News
SJB calls on government to resign, says it has lost all confidence local & foreign
Main opposition SJB has called on the Government to resign and make way for change as the country’s internal and external stakeholders have all lost confidence in the current Government and this will impact on the level of assistance the country receives to overcome the current crisis.
Addressing a press conference held at the Opposition Leader’s office on Thursday, SJB MP Eran Wickremaratne called on the Government to dissolve the Monetary Board and make fresh appointments, as the incumbent board had clearly failed with its strategy.
He said that the economic crisis in the country was turning into a financial crisis. “At all costs, we must avoid that becoming a banking crisis. The confidence in this Government has been lost in local and international markets. We have been talking about solutions for more than a year and it has fallen on deaf ears. Our clear message to them is please go home,” he said.
“We have a plan on how to deal with the IMF, restructure our debt and how to get bridging finance so that the queues will go away, plus, strengthen the banking system, recapitalize banks and major reforms. It will be a difficult period for everyone, we will not lie to the public. There has to be social protection of the poor and the most vulnerable. Everybody accepts that including the IMF report. We will make sure the financial system is protected, but for that we need to see a change in the financial leadership of this country.”
The MP said that there was no room for delays, and questioned why the Government is yet to appoint financial and legal advisors to engage with the IMF and its creditors.
He said that history offers many examples from around the world on how to handle this situation, but the Government is still stuck debating whether to make these appointments.
SJB Kegalle District MP Kabir Hashim said that the Finance Minister does not attend Parliament to respond to queries.
Hashim said: “The Government is going around the world with a begging bowl seeking loans. At last week’s All-Party Conference, the Government spoke of finding solutions, and said it was prepared to engage with the IMF. What is the status of that decision? We need to see immediate action, there is no time for delays. Have we laid the foundation for the IMF program, if not then the country must know. Government must take right decisions for the country and its people even though they are politically unpopular at this juncture.”
SJB MP Dr. Harsha De Silva said that the lack of confidence in the Government, even from within its own camp, will hamper market activity, adding this was now a crisis of confidence more than economics. He noted the Monetary Board needs to be reconstituted pointing to the rapid depreciation of the rupee as ample evidence of its ill-timed decisions and grave consequence.
“Our lenders are ready with lawyers to negotiate, but Sri Lanka is not ready. Where will we get bridging finance from? An IMF program will take some time to implement,. How will we survive until then? Also, what action is being taken on interest rates? They still have not changed. The current rates are too low.
“If inflation is 17.5%, how can we have interest rates at 7%? This is a crime and needs immediate attention and this money printing must stop. Steps must also be taken to immediately reverse the Gazette mandating banks to offer 50% of foreign remittances to the Central Bank. Business and purchases are made via commercial banks, not the Central Bank, why was this bad policy decision taken,” he demanded to know.
News
Iranian ships stranded, Lanka fears US sanctions
‘Companies may face US sanctions’: Lanka to put ‘national interest’ first as 19 Iranian vessels seek help
(ToI) Sri Lanka said on Friday it would “prioritise our national interests” before providing assistance to the crews of 19 Iranian ships anchored in international waters near the island nation.The crews are facing shortages of food, water and fuel. A foreign ministry spokesperson cited the risk of US sanctions against Sri Lankan companies supplying the vessels as a key concern.
The United States and Iran have been at war since February 28, when the US and Israel launched joint strikes against the Islamic Republic.
“Sri Lanka will put its national interest first before considering any help, and the companies that supply ships are aware of possible secondary sanctions from the United States,” spokesperson Thushara Rodrigo told reporters, ruling out any immediate assistance to the vessels.
Rodrigo clarified, however, that Sri Lanka had received no communication from the United States warning of repercussions if it decided to assist the vessels.According to Rodrigo, the ships are stationed 24 nautical miles off Sri Lanka’s coast.The Iranian Embassy said it had no information on the matter.
In March, a US torpedo attack sank the Iranian naval vessel IRIS Dena in Sri Lankan waters, killing 87 sailors.
The ship was returning to Iran after participating in a naval exercise at India’s invitation. A second Iranian vessel was brought to a Sri Lankan port after its crew reported technical problems.
