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Pathfinder proposes a Medium and Long-term Strategy for Economic Transformation of Sri Lanka with Indo-Japanese Collaboration

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Pathfinder Chairman Bernard Goonetilleke hands over the report. To High Commissioner Gopal Bagley. Foreign Minister Ali Sabry is also in the photo

The official launch of the Report on “A Medium and Long-term Strategy for Indo-Japanese Collaboration to Support the Economic Transformation of Sri Lanka”, prepared by the Pathfinder Foundation with the assistance of a panel of experts, was held, in Colombo, last week. Foreign Minister, Ali Sabri, was the chief guest while Indian High Commissioner Gopal Bagley, and Japanese Ambassador Mizukoshi Hideaki were also present.

The event was organized in collaboration with the International Trade Centre (ITC), Geneva and attended by representatives from several government and private sector agencies. Bernard Goonetilleke. Chairman, Pathfinder Foundation; handed the Report to Minister Ali Sabry, a Pathfinder news release said.

The report has suggested a strategic response to transforming the economy, focusing on four priority sectors in which Indo-Japanese collaboration is sought to put the country on a sustainable growth trajectory for a structural shift, it explained.

In his welcome remarks, Pathfinder Chairman Bernard Goonetilleke, while thanking all the experts who contributed to the report, highlighted that two countries – India and Japan as very close development partners of Sri Lanka, who have much to contribute to reviving Sri Lanka’s economy.

He added, “India’s interest in the welfare of the country and its people was evident in the granting of generous credit and other facilities amounting to almost 4.0 billion US dollars in the recent past to overcome the economic crisis. Likewise, Japan has been a country which had generously provided economic support going back many decades”.

Foreign Minister Sabry highlighted some important points for consideration. He urged all think tanks, such as Pathfinder Foundation, to look into areas a typical politician would not comprehend and push for necessary changes. He also reiterated that a politician should have the humility to listen and learn from experts on the subject, encouraging think tanks to engage with the public and share populist policies.

High Commissioner Bagley pointed out that Sri Lanka occupies a unique place in India’s foreign policy mainly due to India’s neighbourhood-first policy. He added that India stands ready to assist Sri Lanka in overcoming the current economic crisis. Ambassador Hideaki also expressed his sincere hope that this year will be the beginning of an economic revival providing a springboard for future development for Sri Lanka. He also mentioned that Japan had been a long-standing partner in Sri Lanka’s socioeconomic development.

Before the report’s launch, Dr. Dayaratna Silva, Executive Director of the Pathfinder Foundation, introduced the 120-page report explaining its main thrust and the rationale for sector selection as the key drivers for structural transformation of the economy. Sector experts made presentations at the technical sessions covering the role of the four sectors in transforming the economy, existing policy framework gaps, and key recommendations for triangular cooperation.

The topic of session one was Low–Carbon Power Generation, which discussed renewable energy, LNG and the utility of grid – connectivity between Sri Lanka and India. The lead speaker of the session, Eng. Gamini Senanayake provided important perspectives on the subject. The second session covered the Development of Trincomalee as an Energy Hub, presented by Mr. T.F. Nimal Perera and Prof. I. M Dharmadasa who joined the event via Zoom and contributed his ideas on the future of green energy and issues relating to the proposed nuclear power generation in Sri Lanka.

Technical sessions continued with Mr. Rohan Masakorala and Dr. Dimantha De Silva (via Zoom) explaining their recommendation on the Logistics and Connectivity sector, which included ports, railways, airports, and ferry transportation. The final session included valuable insights on Education by Prof. Siri Hettige, followed by recommendations for the Tourism sector by industry experts Dr. Vipula Wanigasekara and Dr. Malraj Kiriella. The technical sessions concluded with Eng. Sena Peiris and Mr. Nihal Cooray, speaking on an important topic of “Training and skills development”.



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Rs 1. 3 bn yahapalana building deal under investigation

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Jayasinghe building

Several ex-Cabinet ministers questioned; Ranil, Sajith, too likely to be summoned

The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has initiated an inquiry into the shifting of the Agriculture Ministry situated at Rajamalwatte, to a building belonging to the D. P. Jayasinghe Group of Companies, at Rajagiriya, during the Yahapalana government.

