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Two  coal  shipments to sail off  Colombo Port without stock unloading      

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Sri Lanka is tottering on the edge of an energy crisis leading to  extension of  current power cut duration  as a result of failing to clear  120,000  metric tonnes of coal for the Norochcholai Lakvijaya  coal-fired power plant , Ceylon Electricity Board(CEB) sources said.

Two shipments of Coal have  already anchored at the Colombo Port  awiting to unload stocks of coal  ordered by CEB since April 12  due to lack of funds  amounting  US$34 to pay for  the, CEB Chiarman M.M.C Ferdinando disclosed.

If the relevant payment is not made by April 18, the ship owners have informed that they would sail off without unloading the cargo.

Thus, the CEB will be liable to pay the demurrages for six days in addition to a hefty penalty.

.There was a difficulty in unloading the Coal power stocks at present during the current high-tide season (April to October) and  therefore the calling for new tenders will have to be delayed till May  next year, he revealed.

The annual requirement of coal to this power station is in the region of 2 million tons and 50 percent of it is purchased by following annual tender procedure and the other 50 percent by emergency spot purchasing system, Mr Ferdinando explained.

CEB Engineers Union has also warned of an imminent power crisis due to coal shortage, price hike in the international market and the reluctance of bidders in applying for coal tenders , US dollar shortage and various other issues in awarding tenders,a spokesman of the union said.  .   

 “As per the terms of the contract, 80% of the payment has to be released upon the submission of shipping documents. 

This payment has not been made so far. All unloading operations of the Lakvijaya Power Plant need to be completed by the fourth week of April due to onset of the monsoon winds. Further, it is not possible to unload any other cargo until the next unloading season starting from September 2022,” the union said.

The existing stock is adequate only up to mid September 2022. If two coal shipments return without unloading the coal consignment before end of April, even with the already planned 75 days outage of unit 2 from June 2022.

Therefore, the CEB will be compelled to shut down one unit of 300 MW at Lakvijaya Power Plant at least for 25 days to utilize the available coal in hand till next coal unloading season commences.

This will severely affect the generating capacity and therefore, extending the existing duration of power cuts would then become inevitable, the union added.

GF protesters call on the private sector to exert pressure on Rajapasa’s to resign                 

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Advocates of Occupy Galle Face (OGF) are calling on the private sector to intensify the pressure for the Rajapaksa regime to step down. 

A group of good governance activists over the weekend issued a formal notice to the private sector which is also the engine of growth.

The specific actions sought from the private sector includes CEOs or Chairpersons of respective entities issuing a statement of commitment to stand with the people and align and contribute to stand with core objectives of resistance at OGF which has gathered momentum and sustained itself for over a week winning widespread commendation. 

Where applicable, the private sector is asked to include commitment to help with logistics at the Galle Face with clear branding, committing to be apolitical henceforth, and disassociate the company from any collectives that are refusing to take a stance. 

Physical support requested include for all those willing to commit, to come to GotaGoGama (GGG) with company banners or visual optics, encourage and provide space and opportunity for employees to protest outside office premises; support regional protests through company networks and infrastructure, organise industry protests such as the IT industry and HR sector recently and pressurise chambers of commerce industry to take collective action. 

The rationale for this course of action by the private sector is that the country needs political and social stability in order to work towards economic stability.

“This is an inflection point in the history of Sri Lanka and an opportunity for the business community to take a stand and show solidarity with their employees, their families and the people of Sri Lanka,” the notice for action by the good governance activists said.  

“Answer the call of millions of Sri Lankans. Answer the call of your people. Answer the call of your consumers and customers,” it said in urging the private sector to show that it is ready to stand united with this cause and are willing to support in the best way it can.

The private sector has also been asked to commit to stand by the overarching core objectives of the ongoing people’s movement. They are 1) President and Prime Minister must resign; 2) 20th Amendment repealed and replaced with the 19-plus; and 3) Say “No” to portfolios for the Rajapaksa family members in an Interim Cabinet.

Analysts noted that the private sector has already lent support in many ways to the OGC protest from day one but emphasised that formal participation in person by employees will make the people’s protest vociferous. In parallel, activists in the public sector are also marshalling State sector employees to join the OGF as well as professionals. 

World Bank suggests policy measures to tackle current economic crisis  

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The World Bank is deeply concerned about the uncertain economic outlook in Sri Lanka and the impact on people as the country is facing  unsustainable debt and Balance of Payment challenges. World Bank Country Director for Maldives, Nepa, and Sri Lanka Faris Hadad-Zervos.said
The Bank suggested urgent policy measures to tackle unsustainable debt and Balance of Payment challenges for the country to overcome the current economic crisis.  . 
“It is  working on providing emergency support for poor and vulnerable households to help them weather the economic crisis and it remains committed to the wellbeing of the people of Sri Lanka, and to a narrative of sustainable and inclusive growth that will require concerted and collective action, ” he added. 

