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Ranil says Donoughmore Constitution was a success
Prime Minister Ranil Wickremesinghe, delivering a speech at the ‘Conference on Sri Lanka’s Twin Crisis’ held at the Sri Lanka Foundation, on Friday, said: “We based ourselves on the British Constitution. The majority has the power, the minority starts talking and shouting, that’s all. But then we changed the first-passed-the-post into a PR system. Now, you’re going to abolish the Presidency, then do you want to go back to the English system, the Westminster system, or do you want to have one in which there’s more cooperation like the old Donoughmore system, the State Council system? This is one issue that everyone has to think of.”
Excerpts of the speech: I’ve been asked to address you on Sri Lanka’s Twin Crisis. One has already started, the economic crisis in Sri Lanka. I need not go back to the past as to how we deprived ourselves of our foreign exchange, how we decided that we’d go on to do it alone and the facts were concealed not only from the public but from
Parliament, and from the members of the then government. And stemming from it is also a political crisis, the question of loss of confidence in a political system that allowed the country to go down to this level. So this is what we’re grappling with.
There’s a second crisis. The second crisis is the global impact of the Ukraine crisis. We’re only seeing the beginning of it, the increase in fuel (price). It will get much worse as it goes along. As it goes along you’d probably find that there’ll be a shortage of food.
The food shortage will go global till 2024. After all Russia and Ukraine, one is the largest producer of grain, the other is the fifth largest. You cannot import Russian grain, and in Ukraine whatever is left cannot be sent off. Their ports are closed by the Russians, and their rail track gauge is different from that of Poland. So each carriage has to be lifted and put onto the Polish track. You can’t send food out there. And many of the fields of their agricultural area are destroyed. If the war stops even tomorrow, it will take Ukraine at least three years to get its cultivation back on track. Then the rising price of fuel, the rising price of corn, again the shortage of fertilizer. So it hits the whole world. There’s a shortage of fertilizer in California, there’s a shortage of fertilizer in Brazil. How do you meet it? And there’s going to be a shortage of food. Already countries are banning the export of food. That’s the second one you have, that you’re facing.
There’s no Priority List. Even till recently different agencies were actually using the different credit lines to order what they wanted, there was no priority. If someone said ‘I want fertilizer’ that was the effort, if someone said “I want petrol’ that was there. We had to establish a Priority Order and sort of centralize the access to the foreign credit lines. So this is just a start of what we have to do. The worst is still to come. As you know there will be no food, as in our food supplies will be enough until about September- October because we didn’t have enough fertilizer either for ‘Maha’ or for ‘Yala’. Now we’re trying to get fertilizer for the next ‘Maha’ season. If we do, then we will be certainly self -sufficient by February next year. What do you do in between? As the economy fails, more and more jobs are being lost. More and more enterprises, big and small are collapsing. This is what we’re going for. A time will come when people will not eat three meals a day. They may eat two meals; that situation may come for some of our people.
We have to avoid hunger. Is there an end to it? Well, we’re talking with other nations, our friendly nations, to get help. There is light at the end of the tunnel, but we need to ensure that there are no earth slips while we go through the tunnel. That’s the problem. We cannot get through this year by ourselves. We need a few billion dollars to come from outside. Otherwise this country cannot survive. We need to reach out again to the people we rejected. The Japanese have been our friends from 1952 to date who are hurt by what happened. Which country rejects 3 billion dollars’ worth of aid, without a thank you, without even having a negotiation? Just said we don’t want it. How do you build back confidence with those people? We’re lucky that India has come forward to help us, at the hour of our need. Other countries are chipping in. China has come with assistance, but someone in the government went and negotiated a loan, a swap, which we cannot use.
So we have to get ready to go through a tough time and to change the system. Changing the system and making this export oriented, I don’t think is going to help Hiran De Silva, Chairman – Rakimu Jayathu Lanka very much. But his sons and his daughters and his grandsons and his granddaughters are going to have a new Sri Lanka. That’s what we’re working for. A Sri Lanka that is prosperous. Let this experience be our last experience with this bitter politics. Let’s think anew.
And that comes back to the Constitution. We based ourselves on the British Constitution. The majority has the power, the minority starts talking and shouting, that’s all. But then we changed the first-passed-the-post into a PR system. Now you’re going to remove the Presidency, then do you want to go back to the English system, the Westminster system or do you want to have one in which there’s more cooperation like the old Donoughmore system, the State Council system? This is one issue that everyone has to think of. I’ve given some proposals to make the Parliament work together, but that is only the beginning. So think of it and remember, that this is the beginning of a new journey. So think of it, and start traveling along.
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Oil price falls back to pre-Iran war levels
The price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes.
Global benchmark Brent crude briefly fell below $72.48 (£55) a barrel, the price it was at the day before the US and Israel launched attacks on Iran on 28 February, before edging up to $73.23.
Energy prices have been on a wild ride since Iran responded to the strikes by effectively closing the strait, a critical waterway for oil and gas shipments.
The cost of crude has been moving sharply lower since the US and Iran signed a Memorandum of Understanding (MOU) on 17 June which set out a 60-day period for negotiations on Tehran’s nuclear programme and other measures to end the war.
Representatives from the two sides met in Switzerland last weekend for talks to end the war, which resulted in the US partially lifting sanctions on Iranian oil exports.
