Home Blog Page 1437

President Wickremesinghe participates in the Voice of Global South Summit

0

H.E President Ranil Wickremesinghe participates in the Voice of Global South Summit

  India hosted a two-day Voice of Global South Summit virtually on 12-13 January 2023. With 10 sessions in total, the Summit saw the participation of Leaders and Ministers from 125 countries of the Global South including Sri Lanka.

2.     Under the theme “Unity of Voice, Unity of Purpose”, this one of a kind Summit focused on priorities, perspectives and concerns of the developing world. The Summit was particularly relevant as the world passes through a difficult period marked by challenges to health, food security, affordable access to energy, climate finance and technologies, and economic growth.

3.     Prime Minister Narendra Modi presided over the Inaugural Leaders’ session on 12 January 2023. This was followed by eight Ministerial-level thematic segments dedicated to addressing the most pressing concerns of the developing world. The Summit wrapped up on 13 January 2023 with a Concluding Leaders’ Session also hosted by Prime Minister Narendra Modi.

4.    H.E President Ranil Wickremesinghe attended the Concluding Leaders’ session. In his remarks, the President of Sri Lanka focused on economic issues of the developing world. He said that India was in the best position to act as a bridge between the developing countries which are facing a debt crisis and the G20. 

5.      Prime Minister Narendra Modi announced a number of new initiatives at the Concluding Leaders’ session such as: 

· Aarogya Maitri

· Global South Centre of Excellence

· Global South Science and Technology Initiative

· Global South Young Diplomats Forum

· Global South Scholarships

6.     State Minister of Finance Hon’ble Shehan Semasinghe attended the Finance Ministers’ session on 12 January 2023. In this session, Ministers exchanged views on financing the development needs of the Global South, achieving financial inclusion, implementation of digital public goods in the financial sector, and development partnerships that are outcome-oriented and financially sustainable.

7.     Participating countries recognized with appreciation that the Summit produced fruitful conversations and charted a new path through an action oriented agenda that strives to address their priorities and challenges. They underscored the agenda and quest for solutions to global challenges must include the voices of its biggest stakeholders, the Global South.

***

Colombo

15 January 2023

EASTER SUN­DAY BOMB­INGS AND THEIR IM­PACT

0

*Below is an article published by Gen­eral, Dr Boni­face Per­era on Daily Mirror on 21.05.2019 providing an in-depth scientific analysis as to who should be held accountable for the April 21 Easter Sunday carnage that took away more than 270 people. In his elaboration, Perera explains the grounds on which these parties should be held responsible as designated government officials at the time of the attack. LNW recirculates this feature in compliance with the recent Supreme Court ruling pertaining to the Fundamental Rights (FR) petitions filed over the Easter Sunday genocide, enabling our readers to bridge the events from a perspective of past-and-present comparison.

A series of bomb­ings struck churches and ho­tels in Sri Lanka on Easter Sun­day killing more than 250 peo­ple in­clud­ing 40 for­eign­ers and wound­ing more than 500 oth­ers fol­low­ing the Easter Sun­day sui­cide at­tacks that also dev­as­tated the liveli­hood of the en­tire na­tion. The at­tacks were the dead­li­est since the end of the civil war 10 years ago, and tar­geted three churches as well as four tourist ho­tels in Colombo.

These at­tacks were car­ried out by a lit­tle-known Is­lamic or­ga­ni­za­tion named Na­tional Thawheed Jama’ath (NTJ), which sent shock waves across all di­rec­tions in the coun­try.

WHO SHOULD BE HELD RE­SPON­SI­BLE?

At the out­set, I would like to place a ques­tion be­fore cit­i­zens of this coun­try – who should be held re­spon­si­ble for the Easter Sun­day at­tack for not tak­ing prompt ac­tions?

Ma­jor­ity of Sri Lankans be­lieve that the Pres­i­dent, the Prime Min­is­ter, the Sec­re­tary of De­fence, the Com­man­der of the Army and In­spec­tor Gen­eral of Po­lice.

WHY THE PRES­I­DENT?

Be­cause the Pres­i­dent is the Com­man­der in Chief of the Armed forces, head of the Se­cu­rity Coun­cil and Min­is­ter of De­fence and also Min­is­ter of Law and Order.

The in­for­ma­tion of a pos­si­ble bomb at­tack had been brought to the no­tice of the Pres­i­dent many a time at the Se­cu­rity Coun­cil by In­tel­li­gence Chief and re­spon­si­ble De­fence and Po­lice Of­fi­cers.

This will be fur­ther proved by the in­for­ma­tion pro­vided by In­dian au­thor­i­ties.

In­dian in­tel­li­gence man­aged to break into Na­tional Thawheed s com­mu­ni­ca­tions and be­gan tap­ping into the plot, ac­cord­ing to Ajai Sahni, Ex­ec­u­tive Di­rec­tor of the In­sti­tute for Con­flict Man­age­ment in New Delhi.

