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Vehicle importers insist on government to introduce survival plan

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Sri Lanka’s vehicle importers have urged the government to introduce a credible survival plan as well as the fullest support of the government to overcome their present difficulties.

They made this call following Finance Minister Basil Rajapaksa’s recent statement that vehicles will not be imported in 2022 even after halting car imports for two years.

Several leading vehicle importers told the Business Times that most of them are undergoing financial difficulties maintaining their business premises and paying off bank loans, rent and the salaries of their employees.

Majority of small and medium scale motor traders are on the verge of bankruptcy as the used car trade is almost out of business due to very low demand, they added.

Issuing a media release, the Vehicle Importers Association of Sri Lanka (VIASL) said that the government announced that the importation will be “reviewed in December 2020” and then in March 2021 they stated that they are considering a “Quota system” for vehicle importation.

In October 2021, various statements were made regarding a scheme in which local taxes could be paid in US dollars and vehicles to be imported without a dollar outflow last year.

This system was rejected by the Finance Ministry and it is simply evident that these are strategies by the officials to control the “price bubble” and to defer the issue in hand, vehicle importers said.

The local vehicle assembly scheme promoted by the government does not appear to have met its objective as it has drastically reduced the government revenue while sending out a considerable amount of dollars, they claimed.

When considering the assembling data, VIASL estimated the tax revenue loss for the government to be around Rs.6 -7 billion in 2020/2021.

For the same period around US$50– 60 million (estimate) has been sent out of the country to import components/spare parts required for assembling.

Former Ceylon Motor Traders Association Chairman Gihan Pilapitiya told the Business Times that it is time that the government offers the all-important automotive trade some breathing space by accommodating a quota system on imports.

Although, the trade understands the current status of affairs of the government on the currency reserve platform it is critical that the government understands the realities of the trade and being accommodating on whatever the areas they can, so that leaving aside making profits, each company can survive in the short term, he said.

Two critical aspects are to look at the currency outflow due to increasing import bill for spare parts for maintaining older vehicles, (leave aside the pollution factor) and the ability of each legitimate company to meet their overheads.

Maybe in the current state of affairs a quota to cover overheads; based on the number of employees would be a good start that can be extended over the years when things improve, he suggested.

Power supply to some parts of the island will be suspended at night again!

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The Ministry of Power and Energy states that the power supply to some parts of the island will be suspended at night due to a technical fault in one of the generators of the Norochcholai Thermal Power Plant.

Accordingly, if the system does not have the required capacity to manage the situation, power some areas will have to be cut off for 30-45 minutes at night, said Power and Energy Ministry spokesman Sulakshana Jayawardena.

However, he said that this was a temporary situation and that the technical fault of the third generator at the Norochcholai power plant was being rectified and that it would be reconnected to the system as soon as the repairs were completed.

Wijedasa Rajapaksa hints that the next PM could be Basil…?

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Wijedasa Rajapaksa, Member of Parliament for the SLPP says that President Gotabhaya Rajapaksa will inevitably appoint Basil Rajapaksa as the Prime Minister if the opportunity arises.

He said that if Basil Rajapaksa made such a request, the President would not be able to ignore it.

However, Wijedasa Rajapaksa stated that Basil Rajapaksa could not fulfill his responsibilities as the Minister of Finance or the post of Prime Minister.

Wijedasa Rajapaksa said this in an interview with a YouTube channel.

Fathers and mothers of Christmas

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By Krishantha Prasad Cooray 

Christmas has a lot of meanings. It is a day for reflection, penitence and reaffirmation of faith for devout Christians. It is also a moment of celebrating community. It is also a time of joy, goodwill, sharing and reunions. To me, it is all of these things. But looking back and especially reflecting on the holiday from a fair distance from familiarities, I realise that the one word I associate most with Christmas is ‘family.’ 

Christmas is about giving, sharing, loving and forgiving and basically making sacrifices. This I know. Indeed, all Christians know this, although we sometimes forget in the merry-making festival that it has become. Christmas, to me, as it is to all Christians, is about family, which too some of us too often forget. Christmas, to me, is about parents. I knew this as a child, and I know this as a parent. Those childhood Christmas memories are unforgettable. Perhaps my own children, when they are adults, may remember their childhood Christmases in the same way. 

The true meaning of Christmas is something that I first learnt from my parents at a very young age. I remember them as the role models they have become, largely due to my memories of how we, my brothers and I, experienced Christmas bathed in the warmth of their giving, their loving and their sacrifice. 

December was the happiest month for us. First of all because of the school holidays. Secondly, my mother’s birthday falls on the 23rd of December. Then came Christmas Eve, followed by Christmas. It was therefore a long celebration or rather different kinds of celebration over three whole days.

Of course there were the decorations that came before and lasted until New Year’s Day and a bit longer after that. We loved doing the crib and decorating the Christmas tree, at which my older brother excelled. I do my best along with my wife to replicate everything I’ve learnt about Christmas from my parents and maybe they’ll remember and cherish. For me or for some part of me, it is incomplete. It seem incomplete because I’m so far removed from my parents and brothers. Two Christmases have come and gone, but my arms aren’t long enough to embrace them and share the joy and warmth that’s sustained all of us all these years. 

