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FSP sees something sinister in President attempting to simplify rules and regulations

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By Rathindra Kuruwita

The commission appointed by President Gotabaya Rajapaksa purportedly to simplify existing laws and regulations was his latest attempt to neutralise institutions that acted as a countervailing force against the state and private actors, Frontline Socialist Party (FSP) Education Secretary Pubudu Jayagoda told The Island yesterday.

Jayagoda said such action will have a devastating impact on the general public.

“This commission headed by Adviser to the President Lalith Weeratunga and Chairman of John Keells Group Krishan Balendra has a lot of private sector people as members. The government is determined to allow the private sector to maximise profit at the expense of the people and the environment.”

The FSP Education Secretary said that this commission should not be taken in isolation. The vision of President Rajapaksa is one of deregulation and weakening of social contracts and ethics that prevent individuals from doing things that are harmful to the society.

“Former British Prime Minister and arch neoliberal Margaret Thatcher said that there was no such thing as society and that there were only individual men and women. The current President seems to have been cut from the same cloth.

“At the Cabinet meeting on 21 December 2020, there was a discussion on the role of various regulatory institutions, from the Geological Survey and Mines Bureau (GSMB) to the Public Utilities Commission of Sri Lanka (PUCSL). The President was reportedly of the view that these institutions stalled development. No one said a word against it.”

A few days later the PUCSL was scrapped by a letter signed by Secretary to the President, P.B. Jayasundera.”

The FSP Education Secretary said that the PUCSL had been established by an act of Parliament, which alone could dissolve it. To overcome that obstacle the government later asked the Commission members to resign.

“Soon, there will be no one to regulate the power sector, etc., and the sky will be the limit for crooked companies hell bent on profit maximisations.

Soon after the President came into power, and a new Cabinet was appointed, they said there was no need to get permits to transport granite, soil and sand. When many objected, the government said permits would be issued, but Police won’t check. How absurd! Later, the government backtracked due to pressure but in the 2021 budget proposals, it came up with a proposal to hand over the power of issuing extracting permits to an entity appointed by the President.”

Jayagoda said that currently, before allowing anyone to extract granite, sand, soil, etc., the GSMB first had to examine the site and approve it. Then the Central Environment Authority (CEA) examines the environmental aspect and the Divisional Secretary and the Grama Niladari look at social and administration issues of allowing the project.

“Now, all powers will be given an entity appointed by the President. This is not the end of this. At the Cabinet meeting I mentioned earlier, they spoke about scrapping or weakening all regulatory bodies, including the Consumer Affairs Authority (CAA.) Yes, there are complaints that commissions that are there to protect people and their rights are inefficient. Successive governments have also promoted this idea that there is no point in even complaining. If these institutions are inefficient, they should be made better. They must not be done away with under any circumstances.



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China pledges continued support for Sri Lanka’s Sovereignty, Territorial Integrity, and Independence – Chairman of the Standing Committee of the National People’s Congress of China

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Zhao Leji, Chairman of the Standing Committee of the National People’s Congress of China, stated that China is committed to supporting Sri Lanka’s sovereignty, territorial integrity, and independence.

This statement was made during a meeting between President Anura Kumar Disanayake and Zhao Leji, which took place earlier today (16) as part of President Disanayake’s four-day official visit to China.

During the meeting, Chairman Zhao warmly welcomed President Disanayake, further emphasizing that working with Sri Lanka in a continuous and cooperative manner is a key expectation of the Chinese National People’s Congress.

Minister of Foreign Affairs, Foreign Employment, and Tourism, Vijitha Herath; Minister of Transport, Highways, Ports, and Civil Aviation, Bimal Rathnayake; Chinese Ambassador to Sri Lanka, Qi Zhenhong; and Sri Lankan Ambassador to China, Majintha Jayasinghe, were also present at the event.

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$3.7 billion foreign direct investment secured during President’s first state visit to China

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During President Anura Kumara Disanayake’s four-day state visit to China, Sri Lanka marked a significant milestone by securing the largest foreign direct investment to date. This significant achievement was formalized this morning (16) with the signing of an agreement between Sri Lanka’s Ministry of Energy and Sinopec, a leading Chinese international petroleum corporation.

Under this $3.7 billion investment, a state-of-the-art oil refinery with a capacity of 200,000 barrels will be constructed in the Hambantota region. A substantial portion of the refinery’s output is planned for export, further enhancing the nation’s foreign exchange earnings.

This major investment from China is expected to bolster Sri Lanka’s economic growth while uplifting the livelihoods of low-income communities in the Hambantota area. Moreover, the benefits of this project are anticipated to positively impact the overall Sri Lankan population in the near future.

Minister of Foreign Affairs, Labour and Tourism Vijitha Herath, Minister of Transport, Highways, Ports and Civil Aviation Bimal Rathnayake and Director General of Government Information H. S. K. J. Bandara, alongside other dignitaries were present when the agreement was signed.

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President meets Chinese Investors

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President Anura Kumara Disanayake extended an invitation to Chinese investors to explore investment opportunities in Sri Lanka, emphasizing the nation’s stable governance and transparent economy.

He made these remarks as the keynote speaker at the “Investment Forum” held today (16), jointly organized by Chinese state and private enterprises.

The forum was a significant event during President Disanayake’s third day of his four-day state visit to China, undertaken at the invitation of Chinese President Xi Jinping.

Prominent Chinese corporations, including China Tianying Inc. (CNTY), China Harbour Engineering Company Ltd., China Communications Construction Company Ltd., China Petrochemical Corporation (SINOPEC Group), Metallurgical Corporation of China Ltd., China Civil Engineering Construction Corporation (CCECC), China Energy International Group Company Ltd., Guangzhou Public Transport Group and Huawei BYD Auto participated in the event.

President Disanayake also engaged in cordial discussions with the leadership of these corporations.

The forum was attended by Sri Lanka’s Minister of Foreign Affairs, Foreign Employment, and Tourism Vijitha Herath, Minister of Transport, Highways, Ports, and Civil Aviation, Bimal Rathnayake, Chinese Ambassador to Sri Lanka Qi Zhenhong, and Sri Lankan Ambassador to China Majintha Jayasinghe, among others.

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