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Over Rs 3.3 bn wasted: BoI unions urge govt. to act on COPE revelations

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COPE session in progress (pic courtesy Parliament)

SLPP, SJB and UNP workers unite

The government cannot turn a blind eye to the Committee on Public Enterprises (COPE) disclosure of waste, corruption and irregularities at Sri Lanka’s premier investment agency, trade union sources say.

The Communication Department of Parliament Thursday afternoon issued a damning report on the Board of Investment (BoI) following a meeting the parliamentary watchdog committee had with the BOI’s top management headed by its Chairman Sanjaya Mohottala on the same day.

The COPE underscored the urgent need to take remedial measures, a senior spokesperson for the Progressive Workers’ Union Commercial and Industrial Services told The Island yesterday (12).

In spite of making representations to the government at the highest level, the union affiliated to the Sri Lanka Podujana Peramuna (SLPP) couldn’t prompt immediate intervention, the union official said.

According to him, altogether six trade unions including those affiliated to the SLPP, Samagi Jana Balavegaya (SJB) and the United National Party (UNP) have pledged their support at a meeting held on Sept 19.

The BoI comes under President Gotabaya Rajapaksa whereas State Minister D.V. Chanaka is responsible for site development.

Trade Unions representing the BoI recently discussed ways and means to address the embarrassing profligacy at the state agency, relating to various projects, sources said. The COPE exposure couldn’t have come at a better time, they said.

The trade union collective called for urgent intervention pointing out that the all-party group chaired by Prof. Charitha Herath, also of the SLPP questioned the rationale in the BOI decisions to spend over Rs 3 bn on two Export Processing Zones (EPZs) at Milleniya and Bingiriya, under controversial circumstances.

COPE should act on its findings, the trade unions said, urging political parties represented in the watchdog committee to push for remedial measures, the trade union collective said. However, they expressed concern over the government ignoring the important Parliamentary Committee’s findings.

Trade unions said that the report issued by the Communications Department of the Parliament hadn’t dealt with some crucial matters, though from time to time they took up contentious issues with the government. Referring to the recent recruitment of 29 management level persons at a much higher salary scale at a monthly cost of Rs 20 mn and allocation of about Rs. 76 mn to refurbish available offices at the World Trade Centre for the newcomers’ use, trade unions alleged even the basic infrastructure development and repairs had been neglected.

The trade unions also questioned the outsourcing of work currently undertaken by the BoI to outsiders at a very heavy cost to the state enterprise. As part of their overall strategy, the unions have launched a campaign to educate the BoI workers of the developments and what they alleged were attempts to enter into agreements with private organisations for the benefit of the latter.

Trade unions pointed out that unlike many other state enterprises, the BoI hadn’t asked for Treasury assistance as it was financially stable. But, relentless and reckless spending could cause a catastrophe, trade unions said, calling for urgent action.

They also alleged manipulation of the cabinet of ministers by those managing the BoI now.



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Gnanasara Thera urged to reveal masterminds behind Easter Sunday terror attacks

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Religious and civil society leaders have called upon Ven. Galagodatte Gnanasara Thera to share whatever information he claims to possess with regard to the Easter Sunday terror attacks and their masterminds.

Addressing the media at the Centre for Society and Religion in Colombo, Lawyer Manoj Nanayakkara said Ven. Gnanasara Thera claimed to have information related to the terror attacks and the masterminds behind them.

“The question is why he does not go to the law enforcement agencies and share the information he claims to possess. There is no purpose in making such statements at press conferences. As a citizen, his duty is to share this information with the investigating authorities. Therefore, we believe that Gnanasara Thera is engaging in a political ploy at the behest of someone else. He should be aware that intentionally withholding information about a brutal massacre and failing to share it with the investigating authorities is an offense punishable under the Penal Code,” Nanayakkara said.

Nanayakkara mentioned that 71 months had passed since the Easter Sunday attacks, yet justice has not been served for the victims.

