Editorial
Shylocks
Tuesday 25th July, 2023
There is a widely-held misconception that Sri Lanka is a land where every prospect pleases, and only politicians are vile. The less said about politicians, the better; suffice it to say politics is a stinking swamp that has to be drained if the country is to achieve any progress, but the fact remains that most others are no better.
There has been a considerable drop in the general price level over the past several months, and the production costs of most commodities have decreased as a result, but the prices thereof remain extremely high. Bakers and eatery owners continue to exploit the public by keeping the prices of their products artificially high. Some tender-hearted bakers, who are the exception that proves the rule, have been considerate enough to sell bread at Rs. 110 a loaf; they say they are earning profits. Thus it may be seen that the public can be granted relief if the government cares to crack down on unscrupulous businesspersons and put an end to their exploitative practices.
The Consumer Affairs Authority (CAA) does precious little to protect the rights of consumers; its bark is worse than its bite. One wonders whether the CAA officials are in league with the errant members of the business community. They must be made to explain why they have not stepped up raids.
Banks are the biggest culprits. They stand accused of making a killing by slashing deposit interest rates while keeping lending rates extremely high. Some of them have even arbitrarily increased the fixed lending rates, claiming that they have no other way of retaining their stability. They have informed their hapless customers, who are left with no alternative but to stand and deliver, so to speak, that they are following the Central Bank (CB) instructions. Their claim is a blatant lie, for the CB has specifically asked them to bring down the lending rates. This is something the CB should look into forthwith because such bogus claims tarnish its reputation, and direct public anger at it while the greedy bankers are fattening their bottom lines at the expense of the public. The state banks which do so are helping make a strong case for the privatisation of the state-owned enterprises; they have made a mockery of their much-publicised claim that they were established to serve the interests of the ordinary people.
The CB has, in a letter to the Sri Lanka Banks’ Association, rightly observed that the deposit interest rates of the banking sector have been reduced significantly while the lending rates continue to be downward rigid. It has said such rigidity in lending rates will be counterproductive in the process of envisaged economic recovery, and the faster normalisation of interest rate structure will benefit not only the businesses and individuals but also the banking sector through the expected improvement in the quality of credit. Pointing out that the interest rates charged on certain credit facilities are excessively high and have to be reduced in view of a decrease in the market interest rates, the CB has said this fact was brought to the attention of all Chief Executive Officers of banks at the monthly CEOs’ meeting at the Central Bank, chaired by the CB Governor. It has urged all licensed banks to take immediate measures to adequately reduce the lending rates applicable to all lending products. The banks, however, carry on regardless, despite protests, and there is absolutely nothing the aggrieved customers can do.
The CB has promised to intervene on behalf of the hapless customers unless the banks pass the benefits of decreasing interest rates on to them, but such action will have to be coupled with a legislative intervention if it is to be effective. This situation warrants the attention of President Ranil Wickremesinghe, who is also the Minister of Finance. There is a massive build-up of public anger in the polity, and it has to be defused for the consolidation of political stability, which is a prerequisite for economic recovery, and this goal will remain unattainable if the people are denied the benefits of steps being taken to revive the economy.
Editorial
Lurking danger and ‘NATO’ officials
Thursday 16th January, 2025
Rising water levels in irrigation tanks are a blessing for the inhabitants of the dry zone, for they signal a time of plenty. Paradoxically, scores of families living in areas below the Senanayake Samudraya in Ampara are living in fear as the life-giving reservoir is fast approaching its maximum storage limit.
More than one hundred people were evacuated the other day because a bank of Gal Oya, in Suduwella and Kotawehera, is at the risk of breaching owing to severe erosion. Irrigation officials warned that if rains continued causing the sluice gates of the tank to be opened, the damaged bank might give way, flooding a vast low-lying area. The evacuees were bussed back home yesterday as the reservoir catchment had not experienced heavy rains the previous day.
Obviously, the erosion of the river bank did not occur overnight, and the residents of the area have said they had been evacuated on previous occasions as well. What have the irrigation authorities and other state officials been doing all these years?
