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PM’s Office: IMF impressed with progress made by govt.

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International Monetary Fund (IMF) Executive Director Dr. Krishnamurthy Subramanian has said the political will displayed by the Sri Lankan leadership to speed up reforms and implement difficult tax increases in order to revive the economy is highly appreciable, according to a statement issued by Prime Minister Dinesh Gunawardena’s Office yesterday (26)

Dr Subramanian, who called on Prime Minister Dinesh Gunawardena at the PM’s Office in Colombo yesterday (26) was quoted as having said almost all the requirements for the IMF relief package for Sri Lanka have been completed and the moment the final assurances from major lending countries is completed, the process would be finalised.

“We will bat for you,” IMF Executive Director said using cricket jargon. “We play forward with a straight drive for you and whenever necessary, we play cover drives too,” said Dr Subramanian who was the Chief Economic Advisor to the Government of India from 2018 to 2021.

The Prime Minister briefed the IMF delegation about steps taken by the government to face the unprecedented economic challenges faced by the country and to enhance agricultural produce to meet local demand and also for export.

While elaborating the measures taken to reduce non-essential imports and increase export production, he stressed the need for welfare for the poorest segments of the society. Dr Subramanian said that as the Prime Minister pointed out a safety net for economically vulnerable groups is an essential requirement when plans are formulated to restructure debt and revive the economy.

However, he emphasised that the public sector should be ready to make sacrifices as they are at least assured of salaries, while many others have lost their avenues of income.

Secretary to the Prime Minister, Anura Dissanayake, Deputy Governor of Central Bank Dr. Chandranath Amarasekara, who is IMF Alternate Executive Director, Dr. P.K.G. Harischandra, Director and Dr. V D Wickramarachchi, Deputy Director of Economic Research Department of Central Bank also took part in the discussion.



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Karu argues against scrapping MPs’ pension as many less fortunate members entered Parliament after ’56

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Karu Jayasuriya

Former Speaker of Parliament Karu Jayasuriya has written to President Anura Kumara Dissanayake expressing concerns over the proposed abolition of MPs’ pensions.The letter was sent in his capacity as Patron of the Former Parliamentarians’ Caucus.

In his letter, Jayasuriya noted that at the time of Sri Lanka’s independence, political participation was largely limited to an educated, affluent land-owning elite. However, he said a significant social transformation took place after 1956, enabling ordinary citizens to enter politics.

He warned that under current conditions, removing parliamentary pensions would effectively confine politics to the wealthy, business interests, individuals engaged in illicit income-generating activities, and well-funded political parties. Such a move, he said, would discourage honest social workers and individuals of modest means from entering public life.

Jayasuriya also pointed out that while a small number of former MPs, including himself, use their pensions for social and charitable purposes, the majority rely on the pension as a primary source of income.

He urged the President to give due consideration to the matter and take appropriate action, particularly as the government prepares to draft a new constitution.The Bill seeking to abolish pensions for Members of Parliament was presented to Parliament on 07 January by Minister of Justice and National Integration Dr. Harshana Nanayakkara.

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Johnston, two sons and two others further remanded over alleged misuse of vehicle

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Former Minister Johnston Fernando and others being escorted out of the Wattala Magistrate Court premises yesterday

Five suspects, including former Minister Johnston Fernando and his two sons, who were arrested by the Financial Crimes Investigation Division (FCID), were further remanded until 30 January by the Wattala Magistrate’s Court yesterday.

The former Minister’s , sons Johan Fernando and Jerome Kenneth Fernando, and two others, were arrested in connection with the alleged misuse of a Sathosa vehicle during Fernando’s tenure as Minister.

Investigations are currently underway into the alleged misuse of state property, including a lorry belonging to Lanka Sathosa, which reportedly caused a significant financial loss to the state.

In connection with the same incident, Indika Ratnamalala, who served as the Transport Manager of Sathosa during

Fernando’s tenure as Minister of Co-operatives and Internal Trade, was arrested on 04 January.

After being produced before the Wattala Magistrate’s Court, he was ordered to be remanded in custody until 09 January.The former Sathosa Transport Manager was remanded on charges of falsifying documents.

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CIABOC indicts MP Chamara Sampath in HC on bribery allegation

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The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) yesterday informed the Colombo Magistrate’s Court that indictments had been filed in the Colombo High Court against former Minister and NDF Badulla District MP Chamara Sampath Dassanayake over a corruption allegation.

The Bribery Commission notified the court when the case, in this regard, was taken up yesterday before Colombo Chief Magistrate Asanga S. Bodaragama.

At the hearing, the CIABOC notified the court that indictments had been presented before the Colombo High Court against the accused.

Accordingly, concluding the proceedings before the Magistrate’s Court, the Magistrate ordered MP Dassanayake to appear before the High Court once a notice was issued.

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