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Economic meltdown: Mujibur says Prez should resign

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By Shamindra Ferdinando

Top Samagi Jana Balavegaya spokesman Mujibur Rahman yesterday (29) said that having publicly admitted that his failure to address economic issues in a prudent manner had led to the current crisis, President Gotabaya Rajapaksa had no moral right to remain in office.

The Colombo District lawmaker told the media at the Opposition Leader’s Office that it wouldn’t be fair under any circumstances to continue the remaining period in office as he didn’t want to quit as a failure.

MP Rahman explained why the SJB would step up campaign against the President against the backdrop of the country acknowledging bankruptcy.

Referring to the then Finance Minister Ali Sabry’s recent declaration on a Swarnavahini interview that the President’s economic advisors, Treasury Secretary and the Governor of the Central Bank misled both him and the Cabinet of Ministers with regard to the economic environment, MP Rahman asked what action the government intended to take against them.

MP Rahman said that the entire Cabinet of Ministers, including the President should have resigned on May 19, 2022, the day the incumbent Central Bank Governor Dr. Nandalal Weerasinghe announced Sri Lanka wouldn’t be able to pay back its debts until it restructured them. Had that happened, a truly interim administration would have been able to address the issues in hand, MP Rahman said.

Responding to another query, lawmaker Rahman emphasized that there couldn’t be any uncertainty as regards the culpability for the ruination of the economy. Recent disclosures made at parliamentary watchdog committees, particularly the Committee on Public Enterprises (COPE) could be the basis for punitive action against former presidential secretary Dr. P.B. Jayasundera (Nov 2019-Dec 2021), former Central Bank Governors, Prof. W.D. Lakshman (Nov 2019-Sept 2020) and Ajith Nivard Cabraal (Sept 2020 to March 2022) and former Treasury Secretary S.R. Attygalle (Nov 2019 to April 2022). The MP pointed out that the five-member Monetary Board, too, had been exposed and it would be the government’s responsibility to inquire into the happenings since 2019.

MP Rahman challenged the government to explain how it intended to address the contentious issue of accountability. The former UNPer said that the parliamentary watchdog committees headed by SLPP members had given enough ammunition to sink the government. The lawmaker explained how the COPE proceedings had helped the Parliament to establish the truth regarding the primary reason for the current crisis. Dr. PBJ had been named as the one who decided to turn down the IMF call to restructure Sri Lanka’s debt if the government intended to secure its assistance, MP Rahman said, stressing on the responsibility of the Parliament to act on the information elicited at watchdog committee meetings.

Rahman asked the government to act on House findings without further delay.



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INS GHARIAL makes port call in Colombo

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The Indian Naval Ship (INS) GHARIAL made a port call in Colombo for operational turnarounds on 04 Feb 26. The Sri Lanka Navy welcomed the visiting ship in compliance with naval traditions.

Commanded by Commander Gaurav Tewari, INS GHARIAL is a vessel with a length of 124.8 meters.

During this visit, ten (10) Bailey Bridges, brought by ship, through the coordination of the High Commission of India in Sri Lanka, will be handed over to the Disaster Management Center. These bridges will provide temporary transportation links while bridges damaged across the island by adverse weather conditions are repaired.

The crew’s itinerary features scheduled goodwill activities with the Sri Lanka Navy, alongside visits to several tourist attractions across the island.

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Speaker’s personal secretary accused of interference with ongoing bribery investigation

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Harshana

SJB Gampaha District MP Harshana Rajakaruna yesterday told Parliament that the Speaker’s Personal Secretary had written to the Secretary-General of Parliament seeking information on a complaint lodged with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) by a former Deputy Secretary of Parliament against the Speaker. Rajakaruna called for an immediate investigation into what he described as interference with an ongoing probe.

Raising the matter in the House, Rajakaruna said he had formally requested the Commission to initiate an inquiry into the conduct of the Speaker’s Personal Secretary, Chameera Gallage, questioning the authority under which such information had been sought.

Rajapakaruna tabled in Parliament a copy of the letter allegedly sent by Gallage to the Secretary-General requesting details of the bribery complaint.

Addressing the House, Rajakaruna said that the letter, sent two days earlier, had sought “full details” of the complaint against the Speaker. He maintained that seeking such information amounted to interference with an investigation and constituted a serious offence under the Bribery Act.

“The Speaker’s Secretary has no right to interfere with the work of the Bribery Commission. Under what law is he acting? What authority does he have? The Speaker, like everyone else, is subject to the law of the land,” Rajakaruna said, urging the Commission to take immediate action.

He noted that the Bribery Act treated the obstruction of investigations and the destruction of documents relating to such inquiries as serious offences punishable by law, and said he believed the Minister of Justice would concur.

The allegations sparked sharp reactions in the Chamber, as Opposition members called for accountability and due process in relation to the complaint against the Speaker.

By Saman Indrajith

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Govt: Average power generation cost reduced from Rs. 37 to Rs. 29

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Kumara

The Ceylon Electricity Board has managed to reduce the average cost of electricity generation from Rs. 37 per unit to Rs. 29, marking a 22 percent reduction, Minister of Power and Energy Eng. Kumara Jayakody told Parliament yesterday.

Responding to an oral question raised by Opposition MP Ravi Karunanayake, the Minister said that electricity tariffs cannot be reduced unless the cost of generation is brought down.

“You cannot reduce electricity tariffs without reducing the cost of generation. What we are currently doing is buying at a higher price and selling at a lower price. When we assumed office, the cost of purchasing and generating electricity was Rs. 37 per unit. We have now managed to bring it down to Rs. 29, a reduction of 22 percent.

Our target is to further reduce this to Rs. 25. Once that is achieved, we will reduce electricity tariffs by 30 percent within three years, as we promised,” Minister Jayakody said.

He added that the government has already formulated a long-term generation plan to further expand the country’s power generation capacity.

According to the Minister, key measures include increasing the absorption of renewable energy into the national grid, expanding the national transmission and distribution network, introducing renewable energy storage systems, and constructing thermal and liquefied natural gas (LNG) power plants to replace aging facilities and meet future demand.

He also said that steps would be taken to enhance the capacity of existing hydropower plants as part of the broader strategy to ensure energy security and reduce long-term electricity costs.

By Ifham Nizam

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