Connect with us

News

Millennials and Generation Z professionals demand clarity on IMF bailout from opposition presidential candidates

Published

on

Senior officials of the UNP’s Young Professionals Organization addressing the media at Hotel Nippon last week - From left to right: YPO senior official Mohamed Ziyard Muzni, National Organizer Kosala Munasinghe, Kesbewa UNP organizer Ranil Willaddarage YPO President and Attorney-at-Law Sunil Kekulandala and Treasurer Heshan Samaratunga

By Chaminda Silva

Professionals and entrepreneurs, including both Millennials and older members of Generation Z, organized by the UNP’s Young Professionals Organization (YPO), are calling on opposition presidential candidates to clearly outline their plans for managing the IMF bailout package and ensuring a successful navigation of the country’s economic crisis.

Addressing a press conference held at Hotel Nippon last week, YPO President and Attorney-at-Law Sunil Kekulandala said that while the voting public has a clear but uncertain understanding of the economic plans of incumbent President Ranil Wickremesinghe, there is significant ambiguity regarding the plans of other presidential candidates.

“The past two years have demonstrated how President Wickremesinghe managed to stabilize the economy, and we have some insight into his plans for recovery. However, there is a lack of clarity and consistency in the proposals from other candidates concerning IMF assistance. This uncertainty raises doubts and fears, as our nation cannot afford another crisis. We cannot return to the days of fuel queues and power cuts. We demand that presidential candidates clearly explain their strategies for managing the economy and ensuring a smooth recovery process,” Kekulandala said.

Secretary of the YPO’s Entrepreneurs’ Circle and Kesbewa UNP organizer Ranil Willaddarage remarked that during the peak of the crisis, when the rupee was rapidly depreciating, there were predictions that people might soon need to transport cash in wheelbarrows, similar to crises in Turkey and Argentina. “President Wickremesinghe has shown the entrepreneurial skills necessary to navigate the crisis and steer the country back on track. As entrepreneurs, we understand the difficulties of recovering from a bankruptcy situation. Now that we have moved past the worst, we need assurances from presidential candidates that they will not obstruct the recovery process,” Willaddarage said.

YPO National Organizer Kosala Munasinghe also expressed concerns about the statements and promises made by opposition presidential candidates. “These statements are unclear, and there is fear that additional taxes might be imposed if these candidates are elected and fail to meet their promises. Some promises seem unrealistic, and increasing taxes further might be the only way to fulfill their electoral commitments. The candidates’ statements about managing IMF assistance are varied and contradictory.

This is a critical issue where national interests should outweigh political agendas,” Munasinghe said. He added that YPO, through its coordinators and members in 22 districts, will begin canvassing to urge presidential candidates to clarify their economic policies and plans to prevent another economic crisis.YPO Treasurer Heshan Samaratunga and senior official Mohamed Ziyard Muzni also addressed the press.



Continue Reading
Advertisement
Click to comment

Leave a Reply

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

News

Iranian ships stranded, Lanka fears US sanctions

Published

on

‘Companies may face US sanctions’: Lanka to put ‘national interest’ first as 19 Iranian vessels seek help

(ToI) Sri Lanka said on Friday it would “prioritise our national interests” before providing assistance to the crews of 19 Iranian ships anchored in international waters near the island nation.The crews are facing shortages of food, water and fuel. A foreign ministry spokesperson cited the risk of US sanctions against Sri Lankan companies supplying the vessels as a key concern.

The United States and Iran have been at war since February 28, when the US and Israel launched joint strikes against the Islamic Republic.

“Sri Lanka will put its national interest first before considering any help, and the companies that supply ships are aware of possible secondary sanctions from the United States,” spokesperson Thushara Rodrigo told reporters, ruling out any immediate assistance to the vessels.

Rodrigo clarified, however, that Sri Lanka had received no communication from the United States warning of repercussions if it decided to assist the vessels.According to Rodrigo, the ships are stationed 24 nautical miles off Sri Lanka’s coast.The Iranian Embassy said it had no information on the matter.

