News
Ranil’s henchmen now have audacity to speak about debt sustainability – Deputy Minister of Industries
… after their administration bankrupted country through costly borrowings
It was absurd to hear Opposition MPs, who were part of the Ranil Wickremesinghe administration from 2016 to 2019, speak about debt sustainability, Deputy Minister of Industries and Entrepreneurship Development, Chathuranga Abeysinghe, told Parliament on Thursday (05).
He pointed out that the Wickremesinghe administration had issued International Sovereign Bonds (ISBs) at an exorbitant seven per-cent interest rate, and argued that the over-reliance on ISBs was one of the factors that had led to the country’s current economic crisis.
“It is laughable to hear members of the Wickremesinghe administration talk about debt sustainability,” Abeysinghe said. “They talk about debt sustainability analyses, but I wonder if they conducted any when they overexposed the country to ISBs. Did it not occur to them that issuing such high-interest ISBs was reckless? It was evident that the country would struggle to repay these debts given the rate of economic growth at the time.”
Abeysinghe emphasised the need for Sri Lanka to look towards comparable nations, such as Vietnam, which had achieved rapid development in recent decades. He noted that Sri Lanka must significantly increase its foreign reserves to prepare for loan repayments starting in 2028.
“All countries that developed rapidly had industrial policies. We lack one. A review of history shows that no country has developed solely through private sector initiatives. Development occurred when the state intervened to assist the private sector in accessing international markets. Furthermore, economic democracy cannot be achieved without a significant reduction in corruption,” he said.
The Deputy Minister also rejected claims that the National People’s Power (NPP) government is following the policies of former President Ranil Wickremesinghe. He criticised previous administrations for establishing industrial zones in an arbitrary manner, driven by the whims of influential politicians.
“We do not have a national industrial policy. We could learn much from South Korea’s development model, particularly how the state acts as a facilitator for private entities. The South Korean government reviewed productivity every six months and ensured state involvement in key areas, such as energy, banking, transport, and communication to reduce input costs. Rapidly developing countries also implement tax policies that support industries, unlike ours, which seem designed to cripple them,” he said.
Abeysinghe also highlighted the role of development banks in fostering growth in countries like Brazil and India. “Ranil and his administration destroyed our development banks. We stand with the industrial sector and represent a clear departure from everything Ranil, who dismantled local industries, stood for,” he said.
News
Kandy courts elevators out of order for ten months
By S.K. Samaranayake
President of the Kandy Bar Association, Attorney-at-Law Sunil Weerakoon, said the elevators at the Kandy Courts Complex had been out of order for more than 10 months, forcing elderly members of the public and lawyers to climb approximately 500 steps to access the upper floors.
He said authorities had failed to provide a solution despite repeated appeals.
Weerakoon also said that following the recent Ditwah disaster, which submerged the Kandy Courts Complex and damaged numerous case files, around 15,000 case files were still being kept in a container. One court at the complex also remains closed, he said.
He said the Bar Association and lawyers attached to the affected court had brought the situation, including the malfunctioning elevators, to the attention of Justice Minister Attorney-at-Law Harshana Nanayakkara and senior officials of the Ministry of Justice. However, the elevator system has yet to be restored.
Around 2,000 members of the public visit the Kandy Courts Complex daily in connection with their legal proceedings. Weerakoon urged the authorities to restore the elevators without further delay, stressing the difficulties faced by the public, particularly elderly people, in reaching the upper floors.
Latest News
Sun directly overhead Neriyakulam, Punewa, Kebithigollewa, Pankulam and Sinhapura at about 12.10 noon today (31)
The sun is going to be directly over the latitudes of Sri Lanka from 28th of August to 07th of September due to its apparent southward relative motion.
The nearest places of Sri Lanka over which the sun is overhead today (31) are Neriyakulam, Punewa, Kebithigollewa, Pankulam and Sinhapura about 12.10 noon.
News
BASL takes exception to Justice Ganepola being denied a place in SC
… highlights injustice caused to Justice R. Gurusinghe
The Bar Association of Sri Lanka (BASL) has alleged that due to the failure on the part of President Anura Kumara Dissanayake to fill the existing vacancies in the Supreme Court, a Senior Justice of the Court of Appeal, Justice Dhammika Ganepola, retired at the age of 63 without being considered for, or granted, a promotion to the Supreme Court, to which he was well entitled. The BASL pointed out at the time of Ganepola’s retirement there were four vacancies in the Supreme Court.
