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May Day should have been used to address economic crisis – DEW
by Shamindra Ferdinando
Former General Secretary of the Communist Party, Dew Gunasekera, yesterday (02) found fault with political parties, represented in Parliament, for failing to address the rapidly developing political-economic-social crisis at their May Day rallies.
The participation of genuine workers seemed to be almost nil, the former cabinet minister said, adding that May Day rallies, held in Colombo and Kandy, reflected further decay in the political party system.
Both the government and the Opposition should be ashamed of their pathetic response to the growing challenge, the former lawmaker declared, alleging main May Day speeches reflected the shoddy handling of the worst economic crisis by Parliament, regardless of its responsibility on public finance.
Almost a year after UNP leader Ranil Wickremesinghe accepted the premiership and subsequently the finance portfolio, the government was yet to address fundamental challenges, the former CP leader said.
Having first entered Parliament, in 2004, Gunasekera resigned from the post of CP General Secretary, in late August 2020.
The veteran politician said that political parties could have used this year’s May Day to emphasize the gravity of the situation thereby preparing the population to face the deepening crisis. Instead, all of them engaged in meaningless rhetoric, the ex-MP said, adding that he was quite surprised by how such useless propaganda received prime time television coverage as well as covered by Sinhala, Tamil and English print media.
Commenting on this year’s UNP’s May Day vow to achieve status as a developed country, by 2048, the former minister said that the public wouldn’t be deceived by such rhetoric, under present circumstances.
The UNP leadership should realize that the much touted export economy status hadn’t been achieved and the changing global order would make it impossible for us to reverse the situation with the latest IMF intervention, the former National List MP warned.
Referring to as much as USD 12 bn International Sovereign Bonds (ISBs), obtained during UNP-led Yahapalana administration (2015-2019), the UNP and the breakaway UNP faction, the Samagi Jana Balawegaya (SJB), couldn’t absolve themselves of the responsibility for the current crisis.
The former MP pointed out that of over USD 15 bn in ISBs obtained by Sri Lanka, USD 12.5 bn were taken at high interest rates.
Gunasekera noted that while President Wickremesinghe addressed the UNP meeting, at the Sugathadasa International Indoor Stadium, via zoom technology, Prime Minister Dinesh Gunawardena joined the SLPP rally held with the participation of former PM Mahinda Rajapaksa at Campbell Park, Borella. SLPP strategist Basil Rajapaksa, too, attended the rally.
The former CP General Secretary said that the Wickremesinghe-Rajapaksa government was yet to educate the public of the severity of the crisis. Instead, USD 2.9, promised by the IMF, over a period of 48 months, was being touted as a panacea for all our ills, the outspoken one-time COPE (Committee on Public Enterprises) Chairman said.
“At least after we accepted, officially, our inability to service international debt in April 2022, Parliament should have made a realistic re-assessment after consulting the Central Bank and the Monetary Board. Unfortunately, Parliament seems to have failed its primary responsibility,” the CP man said, urging the government to take remedial measures, without further delay, or face the consequences.
The political veteran said that Sri Lanka should take into consideration critically important global developments, such as Saudi Arabia-China opening a new chapter in their relationship, as US wanes in the Middle East. The recent Saudi involvement in the political and security bloc Shanghai Corporation, that includes both China and Russia, should be an eye opener for Sri Lanka decision-makers, the former Minister said.
The respected political analyst urged political parties, represented in Parliament, to study developments, pertaining to BRICS – a group of nations that depicted themselves as global south, and an alternative to G7.
The ex-lawmaker asserted that our political parties were kind of lost in global developments as countries realigned themselves against the backdrop of waning US influence and the continuing war in Ukraine. “I do not think our pundits at least bother to peruse reports on the continuing crisis in the US banking system. The recent seizure of First Republic Bank, by regulators, and the transferring of control to JP Morgan Chase, underscored the risks involved,” he said.
US media reported yesterday that the First Republic Bank failed to recover, in spite of receiving USD 30 bn lifeline from nearly a dozen banks. It is the third big US bank to collapse in recent weeks.
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Our focus is on economic stability through fiscal discipline, sustainable debt management, and reforms that enhance productivity and growth – PM
Prime Minister Dr. Harini Amarasuriya participated in the South Asia Regional Conference of the World Federation of Consuls (FICAC) 2026 held on 2nd of February at the Cinnamon Life, Colombo. The conference is hosted by the Association of Consuls in Sri Lanka and the World Federation of Consuls.
