News
Sumanthiran complains that the man responsible for crisis still in driving seat
By Saman Indrajith
Sri Lankans were a disappointed lot each time Parliament was convened, Tamil National Alliance (TNA) MP, MA Sumanthiran said on Wednesday in Parliament.
Sri Lankans had never been so desperate and they were looking to the parliament today for answers to an unprecedented economic crisis, Sumanthiran said.
“Each time this parliament meets, people expect there will be some change, some forward movement to resolve this crisis. And the people are disappointed because this is a parliament with two thirds of the voters supporting the government,” he said.
The TNA MP said that the government hadabused the people’s trust and further strengthened the Executive Presidency. The President then went on to violate all the promises he had made to the people and rereading the President’s election manifesto in 2019, the “Vistas of Prosperity and splendor” now induced laughter, Sumanthiran said.
“The one very specific proposal that he made, is at page 36 and 37 in the English version of the manifesto. On page 37, Gotabaya very specifically says “income tax will be reduced, economic service charge and withholding tax will be scrapped. A simple value added tax of 8 % will be introduced, replacing both the current VAT of 15 % and the Nation building tax of 2 %, payee tax will be scrapped and personal income tax will be subject to a ceiling of 15 %. 5-year moratorium will be granted on taxes payable by agriculturist and small and medium enterprises” and so on. Huge tax reliefs announced even in his election manifesto – it was an election promise,” the TNA MP said.
At that time, the finance minister of this country, Mangala Samaraweera, stated that if that proposal was implemented Sri Lanka would become like Lebanon and Venezuela. “Samaraweera’s prediction has come true”, the TNA MP said.
“So, one cannot say that there were no warnings. The Finance Minister of the country at that time said this. The Prime minister now wants to set up a parliamentary budget office. During the last Parliament we had that draft and all of that was set up but it was never presented to Parliament. Recently he asked me for the draft and I have sent it to him, and hope that will be done. One of the tasks of the Parliamentary budget office is that, when due for an election somebody makes a promise – an election promise – the Parliamentary budget office will have to immediately calculate the impact of that promise and publish a report saying, this is how it will impact the economy,” he said.
The tax cuts implemented in December 2019 and were the major reason why Sri Lanka was in the current predicament today, Sumanthiran said. It was only after the tax cuts that Sri Lanka’s ratings started falling, and the Central Bank gave confidential reports to caution the government that Sri Lanka would not be able to borrow anymore, the TNA MP said.
“We were shut out of International Financial markets. So, the person who is single handedly responsible for this economic crisis is still the head of government. He is still president, some people are saying, “No. no. don’t look at this Politics – let that be – deal with the economic crisis”… yes of course, to deal with the economic crisis the wrong-doer must be removed. You can’t keep the wrong-doer, the one who is mostly responsible in that chair and deal with the crisis,” he said.
The TNA MP said the President, Prime Minister and Parliament had lost its legitimacy and that there should be an overhaul of the system. However, before that, parliament needed to be dissolved. Sumanthiran said that there should be political stability to resolve the economic crisis, however it was not possible to have stability in a Parliament that had a lot of independent MPs. The Sri Lankan parliamentary system was not geared to deal with a large number of independent MPs, he said.
“Every day of delay in establishing stability costs the country several million dollars. So it must be fixed fast. We are part of a problem, we must say “Yes, we’ll dissolve ourselves”, pass a resolution and request the President to dissolve Parliament. One of the biggest promises given by the President himself in the last address to the Nation was to bring back the 19th amendment. Both the President and the prime minister within the last two weeks have given the country that assurance. But where are you now? You can’t bring back the 19th amendment,” he said.
India’s External Affairs Minister, Dr. Subramaniam Jaishankar, met with the Prime Minister of Sri Lanka, Dr. Harini Amarasuriya, on 23 December at Temple Trees, during his visit to Sri Lanka as the Special Envoy of Indian Prime Minister Shri Narendra Modi.
The meeting took place as part of the official visit aimed at holding discussions with Sri Lanka’s top leadership, at a time when the nation commenced reconstruction efforts following the devastation caused by Cyclone Ditwah.
During the discussions, the Minister of External Affairs of India reaffirmed readiness to extend support for Sri Lanka, including assistance in rebuilding railways, bridges, and strengthening of the agricultural sector in the country. He also highlighted the importance of having effective systems in place to respond to disaster situations, supported by strong legislative, administrative, and institutional frameworks. Both sides reviewed ongoing relief efforts and explored avenues to further strengthen bilateral cooperation in disaster response and recovery.
