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`People swept away by economic tsunami’ -Eran

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The main opposition SJB says that Sri Lanka is the only country in the world that has faced unprecedented price increases of essential commodities such as gas and fuel.

Addressing the media at the SJB office in Kirulapone, SJB MP Eran Wickramaratne on Sunday said that during the same period Sri Lanka degenerated into a dangerous situation with regard to its foreign exchange reserves.

Wickramaratne said even the countries in the Asian region had recorded a positive GDP growth, FDI and foreign reserves.

Before the start of the press conference, Wickramaratne observed a two-minute silence in remembrance of the tsunami victims, where over 35,000 Sri Lankans were killed 17 years ago on Boxing Day 2004.

Wickramaratne said that Sri Lankans were looking for solutions brought forward by an individual, a President, which had been greatly disappointing. As a result, the country had plunged into an Economic disaster through autocratic policies and family rule.

“In a society problems are complex and there are no easy solutions. There is a need for a wise leader who should have the support of a team who are honest and have proven expertise and experience in governance and economic management. People’s belief in an individual’s ability to steer the nation has ended in disarray ushering autocratic family rule. Higher officials take no responsibility for decision-making as their views and opinions are often disregarded.”

“Because of this family rule, the higher officials say they were not part of the decision-making process even though they were present at such discussions. Even the Cabinet of Ministers claims that they were not aware of Cabinet decisions, even though the Cabinet secretary has publicised those decisions. It proves the decisions are taken by a closed coterie, and the ministers have become just on-lookers. Recently, the Agricultural Ministry Secretary, who is an agricultural scientist, was removed from his position as he warned of the possibility of starvation due to the decision not to import chemical fertiliser. The Secretary had pointed out that it was due to ill advice and a dead rope given to the President by people who did not know the subject,” the former banker turned politician said.

Elaborating further, the MP explained that the promotion of myths and lies made people believe in an individual or family being able to rescue the nation. Speaking on corruption that had engulfed the country, he pointed out that millions of dollars had been paid for unseen aircraft and unseen fertiliser.

He said that Sri Lanka was an exception where revenue from exports, foreign direct investment had gone down due to economic mismanagement rather than the Covid pandemic. Almost all countries were affected by the pandemic, but not a single country was as badly affected as Sri Lanka, because of better economic management in those countries.

“The people of this country are being swept away by the economic tsunami just as they were swept away by the tsunami in 2004,” he said.

The MP referred to the irrational management of the exchange rate and forcing Sri Lankan workers overseas to convert their Dollar remittances at banks at Rs 200 per Dollar while the gray market was over Rs 250 per Dollar. The overvalued Sri Lankan Rupee logically encourages exporters to under invoice their exports in Dollars. Poor exchange rate management has caused foreign reserves to plunge to dangerously low levels.

Over 1.5 trillion Rupees of money printing by the Central Bank has been the main contributory factor pushing inflation into double digits within a short period. The average inflation rate of 2014-2019 of 3.5% has shot up to an average inflation rate of over 10% in 2019-2021. The inflation rate in November has exceeded 11%, Wickramaratne said.



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No change in death toll, stands at 639 as at 0600AM today [11th]

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The Situation Report issued by the Disaster Management Center at 0600 AM today [11th December 2025] confirms that there has been no addition to the death toll in the past 24 hours and remains at 639. The number of missing persons has reduced by ten [10] and stands at 193.

There is a slight reduction in the  number of persons who are at safety centers and, stands at 85,351  down from 86,040 yesterday.  Five safety centers have also closed down in the past 24 hours and  873 safety centers are still being maintained.

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Regulatory rollback tailored for “politically backed megaprojects”— Environmentalists

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Investigations have revealed that the government’s controversial easing of environmental regulations appears closely aligned with the interests of a small but powerful coalition of politically connected investors, environmentalists have alleged.

The move weakens key Environmental Impact Assessment (EIA) requirements and accelerates approvals for high-risk projects, has triggered a storm of criticism from environmental scientists, civil society groups and even sections within the administration, they have claimed.

