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Response to economic revival plan pathetic: Harsha disappointed

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By Shamindra Ferdinando

SJB MP Dr. Harsha de Silva yesterday said  that he was quite disappointed that his economic revival plan, or common minimum programme, presented in parliament on 12 August hadn’t received the anticipated response from political parties, represented in Parliament.

The Colombo District lawmaker said so when The Island asked him whether political parties and President Ranil Wickremesinghe reacted to his plan. The lawmaker said that he was not angry but appalled at the way the political parties responded to the deepening economic crisis.

Responding to another query, MP de Silva said that he had the backing of his party though there were some differences of opinion on some matters.   Lawmaker de Silva said that he was ready to discuss the overall plan with those represented in parliament and other stakeholders. The MP emphasized that so far, the government had not presented a roadmap for economic revival.

Addressing the parliament, MP de Silva urged leaders of all political parties represented there to support his proposals. The former UNP State Minister declared that his plan could secure the confidence and support of the public and external entities as well.

The set of proposals has been ratified by the Economic Policy Unit comprising lawmakers Dr. Harsha de Silva, Eran Wickramaratne and Kabir Hashim. It has been endorsed by SJB leader Sajith Premadasa.

The blueprint dealt with (1) debt crisis management (2) monetary and exchange rate policy (3) revenue consolidation (4) expenditure control (5) public sector management (6) energy and utilities reform (7) trade, agriculture, industry and service promotion (8) factor market reform (9) stronger social safety nets and (10) transparency and accountability.

The MP pointed out that though Sri Lanka received USD 4 bn Indian assistance via credit lines, currency swaps etc., this year, ongoing talks with Japan, China, Middle East countries and Russia hadn’t produced the desired results. Declaring that the country was in dire straits, MP de Silva questioned the inordinate delay on the part of the government seeking a consensus on an economic recovery plan.

Referring to emergency assistance provided by the US, Australia and EU, Dr. de Silva said that the much-needed Rapid Financing Instrument (RFI) couldn’t be secured until the government achieved significant progress in what he called debt restructuring talks. Asserting that Sri Lanka couldn’t do without short-term bridging financing from friendly countries such as credit lines for imports, foreign currency swaps or barter trade, Dr.de Silva said that privatization, too, was an option. However, the MP warned against privatization sans proper procedures. The consequences would be catastrophic, the lawmaker added.

Recently, dissident SLPP MP Dr. Nalaka Godahewa accused the government of planning to privatize Sri Lanka Insurance Corporation (SLIC) and Sri Lanka Telecom (SLT). One-time private sector executive alleged the government exploited the current financial turmoil to sell off profit making enterprises. Dr.  Godahewa told The Island that there was broad consensus on the need to restructure loss-making state enterprises but the government seemed to be bent on selling off valuable assets.

Pointing out that Sri Lanka was the only country in Asia to default on foreign debt in half a century, MP de Silva emphasized that unbridled corruption contributed to the deterioration of the national economy over the past several decades to such an extent finally the Governor of the Central Bank Dr. Nandalal Weerasinghe acknowledged Sri Lanka’s inability to service its foreign debt.

The former UNPer called for the enactment of strong anti-corruption legislation and the implementation of the United Nations Convention against Corruption.

Dr. de Silva recently received appointment as Chairman of the Committee on Public Finance (COPF), one of the three parliamentary watchdog committees meant to ensure financial integrity in the public sector. The top SJB official succeeded Kurunegala district SLPP MP Anura Priyadarshana Yapa.



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Navy seizes an Indian fishing boat poaching in northern waters

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During an operation conducted in the dark hours of 27 Dec 25, the Sri Lanka Navy seized an Indian fishing boat and apprehended 03 Indian fishermen while they were poaching in Sri Lankan waters, south of the Delft Island in Jaffna.

The seized boat  and Indian fishermen (03) were brought to the Kreinagar Jetty and were handed over to the Fisheries Inspector of Jaffna for onward legal proceedings.

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Delay in govt. response to UK sanctions on ex-military chiefs, and others causes concern

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General Silva / Admiral Karannagoda

Admiral of the Fleet Wasantha Karannagoda said that he is still waiting for the government’s response to the UK sanctions imposed on three ex-military officers, including him, and a former member of the LTTE.