In a letter dated 17 August, 2026, addressed to President Dissanayake, the BASL declared that the failure to promote and recognise Ganepola’s distinguished judicial service, resulting in his retirement at the age of 63, is indeed a loss to the Judiciary.
A top BASL spokesman told The Island yesterday (30) that the Bar Council, over the weekend, had decided to release the hitherto confidential letter.
The official said that they also wanted to remind the President of his assurance given to BASL, on 12 August, 2026, that vacancies in the Supreme Court and Court of Appeal would be filled as soon as possible, within a month.
The following is the text of the BASL letter, signed by Rajeev Amarasuriya, President, BASL, and its Secretary Nalin De Silva: “We write further to our letters dated 29th December 2025 and 30th June 2026 in relation to the above, to which we have not received any response.
We also refer to our meeting with Your Excellency on 12th August. As discussed during the meeting, there have been vacancies in the Supreme Court since May 2025, and the number of vacancies has now increased to four (04). There are also four (04) vacancies in the Court of Appeal. These are all matters we have already written to Your Excellency about.
Your Excellency informed the BASL Delegation when we met that you would be taking steps to make recommendations to fill these vacancies as soon as possible, within a month.
We write to reiterate the importance of giving due consideration to the criteria set out in our aforesaid letter dated 29th December 2025. We also wish to emphasise that, in making judicial appointments and promotions, seniority should be given due priority, in keeping with longstanding practice, until such time there are objective and defensible guidelines governing the assessment of merit.
The only justifiable departure to this criterion would be where there exists a specific and recognized demerit in respect of the particular Judge concerned or such other known compelling circumstances that are objectively identifiable such as where a Judge has previously been overlooked for promotion unfairly or conversely, where a Judge has been unfairly previously granted promotions above others.
This approach will safeguard both the integrity of the Judiciary and the trust reposed in it by the public.
Further, while there has been considerable discussion and representation by the Government regarding the importance of retaining experienced judges, as reminded to Your Excellency at our said meeting that, only a few months ago on 8th May 2026, a Senior Justice of the Court of Appeal, Justice Dhammika Ganepola, retired at the age of 63 without being considered for, or granted, a promotion to the Supreme Court, to which he was well entitled, and in which there were four vacancies at the time.
The failure to promote and recognise his distinguished judicial service, resulting in his retirement at the age of 63, is indeed a loss to the Judiciary.
We also drew Your Excellency’s attention at the said meeting to the fact that the Senior-most Justice of the Court of Appeal, Justice R. Gurusinghe, who joined the Judicial Service in 1996, who also Acted in the Office of President of the Court of Appeal (appointed by Your Excellency) on 11th May 2026, is due to retire at the end of this month. In fact, we learnt through the Media that Her Ladyship then Chief Justice Justice Murdu Fernando, PC, had previously in July 2025 recommended to Your Excellency the promotion of Justice R. Gurusinghe to the Supreme Court, but the same is pending from that time.
He too is well deserving of promotion to the Supreme Court and has already been recommended by the former Chief Justice, and his case must also receive due and urgent consideration before his impending retirement.
We hope that Your Excellency will take due note of and give due regard to the concerns of the Bar, as well as to the established principles, practices and conventions governing judicial appointments, when taking steps to fill these vacancies.
On this, Your Excellency is already open to the accusation that these vacancies have been kept open, to fill with favourites of the Government which is yet another serious indictment on the independence of the judiciary which accusation would be confirmed if recommendations are made outside established practice.
Moreover, the BASL expresses grave concern that withholding promotions of Judicial Officers for extended periods of time places undue pressure on Judicial Officers in the discharge of their duties and constitutes both directly and indirectly, interference with the independence of the Judiciary, in addition to the strain obviously caused to the dispensation of justice in other Courts and the stifling and delay of career progression of Judges legitimately entitled to promotions.
We do hope that Your Excellency would take due note and cognizance of the foregoing when effecting these judicial promotions which have been long overdue and which have already adversely impacted the efficiency and effectiveness of the administration of justice.”
The BASL has copied the letter to Prime Minister Dr. Harini Amarasuriya, Speaker Dr. Jagath Wickremaratne, Opposition Leader Sajith Premadasa and all members of the Constitutional Council.
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