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Monday June 3rd, 2024

Sri Lanka’s ‘alternative facts’ on bond sales

ECONOMYNEXT – Sri Lanka’s government Tuesday resorted to the latest Donald Trump tactic of offering "alternative facts" to defend Arjuna Mahendran who is accused of "insider dealing" when he headed the Central Bank.

Government loyalists side stepped the findings of the Committee on Public Enterprises (COPE) during a debate initiated by the JVP and went onto the focus on the alleged corruption during Mahinda Rajapaksa’s decade in power.

Government’s anti-corruption activist and deputy minister Ranjan Ramanayake diverted attention to bond scams under the Rajapaksa administration and large scale corruption between 2005 and 2015.

Speaker after speaker from the government tried to say that corruption under the former government was worse than at present.

Donald Trump’s campaign manager Kellyanne Conway recently offered "alternative facts" when video and photographic evidence proved that their claims of record crowds at the presidential inauguration were false.

Amidst the mudslinging and outright lies, Opposition leader R. Sampanthan moved to lift the quality of the debate by focusing on the real issue – a debilitating plague of corruption.

"What is happening now. I am not saying Mr. Ranil Wickremesinghe is corrupt. I am not saying Mr. Maithripala Sirisena is corrupt, but there is corruption. you know it," Sampanthan said.

He said much was talked about the corruption that prevailed during the previous regime, but not a single person had been convicted or even indicted.

"Has anyone being convicted? No. Are you framing false charges that you cannot substantiate. The country needs to know.

"When there is so much of corruption levelled against the former government, why is it that no one has been convicted, or no one has even been charged in a court of law. Is it because you are protecting them?," he asked the government.

"Or is it because your charges are thoroughly unfounded and you cant substantiate them?"

Sampanthan said the country was "stinking" of corruption, but the worst thing was the loss of Central Bank’s credibility.

"The Central Bank has lost its credibility in this country. The Central Bank’s  misconduct, their misbehaviour, their acting beyond the legitimate functions of the Central Bank did not start yesterday or the day before.

"It started a long time ago, during the last regime. The Central Bank was accused of engaging in political propaganda on behalf of the government in the US."

He said the country had suffered immensely and wrong doers must be punished irrespective of their station in life. (COLOMBO, January 24, 2017)

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Water levels rising in Sri Lanka Kalu, Nilwala river basins: Irrigation Department

Sri Lanka Navy assisting in rescue operations (Pic courtesy SL Navy)

ECONOMYNEXT – Sri Lanka’s Irrigation Department has issued warnings that water levels in the Kalu and Nilwala river basins are rising and major flooding is possible due to the continuous rain. People living in close proximity are advised to take precautions.

“There is a high possibility of slowly increasing prevailing flood lowline areas of Kiriella, Millaniya, Ingiriya, Horana, Dodangoda, Bulathsinhala, Palinda Nuwara and Madurawala D/S divisions of Ratnapura and Kalutara Districts, up to next 48 hours,” it said issuing a warning.

“In addition, flood situation prevailing at upstream lowline areas of Ratnapura district will further be prevailing with a slight decrease.

“The residents and vehicle drivers running through those area are requested to pay high attention in this regard.

“Disaster Management Authorities are requested to take adequate precautions in this regard.”

The island is in the midst of south western monsoon.

DMC reported that 11,864 people belonging to 3,727 families have been affected due to the weather in Rathnapura, Kegalle, Kilinochchi, Jaffna, Mullaitivu, Kalutara, Gampaha, Colombo, Galle, Matara, Hambantota, Puttalam, Kurunegala, Kandy, Nuwara Eliya, Anuradhapura, Polonnaruwa, Badulla, Moneragala, and Trincomalee districts.

Meanwhile, the Meteorology Department stated that showers are expected on most parts of the island today.(Colombo/June3/2024)

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UNP gen secy defends call for postponing Sri Lanka poll, claims opposition silent

The UNP party headquarters in Pitakotte/EconomyNext

ECONOMYNEXT — United National Party (UNP) General Secretary Palitha Range Bandara has defended his call for postponing Sri Lanka’s presidential election by two years, claiming that his proposal was not undemocratic nor unconstitutional.

Speaking to reporters at the UNP headquarters Monday June 03 morning, Bandara also claimed that neither opposition leader Sajith Premadasa nor National People’s Power (NPP) leader Anura Kumara Dissanayake have spoken against his proposal.

“I have made no statement that’s undemocratic. My statement was in line with provisions of the constitution,” the former UNP parliamentarian said.

He quoted Section 86 of Chapter XIII of the constitution which says: “The President may, subject to the provisions of Article 85, submit to the People by Referendum any matter which in the opinion of the President is of national importance.”

Sections 87.1, 87.2 also elaborates on the matter and describes the parliament’s role, said Bandara.

“I spoke of a referendum and parliament’s duty. Neither of this is antidemocratic or unconstitutional. As per the constitution, priority should be given to ensuring people’s right to life,” he said.

“Some parties may be against what I proposed. They may criticse me. But what I ask them is to come to one position as political parties and make a statement on whether they’re ready to continue the ongoing economic programme,” he added.

Bandara claimed that, though thee has been much criticism of his proposal for a postponement of the presidential election, President Wickremesinghe’s rivals Premadasa and Dissanayake have yet to remark on the matter.

“I suggested that [Premadasa] make this proposal in parliament and for [Dissanayake] to second it. But I don’t see that either Premadasa nor Dissanayake is opposed to it. To date, I have not seen nor heard either of them utter a word against this. I believe they have no objection to my proposal which was made for the betterment of the country,” he said. (Colombo/Jun03/2024)

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300 of 100,000 trees in Colombo considered high risk: state minister

ECONOMYNEXT – Trees in Sri Lanka’s capital Colombo are being monitored by the municipal council, Army and Civil Defense Force as the severe weather conditions continue, State Minister for Defense Premitha Bandara Tennakoon said.

“Within the Colombo Municipal Council city limits, there are 100,000 trees. Of these, around 300 are considered high risk,” Tennakoon told reporters at a media conference to raise awareness about the current disaster management situation.

Not all trees required to be cut down he said. “We can trim some of the branches and retain them.”

The problem was that buildings in the vicinity of the tree had cut branches on one side, causing it to become unbalanced, the minister said.

New laws would be brought in so provincial/municipal institutions could strengthen enforcement of building codes.

“We don’t have a single institution that can issue a warning about a tree. Not one to tell us what trees can or cannot be planted near a road.

“Trees should be suitable for the area. Some trees have roots that spread and damage roads, buildings. When the roots can’t go deep, they tend to topple over.

“Now Environment Day is coming up, and anyone can go plant a tree by the road. We have to take a decision about this. We have to enforce laws strongly in future.” (Colombo/June3/2024)

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