The former Navy Chief said so in response to The Island query whether he was aware of the position taken by a three-member ministerial committee, consisting of Foreign Minister Vijitha Herath, Justice and National Integration Minister Harshana Nanayakkara and Deputy Defence Minister Maj. Gen (retd) Aruna Jayasekera.

The government named the committee in the wake of the UK declaration of travel bans and asset freezes in respect of Karannagoda, General Shavendra Silva, General Jagath Jayasuriya and Vinayagamoorthy Muralitharan, also known as Karuna. Maj. Gen. Jayasekera said that they inquired into the issue at hand.

Karannnagoda said that he would like to know the government’s recommendations if the ministerial committee briefed the Cabinet as per a decision taken by the Cabinet of Ministers. Karannagoda said that the issue should have been taken at the highest level as various interested parties continue to humiliate the war-winning military by targeting selected individuals.

Other sources, familiar with the issues at hand, told The Island that the government was yet to announce its stand.

Sources pointed out that the Opposition has been silent on what they called a matter of utmost national importance.

Cabinet spokesman Dr. Nalinda Jayathissa is on record as having described the UK move as a unilateral move and that committee was formed to examine the developments and recommend appropriate measures to the Cabinet.

Foreign Minister Herath told The Island the government was not successful in getting the British to withdraw sanctions. Describing the UK decision as unilateral, the Miniser said that the government conveyed its concerns but the UK didn’t change its stand.

The Island raised the issue with Minister Herath and Admiral Karannagoda in the wake of British MP of Sri Lankan origin, Uma Kumaran requesting the UK Foreign Secretary Yvette Cooper to expand on the government’s sanctions imposed on the four above-mentioned persons.

During a Foreign Affairs Committee meeting on 16 December, the MP for Stratford and Bow highlighted the lack of accountability and political will from the current Sri Lankan government to address war crimes and mass atrocities committed in Sri Lanka.

Sources said that David Lammy, who served as Secretary of State for Foreign, Commonwealth and Development Affairs at the time of the declaration of sanctions, had no qualms in declaring that the action taken against four Sri Lankans was in line with a commitment he made during the election campaign to ensure those responsible wouldn’t be allowed impunity. The UK government statement quoted Lammy as having said that this decision ensured that those responsible for past human rights violations and abuses were held accountable.

By Shamindra Ferdinando

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Sri Lanka outlines seven key vectors of international cooperation at Moscow forum

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Shobini

Sri Lankan Ambassador to the Russian Federation, Shobini Gunasekera recently presented a conceptual framework of seven key vectors that defined contemporary international relations and facilitated dialogue among States. She made the presentation at XI Moscow International Financial and Economic Forum held under the theme “Building Bridges: Partnership without Borders”.

In her address, the Ambassador emphasised that these vectors represent the channels through which ideas circulate, trade expands, and peace is strengthened, serving as guiding principles for cooperation amid global uncertainties. The seven key vectors highlighted were economic ties as a foundation for long-term stability; political choice and diplomacy through dialogue and multilateral engagement; security cooperation to address cross-border threats; cultural linkages through education, tourism, and professional exchanges; technological advancement, particularly in digital systems and artificial intelligence; environmental stewardship through collective action on renewable energy and climate change; and humanitarian obligations, including disaster relief and development cooperation.

 Drawing on Sri Lanka’s experience, the Ambassador illustrated the practical application of these principles by highlighting the country’s strategic location in the Indian Ocean, its role as a trade and logistics hub, and its active engagement in regional groupings such as BIMSTEC and the Indian Ocean Rim Association, where the Russian Federation serves as a Dialogue Partner.

 The potential for enhanced Sri Lanka–Russia bilateral cooperation was underscored, particularly through complementarities between Russia’s technological and energy expertise and Sri Lanka’s logistical capabilities and maritime infrastructure. She noted that such synergies could support joint initiatives in trade, innovation, tourism, and logistics, while cultural and scientific exchanges would further strengthen mutual understanding between the two countries.

Concluding her remarks, the Ambassador stated that sustained progress requires dialogue, mutual respect, and forward-looking partnerships capable of shaping a shared and stable future.

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