News
Opp. alleges Speaker disrupts CoPF ahead of vote on CBSL Bill
By Shamindra Ferdinando
The Opposition yesterday (08) lambasted Speaker Mahinda Yapa Abeywardena for what it called a move to disrupt the Committee on Public Finance (CoPF) ahead of the vote on a Bill titled ‘Central Bank of Sri Lanka.’
Top spokespersons for the Nidahas Janatha Sabhawa (NJS) Prof. G.L. Peiris, MP, and the main Opposition Samagi Jana Balawegaya (SJB) MP Dr. Harsha de Silva frowned on the indefinite postponement of the appointment of the Chairman of the watchdog committee.
Addressing the media, at the NJS Office, at Nawala, Prof. Peiris flayed the government over the proposal to set up a so-called ‘Independent Budget Office’ for greater scrutiny on public finance, whereas the time-tested apparatus was disrupted. The former External Affairs Minister, and retired top law academic, alleged that the government was hell-bent on disrupting the CoPF. The Opposition raised the issue as knowledgeable people questioned the need for such a set manned by two persons expected to be given wide powers.
The rebel SLPP National List MP said that the denial of the Chairmanship of the CoPF to the Opposition was a serious violation of the Standing Orders of Parliament. The former Minister emphasized that the Wickremesinghe-Rajapaksa government wanted to cripple the vital all-party body.
Dr. de Silva declared that the SLPP Speaker postponed the scheduled selection committee meeting to appoint the Chairman of CoPF in spite of it being the only watchdog committee chaired by the Opposition. Responding to The Island queries, the economist said that though the second reading of the Bill, titled ‘Central Bank of Sri Lanka,’ was to take place, CoPF couldn’t peruse it yet, the one-time UNP State Minister said.
The SJB lawmaker warned that yet another pro-tem Chairman would be appointed today (09) to ensure approval for the relevant Bill, ahead of the second reading and vote on May 11.
Alleging that this was an extremely serious violation of Standing Orders, particularly against the backdrop of the sensitive nature of the Bill concerned and economic ruination, Dr. de Silva emphasized that CoPF was the only committee that looks into the future whereas the Committee on Public Accounts (CoPA) and Committee on Public Enterprises (COPE) examine past audits.
Both Prof. Peiris and Dr. de Silva alleged that the government disrupted the CoPF at the very beginning of the latest session. Dr. de Silva represented the SJB in the third session of the 9th Parliament though the election of new Chairman following the prorogation with effect from January 27, 2023.
Trouble erupted when the SLPP nominated SJB lawmaker Mayantha Dissanayake as Chairman of CoPF in the fourth week of February, 2023, in spite of the Opposition re-nominating Dr. de Silva. Two days later, National List MP Dissanayake resigned. However, the ruling party nominated the sole UNP National List MP in Parliament, Vajira Abeywardena, as the Acting Chairman, regardless of the Opposition demand that de Silva received the CoPF leadership.
Prof. Peiris said that since then the government prevented the finalization of the appointment though the administration assured the International Monetary Fund (IMF) tangible measures would be taken against waste, corruption, irregularities and mismanagement.
Dr. de Silva alleged that Speaker Abeywardena was pursuing a political agenda at the expense of his duty to ensure the responsibility on the part of Parliament regarding public finance.
Prof. Peiris said that the entire gamut of issues would be taken up with the IMF delegation, expected to visit Colombo in about two weeks. The ex-Minister insisted that the disruption of CoPF couldn’t be justified, under any circumstances.
At the onset of the briefing, Prof. Peiris said that the government was yet to address the issues at hand with an open mind. Instead, the government sought to muddy the waters by calling a vote on the IMF bailout package, the former minister said, declaring that there was no requirement for a vote.
Sri Lanka obtained IMF bailout packages on 16 previous occasions. Prof. Peiris stressed that in spite of Parliament approving the agreement with the IMF (120 voting for and 25 against), a future government would definitely seek to renegotiate it. The ex-minister repeated concerns over the restructuring of domestic debt and its impact on the EPF (Employees’ Provident Fund). According to him, the Opposition was contemplating the possibility of taking legal action to prevent the government from laying its hands on EPF funds.
News
Tobacco and alcohol claim 22,000 lives annually
NATA to be given more powers
The Parliamentary Sectoral Oversight Committee on Health, Mass Media and Women’s Empowerment has agreed in principle to ban single-stick sales of cigarettes and increase taxes on tobacco products, according to parliamentary sources.
The decision was reached during an institutional review of the National Authority on Tobacco and Alcohol (NATA) held recently in Parliament. The meeting was chaired by MP Dr. Nihal Abeysinghe.
During the review, NATA officials informed the committee that approximately 22,000 deaths occurred annually in Sri Lanka due to tobacco and alcohol consumption. They said the country suffered an economic loss of between Rs. 225 billion and Rs. 240 billion each year due to the consumption of tobacco products and alcohol.
Officials told the committee that steps were underway to amend the National Authority on Tobacco and Alcohol Act to grant it more powers.
