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Dr. Pethiyagoda blames Lanka’s woes on rulers, bureaucrats not using common sense
By: M. A. Kaleel
Sri Lanka could go bankrupt again and again in the years to come like Argentina, Dr. Rohan Pethiyagoda, one of Sri Lanka’s foremost biodiversity experts said at the convocation of the Sri Jayewardenepura University.The engineer turned biodiversity expert told the students that they were graduating at the most difficult time in Sri Lanka’s post-Independence history.
“The fact is whichever government we get, whichever President we elect in the future, it won’t make a difference because coming out of this type of economic crisis is a slow, tedious and long process. It’s not going to be bad as people say that Sri Lanka is going to end up as Zimbabwe. I don’t think it will. We have people like you in Sri Lanka but Zimbabwe doesn’t. We might end up like Argentina. A hundred years ago Argentina was the 15th richest country in the world. On average Argentinians were richer than Italians, French and Irish. Today it’s one of the poorest countries in the world. All because of lack of common sense in political ideology. In 20 years, Argentina declared bankruptcy not once nine times. We can also expect that Sri Lanka can go bankrupt again and again in years to come. Unfortunately that’s how the world works. Recovery from the crisis we face is not easy. It’s not going to be over in a year or two. It might take ten or twenty years or a generation and you are the generation that can drive the recovery,” he said.
Excerpts of the speech: Today, Sri Lanka is in a crisis because people didn’t have something a mother has. Mothers are people, I think all will realise, who are rich in a thing called common sense. To think about it, our primary problem started with the inflation we are seeing in our economy as the result of the Central Bank two years ago printing 2.3 billion rupees in paper money. Money which is not supported by the growth in the economy always leads to inflation. If you look at other countries, every country that has done that has faced a financial collapse. Our Governor of CB, a highly qualified professional and academic with a PhD from the University of Oxford denied there was a link between money supply and inflation. He didn’t have common sense.
“Your mother couldn’t have done that. That’s why we have this problem. We saw what happened in organic agriculture. Overnight the government decided to change the agriculture policy. Agriculture expertise that has been taught by the universities for the last 50 years – scientific modern agriculture was put aside. We decided to take agriculture back by 100 years to the 19th century. If we look at any other countries in the world, has any country successfully done this? Then common sense says it is unlikely you will be the first successful one. That is your mother would have said. As we didn’t listen to our mother and we got it wrong and that caused our problem. Even people who are highly qualified and competent, if they don’t use common sense, may make serious mistakes. We made that with Dhammika Peniya. The government was telling Dhammika Peniya was a cure for Covid. If it’s a cure for Covid, how come Pfizer, Moderna and AstraZeneca sold 100 b $ worth Covid vaccines last year. Sri Lanka could have got 100b $ for selling Dhammika Peniya but we didn’t. Common sense said we were wrong. When people reject science and when we people reject the learning you’ve received at universities, they can make huge mistakes. Science, as you have learned, is testing hypotheses. It is about evaluating evidence. It is not about listening to the most qualified persons. You have to learn to question everything.
“You have the advantage of graduating from one of the best universities in South Asia. University of Jayewardenepura, specifically your faculty, publishes on average one paper every day in influential indexed journals. It’s an astonishing record. You can be comfortable that you have earned a degree of international standards. If you want to do a further degree anywhere in the world, your degree will stand you in good stead.
Coming years are going to be tough. You’ll be looking for jobs. I feel sad about it. Unfortunately the mistakes have been made for no fault of you but because of corrupt, crooked, ignorant politicians. They have been the curse of our country since independence. But I don’t doubt for one moment that you have the skills, you have the intelligence and you have the knowledge to be a force to drive the change. This is your moment and this is your time for the shakeup of our country. I hope you’ll be equal to the challenge and for that reason I feel Sri Lankans deserve your skills, your talents and your dedication.”
