News
Wimal alleges Ranil, Sajith, AKD pursuing IMF, India agendas
Sri Lanka’s fate compared with that of Sikkim
By Shamindra Ferdinando
National Freedom Front (NFF) leader and Chairman of the Uththara Lanka Sabhagaya (ULS) Wimal Weerawansa, MP, said that President Ranil Wickremesinghe, SJB leader Sajith Premadasa, MP, and JVP/JJB leader Anura Kumara Dissanayake, MP, were pursuing the same strategy to address the economic crisis.
Therefore, an alternative political grouping was required for those who opposed the medicine prescribed by the IMF to overcome the current crisis, the former Commerce and Industries Minister said.
Addressing a gathering at the Maharagama Youth Centre Auditorium on Saturday (23), the Colombo District lawmaker declared that the ULS represented the interests of the patriotic and progressive electorate.
Alleging that the Wickremesinghe-Rajapaksa government, the main Opposition SJB and the JVP/JJB worshiped the IMF, and believed in the IMF remedies, MP Weerawansa called for public support for the only alternative for the people struggling to make ends meet.
Deputy Chairman of ULS and leader of Pivithuru Hela Urumaya Udaya Gammanpila, MP, its Secretary and General Secretary of the Communist Party Dr. G. Weerasinghe, the grouping’s main advisor Ven. Atureliye Rathana
Thero, MP, its Deputy Secretary Gevindu Cumaratunga and its Deputy General Secretary G. D. V. Thilakasiri of the Democratic Left Front (DLF) were present Rebel SLPP MPs, Dulas Alahapperuma, Dayasiri Jayasekera and Roshan Ranasinghe, too, addressed the gathering.
Alleging that at the behest of MP Anura Kumara Dissanayake, the JVP/JJB had meekly given in to the IMF dictates, MP Weerawansa said that the government was yet to rectify the main cause of the economic crisis. The former minister explained how enactment of Foreign Exchange Act No 12 of 2017 by the yahapalana administration allowed unscrupulous exporters to park export proceeds running into billions of USD overseas.
That law replaced the time-tested Exchange Control Act of 1953, MP Weerawansa said, pointing that those responsible continued with the yahapalana law at the expense of the national economy.
The former JVPer said that the incumbent government as well as the SJB and JVP/JJB had no alternative plans. Therefore, they entirely depend on the IMF’s bailout package and the current effort was to secure the third tranche of the USD 2.9 bn loan facility spread over a four-year period.
Sri Lanka has secured IMF assistance on 16 previous occasions.
Referring to Western sanctions imposed on Russia in the wake of the Ukrainian conflict, MP Weerawansa pointed out how that country faced the challenge and recorded the highest GDP among the European countries and was fifth in the world rankings.
MP Weerawansa said that ULS would soon reveal how the grouping intended to overcome the daunting economic challenges. Sri Lanka’s recovery plans wouldn’t depend on one individual but a leadership board that was to be entrusted with the overall strategy, the MP said.
The ex-minister said that both the SJB and JVP/JJB lacked appropriate strategy though they sought to deceive the public. MP Weerawansa said that SJB leader Sajith Premadasa didn’t realize the ongoing crisis couldn’t be addressed by distributing buses and making meaningless statements.
MP Weerawansa flayed the government over the ongoing privatization programme. Weerawansa said that privatization couldn’t be the panacea for all our ills. Commenting on the role played by former MP and President’s Chief of Staff Sagala Ratnayake in the Indo-Lanka dialogue, MP Weerawansa questioned the incumbent government’s strategy.
The former minister explained how the ongoing projects could make Sri Lanka a part of India. Unless the people united against the government and the ongoing Indo-Lanka projects, the day New Delhi took full control was not far away, MP Weerawansa claimed.
The NFF leader compared the current situation here with that of Sikkim that became the 22nd State of India in May 1975. Weerawansa explained the circumstances India intervened in Sikkim leading to the 1975 take over. According to the MP, the ongoing high-profile Indian projects would ultimately cause Sri Lanka to lose her independence. The former Minister alleged that the government, the main Opposition and JVP/JJB cooperated with the Indian strategy, therefore the only alternative would be ULS.
MP Weerawansa claimed that the JVP/JJB had totally abandoned their original ideals and was working closely with capitalists and other interested parties.
Latest News
USS Canberra makes port call in Colombo
The United States Navy’s USS Canberra (LCS 30) arrived at the port of Colombo for replenishment purposes on 12 Jun 26.
The visiting ship was welcomed by the Sri Lanka Navy
in compliance of naval traditions.
USS Canberra, a Littoral Combat Ship, is commanded by Commander J McLaughlin.
