President Ranil Wickremesinghe supports a five-year presidential term and backs the Election Commission’s 2024 election decision: An entrepreneur filed a fundamental rights petition to delay the Presidential Election date pending a Supreme Court interpretation: Wickremesinghe expresses surprise, stating he and his legal team were unaware of the petition before its submission.
TPA Leader MP Mano Ganeshan alleges that the government postponed a parliamentary debate on recent debt agreements due to issues with private bondholders, not because of the demise of R. Sampanthan: cites difficulties in providing Memorandum of Understanding copies to Parliament: criticises pressures on the opposition, highlighting efforts to signal support for debt restructuring to bilateral creditors.
NPP MP Vijitha Herath says the late TNA former Leader R. Sampanthan was a “fearless leader” who spent his entire life raising voice for the rights of the people of the North and East: asserts Sampanthan valued democracy in his fight for justice for the people of the North and East, both on and off Parliament: adds he set a precedent for the people of Sri Lanka in reclaiming rights in a democratic manner, and his departure is a great loss to the nation.
Power and Energy Minister Kanchana Wijesekera introduces a revised payment system for new rooftop solar panels and other renewable energy projects starting from July 1: Projects initiated before this date retain their current payment methods: The updated tariff offers Rs.27.06 per unit for rooftop solar installations up to 500 kW and Rs.23.18 for larger ones, with ground-mounted solar panels at Rs.25.48 per unit over 20 years: Small hydro, wind, and biomass projects receive Rs.30.53, Rs.29.86, and Rs.52.77 per unit respectively: The changes reflect adjustments based on economic conditions and stakeholder input from the CEB.
Ports, Shipping, and Aviation Minister Nimal Siripala de Silva confirms SriLankan Airlines will undergo restructuring, not sale, citing regulations allowing up to 49% share transfer without a suitable investor: says President Wickremesinghe’s address on debt restructuring was hailed despite opposition scepticism, aiming for national recovery: adds IMF involvement ensures adherence to legal frameworks: Budget provisions include social benefits, independent of elections: reiterates focus on restructuring SriLankan Airlines amidst limited international interest, highlighting ongoing developments in infrastructure projects with Japan and India.
The Asian Development Bank (ADB) encourages Sri Lanka to ramp up growth efforts amidst climate change challenges, highlighting green bonds as a crucial tool to meet financial needs: ADB Country Director Takafumi Kadono stresses the importance of private finance mobilisation through sustainable bonds, underscoring their potential to attract investment in climate mitigation and adaptation: praises Sri Lanka’s initiatives but urged further development of the sustainable capital market, asserting that green bonds can drive economic recovery, resilience, and inclusive growth.
The Police announce the ongoing ‘Yukthiya’ nationwide operation to eradicate illegal activities will be reinvigorated from today (07): Spokesman DIG Nihal Thalduwa announces the operation will also enlist the support of the Sri Lanka Army: further indicates that the operation, already active in several regions around Colombo, will soon be extended to cover the entire island.
Sri Lankan health officials express alarm over a surge in kidney disease cases linked to the widespread use of skin whitening creams, surpassing cancer rates: Dr. Indira Kahawita, a Consultant Dermatologist, highlighted the issue during a Health Promotion Bureau briefing, citing mercury in these creams as a major concern: notes immediate health impacts like kidney failure and observed rising cases of skin discolouration and other symptoms among patients, underscoring urgent health risks associated with these products.
Sri Lanka’s Fisheries Ministry reports Rs. 700 mn in damages to local fishing gear caused by Indian bottom trawlers, escalating bilateral tensions: Indian trawlers illegally fish in biodiverse areas like the Palk Bay and Gulf of Mannar, affecting marine species crucial to Sri Lanka’s economy: Over 1,000 trawlers from Tamil Nadu frequently cross into Sri Lankan waters, using heavy metal panels that damage seabeds and discourage local fishermen: Sri Lanka seeks dialogue to resolve ongoing fishing disputes.
