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CB Governor: Constructions costs kept unconscionably hight

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By Rathindra Kuruwita

The cost of construction in Sri Lanka had been high compared to other countries of the region even before the current crisis, and that was because certain industries had managed to limit or prevent imports without boosting productivity, Governor of the Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe said yesterday, addressing a forum organised by the Ceylon Institute of Builders.

The price of raw materials- tiles, steel, cement, bathware, etc., were too high, he said. That was because some companies had managed to make the government discourage imports with higher taxes, he said.

“As a result, Sri Lankans are not paying market prices for material needed for construction. Everyone is paying extra to protect certain companies. Those in the construction industry have to pay higher prices to purchase the material they need, and the average Sri Lankan has to foot the bill finally. Even before the crisis, Sri Lankans paid a lot more than others, in the region, for housing, and now the numbers are astronomical,” he said.

Dr. Weerasinghe added that the economy must stabilize, and the wages have to rise for the average Sri Lankan to purchase a house.

“We will have to wait some time until the economy stabilizes, and income goes up. Then people will demand housing again, but this will take time. It will also take time for the government to invest in construction. The government needs to invest in construction and must build infrastructure, but this is not a priority right now. The government has been a big player in the construction industry for a long time and the industry leaped forward because of the government involvement. However, this can’t happen until we have fiscal stability and debt sustainability,” he said.

Dr. Weerasinghe said that the government would be able to stabilise the economy next year.



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Ranawaka accuses govt. of using JVP cadres and police to suppress political opponents

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… reminds AKD led over 560 protests during Yahapalanaya

Former Yahapalana Minister and United Republican Front (URF) leader Patali Champika Ranawaka yesterday (19) alleged that the JVP, which carried out over 560 protests during the 2015-2019 period, was now bent on preventing the Opposition from exercising its democratic right to protest.

Recalling the declaration made by the JVP at the height of the violent protest campaign in July 2022 that it would set the Parliament ablaze, the former parliamentarian lashed out at the JVP-led administration for using the police excessively to curb political opposition. Ranawaka said this while addressing the media at the former President Ranil Wickremesinghe’s Flower Road Office .

Commenting on the protest campaign launched by the Maha Sangha, demanding presidential pardon for General Secretary of the Bodu Bala Sena (BBS) Ven. Galagotaatte Gnanasara, the ex-Colombo District lawmaker alleged that President Anura Kumara Dissanayake used a combination of police, investigative units and JVP cadres to break up the monks’ protest. The government went to the extent of compelling the JVP/NPP-run Colombo Municipal Council (CMC) to deprive the peaceful protesters of basic toilet facilities, he alleged.

The government’s actions proved that only those with prior approval from JVP Pelawatte headquarters could launch protests in Colombo, its suburbs or in the provinces. The police have become a political tool in the hands of the JVP, the ex-Minister said. (SF)

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Six killed as speeding bulker crashes into vehicles, shop in Akurana

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By SK Samaranayake

Six people were killed and seven others injured when a speeding bulker lorry carrying cement and concrete ploughed into several vehicles and a shop on the Kandy-Jaffna A9 road at Kurugoda, Akurana, yesterday (19).

Four of the victims, two women and two men, died on the spot in the accident which occurred around 10.30 am, according to Alawathugoda Police.

Police said the bulker, travelling at high speed from the Matale direction, collided with three three-wheelers, two motorcycles and two lorries before veering off the road and crashing into a commercial establishment.

Five of the injured were rushed to the National Hospital of Kandy, where hospital sources said two remained in critical condition.

The bodies of the four victims were placed at the Akurana Hospital, where two others, who suffered minor injuries, were also receiving treatment.

The driver of the bulker was arrested by the Alawathugoda Police Traffic Division and is to be produced before court.

Investigations are being conducted under the supervision of Central Province Senior DIG Lalith Pathinayake.

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Prof. Peiris, summoned by CIABOC, appeals for Ven. Gnanasara’s release

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G.L. Peiris

By Shamindra Ferdinando

owledging that there had been an administrative lapse on the part of the President’s Office in 2019 when Maithripala Sirisena granted presidential pardon to Ven. Gnanasara Thera, Convener of Janathawadi Joint Opposition Prof. G.L. Peiris yesterday (19) urged President Anura Kumara Dissanayake to rectify whatever those shortcomings and release the General Secretary of Bodu Bala Sena.

Addressing the media at the former President Ranil Wickrekmesinghe’s Flower Road Office, Prof. Peiris emphasized that it was not fair to hold Ven. Gnanasara accountable for lapse or technical fault of others at the Presidential Secretariat during President Sirisena’s tenure.

Prof. Peiris was flanked by UNP Chairman Wajira Abeywardena and United Republican Front (URF) leader Patali Champika Ranawaka.

The fresh appeal was made on behalf of Ven. Gnanasara in the wake of President Dissanayake and JVP heavyweight Anura Kumara Dissanayake ruling out fresh presidential pardon for the monk. Minister Lal Kantha declared that the government couldn’t under any circumstances meet the continuing monks’ protest demanding Ven. Gnanasara’s release. President Dissanayake dismissed repeated appeals for Ven. Gnanasara’s release when he addressed the NPP really in Badulla.

Sirisena granted presidential pardon in May 2019 even before he completed a year of his six-year term of rigorous imprisonment for contempt of court during proceedings of the media personality Prageeth Ekneligoda’s 2010 January disappearance in the Homagama Magistrate’s court.

At the onset of the regular weekly briefing, Prof. Peiris said that he would report to the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) today (20) morning as requested by the commission. “The CIABOC wanted to record my statement regarding a meeting I chaired at the ministry after the conclusion of the war in 2009 pertaining to an ongoing investigation.”

Commenting further on the imprisonment of Ven. Gnanasara, the former parliamentarian said that President Sirisena intervened following a spate of requests made on behalf of BBS General Secretary by the Mahanayakes, Anunayakes and other Maha Sangha.

The Supreme Court on 10 September, 2026 rescinded the presidential pardon granted in late May 2019.

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