How can I explain such absences? I do not know. All I know is that my mother was a person who taught us the importance of friendship and loyalty. She always insisted that we must stand by a true and honest friend even if the whole world is against that person. It is from her that I learnt that whenever I am confused, I should try to consider things from the point of view of the poorest, the most vulnerable. She taught us that the more you give, the more you have for yourself. It was not that she lectured us. She lived and personified these values, these lessons. My friends would joke that she was poor at math and had got the equation wrong, but I know now that she was right. We give and we received in excess.  My father shared different values. He was always very religious. It is from him that I learnt the importance of family values. For him family came first. Whereas my mother could be emotional and selfless, he was methodical, practical and extremely logical. Together they taught me almost everything I know about life, especially that in a moment of crisis, one must not expect that anyone other than family and your most loyal friends who will stand by you. 

Another Christmas has come upon us. It is yet another moment to cherish the extraordinary love, affection and the sacrifices our parents have made to make us who we are today. It is a time to reflect on all the positive things our parents have done for us and thank them in abundance. 

I wish I could say ‘happy birthday’ to Amma in person, and that I could hug her as though I do not wish to break away. I wish I could say ‘Merry Christmas’ to Thaththa in person. I cannot. Knowing them, they will understand. They will not take my absence as any indication of love and appreciation having eroded over the years. They understand. They are giving. They are forgiving. When I say that I’ve never seen love purer than that which from their eyes cascade, they will understand. So too will all parents, Christian or otherwise, at Christmas and other times too. Christmas is something we should hold in our hearts, they taught me. It is a moment to reaffirm the timeless truth that there’s virtue in being grateful for what we have and to bear with dignity that which we do not, including absences. 

There’s a part of me that grieves and a part that is strong. These are attributes that my parents have, in their unassuming and tender ways, grafted onto my heart and onto my soul. When I say ‘happy birthday Amma,’ she will not notice absence, but the truth of the sentiments expressed. When I say ‘Merry Christmas Thaththa,’ he too will embrace the sentiments in much the same way.  And in this way, they will make even this distant Christmas as rich and warm as any that I have spent at home, in their company and in the circle of their love.

It is not possible to build a country by appointing jokers to the cabinet – Vidura (VIDEO)

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Minister of State Vidura Wickremanayake says that the people are already significantly dissatisfied with the government and that it is not possible to build a country by appointing jokers to the cabinet.

Q. The people appointed this government with high hopes. But there is no relief. Now fuel prices have also been increased. Are you committing dereliction of duty?

“We acknowledge that this increase in fuel prices will put a heavy burden on the people. This is not just for fuel, but sooner other commodities will go up proportionately. Then more burden will be added. We acknowledge that this is a difficult time. And next year could be even harder.

Q: Today, when there is a shortage of dollars, millions of dollars are being paid for a Chinese fertilizer ship. Why don’t you raise your voice?

“It’s wrong. We clearly say it’s wrong. It’s not something that government or the people of this country should pay, it should be paid by those who ordered. Because these are not things that happened through a proper tender procedure. There is no legitimacy. At least they did not check whether the fertilizer was up to standard. That is why all these should be recovered from those who ordered them. “

Minister of State Vidura Wickremanayake stated this while expressing his views to the media in Kandy yesterday (21).

Foreign reserves have been plummeted. Fuel prices were increased as a solution for that – Dullas (VIDEO)

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Cabinet Spokesman, Minister Dullas Alahapperuma says that the country’s foreign reserves have plummeted and even the increase in fuel prices was one of the solutions to the rapid decline in foreign reserves.

“There is a big drop in reserves. This has not happened as a result of this government coming in and increasing the amount of foreign loans. It is no secret, however, that the reserves have unfortunately declined. The living conditions of the people are very critical.

Even to increase fuel prices, the Central Bank, the Ministry of Finance and all these institutions discussed and decided that this was the only solution for the rapid decline of foreign reserves. The Ministry of Finance, the Petroleum Corporation, the Central Bank and all those institutions are of the view that the use of fuel should be managed. We all understand that this is not a good thing for a country’s economy. Now, when Minister Mangala Samaraweera mentions the price formula in history, we too have sat in the Opposition and sometimes ridiculed and insulted it. It is no secret that if there was a price formula at a time like this, the benefits would be shared by both sides when that price fluctuates. “

Minister Dullas Alahapperuma stated this addressing a media briefing held yesterday (21).

Swadeshi Industrial Works PLC obtains enjoining order against Lanka Sathosa & ReeBonn Lanka for violating intellectual property rights

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The Swadeshi Industrial Works PLC obtains enjoining order against Lanka Sathosa & ReeBonn Lanka for distributing/marketing and manufacturing Sathosa Kohomba soap for the second time, violation of its intellectual property rights

The Swadeshi Industrial Works PLC, manufacturer of the market leading Swadeshi Khomba soap for almost eight decades recently obtained several enjoining orders in respect of ‘Sathosa Kohomba’ soap manufactured by ReeBonn Lanka Pvt Ltd. and marketed/distributed by Lanka Sathosa Ltd, for violation of its intellectual property rights. The Honorable Commercial High Court of Colombo Judge M.A.R Marrikar was pleased to issue the said enjoining orders on 15th December 2021. 