“That is why the kind of de­tail­ing of the in­ci­dent they re­ceived was very, very spe­cific,” Sahni said.

“They knew the group, they knew the tar­gets, they knew the time, they knew the where­abouts of the sui­cide bombers, and all of this was com­mu­ni­cated to the Sri Lankan Gov­ern­ment.”

Top Sri Lankan of­fi­cials also have ac­knowl­edged that some of the is­land na­tion’s in­tel­li­gence units were given ad­vance no­tice about the at­tacks and that lit­tle was done to pre­vent them. Ac­cord­ingly, al­though am­ple and ac­cu­rate pieces of in­for­ma­tion were pro­vided well in ad­vance, the Com­man­der in Chief failed to take ei­ther pre­emp­tive nor pre­ven­tive ac­tions caus­ing a mas­sive hu­man dis­as­ter in the Sri Lanka his­tory cre­at­ing a lot of un­cer­tain­ties, ten­sion and panic among peo­ple and ru­in­ing the na­tional se­cu­rity, na­tional econ­omy, na­tional cul­ture, na­tional in­tel­li­gence, which have a cor­re­la­tion with po­lit­i­cal lead­er­ship di­rectly im­pact­ing na­tional sur­vival.

Fur­ther­more, Jonah Blank a prin­ci­pal in­ves­ti­ga­tor and se­nior po­lit­i­cal sci­en­tist for the RAND Cor­po­ra­tion said, “In this case, it does ap­pear as if there was a po­lit­i­cal fail­ure which led to a poor Gov­ern­ment re­sponse. The warn­ing from an ex­ter­nal in­tel­li­gence agency ( al­most cer­tainly In­dia) was re­ported re­layed to the of­fice of Pres­i­dent Sirisena. It seems as if these warn­ing were not acted on suf­fi­ciently and were not re­layed to Prime Min­is­ter Ranil Wick­remesinghe. There are two rea­sons for this! First, the Pres­i­dent doesn’t trust the Prime Min­is­ter (He tried to have him ousted in Oc­to­ber 2018), and there is bad blood be­tween them. Sec­ond, the Pres­i­dent be­lieves that In­dia favoured the Prime Min­is­ter over him, so he may have dis­counted the in­tel­li­gence on these grounds.”

There­fore, Pres­i­dent Sirisena can­not wash his hands off from his re­spon­si­bil­ity for na­tional se­cu­rity sim­ply by sack­ing the Sec­re­tary of De­fence and the Po­lice Chief. As per Ar­ti­cle 30(1) of the Con­sti­tu­tion, “The Pres­i­dent of the Re­pub­lic-of Sri Lanka who is the Head of the State, Head of the Ex­ec­u­tive and of the Gov­ern­ment and the Com­man­der – in Chief of the Armed Forces.”

Ac­cord­ingly, the SC judge­ment re-19th Amend­ment, na­tional se­cu­rity is an in­alien­able part of peo­ple’s sovereignty re­posed on the Pres­i­dent in trust. As per the opin­ions of le­gal ex­perts, in­ac­tion of com­man­der in chief has amounted to vi­o­la­tion of fun­da­men­tal rights of vic­tims and cit­i­zens.

Sim­i­larly in France, the cred­i­bil­ity of King Louis XVI was deeply un­der­mined and the abo­li­tion of the monar­chy and the es­tab­lish­ment of a re­pub­lic be­came an ever in­creas­ing pos­si­bil­ity. Louis XVI was the last king of France and the first part of his reign was marked by at­tempts to re­form the French Gov­ern­ment in ac­cor­dance with en­light­en­ment ideas like ya­ha­palanaya.

The king failed to ful­fil prom­ises made in­clud­ing to pro­vide ba­sic need bread which was the sta­ple food. It says when peo­ple asked for bread, the queen replied “Why? Don’t they have cake?” This am­ply demon­strated and knowl­edge he had on peo­ple and to­wards hu­man­ity. King’s in­de­ci­sive­ness and con­ser­vatism led by some el­e­ments of the peo­ple of France to view him as a sym­bol of the per­ceived tyranny in ad­di­tion to be­ing in­ef­fec­tive, in­ef­fi­cient and use­less to the na­tion.

The king was ar­rested and tried by na­tional con­ven­tion, found guilty of high trea­son and ex­e­cuted by guil­lo­tine on Jan­uary 21, 1793 as a de­sacral­ized French cit­i­zen.

WHY THE PRIME MIN­IS­TER?