He called on President Anura Kumara Dissanayake to begin implementing the recommendations outlined in the Special Presidential Commission of Inquiry that investigated the Easter Sunday terror attacks, without further delay.

“We are approaching the sixth anniversary of this heinous crime, which claimed nearly 275 lives and injured twice as many others. President Dissanayake promised to conduct a fresh investigation into this crime. In the meantime, he could implement the recommendations of the Special Presidential Commission that probed the Easter Sunday terror attacks. This would demonstrate that the current government is keeping its word to deliver justice to the victims,” Nanayakkara said.

Rev. Fr. Julian Patric Perera, Rector of St. Joseph Vaz Deva Dharma Niketanaya, also addressed the press conference.

By Norman Palihawadane

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IMF asks SL to maintain reform momentum to stabilise economy

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The International Monetary Fund (IMF) says that the economic recovery is gaining momentum in Sri Lanka but it remains vulnerable, making it critical that the reform momentum be sustained to ensure that macroeconomic stability and debt sustainability are durably achieved.

Speaking during the IMF’s weekly press briefing, IMF Spokesperson Julie Kozack stated that the fourth tranche of $334 million was made available to Sri Lanka to support its economic policies and reforms, immediately after the Executive Board approved the Third Review.

“On Friday, February 28th, the IMF Executive Board approved the Third Review under the EFF (Extended Fund Facility) arrangement for Sri Lanka. And this provided the country with immediate access to $334 million of support.”

“So, yes, once the Board approved that Third Review, the $334 million was made available to Sri Lanka to support its economic policies and reforms.  And with this $334 million, it brings total financial support from the IMF to Sri Lanka to $1.34 billion”, Kozack confirmed.

Furthermore, the IMF Spokesperson said that reforms in Sri Lanka are bearing fruit and that the economic recovery is gaining momentum.

She noted that inflation remains low in Sri Lanka, revenue collection on the fiscal side is improving, and international reserves are continuing to accumulate.

Economic growth reached 5 percent in 2024, and that was after two years of economic contraction, she added, highlighting that the IMF do expect the recovery to continue in 2025.

“These are all very positive developments for Sri Lanka and for the people of Sri Lanka”, Kozack expressed.

Meanwhile, the IMF Spokesperson also mentioned: “All of this said, the economy still does remain vulnerable, and, therefore, it is critical that the reform momentum be sustained to ensure that macroeconomic stability and debt sustainability are durably achieved.”

In response to a question raised by a journalist on the IMF’s take on the proposal to list Sri Lanka’s State-Owned Enterprises (SOEs) in the Colombo Stock Exchange given that the programme also calls for extensive reforms in SEOs, Kozack denied a comment, stating, “I don’t have anything for you on that regarding the SOEs, but we’ll come back to you bilaterally.”

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Ravi K. accuses two individual of undermining UNP

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Ravi

New Democratic Front MP Ravi Karunanayake has accused two prominent members of the UNP of deliberately destabilising the party.

Speaking at a media briefing, MP Karunanayake stated that it was clear these two individuals were working to undermine the UNP.

He went on to claim that party leader Ranil Wickremesinghe had been “taken hostage,” by those individuals.

“I am currently the only member capable of presenting the UNP’s programmes in Parliament. Yet, these two members have shown us no respect, treating us like outsiders and excluding us from key decisions,” Karunanayake said.

“We are not even being informed about party meetings; this is clearly a stepmotherly treatment.”

Karunanayake further claimed that the two individuals were only focused on fighting for leadership positions within the party, such as the Chairmanship or the post of General Secretary, instead of prioritising unity and collaboration for the party’s future.

The MP also expressed concern that the actions of these individuals might be part of a larger conspiracy, questioning whether they were being orchestrated by external forces.

In response to rumours suggesting that he had approached the SJB, Karunanayake strongly denied the claims, asserting that such rumours were being spread by the two members working to undermine the UNP.

“These rumours are nothing more than attempts to discredit me, orchestrated by those who are sabotaging the party from within,” he said.

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