Environmental Scientist Hemantha Withanage, Executive Director of the Centre for Environmental Justice, told The Island that the policy reversal “bears the fingerprints of elite political financiers who view Sri Lanka’s natural assets as commodities to be carved up for profit.”

“This is not accidental. This is deliberate restructuring to favour a specific group of power brokers,” he told The Island. “The list of beneficiaries is clear: large-scale mineral extraction interests, luxury hotel developers targeting protected coastlines, politically backed hydropower operators, industrial agriculture companies seeking forest land, and quarry operators with direct political patronage.”

Information gathered through government insiders points to four clusters of projects that stand to gain substantially:

Several politically shielded operators have been lobbying for years to weaken environmental checks on silica sand mining, gem pit expansions, dolomite extraction and rock quarrying in the central and northwestern regions.

High-end tourism ventures — especially in coastal and wetland buffer zones — have repeatedly clashed with community opposition and EIA conditions. The rollback clears obstacles previously raised by environmental officers.

At least half a dozen mini-hydro proposals in protected catchments have stalled due to community objections and ecological concerns. The new rules are expected to greenlight them.

Plantation and agribusiness companies with political links are seeking access to forest-adjacent lands, especially in the North Central and Uva Provinces.

“These sectors have been pushing aggressively for deregulation,” a senior Ministry source confirmed. “Now they’ve got exactly what they wanted.”

Internal rifts within the Environment Ministry are widening. Several senior officers told The Island they were instructed not to “delay or complicate” approvals for projects endorsed by select political figures.

A senior officer, requesting anonymity, said:

“This is not policymaking — it’s political engineering. Officers who raise scientific concerns are sidelined.”

Another added:”There are files we cannot even question. The directive is clear: expedite.”

Opposition parliamentarians are preparing to demand a special parliamentary probe into what they call “environmental state capture” — the takeover of regulatory functions by those with political and financial leverage.

“This is governance for the few, not the many,” an Opposition MP told The Island. “The rollback benefits the government’s inner circle and their funders. The public gets the consequences: floods, landslides, water scarcity.”

Withanage issued a stark warning:

“When rivers dry up, when villages are buried in landslides, when wetlands vanish, these will not be natural disasters. These will be political crimes — caused by decisions made today under pressure from financiers.”

He said CEJ was already preparing legal and public campaigns to challenge the changes.

“We will expose the networks behind these decisions. We will not allow Sri Lanka’s environment to be traded for political loyalty.”

Civil society organisations, environmental lawyers and grassroots communities are mobilising for a nationwide protest and legal response. Several cases are expected to be filed in the coming weeks.

“This is only the beginning,” Withanage said firmly. “The fight to protect Sri Lanka’s environment is now a fight against political capture itself.”

By Ifham Nizam

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UK pledges £1 mn in aid for Ditwah victims

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Acting UK High Commissioner Theresa O’Mahony inspecting a school damaged by floods, during a visit to the Sri Lanka Red Cross operations in Gampaha.

The UK has pledged £1 million (around $1.3 million) in aid to support victims of Cyclone Ditwah, following Acting High Commissioner Theresa O’Mahony’s visit to Sri Lanka Red Cross operations in Gampaha.

“This funding will help deliver emergency supplies and life-saving assistance to those who need it most,” the British High Commission said. The aid will be distributed through humanitarian partners.

During her visit, O’Mahony toured the Red Cross warehouse where UK relief supplies are being prepared, met volunteers coordinating relief efforts, and visited flood-affected areas to speak with families impacted by the cyclone.

“Our support is about helping people get back on their feet—safely and with dignity,” she said, adding that the UK stands “shoulder to shoulder with the people of Sri Lanka” and will continue collaborating with the government, the Red Cross, the UN, and local partners in recovery efforts.

She was accompanied by John Entwhistle, IFRC Head of South Asia, and Mahesh Gunasekara, Secretary General of the Sri Lanka Red Cross.

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