Wounded sailors were treated at Sri Lankan hospitals, while those rescued from the second vessel were safely repatriated to Iran.
Sri Lanka is still recovering from an economic crisis, with both the United States and Iran serving as important trading partners. Washington played a key role in securing an International Monetary Fund bailout and supporting Sri Lanka’s agricultural sector to help avert a food crisis.
News
Sri Lanka CERT warns of overseas university admission scams
Sri Lanka CERT has warned the public of fraudulent social media advertisements offering admission to foreign universities after receiving complaints from parents and students who have lost hundreds of thousands of rupees to scammers.
The fraudsters reportedly pose as representatives of reputed foreign universities, promising admission, student visas, work permits and even eventual citizenship in return for registration fees and initial tuition payments.
They use convincing videos, photographs and documents circulated via email and WhatsApp to gain the confidence of unsuspecting victims before asking them to transfer money to foreign bank accounts. The scammers then disappear after receiving the payments, Sri Lanka CERT said.
The agency has urged prospective students and their parents to verify the authenticity of university representatives, documents and bank account details before making payments, and to seek overseas education opportunities only through legitimate and recognised channels.
News
Navi Pillay’s Lankan affairs in focus as she wins 2026 Nobel Peace Prize
Former UN High Commissioner for Human Rights and International Court of Justice judge Navanethem “Navi” Pillay has won the 2026 Nobel Peace Prize for her contribution to international law and efforts to promote peace, the Norwegian Nobel Committee announced in Oslo on Friday.
Announcing the award, committee chairman Jørgen Watne Frydnes said Pillay had “significantly enlarged the scope and impact of international law” and helped advance “a more comprehensive global legal order” with exceptional courage. He also praised her long career, which began as a lawyer confronting deep-rooted discrimination in South Africa, and described her as a person with a “firm moral compass”.
Pillay, 85, served as the UN High Commissioner for Human Rights from 2008 to 2014. Her tenure brought her into sharp focus in Sri Lanka, particularly over her assessment of the country’s human rights situation in the aftermath of the decades-long civil war.
During an official fact-finding visit to Sri Lanka from August 25 to 31, 2013, Pillay travelled to areas including Jaffna, Kilinochchi and Trincomalee, where she met civil war survivors, families of the disappeared and local communities.
Following the visit, she warned that Sri Lanka was moving towards authoritarianism and highlighted what she described as a persistent climate of fear.
She also reported intimidation and harassment of people who had sought to meet her during the mission.
Pillay urged the UN Human Rights Council to establish an international inquiry mechanism to investigate alleged war crimes and crimes against humanity committed by both government forces and the LTTE during the final stages of the 26-year civil war.
Her observations and recommendations became a significant part of international scrutiny of Sri Lanka’s post-war human rights record.
The Norwegian Nobel Committee received 287 nominations for this year’s Peace Prize, slightly more than a quarter of them being organisations. The committee traditionally considers efforts to promote peace, international fraternity and institutions that contribute to lasting stability.
Last year, Venezuelan opposition leader Maria Corina Machado won the prize for her campaign for a democratic transition in Venezuela. She was praised as a woman who kept the flame of democracy burning amid growing darkness.
The 2026 award marks the 125th anniversary of the Nobel Peace Prize, first presented in 1901. Over its history, the prize has recognised prominent figures and organisations involved in advancing peace, human rights and international cooperation.
-
News7 days agoGeneva takes up Sallay’s case and govt. ignores opportunity to answer accusations
-
Features6 days agoPreventing grievances from becoming communal
-
Features4 days agoThe Sri Lankan who made Scottish history
-
Sports4 days agoNissanka absence opens door for Sri Lanka’s young guns
-
News5 days agoGnansara Thera to be assigned to prison printing section: Officials
-
News3 days agoNDB fraud Rs 60mn more than reported
-
Features7 days agoSri Lanka Cricket Bill: Governance reform is not yet a cricket strategy
-
Features4 days agoFuture of Sri Lanka’s state university system: Should it be shut down and reopened?