According to some state officials, a sand bar has formed in a section of Gal Oya, making water flow along only one bank, which has suffered erosion as a result. The problem is far too serious to be managed with measures such as piling sandbags, the officials have said, noting that they will have to remove the sand bar, facilitating the river flow and easing the pressure on the damaged bank before repairing it. This task is best left to engineers, but the question is why no action has been taken so far to prevent a possible breach of the eroded bank, which continues to develop cracks. Are the officials waiting until the collapse of the bank to take action? Aren’t cynics justified in calling such individuals NATO (No-Action-Talk-Only) panjandrums?
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Opposition aiming for the stars
The SJB has given serious thought to forming a broad coalition of right-wing political parties as a countervailing force against the JVP-led NPP government, SJB MP S. M. Marikkar has told a media briefing in an answer to a question on the progress in efforts to bring the SJB and the UNP together. Stressing the need for a grand opposition alliance, he has categorised the NPP as a leftist coalition.
Whether a party/coalition is leftist or rightist should be judged by its policies rather than anything else. The NPP cannot be described as a socialist outfit; one sees hardly any difference between its policies and those of the SJB or the UNP. Even JVP General Secretary Tilvin Silva has said the NPP administration is not leftist in the real sense of the term. He has, in a press interview, called it ‘a government of leftist, progressive democratic forces’, whatever that means. The Frontline Socialist Party, an offshoot of the JVP, has rightly called the NPP a ‘patchwork of ideological differences’.
The so-called right-wing parties have already begun to cooperate to some extent. They have joined forces to defeat the NPP in cooperative society elections, and achieved some success. Independent groups, backed by the SJB, the UNP, the SLPP and the MEP, have beaten the NPP in Homagama, Moratuwa, Kelaniya, Angunukolapelessa, etc. Their success in those contests may have prompted the SJB to consider forming a grand alliance with a view to turning the tables on the NPP. But the feasibility of such a political project is in doubt, given the competing ambitions of the Opposition politicians.
The SJB has even failed to hold its own coalition partners together; some of them have voted with their feet. The same goes for the SLPP and the UNP. They themselves have suffered crippling splits. So, it is doubtful whether a group of political parties facing internal problems will be able to set aside their differences, overcome the ambitions of their leaders, and unite for a common cause in the long term.
Editorial
California blazes
Wednesday 15th January, 2025
Wildfires in the US, engulfing parts of Southern California, have left the world agape. They have already claimed 24 lives and gutted countless properties including 12,000 houses and caused an economic loss of over USD 150 billion so far. Besides, thousands of wild animals are believed to have perished in the blazes. The environmental cost of the unfolding wildfires is said to be incalculable. Particle pollution has added another dimension to the catastrophe, rendering millions of people vulnerable to heart and lung diseases.
Los Angeles was bracing for more extreme winds and flames at the time of writing. The residents in vulnerable areas have been warned of a possible explosive fire growth. It is feared that if meteorological forecasts hold, the horrors of fire-weather will continue into the summer and perhaps spread to the northern parts of California as well—absit omen!
Wildfires in California, which is no stranger to such blazes, were expected to occur with the official arrival of La Nina conditions in the Pacific Ocean a couple of weeks ago, heralding a drought in the southern parts of the state, but nobody thought they would develop into an inferno of this magnitude. Nothing is so certain as the unexpected where extreme weather events are concerned.
It is doubtful whether anything worse could have happened to southern California; the average rainfall has been about 2% of normal for areas like Los Angeles, and Santa Ana wind gusts reached a record 100 mph. According to weather forecasters, there will be no rains in Southern California until the end of January. The predictability of even usual weather events is diminishing owing to climate change. This is a disconcerting proposition for not only the US but also the rest of the world.
One particular dimension of wildfires such as the raging ones in California has not apparently received much attention. It is the possibility of fire weather conditions being weaponised. All it takes to wreak havoc on a country which experiences extreme weather events is a match stick or a lighter during a dry spell, which turns vegetation into highly combustible fuel, with winds matching the speed of freeway traffic. The California wildfires have demonstrated the vulnerability of even a super power like the US while big powers are reportedly experimenting with ‘tectonic weapons’ capable of triggering seismic events.
While hearts are going out to the victims of the catastrophic wildfires in the US, the world must spare a thought for the Palestinians who are enduring a humanitarian tragedy in Gaza, devastated by Israeli airstrikes carried out with US help.
