, Janine, his children Amanthi and Keshav, and the four grandchildren.
May he rest in eternal peace!
Timothy De Silva
(Information Systems Officer at Senkadagala Finance.)
Opinion
The science of love
A remarkable increase in marriage proposals in newspapers and the thriving matchmaking outfits in major cities indicate the difficulty in finding the perfect partners. Academics have done much research in interpersonal attraction or love. There was an era when young people were heavily influenced by romantic fiction. They learned how opposites attract and absence makes the heart grow fonder. There was, of course, an old adage: Out of sight out of mind.
Some people find it difficult to fall in love or they simply do not believe in love. They usually go for arranged marriages. Some of them think that love begins after marriage. There is an on-going debate whether love marriages are better than arranged marriages or vice versa. However, modern psychologists have shed some light on the science of love. By understanding it you might be able to find the ideal life partner.
To start with, do not believe that opposites attract. It is purely a myth. If you wish to fall in love, look for someone like you. You may not find them 100 per cent similar to you, but chances are that you will meet someone who is somewhat similar to you. We usually prefer partners who have similar backgrounds, interests, values and beliefs because they validate our own.
Common trait
It is a common trait that we gravitate towards those who are like us physically. The resemblance of spouses has been studied by scientists more than 100 years ago. According to them, physical resemblance is a key factor in falling in love. For instance, if you are a tall person, you are unlikely to fall in love with a short person. Similarly, overweight young people are attracted to similar types. As in everything in life, there may be exceptions. You may have seen some tall men in love with short women.
If you are interested in someone, declare your love in words or gestures. Some people have strong feelings about others but they never make them known. If you fancy someone, make it known. If you remain silent you will miss a great opportunity forever. In fact if someone loves you, you will feel good about yourself. Such feelings will strengthen love. If someone flatters you, be nice to them. It may be the beginning of a great love affair.
Some people like Romeo and Juliet fall in love at first sight. It has been scientifically confirmed that the longer a pair of prospective partners lock eyes upon their first meeting they are very likely to remain lovers. They say eyes have it. If you cannot stay without seeing your partner, you are in love! Whenever you meet your lover, look at their eyes with dilated pupils. Enlarged pupils signal intense arousal.
Body language
If you wish to fall in love, learn something about body language. There are many books written on the subject. The knowledge of body language will help you to understand non-verbal communication easily. It is quite obvious that lovers do not express their love in so many words. Women usually will not say ‘I love you’ except in films. They express their love tacitly with a shy smile or preening their hair in the presence of their lovers.
Allan Pease, author of The Definitive Guide to Body Language says, “What really turn men on are female submission gestures which include exposing vulnerable areas such as the wrists or neck.” Leg twine was something Princess Diana was good at. It involves crossing the legs hooking the upper leg’s foot behind the lower leg’s ankle. She was an expert in the art of love. Men have their own ways. In order to look more dominant than their partners they engage in crotch display with their thumbs hooked in pockets. Michael Jackson always did it.
If you are looking for a partner, be a good-looking guy. Dress well and behave sensibly. If your dress is unclean or crumpled, nobody will take any notice of you. According to sociologists, men usually prefer women with long hair and proper hip measurements. Similarly, women prefer taller and older men because they look nice and can be trusted to raise a family.
Proximity rule
You do not have to travel long distances to find your ideal partner. He or she may be living in your neighbourhood or working at the same office. The proximity rule ensures repeated exposure. Lovers should meet regularly in order to enrich their love. On most occasions we marry a girl or boy living next door. Never compare your partner with your favourite film star. Beauty lies in the eyes of the beholder. Therefore be content with your partner’s physical appearance. Each individual is unique. Never look for another Cleopatra or Romeo. Sometimes you may find that your neighbour’s wife is more beautiful than yours. On such occasions turn to the Bible which says, “Thou shalt not covet thy neighbour’s wife.”
There are many plain Janes and penniless men in society. How are they going to find their partners? If they are warm people, sociable, wise and popular, they too can find partners easily. Partners in a marriage need not be highly educated, but they must be intelligent enough to face life’s problems. Osho compared love to a river always flowing. The very movement is the life of the river. Once it stops it becomes stagnant. Then it is no longer a river. The very word river shows a process, the very sound of it gives you the feeling of movement.
Although we view love as a science today, it has been treated as an art in the past. In fact Erich Fromm wrote The Art of Loving. Science or art, love is a terrific feeling.
karunaratners@gmail.com
By R.S. Karunaratne
Opinion
Are we reading the sky wrong?
Rethinking climate prediction, disasters, and plantation economics in Sri Lanka
For decades, Sri Lanka has interpreted climate through a narrow lens. Rainfall totals, sunshine hours, and surface temperatures dominate forecasts, policy briefings, and disaster warnings. These indicators once served an agrarian island reasonably well. But in an era of intensifying extremes—flash floods, sudden landslides, prolonged dry spells within “normal” monsoons—the question can no longer be avoided: are we measuring the climate correctly, or merely measuring what is easiest to observe?