Af­ter the 19th Amend­ment two sources of au­thor­i­ties were cre­ated. In terms of prac­ti­cal­ity the in­cum­bent PM is the key re­spon­si­ble per­son be­hind most of the pol­icy is­sues of the Gov­ern­ment. As the PM, who is likely to have the com­mand of Par­lia­ment and the leader of the po­lit­i­cal party who formed the board of min­is­ters is un­der the ef­fec­tive con­trol of the ex­ec­u­tive pow­ers in­clud­ing the na­tional se­cu­rity. There­fore, Prime Min­is­ter is also re­spon­si­ble for the hu­man dis­as­ter for fail­ing.

THE IGP AND THE DE­FENCE SEC­RE­TARY

Both of them were asked to re­sign as they were held re­spon­si­ble and were pend­ing in­quiries. It is un­fair and un­re­al­is­tic to hold Navy and Air Force com­man­ders re­spon­si­ble as ex­trem­ists car­ried out a land at­tack and there was no vi­o­la­tion of air and sea.

WHY THE ARMY COM­MAN­DER?

The Army Com­man­der is per­son­ally re­spon­si­ble for han­dling, di­rect­ing, man­ag­ing, con­trol­ling and com­mand­ing mil­i­tary in­tel­li­gence.

Mil­i­tary in­tel­li­gence in­cludes in­for­ma­tion on other coun­tries’ mil­i­tary forces, plans, and op­er­a­tions gained through a va­ri­ety of col­lec­tion meth­ods. It helps civil­ian pol­i­cy­mak­ers and mil­i­tary lead­ers un­der­stand po­lit­i­cal and mil­i­tary trends around the world, the sources of po­ten­tial re­gional con­flict, and emerg­ing threats to the global and re­gional se­cu­rity en­vi­ron­ment, and pro­vides rec­om­men­da­tions on how best to em­ploy in­for­ma­tion-gath­er­ing tech­niques and tech­nolo­gies. All these process fails when mil­i­tary in­tel­li­gence is ne­glected.

The Sri Lanka Army is a clas­sic ex­am­ple of neg­li­gence of mil­i­tary in­tel­li­gence by the Army Chief.

It has re­duced the mil­i­tary ef­fec­tive­ness and ef­fi­ciency and put the mil­i­tary into a darker side al­low­ing the en­emy to cap­i­tal­ize on the weak se­cu­rity sit­u­a­tion. The Easter Sun­day at­tack on Sri Lankan Chris­tian churches and tourist ho­tels killing more than 250 civil­ians in­clud­ing 40 for­eign­ers proved the con­se­quences of neg­li­gence of mil­i­tary in­tel­li­gence where Army com­man­der him­self should be held re­spon­si­ble and he can­not blame po­lice say­ing that po­lice didn’t pass down the in­for­ma­tion. It is the prime re­spon­si­bil­ity of the Com­man­der of the Army to find, an­a­lyze and take ac­tions against a threat to na­tional se­cu­rity, where he failed. There­fore, in­ex­pe­ri­enced Army com­man­der who lacks re­quired knowl­edge in na­tional se­cu­rity same as dis­missed the Sec­re­tary of De­fence, should re­sign with­out fur­ther prov­ing to the world his in­abil­ity.

Sim­i­larly, In­dia’s Naval Chief Adm. D.K. Joshi, re­signed af­ter a Rus­sian-made In­dian sub­ma­rine caught fire off the coast of Mum­bai, in­jur­ing seven of­fi­cers and leav­ing two miss­ing. Af­ter the ac­ci­dent, Adm. D. K. Joshi, the Chief of the In­dian Naval Staff, sub­mit­ted his res­ig­na­tion, “Tak­ing moral re­spon­si­bil­ity for the ac­ci­dent.”

Like­wise in USA, the Air Force’s Gen­eral Ron­ald R. Fogle­man, top of­fi­cer re­tired cit­ing “a va­ri­ety of rea­sons” that in­cluded dif­fer­ences over re­spon­si­bil­ity for fail­ing to de­fend against a ter­ror­ist at­tack that killed 19 U.S. ser­vice­men last year in Saudi Ara­bia.

“I do not want the in­sti­tu­tion to suf­fer and I am afraid it will if I am seen as a di­vi­sive force and not a team player,” Gen. Ron­ald R. Fogle­man, the Air Force chief of staff, said in a writ­ten state­ment. He be­comes the first of 16 Air Force chiefs to step down vol­un­tar­ily be­fore com­plet­ing his full term.

The chief of France’s armed forces re­signed in a dis­pute with Em­manuel Macron over de­fence bud­get cuts. In a state­ment, 60 year-old Pierre de Vil­liers said he had tried to keep the armed forces fit for an ever more dif­fi­cult task within the fi­nan­cial con­straints im­posed on it, but was no longer able to sus­tain that.

“In the cur­rent cir­cum­stances I see my­self as no longer able to guar­an­tee the ro­bust de­fence force I be­lieve is nec­es­sary to guar­an­tee the pro­tec­tion of France and the French peo­ple, to­day and to­mor­row, and to sus­tain the aims of our coun­try,” he said.