News
Complete the Proposed Education Reform Policy Framework Within One Month – President
President Anura Kumara Dissanayake has instructed officials to complete work on the proposed Education Reform Policy Framework within one month.
The President issued these instructions during a discussion held on Wednesday (10 June) at the Presidential Secretariat on the education policy concept paper presented by the National Education Commission.
At the meeting, the Chairman of the National Education Commission stated that the current education reforms are being undertaken across several pillars: early childhood education, general education (primary, secondary and tertiary), higher education, vocational education, technological education, digital education and non-formal education.
Attention was also given to Sri Lanka’s education system to date, the various education reforms implemented over the years, and the social changes brought about by those reforms. The President instructed officials to review previous education reforms and to take into account the key lessons emerging from them when formulating the new education policy framework.
Members of the Education Commission noted that, since the establishment of the National Education Commission in 1991, education policies have been formulated from time to time. They pointed out that a significant portion of the 1997 policy had been applied to primary education.
It was further observed that although a policy was formulated in 2016 for general education, it was not implemented accordingly. Likewise, while an education policy was prepared in 2023, it was not adopted as the national education policy. Attention was also drawn to the fact that previous education reform efforts had often been based on programmes developed according to the functions of education-related institutions, rather than on a clearly established policy framework guiding educational change.
Describing the present moment as a significant opportunity, the President emphasised that education reforms should be implemented in a manner that does not disrupt the continuity of the existing education process. Rather than creating a separate policy framework and attempting to operate independently through it, reforms should be integrated carefully into the functioning education system.
The President stated that this represents a considerable challenge for the National Education Commission. He also noted that it would be inaccurate to conclude that either the previous education system or the current one is entirely successful or entirely unsuccessful.
He stressed the importance of carefully identifying both the strengths and weaknesses of the existing system. He further observed that it is not possible to determine in the short term whether an education reform is successful or unsuccessful, as its impact must be assessed over the long term through the changes it brings about in society. For this reason, he emphasised that education reforms require greater caution and consideration than many other types of reforms.
Discussions also focused on the need to conduct an in-depth review of anticipated future social challenges and to incorporate into the new policy framework the elements necessary for developing citizens suited to a changing society.
Special attention was given to the need for a policy framework to regulate all sectors of education that are currently not subject to proper regulation, as well as to the adverse consequences arising from the lack of regulation of private education.
The importance of conducting research into university education reform and the regulation of private universities was also discussed.
Among those present were Prime Minister Dr Harini Amarasuriya, Deputy Minister of Education and Higher Education Dr Madhura Seneviratne, Deputy Minister of Vocational Education Nalin Hewage, Secretary to the President Dr Nandika Sanath Kumanayake, Senior Additional Secretary to the President Kapila Janaka Bandara, Secretary to the Ministry of Education, Higher Education and Vocational Education Nalaka Kaluwewa, Chairman of the National Education Commission Professor A. Sarath Ananda, and other members of the National Education Commission.
(PMD)
Business
Committee appointed for restructuring SriLankan Airlines
The Cabinet of Ministers has approved the appointment of a Committee, chaired by Senior Presidential Advisor on Digital Economy Dr. Hans Wijayasuriya, to conduct a strategic review and restructuring of SriLankan Airlines.
The other members of the committee are as follows:
• Senior Presidential Economic Advisor Duminda Hulangamuwa
• Financial and corporate strategy expert Deshal De Mel
• Transaction and investment banking, mergers and acquisitions expert Dumith Fernando
• The Secretary to the Ministry of Finance or his Representative
• The Secretary to the Ministry of Transport, Highways and Urban Development / a representative of the Civil Aviation Authority
• The Chairman of SriLankan Airlines
• Legal experts with specialised knowledge in corporate, aviation and public law
• Aviation industry experts to be appointed
The Government has recognised the urgent priority of undertaking a comprehensive strategic review of SriLankan Airlines, taking into account the broader macroeconomic context.
The main objective of this exercise is to establish a financially sustainable and commercially efficient national carrier, while reducing the long-term fiscal burden on the Government.
Accordingly, it has been deemed appropriate to establish a dedicated committee to carry out the strategic review and restructuring process in collaboration with the International Finance Corporation (IFC), which is serving as the Transaction Advisor.
The committee will be responsible for:
• Conducting an independent review and assessment of the airline’s strategic direction and future course of action
• Recommending restructuring requirements and possible restructuring models
• Evaluating specific strategic options and identifying the most suitable course of action aligned with the Government’s overall objectives
• Providing oversight, guidance and support for the implementation of the selected strategy and execution framework determined by the Government
The committee will function for the duration of the strategic review and restructuring process, or until it is formally dissolved by the Government of Sri Lanka.
(PMD)
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