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How come Bangladesh has $ 200 million, which Sri Lanka does not?

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PM Rajapaksa meeting Bangladeshi PM Hasina

 

By Dr Tilak Siyambalapitiya

A few weeks ago, Bangladesh told the visiting Prime Minister of Sri Lanka, about how cautious they were in getting loans. Sri Lanka has been “generous” in borrowing and building expressways with little traffic, a port with a few ships and an airport with a few planes, and a conference centre with no events. Each possibly built at double the engineers’ estimate, with money borrowed at commercial rates.

And now, the $ 200 million currency swap with Bangladesh!

The highest savings for Bangladesh have been in the electricity sector. While Sri Lanka’s leaders (2015-2019) were falling over each other, trying to divert our gas terminal tender toward their friends, Bangladesh build two gas terminals by 2020. The result: minimum use of oil to produce electricity; use cheaper imported gas for electricity and industry.

It is with great “pride” that Sri Lanka’s President in 2015 cancelled the Sampur power plant. Sampur was to be a joint venture between Sri Lanka and India. At the same time, Bangladesh was negotiating a similar power plant in a joint venture with India. While the Sri Lankan leader cancelled Sampur and ran behind oil power plant vendors, Bangladesh forged ahead with theirs, beating all odds to get their power plant built.

The name of the Bangladesh power plant is Ramphal, 1320 megawatt; it is now ready to produce electricity. Its sister power plant in Sampur Sri Lanka was killed by Sri Lankan leaders. The annual loss to Sri Lanka is about $ 500 million, to import oil to produce the same electricity. So, you now know why Sri Lanka does not have any more dollars left to buy food or vaccine. Not only this year, but for years to come.

Perhaps next year, we can borrow $ 500 million from Bangladesh to buy more oil to produce electricity at Rs 24 and to pay for that solar panel on your roof at Rs 22 per unit, which is worth only Rs 11.

And another $ 1000 million in 2022.



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A sustainable, inclusive and globally competitive tourism industry can be built through close partnerships and collaboration – PM

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The 13th Edition of Sancharaka Udawa 2026, Sri Lanka’s foremost Travel & Tourism Fair held under the patronage of Prime Minister Dr. Harini Amarasuriya at the Sirimavo Bandaranaike Memorial Exhibition Centre – BMICH, Colombo on Friday [15th May].

Organized by the Sri Lanka Association of Inbound Tour Operators (SLAITO) in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB), the exhibition was held on 15 and 16 th of May.

The exhibition brought together over 250 exhibitors and 300+ stalls with the participation of more than 100 international agents featuring in B2B meetings, panel discussions , and workshops designed to foster collaboration and knowledge-sharing.

This year’s exhibition welcomed foreign hosted buyers for the first time, creating unprecedented opportunities for local stakeholders to connect with international markets.

During the event, the Prime Minister officially opened the Exhibition Sancharaka Udawa 2026 for the public.

Addressing the occasion, the Prime Minister stated that the government’s vision is to build a sustainable, inclusive, and environmentally conscious tourism industry, while emphasizing the need for the sector to adapt to environmental, political, economic, and global challenges. The Prime Minister also highlighted the importance of positioning Sri Lanka competitively in the global tourism arena and strengthening the country’s international brand as a unique destination.

Highlighting the importance of developing human capital and capacity within the sector, the Prime Minister underscored the role of ongoing education reforms in preparing young people for future opportunities. The Prime Minister stated that reforms in education should enable young people to access multiple pathways and gain exposure to industries such as tourism. In this regard, closer collaboration between the tourism sector and educational institutions was identified as essential.

The Prime Minister also stressed the importance of strengthening domestic tourism and improving the overall tourism experience.

Emphasizing the future development of the sector, the Prime Minister noted that close partnership and collaboration between the government and the private sector are vital to achieving sustainable progress in the tourism industry.

