News
Opposition has shown it lacks principles, says Johnson
Sajith Premadasa and his supporters had once again demonstrated they had no principles by discouraging foreing investors, Chief Government Whip and Highways Minister Johnston Fernando has said.
Speaking to journalists during an inspection tour to examine the progress of the construction of the Mahakithula reservoir at Polpithigama under the Wayamba Province Maha Ela project, the minister said that Sajith Premadasa and his men used to say that foreign investors would not come here as long as the present government was in power. “When tforeign investors started to come now they are playing a different tune to the effect that national assets are being sold,” the minister said.
Responding to a query on signing an agreement with a US company to develop power plants, the minister said: “Agreements have to be signed when foreign investors come to work here. Administration of a country should be efficient to act fast to complete the agreement process when an investor comes to invest. It does not matter whether the investor is Chinese, American, Indian, German or British. According to the opposition we are not able to bring in investors. Now we have brought them even while the pandemic is prevailing. We must be happy as a nation when investors come here.”
Asked to comment on the increase of gas prices and possible fuel price hike in the offing, the minister said that those price fluctuations were temporary consequences set off by the pandemic. “This situation will change in the coming weeks. We call on people to put up with these short-term changes in the market. All these problems will be solved in a few more weeks,” Minister Fernando said.
Progress of the construction of Mahakitula Reservoir was reviewed at the meeting held at Irudeniyaya in Polpitigama on Tuesday (12).
The Wayamba Maha Ela project has been mooted to supply the water required by the Wayamba farmer community to undertake cultivation in both the Yala and Maha seasons. Another aim is to fulfil the drinking water needs of the people of the Northwestern Province. Under the project a 88.96 km canal, two reservoirs with tank buds to the height of around 25 metres at Mahakirula and Mahakithula and two tunnels would be constructed to provide water to seven irrigation schemes and 326 rural tanks in Galewela, Polpitigama, Mahawa and Ehetuwewa pradeshiya sabhas at a cost of Rs 51,729 million. It is slated to be completed by the year 2024.
The total number of families that will benefit through the scheme will exceed 40,000. It would enable cultivation of over 12,000 hectares in both Yala and Maha Seasons. This will help contain the kidney disease that is spreading in the region due to the lack of pure drinking water.
Associated with Minister Fernando were Minister of Youth and Sports and Development Coordination and Monitoring and State Minister of Digital Technology and Enterprise Development Namal Rajapaksa, State Minister of Tanks, Reservoirs and Irrigation Development related to Rural Paddy Fields Anuradha Jayaratne and Kurunegala District MPs and state officials.
News
UN taking necessary steps to ensure safety of Sri Lankan peacekeepers in Lebanon
By Rathindra Kuruwita
The Sri Lankan Army was in touch with the UN about ensuring the safety of the 125 Sri Lankan peacekeepers stationed in South Lebanon, Director of Media, Major General Nilantha Premaratne told The Island yesterday (11).Premaratne confirmed that two Sri Lankan peacekeepers in Southern Lebanon had sustained minor injuries during an Israeli strike.
He said the peacekeepers had been wounded at Naqoura in Southern Lebanon, and that they were being treated at the hospital at the UN base.
Major General Premaratne said the United Nations Interim Force in Lebanon (UNIFIL) had been headquartered in Naqoura since 1978.
He said they are in touch with the UN and were taking necessary steps to ensure the safety of other Sri Lankan peacekeepers in Lebanon.
“According to our officers, there were Israeli air, tank and artillery attacks. The UN has taken all possible precautions to ensure the safety of its peacekeepers. The UN is taking care of the injured peacekeepers and I don’t think their injuries are bad enough to warrant a repatriation,” he said.
There are 11 officers and 114 other ranks as peacekeepers in Southern Lebanon, he said.
UNIFIL issued the following press release on the incident: “Recent escalation along the Blue Line is causing widespread destruction of towns and villages in south Lebanon, while rockets continue to be launched towards Israel, including civilian areas. In the past days, we have seen incursions from Israel into Lebanon in Naqoura and other areas. Israel Defense Forces (IDF) soldiers have clashed with Hizbullah elements on the ground in Lebanon.
“UNIFIL’s Naqoura headquarters and nearby positions have been repeatedly hit.
“This morning (10 October), two peacekeepers were injured after an IDF Merkava tank fired its weapon toward an observation tower at UNIFIL’s headquarters in Naqoura, directly hitting it and causing them to fall. The injuries are fortunately, this time, not serious, but they remain in hospital.
“IDF soldiers also fired on UN position (UNP) 1-31 in Labbouneh, hitting the entrance to the bunker where peacekeepers were sheltering, and damaging vehicles and a communications system. An IDF drone was observed flying inside the UN position up to the bunker entrance.
“On 9 October, IDF soldiers deliberately fired at and disabled the position’s perimeter-monitoring cameras. They also deliberately fired on UNP 1-32A in Ras Naqoura, where regular Tripartite meetings were held before the conflict began, damaging lighting and a relay station.
“We remind the IDF and all actors of their obligations to ensure the safety and security of UN personnel and property and to respect the inviolability of UN premises at all times. UNIFIL peacekeepers are present in south Lebanon to support a return to stability under Security Council mandate. Any deliberate attack on peacekeepers is a grave violation of international humanitarian law and of Security Council resolution 1701.
We are following up with the IDF on these matters.”
News
CB says country still not out of the woods
The overall stabilisation and gradual improvement of domestic macrofinancial conditions eased the pressure on balance sheets of households and institutions to some extent and thereby lessened the risks faced by the financial sector in the first half of 2024, the Central Bank of Sri Lanka (CBSL) said on Friday (11) in a statement.
Credit growth entered the positive territory, albeit lagging behind the pace of deposit growth, the CBSL said.
It said the decline in market interest rates with the accommodative monetary policy stance along with falling inflation and lower risk premia, resulted in a partial correction of interest rate anomalies, which in turn supported the gradual uptick in credit, he said.
Moreover, the tilt in financial sector exposure towards the public sector also showed signs of correction, indicating an improvement in the allocation of financial resources towards the private sector, the CBSL said.
The Central Bank observed that amidst these developments, the credit cycle progressed within the expansionary phase with the gradual widening of the credit gap. While these developments are encouraging in terms of stabilisation of the financial sector, lingering macrofinancial challenges continued to pose concerns, the CBSL said.
Diminished real income amidst elevated price levels and rigidities in the labour market continued to dampen both the demand for credit and the improvement in credit quality. Moreover, the downward rigidity in market interest rates coupled with declining yet elevated yields of Government securities also hampered the progress of financial intermediation, the CBSL said.
News
Damitha dropped by SJB from its nomination list
‘’I am going back to acting’’ – Damitha
By Norman Palihawadana
The SJB had not included actress Damitha Abeyratne in its nominations list for the Ratnapura District because the district level leadership was of the opinion that the party needed to groom a female leader from the district itself, former SJB MP and Ratnapura leader, Hesha Vithanage told journalists on Friday.
“Abeyratne is a great strength to the party at the national level. However, we felt that we need to promote a female leader from Ratnapura,” he said.
Earlier, Abeyratne arrived at the Ratnapura District Secretariat to sign nomination papers to contest the coming general elections.
However, she was informed that her name was not included on the list.Abeyratne announced on Thursday (10) that she will contest the General Election, representing SJB from the Ratnapura District.
Commenting on the incident, Abeyratne said, “I am very disappointed about politics. I had high hopes. The leader in Ratnapura is afraid of me. He is afraid that someone will surpass him. The SJB General Secretary, too, is responsible. I am going back to acting,” Abeyratne said, speaking to The Island.
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