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Monday June 3rd, 2024

Anger over Sri Lanka’s ban on balls

ECONOMYNEXT – When the finance ministry tightened imports last week, balls were treated exceptionally harshly and only small balls escaped the squeeze, but the size discrimination left both sportsmen and women fuming.

The Gazette Extra Ordinary 2294/30 of August 23, 2022 allowed smaller golf balls and ping pongs escaped the crushing import restriction that applied to bigger balls used in cricket, tennis, football and rugby. Even inflatable balls were chopped.

How did the rich-man’s golf ball escape? There is no immediate explanation from the Treasury or the Central Bank which had wanted controls to buttress its attempt to save foreign exchange.

Is it because of special Golf interests? Bollocks, says an insider.

Is it because a honcho at the central bank loved to play with small balls and drives every morning to the Royal Colombo Golf Club? Bollocks, says an insider.

He pointed out that even smaller balls —used for vehicles and machinery — were banned. The tiniest ball bearings (HS Code 8482.10.00) were also prohibited under the new decree.

He also noted that screws (HS code 8483.40.00) were also “temporarily suspended” under the new dictate of the Finance ministry.

The government also banned rackets although eliminating rackets may be a tough nut to crack. Tennis, badminton or similar rackets, with or without strings (HS Code 9506.51.00) are also not allowed.

Another wise move was to ban dummies.

“Dummies and other lay figures, automata and other animated displays used for shop window dressing,” will be banned until further notice.

The ban comes a week after Central Bank of Sri Lanka Governor Nandalal Weerasinghe noted that foreign exchange liquidity in commercial banks had improved and they had enough to finance the import of essentials such as fuel, food and medicines.

Why then resort to a new round of import restrictions that will have a castrating, sorry, cascading effect on the entire economy. We might need a crystal ball to figure that out, but wait, that is also banned. (COLOMBO/Aug 26/2022)

Read the most recent columns by our tongue-in-cheek correspondent Namal Suvendra below:

Sri Lanka’s worst crisis could be biggest blessing

Sri Lanka’s prestige battle: Ananda passes the baton of blame

Click hear to read more Namal Suvendra columns.

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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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