The conference held from 1st to 4th of February, brings together diplomats, business leaders, and policymakers to strengthen regional cooperation and explore new avenues for sustainable development across South Asia.
Addressing the event, the Prime Minister noted that selection of Sri Lanka as the venue for this conference holds particular significance at a time when the Government is working closely with international partners to position Sri Lanka as a credible and reliable region.
The Prime Minister also drew attention to Sri Lanka’s vulnerability against climate change, citing the recent impact of Cyclone Ditwah, and commended the support extended to Sri Lanka by the international partners. The Prime Minister emphasized that climate change requires global cooperation, shared responsibility, and innovative solutions.
She further highlighted ongoing efforts to improve public sector efficiency, transparency, and accountability, promote national unity and respect for diversity, and advance digital governance to enhance service delivery and public trust.
The Prime Minister stated,
“The Government of Sri Lanka is committed to addressing economic, social, and environmental challenges through a clear policy framework. Our focus is on economic stability through fiscal discipline, sustainable debt management, and reforms that enhance productivity and growth. At the same time, we are strengthening social welfare programs to support the most vulnerable”.
Addressing at the event, Minister of Foreign Affairs, Foreign Employment and Tourism MP Vijitha Herath also stated that, the government is committed to recognizing Sri Lanka as a sustainable tourism hotspot in the global platform while positioning Sri Lanka as a stable and reliable international partner.
The event was attended by the Deputy Minister of Foreign Affairs and Foreign Employment Arun Hemachandra, FICAC President Nikolaos K. Margaropoulos, President of the Association of Consuls in Sri Lanka Mahen Kariyawasam and Diplomatic corps.

(Prime minister’s media)
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Development Officers threaten to intensify their protest
Protesting Development Officers continued their hunger strike near the Presidential Secretariat, Colombo yesterday (01), for the seventh consecutive day.The protesters, who are members of the Lanka School Development Officers’ Association, are demanding that they be absorbed into the teacher service as they have served as teachers in state-run schools for nearly seven years.
Secretary of the Association, Viraj Manaranga, said the protesters were seeking an urgent meeting with the President. He added that a presidential aide had visited the protest site and offered to arrange for a meeting with the President on 03 Feb., but the union insisted on an earlier date. Manaranga warned that failure to grant a meeting could trigger a massive protest in Colombo today (02).
Four officers participating in the hunger strike have been hospitalised due to deteriorating health, while two more joined the fast on Saturday (31).
In a bid to raise awareness of their grievances, on 30 January a delegation of the All Island Development Officers’ Association visited Most Venerable
Warakagoda Sri Gnanarathana Thera, Mahanayake of the Asgiriya Chapter, and subsequently with the Chapter’s Registrar, Ven. Dr. Medagama Dhammananda Thera. The prelates said promises that had been made to them should be fulfilled.
The protest began on 26 January as a satyagraha, after authorities failed to respond to repeated requests to integrate the officers into the teaching service. The escalation into a fast-unto-death underscores the protesters’ frustration over the prolonged delay
by Pradeep Prasanna Samarakoon
News
Auditor General to be appointed tomorrow
The long-vacant post of Auditor General would be filled on 03 Feb., after months of controversy and delays, Minister of Transport, Highways and Urban Development Bimal Rathnayake said on Friday (31) in Kandy.
The Constitutional Council met at the Parliamentary complex on Friday to discuss the appointment but failed to reach a decision on a suitable candidate. The President had previously proposed four names on four separate occasions, all of which were rejected. The Council is now set to consider the fifth nominee.
The post has remained vacant since April 2025, following the retirement of Chulanta Wickramaratne, who served as the 41st Auditor General. More than 10 months have passed without a permanent appointment.
Sources said a female officer in the Auditor General’s Department has been nominated again, though her previous recommendation was rejected due to some allegations against her.
Meanwhile, senior audit officer Dharmapala Gammanpila, with 31 years of service and the department’s most senior official, has received backing from the Mahanayake Theras of the three Nikayas, the Maha Sangha, and several civil society groups for appointment as the 42nd Auditor General.
Sources noted that the three civil society representatives on the Constitutional Council will play a crucial role in the final decision.
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