The building was rented for a five-year period at a cost of over Rs 1 bn by the yahapalana government within months after the then President Maithripala Sirisena declared opened the 10-storey building complex.

The CIABOC yesterday morning recorded former yahapalana minister Gayantha Karunatilleke’s statement in connection with the investigation. Later in the day, CIABOC recorded the statement of SJB General Secretary Ranjith Maddumabanadara. Earlier CIABOC summoned former ministers Thalatha Atukorale, Wajira Abeywardena and Lakshman Kiriella. At the time of the finalisation of the deal, KIriella was in the UNP.

Sources said that former PM and President Ranil Wickremesinghe, too, was likely to be questioned in this regard. Responding to The Island queries, sources pointed out even SJB leader Sajith Premadasa was expected to be questioned.

The then Speaker Karu Jayasuriya is on record as having said that the building was rented in keeping with a decision taken by the government and not Parliament.

The UNP-SLFP coalition shifted the Agriculture Ministry to accommodate 16 Sectoral Oversight Committees therein.

Although the government paid as much as Rs. 21.5 mn monthly rent to D.P.A. Jayasinghe Company, the Agriculture Ministry failed to move in for over a year. The then Agriculture Minister Duminda Dissanayake sought Cabinet approval on Dec 1, 2015 to rent the building.

According to inquiries conducted earlier by the Presidential Commission appointed to probe state sector corruption, the Agriculture Ministry sought Cabinet approval for a new building after the then Prime Minister Wickremesinghe submitted a cabinet proposal on 21 September, 2015, to use the Agriculture Ministry building for Parliament’s sectoral oversight committees.

PM Wickremesinghe’s Secretary Saman Ekanayake has told the Commission that public funds could have been saved if the several vacant floors of Suhurupaya belonging to the Defence Ministry had been made available to the Agriculture Ministry.

By Shamindra Ferdinando ✍️

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SL Railways suffers staggering losses; more than 2/3 of rail tracks out of service

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Army personnel engaged in repairing damaged railway tracks in the Boo Oya area. Cyclone Ditwah caused extensive damage to railway tracks in several parts of the country (pic courtesy Army)

Railway sources said that the damages caused to railway tracks could be more than USD 300 mn.

According to UNDP Rapid Crisis Assessment Sri Lanka’s railroad system, over 278 km of railways were exposed to cyclone-related flooding, including 35 railroad bridges nationwide. This figure reflects flooding only, but other hazards (such as localised debris, landslides, or damage to a single bridge) can also disrupt operations, meaning that even relatively small obstructions can render long stretches of railway non-operational. Like road exposure, railway exposure limits mobility and the capacity of affected populations to access key services and infrastructure.

At the level of divisional secretariats, Colombo and Thimbirigasyaya in Colombo District, Ja Ela in Gampaha District, as well as Mannar Town and Nanaddan in Mannar District all registered over 10 km of exposed railways each.

Commissioner-General of Essential Services B.K. Prabath Chandrakeerthi is on record as having said that only 478 kilometers of Sri Lanka’s 1,593-km railway network were currently usable following extensive damage caused by the recent cyclone.

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US, SL advancing free, open, and resilient Indo-Pacific region: Embassy

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Allison Hooker

Under Secretary of State for Political Affairs Allison Hooker arrived in Colombo yesterday (11) to underscore US interest in defence, trade and maritime security in line with their Indo-Pacific strategy.

The US embassy here issued the following statement: “Under Secretary Hooker will meet with Sri Lankan counterparts to discuss a wide range of bilateral issues, focused on deepening economic and commercial ties, strengthening defence cooperation, and supporting Sri Lanka’s economic and maritime sovereignty.

The United States and Sri Lanka share a strong and enduring partnership rooted in our mutual commitment to regional security, economic growth, and prosperity for our peoples. Through close cooperation on defence, trade, and maritime security, we are working together to advance a free, open, and resilient Indo-Pacific region.

As we continue to build on our strategic partnership, the United States also stands with the people of Sri Lanka as they respond to the devastating impacts of Cyclone Ditwah. We remain committed to working together to address both immediate challenges and long-term opportunities for our two nations, reflecting our ongoing commitment to the U.S.-Sri Lanka partnership.”

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