Above ex­am­ples am­ply demon­strate qual­i­ties of an of­fi­cer and a gentleman of pro­fes­sional Armed Forces in the world, more than com­mand re­spon­si­bil­ity.

One must un­der­stand that, one can­not de­mand re­spect, but that it should be com­manded. This is the most im­por­tant mo­ment in Sri Lankan his­tory. It was proved be­yond doubt that the per­son who holds the of­fice of Com­man­der of the Sri Lanka Army lacks competency and ex­pe­ri­ence to tackle Sri Lanka Army, which had an im­mense rep­u­ta­tion in de­feat­ing the world’s most ruth­less ter­ror­ist or­ga­ni­za­tion and there­fore, he should not try to fur­ther stay in the seat for per­sonal ben­e­fits at the mercy of politi­cians spe­cially the Pres­i­dent.

PRES­I­DENT’S PROM­ISE TO CHANGE HEADS OF DE­FENCE FORCES

Sri Lankan Pres­i­dent Maithri­pala Sirisena said he ex­pected to change the heads of the coun­try’s de­fence forces within a day fol­low­ing their fail­ure to pre­vent the Easter Sun­day bomb­ings, de­spite the fact they had prior in­for­ma­tion about the at­tacks.

“I will com­pletely restruc­ture the Po­lice and Se­cu­rity Forces in the com­ing weeks. I ex­pect to change the heads of de­fence es­tab­lish­ments within the next 24 hours,” Sirisena said in a tele­vised ad­dress to fam­ily mem­bers. They may strug­gle with or face new chal­lenges fol­low­ing the event and they may suf­fer from post stress trau­matic dis­or­der (PSTD) which au­thor­i­ties must take prompt ac­tions. In­tereth­nic anx­i­ety has also risen in the af­fected dis­tricts as well as in the coun­try.

There are a lot of un­cer­tain­ties, ten­sion and panic among peo­ple, due to on­go­ing threats of an­other round of ex­plo­sions, on­go­ing se­cu­rity check­ing across coun­try, sus­pi­cion about ter­ror­ists and state of emer­gency be­ing is­sued and au­thor­i­ties warned that the coun­try still faces the threat of ISIS ter­ror at­tacks.

IM­PACTS PO­LIT­I­CAL

The In­spec­tor Gen­eral of Po­lice, Pu­jith Jaya­sun­dara, came un­der heavy crit­i­cism fol­low­ing the bomb­ings with the United Peo­ple’s Free­dom Al­liance urg­ing that he re­sign for this to­tal fail­ure to pre­vent the bomb­ings. Later, for­mer Pres­i­den­tial can­di­date Field Mar­shal Sarath Fon­seka claimed it was un­fair to blame the IGP and claimed it was a con­flict be­tween the func­tion­ing of mil­i­tary in­tel­li­gence and crim­i­nal in­ves­ti­ga­tors, and called for bet­ter in­tel­li­gence mech­a­nisms and se­cu­rity clear­ances to be stream­lined.

In a speech de­liv­ered in Par­lia­ment, for­mer Pres­i­dent and Cur­rent Op­po­si­tion Leader Mahinda Ra­japaksa slammed the Gov­ern­ment for weak­en­ing the in­tel­li­gence ser­vices over the years.

He stated that in Jan­uary 2015, he handed over a se­cure and peace­ful coun­try with a strong na­tional se­cu­rity ap­pa­ra­tus.

He claimed the present Gov­ern­ment was squarely re­spon­si­ble for the 2019 Easter Sun­day bomb­ings, stat­ing that on an im­por­tant oc­ca­sion such as Easter, rep­re­sen­ta­tives of the Gov­ern­ment usu­ally at­tend Mass; on this oc­ca­sion, no rep­re­sen­ta­tives were present in or near churches.

He blamed the Gov­ern­ment for di­lut­ing the pow­ers of the na­tional se­cu­rity ap­pa­ra­tus and claimed this ter­ror­ist at­tack would never have oc­curred un­der his ad­min­is­tra­tion. Ad­di­tion­ally, the Gov­ern­ment was pre­par­ing to re­peal the Pre­ven­tion of Ter­ror­ism Act; he ques­tioned what kind of po­si­tion the Gov­ern­ment would have been in to re­spond to the in­ci­dent had they been suc­cess­ful in hav­ing the Act re­pealed.

On April 24, 2019, Pres­i­dent Sirisena promised ma­jor changes to the lead­er­ship of the se­cu­rity forces within the next 24 hours and pledged a “com­plete restruc­ture” of the po­lice and na­tional se­cu­rity forces in the com­ing weeks. These changes come amidst al­le­ga­tions that a rift be­tween the Pres­i­dent and Prime Min­is­ter con­tributed to the fail­ure to ef­fec­tively re­spond to threats that un­der­mine na­tional se­cu­rity.

