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Cash-strapped govt. seeks Indian lifeline: Basil to visit New Delhi

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By Shamindra Ferdinando

Declaring that Sri Lanka was experiencing the worst ever post-independence economic crisis, Foreign Minister Prof. G.L. Peiris yesterday said Finance Minister Basil Rajapaksa’s forthcoming visit to New Delhi might give the country an opportunity to explore ways and means of overcoming the overwhelming challenges.

Prof. Peiris, who is also the Chairman of the ruling SLPP, emphasised that the Finance Minister’s visit was meant to seek not only loans but also wider cooperation on a range of other matters, including investment, trade and tourism.

Addressing the regular weekly SLPP briefing at its Battaramulla party office yesterday (22), Prof. Peiris said Indian High Commissioner in Colombo Gopal Baglay and Sri Lankan High Commissioner in New Delhi Milinda Moragoda had made arrangements for Minister Basil Rajapaksa’s visit.

Minister Rajapaksa is scheduled to meet Indian Premier Narendra Modi, Foreign Secretary Harsh Vardhan Shringla and other officials.

Both Prof. Peiris and SLPP General Secretary Attorney-at-Law Sagara Kariyawasam strongly argued against repeated calls led by the main Opposition Samagi Jana Balavegaya (SJB) for seeking the assistance of the International Monetary Fund (IMF).

Prof. Peiris asserted that the IMF wasn’t the only solution but one of the alternatives whereas lawmaker Kariyawasam asked whether any country had benefited from such a course of action.

Referring to the unprecedented crisis triggered by Covid-19 eruption in early 2020, Prof. Peiris said there were external factors, and current challenges couldn’t be taken in isolation. Emphasising that Sri Lanka maintained friendly relations with all foreign governments, Prof. Peiris explained the special relations Sri Lanka was having with India.

Finance Minister Rajapaksa on 12 Nov. presented Budget 2022. He declared that the government was confident that the country would not default on its debts and would work to improve its foreign exchange reserves. “Sri Lanka has never defaulted in its history and that record will be maintained,” Minister Rajapaksa assured.

The Indian High Commission in Colombo has repeatedly stated that Sri Lanka would receive priority in line with India’s ‘neighbourhood first policy’ widely described as Premier Narendra Modi’s signature foreign policy initiative that sought to develop better relations with the country’s neighbours.

Prof. Peiris also briefed the media on the status of the drafting of the new Constitution undertaken by an expert committee, and the Parliamentary Select Committee handling electoral reforms. The SLPP Chairman said that the government was going ahead with the process in spite of other issues at hand and confident of bringing the project to a successful conclusion. Prof. Peiris said that a new Constitution was a long felt need. The public expected electoral reforms as all accepted the need for far reaching changes.

Quad member India is a major investor in Sri Lanka. Recently, India has reached agreement with Sri Lanka as regards the proposed West Container Terminal (WCT) against the backdrop Sri Lanka reneging previous tripartite agreement involving India and Japan to develop the East Container Terminal (ECT) amidst stiff opposition from port unions. The Quad security alliance comprises the US, Japan, Australia and India.



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PM Harini leads panel to protect public services

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Prime Minister Dr Harini Amarasuriya

The newly appointed Cabinet Committee tasked with ensuring the uninterrupted functioning of Sri Lanka’s public service held its inaugural meeting on Thursday (19) at the Presidential Secretariat under the patronage of Prime Minister Dr Harini Amarasuriya.

The Committee convened to discuss strategies to maintain seamless government operations in the face of potential disruptions caused by the ongoing conflict situation in the Middle East, with particular focus on energy resource management.

According to officials, the discussions emphasised sustaining essential government services, ensuring continued service delivery to the public, and addressing the operational challenges faced by public sector employees during the current circumstances. The Committee also examined measures to mitigate any disruptions that could affect day-to-day administrative and service functions across ministries and departments.

Key attendees at the meeting included the Minister of Public Administration, Provincial Councils and Local Government A. H. M. M. H. Abayaratne; Secretary to the President Dr Nandika Sanath Kumanayake; Secretary to the

Prime Minister Pradeep Saputhanthri; Chief of Staff to the President Prabath Chandrakeerthi; and senior secretaries from key ministries including Health and Mass Media, Transport, Highways and Urban Development, Energy, and Digital Economy.

Representatives from state institutions such as the Ceylon Petroleum Corporation were also present, highlighting the government’s focus on energy security as a central priority. The Committee’s deliberations underscored a coordinated approach to balancing uninterrupted public service delivery with effective management of limited energy resources amid the ongoing geopolitical uncertainties.

Observers note that the formation of this Cabinet Committee reflects the government’s proactive stance in safeguarding national administrative functions and ensuring that critical public services remain resilient during times of external pressures.The Committee is expected to meet regularly to monitor developments, evaluate emerging risks, and implement practical measures to maintain operational continuity across the public sector.

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Sajith slams President over war conduct and economic missteps

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Opposition Leader Sajith Premadasa on Friday lashed out at President Anura Kumara Dissanayake in Parliament, accusing him of failing to uphold international law during wartime.

Premadasa said the President’s claim of neutrality ignored breaches of the UN Charter—including Articles 2.4 and 2.7—and other global conventions. “A neutral stance requires openly acknowledging violations,” he argued, criticizing the absence of ethical mechanisms to safeguard international law.

He also questioned the President’s handling of maritime issues, particularly whether Sri Lanka had been informed of the alleged attack on the Iranian vessel IRIS Dena, stressing that the Exclusive Economic Zone (EEZ) permits only peaceful activity.

On the economic front, Premadasa condemned the government for missing a chance to buy Russian oil during a 30-day U.S. sanctions suspension.

He said attempts to advise the Foreign Ministry, including a meeting with the Russian Ambassador, yielded no progress.

Premadasa further ridiculed the government’s earlier dismissal of the QR code fuel system, noting that officials are now adapting to it.

Turning to broader economic concerns, he called for immediate negotiations with the IMF to secure a new agreement, warning that the current primary balance of 2.3 is unsustainable. He stressed the urgent need for a poverty-reduction program, highlighting that one-third of Sri Lankans live in poverty.

He also demanded that surplus Treasury funds be used to support relief packages, arguing billions in reserves could aid households struggling with income shortfalls.Concluding his address, Premadasa criticized the government for failing to prepare for foreseeable crises, leaving the country vulnerable.

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Johnston Fernando, sons held in Lanka Sathosa lorry misuse case

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Former Minister Johnston Fernando, his two sons, and three others were remanded by the Wattala Magistrate’s Court yesterday (20) until April 2, the court confirmed.

The suspects, including Fernando’s elder son Johan, younger son Jerome, and a former transport manager of Lanka Sathosa, are under investigation by the Police Financial Crimes Investigation Division (FCID).

Authorities allege the Lanka Sathosa lorry was misused for operations linked to an ethanol company reportedly owned by Fernando, causing an estimated Rs. 2.5 million loss to the state.

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