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Dayasiri issues dire warning over national economy

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‘Waste, corruption and irregularities as devastating as corona’ 

By Shamindra Ferdinando

SLFP General Secretary Dayasiri Jayasekera says the government lacked the wherewithal to provide those struggling to make ends meet sufficient financial assistance.

The decision to provide Rs 2,000 for a family during the current Covid-19 lockdown highlighted the deteriorating economic crisis, State Minister Jayasekera points out.

 “In fact, the national economy is in such a bad shape the government found it difficult to pay that amount,” MP Jayasekera told The Island while warning of dire consequences unless the government and the Opposition reached a consensus on a strategic plan to save the economy.

 Responding to another query, the Kurunegala District MP discussed the crisis in his pocket borough of Bingiriya electorate, where alone approximately 15,000 persons had been affected by the lockdown. The State Minister emphasised that it wouldn’t be fair to blame one administration or a particular person for the current crisis.

 The SLFP group in the government consists of 14 members, including one accommodated on the SLPP National List. MP Jayasekera said that the government found it difficult to pay even Rs 2,000.

 Successive governments over the years had allowed key public sector enterprises such as the Ceylon Petroleum

Corporation (CPC), Ceylon Electricity Board (CEB), SriLankan Airlines to bleed the national economy, MP Jayasekera said.

Noting Energy Minister Udaya Gammanpila’s declaration in June that the entire banking sector faced collapse due to staggering amount of money owed to the Bank of Ceylon and the People’s Bank by the CPC and CEB, lawmaker Jayasekera said that tangible measures were required to address the crisis.

The Presidential Secretariat subsequently estimated the amount owed by the CPC and CEB at Rs 737 bn.

 MP Jayasekera said the public sector was a massive burden on the people. Instead of taking a political stand on the public sector, the government and the Opposition should at least now address the issue at hand.

 The national income was primarily utilized to pay the salaries of the public sector and pensions, Jayasekera said, adding that the government lacked the financial strength to meet its obligations due to dwindling income.

State Minister Jayasekera said that further expansion of the public sector was unthinkable. However, the government and the Opposition should reach an agreement without further delay that they wouldn’t exploit the issue for political advantage. “Let there be a consensus on a workable plan,” lawmaker Jayasekera said. The unprecedented devastation caused by the raging Covid-19 pandemic had compelled all political parties represented in parliament to act swiftly and decisively, the former minister said.

 “If we do not take meaningful measures to stop the rot in the wake of economic catastrophe the country will be bankrupt,” State Minister Jayasekera said.

 Referring to the continuing failure on the part of the revenue collection mechanism to meet its obligations, lawmaker Jayasekera explained utterly irresponsible conduct of the Customs. The continuing legal battle between the Customs and Sri Lanka Ports Authority (SLPA) over the former seeking massive rewards from the latter as regards a detection made a decade ago, MP Jayasekera said the case underscored the absurdity of the situation. “We are talking about a massive scam. Having allowed the SLPA to clear the equipment, the Customs imposed a penalty for non-payment of duties but the issue at hand is that the penalty money ended up with Customs officers,” MP Jayasekera said.

The Committee on Public Accounts (COPA) that inquired into the scam, but hadn’t been able to resolve the issue yet, lawmaker Jayasekera said, asserting that even the Parliament seemed helpless as various interested parties continued to take advantage of an utterly corrupt system. There couldn’t be a better example than the Customs moving court against the SLPA under questionable circumstances to highlight the severe financial impropriety, the former minister said.

 Explaining his role as COPA member, MP Jayasekera said that the revelations made at COPA as well as COPE (Committee on Public Enterprises) and Committee on Public Finance (COPF) proved beyond doubt that the parliament over the years had pathetically failed to ensure financial discipline. The lawmaker said that actually he was at a loss and felt so sorry over the failure of the parliament to address the situation.

 The Customs, Inland Revenue and the Excise Department responsible for revenue collection operation owed an explanation, the former minister said, pointing out how the public suffered due to negligence on the part of those responsible for ensuring financial stability.

 Lawmaker Jayasekera said that as a member of the parliament he couldn’t absolve himself of the responsibility for the overall failure of the parliament. Ensuring financial discipline and transparency were primary responsibilities of the parliament whoever controlled the parliamentary majority, MP Jayasekera said. “Another responsibility is the enactment of new laws. We seem to have failed in both spheres,” the SLFPer said.

 The State Minister discussed how Inland Revenue bungled on numerous occasions. One occasion was IR’s failure to collect massive amount in taxes from casinos, lawmaker Jayasekera said, alleging in spite of parliamentary watchdog intervention remedial action couldn’t be taken.

