News
Cabraal defends govt. decision on ECT
By Shyam Nuwan Ganewatte
State Minister of Money and Capital Market and State Enterprise Reforms Ajith Nivard Cabraal yesterday said that obtaining the assistance of India was the ideal option for Sri Lanka in developing the East Container Terminal of the Colombo Port because the facility was expected mostly to be engaged in transshipment cargo to and from India.
Addressing the media at the Waters Edge in Battaramulla, the Minister said that India was the largest client obtaining the services of the ECT and most of the business of the terminal was destined to that country.
“There is no influence from India on our government in this regard. We can make use of this terminal working with Indians to their satisfaction.
“There are discussions on this issue even within our party. There could be different opinions. But we have to reach a compromise. It is difficult to work in a manner to accommodate each and every opinion. The government is ready and open to discuss any suggestion that would enable us to do this better.”
He said that as per the investment agreement Sri Lanka would have 51 percent control of it and there would be no selling or leasing of a part of the terminal. The government had to be realistic as to who should be allowed to invest in the project, the minister said in response to a question from a journalist.
Minister Cabraal said that the prevailing pressure on the rupee was a temporary phenomenon and that the situation would improve in the coming days.
The Colombo Stock Exchange (GL 12) has contributed LKR 25 million to the Rebuilding Sri Lanka Fund.
The cheque was handed over to the Secretary to the President Dr. Nandika Sanath Kumanayake by the Chairman of the Colombo Stock Exchange, Dimuthu Abeyesekera, the Chief Executive Officer Rajeeva Bandaranaike and Senior Vice Chairman Kusal Nissanka at the Presidential Secretariat.
News
Karu argues against scrapping MPs’ pension as many less fortunate members entered Parliament after ’56
Former Speaker of Parliament Karu Jayasuriya has written to President Anura Kumara Dissanayake expressing concerns over the proposed abolition of MPs’ pensions.The letter was sent in his capacity as Patron of the Former Parliamentarians’ Caucus.
In his letter, Jayasuriya noted that at the time of Sri Lanka’s independence, political participation was largely limited to an educated, affluent land-owning elite. However, he said a significant social transformation took place after 1956, enabling ordinary citizens to enter politics.
He warned that under current conditions, removing parliamentary pensions would effectively confine politics to the wealthy, business interests, individuals engaged in illicit income-generating activities, and well-funded political parties. Such a move, he said, would discourage honest social workers and individuals of modest means from entering public life.
Jayasuriya also pointed out that while a small number of former MPs, including himself, use their pensions for social and charitable purposes, the majority rely on the pension as a primary source of income.
He urged the President to give due consideration to the matter and take appropriate action, particularly as the government prepares to draft a new constitution.The Bill seeking to abolish pensions for Members of Parliament was presented to Parliament on 07 January by Minister of Justice and National Integration Dr. Harshana Nanayakkara.
Five suspects, including former Minister Johnston Fernando and his two sons, who were arrested by the Financial Crimes Investigation Division (FCID), were further remanded until 30 January by the Wattala Magistrate’s Court yesterday.
The former Minister’s , sons Johan Fernando and Jerome Kenneth Fernando, and two others, were arrested in connection with the alleged misuse of a Sathosa vehicle during Fernando’s tenure as Minister.
Investigations are currently underway into the alleged misuse of state property, including a lorry belonging to Lanka Sathosa, which reportedly caused a significant financial loss to the state.
In connection with the same incident, Indika Ratnamalala, who served as the Transport Manager of Sathosa during
Fernando’s tenure as Minister of Co-operatives and Internal Trade, was arrested on 04 January.
After being produced before the Wattala Magistrate’s Court, he was ordered to be remanded in custody until 09 January.The former Sathosa Transport Manager was remanded on charges of falsifying documents.
Indonesia landslide kills 7, dozens more missing
Ukraine condemns ‘brutal’ Russian strikes ahead of second day of peace talks
Sri Lanka bat first in second ODI
Colombo Stock Exchange (GL 12) donates LKR 25 million to the “Rebuilding Sri Lanka” Fund
Tanzid Hasan’s ton, Binura Fernando’s four-for power Rajshahi Warriors to BPL title
U – 19 World Cup: Bangladesh ease past USA
‘Dates have the highest sugar content to fight Coronavirus’
Sunday Island 27 December – Headlines
#SundayIsland 17th December – Headlines
Sunday Island – 28th March
Sunday Island Headlines – 21 March
Sunday Island – 21st February – Headlines
-
Editorial6 days agoIllusory rule of law
-
Features6 days agoDaydreams on a winter’s day
-
Features6 days agoSurprise move of both the Minister and myself from Agriculture to Education
-
Features5 days agoExtended mind thesis:A Buddhist perspective
-
Features6 days agoThe Story of Furniture in Sri Lanka
-
Opinion4 days agoAmerican rulers’ hatred for Venezuela and its leaders
-
Features6 days agoWriting a Sunday Column for the Island in the Sun
-
Business2 days agoCORALL Conservation Trust Fund – a historic first for SL