US Vice President Kamala Harris, whose government has been helping Israel reduce Gaza to rubble by generously providing Tel Aviv with funds and weapons despite widespread protests, came very close to realising what it was like to lose one’s own house, when her private residence in Los Angeles was threatened by the Palisades blaze. It is hoped that outgoing President Joe Biden will redouble his efforts to bring about a ceasefire in Gaza before leaving office.
Ironically, the California wildfires have occurred a few days before the inauguration of Donald Trump, one of the leading climate change deniers, as the 47th US President. Unless the Republicans, during Trump’s second nonconsecutive term, care to take cognisance of the obvious and act accordingly, the US will find it even more difficult to face disasters supercharged by climate change. BBC has reported, quoting scientists, that rapid swings between dry and wet conditions in California—known as whiplash—due to climate change have yielded a huge amount of tinder-dry vegetation that is ready to ignite. Many other countries, especially those in the tropics, are equally vulnerable to the ill-effects of climate change, such as whiplash and blazes of extreme intensity.
Editorial
Oral rinse deal leaves bad taste in mouth
Tuesday 14th January, 2025
The Health Ministry is in the news again for all the wrong reasons. It has become a metaphor for corruption. Irrefutable evidence has emerged about how politicians at the helm of it have enriched themselves over the years at the expense of the sick, cutting as they did shady deals to procure substandard equipment and pharmaceuticals including fake cancer drugs. There is a widely-held misconception in this country that only politicians are corrupt; bureaucrats, save a few, are no better. The state service is as corrupt as the political authority.
What has been unfolding on the economic and political fronts, since last year’s regime change, does not hold out much hope for those who dreamt of a clean Sri Lanka under the new NPP dispensation. No room should, however, be left for pessimism where anti-corruption campaigns are concerned, for it has the potential to breed hopelessness and even conformism, but it is difficult to ignore the harsh reality.
On witnessing widespread malpractices in developing countries, one wonders whether governments may come and governments may go but the corrupt go on forever. Sri Lankans usually do not make informed decisions when they elect their representatives, far less fight for their rights the way they should; worse, all systems are geared towards serving the interests of the crooked. Thankfully, the current economic crisis jolted the Sri Lankan public into taking a long hard look at the way they had been exercising their franchise and ‘suffer crooks gladly,’ so to speak. Hence the mammoth mandate they delivered to the NPP in last year’s general election, expecting it to upend all compromised systems and install in their place new ones to eliminate corruption, which has stood in the way of national progress. Worryingly, things do not seem to be moving in the desired direction under the new dispensation as well.
The Doctors’ Trade Union Alliance for Medical and Civil Rights Dr. Chamal Sanjeewa has accused the State Pharmaceutical Corporation (SPC) of having decided to award a tender worth Rs. 36 million to a blacklisted Bangladeshi company for supplying 270,000 bottles of a mouth-cleaning antiseptic solution.
The SPC’s response to the allegation in question was not known at the time of writing. Some media reports said the SPC had asked for time to respond as an inquiry into the matter was underway. Health Secretary Dr. Anil Jasinghe has said the issue will be probed.
It is not difficult to get at the truth. The SPC only has to check whether the foreign company it has selected has been blacklisted. If the allegation is true, then all those who decided to award the aforesaid tender to that firm must be made to explain why they did so and whether they acted under duress. The controversial oral rinse deal has left a bad taste in many a mouth. It is a sad reflection on the new administration, which came to power, promising to root out the scourge of bribery and corruption.
When former Health Minister Keheliya Rambukwella and some health officials were prosecuted over the procurement of a consignment of fake immunoglobulin, it was thought that the health authorities would act cautiously and make a serious effort to enforce transparency in its dealings and restore public trust in the state health sector. But the health officials do not seem to be willing to mend their ways if Dr. Sanjeewa’s serious allegation is any indication.
Let the government be urged to have the DTUAMCR President’s allegation thoroughly probed in an impartial and transparent manner. It should be able to do so promptly if it has nothing to hide. One can only hope that the government will not launch a vilification campaign against Dr. Sanjeewa instead of having the questionable tender deal investigated.
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