News
Opposition alleges govt. conspiracy to oust CB Governor
By Saman Indrajith
The government was conspiring to remove Dr. Nandalal Weerasinghe as the Governor of the Central Bank and replace him with a henchman of the government, Opposition Leader, Sajith Premadasa told Parliament, yesterday.Premadasa said that on Wednesday, Dr. Weerasinghe had been asked to make a presentation in parliament on the state of the economy.
“There must be some kind of agreement among ourselves about the direction the economy should take. However, what is more important is to have an agreement among the President, the Prime Minister, the government and the Governor of the Central Bank. During that presentation, we saw that a lot of government MPs were making various insinuations about the Governor,” Premadasa said.
The Opposition Leader said that former President Gotabaya Rajapaksa had requested Dr. Weerasinghe to take over as the Governor of the Central Bank.
“Dr. Weerasinghe didn’t ask for the job. We asked a man who was living well in Australia to come and help us. Both Dr. Indrajit Coomaraswamy and Dr. Weerasinghe are ideal for the job. This was the right choice. The Secretary to the Ministry of Finance is also good. However, now some elements are using a few MPs to make various accusations against Dr. Weerasinghe. They are saying Dr. Weerasinghe is a dual citizen. On Thursday, a MP took 20 minutes of the time allocated for the government and insinuated that Dr. Weerasinghe was the reason why Sri Lanka went bankrupt. Of course, the accusation was not made directly,” the Opposition Leader said.
Premadasa said such utterances were a part of a concerted conspiracy to slander Dr. Weerasinghe. He warned that this was a bad omen and Dr. Weerasinghe’s departure would have a devastating impact on the country.
“The government talks about the need to start an all-party government. Its MPs accuse the opposition of playing politics. However, when we see what the government is up to. They are trying to send Dr. Weerasinghe back to Australia and appoint a henchman. Because of things like this, we can’t even imagine forming an all-party government with you,” he said.
During the meeting with Dr. Weerasinghe, the government MPs did not allow SJB MPs, Lakshman Kiriella and Dr. Harsha de Silva to ask questions, the Opposition Leader said.
“The MPs were behaving like hooligans. Dr. de Silva left the meeting. We were embarrassed. Don’t try to get rid of Dr. Weerasinghe through conspiracies. Don’t try to deny this. To rebuild the country, there needs to be some consensus within the government,” he said.
Meanwhile, former Minister of Finance Mohammad Ali Sabry said that he had been made the Finance Minister at a time when no one was willing to take up the job. He said that it was under his tenure that the negotiations with the IMF had started.
“At that time, we had to decide whether to spend everything we had on paying off foreign debts or spend the little we had on providing basic necessities to the people. The decision was taken after discussing with all. I was the finance Minister then. When the Central bank suggested we default, I spoke with the then President twice. We spoke to experts, local and foreign. I also spoke to Dr. Harsha de Silva . We had to pay 200 million US dollars. The Treasury had 37,000 dollars. We had to pay 500 million dollars to pay for essentials. Are we paying for essentials or are we servicing debt? I am willing to take responsibility,” he said.
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AKD warns of far reaching economic consequences of Middle East war
President Anura Kumara Dissanayake yesterday called for an immediate and peaceful resolution of the escalating Middle East conflict, warning that the crisis could have far-reaching repercussions on the global economy, including Sri Lanka.
Addressing Parliament, the President stressed that no military conflict benefited humanity, particularly at a time when destructive military technologies were rapidly advancing.
“Any military conflict does not create a favourable situation for any group of people,” he said, urging all parties to make urgent commitments towards peace. “As Sri Lanka, our position is that all parties involved in this war must, as soon as possible, take steps toward a peaceful world.”
He cautioned that Sri Lanka could not remain insulated from the fallout from the conflict, noting that disruptions to global oil and gas supplies, threats to migrant workers in the Middle East, and potential shocks to tourism, remittances, shipping and aviation were real concerns.
A national programme was being formulated to mitigate the impact, he said, adding that its success would hinge on broader international efforts to restore stability, the President said.
Acknowledging public anxiety shaped by past economic hardships, President Dissanayake said social stability could not be ensured through rhetoric alone but required tangible guarantees that citizens would not face another crisis.
While noting that the government had successfully navigated multiple challenges since assuming office, he described the Middle East situation as distinct due to the uncertainty surrounding its duration and outcome.
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“The primary responsibility for finding a path out of the crisis rests with the Government,” he said, calling on Parliament and the public to collectively confront the challenge under a unified national plan.
Providing a detailed account of the country’s energy reserves, the President said storage capacity rather than supply remained the key constraint. Excluding the Indian Oil Corporation tanks in Trincomalee, total storage capacity at Kolonnawa and Muthurajawela stands at approximately 150,000 metric tons.
Diesel stocks were currently sufficient for 33 days, with refining contributing around 1,800 metric tons daily. Petrol reserves will last 27 days, with a 35,000 metric ton shipment due on March 7 or 8 expected to extend availability to around 40 days.
Aviation fuel stocks are adequate for 49 days, supported by both daily refining and imports. Scheduled shipments include vessels from RM Parks on March 14, Sinopec on March 17, IOC on March 21 and the Ceylon Petroleum Corporation on March 28.
Crude oil supplies were sufficient to operate the refinery for 26 days, with an additional shipment expected to extend operations by a further 18 days, the President said.
“Because of this, there is no crisis regarding oil,” the President assured Parliament.
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