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Former senior public servants among appointments to National Commissions

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The majority of members of the National Procurement Commission appointed last week by President Ranil Wickremesinghe are retired senior public servants with the new chairman of the Finance Commission also appointed last week is a former Deputy Secretary to the Treasury reappointed to the post.

All members of the two Commissions have been appointed on the basis of nominations by the Constitutional Council, the President’s Media Division (PMD) said. There’s an ethnic mix in the composition of the two Commissions.

While one former director of a private sector engineering group has also been appointed to the Procurement Commission, while the members of the Finance Commission have been selected for their financial exertise.

Mrs W. Sudharma Karunaratne was appointed as Chairperson of the National Procurement Commission with Warnakulasuriya Ivan Tissera, D. Piyasiri Daranagama, Sumandiran Sinnakandu, and A.G. Pubudu Asanga Gunawansa serving as its other members.

Mrs W. Sudharma Karunaratne earlier served as Secretary, Ministry of Plantation Industry and Director General of the Sri Lanka Customs. Piyasiri Daranagama was former National Project Director at Provincial Road Development Project while Sumandiran Sinnakandu was the Chief Internal Auditor at Prime Minister’s Office. A.G. Pubudu Asanga Gunawansa was a director at the Serendib Engineering Group Pvt Ltd.

Meanwhile, members were also appointed to the Finance Commission on the directives of the President. Accordingly, Sumit Abeysinghe will serve as Chairman of the Finance Commission, with Tuan Naleen Osen and Mayan Vamadevan appointed as fellow members, President’s Media Division said.

Abeysinghe has been in the Chairman of the Finance commission and previously served as Deputy Treasury Secretary.  Tuan Naleen Osen and Mayan Vamadevan were appointed based on their expertise in financial management and their previous experience in the field.

The Finance Commission is responsible for advising the President and the Government on financial matters and allocating funds to provincial councils. The commission plays a crucial role in ensuring that funds are allocated in a fair and efficient manner and that financial resources are effectively utilized to meet the country’s development goals.

The appointment of new members to the commission is expected to further strengthen its role in promoting transparency, accountability, and good governance in the management of public finances. The new members have been tasked with working closely with the existing members of the commission to develop strategies and policies that will help the country achieve its economic objectives, the PMD said.



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Sri Lanka, India caught in US-Iran ship crisis

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By Shamindra Ferdinando

Iran has sought the Indian intervention, at the highest level, to provide lifesaving support to the crews of empty Iranian vessels stranded just outside Sri Lanka’s 12-nautical mile territorial waters off Galle.

Sources familiar with the issue said that Iran had brought the developing situation to the attention of New Delhi as the crews of almost 20 vessels, included Indian nationals. Sources stressed that the group of vessels that unloaded crude oil a couple of months back were now stranded within Sri Lanka’s Exclusive Economic Zone (EEZ).

The US Navy torpedoed an unarmed Iran frigate, returning from India, on 04 March, 2026, about 19 nautical miles off the Galle coast. The unprovoked attack killed nearly 100 Iranians.

The Iranian Embassy in Colombo has inquired from the Indian High Commission of their response to the situation, sources said. The US has issued a global warning against providing food, water, medicine and other services to the Iranian vessels. The outcome of Iran-India talks on the issue at hand was not known, though sources asserted India may not throw its weight behind Iranian efforts to address the issue.

Responding to The Island queries, sources said both Sri Lanka and India were in a dilemma due to the US warning. India couldn’t ignore the plight of the Indian crew members and the Iranian vessels in its backyard.

The Sri Lankan government remains tight-lipped about the vessels stranded in its EEZ. Our efforts to elicit a response from relevant authorities were in vain. In addition to Indians, there are Bangladeshis among the crew members. Iran has explicitly stated the responsibilities of the countries concerned to provide assistance in terms of international law.

The Iranian position was articulated by its Ambassador to Sri Lanka, Dr.Alireza Delkhosh, recently. In a special statement, Ambassador Delkhosh emphasised that in terms of the Convention on the Law of the Sea (Article 98) as well as SOLAS and SAR

Conventions, Sri Lanka couldn’t refrain from providing the needs of the Iranian vessels stranded in its EEZ.

SLMC leader Rauff Hakeem lambasted the NPP government in Parliament for failing to provide assistance to the Iranian ships. The former Minister alleged that the government was simply carrying out dictates of the US. He strongly criticised the way Foreign Minister Vijitha Herath was handling the issue.

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Namal further remanded

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MP Namal Rajapaksa being brought to the Colombo Magistrate’s Court yesterday. Pic by Nishan S Priyantha

MP Namal Rajapaksa, who is in remand custody over the controversial Airbus deal, was further remanded until October 27 by the Colombo Magistrate’s Court yesterday (13).

Colombo Chief Magistrate Asanga S. Bodaragama made the order after considering submissions by officers of the Commission to Investigate Allegations of Bribery or Corruption and lawyers representing Rajapaksa.

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IMF projects Lankan economic growth to moderate amidst mounting global uncertainties

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Sri Lanka’s economy is expected to sustain its recovery over the next two years, although growth is projected to moderate amid mounting global uncertainties, according to the International Monetary Fund’s (IMF) latest World Economic Outlook.

In its World Economic Outlook 2026: Resilience Under Strain, Urgent Choices, the IMF projects Sri Lanka’s economy to expand by 4% in 2026, slowing to 3.7% in 2027, following estimated growth of 5% in 2025.

Inflation, meanwhile, is forecast to rise to 5.3% in 2026 and 5.4% in 2027, reversing the average deflation rate of 0.5% recorded in 2025.

Unemployment is expected to remain steady at 3.9% throughout the forecast period.

The projections come amid growing pressure on the global economy from the ongoing conflict in the Middle East, elevated energy prices, geopolitical tensions and trade disruptions.

Sri Lanka’s external position is also expected to weaken, with the current account balance projected to shift from a surplus of 1.6% of gross domestic product (GDP) in 2025 to deficits of 0.5% in 2026 and 0.3% in 2027.

The IMF’s outlook points to continued economic expansion in Sri Lanka, but with slower growth, rising inflation and a narrowing external surplus giving way to current account deficits over the forecast period.

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