News
We couldn’t continue because we had no deal with IMF – Harsha
No pressure to settle swap facility from India – CBSL
The Central bank of Sri Lanka (CBSL) yesterday said that it had settled its Swap facility with Reserve Bank of India and there was no special request from India for a premature settlement.
“Such claims are erroneously reported by certain media outlets. There will be more discussions in the future and collaboration will continue,” CBSL said in a press release.
Meanwhile, Samagi Jana Balawegaya (SJB) MP Harsha de Silva said that the country’s foreign reserves were falling dramatically and the rupee was under severe pressure as Colombo was not able to extend the repayment of the facility to November 2022.
Dr. Silva said that usually a country did not end a Swap after the first rollover. However, the continuation of a rollover was only possible if Sri Lanka had reached an agreement with the IMF for assistance on expanding the reserves.
“So, no IMF agreement means there is no renewal. This also means that we can’t access the additional USD 1,000m SWAP either. Our reserves are falling and the rupee is under severe pressure,” Silva said.
Reserve Bank of India (RBI) had signed an agreement for extending a $400-million currency swap facility to Sri Lanka in July 2020 to boost the foreign reserves and ensure financial stability of the country, he said.
The Indian Express
said: “The Indian High Commission in Colombo said the currency swap arrangement will remain available till November 2022. Sri Lanka in April said it was set to enter into an agreement with the RBI for a currency swap worth $400 million under the South Asian Association for Regional Cooperation (SAARC) framework. Sri Lankan President Gotabaya Rajapaksa had made an additional request to India for a special $1.1 billion currency swap facility in May.
“Reserve Bank of India signs document for $400 million currency swap facility to Sri Lanka till Nov 2022,” the Indian Mission tweeted. “After debt repayment rescheduling discussions yesterday, this development is another example of India’s strong commitment to work with #lka in post #COVID19SL economic recovery,” it said.”
News
Sajith rejects Jt. Opp. protest sabotage claim; SJB TU chief demands remedial action
By Shamindra Ferdinando
Alleging that the Samagi Jana Balawegaya (SJB) had betrayed the joint protest campaign, planned on 24 Sept., at Polduwa junction, against the enactment of the 22nd Amendment without securing public approval at a referendum, SJB trade union leader Ananda Palitha emphasised that SJB and Opposition Leader Sajith Premadasa should take remedial measures to restore the alliance against the NPP government.
Responding to The Island queries, the trade union activist said that he spoke on behalf of the vast majority of the SJBers who felt betrayed by the sudden declaration made by Colombo District SJB lawmaker S.M. Marikkar that they didn’t expect Opposition political parties’ participation, except that of the UNP.
Pointing out that at the behest of Premadasa, MP Marikkar belittled those who had pledged on 17 Sept. to join the SJB-led protest, Palitha emphasised the Opposition leader should be held responsible for restoring the shattered alliance. Palitha warned that the NPP, which was rapidly moving on a dictatorial path, would be the beneficiary of such treacherous actions.
When The Island raised the allegations pertaining to the 24 Sept. protest, Colombo District MP Premadasa said there was no basis for such claims. MP Premadasa called the accusations directed at him ‘rubbish.’
Palitha said that the pathetic failure on the part of the Opposition to genuinely challenge the authoritarian NPP should be examined, taking into consideration the government following an agenda almost 100 percent against the election pledges. Except the much touted anti-corruption campaign, the NPP reneged on all its election promises.
Recalling massive rice imports after having promised to stop the same in the run up to the national elections in 2024, Palitha alleged that the utterly corrupt NPP created an artificial shortage to enable import of large stocks of salt for their benefit. Massive earnings were made through commissions, Palitha said, urging the SJB to reiterate its commitment to the 17 Sept. pledge. According to him, the SJB’s irresponsible action sabotaged the joint Opposition agreement reached on the eve of President Anura Kumara Dissanayake completing two years in Office.
Palitha said that the disruption of a genuinely joint protest, at the last moment, caused irreparable harm to the Opposition. The unexpected eleventh hour declaration made by the SJB upset their efforts to organise a large scale two-day protest on 24 and 25 Sept. Palitha emphasised the responsibility on the part of the SJB leadership and its top management to spearhead an all-out campaign against the government. The former petroleum sector employee said that a strong and transparent campaign could undermine the NPP within as a section of its parliamentary group was deeply dismayed by the current policies and strategies.
Palitha, in his capacity as the trade union leader, invited the Bar Association of Sri Lanka (BASL) to join the trade unions’ protest on 25 Sept. to intensify pressure on the government. BASL President Rajeev Amarasuriya told The Island that they didn’t accept that invitation.