 According to the World Bank, Sri Lanka needs to address the structural sources of its vulnerabilities. This would require reducing fiscal deficits especially through strengthening domestic revenue mobilisation. Sri Lanka also needs to find feasible options to restore debt sustainability.  
The financial sector needs to be carefully monitored amid high exposure to the public sector and the impact of the recent currency depreciation on banks’ balance sheets. 

The necessary adjustments may adversely affect growth and impact poverty initially but will correct the significant imbalances, subsequently providing the foundation for stronger and sustainable growth and access to international financial markets. Mitigating the impacts on the poor and vulnerable would remain critical, he pointed out.  

The World Bank last week said “Sri Lanka’s economic outlook is highly uncertain due to the fiscal and external imbalances. 
Urgent policy measures are needed to address the high levels of debt and debt service, reduce the fiscal deficit, restore external stability, and mitigate the adverse impacts on the poor and vulnerable,” says the World Bank in its twice-a-year regional update.

The latest ‘South Asia Economic Focus Reshaping Norms: A New Way Forward’ projects the region to grow by 6.6% in 2022 and by 6.3% in 2023. The 2022 forecast has been revised downward by 1.0% age point compared to the January projection, mostly due to the impacts of the war in Ukraine.

Countries in South Asia are already grappling with rising commodity prices, supply bottlenecks and vulnerabilities in financial sectors. The war in Ukraine will amplify these challenges, further contributing to inflation and deteriorating current account balances.

In South Asia, though GDP growth continues to be solid during the recovery, all countries in the region will face challenges ahead. On a positive note, exports of services from the region are on the rise as the pandemic subsides.

The war and its impact on fuel prices can provide the region with much-needed impetus to reduce reliance on fuel imports and transition to a green, resilient and inclusive growth trajectory.  
The report recommends that countries steer away from inefficient fuel subsidies that tend to benefit wealthier households and deplete public resources. South Asian countries plan to move towards a greener economy by gradually introducing taxation that puts tariffs on products which cause environmental damage.

Another challenge the region faces is the disproportionate economic impact the pandemic has had on women.
 The report includes in-depth analysis of gender disparities in the region and their link with deeply rooted social norms, and recommends policies that will support women’s access to economic opportunities, tackle discriminatory norms and improve gender outcomes for inclusive growth.

Quick Resolution of Crisis Necessary for National Recovery

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The government’s decision to temporarily default on sovereign debt repayments, akin to a declaration of bankruptcy, will deal another major blow to the country’s economy and credibility.  It comes at a time when mass protests are spontaneously taking place in all parts of the country on account of the economic hardships that the people are being put through.  The resignation of the cabinet nearly two weeks ago and the failure to appoint a new one is indicative of government paralysis which is injurious to the country.

The mass protests have continued non-stop, and continued even on New Year days traditionally devoted to the family and to religious observances.  They are a popular expression of the withdrawal of the people’s mandate from the government. The slogans both written and articulated in all demonstration sites in Colombo and elsewhere convey that the President and government have lost their mandate to govern and need to resign.  This sentiment has generated a mass movement coming together irrespective of their religious and ethnic backgrounds. 

The National Peace Council believes it is the responsibility of the president and parliamentarians who function under the provisions of our Constitution to find modalities to come together to pull the country out of the plight we are in. The focus of the mass protests has been the corruption and lack of accountability within the government.  We call on the government leadership in particular to heed the will of the people which is getting stronger by the day and restore their credibility and dignity.  We endorse the spirit of the demands currently being articulated. 

Accordingly, we call on the government to repeal the 20th Amendment that concentrates powers in the presidency and erodes the independence of state institutions that ensure accountability and transparency.  A downsized presidency and an interim government with a new prime minister acceptable to both the government and opposition is the most urgent necessity.  Such an interim government with new faces could also appeal to the international community for the necessary bridging finance to enable the economy to get restarted. Immediate attention should be given to supply fuel, cooking gas, electricity, medicines and essential goods to the general public.

National Peace Council of Sri Lanka

Lawyers brief PM about the disadvantage of holding protests without any understanding of the Constitution

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A meeting between pro-government lawyers and the Hon. Prime Minister Mahinda Rajapaksa was held at Temple Trees this morning (18).

Discussions were held on resolving the problems that have arisen in the country so far and the prejudice caused to the country due to the ongoing struggles against the government.

