Connect with us

News

Wimal believes all-party govt. inclusive of JVP, can win world confidence

Published

on

National Freedom Front (NFF) leader Wimal Weerawansa, MP, has declared that an all-party government inclusive of the JVP will able to overcome the current economic crisis.

The former JVP heavyweight said so at a media briefing held at the party office in Pita Kotte.

Weerawansa said that the JVP’s inclusion would help the proposed administration to win the confidence of the international community. The former Industries Minister Weerawansa noted that the JVP no longer demanded President Gotabaya Rajapaksa’s resignation. Instead, it vowed to make economic recovery possible within six months. Therefore, a new administration that included the JVP could turn around the economy fast he said.

The JVP parliamentary group comprises three members, including one appointed on the National List.

The erstwhile JVPer said that the current crisis had created an environment for the interested parties to do away with Ceypetco’s domination of the oil market. The lawmaker said Power and Energy Minister Kanchana Wijesekera’s recent declaration that the market would be opened to foreign players meant an attempt was being made to privatize this vital sector.

MP Weerawansa asked whether Minister Wiejesekera had disputed the then Prime Minister Sirimavo Bandaranaike’s decision to establish the Ceylon Petroleum Corporation (CPC) at the expense of foreign entities.

Lanka IOC entered Sri Lanka market in 2003. Minister Wijesekera over the last weekend revealed that Lanka IOC wanted to set up 50 new service stations and take over a section of Ceypetco facilities as part of the overall measures to overcome the current crisis.

MP Weerawansa said that at the time UNP leader Wickremesinghe had faith in him. Unfortunately, he had not only lost public faith but was taking advantage of the crisis to pursue a strategy inimical to Sri Lanka. The former minister alleged that the incumbent government was exploiting the crisis to facilitate external interventions, particularly that of India.

Reiterating his call for an all-party caretaker board comprising Opposition Leader, the Premier’s representative as well as members of other political parties to decide on foreign currency account managed by the Central Bank, the NFF leader said that the current government should take tangible measures to regain lost public confidence. The ex-minister said had that happened Sri Lankans living overseas would contribute lavishly.

MP Weerawansa also stressed the urgent need to take legal measures to compel exporters to bring back export proceeds to the country.

The former minister strongly criticized the failure on the part of the government to take advantage of Russian oil like other Asian countries in the wake of unilateral sanctions imposed by the West over the war in Ukraine. MP Weerawansa pointed out that India had exploited the situation to its advantage whereas our incumbent government dragged its feet.

The MP dismissed two ministers undertaking a hastily arranged visit to Moscow to explore ways and means of securing gas and oil. The former JVPer said that Sri Lanka could end up addressing such matters with Russia in a shoddy manner.

The NFF leader also attacked the proposal to set up sea line of communications between South India and the Jaffna peninsula. The minister said that the country was entering dangerous grounds as the situation turned for the worse with civil life disrupted (SF)



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

India’s External Affairs Minister meets Sri Lanka PM

Published

on

By

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]

Continue Reading

News

Sri Lanka’s coastline faces unfolding catastrophe: Expert

Published

on

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

Continue Reading

News

SOC examines proposed amendments to the Microfinance and Credit Regulatory Authority Bill

Published

on

SoC meeting underway (pic courtesy parliament)

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.

Continue Reading

Trending