Across the world, climate science has quietly moved beyond a purely local view of weather. Researchers increasingly recognise that Earth’s climate system is not sealed off from the rest of the universe. Solar activity, upper-atmospheric dynamics, ocean–atmosphere coupling, and geomagnetic disturbances all influence how energy moves through the climate system. These forces do not create rain or drought by themselves, but they shape how weather behaves—its timing, intensity, and spatial concentration.
Sri Lanka’s forecasting framework, however, remains largely grounded in twentieth-century assumptions. It asks how much rain will fall, where it will fall, and over how many days. What it rarely asks is whether the rainfall will arrive as steady saturation or violent cloudbursts; whether soils are already at failure thresholds; or whether larger atmospheric energy patterns are priming the region for extremes. As a result, disasters are repeatedly described as “unexpected,” even when the conditions that produced them were slowly assembling.
This blind spot matters because Sri Lanka is unusually sensitive to climate volatility. The island sits at a crossroads of monsoon systems, bordered by the Indian Ocean and shaped by steep central highlands resting on deeply weathered soils. Its landscapes—especially in plantation regions—have been altered over centuries, reducing natural buffers against hydrological shock. In such a setting, small shifts in atmospheric behaviour can trigger outsized consequences. A few hours of intense rain can undo what months of average rainfall statistics suggest is “normal.”
Nowhere are these consequences more visible than in commercial perennial plantation agriculture. Tea, rubber, coconut, and spice crops are not annual ventures; they are long-term biological investments. A tea bush destroyed by a landslide cannot be replaced in a season. A rubber stand weakened by prolonged waterlogging or drought stress may take years to recover, if it recovers at all. Climate shocks therefore ripple through plantation economics long after floodwaters recede or drought declarations end.
From an investment perspective, this volatility directly undermines key financial metrics. Return on Investment (ROI) becomes unstable as yields fluctuate and recovery costs rise. Benefit–Cost Ratios (BCR) deteriorate when expenditures on drainage, replanting, disease control, and labour increase faster than output. Most critically, Internal Rates of Return (IRR) decline as cash flows become irregular and back-loaded, discouraging long-term capital and raising the cost of financing. Plantation agriculture begins to look less like a stable productive sector and more like a high-risk gamble.
The economic consequences do not stop at balance sheets. Plantation systems are labour-intensive by nature, and when financial margins tighten, wage pressure is the first stress point. Living wage commitments become framed as “unaffordable,” workdays are lost during climate disruptions, and productivity-linked wage models collapse under erratic output. In effect, climate misprediction translates into wage instability, quietly eroding livelihoods without ever appearing in meteorological reports.
This is not an argument for abandoning traditional climate indicators. Rainfall and sunshine still matter. But they are no longer sufficient on their own. Climate today is a system, not a statistic. It is shaped by interactions between the Sun, the atmosphere, the oceans, the land, and the ways humans have modified all three. Ignoring these interactions does not make them disappear; it simply shifts their costs onto farmers, workers, investors, and the public purse.
Sri Lanka’s repeated cycle of surprise disasters, post-event compensation, and stalled reform suggests a deeper problem than bad luck. It points to an outdated model of climate intelligence. Until forecasting frameworks expand beyond local rainfall totals to incorporate broader atmospheric and oceanic drivers—and until those insights are translated into agricultural and economic planning—plantation regions will remain exposed, and wage debates will remain disconnected from their true root causes.
The future of Sri Lanka’s plantations, and the dignity of the workforce that sustains them, depends on a simple shift in perspective: from measuring weather, to understanding systems. Climate is no longer just what falls from the sky. It is what moves through the universe, settles into soils, shapes returns on investment, and ultimately determines whether growth is shared or fragile.
The Way Forward
Sustaining plantation agriculture under today’s climate volatility demands an urgent policy reset. The government must mandate real-world investment appraisals—NPV, IRR, and BCR—through crop research institutes, replacing outdated historical assumptions with current climate, cost, and risk realities. Satellite-based, farm-specific real-time weather stations should be rapidly deployed across plantation regions and integrated with a central server at the Department of Meteorology, enabling precision forecasting, early warnings, and estate-level decision support. Globally proven-to-fail monocropping systems must be phased out through a time-bound transition, replacing them with diversified, mixed-root systems that combine deep-rooted and shallow-rooted species, improving soil structure, water buffering, slope stability, and resilience against prolonged droughts and extreme rainfall.
In parallel, a national plantation insurance framework, linked to green and climate-finance institutions and regulated by the Insurance Regulatory Commission, is essential to protect small and medium perennial growers from systemic climate risk. A Virtual Plantation Bank must be operationalized without delay to finance climate-resilient plantation designs, agroforestry transitions, and productivity gains aligned with national yield targets. The state should set minimum yield and profit benchmarks per hectare, formally recognize 10–50 acre growers as Proprietary Planters, and enable scale through long-term (up to 99-year) leases where state lands are sub-leased to proven operators. Finally, achieving a 4% GDP contribution from plantations requires making modern HRM practices mandatory across the sector, replacing outdated labour systems with people-centric, productivity-linked models that attract, retain, and fairly reward a skilled workforce—because sustainable competitive advantage begins with the right people.
by Dammike Kobbekaduwe
(www.vivonta.lk & www.planters.lk ✍️
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