Connect with us

News

U.S. Deputy Secretary of State Verma emphasizes vital role of protecting sea lanes for economic growth in Indo-Pacific 

Published

on

Deputy Secretary Richard Verma and Ambassador Julie Chung call on President Ranil Wickremesinghe at the Presidential Secretariat

The United States remains committed to the economic growth and prosperity of Sri Lanka, Deputy Secretary of State for Management and Resources Richard Verma told government, civil society and economic leaders during his February 23-24 visit to Sri Lanka. Verma on Friday met with President Ranil Wickremesinghe and Foreign Minister Ali Sabry to discuss progress on Sri Lanka’s IMF program, including inclusive economic and governance reforms aimed at keeping Sri Lanka on the path to sustainable economic growth.

Deputy Secretary Verma stressed the vital need to protect human rights and fundamental freedoms, including freedom of expression. They also explored opportunities to deepen defense and maritime cooperation between the United States and Sri Lanka, including strengthening the Sri Lanka Navy’s capabilities to safeguard national security and promote a more stable Indo-Pacific region.

On February 23, aboard the SLNS Vijayabahu, one of three former U.S. Coast Guard cutters transferred by the United States to Sri Lanka, Deputy Secretary Verma said, “I am pleased to announce that the Department of State has notified Congress of our intent to transfer a fourth medium endurance cutter to Sri Lanka.  The Department obligated $9 million in Foreign Military Financing to support this effort.  We look forward to offering the cutter, pending the completion of Congress’ notification period.

If completed, this transfer would further strengthen defense cooperation between the United States and Sri Lanka.  The ship would increase Sri Lanka’s ability to patrol its Exclusive Economic Zone, monitor its search and rescue area, and provide additional security for ships from all nations that transit the busy sea lanes of the Indian Ocean.”

 Participating in the announcement at Colombo Port were Sri Lanka State Minister of Defense Premitha Bandara Tennakoon, Commander of the Sri Lanka Navy Vice Admiral Priyantha Perera, and U.S. Ambassador to Sri Lanka Julie Chung, who remarked, “The United States has previously transferred three cutters to the Sri Lankan Navy, which deploys these ships for maritime operations and law enforcement missions, countering human trafficking and drug trafficking, while supporting humanitarian assistance and disaster response efforts. The eventual transfer of a fourth vessel would be just one more point in a long history of cooperation between Sri Lanka and the United States in preserving a free and open Indo-Pacific region.”

 Deputy Secretary Verma also visited the site of the West Container Terminal (WCT), a deepwater shipping container terminal in the Port of Colombo. The WCT, currently being constructed by Colombo West International Terminal (CWIT) Private Limited with $553 million in financing from the U.S. International Development Finance Corporation, will provide critical infrastructure for the South Asian region.

Operating near capacity since 2021, the Port of Colombo’s new addition will be the port’s deepest terminal and aims to boost Colombo’s shipping capacity, expanding its role as a premiere logistics hub connecting major routes and markets, boosting prosperity for Sri Lanka without adding to its sovereign debt.



News

Sangha reform drives stymied from within: CBK

Published

on

Chandrika

Former President Chandrika Bandaranaike Kumaratunga has called for a comprehensive reform programme within Sri Lanka’s Buddhist clergy, warning that repeated efforts to strengthen the Sasana have in the past been derailed by opposition from within sections of the Sangha itself.

In a statement addressed to the Mahanayake Theras of the three Buddhist chapters, Kumaratunga stressed that the long-term preservation of Buddhism depends on safeguarding both the Dhamma and Vinaya, or disciplinary code, and urged urgent internal reform to address what she described as deep-rooted structural weaknesses.

She noted that Buddhist history has consistently demonstrated that periods of institutional crisis were addressed through reform processes, citing precedents from the First Buddhist Council to reforms during the Kandyan era under Welivita Sri Saranankara Thera.

Referring to post-independence efforts, Kumaratunga said initiatives taken during the 1956 Bandaranaike administration to strengthen Buddhism were left incomplete following the assassination of former Prime Minister S.W.R.D. Bandaranaike.

She further stated that during her own presidency, plans to convene a Buddhist Council under the guidance of the late Madihe Pannasiha Mahanayake Thera had received government backing but were ultimately abandoned due to resistance from certain sections within the clergy.

The former President alleged that, on both occasions, vested interests benefiting from existing weaknesses within the Buddhist establishment had worked to obstruct meaningful reform efforts.

Warning that Buddhism in Sri Lanka is currently facing serious challenges, she called for a broad internal dialogue within the Sangha to identify root causes and implement both short- and long-term corrective measures.

