Connect with us

Editorial

Import restrictions, wedgie and reality

Published

on

Monday 13th September, 2021

Nobody has taken kindly to the stringent import restrictions the Central Bank (CB) has imposed, however necessary they may be to shore up the country’s depleting foreign exchange reserves. From the reactions of various people to the government move to restrict imports, one can guess how they prioritise their needs and wants. Most of them are worried about possible shortages of domestic appliances, food items, beverages, skincare products and the like. Their concerns and consternation are understandable. But, curiously, what worries the Opposition is the restriction on underwear imports, of all things!

It is said that the ordinary Sri Lankans think with their stomachs, especially when they vote. In commenting on the 100% cash margin deposit slapped by the CB, the focus of many Opposition worthies has been on a possible shortage of imported underwear; this kind of reaction shows the Opposition MPs’ preoccupation with their nether regions more than anything else—a fact that has become evident from their lewd utterances in Parliament. They have been flogging the underwear issue to the point of queasiness during the past couple of days. The Opposition is bent on getting its back on the government politically, and this may be the reason why it has sought to give the latter a wedgie, but in so doing it has unfortunately reduced an otherwise very serious economic issue to a mere political joke.

Garments, imported or otherwise, are the least of Sri Lankans’ problems, at present, for two reasons. In April, they bought all the clothes in the world as if they had never seen them before, and they have loads and loads of them in their wardrobes; their irresponsible shopping sprees caused an explosive spread of Covid-19, which has led to a situation where they are confined to their homes and cannot wear what they have bought. On the other hand, enough garments are produced locally, and export quality clothes also enter the local market. So, the Opposition politicians’ worry about a possible shortage of underwear is baseless.

Ironically, the present-day political leaders looked down upon garment factories during their Opposition days about three decades ago. When the late President Ranasinghe Premadasa set up garment factories throughout the country to develop the rural economy and provide employment to the poor, the then SLFP-led Opposition ridiculed his project, claiming that he was having Sri Lankan girls stitch jangis for suddhis (underwear for the white women). The JVP, too, looked down upon the garment factory programme and coined a catchy slogan to denigrate it—kellanta gament, kollanta pament (garment factories for girls and pavement hawking for boys). Today, the Opposition led by the late President Premadasa’s son, Sajith, would have the public believe that Sri Lankans will have to do without underwear due to import restrictions! The worst critics of his father’s project at issue have become dependent on garment factories to earn foreign exchange.

It is expected that the 100% cash margin deposit requirement will help maintain the stability of exchange rates and foreign currency market liquidity as it discourages excessive imports of speculative nature. Most of the commodities on the CB list are non-essentials, and the public can do without some of them, or locally produced alternatives thereto are available. But how can tyres be considered non-essentials; are locally manufactured tyres available to prevent shortages due to import restrictions?

True, the blame for the country’s forex woes should be apportioned to successive governments which borrowed heavily from external sources for projects that have become white elephants. A sizeable chunk of the borrowed funds also ended up in the off-shore accounts of the politicians who have been in power during the past several decades. The former Rajapaksa administration was mainly responsible for borrowing excessively and embarking on useless ventures in the name of development. But there is no gainsaying that the country has to adopt drastic measures to hoist itself from the present economic mire. Import restrictions alone will not do. While importers are discouraged from bringing in non-essential goods, action must be taken to ensure that the country benefits from Sri Lankan exporters’ dollars, and exporters do not misprice their goods to park their dollars overseas to make the most of the rupee depreciation. The practice of stashing away dollars overseas and mispricing have aggravated the country’s current account deficit by depressing the dollar inflows. It is doubtful whether any effective measures have been adopted to prevent exporters from under-invoicing goods to keep their dollars abroad and importers from over-invoicing goods to send their dollars out.

Meanwhile, not all mobile phones can be considered non-essential goods. Most Sri Lankans are dependent on mobile phones to carry out their day-to-day functions. The pandemic has made the mobile phone essential for even children following online lessons. There are also others who purchase the latest editions of mobile phones unnecessarily. Import restrictions, therefore, could have been imposed on mobile phones, if at all, above a certain factory price. The same holds true for domestic appliances such as refrigerators which people cannot do without.

The 100% cash margin deposit requirement will enable big-time businessmen with enough dollars to monopolise the import market by elbowing out others, and fleece consumers. Such a situation has to be averted. Most of all, the need for revising the list of imports affected by the extreme cash margin deposit measure cannot be overemphasised to prevent it from dealing a crippling punch to the average consumer.



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Editorial

A trial balloon?