 State Minister Jayasekera said that the simmering controversy over Indian involvement in the East Container Terminal (ECT) of the Colombo port and the offering of West terminal which is something only on paper to India revealed the crisis in the government. Some of those who talked about mega plans simply didn’t take into consideration the ground situation nor were they capable of what MP Jayasekera called rationale thinking.

Acknowledging the importance of using organic fertiliser and how it benefited the country, lawmaker Jayasekera said that the whole exercise was now in turmoil as a result of hasty implementation of the project.  The former minister said that the systematic destruction caused by successive administrations that turned a blind eye to waste, corruption, irregularities and negligence was immeasurable.

 According to him the economy is in such a bad shape preparing budget for 2022 seemed unrealistic. The annual debt servicing amounting to as much as USD 4 bn underscored the catastrophic environment the country was in at the time national economy withered under continuing disruptions caused by Covid-19.

If the country maintained financial discipline, Sri Lanka would have been in a much better position to face the current health emergency, the State Minister said. Pointing out significant assistance received from foreign governments, the private sector as well as various individuals to fight the raging epidemic, lawmaker Jayasekera said that the government and the Opposition needed to review the situation. “We have to adopt a national plan to restore financial discipline or be prepared to face the consequences,” the former minister said.

The MP said that the decision to do away with a range of taxes at the onset of the government that resulted in the loss of over Rs 500 bn caused a debilitating setback.



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“We welcome investors and tourists visiting Sri Lanka who contribute to strengthening economic and cultural ties”– PM

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Prime Minister Dr. Harini Amarasuriya stated that as Sri Lanka moves towards sustainable growth, the country welcomes investors and tourists who contribute to strengthening economic and cultural ties.

She made these remarks while addressing a special celebration and dinner reception organized by the Sri Lanka India Society to commemorate the 77th Republic Day of India and the 78th Independence Day of Sri Lanka, held on Thursday [February 26] at the Taj Samudra Hotel in Colombo.

During the event, the official magazine of the Sri Lanka India Society was launched, and the book “Port of Call” was presented to the Prime Minister and the Indian High Commissioner.

Addressing the gathering, Prime Minister Dr. Harini Amarasuriya noted that the Sri Lanka India Society since its establishment in 1949 has contributed to strengthening relations between the two nations,  through cultural engagement, dialogue, and sustained interaction. The Society has supported ties not only between the two governments but also between the peoples of both countries.

She further stated,

“Over the past year, the strength of India–Sri Lanka bilateral relations has been evident. I express gratitude for the support extended by the Indian government in facilitating the exposition of the sacred Devnimori relics in Sri Lanka.

When Cyclone Dithva affected Sri Lanka, India responded promptly through “Operation Sagar Bandhu,” providing assistance in the rescue and relief efforts.

I appreciated the announcement of a long-term relief package amounting to USD 454 million in support of Sri Lanka’s recovery efforts. India continues to work closely with Sri Lanka in its journey towards sustainable development.

The Sri Lanka–India partnership spans multiple sectors, including economic development, energy, connectivity, trade and investment, digital transformation, health, education, maritime security, and people-to-people ties.

As Sri Lanka progresses towards sustainable growth, we welcome increased investments from Indian businesses and greater tourist arrivals from India, while further strengthening our economic and cultural ties”.

She reaffirmed that India is Sri Lanka’s closest neighbour and an important partner,  Sri Lanka is committed to advancing cooperation for the benefit of the people of both countries and the wider region.

Speaking at the event, Indian High Commissioner Santosh Jha stated that the relationship between the two countries goes beyond formal diplomacy and is a strong and special partnership. He noted that the introduction of the first international degree offered outside India in Sri Lanka marked a new chapter in educational cooperation. He also highlighted the continued expansion of collaboration in connectivity and people-to-people relations, adding that India–Sri Lanka relations are experiencing significant growth in the current period.

The event was attended by ambassadors, diplomats, officials of the Indian High Commission, and government representatives.

[Prime Minister’s Media Division]

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Chief Sanghanayaka of Sabaragamuwa Province felicitated

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The “Gauravabhinandana” ceremonial felicitation was held in honour of the Chief Sanghanayake of the Sabaragamuwa Province of the Malwathu Maha Vihara Chapter of the Maha Vihara tradition of the Siyamopali Maha Nikaya; former Pirivena Examiner; Rajakiya Pandith; holder of Master; Scholar of classical texts; recipient of the Kala Bhushana title; Vinaya Keerthi Sri Dhammdinna Saranapala; the Most Venerable Kaeligama Vijithananda Nayaka Thero on Wednesday [25th of February] at the auditorium of the Rathnapura District Secretariat

The event was organized under the patronage of the Anunayake of the Malwathu Chapter of the Siyamopali Maha Nikaya, Most Venerable Acharya Agga Maha Panditha Niyangoda Dharmakeerthi Sri Sangharakkhitha Vijithasiri Abhidhana Anunayake Thero.