The in­ci­dent also caused a ma­jor set­back for the Gov­ern­ment and for other po­lit­i­cal par­ties just be­fore the 2019 Sri Lankan pres­i­den­tial elec­tion. Prime Min­is­ter Ranil Wick­remesinghe later apol­o­gised for fail­ing to stop the at­tacks is­su­ing a state­ment on twit­ter stat­ing “We take col­lec­tive re­spon­si­bil­ity and apol­o­gise to our fel­low cit­i­zens for our fail­ure to pro­tect vic­tims of these tragic events. We pledge to re­build our churches, re­vive our econ­omy, and take all mea­sures to pre­vent ter­ror­ism, with the sup­port of the in­ter­na­tional community.

ECO­NOMIC

Tourism in Sri Lanka is the coun­try’s third largest for­eign ex­change earner and em­ploys around 135,000 to 150,000 in the in­dus­try. The in­dus­try had ex­pected three mil­lion tourist ar­rivals and a rev­enue of $5 bil­lion in 2019. Due to the at­tack on tourists, The Ho­tels As­so­ci­a­tion of Sri Lanka es­ti­mated a loss of $1.5 bil­lion in tourism earn­ings for the year.

The Gov­ern­ment’s plan to grant visa-onar­rival to vis­i­tors from 39 coun­tries has been sus­pended due to the cur­rent se­cu­rity sit­u­a­tion.

SO­CIAL

Min­is­ter Patali Champika Ranawaka called for the Bat­ticaloa Cam­pus and Is­lamic Study Cen­tres (Madrasas) in Beruwala, Ma­haragama, Trin­co­ma­lee and Ad­dalaichchenai be brought un­der the con­trol and su­per­vi­sion of the Univer­sity Grants Com­mis­sion (UGC) and the Ed­u­ca­tion Min­istry.

On April 27, 2019, Sri Lanka Cricket called off an un­der-19 tour of the coun­try by the Pak­istan cricket team, sched­uled to take place in May, say­ing “We didn’t want to take any chances”.

In the wake of the at­tacks thou­sands of Sri Lankans bought ter­ror­ism in­sur­ance. Is­lamic chan­nel Peace TV, which is run by preacher and tel­e­van­ge­list Za­kir Naik was of­fi­cially banned in the coun­try by the main satel­lite cable op­er­a­tors Di­a­log TV, PEO TV and Lanka Broad­band Net­work fol­low­ing the at­tacks even be­fore the Govern­men­tal in­ter­ven­tion.

The chan­nel is also al­leged for its hate speech and also ac­cused to have been used by the Is­lamic State to brain­wash the young­sters and was pre­vi­ously banned in In­dia and Bangladesh.

RE­AC­TIONS DO­MES­TIC RE­SPONSES

Lead­ers of the coun­try con­demned the at­tacks: Pres­i­dent Maithri­pala Sirisena said “I have given in­struc­tions to take very stern ac­tion against the per­sons who are re­spon­si­ble for this con­spir­acy”, the Prime Min­is­ter Ranil Wick­remesinghe said “I strongly con­demn the cow­ardly at­tacks on our peo­ple to­day, Op­po­si­tion Leader and for­mer Pres­i­dent Mahinda Ra­japaksa called the at­tacks “ab­so­lutely bar­baric” and said that the na­tion will stand united as one against “acts of ter­ror­ism”, and Fi­nance Min­is­ter Man­gala Sa­ma­raweera de­scribed the at­tacks as a “well co-or­di­nated at­tempt to cre­ate mur­der, may­hem and an­ar­chy”.

Ro­man Catholic Arch­bishop of Colombo, His Em­i­nence Car­di­nal Mal­colm Ran­jith said “It’s a very, very sad day for all of us. I wish there­fore to ex­press my deep­est sor­row and sym­pa­thy I con­demn to the ut­most of my ca­pac­ity this act that has caused so much death and suf­fer­ing to the peo­ple.”

Fol­low­ing the at­tack, the Arch­bishop’s House in Colombo can­celled all Catholic Easter ser­vices planned for the evening of Easter Sun­day.

IN­TER­NA­TIONAL RE­SPONSE

Nu­mer­ous world lead­ers ex­pressed con­do­lences and con­dem­na­tion. Pres­i­dent of the Eu­ro­pean Par­lia­ment An­to­nio Ta­jani re­ferred to the bomb­ings as an act of geno­cide.

The Fin­lan­dia Hall in Helsinki il­lu­mi­nated in the colours of the Sri Lankan flag to ex­press sol­i­dar­ity.