Former SLPP Kalutara District MP Sanjeewa Edirimanna said that the SJB was far more keen to organise a large-scale protest to counter the SLPP’s highly successful Anuradhapura rally held on 12 September than a genuine joint protest against the 22nd Amendment or the government. Edirimanna said that they realised that the SJB would probably join a joint protest campaign only after organising a gathering to counter the SLPP. According to him, the SJB hadn’t been honestly interested in a joint protest campaign. Instead, it sought to resist possible challenges from rival political parties, he said.
An aide to UNP leader and former President Ranil Wickremesinghe said that though the SJB announced they were welcome to join the 24 Sept. protest, the party never received an invitation. The official said that some UNPers joined the protest on their own though the party neither directed supporters to join or boycott the event. As the Janathawadi Joint Opposition decided against participating for want of formal invitations, the UNP, as part of that group, decided not to join the 24 Sept. protest.
News
Police remove Thileepan statue in Jaffna
By Norman Palihawadane
Police have removed a memorial statue of former LTTE member Rasaiah Parthipan, alias Thileepan, from the Thileepan Memorial Square in Nallur, Jaffna, following the conclusion of commemorative events, marking the 39th anniversary of his death.
The statue was removed in the early hours of yesterday (27), a day after the final day of the commemoration was held at the site.
CCTV footage from the memorial reportedly shows police officers removing the statue and taking it away in a vehicle.
Tamil National People’s Front (TNPF) Secretary and MP Selvarasa Gajendran alleged that more than 15 police officers arrived at the site, without prior notice, entered the premises wearing footwear, and forcibly removed the statue.
The reason for the removal and the legal basis for the police action had not been officially announced as of yesterday.
Thileepan, a former political wing leader of the LTTE, died in September 1987, after undertaking a hunger strike in Nallur, while making several demands of the Indian Government.
The memorial events, marking the 39th anniversary of his death, were held at the site on Saturday (26). A statue had been erected at the location in connection with the commemoration.
News
NPP, Lal agree to disagree
By Shamindra Ferdinand
NPP Executive Committee member Lal Wijenayake said that he would continue with the ruling party though he disagreed with the 22nd Amendment, sans a referendum. That position wouldn’t be changed, lawyer Wijenayake said, adding that he would continue to support whatever action taken by the Bar Association of Sri Lanka (BASL) to highlight the damaging consequences of the new amendment.
Wijenayake said so in response to The Island query whether he could continue with the NPP after having opposed the 22nd Amendment. When pressed for clarification, Wijenayake revealed that he received an opportunity to discuss the issue at hand with NPP and JVP leader Anura Kumara Dissanayake.
Declaring that he couldn’t reveal what transpired in his meeting with President Dissanayake, Wijenayake said the status quo would remain.
“They wouldn’t seek my removal from the party,” he said, adding he would remain in the Executive Committee, regardless of his unchanged position on the 22nd Amendment. Wijenayake ruled out the possibility of him joining joint Opposition protests against the government.
NPP General Secretary Dr. Nihal Abeyseinghe told The Island that those who urged the ruling party to allow its members to vote, according to their conscience, should know the entire government parliamentary group accepted the need for the 22nd Amendment. Yes, they voted according to their conscience, the Kalutara District lawmaker said, underscoring that regardless of the split in the NPP over the 22nd Amendment, the vote proved otherwise.
Of the 159-member NPP group, 158 voted for the controversial amendment where three Opposition MPs skipped the vote. Ravi Karunanayake and Faizer Musthapha of the New Democratic Front (NDF), led by Ranil Wickremesinghe, were among them. The other absentee Nayana Wasalathilake represents the SJB.
The NDF, which contested under the ‘Gas Cylinder’ symbol secured, five seats at the last parliamentary polls. The remaining three members, Anuradha Jayaratne, Rohitha Abeygunawardena and Chamara Sampath Dassanayake, voted against the 22nd Amendment.
-
News5 days agoMastermind Naufer Moulavi among 15 found guilty
-
News6 days agoProtest against setting up of cement factory in highly populated area near BIA
-
Midweek Review5 days agoThileepan’s fast unto death: An authentic narrative that many missed
-
Latest News4 days agoShowers above 100 mm are likely at some places in the Western, Sabaragamuwa, Central and North-western provinces and in Galle and Matara Districts
-
Editorial6 days agoTrouble beginning in earnest
-
Editorial5 days agoBig Bad Bills
-
News6 days agoGovt. confident of 2/3 majority despite NPP split speculation
-
News6 days agoPolice may seek clarification from US
