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Opinion

CBSL pay hikes

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The Central Bank of Sri Lanka (CBSL) has been in the news again – this time for the wrong reason. Questions are being asked about the justification, if any, of the unprecedented salary increases they seemed to have helped themselves to when the country is in a soup both economically and socially.

Let us examine different aspects of this action to see if the CBSL could ever justify it on any grounds.

For an impartial observer, this seemed like a simple case of helping themselves to their hearts’ content just because they are allowed to so by the newly minted “rule book”, meaning the amended CBSL legislation that rightly gave them more independence and freedom from undue political influence. Not a bad idea given what happened in the past, but I believe, that freedom was intended to be exercised only in the monetary policy and governance related matters.

Such freedoms are part-and-parcel of many similar government organisations around the world that are required to be fiercely impartial and objective in their policy and operational decisions. However, it’s not a case of having unlimited freedom to do whatever they want to with their resources. With freedom comes the scrutiny of outcomes. I can quote an example from New Zealand where I currently reside to bring home this point. When it comes to impartiality and fairness, the NZ Police Force ranks amongst the best in the world. They’re completely independent of political influence as far as policy and operational matters go. However, they must work within the allocated government budget. Their freedoms don’t extend to an ability to unilaterally shower themselves with outrageous pay increases like what the CBSL has done.

Another justification the CBSL seems to be trotting out is that their staff members are a special breed of extraordinarily qualified, talented, and capable people deserving extraordinary remuneration. If not, they’ll apparently flee the Bank in no time and the whole economy will collapse (as if it hasn’t already collapsed in a heap!).

Let’s put this argument to the test starting from the bottom. It was reported that the employees at the lowest grades such as drivers and office aides are to be paid relatively fancy sums (in the Sri Lanka context) such as 200,000 to 300,000 rupees a month, apart from a host of other fringe benefits. I’d think these amounts are not only comparable with what a government doctor or a university teacher gets paid, but also are likely three- or four-times a similar category of employee could attract elsewhere. I wonder what kind of special capabilities, talents, or qualifications these pampered CBSL drivers or office aids offer that justify salaries comparable to those paid to highly qualified professionals elsewhere. I bet my bottom dollar (or rupee) that not a single employee of this category would even think of quitting their plush CBSL job even if they’re denied another pay hike.

We could simply extend that flawed justification upwards to almost all other categories of staff too. The logic and the common sense will tell us that any justification would be hard to come by.

Of course, the CBSL can tell us that they deserve this extraordinary remuneration regime because of the huge responsibility they carry in being the guardians of the monetary system of the country. Granted, but was it the lack of pay that prevented them from doing a good job so far? Or was it a case of lack of commitment, capability, and honesty?

Quoting just another example from New Zealand, the Central Bank here (known as the Reserve Bank of NZ) carries out exactly a similar remit, managing and regulating the monetary system of an economy worth $250 billion with just 400 staff. The CBSL on the other hand has close to 1,000 so-called “highly talented and indispensable” staff who seemed to have done a really bad job managing an economy worth only $75 billion!

The worst aspect of this action by the CBSL is their blatant hypocrisy in relation to what it has been preaching to the rest of the country about the need to keep the dreaded inflation in check.

Upul P, Auckland



Opinion

Education needed about people not feeding wildlife

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Being wildlife enthusiasts and bird watchers we took a river “safari” during a recent family trip to Bentota. We were dismayed to see that it seems to be the standard practice to feed the monkeys, I think they were the purple faced langurs, that were encountered on the river banks. Each boat that passed by stopped with boxed fruit, coconut and other odds and ends to feed them.

We managed to stop our guy from doing so but faced derision and laughter that we shouldn’t be afraid of monkeys. We tried to explain to him that this is a plague affecting Sri Lanka; elephants being fed on road sides and even in national parks, monkeys being fed from hotel balconies and apparently during river boat rides, birds being fed on hotel terraces etc.

This was met with further mockery and amused dismissal. An effort to make them understand that this was their livelihood that they were destroying it in this manner sailed over their heads. They even have a picture of a baby crocodile on the shoulders of a tourist on their billboard.

We need to consider the following:

Educate such tour operators about the importance of not interfering with the environment and the behaviour of wild animals.

Include education and training in the hotel school, and in schools in tourist resort towns about their duty and responsibility to the environment and the ecosystem on which we all depend.

If it is not already the case such operators should have licenses that should be revoked and fined if found to be engaging in such destructive acts.

