News
America dumps “toxic” Trump!
BY S VENKAT NARAYAN,
Our Special Correspondent
NEW DELHI, January 23: He fooled some people for some time. He also fooled almost all the people for some time. He tried to fool all the people all the time, and failed miserably.
Former United States President Donald Trump returned to Mar-a-Lago in Florida and to his company last week as an ordinary citizen at a time when it faces a deepening crisis, with key properties bleeding revenue and its bankers, lawyers and customers fleeing the company.
His neighbours at Mar-a-Lago do not want to have him around on a permanent basis! Proud Boys and other outfits who invaded the Capitol in Washington on January 6 after he incited them are now mad with him. They thought he would defend them. But he denounced them even as they were on the rampage.
Financial disclosure forms, filed by the former president as he left office, revealed that his hotels, resorts and other properties had lost more than $120 million in revenue last year, as the Covid-19 pandemic forced long-term closures and kept customers home. Those losses were worst in the places where Trump could least afford it: His Washington hotel, which has a $170 million loan outstanding, saw revenue drop more than 60 percent. His Doral resort in Miami — also carrying a huge debt load — saw a 44 percent drop.
Barely 24 hours after he left the White House oh-so-reluctantly, his company’s troubles appeared to multiply: One of its banks and one of its law firms said they would cut their ties with the Trump Organization. They are the latest in a string of vendors and customers who severed their relationships with the company after Jan. 6, when a mob of Trump supporters attacked the U.S. Capitol directly after he addressed them at a rally.
The picture emerging shows the inversion of Trump’s fortunes since 2015, when he entered politics promising to remake the country in the image of his growing, swaggering business.
Now, Trump returns to a business remade in the image of the country he led: beleaguered, indebted and toxically politicized, The Washington Post reported on Friday.
“He faces some very serious problems that have been building in recent years and I think are going to come to a head now that he’s left office,” said Bert Ely, a banking consultant who has testified before Congress on financial matters.
The Trump Organization is a relatively small operation. It relies heavily on the work of others — lawyers and real estate brokers, and investors who paid to have Trump’s name on their buildings. Now, some of those outsiders are pulling away. “He’s done enormous reputational damage to himself,” Ely said. Trump still owns his company. But it is unclear when — or even if — he will return to his old role as the company’s day-to-day leader.
The new financial disclosures, filed routinely by an outgoing president, show that the company is facing one of its darkest hours, as the coronavirus hammers the tourism industry.
Overall, Trump listed specific revenue figures for 47 different companies, including his golf clubs, hotels and New York City park properties. Combined, revenue at those companies declined more than 35 percent last year, according to a Washington Post analysis.
There were sharp declines at three of Trump’s most important properties: his D.C. hotel, his Doral resort in Florida, and his Turnberry resort in Scotland. Their combined revenue fell from $149 million in 2019 to $71 million last year, a drop of more than half. Trump faces more than $400 million in outstanding loans, including more than $290 million on Doral and the D.C. hotel.
The New York Times reported last week that he has to cough up nearly half a billion dollars in the next three years: $395 million in loans that fall due during 2022-24, and $100 million he owes in taxes which had dodged all these years.
And Trump’s company continued to lose key partners — including banks and lawyers that had stuck with it through the lowest points of Trump’s political career. “We no longer have any depository relationship with him,” said a spokesperson for BankUnited, a Florida-based bank where Trump had kept more than $5 million in money-market accounts. On Thursday, BankUnited said it was closing those accounts.
The decision meant that, since the attack on the Capitol, Trump had lost three of the four banks that held his largest deposits. Signature Bank and Professional Bank cut their ties earlier this month. The fourth bank, Capital One, has declined to comment.
The backlash to Trump’s actions has even hit the smallest of Trump’s business partners, including the organizers of a triathlon — the Tri at the Trump — held at Trump’s golf course outside Charlotte.
“It was all on track before the Capitol,” said Chuck McAllister, the founder of the event, which he expected to attract 450 athletes and 1,000 spectators.
But then, McAllister said, the Capitol attack caused sponsors and vendors to pull out. He had to cancel the event. “It is deja vu. It’s like Groundhog Day,” McAllister said. He said he was unsure whether he would come back in 2022. “The name’s toxic. It’s toxic to some people. That’s never going to change.”
News
New Constitution to decide fate of executive presidency, PCs: NPP
By PRIYAN DE SILVA
The government’s position on the abolition of the Executive Presidency and the future of the Provincial Council system will be set out in a new Constitution, NPP General Secretary Dr. Nihal Abeysinghe has said.
Abeysinghe made the remarks when a delegation from the Campaign for Free and Fair Elections (CaFFE) met him at the NPP headquarters in Pelawatte on Friday evening. Former NPP General Secretary and MP Laxman Nipunarachchi also participated in the discussion.
Dr. Abeysinghe said the JVP, the main constituent of the NPP, had consistently advocated the abolition of the Executive Presidency and that it was also a key pledge in the NPP election manifesto.
Responding to calls for the Provincial Council elections to be held under the existing electoral system, Nipunarachchi said the system was being changed to introduce the new electoral system.
He stressed that conducting the elections under the old system was therefore not acceptable.
CaFFE Executive Director Manas Makeen suggested that the Election Commission should be vested with adequate financial authority to ensure that elections are held on time.
Dr. Abeysinghe also requested CaFFE and other stakeholders to submit any proposals for constitutional amendments for consideration.
The NPP made the abolition of Sri Lanka’s executive presidency and the adoption of a new Constitution a central constitutional pledge in its 2024 presidential election manifesto, A Thriving Nation, A Beautiful Life. It promised to draft and enact a new Constitution after public discussion and a referendum, abolish the executive presidency and replace it with a president without executive powers elected by Parliament, while introducing a new parliamentary electoral system.
