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PB critical of import restrictions

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By Shyam Nuwan Ganewate

President’s Secretary P. B. Jayasundera yesterday said that imports should be relaxed instead of imposing restrictions, in a manner that it would not be harmful to the government policy framework.

Dr. Jayasundera, the Secretary to the Treasury at the height of the war and former top Central Banker, was responding to a query about the CBSL proposal to restrict non-essential imports.

He said he was against the policies adopted by the Central Bank.

Explaining his views on restriction of imports, Dr. Jayasundera said, the importation of certain commodities had to be restricted and one was fuel for which a price mechanism had to be adopted.

“If the government does not ration fuel to the consumer, the country will have to soon change to renewable energy,” the President’s Secretary said.

Dr. Jayasundera asked why a country which spent USD 5,000 mn annually on oil imports could not commission a number of projects to generate renewable energy.

Jayasundera said that hence a certain component of imports such as raw material would be used to re-export as finished products, the imports shouldn’t be restricted and if we are to develop our economy based on information technology, then all imports required to achieve the objective should be allowed.

“The Central Bank has to take the necessary steps for the proper management of foreign exchange reserves and win the confidence of the foreign capital market, manufacturers and specially exporters,” the one time Treasury Secretary said.

He said in the current year, it was expected to increase the exports relating to information technology to reach USD 1.7 billion and increase it further in the future.

The officials of the Central Bank and members of its Monetary Board should change the country to an export oriented economy.

Jayasundera, whose expertise had been used even by previous UNP and SLFP regimes and even by former Treasury Secretaries R. Paskaralingam  and A.S. Jayawardena during Presidents  Premadasa and Kumaratunga, said that he proposed to the central Bank to introduce a Green Financial facility of Rs. 50 billion and “we must encourage the local banks to adopt such measures”, he said.

“The Central Bank should act as a catalyst in this connection instead of attending to the day to day functions of the bank”, he said.

Dr. Jayasundera said he had sent a set of proposals to the Central Bank in that connection and believed that there would be a positive response from it.

 

 



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Canada concerned about delay in holding PC polls

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Canadian High Commissioner Isabelle Martin shaking hands with Minister Abayaratne

Canada, said to be the home to the largest Tamil Diaspora community, has expressed concern over the delay in holding Provincial Council (PC) elections. Canadian High Commissioner Isabelle Martin, on Monday (16), took up the issue with Public Administration, Provincial Councils and Local Government Minister Professor Chandana Abayaratne.

Sources quoted Prof. Abayaratne as having told the Canadian HC that the delay was not deliberate on the part of the government. The Minister blamed, what the sources called, certain legal, technical and delimitation issues for the delay.

India compelled Sri Lanka to enact the 13th Amendment to the country’s Constitution to enable the setting up of the Provincial Council system, in line with the Indo-Lanka Peace Accord, which Sri Lanka signed under duress in July 1987.

Prof. Abayaratne has assured the Canadian HC that President Anura Kumara Dissanayake, too, recognised the importance of strengthening the Provincial Council system as a solution to ethnic issues and that urgent steps would be taken in that regard.

During the discussion, matters relating to strengthening political, economic and social relations between the two countries were discussed.

In May 2020, Canada declared that Sri Lanka had perpetrated genocide during the war against the LTTE. Canada also sanctioned former Presidents Mahinda Rajapaksa and Gotabaya Rajapaksa in January 2023 over alleged war crimes.

The Canadian HC also explained her country’s ‘Indo-Pacific’ strategy and how Sri Lanka could benefit from it.

In particular, Canada’s “Pathways to Peace” project will support reconciliation between nations, and to improve communication by encouraging the learning of mutual languages as a second language, and it was also agreed to provide more opportunities for Sri Lankan students to pursue higher studies in Canada.

The Canadian delegation also expressed its willingness to provide the necessary technical assistance to solve the drinking water problems in Puttalam, Mannar and the North-Eastern provinces under technical cooperation, and to implement the relevant projects after a preliminary study.

by Shamindra Ferdinando

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Sajith briefs visiting UK Deputy PM on constitutional issues

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Sajith with David Lammy at Opposition Leader's Office, in Colombo

SJB and Opposition Leader Sajith Premadasa has briefed Deputy PM of the UK, David Lammy, on the dangers posed by the proposed Protection of the State from Terrorism Act (PSTA) and the Online Safety Act.

They met at the Office of the Leader of the Opposition, in Colombo, on Tuesday (17). Discussions focused on democratic governance, trade expansion, and bilateral humanitarian cooperation.

The British delegation included High Commissioner for Sri Lanka Andrew Patrick.

Head of the Deputy Prime Minister’s International Unit David Meyer, Special Advisor Ms. Fiona Meagher, and First Secretary (Political) Tom Soper,

According to a statement issued by the Opposition Leader’s Office, Premadasa has cautioned against what he called draconian applications of the law, specifically warning against broad definitions of terrorism that could criminalize political dissent and trade union activities. Premadasa reiterated that the judiciary, not the executive, must drive legal interpretations. Regarding online safety, while acknowledging the need to protect children, he stressed that regulations must align with UK standards and international norms without infringing on civil liberties.

The Opposition Leader welcomed the UK’s leadership as the President of the Group of States against Corruption (GRECO) and its global Anti-Kleptocracy Campaign. The SJBer highlighted the critical need for transparent institutions, noting that strengthening accountability mechanisms is central to rebuilding public trust and ensuring sustainable economic recovery in Sri Lanka.

Premadasa conveyed sincere appreciation for the UK’s “Sovereign Solidarity” following the devastation caused by Cyclone Ditwah in late 2025. He thanked the UK government for increasing its humanitarian aid package to £1 million (approx. $1.32 million) in December 2025. This funding, channelled through the Red Cross, UNOPS, and local partners, has provided: Emergency shelter and repairs for damaged homes; Clean water and sanitation facilities to prevent disease; and essential medicines and food supplies for the 1.8 million people affected.

Premadasa also proposed enhanced cooperation in protecting Sri Lanka’s wild elephant population and addressing the growing human–elephant conflict. He emphasised the need for sustainable conservation strategies, scientific land-use planning, community protection measures, and international technical support to safeguard biodiversity while ensuring the safety and livelihoods of rural communities affected by human–elephant interactions.

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Pathfinder houses Read Japan Project

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Ambassador of Japan to Sri Lanka, Akio Isomata, handed over the READ JAPAN Project document to Milinda Moragoda Founder of the Pathfinder Foundation. K Balasundaram, CEO, MMBL-Pathfinder Group, was also present at the event.

The Pathfinder Foundation has established the Entsuji Room, a Japan-themed space at its headquarters at Riverpoint, Peliyagoda, as the first step toward setting up a Japan Studies Centre.

The Entsuji Room will house an important collection of books on Japan, donated under the READ JAPAN Project, administered by the Tokyo Foundation and financed by the Nippon Foundation, under the leadership of Yohei Sasakawa.

The collection was formally presented by the Ambassador of Japan to Sri Lanka, Akio Isomata, at a ceremony held yesterday (18) at Pathfinder Headquarters, at Riverpoint, and received by Milinda Moragoda, Founder of the Pathfinder Foundation.

The establishment of the Entsuji Room marks a significant step in strengthening intellectual and cultural engagement between Sri Lanka and Japan.

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