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Private buses will be taken out of service by Monday as the diesel crisis has intensified – Gemunu

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The Ceylon Private Bus Owners’ Association says that all private buses will have to be taken out of service by Monday as the diesel crisis has intensified.

“The diesel crisis has seriously affected private buses. We have a problem with when diesel will arrive. Therefore, we clearly state that we do not expect diesel to be available in the next two days. However, we will have to stop the bus service completely by Monday. Because we can’t run buses without diesel. SLTB has failed to provide diesel ”

The President of the Lanka Private Bus Owners’ Association Gemunu Wijeratne stated this in a statement issued to the media today (31).

Ananda Sagara Thero prepares swear in as the Central Bank Governor

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An attempt by the Chairman of ‘Surakimu Sri Lanka’ Pahiyangala Ananda Sagara Thero to be sworn in as the Governor of the Central Bank of Sri Lanka has been foiled by the security forces yesterday (30), reports say.

“We can do better at governing the Central Bank. Therefore, today we tried to go inside the Central Bank and take the oaths as the Governor of the Central Bank. But it was not allowed. I believe we can do this job better than the Governor of the Central Bank Ajith Nivard Cabraal ”

He also stressed that the Mahanayake Theras should come out and reach an agreement against the current crisis in the country.

The protest in front of the Central Bank of Sri Lanka was organized by Surakimu Sri Lanka.

People trust the Rajapaksa govt. even if some have created a ‘Facebook protest bubble’ – Pathirana

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Dr. Mahinda Pathirana, a theorist of the SLPP and chairman of the Sri Lanka Press Council, says that despite some extremist groups creating a bubble of protest against the government on social media networks, the intelligent citizens of the country have unshakable faith in the Rajapaksa government.

Following are the comments made by him on social media.

We need to defeat this government in parliament and start a new journey – Wimal

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Wimal Weerawansa, a Leader of the 11 small parties in the government says that the present government should be defeated in Parliament and a new journey should be started and the people should force the ministers and MPs to leave the present government.

“The government has fallen into a dark fate. Such a government cannot save this country from a situation like this. That is why we have invited everyone to defeat this government in Parliament and embark on a new journey. They should not be allowed to destroy this country like this”

Parliamentarian Wimal Weerawansa was speaking to the media yesterday (30) after a meeting of representatives of the 11 smaller parties in the government including the Sri Lanka Freedom Party yesterday (30) with Ven. Iththapane Dhammalankara Thero

A plea to Prez Gota’s Biz Captains – save LANKA

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What the government has done to the economy Covid or no Covid is unpardonable . See the numerous hardships my wife and I had to endure; 7 hour power cut, no gas , no petrol , 25% price hikes. This is not what we ever dreamed would happened in Sri Lanka. As retirees we are doomed. Fortunately my son took us down under to give us some relief for a few months . How many can do that? The rest more than 70% suffer silently. As leaders what is handed over to you must be left in a better state.

This is far worse than what we had to endure in the 70s under the SLFP. The Economy is on the verge of a total collapse: a dire warning from the man who probably should be the Governor of the Central Bank to overcome this grave crisis. A career Central Banker, Dr Nandalal Weerasinghe, recently retired as the Senior Deputy Governor. IF President Gota is serious about avoiding an imminent crash, he should immediately replace the Finance Minister, the Treasury Secretary and the Governor of CBSL.* In no country in the world has the core group that disrupted an economy also been the ones to fix it. We have only days left, and at most a few weeks. The President needs to act NOW.What is the opposition doing ? Other than protesting? Corporate leaders are silent but accepted top appointments? So my appeal to these businessmen who supported openly for the Rajapakse’s to come into power, watched in silence as they messed up, but happily enjoyed the handouts and concessions and positions dished out for them, must wake up before it is too late for Sri Lanka. As they settle in the back seats of their Bentleys, Range Rovers and Benz Cars after a day’s work and rest their heads on the soft pillows in their luxurious cars, must think of the millions who live on a daily wage (60%) of population who can no longer put 2 meals together. History will certainly judge them sooner or later. Don’t watch in silence whilst we become a Lebanon or a Venezuela .

Because the country won’t be stable for you and children to enjoy your wealth you have earned.

