Editorial
His Master’s Voice
We run a front page report today quoting Mr. Wajira Abeywardene, the UNP Chairman who succeeded President Ranil Wickremesinghe to the party’s solitary National List seat in Parliament, making some interesting assertions at a Siri Kotha press briefing last Thursday. The MP, observers believe, will soon be made a cabinet minister when the president finishes the yet unfinished business of adding to the present 20 cabinet ministers now in office. We commented in this space as recently as a week ago that the president would not have relished the appointment in September of as many as 38 state ministers. Nor will he look forward to adding to the cabinet caving in to the demands of his SLPP electors who won him the presidency. Many of them are already knocking at his door for ministerial appointments. Puppeteer Basil Rajapaksa is hard at work pulling the strings from faraway USA.
Abeywardene’s frequent press conferences, and what the spouts on that platform, no doubt reflects His Master’s Voice. Citing several constitutional provisions, he rightly or wrongly declared the recent declaration of Sri Lanka’s bankruptcy by what he called the “previous government” as “unconstitutional.” This, though there’s little difference between the previous government and this one. A cursory look at the provisions cited indicate that they are in the section of the constitution dealing with parliamentary control of public finance and there does not appear to be any overt prohibition there on declaring the country bankrupt. If the country is bankrupt, as is freely admitted all round, and has repudiated its international sovereign debt, what does one do? Nobody will dispute that it was the Rajapaksa regime that bankrupted the country as Abeywardene implies. But as everybody knows, Ranil Wickremesinghe embraced the Rajapaksas in a project he has now labeled risky, and at least till next February when he can dissolve the legislature, he’s a virtual prisoner of the SLPP.
When the whole country wants an election, although no reasonable person will deny that the time is not right for that at present, the president recently went on record talking about referendums. Obviously, if the time is not opportune for an election, the same would apply to a referendum. RW says that if there is no consensus about new electoral laws, a referendum would be necessary. The next scheduled elections are the local government polls due in March. The president said a few days ago that he wants to downsize the local bodies to half their present size – from 8,000 member to 4,000. He was, of course, eloquently silent on who was responsible for bloating them to their present numbers.
Nevertheless, the proposal will be widely acclaimed countrywide with no opposition to a reduction at all levels of the leeches fattening themselves off the blood of the tax exchequer. Beginning with parliament and going down the provincial councils and the different local authorities to the humblest pradeshiya sabhas, there is no debate that the country does not receive a return from them of a fraction of the value of the funds expended on them. But there is a rub, and no small one at that. Downsizing the local bodies will mean a long drawn process that will cost a great deal of time so there isn’t even a remote possibility of an election in March along with downsizing.
There is no necessity labouring the fact that neither President Ranil Wickremesinghe’s UNP nor the Rajapaksas’ SLPP pohottuwa need an election right now like it needs a hole in the head. That is why the whole opposition, who well know the government and its president are dead ducks, is pushing so hard for a poll regardless of dismal country conditions. It will be clear to the meanest intellect that all this talk of downsizing local bodies is no more than a strategy not to hold local elections in March. The pohottuwa has not only lost its mandate, having plunged the country to its worst ever economic predicament in contemporary history, it has also repudiated it by President GR’s and PM MR’s resignations. The enthronement of Ranil Wickremesinghe, who MR called “our man” at Kalutara a few days ago, elected to the presidency by the pohottuwa’s parliamentary majority followed. Its MPs want the incumbent parliament to run its full term although that’s not what the country wishes. Various political and other forces are now building steam for a new round of agitation and the president has accused an unnamed party of attempting to grab power on the back of dead bodies.
Wajira Abeywardene would have us believe that everything is Tickety Boo as in Danny Kaye’s famous song because there are no longer shortages of milk powder, fuel and gas and things have turned for the better. The reality is far from that. He has closed his eyes to the fact that right now there’s a crude oil shipment outside port, incurring huge demurrage, remaining unloaded for want of dollars to pay for it. The dollar crunch is nowhere near gone and whether the hoped for foreign assistance is coming at the desired level at the right time is far from assured. Rajan Philips has in this page made a trenchant and incisive analysis of the present state of play particularly on the economic front. The UNP chairman may think that the president knows what to do and will do it at a time the Rajapaksas are crawling out of the woodwork. He is welcome to his own beliefs but few will buy it.
Editorial
Meegoda tragedy and safety concerns
Tuesday 2nd June, 2026
A pickup truck ploughed into a crowd near a Vesak dansala at the Meegoda junction on Sunday night, killing six people. More than 12 others were seriously injured. The driver of the vehicle was arrested while fleeing the scene of the accident, and the police said he was under the influence of alcohol. Produced before the Homagama Magistrate, he was remanded until 16 June.
