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‘Revenue raised from new taxes, too, will be robbed, wasted’

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GL asks govt. to secure int’l assistance to recover stolen money

By Shamindra Ferdinando

Former Foreign Minister Prof. G.L. Peiris yesterday (07) suggested that the government seriously consider securing UN support for the recovery of stolen public assets.

Addressing the media at the Nawala Office of ‘Nidahasa Jathika Sabhawa’ consisting of 13 rebel SLPP MPs, Prof. Peiris said the UN’s Stolen Asset Recovery Initiative (StAR), run by the World Bank Group and the United Nations Office on Drugs and Crime, could help cash-strapped Sri Lanka to locate stolen funds.

He said Sri Lanka experiencing the worst ever post-independence economic crisis could utilise the StAR to nab those who had stashed away stolen funds, both here and overseas.

Prof. Peiris, who served as Foreign Minister twice (2010-2015 and August 2021-April 2022), said that the assistance of the international community and local organisation, specialising in anti-corruption activities, was required as successive governments failed to take tangible measures in that regard.

The recovery of stolen assets should be a priority for the government as it was struggling to cope up with further deterioration of the economic situation, the MP said.

Commenting on the drastic expansion of taxes, as key part of the overall measures to enhance government revenue, Prof. Peiris warned that unless action was taken to curb waste, corruption, irregularities and mismanagement in the public sector, even the new taxes couldn’t make a difference. Those who routinely misappropriated public funds would continue to do so, regardless of the economic fallout as repeatedly exposed by both print and electronic media, Prof. Peiris pointed out. Referring to recent reportage on the massive losses suffered by bankrupt Sri Lanka in the procurement of coal for Norochcholai coal-fired power plant complex and the proposed elevated highway from New Kelani Bridge to Athurugiriya revealed how those who were supposed to protect public interests manipulated the process, he alleged.

Prof. Peiris alleged that Wickremesinghe-Rajapaksa government hadn’t indicated any interest in curbing corruption though promises were made both in and out of parliament.

Speaking to The Island later, Prof. Peiris said that both President Ranil Wickremesinghe and Justice Minister Dr. Wijeyadasa Rajapakse, PC, since July this year referred to the proposed Anti-Corruption Bill several times. However, the government had conveniently ignored the shocking revelations made by parliamentary watchdog committees and the Auditor General, the rebel lawmaker said.

The AG’s assertion that those who had been in charge of procurement of a massive load of coal did nothing to negotiate a lower price in spite of the opportunity underscored the growing crisis, Prof. Peiris said.

The former Colombo University Vice Chancellor said that the sugar scam perpetrated in Oct 2020 revealed how influential parties could even manipulate the government at the highest level. Unfortunately, absolutely no action has been taken against those responsible though the Finance Ministry assured action would be taken following an inquiry by the Inland Revenue Department, Prof. Peiris said, adding that the government should take meaningful measures to streamline the tax collection process.

Referring to the ongoing controversy over Thico Group of Companies’ alleged involvement in misappropriation of billions of Rupees, Prof. Peiris said that Sri Lanka should use anti-money laundering laws efficiently. The vast majority of people were struggling to make ends meet while the government intended to tax them further regardless of consequences, the former minister said, urging the government to review its strategies.

The economic crisis couldn’t be addressed by taxing people to death to recover losses suffered by 2020 tax cuts, Prof. Peiris said.



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Government’s objective is to ensure the continuous functioning of the country’s economic activities and essential services through effective energy management – President

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President Anura Kumara Dissanayake stated that, in light of the challenges that have arisen due to the prevailing conflict situation in the Middle East, plans are being implemented to manage energy resources effectively while ensuring the uninterrupted continuation of the country’s economic activities and essential services.

The President made these remarks while participating in a discussion held on Monday (16) afternoon  at the Presidential Secretariat to review the immediate measures required to ensure the country’s energy conservation and maintain the uninterrupted functioning of economic activities and essential services, in view of the current disruptions affecting energy supply.

During the discussion, which was attended by the relevant Ministers and Ministry Secretaries, special attention was focused on the measures required to ensure the uninterrupted continuation of public services in light of the prevailing situation.

Extensive discussions were also held on alternative methods that could be adopted in maintaining the operations of government offices. In this context, attention was drawn to the possibility of limiting energy consumption while continuing essential services by granting a one-day holiday for the public service.

Particular attention was also given to examining alternative measures that could be adopted to ensure the continued provision of services with minimal energy consumption, taking into account the specific nature and practical requirements of sectors such as education, health, tourism, fisheries, industry, agriculture, ports and shipping, airport services and digital services.

The President instructed a committee, comprising Ministry Secretaries and sectoral experts, to submit a report by the end of today to determine the fuel allocation required to maintain services in the key sectors.

In addition, the discussion highlighted the importance of making ministerial-level decisions regarding the practical feasibility of performing official duties from home under such circumstances. It was proposed that decisions on summoning officers to their workplaces be delegated to the heads of institutions and that appropriate methods be adopted to ensure the uninterrupted continuation of services.

In view of the prevailing situation, the President paid special attention to the challenges faced by farmers in the agricultural sector and by small and medium-sized industrialists in the industrial sector.