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Chemmani mass graves: Govt to seek international forensic help
ECONOMYNEXT –International assistance for forensic analysis of the remains unearthed at the Chemmani mass grave will be sought when the need arises, Sri Lanka’s Minister of has Justice said after opposition legislators urged the government to seek help.
“We have spoken to embassies, we have made all the local finances necessary for excavation. But when it comes to DNA analysis, depending on the type and nature we will definitely have to go for internationally recognised places,” Harshana Nanayakkara said in response to a query in Parliament.
Nanayakkara said that request for international expertise is dependant on the direction the courts give on what needs to be done, after which they will decide which agency best suits the proceedings.
The minister also recognised that local expertise is lacking in the forensic department, and the need to train local staff with the help of international experts.
Opposition MPs argued that the present need is direct help in forensics from international entities, rather than the longer term need to train the staff on analysis.
Currently, the investigation is in the excavation and exhumation stage, conducted by archaeologist Raj Somadeva and his team.
The existence of the Chemmani mass grave was first brought to light in 1998, during the trial of the rape and murder of schoolgirl Krishanti Kumaraswamy.
In February 2025, construction workers found remains near the Sinthupathy Cemetery, and following investigations ordered by the Learned Magistrate, the mass grave was discovered.
412 bodies have been discovered, with 409 bodies recovered as of 23 June 2026. According to the Office on Missing Persons, this is the 17th recorded mass grave in Sri Lanka.
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ADB approves $57.4 million package to boost Lanka’s rooftop solar drive
The Asian Development Bank (ADB) has approved a $57.4 million financing package to help Sri Lanka expand access to affordable clean energy and reduce greenhouse gas emissions through a large-scale rooftop solar aggregation and virtual net metering programme.
The financing comprises a $35 million concessional loan, $16.9 million in grants from the European Union and $5.5 million from the Japan Fund for the Joint Crediting Mechanism. With additional contributions from implementing agencies, the total estimated cost of the project is $80.5 million.
Under the Rooftop Solar Aggregation and Virtual Net Metering Project, two state-owned utilities — Electricity Distribution Lanka (Private) Limited and Lanka Electricity Company (Private) Limited — will introduce a scalable model to collect electricity generated from large rooftop solar installations and allocate the benefits virtually among eligible consumers.
The initiative will allow consumers to access solar power benefits without having to install individual rooftop solar systems.
ADB Country Director for Sri Lanka Shannon Cowlin said the project would broaden access to affordable renewable energy while strengthening the resilience and inclusiveness of the country’s power sector.
She said the initiative would also support grid modernisation and digital transformation, while creating employment opportunities and encouraging greater participation of women and youth in the clean energy sector.
The project is expected to benefit micro, small and medium enterprises and community organisations that face financial or space constraints in installing their own rooftop solar systems. Through a social compensation mechanism, eligible groups will receive reductions in electricity costs under the virtual net metering system.
The programme will support around 25 megawatt-peak of rooftop solar capacity while strengthening distribution networks, improving digital capabilities and preparing the national grid to accommodate higher levels of distributed renewable energy.
A dedicated training facility will also be established under the project to develop green skills, enhance women’s participation in the sector and build technical expertise in advanced low-carbon technologies.
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Bond scam case against Mahendran, Ravi K fixed for July 22
The Colombo High Court on Friday ordered that proceedings in the case filed against 11 defendants, including former Central Bank Governor Arjuna Mahendran and former Finance Minister Ravi Karunanayake, over alleged irregularities in the Central Bank bond auction be taken up again on July 22.
The case was called before Colombo High Court Judge Manjula Thilakaratne, who informed court that the Trial-at-Bar bench appointed to hear the matter had not been properly constituted.
Accordingly, the judge directed that the case be recalled on July 22 for further proceedings.
The Attorney General has filed indictments under the Public Property Act against 11 accused, including Mahendran, Karunanayake, Perpetual Treasuries Limited and its directors Arjun Aloysius and Geoffrey Aloysius.
The accused have been charged over alleged irregularities connected to a Treasury bond auction conducted by the Central Bank in March 2016.
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