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President invites party leaders for ‘collective dialogue’ with IMF

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President Ranil Wickremesinghe

ECONOMYNEXTPresident Ranil Wickremesinghe has invited political party leaders in Parliament to discuss the IMF agreement implementation with the fund’s Managing Director.

“I am willing to extend an invitation to the Managing Director of the IMF to participate in a collective dialogue here. Let us collaboratively explore different perspectives and propose modifications if deemed beneficial,” Wickremesinghe said during the International Customs Day celebrations at the Colombo Customs Headquarters on Friday (26), according to his media division.

Sri Lanka has entered into an agreement with the International Monetary Fund, a pact signed by numerous countries, including 15-20 others.

In return for a bailout, the agreement has Sri Lanka restructuring its foreign and local debt after the country defaulted in peacetime after triggering serial currency crises, and increasing its revenue.

“It is an agreement we cannot simply walk away from, necessitating collective discussion and consideration. However, the unfortunate reality is that our political landscape often resembles the fleeting nature of “papadam” —put in the pan, enjoyed when it blooms, and soon forgotten. The cycle repeats, with new issues emerging, gaining momentary attention, and eventually fading into oblivion,” Wickremesinghe said.

“While the amendment process is open for consideration, it is imperative to acknowledge the existing agreement and work towards its implementation.”

Wickremesinghe said that the economy suffered due to the politics of promises, and that all political parties need to formulate comprehensive plans for the country’s development when gearing up for an election.

Presidential and general elections are due to be held this year. Provincial Council elections have been long overdue.

Wickremesinghe thanked the Customs Department for their contributions to revenue in 2023, and said it needed to enhance efficiency to boost the country’s revenue further.

“The Customs Department holds a significant historical position, being considered one of the oldest government departments in Sri Lanka. Historical records indicate that customs taxes were collected around 2000 years ago at the ancient port of Manthai. From the Anuradhapura era, through the Kotte era and into the Kandy era, customs revenue has played a pivotal role in the nation’s existence.”



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Ex-Justice Minister’s son among three arrested for allegedly demanding bribe from wife of underworld figure

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The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) yesterday said that the arrest of three individuals, including the son of former Justice Minister Wijeyadasa Rajapakshe and a Samagi Jana Balawegaya (SJB) organiser, was in connection with a high-profile bribery investigation linked to underworld figure Nadun Chinthaka Wickramaratne alias Harak Kata.

Those arrested were Attorney-at-Law Rakhitha Rajapakshe, son of former Justice Minister Wijeyadasa Rajapakshe, SJB Horana electorate organiser Charith Abeysinghe, and former Civil Aviation Authority Director Aruna Sri Chathuranga.

According to the CIABOC, in 2023, while Harak Kata was being held by the Criminal Investigation Department (CID), a bribe of Rs. 500 million had allegedly been demanded from his wife, Madushika Madhuwanthi, in Dubai to secure Harak Kata’s release from detention or facilitate his transfer to a prison other than the Boossa High Security Prison in Galle, the CIABOC said.

The CIABOC said the alleged bribe had subsequently been reduced to Rs. 200 million, of which Rs. 120 million had allegedly been obtained as an advance payment.The suspects were produced before the Colombo Chief Magistrate’s Court yesterday evening and ordered to be remanded till July 03.

by Norman Palihawadane ✍️

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President promises to repeal PTA within next few months

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President

President Anura Kumara Dissanayake yesterday told Parliament that the Prevention of Terrorism Act (PTA), which had remained in force for 46 years despite being introduced as a temporary measure, would be repealed within the next few months.

The President said Justice Minister Harshana Nanayakkara had completed drafting the legislation that would replace the PTA and that the final discussions on the matter had already been concluded.

“The PTA was introduced in 1979 as a temporary law, but it has continued for the past 46 years. There have been strong public demands for its repeal,” President Dissanayake said.

He said the government was committed to abolishing the controversial legislation while ensuring that the country remained equipped to deal with organised crime and serious security threats.

The President said a new legal framework would be introduced specifically to address organised criminal activities, with clearly defined provisions and safeguards to prevent misuse.

He noted that one of the major criticisms against the PTA was its broad definition of terrorism, which had raised concerns over possible violations of fundamental rights and democratic freedoms.

The proposed legislation, he said, would focus narrowly on organised crime while protecting constitutional rights, including freedom of expression and other civil liberties.

President Dissanayake also said the government had taken steps to amend the Online Safety Act introduced by the previous administration, instead of implementing it in its existing form.Although the legislation had been passed by Parliament, it had not been enforced under the present administration, he said, adding that Cabinet approval had already been granted to proceed with amendments.

He stressed that legal reforms should be carried out through a transparent process that respected public rights, noting that previous instances where laws passed by Parliament were later amended at the Cabinet level had raised concerns regarding transparency and due process.The President said the government’s approach was to ensure that new laws addressed security challenges while maintaining democratic values and safeguarding individual freedoms.

By Saman Indrajith ✍️

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SJB signals disciplinary action against its Horana organiser after his arrest

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Sajith

Opposition and SJB Leader Sajith Premadasa yesterday told Parliament that his party would initiate disciplinary action against its Horana organiser Charith Abeysinghe, arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) over alleged bribery charges.

Responding to a query raised by the government in Parliament, Premadasa said there would be no room within the SJB for individuals involved in wrongdoing or criminal activities.

“We will definitely conduct a disciplinary inquiry and take the strongest possible action if necessary. There is no place in our party for those who commit wrongdoing or criminal acts. A final decision will be taken after an investigation,” he said.

Abeysinghe, along with Attorney-at-Law Rakhitha Rajapakse and former Airport and Aviation Services (Sri Lanka) Ltd. Director Aruna Sri Chathuranga, was arrested earlier yesterday by the CIABOC over allegations of soliciting a Rs. 120 million bribe from an underworld figure’s wife.

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