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Communist Party calls for action to defeat privatisation
The bottom 50 percent of the Sri Lankan population owns less than four percent of the national wealth when the top one percent owns 32 percent of it, Dr. G. Weerasinghe, the General Secretary of the Communist Party of Sri Lanka said issuing a May Day statement.
He said that the 2024 May Day is celebrated at a time when the whole world is in an economic depression.
This is also a time when the country has been officially declared bankrupt for the first time in its history, Dr. Weerasinghe said.
Given below is his statement:
“Through the neoliberal economic policies introduced in 1978, foreign loans were taken to cover the trade deficit caused by the doubling of import expenditure compared to export income, resulting in an unpayable mountain of debt. As the government’s revenue flowed through the neoliberal tax policy, the treasury became empty without rupees for the first time. By 2022, the economic crisis had erupted into a triple crisis. It is the financial, foreign exchange and credit crisis.
Corruption spread throughout the social fabric and the total politicization of the public service were other factors that contributed to the crisis.
“Unemployment rose as a result of the crisis. Poverty spread. Social unrest has worsened and a crime wave has been created across the country. A monstrous gap between have and have-not been developed. The United Nations Development Program states in its report that the top 1% of the country’s population (02 lakhs of the population) owns 31% of the country’s national wealth, while the bottom 50% of the population (110 lakhs of the population) owns less than 4% of the national wealth.
“Even in this situation, the entire burden of the crisis is placed on the shoulders of the working people of the country and the big capitalist class is enjoying all the concessions and privileges. They have not paid taxes worth thousands of billions of rupees. Following the terms of the International Monetary Fund, the belts have been further tightened of the common people including working class.
“Meanwhile, the fact that after 500 years the Asian economy has come forward as the forerunner of the world economy is a source of strength and inspiration for the people of newly independent countries. A multi-polar new world order is being created through the anti-imperialist struggle. Although all the regions of Asia are experiencing rapid economic growth, the South Asian region, where we live, is relatively lagging behind economically. Because of this, South Asia is increasingly subject to geopolitical challenges and imperialist influences. On this May Day, the Communist Party of Sri Lanka is insisting on the importance of the patriotic, progressive and leftist forces of South Asia working together with mutual understanding and unity. Making the most of this historic opportunity, we resolve to intensify the struggle to get rid of the crisis that the people of Sri Lanka are facing, taking into account the new world economic order and the balance of power.
“The Communist Party of Sri Lanka points out the necessity of acting to protect the sovereignty and independence of Sri Lanka by defeating the interference of the American imperialists in the internal affairs of Sri Lanka.
The Communist Party of Sri Lanka is demanding that the arbitrary privatization process be halted, demanding a reduction in the unaffordable cost of living.
The Communist Party of Sri Lanka proposes that all patriotic, progressive and left-wing forces should work together to save the country from the unprecedented economic crisis caused by the neo-liberal economic strategy.”
News
PM Harini leads panel to protect public services
The newly appointed Cabinet Committee tasked with ensuring the uninterrupted functioning of Sri Lanka’s public service held its inaugural meeting on Thursday (19) at the Presidential Secretariat under the patronage of Prime Minister Dr Harini Amarasuriya.
The Committee convened to discuss strategies to maintain seamless government operations in the face of potential disruptions caused by the ongoing conflict situation in the Middle East, with particular focus on energy resource management.
According to officials, the discussions emphasised sustaining essential government services, ensuring continued service delivery to the public, and addressing the operational challenges faced by public sector employees during the current circumstances. The Committee also examined measures to mitigate any disruptions that could affect day-to-day administrative and service functions across ministries and departments.
Key attendees at the meeting included the Minister of Public Administration, Provincial Councils and Local Government A. H. M. M. H. Abayaratne; Secretary to the President Dr Nandika Sanath Kumanayake; Secretary to the
Prime Minister Pradeep Saputhanthri; Chief of Staff to the President Prabath Chandrakeerthi; and senior secretaries from key ministries including Health and Mass Media, Transport, Highways and Urban Development, Energy, and Digital Economy.
Representatives from state institutions such as the Ceylon Petroleum Corporation were also present, highlighting the government’s focus on energy security as a central priority. The Committee’s deliberations underscored a coordinated approach to balancing uninterrupted public service delivery with effective management of limited energy resources amid the ongoing geopolitical uncertainties.
Observers note that the formation of this Cabinet Committee reflects the government’s proactive stance in safeguarding national administrative functions and ensuring that critical public services remain resilient during times of external pressures.The Committee is expected to meet regularly to monitor developments, evaluate emerging risks, and implement practical measures to maintain operational continuity across the public sector.
News
Sajith slams President over war conduct and economic missteps
Opposition Leader Sajith Premadasa on Friday lashed out at President Anura Kumara Dissanayake in Parliament, accusing him of failing to uphold international law during wartime.
Premadasa said the President’s claim of neutrality ignored breaches of the UN Charter—including Articles 2.4 and 2.7—and other global conventions. “A neutral stance requires openly acknowledging violations,” he argued, criticizing the absence of ethical mechanisms to safeguard international law.
He also questioned the President’s handling of maritime issues, particularly whether Sri Lanka had been informed of the alleged attack on the Iranian vessel IRIS Dena, stressing that the Exclusive Economic Zone (EEZ) permits only peaceful activity.
On the economic front, Premadasa condemned the government for missing a chance to buy Russian oil during a 30-day U.S. sanctions suspension.
He said attempts to advise the Foreign Ministry, including a meeting with the Russian Ambassador, yielded no progress.
Premadasa further ridiculed the government’s earlier dismissal of the QR code fuel system, noting that officials are now adapting to it.
Turning to broader economic concerns, he called for immediate negotiations with the IMF to secure a new agreement, warning that the current primary balance of 2.3 is unsustainable. He stressed the urgent need for a poverty-reduction program, highlighting that one-third of Sri Lankans live in poverty.
He also demanded that surplus Treasury funds be used to support relief packages, arguing billions in reserves could aid households struggling with income shortfalls.Concluding his address, Premadasa criticized the government for failing to prepare for foreseeable crises, leaving the country vulnerable.
News
Johnston Fernando, sons held in Lanka Sathosa lorry misuse case
Former Minister Johnston Fernando, his two sons, and three others were remanded by the Wattala Magistrate’s Court yesterday (20) until April 2, the court confirmed.
The suspects, including Fernando’s elder son Johan, younger son Jerome, and a former transport manager of Lanka Sathosa, are under investigation by the Police Financial Crimes Investigation Division (FCID).
Authorities allege the Lanka Sathosa lorry was misused for operations linked to an ethanol company reportedly owned by Fernando, causing an estimated Rs. 2.5 million loss to the state.
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