Tamara Nanayakkara

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Opinion

Capt. Dinham Suhood flies West

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A few days ago, we heard the sad news of the passing on of Capt. Dinham Suhood. Born in 1929, he was the last surviving Air Ceylon Captain from the ‘old guard’.

He studied at St Joseph’s College, Colombo 10. He had his flying training in 1949 in Sydney, Australia and then joined Air Ceylon in late 1957. There he flew the DC3 (Dakota), HS748 (Avro), Nord 262 and the HS 121 (Trident).

I remember how he lent his large collection of ‘Airfix’ plastic aircraft models built to scale at S. Thomas’ College, exhibitions. That really inspired us schoolboys.

In 1971 he flew for a Singaporean Millionaire, a BAC One-Eleven and then later joined Air Siam where he flew Boeing B707 and the B747 before retiring and migrating to Australia in 1975.

Some of my captains had flown with him as First Officers. He was reputed to have been a true professional and always helpful to his colleagues.

He was an accomplished pianist and good dancer.

He passed on a few days short of his 97th birthday, after a brief illness.

May his soul rest in peace!

To fly west my friend is a test we must all take for a final check

Capt. Gihan A Fernando

RCyAF/ SLAF, Air Ceylon, Air Lanka, Singapore Airlines, SriLankan Airlines

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Opinion

Global warming here to stay

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The cause of global warming, they claim, is due to ever increasing levels of CO2. This is a by-product of burning fossil fuels like oil and gas, and of course coal. Environmentalists and other ‘green’ activists are worried about rising world atmospheric levels of CO2.  Now they want to stop the whole world from burning fossil fuels, especially people who use cars powered by petrol and diesel oil, because burning petrol and oil are a major source of CO2 pollution. They are bringing forward the fateful day when oil and gas are scarce and can no longer be found and we have no choice but to travel by electricity-driven cars – or go by foot.  They say we must save energy now, by walking and save the planet’s atmosphere.

THE DEMON COAL

But it is coal, above all, that is hated most by the ‘green’ lobby. It is coal that is first on their list for targeting above all the other fossil fuels. The eminently logical reason is that coal is the dirtiest polluter of all. In addition to adding CO2 to the atmosphere, it pollutes the air we breathe with fine particles of ash and poisonous chemicals which also make us ill. And some claim that coal-fired power stations produce more harmful radiation than an atomic reactor.

STOP THE COAL!

Halting the use of coal for generating electricity is a priority for them. It is an action high on the Green party list.

However, no-one talks of what we can use to fill the energy gap left by coal. Some experts publicly claim that unfortunately, energy from wind or solar panels, will not be enough and cannot satisfy our demand for instant power at all times of the day or night at a reasonable price.

THE ALTERNATIVES

It seems to be a taboo to talk about energy from nuclear power, but this is misguided. Going nuclear offers tried and tested alternatives to coal. The West has got generating energy from uranium down to a fine art, but it does involve some potentially dangerous problems, which are overcome by powerful engineering designs which then must be operated safely. But an additional factor when using URANIUM is that it produces long term radioactive waste.  Relocating and storage of this waste is expensive and is a big problem.

Russia in November 2020, very kindly offered to help us with this continuous generating problem by offering standard Uranium modules for generating power. They offered to handle all aspects of the fuel cycle and its disposal.  In hindsight this would have been an unbelievable bargain. It can be assumed that we could have also used Russian expertise in solving the power distribution flows throughout the grid.

THORIUM

But thankfully we are blessed with a second nuclear choice – that of the mildly radioactive THORIUM, a much cheaper and safer solution to our energy needs.

News last month (January 2026) told us of how China has built a container ship that can run on Thorium for ten years without refuelling.  They must have solved the corrosion problem of the main fluoride mixing container walls. China has rare earths and can use AI computers to solve their metallurgical problems – fast!

Nevertheless, Russia can equally offer Sri Lanka Thorium- powered generating stations. Here the benefits are even more obviously evident. Thorium can be a quite cheap source of energy using locally mined material plus, so importantly, the radioactive waste remains dangerous for only a few hundred years, unlike uranium waste.

Because they are relatively small, only the size of a semi-detached house, such thorium generating stations can be located near the point of use, reducing the need for UNSIGHTLY towers and power grid distribution lines.

The design and supply of standard Thorium reactor machines may be more expensive but can be obtained from Russia itself, or China – our friends in our time of need.

Priyantha Hettige

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