Be tough with the government. In fact journalist muheed Jereen had even suggested that those billionaire businessmen who financed and supported Gota and danced with Dr P B Jayasundara should dole out 100 Million USD loan to the country to bail out Sri Lanka. Knowing how profit seeking most of you are, it is very unlikely . Many of you have either shifted are already planning to shift to Dubai till the crisis blows over.

So please think of your workers, your relatives and how you started life and do something to save Sri Lanka. The situation is very serious unlike ever before.

https://ceylontoday.lk/news/bop-crisis-might-lead-to-banking-crisis-drnandalal-weerasinghe

Adolf

If both rain and money are not received, people will have to celebrate New Year in the dark – Electrical Engineers

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The Ceylon Electricity Board (CEB) Electrical Engineers’ Association says that the people will be able to celebrate the New Year with light only if they receive both the rain to fill the reservoirs associated with the hydropower plants and the money needed to purchase fuel.

“With the amount of fuel we have now, we have 10 hours of power cuts. In this situation, we have to increase the number of hours ahead. Because the Barge power plant also has fuel left for another three days. Accordingly, the power disruptions period will have to be further increased. If we are given fuel we can provide electricity. We clearly state that the government and the relevant institutions including the Petroleum Corporation should provide us with fuel as soon as possible so that we can reduce the amount of this power cut as much as possible.”

The President of the Ceylon Electricity Board Electrical Engineers Association Anil Ranjith Induwara stated this addressing a media briefing held yesterday (30).

Vietnam Trade Familiarization Tour concludes on a positive note

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The Sri Lanka Tourism Promotion Bureau (SLTPB) in collaboration with the Embassy of Sri Lanka in Vietnam, organized a fam tour for a delegation of Vietnamese tour operators/agents representing 13 Vietnamese companies, including media personnel as well.

The main purpose of their participation at this fam tour was to convey the message to the rest of the world and their fellow citizens that Sri Lanka is a safe and an attractive destination for tourism, filled with a myriad of holiday opportunities to choose from.

Considering the importance of attracting more tourists to Sri Lanka, and creating greater awareness of the destination, it was decided to showcase Sri Lanka tourism products to the foreign consumers, by giving them the opportunity to experience a tour in Sri Lanka, with the purpose of attracting more Vietnamese tourists and encouraging them to promote the destination among potential travelers as the best destination to visit during the holiday season.

Further, travel agents’ familiarization tours have been identified as an important activity to invest on the trade, as they are the main point in promoting the country to the travel community who seek the advice of an agent in organizing their tours.

During the fam tour, the delegation visited places such as Negombo, Sigiriya, Minneriya Wildlife Park, Dambulla Cave Temple, Temple of the Sacred Tooth Relic, Kandy, Nuwaraeliya, Ella, Galle and Colombo, from 13th to 19th March 2022.

Moreover, a B2B event was held with the local DMCs and their Vietnamese counterparts, including Industry staskeholders and Tourism officials.

The B2B session with Sri Lankan travel agents gave the Vietnamese Tour operators to engage with the Industry stakeholders and also the opportunity to develop new business contacts to further promote the market.

This year in 2022, Tourist arrivals recorded an excellent increase of 96,507 in February, where it depicted a considerable change of 2,767.1 compared with 2021. 

Another purpose of organizing this FAM Tour was to encourage more Tourist arrivals from Vietnam, and spread the message among travelers about Sri Lanka as a desirable destination with a host of travel opportunities to explore.

Sri Lanka records 3.7 percent GDP growth in 2021   

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Sri Lanka’s year-on-year Gross Domestic Product (GDP) growth rate for the year of 2021 has been estimated as 3.7 percent of positive growth rate, the Department of Census and Statistics says.

According to a communiqué , the department noted that this positive growth comes against the backdrop of a 3.6 percent contraction in the economy reported in the year 2020.

“Further, the Gross Domestic Product for Sri Lanka for the year of 2021 at constant price has increased up to Rs. 9,881,397 million from Rs. 9,532,909 million which recorded in the year 2020. However, in the year 2020, the real GDP level reduced up to this said level from Rs. 9,890,468 million which recorded in the year of 2019.”

The Census and Statistics Department further stated that in the year 2021, the year-on-year GDP growth rate was calculated based on that reduced level of real GDP.

In addition, the Gross Domestic Product for Sri Lanka for the year 2021 at current price has increased up to Rs. 16,809,309 million from Rs. 15,027,374 million which recorded in the year 2020 registering 11.9 percent of positive change in the current price GDP.