The Prime Minister commended the Government of India for the continued support, noting that the recovery process following the devastation caused by Cyclone Ditwah include beyond immediate relief efforts to long-term measures such as resettlement, and reconstruction of habilitation and infrastructure.
The Prime Minister further stated that steps have been taken to reopen schools as part of the process of restoring normalcy, with close monitoring in place. The Prime Minister emphasized the need to ensure stability, reduce vulnerability, and strengthen protection mechanisms highlighting the solidarity of the people, their strong spirit of volunteerism, and collective action demonstrated during the emergency situation.
The event was attended by the High Commissioner of India Santosh Jha, Additional Secretary (IOR), MEA Puneet Agrawal, Joint Secretary (EAMO), MEA Sandeep Kumar Bayyapu, Deputy High Commissioner Dr. Satyanjal Pandey, and representing Sri Lankan delegation, Secretary to the Prime Minister Pradeep Saputhanthri, Additional Secretary to the Prime minister Ms.Sagarika Bogahawatta, Director General (South Asia), Ministry of Foreign Affairs Samantha Pathirana, Deputy Director, South Asia Division, Ministry of Foreign Affairs Ms.Diana Perera.
[Prime minister’s media division]
Sri Lanka is standing on the edge of a coastal catastrophe, with the nation’s lifeline rapidly eroding under the combined assault of climate change, reckless development and weak compliance, Director General of the Department of Coast Conservation and Coastal Resource Management (DCC&CRM) Dr. Terney Pradeep Kumara has warned.
“This is no longer an environmental warning we can afford to ignore. The crisis is already unfolding before our eyes,” Dr. Kumara told The Island, cautioning that the degradation of Sri Lanka’s 1,620-kilometre coastline has reached a point where delayed action could trigger irreversible damage to ecosystems, livelihoods and national security.
He said accelerating coastal erosion, rising sea levels, saltwater intrusion and the collapse of natural barriers, such as coral reefs and mangroves, are placing entire coastal communities at risk. “When mangroves disappear and reefs are destroyed, villages lose their first line of defence. What follows are floods, loss of homes, declining fisheries and forced displacement,” he said.
Dr. Kumara stressed that the coastline is not merely a development frontier but the backbone of Sri Lanka’s economy and cultural identity. “More than half of our tourism assets, fisheries and key infrastructure are concentrated along the coast.
If the coast fails, the economy will feel the shock immediately,” he warned.
Condemning unregulated construction, illegal sand mining and environmentally blind infrastructure projects, he said short-term economic interests are pushing the coastline towards collapse. “We cannot keep fixing one eroding beach while creating three new erosion sites elsewhere. That is not management—it is destruction,” he said, calling for science-driven, ecosystem-based solutions instead of politically convenient quick fixes.
The Director General said the Department is intensifying enforcement and shifting towards integrated coastal zone management, but warned that laws alone will not save the coast. “This is a shared responsibility. Policymakers, developers, local authorities and the public must understand that every illegal structure, every destroyed mangrove, weakens the island’s natural shield,” he added.
With climate change intensifying storms and sea surges, Dr. Kumara warned that Sri Lanka’s vulnerability will only worsen without urgent, coordinated national action. “The sea has shaped this nation’s history and protected it for centuries. If we fail to protect the coast today, we will be remembered as the generation that allowed the island itself to be slowly eaten away,” he went on to say.
By Ifham Nizam
The Sectoral Oversight Committee (SoC)on Economic Development and International Relations recently examined the Microfinance and Credit Regulatory Authority Bill and the proposed amendments thereto.
The SoC met in Parliament under the chairmanship of Member of Parliament Ms. Lakmali Hemachandra, (Attorney at Law). A group of officials representing the Central Bank of Sri Lanka, the Department of Development Finance of the Ministry of Finance, Planning and Economic Development, and the Legal Draftsman’s Department participated in the meeting.
The Microfinance and Credit Regulatory Authority Bill was presented to Parliament for its First Reading on 26.11.2025. Accordingly, the Committee held an extensive discussion on the amendments that have been proposed to the Bill. The Chair of the Committee, Hon. Member of Parliament Ms. Lakmali Hemachandra, (Attorney at Law) stated that it is important to give careful and further consideration to this Bill and that discussions on the proposed amendments will be held again on a future date.
Members of Parliament Lakshman Nipuna Arachchi, Thilina Samarakoon, Nilanthi Kottahachchi, Attorney at Law, Sagarika Athauda, Attorney at Law, Suranga Ratnayaka, and Wijesiri Basnayake also participated in this Committee meeting.
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