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Lankans migrate, work over time, and eat less to beat inflation

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By SHIHAR ANEEZ

Leaving his family and relatives was the hardest decision for Suren. But he had no other option.He never wanted to go abroad for work. An accountant by profession, Suren even had the opportunity to be promoted for a higher post at the private firm he was working at in Colombo. But he was left with no choice.

“For the last three years, I had hopes that this country would become a better place for us to live peacefully. But it is becoming increasingly hard to live with the status quo,” the 36-year-old father of three from Colombo suburb Dehiwela said in conversation with EconomyNext.

Armed with a local accountancy qualification, Suren managed to find a job in Dubai. He leaves Colombo next week and is now in the process of preparing his family for his physical absence.

“It’s very hard to find an affordable school van service for my two sons. If I live in Sri Lanka, at least 40 percent of my salary will go only to send my boys to school,” he said after dropping his children at one of the main schools in Colombo.

A currency crisis that led to a shortage of essentials,  sovereign debt default, and later into a political crisis has forced Suren to look for better opportunities than his 50,000 rupee (139 dollar) monthly salary.The sharp depreciation of Sri Lanka’s currency alone resulted in his monthly salary eroding from 250 US dollars to its current level. Excess money printing by the central bank to artificially maintain record low interest rates and exchange rates are now taking their toll on Sri Lankans from all walks of life.

Suren will now earn in UAE dirham which has almost doubled against the local rupee in the last seven months.

“I can’t think of a future for my kids because at one point we did not have milk powder for my younger child, wheat flour to make breakfast, cooking gas for our own meals or medicines for my mother. More than anything, costs have gone up like crazy with no additional income,” he said.

Thousands of Sri Lanka’s skilled workers and professionals are facing the same situation as Suren. Most of them plan to leave the country either for a foreign job or to migrate permanently.

Official data showed that over a quarter million people have left the country so far this year, mainly for jobs.

“When you earn in foreign currency, at least you can manage the expenses,” said Suren.

“It is a cushion against the high costs. I hope I can take my family as well in the future to a foreign country. I have lost hope in this country.”

Sri Lanka’s inflation is hovering at a record high of 70 percent. The price of essential goods have more than tripled just in the last eight months, data showed.A person needs at least 500 rupees to have three meals a day with minimum nutrition.

Food inflation is now hovering over 90 percent.The central bank’s tight monetary policy with a record increase of policy rates has yet to curb inflation.Money printing, supply disruptions caused by former president Gotabaya Rajapaksa’s fertilizer mess up, a crippling dollar shortage, and sharp depreciation of the rupee led to significant price increases and affected supply across the board.

Supermarkets have put up notices warning customers that there could be frequent price hikes and asking them not to argue with staff if the real prices are not the same as those displayed on the shelves.Many Sri Lankans have cut down on food. Some have reduced their meals to two a day while others manage with reduced protein content in their plates. Some others have changed meals to one and consume cheaper foods at main meals.

“My wife and I have stopped eating in the mornings. But we try to give nutritious meals to our kids,” Shantha Silva, a 46-year old father of two, told EconomyNext.

Silva was a threewheeler taxi driver before the economic crisis. But the fuel shortage and expensive petrol have resulted in less demand for hires as more people have shifted to public transport or push bicycles or walking.Now he goes on hires as a part-time driver mainly at night. In morning hours, he works as a security guard at a private office in Wattala, 10km from capital Colombo, while also working in a hotel kitchen when he has some time off.

“It’s a machine life now,” said Silva.

“If you want to survive in Sri Lanka without stealing or smuggling drugs, you have to have multiple jobs or reduce the meals you take.”

Silva’s wife is  a cancer survivor but still needs medicines to keep the 45-year old kindergarden teacher healthy.

Both of their salaries are now adequate to manage only 50 percent of the total needs of their family. Before the crisis, Silva’s family saved at least 10,000 rupees or nearly 10 percent of their monthly compensation.But now Silva, similar to millions of Sri Lankans, is struggling to make ends meet.

“Reducing meals is not an option for children as they might face malnutrition. So I try my best to feed them by working multiple jobs,” he said.



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War-linked power crunch pushes Lanka to four-day week

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(AFP ) Millions of Sri Lankans enjoyed a government-ordered extra day off on Wednesday as the island nation battles an energy crisis triggered by the Middle East war.

Rail and bus stations were largely deserted as most state institutions, schools and universities shifted to a four-day working week.

“I am really enjoying the mid-week break because it is a fully paid holiday,” said housing ministry official Prarthana Perera, 40.

Her office, like many government departments in Battaramulla — the capital’s main administrative hub — was closed.

Banks operated on shorter hours, while many private firms introduced work-from-home arrangements, industry bodies said, urging members to help curb energy use.

Sri Lanka has already raised fuel prices by a third since the United States and Israel began bombing Iran, triggering retaliatory attacks that have disrupted global energy supplies.