The opening ceremony was attended by Prof. Ruwan Ranasinghe, Deputy Minister of Tourism, Prof. Anil Jayantha Fernando, Deputy Minister of Finance and Planning, Ms. Aruni Ranaraja, Secretary, Ministry of Foreign Affairs, Foreign Employment and Tourism, Nalin Jayasundera, President, SLAITO,  Buddhika Hewawasam, Chairman, SLTPB/SLTDA and representatives of Diplomatic core, agents and exhibitors.

[Prime Minister’s Media Division]

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Prof. Venerable Maha Oya Jinarathana Nayaka Thero conferred the title of Chief Sanghanayaka

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The official ceremony to present Sannas Patra to Prof. Venerable Maha Oya Jinarathana Nayaka Thero, who was conferred the title of Chief Sanghanayaka of Wellassa, Bintenne and the Eastern Three Provinces, was held on Thursday [14 of May]  at the historic Pothubandhana Rajamaha Viharaya in Bibile, with the participation of Prime Minister Dr. Harini Amarasuriya.

The ceremony was held under the patronage of the Anunayake of the Malwathu Chapter, Most Venerable Dimbulkumbure Vimaladhamma Nayaka Thero. During the ceremony Prime Minister Dr. Harini Amarasuriya presented the official Sannas Pathraya conferring the title of Chief Sanghanayaka of Wellassa, Bintenne and the Eastern Three Provinces to Prof. Venerable Maha Oya Jinarathana Nayaka Thero.

Addressing the gathering, the Prime Minister stated that the Nayaka Thero, who entered monastic life in 1982, has rendered exemplary service to Buddhism and society for over four decades, setting a model for the entire community. She noted that the contributions made by the Thero by continuing the Sri Saranankara and Sri Saddhatissa Dhamma Schools, as well as the service carried out as the Chief Prelate of the Deegavapi Pirivena, are highly commendable.

The Prime Minister further stated that the humanitarian assistance extended annually by providing educational equipment to hundreds of children is commendable and strengthens the government’s efforts towards realizing educational policies. The Prime Minister appreciated the efforts of the venerable Nayaka Thero toward the restoration of the historic Deegavapi Maha Seya and the development of other temples.

The Prime Minister also highlighted that initiatives such as the construction of a Bhikkhu ward at the Ampara Hospital demonstrate selfless dedication of the venerable Thero through actions. The Prime Minister further emphasized that religious leaders who work for the spiritual and social upliftment of the people in historically significant regions such as Wellassa and Bintenne are essential to the country, and that the conferring of this title by the Malwathu Chapter is an honour not only to the Thero but also to the people of those regions.

The occasion was graced by the presence of members of the Maha Sangha representing the three Nikayas, and attended by the Minister Samantha Viddyarathna, Deputy Minister R.M. Jayawardena, Opposition Leader Sajith Premadasa, the Governor of Uva Province, government officials, and a large gathering of devotees.

[Prime Minister’s Media Division]

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Showers will occur at times in the Western, Sabaragamuwa, Central, North-western and Northern provinces and in Anuradhapura, Galle and Matara districts

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WEATHER FORECAST FOR 16 MAY 2026
Issued at 05.30 a.m. on 16 May 2026 by the Department of Meteorology

According to the today’s latest weather analysis, the low-pressure area located northeast of  Sri Lanka, still persists. The Department of Meteorology is continuously monitoring the behavior, development and path of the system.

Due to the influence of the above system, Showers or thundershowers will occur at times and cloudy skies are expected in the Western, Sabaragamuwa, Central, North-western and Northern provinces and in Anuradhapura, Galle and Matara districts. Fairly heavy showers about 75 mm are likely at some places in these areas. Showers or thundershowers may occur at a few places in the Uva and Eastern provinces after 1.00 pm.

The general public is kindly requested to take adequate precautions to minimize damage caused by temporary localized strong winds and lightning during thundershowers.

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