The Census and Statistics Department said three major economic activities of the economy – agriculture, industry and services – have contributed their share to the GDP at current prices by 9.0 percent, 27.8 percent and 57.5 percent, respectively, while ‘taxes less subsidies on products’ component has contributed 5.7 percent of share to the GDP in 2021.

In 2021, all three major activities recorded moderate positive growth rates of 2.0 percent, 5.3 percent and 3.0 percent respectively by agriculture, industrial and services activities, the communiqué said further. These recorded high growth rates come back as a result of the contraction reported in these activities in 2020.

Meanwhile, with regard to the performance in the fourth quarter of 2021, the Census and Statistics Department said GDP growth rate for this period was estimated as 1.8 percent of positive growth in comparison to the 1.3 percent of positive growth recorded in the fourth quarter of 2020.

The GDP for Sri Lanka for the fourth quarter of 2021 at constant price (2010) has increased up to Rs. 2,814,879 million from Rs. 2,766,420 million which recorded in the fourth quarter of 2020.

In addition, the GDP for Sri Lanka for the fourth quarter of 2021 at current price has increased up to Rs. 4,574,030 million from Rs. 4,050,859 million which recorded in the fourth quarter of 2020 registering 12.9 percent of change in the current price GDP.

During the fourth quarter of 2021, the overall services activities have reported 3.8 percent of considerable level of growth rate while the agriculture and industrial activities have reported negative growth rates of 4.9 percent and 0.2 percent.

Sri Lankans fall into abyss without light by their own foolhardiness

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Crisis ridden government facing repercussions for its policy blunders  began imposing record nationwide 13-hour daily power cuts as it ran out of hydro-electricity on top of a severe shortage of fuel.

The Public Utilities Commission of Sri Lanka (PUCSL) has approved the Ceylon Electricity Board’s request for 13-hour interruptions to the power supply tomorrow (March 31).

The CEB had sought to increase the duration of power cuts to 13 hours due to the unavailability of fuel for thermal power plants

The South Asian nation of 22 million people is in its worst economic crisis since independence in 1948, because of a severe shortage of foreign currency to pay for imports triggered by the government’s failure to take economic policy action on time suggested by eminent economic experts.

The island nations food security is also at a severe risk owing to   government’s overnight policy decision of shifting to organic farming banning the imports of chaemical fertliser to avert dollar crisis.

This  decision boomeranged forcing the government to import organic fertioliser and later chemical fertliser spending millions of dollars un necessarily, economic experts said. 

The state electricity monopoly Ceylon Electricty Board (CEB)  said it was imposing the 13-hour power cut, up from a seven-hour outage since the beginning of the month, because there was no oil to power thermal generators.

More than 40 percent of Sri Lanka’s electricity is generated from hydro, but most of the reservoirs were running dangerously low because there had been no rains, officials said.

Most electricity production is from coal and oil. Both are imported but in short supply as the country does not have enough foreign exchange to pay for supplies.

Meanwhile, the main fuel retailer, the state-owned Ceylon Petrolium Corporation (CPC), said there would be no diesel in the country for at least two days.

The CPC told motorists waiting in long queues at petrol stations to leave and return only after imported diesel is unloaded and distributed.

Fuel prices have also been increased frequently with petrol up by 92 percent and diesel by 76 percent since the beginning of the year.

The government took 12 days to find $44 million to pay for the latest shipment of LP gas and kerosene, officials said.

Colombo imposed a broad import ban in March 2020 to save foreign currency needed to service its $51 billion in foreign debts.

But this has led to widespread shortages of essential goods and sharp price rises.
Many hospitals have stopped routine surgeries, and supermarkets have been forced to ration staple foods, including rice, sugar and milk powder.

There will not be diesel for the next two days owing to a delay in unloading stocks from a ship. a result the public have been urged not to queue at fuel stations for diesel on Wednesday and Thursday.

The Ceylon Petroleum Corporation (CPC) said that the unloading of 37,500 metric tonnes of diesel from a ship has been delayed.

The delay in the unloading will result in stocks not being distributed to fuel stations.However, the CPC said that sufficient stocks of petrol will be distributed to fuel stations.

The Ceylon Electricity Board Engineers’ Union (CEBEU) says the duration of interruptions to the power supply will have to be extended in the coming days, as the remaining stocks of fuel required for power generation activities are now running out.