Af­ter the bomb­ings, nu­mer­ous build­ings around the world were il­lu­mi­nated in Sri Lanka’s colours, some of which in­cluded the Flin­ders Street rail­way sta­tion in Melbourne, the Opera House in Syd­ney, the Fin­lan­dia Hall in Helsinki, the North­ern Spire Bridge and Pen­shaw Mon­u­ment in Sun­der­land, the Burj Khal­ifa in Dubai, the Emi­rates Palace, AD­NOC Head­quar­ters, Cap­i­tal Gate and Ma­rina Mall in Abu Dhabi, the City Hall in Tel Aviv, the Penn­syl­va­nia State Capi­tol in Har­ris­burg, and the Sky Tower in Auck­land. The Eif­fel Tower in Paris went dark as a memo­rial for the vic­tims of the bomb­ings.

The New York Stock Ex­change paused for a mo­ment of si­lence be­fore the open­ing bell on the day af­ter the at­tacks. Real Madrid CF also had a mo­ment of si­lence be­fore the La Liga match on the night of the at­tacks. Can­dle­light vig­ils were held and flags were also flown at half-mast around the world in­clud­ing in Pak­istan, Canada, In­done­sia, New Zealand, Aus­tralia and the United King­dom.

ISIS CLAIMED RE­SPON­SI­BIL­ITY

In the mean­time, the Is­lamic State of Iraq and the Le­vant (ISIL or ISIS or IS) group claimed re­spon­si­bil­ity for the bomb­ings via its Amaq news por­tal.

“Those who car­ried out the at­tack that tar­geted the cit­i­zens of the coalition and Chris­tians in Sri Lanka were Is­lamic State fight­ers,” the group said in a state­ment. In a later state­ment, the group gave the names of seven peo­ple, who it said were be­hind the “ji­hadist at­tack” that tar­geted Chris­tians dur­ing their “blas­phe­mous hol­i­day”, re­fer­ring to Easter. It also re­leased a photo of eight men it said were be­hind the blasts.

SUR­VIVAL OF SRI LANKA AND WHERE ARE WE?

Sur­vival of any na­tion on this planet de­pends on na­tional se­cu­rity, eco­nomic ca­pa­bil­ity, Diplo­matic Ca­pa­bil­ity, sci­ence and in­no­va­tion ca­pa­bil­ity, In­for­ma­tion ca­pa­bil­ity, strate­gic cul­ture and fi­nally po­lit­i­cal ca­pa­bil­ity.

When po­lit­i­cal ca­pa­bil­ity or the po­lit­i­cal lead­er­ship is weak, first and fore­most na­tional se­cu­rity will be threat­ened. Then it will hit the na­tional econ­omy. Fol­lowed by di­plo­macy, na­tional sci­ence and in­no­va­tion, na­tional cul­ture and in­for­ma­tion struc­ture.

At present all the pil­lars of sur­vival have been badly af­fected in our coun­try. How did it hap­pen? I be­lieve, It is not that dif­fi­cult for some­one with com­mon sense to un­der­stand where the real prob­lem lies in our moth­er­land?

De­sha­keerthi Lanka Puthra, Gen­eral, Dr Boni­face Per­era (PHD)

Reports on Fr. Cyril Gamini being summoned to CID false

0

Reports on Rev. Fr. Cyril Gmaini, a prominent voice among those struggling for justice for the Easter Sunday attack, being summoned to the Criminal Investigation Department (CID) tomorrow (16) are false, LNW learned.

Queried on the matter, LNW was briefed by Fr. Gamini’s delegation that no such summoning has been made.

Meanwhile, a silent assembly will take place from 9 am to 12 noon in the precincts of the CID tomorrow. A number of priests and religious people will join in a silent recitation of the Rosary, and the lay people are also welcome to join.

MIAP

Faiszer Musthapha leaves SLFP!

0

Faiszer Musthapha PC, one of the senior vice presidents of the Sri Lanka Freedom Party (SLFP), has reportedly resigned from all of his designated Party titles.

His letter of resignation has been handed over to Party Leader, former President Maithripala Sirisena this (15) afternoon.

His resignation was announced during the special discussion held by the SLFP this afternoon.

MIAP

President Wickremesinghe meets with Prince Bin Juma Al Maktoum

0

A meeting between HRH Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, Member of UAE Ruling Family, and President Ranil Wickremesinghe was held today (15).

The two parties exchanged views on the country’s current situation, and Prince Bin Juma Al Maktoum has expressed his support for Sri Lanka.

The two parties also discussed investments into the energy, technology and agriculture sectors in the country.

46 Sri Lankans attempted to illegally enter France’s Réunion Island via sea repatriated

0

Authorities of the Réunion Island of France repatriated 46 Sri Lankan nationals to Sri Lanka by air on the evening of 13th January 2023. Reportedly, the group of Sri Lankans was apprehended as they were attempting to migrate to the Réunion Island illegally by sea.

The suspects set out aboard a multiday fishing trawler (IMUL – A- 0559 CHW) from Negombo on 02nd December 2022. The group of individuals comprises 43 males including the crew of the multiday fishing vessel, 02 females and 01 boy. They were apprehended as they were attempting to illegally enter the Réunion Island of France on 24th December 2022. They have been identified as residents of Jaffna, Kilinochchi, Mullaitivu, Mannar, Batticaloa, Chilaw and Negombo, from 13 to 53 years of age.