Swadeshi instituted action against Lanka Sathosa and ReeBonn Lanka on the basis that they were manufacturing, marketing and selling “Sathosa Kohomba” in violation of the registered trademarks owned by Swadeshi, as well on the basis of the Law of Unfair Competition.

The Colombo Commercial High Court upon being satisfied of the submissions of counsel for Swadeshi, Romesh de Silva PC, issued several enjoining orders which included the prevention of the Reebonn Lanka and Lanka Sathosa from in any way or manner manufacturing, distributing and selling a product which is identical or similar to its personal care product “Swadeshi Khomba” soap.

Swadeshi Khomba is a registered trademark. Furthermore, Swadeshi Khomba has gained tremendous reputation and goodwill amongst the public over a period of 80 years. Swadeshi Khomba contains natural Kohomba oil which has been trusted for generations for an authentic ayurvedic herbal therapy. Swadeshi Khomba enhances the natural beauty of the skin, is mild, yet cleans deep and gives a natural protection from germs.  Fully (100%) vegetarian, not tested on animals and produced cruelty free, Swadeshi Khomba is recently accredited by the Vegetarian Society, UK. Swadeshi Khomba range comprises of herbal beauty bar, herbal transparent bar, herbal baby care range, herbal shampoo, herbal body wash, herbal handwash, herbal hand sanitizer and herbal talc, reinforcing the natural protection and cleaner, soothing skin. Swadeshi Khomba is also a registered product with the National Medicines Regulatory Authority (NMRA), Sri Lanka.

Swadeshi, a 100% Sri Lankan company has claimed many industry firsts to its name including the most recent Covid-19 safety management certification. The pioneer and market leader in the herbal soap and herbal personal care category in Sri Lanka, The Swadeshi Industrial Works PLC, an ISO 9001:2015 certified company, was incorporated in 1941. Swadeshi is renowned for its trademark herbal care products: Swadeshi Khomba, Rani Sandalwood and Swadeshi Khomba baby, which have been warmly embraced and trusted by Sri Lankans over the years. The company has a rich history of 80 years and is now venturing into global markets backed by its years of trusted excellence.

The Swadeshi Industrial Works PLC was represented by President’s Counsel Romesh De Silva with Attorneys-at-law Shanaka Cooray and Vasanthakumar Niles, instructed by D. L & F De Saram – Attorneys-at-law & Notaries Public.

Rev. Fr. Cyril Gamini questions whether government’s concealing truth behind Easter Sunday Genocide due to alleged involvement

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Reverend Father Cyril Gamini speaking to the briefing held in the House of the Archbishop today (21) questioned whether the truth behind the Easter Sunday Carnage is still being concealed after 32 months of its happening due to the alleged involvement of the President and the current government.

Pointing out that what can be seen is an act of covering the truth up, Fr. Gamini added that it would be a question as to why there are no attempts being made to uncover the truth, if neither the President nor the government has any involvement.

He reminded that two commission reports had been submitted regarding the attack, adding that the government should be held accountable for wasting public funds if it did not implement the recommendations revealed in the report along with the names of those responsible for the massacre.

Had the names of those involved been announced at a preface, the truth behind the attack would be revealed to the world, Fr. Gamini emphasised.

Dullas says Fuel Price Formula can be useful, admits he mocked Mangala’s original idea

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The fuel price had to be increased in response to the prevailing foreign reserve crisis, said Cabinet Spokesman and Mass Media Minister Dullas Alahapperuma, speaking to the briefing held today (21).

The increase in fuel prices will have an impact of 03 per cent on the country’s inflation, the Minister added.

An amount of US$350 – 400 million has to be spent every month on fuel imports leading to the rapid depletion of the country’s foreign reserves, Alahapperuma pointed out, adding that the need for a ‘fuel price formula’ to tackle the situation has been discussed in the face of the fuel price surges.

He admitted that he mocked late former Minister Mangala Samaraweera’s original idea of a fuel price formula to tackle such situations, and that it would be more appropriate to allow fuel prices to fluctuate compared to the ups and downs of the global market prices.

MIAP

Bakery Owners Association says it no longer involves in controlling the prices of bakery products

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In the on and off surge in the fuel prices and the prices of inputs used for bakery products, it has become difficult to determine the prices of bakery products including bread, said the Bakery Owners Association.

In the backdrop the Union will no longer be interfering in determining the prices of bakery products, it added.

The Union made this observation in response to the government’s decision to surge fuel prices since midnight yesterday (20).

The Bakery Owners Association added that from now on the prices of bakery products will be determined based on the supply and demand.

Accordingly, the bakery owners will be given the opportunity to predict the prices based on the said criteria, it added.

Suggestions have been made that there should be a revision the prices of bakery products and other food items as well as bus fares following the fuel price hike.