The President further emphasised that, in the current circumstances, the contribution and commitment of all are essential to minimise the potential impact on the country’s economy, while noting that certain groups may be provided with assistance through relief measures.

It was noted that the introduction of the QR system is intended to manage daily fuel consumption in response to the ongoing challenges. This system will allow for the daily analysis of fuel allocations, emphasising the importance of releasing fuel in a manner that safeguards the country’s energy conservation while supporting economic and service activities.

The discussion also highlighted the importance of using the QR system in an orderly manner during fuel distribution and the need for each Ministry to promptly provide all necessary data to the Ministry of Digital Economy. Accordingly, it was proposed that the relevant Ministries, together with the legally recognised petroleum institutions, work to further streamline the QR system.

In addition, it was proposed to temporarily suspend state celebrations in light of the prevailing situation and to establish a procedure for informing the private sector of any further measures the Government intends to take in this regard.

Prime Minister Dr. Harini Amarasuriya, Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath, Minister of Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe, Minister of Health and Mass Media Dr. Nalinda Jayatissa, Minister of Public Administration, Provincial Councils and Local Government Professor A.H.M.H. Abeyratne, Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando, Minister of Industries and Entrepreneurship Development Sunil Handunnetti, Minister of Transport, Highways and Urban Development Bimal Ratnayake, Secretary to the President Dr. Nandika Sanath Kumanayake, Governor of the Central Bank Dr. P. Nandalal Weerasinghe, Senior Advisor to the President on the Digital Economy Hans Wijesuriya, Senior Economic Advisor to the President Duminda Hulangamuwa and a group of officials, including the Secretaries of the relevant Ministries, participated in the discussion.

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UN resolution on Iran ‘unbalanced’: FM Herath

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Vijitha / Zuhair

Zuhair castigates sponsors who failed to condemn aggressors

Foreign Minister Vijitha Herath said that the recently adopted United Nations Security Council (UNSC) resolution that strongly condemned Iran for, what it called, “egregious attacks” on its regional neighbours, was not fair as it did not make reference to Israeli-US initiating the latest conflict.

Herath said so in response to The Island query. He said that the government wouldn’t support country specific resolutions. Minister Herath described the resolution, adopted by a vote of 13 in favour, none against, and two abstentions (China, Russian Federation), as unbalanced. Sri Lanka refrained from co-sponsoring the resolution that had the backing of nearly 140 countries. Both India and Pakistan co-sponsored the resolution.

The JVPer reiterated that both sides should cease attacks and deal with the developing situation in terms of the UN Charter.

The Council condemned, “in the strongest terms,” Iran’s attacks against Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates and Jordan and reiterated its strong support for those countries’ sovereignty, territorial integrity and political independence.

Former Sri Lanka’s Ambassador in Iran, M.M. Zuhair, PC, said that those who co-sponsored the controversial resolution, and the UNSC that adopted it, conveniently failed to take into account unprovoked Israeli-US attack on Iran and the killing of over 1,400 civilians, including nearly 160 children and staff at a girls’ school. The former lawmaker said that the UN Security Council had failed in its fundamental duty to prevent or end the Israeli-US joint aggression on Iran or, at least, to condemn the unprovoked military action.

By Shamindra Ferdinando

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Japan provides grant for reinforcement of Cyclone Ditwah damaged bridge

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Ambassador Isomata and Ven. Nagolle Nandaratana, Chairman of DIMUTHU Community Development Society signed the agreement (pic courtesy Japanese embassy)

Japanese ambassador in Colombo Akio Isomata on 16 March signed a grant contract for reinforcing a bridge in Buttala under the scheme of “Grant Assistance for Grassroots Human Security Projects (GGP)”. The contract was signed with Ven. Nagolle Nandaratana, Chairman of DIMUTHU Community Development Society.

The text of the Japanese embassy press release: “The Government of Japan has provided USD 25,432 (approx. LKR 7.8 million) for a project implemented by the DIMUTHU Community Development Society. This grant will fund urgent reinforcement of the bridge abutments which were damaged by Cyclone Ditwah, and construction of retaining walls to safeguard the bridge, which ensures safe access of 3,200 residents to education and healthcare services.

Emphasising Japan’s focus on strengthening institutional frameworks to address natural disasters in Sri Lanka, Ambassador ISOMATA remarked: “As Sri Lanka moves on to the phase of recovery and reconstruction, Japan remains steadfast in its resolve to stand by the people of Sri Lanka”. Ambassador also said: “The project for which we signed today will not only contribute to the recovery and reconstruction of areas affected by Cyclone Ditwah and socio-economic development of the country, but will also stand as an enduring symbol of the unwavering friendship between the peoples of Japan and Sri Lanka.”

Commenting on the receiving of this grant assistance, Ven. Nagolle Nandaratana, Chairman of DIMUTHU community Development Society, stated, “Japan and Sri Lanka share a beautiful, long-standing friendship. Beyond just development, we’ve always admired the Japanese way of doing things—with precision, discipline, and kindness. This approach has truly been our guide in making our past collaborations, like our water projects and community buildings, such a lasting success.

Special thanks to the Ambassador, the hardworking Embassy team, and our coordinator for making this happen. “

Since 1989, Japan has been providing a total of USD 62 million in assistance for Sri Lanka through the GGP (Grant Assistance for Grassroots Human Security Projects) scheme.”

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