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May Day should have been used to address economic crisis – DEW

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Dew Gunasekera

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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Sun directly overhead Chilaw, Bingiriya, Halmillawewa, Panduwasnuwara, Gokarella, Kawudupelella, Koppaveli and Kirankulam about 12:12 noon. today (09)

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On the apparent northward relative motion of the sun, it is going to be directly over the latitudes of Sri Lanka from the 05th to 15th of April  this year.

The nearest areas of Sri Lanka over which the sun is overhead today (09th) are Chilaw, Bingiriya, Halmillawewa, Panduwasnuwara, Gokarella, Kawudupelella, Koppaveli and Kirankulam about 12:12 noon.

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Heat Index at Caution Level in the  Western, Sabaragamuwa, Southern, Eastern, North-western, Northern and North-central provinces and in Monaragala district

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Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 4.30 p.m. on 08 April 2026, valid for 09 April 2026.

The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the  Western, Sabaragamuwa, Southern, Eastern, North-western, Northern and North-central provinces and in Monaragala district.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.


Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry
of Health in this regard as well. For further clarifications please contact 011-7446491.

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AG: Coal procurement full of irregularities

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AG S. Jayarathne

The Auditor General has warned that delays in coal procurement and continued reliance on suppliers of questionable standards could disrupt the supply of electricity.

The special audit report on coal imports was presented to Parliament on Tuesday (07) by Bimal Ratnayake, Leader of the House, at the commencement of proceedings.

However, Opposition MPs complained to Speaker Dr Jagath Wickramaratne that copies of the report had not been distributed to Members of Parliament. Responding to the complaint, the Speaker said it was the responsibility of the Parliamentary Secretariat to ensure the report was provided to MPs.

The special audit, requested by the Committee on Public Enterprises (COPE), examined the coal procurement process of the Lanka Coal Company for the Lakvijaya Power Plant and purchases planned for the 2025/2026 season.

The audit revealed several irregularities in the tender process. It found that the laboratory issuing quality reports at the loading port for the controversial supplier Trident Company had its licence cancelled. The report also disclosed that at the time advertisements were published calling for tenders,the company had not completed its registration but was awarded the tender. In addition, three other suppliers who had not confirmed their registration were allowed to submit bids.

Coal shipments for the Lakvijaya Power Plant are tested at both loading and unloading ports. According to the audit, Mitra SK South Africa had been appointed to conduct testing at the loading port, but due to the absence of accreditation the task was assigned to PT Mitra SK Analisa Testama Samarinda, an Indonesian firm whose licence had been cancelled on December 29, 2025. Auditor General S. Jayarathne has noted that the audit could not confirm whether the licence had been renewed by March 31, 2026, and that all 12 shipment reports issued at the loading port lacked accreditation.

The report has further pointed to discrepancies between loading port laboratory reports and data recorded at the plant’s main control unit. Despite the availability of alternative verification methods, the Lanka Coal Company failed to use them to confirm the accuracy of the reports.

The audit also highlighted that no coal shipments were brought to Sri Lanka between November 13 and December 30, 2025, despite the need to secure maximum stocks during that period.

As a result of the shortage, an emergency procurement was carried out on March 18 this year, selecting Taranjot Resource Pvt Ltd. as the supplier. However, the Auditor General revealed that this company had failed within the previous 36 months to supply coal with the required calorific value of 5,900 or above to the Lakvijaya Power Plant.

The report warns that delays in coal imports and dependence on suppliers with questionable standards could adversely affect the continuous supply of electricity from the plant.

The National Audit Office of Sri Lanka has further estimated that the use of substandard coal has caused losses amounting to nearly Rs. 2.24 billion.

According to the report, losses incurred from individual shipments included more than Rs. 160 million from the first vessel (consignment No. 456), over Rs. 90 million from the second vessel (No. 457), more than Rs. 310 million from the third vessel (No. 458), and over Rs. 150 million from the fourth vessel (No. 459). Additional losses included nearly Rs. 180 million from the fifth vessel (No. 460), about Rs. 30 million from the sixth vessel (No. 461), over Rs. 240 million from the seventh vessel (No. 462), more than Rs. 390 million from the eighth vessel (No. 463) and over Rs. 390 million from the tenth vessel (No. 464).

The report has also noted that because the available coal stocks cannot generate electricity at the plant’s full capacity of 300 megawatts, additional power may have to be obtained from alternative sources. The estimated additional energy requirement for this purpose is 76,354,087 kilowatt-hours, the report has pointed out.

By Saman Indrajith

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