Noting that 104 countries had already banned the sale of loose cigarettes, the underscored the need for Sri Lanka to adopt a similar policy. When loose cigarettes were sold, mandatory health warnings on cigarette packets were not visible to consumers, the NATA officials said.
The committee was also briefed on the importance of imposing taxes on cigarettes after determining their retail prices, as part of broader measures aimed at reducing tobacco consumption.
Commenting on the matter, Dr. Abeysinghe said the committee was prepared to extend its full support for the proposed amendments to the Act, as well as for other programmes and initiatives undertaken by the National Authority on Tobacco and Alcohol.
Deputy Chair of the Committees Hemali Weerasekara, committee members MPs Dayasiri Jayasekara, Muneer Mulaffer, Samanmali Gunasinghe, Prof Sena Nanayakkara, Dr S. Sri Bhavanandarajah, Dr Ramanathan Archchuna and with the permission of the Chair, MPs Dr. Janaka Senarathna and Dr Pathmanathan Sathiyalingam were present at the committee meeting.
News
Development Officers hunger strike drags on for fourth day
The hunger strike launched by a group of Development Officers demanding their absorption into the teacher service entered its fourth day yesterday (29) outside the Presidential Secretariat Colombo.The protesters, members of the Ceylon School Development Officers’ Union (CSDOU), began their satyagraha on January 26.
One of the four officers participating in the fast-unto-death fell seriously ill on the fourth day and was rushed to hospital for treatment, while the remaining three continued the hunger strike. Earlier, Dr. Chamal Sanjeewa, President of the Doctors’ Trade Union Alliance for Medical and Civil Rights, visited the protest site to examine the health of the protesters and oversaw the administration of saline to those suffering from dehydration.
CSDOU Secretary Viraj Manaranga criticised authorities for refusing to listen to the protestors.
“Not a single official from the relevant authorities has come forward to hear our grievances, which is a matter of serious concern,” he said, accusing the government of negligence and “stepmotherly treatment” of the issue.
The Ceylon Teachers’ Union (CTU) echoed the need for legal and procedural adherence, noting that there are currently 40,000 teacher vacancies nationwide. The union stressed that a significant number of development officers and graduates remain outside the teaching service, despite provisions in the teacher service constitution allowing for their appointments, which fall under the powers of Provincial Councils.
National People’s Power (NPP) MP Chandana Sooriyarachchi said graduate development officers are required to sit a compulsory competitive examination. Former Education Minister Akila Viraj Kariyawasam, who oversaw appointments under the Good Governance administration, also stated that direct appointments are legally not feasible. He added that school development officers were absorbed into the teacher service in 2018 through competitive exams and stressed that appointments must follow established procedures, warning that strikes would not alter this process.
The hunger strike continues to draw attention to the demands of the Development Officers as they urge the government to take immediate steps to address their grievances.
News
IMF urges Lanka to diversify trade amidst global tariff risks
Sri Lanka and other small Asian economies must accelerate trade diversification or face heightened vulnerability to global tariff disputes and shifting supply chains, warned Krishna Srinivasan, Director of the Asia and Pacific Department at the International Monetary Fund (IMF).
Speaking in Colombo on the evolving global trade landscape, Srinivasan highlighted Asia’s growing exposure, particularly in the wake of tariff tensions between the United States and China. “Asia benefited a lot from trade integration, benefited a lot from openness to trade,” he said. “So much so that when tariffs were imposed by the US, Asia was subject to the highest level of tariffs.”
He cautioned that the region that gained most from open markets is now at risk of bearing the brunt of protectionist measures. For countries like Sri Lanka, he said, the message is clear: diversify or be exposed.
Srinivasan also noted that South Asia remains the least integrated sub-region in the continent. “Having greater integration with your partners within the sub-region will take you a long way,” he said. For small economies, he added, building deeper trade ties with neighbours and broadening export and production bases is essential for resilience.
Meanwhile, Sri Lanka has received a strong vote of confidence from the IMF following a high-level meeting between President Anura Kumara Dissanayake and the delegation at the Presidential Secretariat.
The visiting IMF representatives, who arrived on January 22 to assess the damage caused by Cyclone Ditwah, spent a week touring the island, engaging with affected communities and observing the impact firsthand. In a briefing, the delegation praised the government’s swift relief efforts, infrastructure restoration, and commitment to rebuilding lives, noting widespread appreciation among citizens for the administration’s handling of the crisis.
-
Business5 days agoComBank, UnionPay launch SplendorPlus Card for travelers to China
-
Business6 days agoComBank advances ForwardTogether agenda with event on sustainable business transformation
-
Opinion6 days agoConference “Microfinance and Credit Regulatory Authority Bill: Neither Here, Nor There”
-
Business2 days agoClimate risks, poverty, and recovery financing in focus at CEPA policy panel
-
Opinion23 hours agoSri Lanka, the Stars,and statesmen
-
Opinion5 days agoLuck knocks at your door every day
-
Business7 days agoDialog Brings the ICC Men’s T20 Cricket World Cup 2026 Closer to Sri Lankans
-
News6 days agoRising climate risks and poverty in focus at CEPA policy panel tomorrow at Open University
