Controversy over plan to bring Bisons from India
By Ifham Nizam
Sri Lankan High Commissioner to India and a Sri Lankan biodiversity scientist as well as a public policy advisor, are working to import six Bisons from India without permission from the Department of Forest Conservation and the Department of Wildlife Conservation, the Centre for Environmental Justice (CEJ) alleged.
CEJ Director and Chief Advisor Hemantha Withanage yesterday said that senior officials of the Department of Forest Conservation and the Department of Wildlife Conservation had denied giving permission for the project.
“The Department of Wildlife Conservation states that these animals are found in the central region of India and there are problems regarding their adaptation to Sri Lanka,” he added.
Sri Lanka’s biodiversity expert, Rohan Pethiyagoda, contacted for comment said, he was under the impression that the CEJ had been misled by the claim in an Indian newspaper that there was a proposal to reintroduce gaur (which became extinct here some centuries ago) to the wild in Sri Lanka.
“The demography of Sri Lanka has changed drastically for that to be feasible, and we have enough and more problems with human-elephant conflict. All I requested High Commissioner Milinda Moragoda was to ascertain whether the Indian government might in principle be willing to entertain a request from Sri Lanka to establish a herd of gaur in our National Zoological Gardens.”
He also said if the Indian authorities had indicate their willingness to entertain such a proposal, then the Department of National Zoological Gardens of Sri Lanka can take a decision whether the latter would make a formal proposal.
“That is all there is to this. Of course, there may be those who are opposed to the idea of the zoo maintaining a herd of gaur. But in my opinion, most Sri Lankans would like such a move. After all, the gaur
is very much a part of our folklore. Imagine, if elephants became extinct in Sri Lanka, would anyone oppose maintaining a herd of captive elephants at Pinnawela? I doubt it. Unfortunately, many people have been misled by this erroneous newspaper article.”
Dr. Pethiyagoda also said that the reintroduction of the species to the wild was a hugely expensive, scientifically complex and time-consuming enterprise (it takes decades of planning, not years). Sri Lanka had not reached the point of considering the introduction of this propsal any time in the foreseeable future, he said. “But I would be astonished if anyone thought there is anything wrong with the last large mammal species to become extinct in Sri Lanka being represented in our national zoo.”
Withanage, who is also the current President of Friends of the Earth International (FOEI), said he did not approve of the move to bring those animals to Sri Lanka. “Do we even have habitats that suit such a species to survive? Withanage asked. He pointed out that reintroducing gaur is a problem. “Only a third of the forests that existed in Sri Lanka 300 years ago remain today.”
Commenting on the conflicts between humans and animals in Sri Lanka, Withanage said that the loss of human lives as well as the loss of animal lives should be taken into consideration. “The country loses about 350 elephants and 100 human lives a year due to the elephant-human conflict, and it is necessary to question the mindset of those who want to bringing in a problem that does not exist in the country.
“While some say that Sri Lanka already could not handle the existing number of elephants here, introducing this species to compete with elephants and feeding them in the limited pastures is something that we should not even think of.”
Personal income tax shock dims economic activities
ECONOMYNEXT –Sri Lanka’s personal income tax hikes have hit economic activity in the first quarter though despite currency stability helped businesses cut prices, Hemas Holdings, a top consumer goods group has said.As the currency stabilized, as central bank ended contradictory money and exchange policy conflicts, businesses had cut prices. Mainstream economists generally claim that price falls lead to delayed transactions and try to generate positive inflation through money printing, though businesses believe otherwise.
“The market witnessed price reductions and promotional trade schemes to stimulate consumption,” Hemas Holding told shareholders in the March quarterly statement.
“However, changes made to the personal income tax structure severely impacted modern trade sales volumes as consumers rationalised their purchases under reduced disposable income levels.”
Sri Lanka hiked personal income tax rates in 2023. Value added taxes were raised to 15 percent from 8 percent last year. Another 2.5 percent cascading tax was imposed on top of VAT, the effect of which was estimated to be around 4.5 or more through the cascading effect.
While value added tax allows the government to get tax revenues after citizens make transactions and getting the economy to work, based on best decisions needed to drive the economy to satisfy real needs, income tax kills economic decisions and transfers money to state actors, analysts say.
Net gains on income tax therefore comes at a cost of lost value added tax as well as killed real economic activities which would otherwise have been based on decisions of those who earned the money.
UK also almost doubled VAT in 1979, also to 15 percent, cut the base income tax rate and widened thresholds above inflation to give choice to individuals, amid criticism from Keynesian style or mainstream economists to recover the economy, after two back-to-back IMF programs failed to deliver concrete results, analysts point out.At Hemas Holdings, group revenues went up 52.6 percent to 32 billion rupees in the March 2023 quarter from year earlier amid price inflation as the rupee fell, and cost of sales went up 45.1 percent to 22.2 billion rupees, allowing the group to boost gross profits 72 percent to 9.8 billion rupees, interim accounts showed.