Addressing a media briefing, the CEBEU’s chairperson Anil Ranjith Induwara said the fuel stocks at the Barge Mounted Power Plant are sufficient only for three more days.

Mr. Induwara, speaking further on the matter, said the CEB is able to supply electricity if the required amount of fuel is provided. He went on to call on the government and relevant authorities including the Ceylon Petroleum Corporation to expedite the measures to supply fuel.

With regard to hydropower generation, the CEBEU chairman stated that despite the water levels of reservoirs dropping drastically, the CEB is capable of supplying 300 MW during the daytime and 700 MW at night.

In response to a question raised by a media person, he said the people will be affected by the power interruptions during the upcoming festive season, if fuel stocks are not supplied and adequate rainfall is not received.

President Gotabaya Rajapaksa chairs the 5th BIMSTEC Summit in Colombo

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President of Sri Lanka Gotabaya Rajapaksa chaired the 5th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit in Colombo on 30 March, 2022 in virtual mode.

The Summit was attended virtually by the Prime Minister of Bangladesh Sheikh Hasina, Prime Minister of Bhutan Dr. Lotay Tshering, the Prime Minister of India Shri Narendra Modi, the Prime Minister of Nepal Sher Bahadur Deuba and the Prime Minister of Thailand General Prayut Chan-o-cha (Rtd.). The Foreign Minister of Myanmar Wunna Maung Lwin representing the government of Myanmar also joined the Summit virtually.  

Opening the Summit, the President of Sri Lanka Gotabaya Rajapaksa stated that since its founding in 1997, BIMSTEC has grown into an important platform for countries in this region to support each other by sharing their experiences, strengths and expertise. He stated that this is especially important given that the region’s geo-strategic importance, economic strength and the size of its populace, which accounts for over one fifth of the world’s population. He further stated that enhanced cooperation between member states will be necessary not only for economic recovery, but also for greater economic prosperity, better public health, and improved regional resilience in the long term. Alluding to the theme of the Summit, ‘BIMSTEC: Towards a Resilient Region, Prosperous Economies, Healthy Peoples,’ the President stated that these aspirations are well reflected in the theme chosen for this Summit and that through collective actions of the leaders of the region, BIMSTEC will gear towards meaningful intra-regional cooperation.

The Summit, taking a significant step towards consolidating the grouping, adopted the BIMSTEC Charter today in Colombo. On this occasion, President Rajapaksa observed that the signing of the BIMSTEC Charter would be a significant step towards increasing the organisation’s role, not just within the region, but also as a driving force from Asia in global affairs.

The President of Sri Lanka highlighted the importance of trade and investments within the BIMSTEC region given its strategic location at the centre of the Indian Ocean and also highlighted that the resources in the Bay of Bengal should be preserved and managed equally.  He called for collectively establishing mechanisms to prevent unregulated, unreported and illegal fishing practices as well as overfishing, which threatens livelihoods in coastal communities.

All the seven leaders at the Summit emphasised the need to accelerate BIMSTEC’s agenda on trade and investment and the need to ensure that private sector and start-ups of the BIMSTEC countries work closer. Adopting the BIMSTEC Master Plan for Transport Connectivity, the leaders reiterated the implementation of projects on maritime, transport cooperation and road connectivity.

The leaders also witnessed the signing ceremony of three legal instruments during the BIMSTEC Summit. Representing Sri Lanka, Minister of Justice Ali Sabry signed the BIMSTEC Convention on Mutual Legal Assistance on Criminal Matter, while the Memorandum of Understanding on Mutual Cooperation between Diplomatic Academies/Training Institutions of BIMSTEC Member States was signed by the Minister of Foreign Affairs Prof. G.L. Peiris. Memorandum of Association on the Establishment of Technology Transfer Facility in Colombo was signed by Secretary to the State Ministry of Skills Development, Vocational Education, Research and Innovation Deepa Liyanage.

Concluding the Summit, President Rajapaksa appreciated the support extended to Sri Lanka during the country’s tenure as the Chair. Assuring Sri Lanka’s support and commitment to the organisation, he handed over the Chairmanship to the Prime Minister of Thailand, the next Chair of BIMSTEC.


Ministry of Foreign Affairs

Colombo

30 March, 2022