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CB predicts rebounding of country’s economy in 2021

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… growth magnitude tied to containing coronavirus

The Central Bank expects the country’s economic growth to rebound in 2021, and maintain the upward trajectory over the medium term, supported by pro-growth policies of the government.

“As projected under the medium-term macroeconomic framework of the CBSL, the economy is expected to grow by around 5.0 per cent in 2021,” the Central Bank said in its latest report on “Recent Economic Developments: Highlights of 2020 and Prospects for 2021?.

According to the monetary regulator, the economic growth is projected to contract by around 1.7 percent in 2020 compared to 2.3 percent growth recorded in 2019. It is predicted that the economy would recover during the second half of 2020 amidst the setback caused by the COVID-19 pandemic related disturbances.

The Industry related economic activities which were severely affected by the pandemic are expected to record a significantly high growth rate in 2021.

Major markets for Sri Lanka’s industrial exports are expected to normalize by early 2021 and contribute positively to the external demand for industrial exports thereby supporting the growth in manufacturing activities.

Services related economic activities are expected to continue its momentum during 2021. Investment activities are expected to grow significantly in 2021, supported by higher growth in private investments.

The outlook of the external sector, which is largely driven by the trade deficit, will depend on the global economic impact of the COVID-19 pandemic and the domestic policy responses.

Policies to boost domestic production are also expected to ease the pressure on the external sector of the economy on a sustained basis.

“Nevertheless, the success of containing COVID-19 locally and globally remains critical in determining the pace and the magnitude of domestic economic recovery and revival in the period ahead,” the Central Bank said in its report.

Inflation is expected to be maintained within the desired range of 4-6 percent over the medium term.



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Child abuse crisis: 108,000 complaints reported in 10 years

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More than 108,000 complaints of child abuse had been received by the National Child Protection Authority (NCPA) between 2015 and 2025, Women and Child Affairs Minister Saroja Savithri Paulraj told Parliament yesterday.

Responding to a question raised by Opposition Leader Sajith Premadasa under Standing Order 27/2, the Minister said 4,421 child abuse cases were pending before High Courts as of April 30 this year, with indictments already filed against the accused.

She said the NCPA was working with 47 Police Child and Women Protection Bureaus under the Police Children and Women Abuse Prevention Division to expedite the hearing and conclusion of these cases.

The Minister said measures were also being taken to protect child victims during legal proceedings by introducing a system to record their evidence through video in a safe and child-friendly environment, thereby reducing the need for them to appear in court.

She said discussions were underway with the Ministries of Health and Mass Media and other relevant institutions to establish nine provincial video evidence recording units.

by Saman Indrajith ✍️

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CA dismisses  writ petition seeking postponement of A/L exam

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The Court of Appeal yesterday dismissed a writ petition seeking to postpone the 2026 G.C.E. A/L Examination by two months.

The petition, filed by a group of students due to sit the examination for the first and second time, sought an order delaying the examination, which is scheduled to commence next month.

The Court announced its decision after considering submissions made in support of the application and declined to grant leave to proceed with the petition.

As a result, the 2026 G.C.E. Advanced Level Examination will be held as scheduled in August.

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Bimal’s remarks on MP’s conduct spark heated exchange in Parliament

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Leader of the House and Minister Bimal Rathnayake yesterday criticised the conduct of MP Archchuna Ramanathan in Parliament, describing the behaviour of certain lawmakers as “uncivilised, disgraceful and indecent”, while a heated exchange followed between government and opposition members.

Rathnayake made the remarks when Ramanathan attempted to raise a point of order during parliamentary proceedings.

“This parliament has one or two members who behave in a very uncivilised, disgraceful manner. We tolerate them because one of them is mentally ill,” Rathnayake said.

He alleged that Ramanathan had insulted even members of the Tamil community.

“The things he says may not be heard through the microphone, but the four walls of this Parliament are witnesses,” Rathnayake said, adding that Ramanathan’s conduct was not limited to Parliament.

He claimed that the Jaffna District Coordinating Committee meeting could not be held due to Ramanathan’s behaviour and said MP Gajendrakumar Ponnambalam had written to the Speaker stating that he could not sit near him.

The Speaker intervened during the exchange, warning Ramanathan not to behave in a manner that would turn Parliament into “a joke”. He also said the MP had previously addressed him in an insulting manner.

Opposition Leader Sajith Premadasa criticised the manner in which Rathnayake and the Speaker had addressed the matter, saying MPs should not be spoken to improperly and urging members to follow parliamentary Standing Orders.

Ramanathan, responding to the remarks, said: “I may be a psycho, but I am not a homosexual.”

by Saman Indrajith ✍️

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