News
Sajith accuses govt. of hiding behind IMF and not having a strategy to overcome crisis
By Saman Indrajith
The government did not have a social contract with the people, Opposition leader Sajith Premadasa told Parliament on Monday (21).
The government had to tell people what its strategy for overcoming the crisis was and secure the cooperation of all stakeholders, he said.
“We are facing a serious crisis. We are not the only country to face a crisis. Many governments have successfully faced similar crises and they have done this by coming into a social contract with the people. The Ranil Wickremesinghe government has no contract with the people. The only contract the President has is the one with the 134 MPs that voted him into power,” he said.
Premadasa said that MPs have been debating the 2023 budged for days. However, the rationale behind the budget is not revealed to the MPs, the opposition leader said.
“The government has come to a staff level agreement with the IMF and all its policies are based on that. However, the MPs have not seen it. The Parliament is supposed to determine state finances, but this is not true. Everyone knows this. The government is also using the IMF agreement to fleece the people. If anyone criticizes the economic policy of the government, its leaders say that this is what the IMF wants, and that Sri Lanka will be in deep trouble without IMF funding. I don’t know about the IMF, but rich henchmen of the government are benefitting,” he said.
Premadasa added that the budget 2023 has many inconsistencies. It talks about encouraging exports while burdening exporters with taxes.
“The ministers talk about an environmentally friendly budget and about digitization. This is good but where is the money allocated for this? This is not different to the 2022 budget presented by Basil Rajapaksa. The average Sri Lankan is taxed while people involved in corruption are given tax breaks. The sugar scam had cost the state 45 billion rupees. The state is not taxing cigarettes. Officials don’t want to tax tobacco because they are getting money from big tobacco,” he said.
Basil Rajapaksa reduced the taxes on tobacco, Premadasa said. Under a Samagi Jana Balavegaya (SJB) government those who had stolen state funds will be punished and these individuals will have to pay what they owe the state, he said.
“The government is trying to embezzle EPF money again by introducing an insurance scheme for the private sector. 20 percent of the money allocated for welfare will be used for administration work. We need to change this. How do we identify poor people and ensure that the money doesn’t go to cronies? I heard a professor saying that the best way to identify the poor is to look at people’s electricity consumption. This is a good method. We need to do a survey on poverty. We should have done this after COVID. If we had done research and taken steps, we wouldn’t be seeing this level of poverty,” he said.
News
Chemmani mass graves: Govt to seek international forensic help
ECONOMYNEXT –International assistance for forensic analysis of the remains unearthed at the Chemmani mass grave will be sought when the need arises, Sri Lanka’s Minister of has Justice said after opposition legislators urged the government to seek help.
“We have spoken to embassies, we have made all the local finances necessary for excavation. But when it comes to DNA analysis, depending on the type and nature we will definitely have to go for internationally recognised places,” Harshana Nanayakkara said in response to a query in Parliament.
Nanayakkara said that request for international expertise is dependant on the direction the courts give on what needs to be done, after which they will decide which agency best suits the proceedings.
The minister also recognised that local expertise is lacking in the forensic department, and the need to train local staff with the help of international experts.
Opposition MPs argued that the present need is direct help in forensics from international entities, rather than the longer term need to train the staff on analysis.
Currently, the investigation is in the excavation and exhumation stage, conducted by archaeologist Raj Somadeva and his team.
The existence of the Chemmani mass grave was first brought to light in 1998, during the trial of the rape and murder of schoolgirl Krishanti Kumaraswamy.
In February 2025, construction workers found remains near the Sinthupathy Cemetery, and following investigations ordered by the Learned Magistrate, the mass grave was discovered.
412 bodies have been discovered, with 409 bodies recovered as of 23 June 2026. According to the Office on Missing Persons, this is the 17th recorded mass grave in Sri Lanka.
News
ADB approves $57.4 million package to boost Lanka’s rooftop solar drive
The Asian Development Bank (ADB) has approved a $57.4 million financing package to help Sri Lanka expand access to affordable clean energy and reduce greenhouse gas emissions through a large-scale rooftop solar aggregation and virtual net metering programme.
The financing comprises a $35 million concessional loan, $16.9 million in grants from the European Union and $5.5 million from the Japan Fund for the Joint Crediting Mechanism. With additional contributions from implementing agencies, the total estimated cost of the project is $80.5 million.
Under the Rooftop Solar Aggregation and Virtual Net Metering Project, two state-owned utilities — Electricity Distribution Lanka (Private) Limited and Lanka Electricity Company (Private) Limited — will introduce a scalable model to collect electricity generated from large rooftop solar installations and allocate the benefits virtually among eligible consumers.
The initiative will allow consumers to access solar power benefits without having to install individual rooftop solar systems.
ADB Country Director for Sri Lanka Shannon Cowlin said the project would broaden access to affordable renewable energy while strengthening the resilience and inclusiveness of the country’s power sector.
She said the initiative would also support grid modernisation and digital transformation, while creating employment opportunities and encouraging greater participation of women and youth in the clean energy sector.
The project is expected to benefit micro, small and medium enterprises and community organisations that face financial or space constraints in installing their own rooftop solar systems. Through a social compensation mechanism, eligible groups will receive reductions in electricity costs under the virtual net metering system.
The programme will support around 25 megawatt-peak of rooftop solar capacity while strengthening distribution networks, improving digital capabilities and preparing the national grid to accommodate higher levels of distributed renewable energy.
A dedicated training facility will also be established under the project to develop green skills, enhance women’s participation in the sector and build technical expertise in advanced low-carbon technologies.
News
Bond scam case against Mahendran, Ravi K fixed for July 22
The Colombo High Court on Friday ordered that proceedings in the case filed against 11 defendants, including former Central Bank Governor Arjuna Mahendran and former Finance Minister Ravi Karunanayake, over alleged irregularities in the Central Bank bond auction be taken up again on July 22.
The case was called before Colombo High Court Judge Manjula Thilakaratne, who informed court that the Trial-at-Bar bench appointed to hear the matter had not been properly constituted.
Accordingly, the judge directed that the case be recalled on July 22 for further proceedings.
The Attorney General has filed indictments under the Public Property Act against 11 accused, including Mahendran, Karunanayake, Perpetual Treasuries Limited and its directors Arjun Aloysius and Geoffrey Aloysius.
The accused have been charged over alleged irregularities connected to a Treasury bond auction conducted by the Central Bank in March 2016.
-
Features6 days agoSri Lanka developing independent hydrographic capabilities
-
Opinion5 days agoRanasinghe Premadasa: The man who would not take ‘No’ for an answer
-
News23 hours agoAnother 1,132 Sri Lankan Personnel to be deployed for United Nations Peacekeeping Missions
-
Latest News7 days agoSooryavanshi thumps fastest List A fifty as India A win tri-series
-
Opinion4 days agoSri Lanka’s national security: Justice, reconciliation, and forward-looking vigilance
-
News5 days agoUS Assistant Secretary of State for South and Central Asian Affairs meets President
-
Opinion3 days agoA triumph for Pakistan’s skilled diplomacy at Iran-US talks
-
Business6 days agoUniversity of West London opens Sri Lanka’s first full UK university branch campus
