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Monday June 3rd, 2024

Sri Lanka reporters drive fear into President, PM at Central Bank

ECONOMYNEXT – Sri Lanka’s President and Prime Minister are known to mingle freely with crowds with minimal security at former war zones, but when it comes to visiting the Central Bank, it is a whole new "Bond" game.

President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe made an unannounced visit to the Central Bank of Sri Lanka Wednesday as controversial Governor Arjuna Mahendran’s term came to a close.

Even the presidential photographer was initially kept out of the closed-door meeting at an upper floor of the Bank while reporters were firmly told to stay away as the two leaders feared any questioning on bond sales.

Hence, STF commandos adopted James Bond-style tactics to make sure that no reporter slipped through their cordon, possibly the tightest since the Tamil Tigers bombed the Bank in January 1996.

It is possible that the guards were treating the Central Bank as a crime scene and were acting to protect evidence, although it has been established at the COPE parliamentary committee that the bank’s vaults had no ears.

Despite the tight security cordon, an impertinent reporter managed to get within striking distance of Wickremesinghe to shout out a question as the premier tried to leave after the top-secret meeting.

"We discussed the economy," Wickremesinghe said as he quickly got into the car in another manoeuvre worthy of a Bond movie where the hero tries to escape hired assassins.

Neither the President nor the PM would take any questions about who made the real killing from long-tenure bonds in february last year and again in April this year or whether it was simply fiction worthy of a Hollywood blockbuster.

Mahendran himself was offering no comment on Wednesday, possibly his last day at the Bank. President Sirisena made it clear that there will be no "re-appointment" of a governor and only an "appointment."

"I will appoint a new Governor to the Central Bank in the coming hours," he said on Twitter. Mahendran could thus enter Sri Lankan history books as the first high-ranking official to be fired via Twitter. (COLOMBO, June 29, 2016)

Pease click on the links below to read more stories by our tongue-in-cheek columnist Namal Suvendra

 

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  1. Dr P Thilakawardhana says:

    Whoever was involved in the Bond scam, the country and the nation lost a colossal amount of money. All leaders except DS had been utter self-centred crooks and the present lot ( including the vulture family Rajapaksa) the sad thing is some of them are still in power, and the President is protecting them. What a tragic state, Don’t these vultures have any self-respect?

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  1. Dr P Thilakawardhana says:

    Whoever was involved in the Bond scam, the country and the nation lost a colossal amount of money. All leaders except DS had been utter self-centred crooks and the present lot ( including the vulture family Rajapaksa) the sad thing is some of them are still in power, and the President is protecting them. What a tragic state, Don’t these vultures have any self-respect?

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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