The lawyers pointed out that the removal of the President was unconstitutional and it appears that without a clear understanding of the Constitution the struggles were being led by an organized group based on the problems currently faced by the people.

During the struggles of 1988-89, the protest against the assassination of the then President J. R Jayewardene ended in great devastation to the country.

The lawyers also mentioned that the struggle being waged against the President, the Prime Minister and the government by the youth without any understanding of the past and the existing laws and which is being carried out all over the country could lead to another catastrophe in the country.

The lawyers said that ordinary people do not seem to be giving money to facilitate the current struggles and that there are suspicions that some organization is spending money in an organized manner to destabilize the country.

The lawyers also pointed out that the Sri Lankan media should not knowingly or unknowingly support the struggle to destabilize the country in various ways and that the media should act responsibly in such a situation.

The lawyers said that it was timely to audit the assets of the people’s representatives and that it should start with the state institutions and government officials. They said that the corruptions of state institutions and officials are now being loaded on the shoulders of politicians since the government officials do not change although the peoples’ representatives are changing time to time. 

Lawyers further pointed out that organized gangs are using the people to embarrass the government and remove the President and the Prime Minister to achieve their narrow goals, so it is imperative that the President and the Prime Minister act with courage in fulfilling the needs of the people with a clear understanding of this crisis. 

Prime Minister Mahinda Rajapaksa stated that the government is working to resolve the crisis in the country and that the people should be aware of the political conspiracies being carried out by other organizations using the people.

A group of lawyers including President’s Counsels W. Dayaratne and Rashik Shahrukh were present at the event.

Lynching of Priyantha Kumara: Pakistan Court pronounces death sentence to 6, life imprisonment to 7

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According to Pakistani media, a Pakistani anti-terrorism court sentenced six people to death and seven others to life in jail for their roles in the lynching of a Sri Lankan national for alleged blasphemy.

In the murder case, 89 men have been charged, nine of whom are juveniles.

Seven of them have been sentenced to life in prison, while the remaining 76 have been sentenced to two years in prison. 

Judge Natasha Nasim, who conducted the trial in secret within the high-security Kot Lakhpat Jail in Lahore on a daily basis, declared the verdict in front of the suspects.

The judge did not announce the verdicts of nine minor defendants whose trials are still ongoing. 

Last year, a religiously fanatic mob lynched and burned Priyantha Kumara, a 49-year-old Sri Lankan citizen and manufacturing manager in Pakistan’s Punjab city of Sialkot.

At the time, Imran Khan, Pakistan’s prime minister, condemned the vigilante violence and promised to prosecute the offenders.

The trial of the case in Kot Lakhpat Jail was completed by an anti-terrorism court.

In the case that was heard on a daily basis, both the prosecution and the defence had finished their arguments.

The investigative officers’ and eyewitnesses’ statements had also been recorded.

WION

CEYPETCO too revises fuel prices

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The Ceylon Petroleum Corporation (CEYPETCO) has increased fuel prices effective from midnight today (18), days after the Lanka Indian Oil Company (LOIC) announced theirs.

Petrol Octane 92 – Rs. 338 per litre
Petrol Octane 95 – Rs. 373 per litre
Auto Diesel – Rs. 289 per litre
Super Diesel – Rs. 329 per litre

Three more including Diana Gamage sworn in as state ministers

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Three more Ruling Party members have been sworn in as state ministers.

Diana Gamage – State Minister of Transport
Seetha Arambepola – State Minister of Education and Technology
Vijitha Berugoda – State Minister of Ports and Naval Affairs

Accordingly, the number of state ministers sworn in before President Rajapaksa today (18) has increased to 24.

MIAP

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Cardinal disapproves of new Cabinet, says merely a deception (VIDEO)

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Archbishop of Colombo His Eminence Malcolm Cardinal Ranjith speaking to a briefing held in Colombo today (18) disapproved of the new Cabinet appointed by President Rajapaksa today by calling it a mere deception and to be serving no people’s hopes.

The Cardinal also disclosed that there were information on thugs and armed forces plotting to dissolve the protesters which would be an unacceptable and immoral response. Instead of engaging in such stupidity, the sovereignty of the people should be respected and the law should move towards a new system that is above political authority, he emphasised.

The Cardinal further noted that the rulers who deceive the public by not acting in a manner that assures the sovereignty of the people should be stepping down.

MIAP

New State Ministers sworn in

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The swearing in of new state ministers has commenced at the President’s House.

These state ministries are being appointed in relevance to the Cabinet of Ministers appointed this (18) morning.

Nevertheless, the public protest demanding the President, the Prime Minister and the government to step down are continuing for the 10th consecutive day.