In March, a US torpedo attack sank the Iranian naval vessel IRIS Dena in Sri Lankan waters, killing 87 sailors.

The ship was returning to Iran after participating in a naval exercise at India’s invitation. A second Iranian vessel was brought to a Sri Lankan port after its crew reported technical problems.

Wounded sailors were treated at Sri Lankan hospitals, while those rescued from the second vessel were safely repatriated to Iran.

Sri Lanka is still recovering from an economic crisis, with both the United States and Iran serving as important trading partners. Washington played a key role in securing an International Monetary Fund bailout and supporting Sri Lanka’s agricultural sector to help avert a food crisis.

Continue Reading

News

Sri Lanka CERT warns of overseas university admission scams

Published

on

Sri Lanka CERT has warned the public of fraudulent social media advertisements offering admission to foreign universities after receiving complaints from parents and students who have lost hundreds of thousands of rupees to scammers.

The fraudsters reportedly pose as representatives of reputed foreign universities, promising admission, student visas, work permits and even eventual citizenship in return for registration fees and initial tuition payments.

They use convincing videos, photographs and documents circulated via email and WhatsApp to gain the confidence of unsuspecting victims before asking them to transfer money to foreign bank accounts. The scammers then disappear after receiving the payments, Sri Lanka CERT said.

The agency has urged prospective students and their parents to verify the authenticity of university representatives, documents and bank account details before making payments, and to seek overseas education opportunities only through legitimate and recognised channels.

Continue Reading

News

Navi Pillay’s Lankan affairs in focus as she wins 2026 Nobel Peace Prize

Published

on

Navi Pillay

Former UN High Commissioner for Human Rights and International Court of Justice judge Navanethem “Navi” Pillay has won the 2026 Nobel Peace Prize for her contribution to international law and efforts to promote peace, the Norwegian Nobel Committee announced in Oslo on Friday.

Announcing the award, committee chairman Jørgen Watne Frydnes said Pillay had “significantly enlarged the scope and impact of international law” and helped advance “a more comprehensive global legal order” with exceptional courage. He also praised her long career, which began as a lawyer confronting deep-rooted discrimination in South Africa, and described her as a person with a “firm moral compass”.

Pillay, 85, served as the UN High Commissioner for Human Rights from 2008 to 2014. Her tenure brought her into sharp focus in Sri Lanka, particularly over her assessment of the country’s human rights situation in the aftermath of the decades-long civil war.

During an official fact-finding visit to Sri Lanka from August 25 to 31, 2013, Pillay travelled to areas including Jaffna, Kilinochchi and Trincomalee, where she met civil war survivors, families of the disappeared and local communities.

Following the visit, she warned that Sri Lanka was moving towards authoritarianism and highlighted what she described as a persistent climate of fear.

She also reported intimidation and harassment of people who had sought to meet her during the mission.

Pillay urged the UN Human Rights Council to establish an international inquiry mechanism to investigate alleged war crimes and crimes against humanity committed by both government forces and the LTTE during the final stages of the 26-year civil war.

Her observations and recommendations became a significant part of international scrutiny of Sri Lanka’s post-war human rights record.

The Norwegian Nobel Committee received 287 nominations for this year’s Peace Prize, slightly more than a quarter of them being organisations. The committee traditionally considers efforts to promote peace, international fraternity and institutions that contribute to lasting stability.

Last year, Venezuelan opposition leader Maria Corina Machado won the prize for her campaign for a democratic transition in Venezuela. She was praised as a woman who kept the flame of democracy burning amid growing darkness.

The 2026 award marks the 125th anniversary of the Nobel Peace Prize, first presented in 1901. Over its history, the prize has recognised prominent figures and organisations involved in advancing peace, human rights and international cooperation.

Continue Reading

Trending