Meanwhile, the group of individuals will be handed over to the Criminal Investigation Department for onward legal action.

It has been revealed that the smugglers in Dehiwala area, who led this smuggling, charged an amount from Rs. 200,000 rupees to Rs. 4,500,000 from one person. Smugglers orchestrate this nature of unlawful acts with the intention of making a fast buck, by defrauding innocent people. Therefore, the Navy urges the public to avoid being victimized to such ploys and waste their hard-earned money.

The French government does not entertain the illegal entry of people to the Réunion Island and such people will be immediately repatriated upon apprehension.

SL Navy

SL Workers’ remittances gain to US475.6 in December 2022

0

Sri Lanka has set an ambitious target of US $1 billion monthly foreign inflow from worker remittance by end-2023 with more people leaving the island nation for offshore jobs after an unprecedented economic crisis, Foreign Employment and Labour Minister Manusha Nanayakkara said.

Workers’ remittance inflows have historically been a driving force of the Sri Lankan economy. Sri Lankan migrant workers’ foreign remittances have increased to US$ 475.6 million in December 2022 from US$ 325.2 million in December 2021, he disclosed.

He tweeted that this is a 46% (US$ 150 million) increase compared to the inflows recorded in December 2021.

However, the inflow of workers’ remittances contracted significantly in 2021 reflecting the implications of the COVID-19 pandemic and the increased tendency to remit money through informal channels.

At the same time, the external sector continues to show significant vulnerabilities making numerous challenges for the economy.

In this context, promoting workers’ remittance inflows to the country is imperative to overcome the heightened external shocks, Minister Nanyakkara added. .

Also, the importance of workers’ remittances as a steady source of foreign exchange in Sri Lanka has grown among the researchers and the policy makers

Worker remittances sent by Sri Lankan expatriates jumped 46 percent in December, but the inflows were still 31 percent down for the year after a record high number of the people migrated in 2022.

The remittances, which were the top foreign exchange earners fell from December 2021 most workers sought to send money via illegal hawala and undiyal methods in the face of the central bank kept the rupee propped up artificially.

Even after the currency was allowed to depreciate sharply from 200 rupees per dollar to 360, the worker remittances were down.

The remittances jumped 46 percent to $475.6 million in December 2022, compared to $325.2 million in the same month of the previous year.

However, the inflows fell 31 percent for the whole 2022 to $3,786.5 million from the previous year’s 5,491.5 million, the latest central bank data showed.

Though the island nation saw a record 311,269 people leaving the country as migrant workers last year, the worker remittances have yet to rise.

Central Bank compels to reduce interest rates after the horse bolted

0

Sri Lanka market rates on longer-term government debt – bonds and treasury bills – are about twice as high as the high policy rates for overnight money, increasing the government’s burden in covering its budget deficit and refinancing maturing debt, several economic analysts said.

“If an appropriate downward adjustment in the market interest rates would not take place in line with the envisaged disinflation path, the central bank will be compelled to impose administrative measures to prevent any undue movements in market interest rates,” CBSL said in a statement.

The island nation has been struggling with soaring inflation, partly triggered by its worst financial crisis in seven decades and an ill-considered ban on chemical fertilisers implemented last year and since reversed.

Central Bank threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook.

Any such action, interpreted by economists as meaning it might push market rates down, would lower the government’s high borrowing costs.

However, it was unclear how the central bank could force investors to support public finances at lower rates than they expected.

Well known banker, eminent economist and Board of Investment (BOI) chairman Dinesh Weerakkody said that h igh interest rates increase the cost of borrowings, reduce disposable income and thereby limit growth in consumer spending and business expansion.

When the cost of money in the form of interest rates rises rapidly, growth may slow down sharply or even give way to a contraction in the economy, with the risk of business bankruptcies.

With higher interest rates taking hold, borrowers should expect to pay more for business loans and consumers to pay more for medical loans, car loans, credit cards, and housing loans he said adding that indeed, a rising interest rate environment impacts consumers alike whether they are net borrowers or net savers – the former more than the latter.

How ever he pointed out that the positive side of high interest rates are they tend to reduce inflationary pressures and cause an appreciation in the exchange rate.

But Sri Lanka’s recent spike in inflation was largely driven by a man-made forex crisis from an artificially overvalued currency used to defend it, and thereby depleting its meagre usable foreign reserves. As a consequence we imported inflation, he claimed

The high interest rates have hit the middle and lower class right in the belly and negatively impacted the SMEs and now the organised private sector, he added.