The number of vessels crossing the Strait of Hormuz has risen significantly since the MOU was signed, according to maritime intelligence firm Kpler.
Its latest data suggests 284 vessels have made the transit from 18 June, the day after the deal was signed, although that is is still well below the pre-conflict average of some 138 crossings each day.
The ships passing through the waterway in recent days include those carrying crude oil, liquefied natural gas (LNG), fertiliser and other goods, Kpler told the BBC.
The US and Iran had also formed a “communication line” to prevent misunderstandings “with the aim of safe passage for commercial vessels through the Strait of Hormuz”, mediators Qatar and Pakistan said in a joint statement on Monday.
There has been a “tremendous shift” with far more ships using the strait in recent days, said Dimitris Maniatis, the chief executive of Marisks, a maritime risk advisory firm working with ships stuck in the region.
A limited number of ships can cross a northern passageway with the permission of Iranian authorities, he said.
The US navy has also provided guidance for vessels to travel through a southern route that is safe from mines and other obstacles that has been laid out since the war, Maniatis said.
But the number of ships crossing the strait is still below levels seen before the war, when it was used by more than 100 ships a day.
Hundreds of ships still appear to be waiting in the Gulf.

Fuel prices at the pump rose sharply when the Iran war began, and now the focus is on how quickly they will fall.
“On the back of the lowest oil price since before the Iran war started, drivers should see the average price of petrol fall below 150p [a litre] in the next week or so,” said Simon Williams, head of policy at UK motoring group the RAC. He added the price of diesel “ought to go back under 160p.
Petrol peaked at 159.53p a litre on 28 May, according to the RAC, while diesel has fallen from a high of 191.54p on 15 April.
The average price of regular gasoline in the US has dropped to around $3.93 a gallon after reaching $4 a gallon in April, its highest since 2022, but is still well above pre-war levels.
US President Donald Trump on Wednesday ordered an investigation into major energy companies, accusing Shell, ExxonMobil and other firms of “gouging” drivers by not reducing fuel prices even as oil costs fell.
“Oil prices have come down so much and we are not seeing anything at the pump by comparison the way they should be,” Trump told reporters in the Oval Office.
The American Petroleum Institute, which represents the oil and gas industry in the US, said fuel prices “don’t move in lockstep with crude oil”.
British energy firms have faced similar accusations of unfairly hiking petrol prices since the Iran war.
The UK competition watchdog said last month that there was no widespread evidence of this, adding that average profit margins were “broadly unchanged” between February and March
(BBC)
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Representatives from the Ceylon Chamber of Commerce meet PM
Representatives from the ’The Ceylon Chamber of Commerce’ met with Prime Minister Dr. Harini Amarasuriya on Wednesday [24th of June] at the Parliament premises.
During the meeting, discussions focused on the Sri Lanka Economic and Investment Summit 2026 (SLEIS 2026), which is scheduled to be held on 12 and 13 October 2026. Attention was also given to digitalization initiatives, the introduction of digital technologies in schools under new education reforms, and the transformative role of Artificial Intelligence (AI) in Sri Lanka’s education sector.
Representatives of the Chamber noted that the summit would serve as an important platform for encouraging both local and foreign investment, while also contributing to the shaping of the country’s future economic policies.
The meeting was attended by Krishan Balendra, Chairman of The Ceylon Chamber of Commerce; Vinod Hirdaramani, Deputy Vice Chairman; Shiran Fernando, Secretary General and Chief Executive Officer; Aliki Perera, Deputy Secretary General and Chief Operating Officer; and Anagi Rodrigo-Weerasekera, Chief Economist and Head of Economic Intelligence, along with several other representatives.
[Prime Minister’s Media Division]
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Progress of Housing Project for Malayagam Community families funded by India reviewed
A discussion to review the progress of the housing project under which 4,700 houses are being constructed for the Malayagam community with Indian assistance was held this afternoon (24) at the Presidential Secretariat under the chairmanship of the Chief of Staff to the President, Prabath Chandrakeerthi.
Under this housing programme, 2,026 houses are to be provided to families identified by the National Building Research Institute (NBRI) as being at disaster risk. The remaining houses are expected to be allocated to eligible workers residing in the plantation sector.
Accordingly, the houses will be provided to Malayagam community families living on estates belonging to 22 Regional Plantation Companies, as well as estates under the State Plantations Corporation, Janawasama and Elkaduwa Plantations.
For the construction of each house, the Government of India has allocated Rs. 2.8 million, while the Government of Sri Lanka has contributed Rs. 400,000.
During the discussion, Chandrakeerthi instructed officials to ensure that the housing project is completed before the end of this year. He further directed that land identified for the construction of houses be released without delay and that the National Building Research Institute provide the necessary reports to identify suitable land for the project.
The housing project is being implemented jointly by the Ministry of Plantation and Community Infrastructure, the National Housing Development Authority, the State Engineering Corporation and the Plantation Human Development Trust.
Among those present were Additional Secretary (Development) of the Ministry of Plantation and Community Infrastructure, K. S. Wijayakeerthi; Director General (Engineering), N. D. N. Pushpakumara; Director General (Planning), W. A. K. S. Damayanthi; the Secretary General of the Planters’ Association; and officials from the National Housing Development Authority, the State Engineering Corporation, relevant institutions and plantation companies.
(PMD)
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