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DEW : Govt, Opp. unable to grasp global developments
‘AKD committed historical blunder by not attending BRICS summit inspite being invited by Russia’
Former Minister and veteran communist activist DEW Gunasekera recently found fault with both the government and the Opposition for failing to grasp rapidly changing global developments.
Addressing a Communist Party meeting held at Sugeeswara Hall, Matara on April 13, 2025, Gunasekera, President of the CPSL told the gathering that had Dr. Wickremasinghe been alive today, he would have been the happiest to witnes the emergence the new world economic order under condition of multi-polarity.
The meeting was preceded by paying a general tribute to Dr. Wickremasinghe at his statue opposite the Matara Uyanwatte esplanade. The meeting was held to mark the birth anniversary of Dr. S. A. Wickremasinghe founding leader of the CPSL.
The meeting was presided over by the former Matara District MP Weerasumana Weerasinghe. Dr. Weerasinghe, the CPSL General Secretary was present amongst the party leaders.
Gunasekara said Dr. Wickremasinghe was the Marxist, Socialist progressive who entered the first legislative assembly in 1931, soon after the grant of the adult fanchise. He was the first to take up in public the cry for self-rule and initiated a campaign under the Sooriyamal Movement.
He was the pioneer to introduce internationalism to the Sri Lankan politics. Ever since then, international developments and trends were subject matters under discussion in and outside the legislature.
However the political literacy has reached a new low today, and the government as well as the opposition were completely out of touch with global development and trends completely forgetting the fact that we were living in a global economy.
After 500 years, Asian economy has become the Vanguard of the world economy. The great leap of the Chinese economy and the fastest regional economy of ASEAN were the two factors which have brought almost the decisive change.
China become the second economic power in 2009 and surpassed the US in purchasing power of world GDP, the former minister said.
With the emergence of BRICS and the launch of the BRI infrastructure projects which have brought about significant changes in the global south.
The global south has surpassed the global North bringing about a decisive change with the world economic order.
Touching on the tariff war ignited by the US, former lawmaker Gunaskera said that it reflected growing economic crisis with the collapse of neo liberalism as admitted by both Democratic and Republican parties of the US.
President Anura Kumara Dissanayake made a historical and monumental blunder by failing to attend BRICS summit in October 2024 in spite of being invited by Russia, he said.
The world balance of economic power has decisively changed and continues to change.
Both the Govt. and the Opposition were either ignorant of the global developments or deliberately causing chaos, he said.
News
CEB engineers raise alarm over power sector stability
A senior electrical engineers attached to the Ceylon Electricity Board (CEB) have warned that unresolved structural and policy issues within the power sector could threaten the long-term stability of the national grid, urging authorities to act swiftly to address mounting technical and administrative concerns.
Speaking on condition of anonymity, they said the electricity network was operating under increasing strain due to delayed infrastructure upgrades, financial constraints, and growing demand.
“The national grid is not something that can be managed casually. It requires systematic planning, preventive maintenance, and timely investment. If these are compromised, the risk to system stability increases,” the engineers said.
They noted that several transmission and substation modernisation projects were behind schedule, while ageing thermal plants continued to shoulder a significant portion of the country’s base load demand.
“Engineers are committed to ensuring an uninterrupted supply. But professional expertise must be respected in decision-making. Technical matters cannot be subjected to short-term political considerations,” the engineers added.
Meanwhile, the powerful Ceylon Electricity Board Engineers’ Union (CEBEU) echoed similar concerns, warning that failure to address long standing professional and structural issues could have serious consequences for the power sector.
In a statement, the CEBEU has said that engineers have repeatedly called for reforms that safeguard the integrity of the utility and ensure that operational decisions remain grounded in technical evaluation.
“The electricity sector is a critical national asset. Any attempt to weaken institutional safeguards or bypass professional consultation will directly impact service reliability and long-term sustainability,” the union said.
The CEBEU has stressed the importance of transparent engagement between policymakers and technical personnel, noting that morale among engineers could be affected if their concerns continue to go unheard.