Sunday’s tragedy at Meegoda has triggered an outpouring of public anger at the hit-and-run driver. There have been calls for stringent legal action against him. Some social media activists have gone to the extent of demanding that he be hanged straightway. Their consternation is understandable. If he had been sober, cautious and considerate, he would have been able to prevent the tragedy. It is hoped that all motorists will take lessons from Sunday’s accident and exercise caution when navigating crowded areas, especially during festivals.
Nothing can be cited in extenuation of the offence of driving under the influence of alcohol and killing people. However, there is a broader issue that must not go unaddressed if tragic accidents are to be prevented.
Most dansel are held by the roadside with no special arrangements to ensure the safety of those who visit them, much less facilitate the flow of vehicular traffic. They are characterised by utter chaos. Vehicles are parked haphazardly near them blocking roads, and people flock there from all directions with no heed for passing vehicles. Traffic laws apparently fall silent near dansel.
Dansel are not alone in causing havoc on roads. In this country, no public event is apparently considered complete unless they obstruct roads, worsen traffic congestion and cause maximum possible inconvenience to road users. Political rallies are mostly held at busy intersections, much to the inconvenience and resentment of motorists, who suffer in silence for want of a better alternative. The same is true of religious ceremonies and open-air musical shows. They make busy roads impassable, with the police prioritising everything else over ensuring the movement of vehicular traffic.
Most roads become veritable velodromes, come the Sinhala and Tamil New Year. Bicycle races are held on them, and contestants and their supporters become a law unto themselves. Police, who readily grant permission for such events, do precious little to rein in unruly ‘cheer squads’ on motorcycles, speeding, waving flags menacingly and threatening or even setting upon motorists who fail to get out of their path. They act just like the OMGs (Outlaw Motorcycle Gangs) with impunity. This practice must end. Races must not be held on busy roads.
The Kalutara North police deserve praise for having arrested more than 50 motorcyclists for riding in a reckless manner during the last couple of days. Such riders are a public nuisance, and must be severely dealt with, according to the law. The good work of the Kalutara North police is however the exception that proves the rule. Motorcycles with unauthorised modifications, such as illegal deafening exhausts are ubiquitous on the road, especially during festive seasons. Complaints abound that nocturnal motorcycle drag races frequently disturb Colombo’s suburbs, but the police do not seem to care.
Dansel cannot be held without prior registration and a health evaluation by the Public Health Inspectors to ensure food safety. They are reportedly monitored to check whether they adhere to health guidelines. These measures are welcome, and the health authorities should be thanked for their intervention to guarantee food hygiene. Similarly, it must be made mandatory for the police to ensure that every dansala is located at a safe distance from traffic lanes of busy roads and cordoned off to prevent accidents. Safety must take precedence over free food.
Editorial
CPC shocks continue
Monday 1st June, 2026
The latest round of fuel price hikes in Sri Lanka came on Saturday night as global oil trading closed, with the price of crude posting its biggest one-month decline (20%) in six years and with international media reporting that the oil price drop had delivered some relief to consumers at the pump in many countries, such as Pakistan, Malaysia, Spain and Portugal. At this rate, Sri Lanka’s fuel prices may continue to soar even if US President Donald Trump behaves and the US and Iran agree to end the West Asia conflict early, paving the way for the reopening of the Hormuz chokepoint for international navigation.
However, it should be noted that global oil market volatility is not yet over. ExxonMobil’s Senior Vice President Neil Chapman has reportedly warned that energy prices may “explode upwards in the coming weeks, with crude oil prices rising to USD160 or more per barrel as dwindling reserve inventories finally bottom out”. This is an unnerving proposition. One dreads to think what the Ceylon Petroleum Corporation (CPC) and the government will do in such an eventuality.
President Anura Kumara Dissanayake recently claimed that fuel was sold below cost in this country; a litre of diesel cost the CPC as much as Rs. 720 but was priced at only Rs. 392. He also said the subsidies on diesel and petrol amounted to Rs. 100 and Rs. 20 per litre, respectively. It was obvious that the President was priming the public for another round of fuel price hikes, which were announced on Saturday night while the people were out viewing Vesak decorations. The CPC has reminded them of how painful the samsaric journey is.
The government insists that fuel prices must be cost reflective in keeping with IMF bailout conditions, but it has chosen to remain silent on whether it uses the same pricing formula as the previous governments for fuel price revisions. Government politicians and the CPC make contradictory claims on this issue. The public has a right to ascertain whether the fuel prices are cost reflective, as claimed by the Finance Ministry, or way above actual costs. Governments in this country have earned notoriety for price gouging, just like black marketeers. So, the CPC or the Finance Ministry ought to make public how the fuel price revisions are determined. This is something the Opposition ought to pressure the government to do.