Published

on

Saturday 17th October, 2026

There seems to be no end in sight to controversies the JVP-NPP government creates. It has been reported that the ruling party parliamentary group has proposed that the no-confidence motion (NCM) submitted by the Opposition against Speaker Jagath Wickramaratne be referred to the Attorney General for his opinion and recommendations. Some Opposition politicians have claimed on social media that this move could be a bid to block the debate on the NCM. This is something that not even the SLPP-UNP government contemplated. The previous administration allowed an NCM to be moved against Speaker Mahinda Yapa Abeywardena in 2024 and defeated it.

Minister Bimal Rathnayake has gone on record as saying that the government is ready for a debate on the NCM against the Speaker. This is the government’s official position, but anything is possible in Sri Lankan politics characterised by about-turns. The government is wary of taking up the NCM at issue, which is a can of worms. Therefore, the possibility of the NPP doing everything possible to prevent a debate on it cannot be ruled out. It may have sent a trial balloon by leaking information about how it is planning to set about the task.

One may recall that in August 2025, the government effectively blocked an NCM against Deputy Defence Minister Aruna Jayasekara, with the Speaker ruling that the motion was out of order. Thirty-two Opposition MPs, including Opposition Leader Sajith Premadasa, had submitted that motion against Jayasekara, raising serious concerns about a potential conflict of interest arising from his former military role and the ongoing investigations into the 2019 Easter Sunday bombings. But the allegations against Jayasekera have not gone away.

If the government is planning to seek the Attorney General’s opinion as part of a strategy to scuttle the NCM against the Speaker, as reported, such action will be far more politically damaging than facing a debate on it. Legal experts inform us that there are no grounds on which the NCM at issue can be rejected.

Powerful governments have made a mockery of their commitment to upholding parliamentary traditions and good governance by playing politics with NCMs. One may recall that the JVP was among the political parties that condemned the J. R. Jayewardene government for abusing its steamroller majority to do something despicable to an NCM. In 1980, the Opposition sought to postpone the debate on an NCM it had moved against the then Speaker Bakeer Markar for backing President Jayewardene’s efforts to retain Abeyratne Pilapitiya as a UNP MP by nominating him to the Kalawana electorate despite a Supreme Court ruling that his election was void. Speaker Markar echoed President Jayewardene’s assertion that the Kalawana seat had not fallen vacant, and therefore a by-election was not warranted. The NCM against the Speaker was scheduled to be debated on 23 December, 1980, but the Opposition wanted it postponed in view of possible legal implications of the by-election the UNP was trying to avoid. But claiming that the NCM, moved by the Opposition, was of utmost national importance and therefore had to be debated urgently, the UNP government took it up, put it to the vote and defeated it! All UNP MPs, including the proposer and the seconder, voted against the NCM! The Opposition boycotted the NCM debate. The UNP will never be able to live down its shameful action.

The JVP-NPP government would do well to refrain from resorting to tactics that evoke memories of the governments the JVP vehemently condemned as dictatorial regimes and doing what not even its predecessors did. It is fervently hoped that the allegations about a move to block the NCM against the Speaker are not true.

Continue Reading

Editorial

Saving Anojan: Beyond Executioner’s Blade

Published

on

Friday 16th October, 2026

Glad tidings come occasionally amidst doom and gloom. Sri Lankans are elated that the Supreme Court of Saudi Arabia has set aside the death sentence imposed on Anojan Sivarasa. He was initially sentenced to five years’ imprisonment and fined three million Saudi riyals over a Facebook comment deemed insulting to the Prophet Muhammad. The death sentence was subsequently imposed on appeal, forcing Sri Lanka to redouble its efforts to save him. The Opposition lost no time in raking the government over the coals, claiming that it had ruined the chances of saving Anojan.

Anojan has been spared the death penalty, but that does not mean his freedom has been secured. His legal fate remains uncertain. Conflicting interpretations of the Saudi Supreme Court ruling and media reports based on them do not establish whether he will face another sentence at the rehearing or incur other legal consequences for the offence of which he was convicted. A prolonged stay in a Saudi prison could prove a fate worse than death. Anojan has already suffered an assault at the hands of a fellow inmate. His ordeal, therefore, is far from over. It is fervently hoped that he will secure his freedom, return to Sri Lanka and be reunited with his family.

It is both heartening and ironic that a government led by the JVP, an organisation with a history of kangaroo trials and extrajudicial executions, has striven to save a life, and rightly so. One hopes that the government will continue to uphold the same respect for the right to life in its broader sense, a fundamental human rights principle that encompasses not only protection against arbitrary deprivation of life but also the state’s duty to safeguard life. Saving Anojan from the executioner’s blade is therefore a welcome act. But respect for the right to life must extend beyond a single individual facing execution abroad. According to the UN Human Rights Committee, the right to life encompasses protection against unlawful killing, foreseeable threats to life, and conditions that prevent people from living with dignity. These include access to essential healthcare and other basic services, protection against environmental degradation and public hazards, and safeguards against deaths in state custody. The principle applies to everyone, including suspects and convicted criminals, regardless of the gravity of their offences.