Industry analysts point out that the power sector plays a central role in Sri Lanka’s economic recovery efforts, particularly as the country seeks to expand industrial activity and attract investment. Stability in electricity supply remains a key determinant of business confidence.
The senior engineer stressed d that the objective of raising concerns is not confrontation but preservation of the grid’s integrity.
“Our responsibility is to the public. Electricity powers hospitals, industries, and homes. Safeguarding the system is a national duty,” he said.
With tensions simmering within the sector, stakeholders say meaningful dialogue between authorities, engineers, and trade unions will be crucial in ensuring that Sri Lanka’s power infrastructure remains resilient in the face of growing challenges.
By Ifham Nizam
News
CB identifies 24 pyramid scams in Sri Lanka
The Central Bank (CBSL) yesterday announced that investigations had identified 24 companies and applications operating prohibited pyramid schemes.
In a public notice issued under Section 83C of the Banking Act, No. 30 of 1988 (as amended), the CBSL said the following entities had been “ascertained and determined as prohibited schemes”: Tiens Lanka Health Care (Pvt) Ltd, Best Life International (Pvt) Ltd, Mark–Wo International (Pvt) Ltd, V M L International (Pvt) Ltd, Global Lifestyle Lanka (Pvt) Ltd, Fast3Cycle International (Pvt) Ltd, Sport Chain App / Sport Chain ZS Society Sri Lanka, OnmaxDT, MTFE App / MTFE SL Group / MTFE Success Lanka / MTFE DSCC Group, Fastwin (Pvt) Ltd, Fruugo Online App / Fruugo Online (Pvt) Ltd, Ride to Three Freedom (Pvt) Ltd, Qnet / Questnet, Era Miracle (Pvt) Ltd and Genesis Business School, Ledger Block, Isimaga International (Pvt) Ltd, Beecoin App and Sunbird Foundation, Windex Trading, The Enrich Life (Pvt) Ltd, Smart Win Entrepreneur (Pvt) Ltd, Net Fore International (Pvt) Ltd / Netrrix, Pro Care (Pvt) Ltd and Shade of Procare (Pvt) Ltd, SGO / sgomine.com and I.C.A.N Advertising (Pvt) Ltd and its affiliates icanonlineadvertising.com, bannercuts.com, bannercuts.lk, bannercuts.net and bannercuts.org
The CBSL said pyramid schemes, also referred to as multi-level marketing or direct selling schemes in certain instances, operate as recruitment-based programmes in which members enlist others into an expanding “downline” structure resembling a chain letter.
Under such arrangements, a portion of the fees paid by new recruits is channelled upwards to earlier participants, known as the “upline”, who are fewer in number.
The Central Bank warned that such schemes are inherently unsustainable, with the vast majority of participants at the lower tiers eventually losing their investments, while only a small number of early entrants are able to recover or profit from the funds contributed by subsequent recruits. It noted that when a pyramid scheme collapses, up to 99 per cent of those in the lower levels risk losing their money.
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Church urges patience, warns against interference with Easter attacks probe
Director of Communications for the Archdiocese of Colombo, Rev. Fr. Cyril Gamini Fernando, yesterday expressed confidence that ongoing investigations into the 2019 Easter Sunday terror attacks would yield meaningful results and urged the public and all stakeholders to exercise patience and allow the probe to proceed independently.
Addressing a media briefing in Colombo yesterday, Fr. Fernando called on all parties to refrain from interfering with the investigations, warning that any attempt to obstruct the process would amount to a grave injustice to the victims.
He said he believed there was credible evidence to warrant the arrest of military intelligence veteran Maj. Gen. (Retd.) Suresh Sallay.
Referring to the coordinated bombings on April 21, 2019, which targeted churches and hotels and claimed nearly 300 lives, Fr. Fernando described the attacks as a “barbaric” act and a “massacre” that killed worshippers attending Easter services as well as individuals from different religious and ethnic communities.
By Norman Palihawadane
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