The presentation of the symbolic casket to the Most Venerable Kaeligama Vijithananda Nayaka Thero took place with the participation of Prime Minister Dr. Harini Amarasuriya and the Governor of Sabaragamuwa Province, Ms. Champa Janaki Rajaratne.

Addressing the gathering, the Prime Minister stated:

“It is a privilege for me to participate in this felicitation ceremony held in appreciation of the religious and social service rendered by the Chief Sanghanayaka of the Sabaragamuwa Province, Most Venerable Kaeligama Vijithananda Nayaka Thera.

When we reflect on his life journey, it serves as a profound inspiration to us all. Having entered monastic life as a disciple of the Sabaragamuwa prelate, the late Most Venerable Kelle Sri Saranananda Thero, the Nayaka Thera has now rendered over five decades of distinguished service following higher ordination.

After obtaining a Bachelor of Arts degree from the Vidyodaya University, he devoted several decades as a Pirivena teacher and examiner, enlightening thousands of students. He has also authored numerous scholarly works. His classical literary contributions, especially for students of Pirivena education, are of exceptional value”.

The Prime Minister further recalled with gratitude the commitment shown by the Nayaka Thera, centred around the Ratnapura Mahawala Sri Dharmayathana, to uplift the spiritual and social well-being of the local community, and extended her wishes for good health and long life for the continuation of his invaluable service to the Buddha Sasana.

The occasion was also graced by the presence of Most Venerable Karagoda Uyangoda Maithreemurthi Thera, Supreme Mahanayaka of the Sri Lanka Amarapura Maha Sangha Sabha; the Anunayaka of the Sri Lanka Ramanna Maha Nikaya, Waleboda Gnanissara Thera; Lecturer of the University of Peradeniya and Deputy Registrar of the Malwathu Chapter, Panditha Mahawela Dhammakkhanda Rathanapala Thera; the Chief Sanghanayaka of Ratnapura and Uva Wellassa and former Vice-Chancellor of Uva Wellassa University, Bethgamuwa Dhammadinna Thera; along with members of the Maha Sangha. The occasion was also attended by the Minister of Buddhasasana, Religious and Cultural Affairs Sunil Senavi, Governor of Sabaragamuwa Province, Ms. Champa Janaki Rajaratne, Member of Parliament Shantha Padmakumara, former Members of Parliament A. A. Wijethunga and Janaka Wakkumbura, Ratnapura District Secretary Chinthana Udaya Nanayakkara, Basnayake Nilame of the Maha Saman Devalaya Ishan Sanka Mapitigama, Mayor of Ratnapura Indrajith Katugampala, and many other distinguished invitees.

[Prime Minister’s Media Division]

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Sajith raises fresh concerns over toxic pollutants emanating from burning of substandard coal

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Sajith

 Opposition and SJB Leader Sajith Premadasa yesterday raised serious concerns over the Government’s importation of substandard coal, warning that its use has resulted in inefficient electricity generation, increased equipment damage and significant financial losses to the State and consumers.

In a video statement, the Opposition Leader said the SJB had exposed details regarding the importation of inferior-quality coal, prompting what he described as an admission by Government representatives that the coal in question was of poor standard.

Premadasa charged that the continued use of such coal has reduced generation efficiency at the Norochcholai Power Station, while increasing the likelihood of damage to critical equipment.

He further claimed that ash content had risen sharply, from the accepted 11–15 percent range, to over 21 percent, doubling the volume of toxic pollutants generated. The disposal of the excess ash, he said, poses additional environmental risks.

The Opposition Leader also noted that a further 15 to 16 coal shipments are expected to arrive within the next two to three months. However, he alleged that the failure to procure high-quality coal has reduced megawatt output, necessitating greater reliance on fuel-powered plants to bridge the shortfall.

“This results in financial losses to the country, the Government, and, ultimately, to electricity consumers,” he said.

Premadasa cited Section 30 of the Electricity Act of 2009, maintaining that consumer tariffs can only be imposed, based on efficient electricity generation. He urged the Public Utilities Commission of Sri Lanka to safeguard the rights of the country’s 7.5 million electricity consumers, insisting that losses stemming from inefficient generation cannot lawfully be passed on to the public.

He further alleged that the Government’s promised “system change” had, instead, resulted in questionable coal procurement deals. The financial losses incurred through, what he termed, corrupt transactions, he argued, could have been channelled into essential public services, such as education, healthcare, poverty relief and support for entrepreneurs.

Premadasa called not for the appointment of a committee of experts, but for a full forensic audit into the transactions surrounding the coal imports.

He stressed that the SJB would continue to stand in defence of electricity consumers and asserted that the President and Cabinet must accept responsibility for the damage allegedly caused to the Norochcholai power plant, which, he described, as a national asset.

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