In a thrilling LPL cricket match, Jaffna Kings secures a dramatic last-ball victory over Dambulla Sixes, chasing down 192 runs with Skipper Charith Asalanka (50) and Avishka Fernando (80) leading the charge with a crucial 134-run partnership: Despite Kusal Janith Perera’s impressive century for Dambulla, Jaffna’s strong batting display stood out, with Fernando awarded Man of the Match for his explosive innings.
July 04, Colombo (LNW): The bail application hearing for former MP Hirunika Premachandra has been rescheduled to 11th July 2024, following a decision by the Colombo High Court today (04).
This adjournment came after the Attorney General informed the court of their intention to file objections against the bail application and requested time to submit these objections in writing.
Colombo High Court Judge Amal Ranaraja granted the request for additional time, thereby delaying the hearing of Premachandra’s bail application.
In a separate legal matter, the Colombo High Court had previously sentenced the former MP to three years of rigorous imprisonment for her involvement in the abduction and assault of a youth using a Defender vehicle in Dematagoda back in 2015.
The court issued this verdict after considering the case brought by the victim, Amila Priyankara, who alleged he was abducted and assaulted by a group arriving in a black Defender jeep on December 21, 2015.
During the trial proceedings, Premachandra made a statement from the dock asserting her innocence, claiming she was attending an event at the time of the incident.
She also stated that one of the accused, who had pleaded guilty, had taken her Defender vehicle without her consent and used it in the alleged crime.
July 04, Colombo (LNW): The Sri Lankan Rupee (LKR) happens to be steady against the US Dollar today (04) in comparison to yesterday, as per leading commercial banks in the country.
At Peoples Bank, the buying price of the US Dollar has decreased to Rs. 298.76 from Rs. 298.95, and the selling rate has increased to Rs. 309.48 from Rs. 309.08.
At Commercial Bank, the buying and selling prices of the US Dollar remain unchanged at Rs. 298.62 and Rs. 308.50.
At Sampath Bank, the buying and selling prices of the US Dollar remain unchanged at Rs. 300 and Rs. 309, respectively.
July 04, Colombo (LNW): The government postponed the scheduled parliamentary debate on recent debt agreements with bilateral creditors due to complications with private bondholders.
This allegation was levelled by Tamil Progressive Alliance (TPA) Leader MP Mano Ganesan.
In a statement, Ganesan refuted the government’s claim that the debate was postponed due to the death of Tamil National Alliance (TNA) MP R. Sampanthan.
He asserted that the real reason was the government’s difficulties in negotiations with private bondholders, which prevented it from providing Memorandum of Understanding (MoU) copies to the parliamentary finance committee.
“There were no MoU copies and no debate; hence, the debt restructuring process remains incomplete,” Ganesan stated.
He highlighted that the opposition had sought the debate to address these issues but was pressured to oppose the MoUs in parliament.
Govt announced with fanfare that it signed MoUs with debtors & agreed for debate on the same in @ParliamentLK
But the debate did not occur on 2nd/3rd as decided at party leaders guild on Friday.
It's not bcoz of late MP Sambandan's funeral but govt canceled the debate becoz… pic.twitter.com/VIrCQpsR0c
“We, the United People’s Alliance, acted responsibly as the prime opposition and decided not to vote against it but to abstain from voting if the debate had occurred. We wanted to send positive signals to our bilateral debtors, the Official Creditor Committee (OCC) and China, showing our support for restructuring,” he wrote on his official X wing.
Ganesan also praised India’s significant role as a co-chair of the OCC alongside France and Japan, acknowledging India’s $4 billion contribution to stabilise Sri Lanka’s economy.
This aid helped end shortages and brought the country back to near-normalcy, facilitating progress towards the International Monetary Fund (IMF).
He criticised the government’s unsuccessful attempt to align the debt restructuring process with its local electoral calendar, emphasising the opposition and bilateral creditors’ responsibility towards Sri Lanka’s interests.