It is said that victory has a thousand fathers but defeat is an orphan. So, it is only natural that both the government and the Opposition are claiming credit for saving Anojan. If the Saudi Supreme Court had upheld the death sentence, they would have blamed each other.

Sri Lankan taxpayers, who are struggling to keep their heads above water amidst numerous economic hardships and crying out for relief, have a right to know how much the legal and diplomatic efforts to save Anojan from execution have cost the public purse. The government must disclose the expenditure incurred, including legal fees, travel and other related expenses, and explain the principles governing the use of public funds for such interventions.

The government should also make it very clear that all Sri Lankans working or living abroad must understand that they are subject to the laws of their host countries and that insulting religions or committing other offences can have grave consequences. Those who knowingly violate such laws must be prepared to face the legal consequences. At the same time, any policy must allow for exceptional cases in which fundamental rights, access to justice or the risk of disproportionate punishment warrant direct state intervention.

One important lesson that Anojan’s predicament holds for social media users is that freedom of expression is not the freedom of the wild ass. It has limits, and, as the familiar saying goes, one person’s freedom ends where another person’s nose begins.

Continue Reading

Editorial

War for votes in the offing?

Published

on

Thursday 15th Octobber, 2026

Israeli Prime Minister Benjamin Netanyahu is reportedly cranking up pressure on US President Donald Trump to resume military strikes on Iran ahead of the upcoming elections in Israel and the US. Trump recently declared that there would be no military operations against Iran until the conclusion of the US midterm elections in November, but speculation is rife that Netanyahu may be able to persuade him to change his mind.

Netanyahu appears to view the Iran conflict through the Clausewitzian lens. Prussian General and military theorist Carl von Clausewitz has argued that war is not an isolated military undertaking divorced from political considerations; it is an instrument used by states to achieve political objectives when other means prove insufficient or when leaders choose to resort to force. Critics of Israel claim that Netanyahu is trying to further his own political interests by escalating an international conflict. They argue that Netanyahu’s support base has shrunk considerably at home as he is facing criminal charges of bribery, fraud and breach of trust in three separate cases, and therefore he is using the Iran conflict, etc., to portray himself as a leader best equipped to deal with threats to Israel’s security.

Renewed military confrontation with Iran could give a big fillip to Netanyahu’s election campaign. Political scientists call this phenomenon ‘diversionary war theory’; leaders facing declining popularity, domestic unrest or threats to their tenure tend to use an international confrontation to redirect public attention, stimulate patriotism and rally citizens around their governments.

In the US, the Republicans face a serious risk of suffering a huge setback at the upcoming midterms and losing control of the House of Representatives, while their chances of retaining the Senate are believed to be considerably better, although Democrats now have a realistic opportunity to capture it as well. Current forecasts favour the Democrats in both chambers, but the Senate contest remains much closer. This is an unsettling proposition for President Trump, who will not hesitate to do everything in his power to improve his party’s electoral chances.

Meanwhile, Netanyahu’s desperation to retain his hold on power amidst the Israeli Opposition recovering lost ground has given rise to several conspiracy theories, the most prominent among them being that the recent attempted hijacking of Flydubai flight was an Israeli false-flag operation; the incident was staged for political purposes. It may be recalled that a conspiracy theory about the Hamas attack on Israel in 2023 alleged that Netanyahu had prior knowledge of the assault but deliberately allowed it to happen because the resulting war would strengthen his political position.

World history is replete with instances where rulers fought wars to consolidate their power at home. Historians tell us that Napoleon III involved France in the Crimean War so as to strengthen its legitimacy and restore France’s international standing. Russia’s war in Chechnya enabled Vladimir Putin to establish his image as a decisive leader.

The next phase of the Iran war is very likely to be far more destructive than the previous ones. Future military operations against Iran are bound to have unprecedented global consequences. Oil prices will soar again, making economies scream the world over. Worse, Iran has explicitly threatened to target regional digital infrastructure, including submarine cables and data centres if war resumes. Iran’s threat is credible enough to merit attention, although it does not establish that attacks on every category of infrastructure are inevitable or that Iran has announced a specific operation against US-based facilities.

If Iran carries out its threat in case of the US and Israel resuming strikes, the UAE and Bahrain will face direct risks; the UAE, Bahrain, Qatar, Kuwait and parts of Saudi Arabia will be exposed to damage affecting Gulf submarine cables. Sri Lanka and India are among the potential secondary victims of a wider outage, especially if Red Sea cables are damaged. The possibility of attacks on cables causing widespread disruption to European internet connectivity cannot be ruled out, according to experts, but military might blinds powerful nations to reality and drives them to act recklessly. All one can do is hope that what is feared will not come to pass.

Continue Reading

Trending