About half of Sri Lanka’s electricity is generated by coal and diesel.

The cabinet has set a target of cutting electricity consumption by 25 percent, ordering street lamps switched off and asking civil servants to use table fans instead of power-hungry air conditioners.

Shipping executive Varuna Perera welcomed the day off but was uncertain of its impact.

“It will not be effective in the long term,” Perera said. “But the government will have a breather for a couple of weeks, to save some energy.”

Environmental lawyer Ravindranath Dabare was more sceptical, arguing the move would have limited impact as those needing government services would have to travel on other days.

“We can’t close hospitals… the doctors and health officials can’t work from home,” Dabare said.

The influential Chamber of Commerce said it had urged members to follow government guidelines or adopt remote work where possible, if

“business continuity can be effectively maintained”.

And Sri Lanka’s leading technology firm WSO2 made working from home mandatory for its 500 employees on Tuesdays and Thursdays.

“This is our way of contributing to the national cause,” WSO2 spokeswoman Zaithoon Bin-Ahamed told AFP.

Media Minister Nalinda Jayatissa said the government had yet to assess the impact of the energy-saving measures, but expected broad compliance.

Sri Lanka has been running coal and diesel power plants at full capacity to meet electricity demand.

President Anura Kumara Dissanayake urged electric vehicle owners not to charge their cars overnight, as they would add a surge to an already strained grid.

He asked motorists instead to plug in during the day, when excess solar power is available.

Officials said the country’s diesel stocks are sufficient to last until mid-May, while petrol could last a week longer.

The government is seeking oil supplies from Russia and hopes to tap Iran for crude oil, Jayatissa said.

Political commentator Kusal Perera said the crisis also presented scope to boost productivity across the state sector.

“They must use this opportunity to have a national dialogue on improving productivity,” he told AFP. “We have to address the inefficiency in the public sector.”

By Amal JAYASINGHE

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Lanka to swelter through April and May, Met Dept warns

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Sri Lanka is set to experience continued hot weather conditions until May, the Department of Meteorology has warned.

Additional Director General of Meteorology Ajith Wijemanna said the current heatwave is expected to ease only slightly once the southwest monsoon sets in toward the latter part of May.

Wijemanna explained that the island is currently in the first inter-monsoon period, characterised by low wind speeds and shifting wind directions, which contribute to rising temperatures. Reduced cloud cover and the sun’s direct position over the country are causing increased heating of land and sea, generating heat waves and warmer atmospheric conditions.

He cautioned that the hottest period of the day will be between 11:00 a.m. and 4:00 p.m., urging the public to limit outdoor activities during these hours.

Authorities also advised drinking plenty of water, wearing light-colored clothing, and avoiding prolonged exposure to direct sunlight, particularly for children and the elderly.The Meteorology Department further noted that rainfall may remain limited in the coming months, with drier conditions possible due to climate variability.

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Pathfinder Foundation launches Proposal for a National Security Strategy for Sri Lanka

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The Pathfinder Foundation launched a proposal for a National Security Strategy for Sri Lanka—2026, emphasising the urgent need for a comprehensive and state-led national security framework.

The proposed strategy contends that an effective National Security Strategy (NSS) must be based on a robust National Security Policy, which provides the long-term framework for protecting the country’s sovereignty, stability, and development in an increasingly uncertain global environment. The Pathfinder Foundation’s initiative, developed through consultations with academics, retired military officers, legal experts, and policy specialists, seeks to stimulate national discussion and support the formulation of an official state policy. The launch event was attended by those involved in preparing this proposal, heads of local think tanks, and media representatives.

Chairman of the Pathfinder Foundation, Amb. (Retd.) Bernard Goonetilleke, in his presentation of the report, emphasised that many major and middle powers, including the United States, China, the Russian Federation, the United Kingdom, Germany, Sweden, and Japan, have developed formal national security strategies. He pointed out that several South Asian and Southeast Asian countries, including India, Pakistan, Bangladesh, Nepal, Malaysia, Thailand, and Singapore, also rely on NSS, whereas Sri Lanka still lacks a single, officially adopted National Security Policy (NSP) or a National Security Strategy to guide long-term strategic planning.

The report highlights key strategic priorities across several sectors, including good governance, internal security, cybersecurity, energy and food security, health security, human capital development, and environmental protection. It also employs the internationally recognised DIME framework (Diplomacy, Information, Military, and Economy) to guide the coordinated use of national power in advancing Sri Lanka’s interests. Among its main institutional recommendations are establishing a fully legislated National Security Council, creating a National Security Secretariat, and officially appointing a National Security Advisor to coordinate policy and implementation across the government.

 The full text of the report is available https://pathfinderfoundation.org/publications, and your comments a/ welcome via pm@pathfinderfoundation.org

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