With the instinct of all ways reversing the monetary policy after causing the damage, Governor of Central Bank Nandalal Weerasinghe disclosed recently that steps will be taken in 2023 to reduce key interest rates in Sri Lanka

Weerasinghe told media that inflation is also expected to fall in 2023 and Sri Lanka’s inflation rate eased to 57.2 per cent in December from 61 per cent in November, noting that this reflected that the policies they have taken from April 2022 were successful.

High interest rates have kept inflation down but the rates will be reduced as the economy stabilizes, he said.

Sri Lanka’s central bank in November 2022 decided to maintain the Standing Deposit Facility Rate and the Standing Lending Facility Rate at the levels of 14.50 per cent and 15.50 per cent, respectively.

Plane carrying 72 people crashes in Nepal

0

Video on local media showed thick black smoke billowing from the crash site. Some bodies have been recovered from the wreckage, which an army spokesperson said had “broken into pieces”.

A plane carrying 72 people has crashed in Nepal, officials have said.

Video on local media showed thick black smoke billowing from the crash site as rescue workers and crowds gather around the wreckage of the aircraft..

It was carrying 68 passengers and four crew members, a spokesperson for the airline said. Of the passengers, 10 were foreigners while two were infants.

Ten foreigners were on board, as well as two infants, a spokesman for the airline said.

Some bodies had been recovered from the site in western Pokhara.

At least 16 people have been killed, an army spokesperson said.

“We expect to recover more bodies,” Krishna Bhandari said. “The plane has broken into pieces.”

Prime Minister Pushpa Kamal Dahal called an emergency cabinet meeting and urged security personnel and the general public to help with rescue efforts.

The twin-engine ATR 72 operated by Yeti Airlines was en route from the capital Kathmandu, the airport official said.

Plane crashes are not uncommon in Nepal, which hosts eight of the world’s 14 highest mountains including Everest, as the weather can change suddenly and make for hazardous conditions.

Last year 22 people died when a plane crashed on a mountainside.

In 2018 a US-Bangla passenger plane from Bangladesh crashed on landing in Kathmandu, killing 49 of the 71 people on board.

Sky News

Fitch downgrades 10 Sri Lankan Banks’ Ratings

0

Fitch Ratings has downgraded the National Long-Term Ratings of 10 Sri Lankan banks following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan national rating scale.

The recalibration is to reflect changes in the relative credit worthiness among Sri Lankan issuers following Fitch’s downgrade of Sri Lanka’s Long-Term Local Currency Issuer Default Rating (IDR) to ‘CC’ from ‘CCC’/Under Criteria Observation on 1 December 2022.

Fitch typically does not assign Outlooks or apply modifiers to sovereigns with a rating of ‘CCC+’ or below.

National scale ratings are a risk ranking of issuers in a particular market designed to help local investors differentiate risk. Sri Lanka’s national scale ratings are denoted by the unique identifier ‘(lka)’.

Fitch adds this identifier to reflect the unique nature of the Sri Lankan national scale. National scales are not comparable with Fitch’s international rating scales or with other countries’ national rating scales.

The National Ratings of the Sri Lankan banks consider their creditworthiness relative to other issuers in the country.

The downgrades of the National Ratings of the 10 banks are driven by the downgrade of the sovereign’s Long-Term Local-Currency IDR and the recalibration of the national rating scale while also reflecting the relative creditworthiness among Sri Lankan issuers.

A probable default on the sovereign’s local-currency obligations increases the risk that authorities will impose restrictions on banks servicing their local-currency obligations. That said, we believe this risk is lower than non-payment by the sovereign.

The downgrade of CBL’s rating incorporates the additional consideration of parent CT Holdings PLC’s (CTH) limited ability to provide extraordinary support. This is reflected in CBL’s large size relative to the group and the bank’s weak standalone credit profile.

The Inland Revenue Commissioner General pointed out during the discussion that the amount of tax collected in the year 2022 is Rs. 860 billion and the amount of tax expected to be collected for the year 2023 is Rs. 1,667 billion in amount.

Accordingly, compared to last year, it is expected to receive more tax money amounting to 922 billion rupees this year, he said.

As Sri Lanka closes in on a $2.9 billion loan deal from the International Monetary Fund and its economy starts to stabilize, India is seeking to land ambitious long-term investments worth over $1 billion, including in the energy sector, with an eye on countering the influence of regional rival China.

Sri Lanka aims at increasing tax revenue by 69 percent to Rs.3,130 billion this year from Rs.1,852 billion in 2022 while bringing down the budget deficit to 7.9 percent in 2023 from revised 9.8 percent in 2022.

The high tax revenue target comes as millions of Sri Lankans face the impacts of the ongoing economic crisis – 66 percent inflation, job losses, and shrinking disposable income.

The largest amount which is Rs. 603 billion as expected tax revenue in 2023 is expected to receive from corporate income tax. The local revenue officials also indicated that an income of 553 billion rupees is expected from the value-added tax (VAT).