News
Lanka’s ‘Royal’ mess explained by old boy
By NAMAL SUVENDRA
ECONOMYNEXT –The unprecedented economic crisis in Sri Lanka may have its genesis at Royal College Colombo which has produced an impressive list of politicians contributing to the country’s steady decline.
President Ranil Wickremesinghe addressing students at his alma mater this week made an unintended confession that old boys of Royal College were in the forefront of politics for 163 years.
“I have come here to address you at a very difficult time,” Wickremesinghe told students and a small group of past pupils of Royal. “A situation we have not seen in the last 400 years. A complete collapse of the economy.”
He noted that the 1972 republican constitution which shed the country’s secular nature was drafted by old Royalist Colvin R de Silva. It abolished a civil service commission dealing the first blow to the country’s independent civil service commission.His class-mate Junius Jayewardene did one better introducing the 1978 statute, blamed for much of the political, economic and social woes since.
“Royalists have done it so well that no one else can change it,” the 73-year-old Wickremesinghe said referring to his uncle Jayewardene’s constitution.
However, a few minutes after this remark Wickremesinghe appeared to contradict himself, vowing to have a new constitution that will last a century by dumping his uncle’s 1978 statute.
“Today, we are a country which has only Afghanistan below us. We don’t know what the future is. So when we build this future, it’s an economy that must last for 25 years. It must be a new Constitution that must last for 100 years.”
He said Royal College has produced four Prime Ministers and two Presidents. “This is an outstanding record for any school,” he said. Wickremesinghe and his prime minister Dinesh Gunawardena have also set their almost unbreakable record.
Both men have known each other from the age of three years and are from the “Group of 60,” the Form 1 batch of Royal College and were classmates along with the late Anura Bandaranaike, who became Speaker of the House, and a former minister, Malik Samarawickrema.
Wickremesinghe asked present-day Royalists to follow the “oath of the young men of Athens” which required them to ensure a “greater and more beautiful city” for the next generation. It would have been better to ask them to stick with the original “Disce aut discede,” (learn or depart), something the alumni seem to have forgotten.
News
Pakistan naval trio leaves Colombo after goodwill visit
Wrapping up their goodwill and replenishment visit, the Pakistan Navy ships ‘PNS Taimur’ and ‘PNS Aslat’, along with the submarine ‘PNS/M Hangor’, departed the island on 04 Jun 26. The naval units, which arrived in Sri Lanka on 01 June, were accorded a traditional naval send-off by the Sri Lanka Navy at the Port of Colombo, upon their departure.
During their stay, the Commanding Officers of Pakistan Navy ships and submarine called on the Commander Western Naval Area and the Flag Officer Commanding Naval Fleet at the Western Naval Command Headquarters, where discussions were held on several matters of mutual interest.
Meanwhile, Sri Lanka Navy personnel had the opportunity to visit the visiting Pakistan Navy ships and submarine. Furthermore, the crews of the visiting vessels explored the rich heritage of Sri Lanka, taking time to tour several culturally significant landmarks across the island.
News
China, Lanka intensify cooperation to fight cross-border crimes spreading across Asia and beyond
China and Sri Lanka have intensified joint law enforcement efforts to combat cross-border online gambling and telecom fraud, crimes that authorities warn are increasingly spreading across Asia and beyond.
The Chinese Embassy in Colombo said both countries are working closely to dismantle scam centres and fraud networks that have relocated to Sri Lanka from other parts of Southeast Asia. The Embassy noted that such operations often intertwine with human trafficking and other serious crimes, posing grave risks to public security and social stability.
China’s position on cross-border gambling remains firm: Chinese capital is prohibited from investing in overseas casinos, citizens are barred from operating them, and foreign casinos are forbidden from soliciting Chinese nationals. The Embassy stressed that gambling “almost invariably leads to financial ruin,” with tens of thousands of Chinese citizens suffering losses and harm. Recent amendments to China’s Criminal Law have criminalised cross-border gambling activities.
The Embassy pointed out that Sri Lankan authorities have carried out multiple raids in recent months, dismantling gambling and fraud dens and arresting suspects from several countries. Several Chinese nationals, involved in fraud-related crimes, have been handed over to Chinese authorities, producing what officials described as a strong deterrent effect.
The Chinese Embassy praised the efforts of Sri Lanka’s ministries of Foreign Affairs, Finance, and Public Security, particularly immigration and police officials, for their cooperation.
It warned that without firm and immediate measures, the spread of illegal gambling and fraud could damage Sri Lanka’s international image, undermine social stability, and harm the safety and security of its people.
China has already conducted similar law enforcement cooperation with countries including Spain, the UAE, Myanmar, and Cambodia, leading to arrests and repatriations of overseas fraud suspects. It has also proposed the creation of an international alliance against telecom and online fraud to coordinate global efforts, it said.
Going forward, China pledged to actively implement the Global Security Initiative and Global Civilization Initiative, while continuing to deepen law enforcement and security cooperation with Sri Lanka.
The Embassy said these efforts aim to safeguard lives and property, protect financial security, and build a “clean, safe, and beautiful Sri Lanka,” while contributing to a new global framework for combating transnational crime.
News
Asst. Manager, security officer arrested over Rs 30 mn snatch at Horana PB branch
An assistant manager and a security officer, attached to a state bank branch in Horana, have been arrested in connection with the robbery of more than Rs. 30 million that was being transported to replenish automated teller machines (ATMs), Police said.
The two suspects were taken into custody on Friday after statements were recorded from them regarding the incident, which occurred on Wednesday afternoon at the Horana branch of the People’s Bank.
According to Police, a bank employee was carrying two bags containing cash through the rear entrance of the bank at around 2.45 p.m. when an individual, who had arrived on foot, allegedly snatched the bags and fled the scene.
The stolen money, amounting to approximately Rs. 30.5 million, had been prepared for distribution to ATM machines and transportation to other bank branches. Earlier reports had estimated the loss at around Rs. 35 million.
Investigators subsequently arrested a suspect believed to have been directly involved in the robbery and recovered Rs. 17 million of the stolen cash.
Police have not disclosed the exact circumstances that led to the arrest of the assistant manager and security officer but said investigations uncovered information linking them to the incident.
The Western Province North Crime Division is conducting further investigations to determine whether additional suspects were involved and to recover the remaining stolen money.
The daring daylight robbery has raised concerns over security procedures employed during transportation of large sums of cash to/from banking institutions.Further investigations are continuing.
by Norman Palihawadane
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