Kumaratunga urged the Mahanayake Theras to take the lead in convening a Dharma Sanghayana, or Buddhist Council, and said she was prepared to work with senior lay Buddhist leaders to support such an initiative.

Continue Reading

News

Court orders arrest of Basil

Published

on

The Colombo Fort Magistrate’s Court on Friday ordered the arrest of former Minister Basil Rajapaksa, Tourism Promotion Bureau Chairman Bhashwara Gunaratne, Managing Director Rumi Jauffer and several others over the alleged misuse of Rs. 7.8 million belonging to the Tourism Promotion Authority during the 2014 Uva Provincial Council election campaign.

Magistrate Pasan Amarasena directed the Criminal Investigation Department (CID) to arrest and produce the suspects before court, after it was informed that they would be named under the Public Property Act on the advice of the Attorney General.

The CID told court that attempts to take the suspects into custody from their residences had been unsuccessful as they were not present.

The Magistrate also imposed an overseas travel ban on the suspects and ordered that the Controller of Immigration and Emigration be notified.

Investigations have reportedly revealed that the funds were used to print 12,000 T-shirts bearing an image of former President Mahinda Rajapaksa on one side and the name of a political party on the other.

According to the CID, the T-shirts were later distributed at a political event held in the Monaragala District.

Continue Reading

News

Dayasiri raises alarm over ‘coal cartel’, flags national security risks

Published

on

Dayasiri

Kurunegala District SJB MP Dayasiri Jayasekera last week lodged a detailed submission before the Special Presidential Commission probing coal imports, alleging that Sri Lanka’s power sector is being exposed to serious national security risks due to irregularities, collusion and sanctions-related vulnerabilities in the coal procurement process for the Norochcholai Lakvijaya Power Plant.

In a dossier submitted last week, the MP called for a comprehensive investigation into the ongoing 2026/2027 tender for 2.28 million metric tonnes of coal, warning that the awarding of contracts to certain bidders could jeopardise the stability of the country’s electricity supply and trigger risks reminiscent of the 2022 power crisis.

The Lakvijaya Power Plant, Sri Lanka’s largest coal-fired power station, contributes nearly 40 percent of the national electricity generation.

Jayasekera alleged that the procurement process has been compromised by what he described as a “network of disreputable international commodity traders” and urged the Commission to examine patterns of alleged corruption, collusion and sanctions circumvention linked to coal supply chains.

Among the companies flagged in his submission was Potencia LLC-FZ, which he claimed is involved in ongoing legal proceedings against the Lanka Coal Company (LCC) while simultaneously participating in the current tender process. The MP questioned the propriety of such participation and further warned that the company’s alleged links to Russian supply networks could expose Sri Lanka to secondary sanctions risks, potentially affecting letters of credit, shipping arrangements and marine insurance coverage.

Jayasekera also called for the immediate exclusion of Taranjot Resources from the tender, citing its reported suspension by India’s state-owned NTPC Limited since March 2024. He further alleged that the company has a track record of supplying coal with sub-standard calorific value in previous shipments, which he said had contributed to operational disruptions in power generation.

Raising further concerns over possible bid rigging, the MP pointed to what he described as corporate interlinkages between Mohit Minerals and Taranjot Resources through a common associated entity, Trona Minerals. According to his submission, shared directorships and corporate overlaps suggested coordinated participation in the tender process, which he claimed could amount to a breach of national procurement guidelines.

The dossier also referred to several other international suppliers, raising concerns over their past records. These included allegations relating to shipping practices, arbitration disputes, quality certification issues and exposure to sanctioned supply chains. The MP cited instances involving alleged “dark shipping” practices, quality disputes in past deliveries, and contractual disputes that had led to arbitration proceedings in international forums.

Jayasekera also urged the Commission to revisit the Trident Chemphar coal procurement controversy of 2025/2026, alleging that a contract had been signed prior to obtaining Attorney General clearance. He claimed the episode had resulted in significant shortfalls in power generation, estimating a loss of around 250 gigawatt-hours.

Describing the matter as one of “national security rather than a commercial dispute”, the MP warned that any compromise in coal procurement could destabilise the country’s power supply, particularly at a time when Sri Lanka remains under an IMF-supported economic reform programme.

He urged the Commission to take a firm stance on procurement integrity and ensure that only credible and compliant suppliers are considered in future tenders.

The Commission is expected to examine the submissions as part of its wider inquiry into coal procurement practices dating back to 2009.

Continue Reading

Trending