However, in June 2026, Public Administration Minister Chandana Abayaratne was quoted by the media as having said that although this remained an electoral promise, the Government did not regard it as a priority at that point, saying other constitutional and electoral reforms were being considered first.
The Opposition has accused the goverment of trying to retain the executive presidency by delaying the constitution making project.
News
NBRI issues landslide warning for three districts
By Chaminda Silva
The National Building Research Institute (NBRI) has issued a Level 3 (Red) landslide early warning for several areas in the Kandy, Kegalle and Nuwara Eliya districts amidst continuing heavy rainfall.
The warning, issued at 2 p.m. yesterday (20), will remain in effect until 2 p.m. today (21).
In Kandy District, the red alert covers the Pasbage Korale Divisional Secretariat Division and surrounding areas.
In Kegalle District, red-level warnings have been issued for the Dehiowita, Aranayake, Deraniyagala, Mawanella and Yatiyanthota Divisional Secretariat divisions and surrounding areas.
In Nuwara Eliya District, the warning covers the Kothmale West, Kothmale East, Ambagamuwa and Norwood Divisional Secretariat divisions and surrounding areas.
Meanwhile, a Level 2 (Amber) landslide warning remains in effect for selected areas of Colombo, Galle, Kalutara, Kandy, Kegalle, Matara, Nuwara Eliya and Ratnapura districts.
The affected areas include Padukka; Nagoda, Thawalama and Neluwa; Bulathsinhala, Palindanuwara, Walallawita and Agalawatta; Ganga Ihala Korale; Bulathkohupitiya and Kegalle; Akuressa and Pitabeddara; Thalawakele; and several Divisional Secretariat divisions in Ratnapura District, including Pelmadulla, Ratnapura, Ayagama and Kuruwita.
Residents in the affected areas have been urged to remain vigilant for signs of landslides and follow instructions issued by local authorities, particularly during periods of heavy rainfall.
News
Mahaweli rises as heavy rain triggers flood, landslide fears
By SK Samaranayake
Heavy rainfall across the Central Highlands has triggered flood and landslide warnings, with the Mahaweli Ganga reaching spill level in Nawalapitiya and several roads and low-lying areas already affected.
The Kandy District Disaster Management Unit has urged residents living along the Mahaweli River in Nawalapitiya, Gampola, Gelioya and Peradeniya to remain on high alert as heavy rain continues on the western slopes of the Central Hills.
The Irrigation Department has warned that the Mahaweli Ganga, in the Nawalapitiya area, is nearing spill level. The river level at the Peradeniya Black Bridge, which is under repair, is also continuing to rise.
A senior official said the University of Peradeniya was taking precautionary measures in anticipation of a possible flood situation.
Meanwhile, five spill gates of the Polgolla Mahaweli Reservoir had also been opened yesterday (20) due to the heavy rainfall, Executive Engineer Thisara Bandara said.
Around 21,000 cubic feet of water per second is being released towards the Victoria Reservoir through the five gates.
Bandara warned that all spill gates may have to be opened if rainfall intensifies and urged communities downstream of the Polgolla Dam, on both sides of the river, to remain vigilant.
The threat has already translated into flooding and displacement in several areas.
Nearly 100 families have been displaced in the Pasbage Korale Divisional Secretariat area of Nawalapitiya after the Mahaweli River overflowed and inundated homes in low-lying areas, following heavy rainfall since yesterday (20), a Divisional Secretariat official said.
Kithulkote, Labuwelkotuwa and Jayasundara Ovita were among the areas affected.
The Irrigation Department has separately warned of a risk of major flooding in low-lying areas along the Mahaweli River in the Pasbage Korale area, urging residents and motorists to exercise extreme caution.
Meanwhile, roads have also been hit by the adverse weather.
The Road Development Authority (RDA) has closed the Poojapitiya–Medawela road until further notice after a section of the road at Madadeniya collapsed. The section had reportedly already been weakened during the Ditwah disaster and has now completely given way.
The RDA has closed the road from Poojapitiya town and advised motorists travelling towards Medawela to use alternative routes.
Traffic on the Hatton–Bogawantalawa–Maskeliya–Balangoda main road also came to a complete standstill yesterday after a landslide occurred near the Wanraraja Estate area in Dikoya at around 11 a.m.
Hatton Police officers and residents began clearing the earth from the road, while the local RDA office was informed to assist with the operation.
In another warning, the Disaster Management Centre (DMC) said a potentially dangerous situation had developed at Dabagolla Mountain in Yalagamuwa, Uvaparanagama.
Police said about 700 metres of the mountain had developed cracks measuring between 10 and 12 inches wide. In some locations, the ground had subsided to depths of seven to eight feet.
The DMC said the cracks had widened with the recent rainfall, while water flowing through them had begun loosening the soil and increasing the risk of a landslide.
Police said there were no houses or settlements around the affected mountain, which is located near a forest reserve. Several acres of pepper cultivation are, however, situated in the vicinity.
Meanwhile, heavy rain has also caused flooding in Bogawantalawa.
Several buildings in the low-lying section of Merys Estate National School have been inundated after the Keselgamu Oya, a major tributary feeding the Castlereigh Reservoir, overflowed.
A retaining wall above a house in the lower section of Kotiyagala Estate also collapsed amid the heavy rainfall, causing extensive damage to the house. Bogawantalawa Police said no one inside was injured.
Authorities have urged residents in flood-prone and landslide-prone areas to remain alert as further rainfall could worsen conditions, while motorists have been advised to avoid affected roads and use alternative routes where possible.
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