It is being argued in some quarters that the government increases fuel prices to recover staggering losses arising from the use of diesel to keep the oil-fired power plants working to compensate for the Norochcholai generation loss caused by the fraudulent procurement of low-grade coal. This argument is tenable, given the colossal amounts of diesel being burnt to generate electricity. Opposition trade unionists have claimed that more than 800,000 litres of diesel are used daily to make up for the generation drop at Norochcholai.
Another ship has arrived, carrying substandard coal, and more diesel will have to be burnt to compensate for power generation losses it is bound to cause, the Opposition has warned. Following a revelation made by HSBC Group’s CEO, Georges Elhedery, in a fireside chat with Bloomberg TV that Sri Lanka had imported oil at USD 286 per barrel, the CPC admitted that it had bought three shipments of diesel between the last week of March and the second week of April at prices of between USD 288 and USD 281 per barrel. Was the CPC so desperate because it had to procure extra shipments of diesel to keep the oil-fired power plants running to prevent power cuts?
The JVP/NPP has had to increase fuel prices, which they promised to slash while out of power. It said it was capable of causing the country’s forex woes to disappear in no time, as its rise to power would trigger a huge inflow of dollars. The current Opposition is making similar claims. We have no shortage of ‘promising’ politicians.
Editorial
Economic recovery:some home truths
The International Monetary Fund (IMF) has told Sri Lanka some home truths, the most disconcerting one being that economic recovery is beginning to lose momentum. It has attributed this situation to post-disaster disruptions, the West Asia conflict and rising global oil prices. These three factors are causing high inflationary risks, the IMF has said, warning that economic growth in 2026 could drop to 3% from 5% in 2025. Not that these facts were unknown to the government, the Opposition and the public, but dispassionate statements made by the IMF are credible and more impactful.
The parlous state of Sri Lanka’s economy is also due to several other factors, such as a sharp drop in tourism receipts, vehicle imports that helped revive the automobile sector and boost state revenue but took a heavy toll on foreign reserves, a huge increase in diesel consumption by oil-fired power plants to compensate for a generation loss caused by a coal procurement racket at Norochcholai, and staggering disaster recovery costs.
Problems like external pressures on the economy, caused by foreign conflicts, etc., are obviously beyond Sri Lanka’s control, but other causative factors could have been tackled much better. Vehicle imports should have been regulated properly, with a balance being maintained between revenue generation and the stability of foreign currency reserves.
The JVP-NPP government is apparently driven by a desire to brag that it has ‘filled the state coffers” and done much better than its predecessor on the economic front. It should have restricted vehicle imports and nonessentials much earlier at the first signs of trouble to ease mounting pressure on the rupee. Procrastination is the thief of forex. Measures taken to address the rupee and foreign currency crises must complement each other to help achieve the broader goal of economic stability and growth.
After weeks of dilly-dallying, the JVP-NPP government has taken some action to curtail the foreign exchange outflow. However, its efforts to reduce the national oil bill are far from satisfactory. Expenditure on fuel imports is the largest item in Sri Lanka’s import basket, comprising around 20% of the total import bill on average annually over the past 10 years, according to the Central Bank data. So, reducing the oil bill is half the battle in strengthening the country’s foreign currency reserves. The government should intensify its focus on increasing power generation from renewable sources and encouraging rooftop solar projects across the country while developing the public transport sector to reduce fuel consumption significantly.
The IMF can only assist in achieving economic stability, and sustained growth has to be achieved through a far-reaching reform drive. The biggest challenge before the JVP-NPP government is not holding the Opposition at bay but preparing the country for the task of straightening up the economy, instead of making more promises and promoting the “hand-out culture” in the name of social welfare. Most of all, corruption must be eliminated and austerity measures adopted in keeping with the promises of the JVP/NPP.
The IMF has reportedly indicated support for temporary fiscal easing in 2026 to accommodate relief measures linked to external shocks and reconstruction spending following Cyclone Ditwah, but the government is expected to return to stricter fiscal targets from 2027 onward. This kind of reprieve is popularly called an interval in hell. The Opposition had better take cognisance of the harsh economic reality and stop promising the public the stars and the moon in a bid to recover lost ground. It does not seem to have an alternative strategy to stabilise the economy and spur growth. If it knows how to do so, let it be urged to reveal its plan for the benefit of the country. Mere rhetoric won’t do.
While out of power, the JVP/NPP, too, pretended to have a panacea for all economic ills of the country and won elections. It is now struggling to make good on its election promises, most of which remain unfulfilled. The Opposition ought to stop trying to dupe the public into believing that more relief can be granted while the economy is in the current state.
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