However, administration costs went up 54 percent, selling and distribution costs went up 36 percent, and finance costs went up to 1.3 billion rupees. Profit after tax was flat at 1.06 billion rupees.Sri Lanka’s central bank stabilized the rupee in the second half of 2022 after the rupee collapsed from 200 to 360 to from two years of money printing and also removed a surrender rule in March allowing the exchange rate appreciate.
The US Fed also tightened policy from March 2022 helping bring down global commodity prices after triggering inflation not seen for 40 years through Coronavirus linked money printing or accommodating a real shock through monetary expansion.
“While the modern trade channels witnessed a slow down due to the adverse impact of the tax reforms and high cost of credit on the middle-class urban population, the general trade channels experienced significant growth and increased foot fall,” Hemas told shareholders.
“The decline in global commodity prices in the second half of the year, enabled the business to make price reductions across the portfolio.
“However, the benefit of appreciation of the Sri Lankan Rupee in March 2023 was not seen during the quarter due to the lag effect but is expected to realise in the quarters to come, provided the current economic conditions prevail.”
Hemas is also has operations in Bangladesh where the central bank is also buying up government securities with tenors as long at 20 years to mis-target the interest rate, triggering forex shortages and depreciating the Taka, according to analysts who study the country.
Inflation had hit 9.3 percent in Bangladesh by March.
“In the face of numerous challenges including slowdown in the global economy, depreciation in Taka, heightened inflation and depleting foreign currency reserves, the country entered an IMF programme in January 2023,” the firm said.
“The value-added hair oil market witnessed a degrowth, as consumers curbed consumption in many non-essential items and switched to value-for-money alternatives.”
Mainstream economists mis-target rates to boost growth known as either monetary stimulus or bridging an output gap, though the effort result in instability and economic contractions.
Speaker says he has no power to deal with smuggler MP
By Norman Palihawadane
Speaker Mahinda Yapa Abeywardena said on Friday that he had no powers to initiate disciplinary actions against Ali Sabri Raheem, who was arrested at the Bandaranaike International Airport (BIA) in Katunayake along with a stock of undeclared gold and mobile phones on Tuesday (May 23).
Commenting on a letter handed over to him by 20 opposition MPs seeking action against Raheem, the Speaker said that the Opposition MPs stated that Raheem had misused his MP’s privileges.In the letter, the MPs noted that Raheem had misused Parliament privileges accorded to MPs and his diplomatic passport to smuggle the undeclared goods via the VIP lounge of the Bandaranaike International Airport (BIA).
“He has violated the Parliament-approved Code of Conduct for Members of Parliament in its entirety,” the letter said.
The group stressed that the violation of laws passed in Parliament by the MPs themselves will lead to a breakdown of trust among the public towards MPs of both the Government and the opposition.
“It may lead to a situation where the citizens will also refuse to adhere to the country’s laws,” they said. The MPs, therefore, called on the Speaker to take strict action against the offending MP.
The request was signed by opposition leader Sajith Premadasa, several other MPs of the SJB, SLFP General Secretary Dayasiri Jayasekara, Supreme Lanka Coalition member MP Udaya Gammanpila, MP Vasudeva Nanayakkara and several others.
Puttalam District MP Ali Sabri Raheem was arrested at the BIA along with a stock of undeclared gold and mobile phones on May 23.
The Customs officials on duty at the airport had impounded a total of 3.5kg of undeclared gold and 91 mobile phones from the possession of the parliamentarian who was returning to the island from overseas.Later, the MP was fined Rs. 7.5 million and released on payment of same while the undeclared gold and mobile phones were confiscated.
Lankan hospitality professional grabs top US luxury hotel job
Sanjiv Hulugalle has been appointed Group President – Hospitality & Real Estate in May 2023 overseeing all aspects of Kohler luxury hospitality businesses and championship golf courses, the company announced.
“He provides full-scope strategic and operational leadership strength, vast global experience, and a service mindset. He possesses an outstanding track record of hiring, training, engaging, and retaining high-performing teams focused on delivering exceptional one-of-a-kind luxury resort experiences, a news release on the appointment said”.
Prior to joining Kohler, Hulugalle served as Regional Vice President and General Manager at Mauna Lani Resort, Hawaii, part of the Auberge Resorts Collection. In that role, he managed Mauna Lani along with regional responsibility for five additional properties around the world, delivering significant growth, large-scale renovations, and increased revenue.
Before that, he was the Regional Vice President and General Manager at Jumeirah Al Naseem and Madinat located in Dubai, and spent 22 years with Four Seasons Hotels and Resorts in general management leadership roles.
His vast work experience in the luxury resort business has led him to work in 12 countries on four continents, including Syria, Dubai, Malaysia, and China.
He holds a bachelor’s degree from the Australian College of Physical Education in Sydney and began his upwardly mobile career as a physical training instructor in the hotel industry serving a short internship at Ahungalle Hotel during his university period.Sanjiv is the son of Mr. Arjuna and Mrs. Sally Hulugalle of Colombo.
Showers in Western and Sabaragamuwa provinces and in Galle and Matara districts
Personal income tax shock dims economic activities
Speaker says he has no power to deal with smuggler MP
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