News
SJB belatedly defends 2017 Foreign Exchange Act, rejects Justice Minister’s claim of funds ‘parked’ overseas
By Shamindra Ferdinando
Top SJB spokesman Dr. Harsha de Silva on Monday (20) dismissed Justice Minister Dr. Wijeyadasa Rajapakshe’s claim that well over USD 56.5 bn had been parked overseas by some exporters.
Dr. de Silva also contradicted claims made by rebel SLPP MPs Vasudeva Nanayakkara, Wimal Weerawansa and Gevindu Cumaratunga on the matter.
The Justice Minister and rebel SLPP MPs have declared that the enactment of Foreign Exchange Act No 12 of 2017 had led to the current situation.
Appearing on the live political programme Salakuna on Hiru, the Colombo District lawmaker said that such accusations were nothing but a joke. One-time Economic Reforms and Public Distribution State Minister de Silva declared that it was nothing but a made-up story.
The SJB lawmaker said so when Hiru anchor Chamuditha Samarawickrema asked whether the Yahapalana government contributed to the current crisis by doing away with the time-tested Exchange Control Act No 24 of 1953. Samarawickrema pressed for an answer pointing out that Harsha de Silva and SJB leader Sajith Premadasa were among 94 MPs who voted for the new law whereas 18 voted against.
A section of the UNP registered SJB as a political party, in early 2020, ahead of the general election held in Aug of the same year.
Governor of the Central Bank Dr. Nandalal Weerasinghe, too, has on several occasions raised concerns over the failure on the part of exporters to bring back proceeds.
Samarawickrema said that according to Minister Rajapakse the actual figure could be as much as USD 100 bn though official records were lower.
Dismissing the Justice Minister’s declarations, MP de Silva questioned the recent claim made by the former President of the Bar Association that export proceeds amounting to USD 8 bn hadn’t been repatriated last year. There was no basis for the Justice Minister’s claim on USD 8 bn as well as the previous declarations on over USD 50 bn being held overseas, MP de Silva said, adding that the total amount of exports were USD 12 bn last year.
Accusing some lawmakers of propagating lies, the former UNPer challenged them to reveal where even USD one bn was held.
Referring to leaked Panama Papers and Pandora Papers beginning April, 2016 and Oct 2021, respectively, MP de Silva said they disclosed the amounts parked overseas. “I won’t say funds hadn’t been parked. Thieves are everywhere. Some under invoice. Others over invoice. There are people who park money abroad. The funds mentioned in Panama Papers are part of the total amount of money stashed overseas.”
MP de Silva firmly denied that Sri Lanka engaged in large scale export business. There was absolutely no basis of claim regarding USD 56.5 bn, MP de Silva said.
Asked whether Justice Minister lied in this regard, MP de Silva insisted that this figure couldn’t be accepted under any circumstances.
Responding to Samarawickrema’s query whether the new law contributed to the bankruptcy, MP de Silva said that it was meant to pave the way for Sri Lankans to set up businesses abroad. The economist said that Sri Lankans should be allowed to invest overseas the way foreign companies did here. The former State Minister named several such investments made by Sri Lankans.
Dr. de Silva dismissed claims that the Capital Account hadn’t been opened. Utilization of funds had to be approved by the Central Bank on a case-by-case basis.
At the onset of the programme, Dr. de Silva said that the SJB accepted the general direction of President Ranil Wickremesinghe’s budget. One-time Wickremesinghe deputy on economic affairs?? during the yahapalana government, lawmaker de Silva said that SJB is comfortable with the budget in spite of concerns.
News
Teachers’ unions ‘ready to bring govt. to its knees’
Teachers, principals up in arms against alleged NGO driven education reforms
Teachers, principals and education professionals on Friday vowed to commence a nationwide campaign against the government’s plans to reform the education sector at the expense of what they described as cultural values.
President of the All-Ceylon United Teachers’ Association Ven Yalwala Pannasekera thera addressing a press conference yesterday said that trade unionists would join forces to urge the government to withdraw its educational reforms.
“We are ready to form a common front with education professionals, teachers and principals against this government. We demand that the government withdraw these reforms or get ready to go home,” Ven Pannasekera said.
“Some modules promote homosexuality. Contents in some of the modules being distributed have been copied from Indian text books.
We ask the government to explain why it had paid the National Education Institute curriculum designers,” Ven Pannasekera said.
Meanwhile, representatives of 16 teachers’ and principals’ unions visited the National Child Protection Authority yesterday to lodge a complaint demanding a probe into the inclusion of materials promoting homosexuality in school books.
Concerns were also raised at a National Sangha Council meeting held in Colombo last week at the Colombo Foundation Institute, organised to discuss the objectives of the proposed reforms.
Addressing the gathering, Professor Venerable Induragare Dhammaratana Thera said the reforms required extensive discussion, consultation with subject experts and consideration of the experience of senior administrators.
He warned that the proposed education reforms could trigger the biggest crisis currently facing the country. “Implementing these reforms in this manner will harm future generations and could even destroy the present government,” he said, likening the process to “forcing a round peg into a square hole.”
News
Education Ministry drops idea of extending school hours
The Ministry of Education on Friday decided not to extend school hours for the 2026 academic year, citing the ongoing impact of recent disasters on schools and transport systems in several provinces.
According to the Ministry, school hours for Grades 5 to 13 will remain unchanged at 7:30 a.m. to 1:30 p.m. until both education and transport networks are fully restored.
Government schools, government-approved private schools, and pirivenas are set to begin the first term of 2026 on January 5. Students in Grades from 6 to 13 will have seven 45-minute periods a day.
Education reforms will be introduced for Grades 1 and 6 in 2026.
The Ministry confirmed that activity books for Grade 1 and learning modules for Grade 6 will be distributed before lessons begin. Textbooks for all other grades have already been fully handed out.Meanwhile, the remaining sessions of the 2025 G.C.E. Advanced Level examination are scheduled to take place from January 12 to January 20, 2026.
by Chaminda Silva ✍️
News
SLRC to disburse Rs 2420 mn in relief funds to 28,000 families
The Sri Lanka Red Cross Society will provide relief funds totaling Rs. 2,420 million to assist 20,000 families displaced and 8,000 families who have lost their livelihoods due to cyclone Ditwah.
Accordingly, the Society has arranged to give Rs. 1,620 million to 20,000 displaced families, at the rate of Rs. 85,000 per family, and Rs. 800 million to 8,000 families who lost their livelihoods, at Rs. 100,000 per family, Sri Lanka Red Cross Communications Head Navindra Senarathne told the Sunday Island on Friday.
He said the funds for the 20,000 displaced families would be distributed in three instalments.
A total of 20,000 families across the country, including 1,505 families in the Trincomalee District, have been selected for this relief, with beneficiaries identified by the decision-makers of the Sri Lanka Red Cross Society, he added.
In addition, the Society is preparing to install toilet systems in 400 safe centers and provide 15,000 sets of school equipment worth Rs. 7.5 million, Navindra Senarathne told the Sunday Island.
By Sirimantha Rathnasekera ✍️
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