On June 26, Sri Lanka signed agreements with China and other creditor nations to restructure about $10 billion in bilateral debt, marking a step towards concluding a restructuring process initiated in September 2022 after the country’s reserves plummeted, forcing it to default on foreign debt.
Sri Lankan officials in Paris signed the agreement with the OCC, co-chaired by Japan, India, and France, and a separate deal with China EXIM Bank to rework $4.2 billion of debt.
July 04, Colombo (LNW): Sri Lanka’s Fisheries Ministry has reported an estimated Rs. 700 million in damages to local fishing gear caused by Indian bottom trawlers.
This estimate has been communicated to Indian authorities, including External Affairs Minister Dr. S. Jaishankar.
The issue of Indian bottom trawlers engaging in Illegal, Unreported, and Unregulated (IUU) fishing has strained relations between the two nations.
The trawlers frequently poach in the Palk Bay and Gulf of Mannar, areas known for their rich biodiversity and economically significant marine species such as shrimp, sea cucumber, conch, and pearl oyster.
A previous communication to the Indian Minister highlighted that over 1,000 Indian trawlers, primarily from Tamil Nadu regions like Ramanathapuram, Puthukodai, Nagapatnam, and Karaikal, cross the International Maritime Boundary Line (IMBL) to fish in Sri Lankan waters, sometimes venturing as close as 200 meters from the shoreline.
Bottom trawling involves using heavy metal panels to scrape the seabed, causing extensive bycatch of juvenile fish and crustaceans.
This practice discourages Sri Lankan fishermen from venturing into the sea due to the risk of damage to their nets and boats, and threats to their safety.
Sri Lankan fishermen typically use small, traditional vessels with 8-40 horsepower engines, making them unable to compete with the much larger 400-horsepower Indian trawlers.
The Fisheries (Regulation of Foreign Fishing Boats) Amendment Act No. 1 of 2018 grants the Sri Lanka Navy and Coast Guard the authority to arrest foreign boats and empowers Magistrates to detain these vessels and issue suspended sentences to first-time offenders.
Fisheries Minister Douglas Devananda previously proposed the creation of a Palk Bay and Gulf of Mannar Joint Marine Fisheries Resources Management Authority.
The proposal was presented to Indian Prime Minister Narendra Modi in 2020, but the pandemic hindered further action.
Under the 1976 agreement, Sri Lankan fishermen are prohibited from fishing in Indian waters, and vice versa.
The India-Sri Lanka Ministerial Meeting on Fisheries and the Joint Working Group (JWG) have met multiple times, but Sri Lanka is now calling for these meetings to be reconvened to address the ongoing issues.
July 04, Colombo (LNW): President Ranil Wickremesinghe has expressed his strong belief that the President’s term should be five years and supports the Election Commission’s decision to hold the Presidential Election in 2024, according to the President’s Media Division (PMD).
Yesterday (03), entrepreneur C.D. Lenaw filed a fundamental rights petition seeking to prevent the announcement of a Presidential Election date until the Supreme Court provides an interpretation on the matter.
The petition calls for an interim order to halt the election from being conducted as currently scheduled until the court clarifies the date for the next Presidential Election.
In response, President Wickremesinghe asserted that neither he nor his legal team were consulted or informed about the petition before its submission.
July 04, Colombo (LNW): Ports, Shipping, and Aviation Minister Nimal Siripala de Silva has confirmed that SriLankan Airlines will be restructured rather than sold.
He clarified that current regulations permit transferring up to 49 per cent of the airline’s shares to another party, but no suitable investor has yet come forward.
During a briefing titled “Collective Path to a Stable Country” at the Presidential Media Centre (PMC), Silva noted President Ranil Wickremesinghe’s recent parliamentary address on the importance of ongoing debt restructuring for the nation’s economic recovery.
Despite some opposition scepticism, the overall message was deemed beneficial for the country. he claimed.
The International Monetary Fund (IMF) is actively involved in the restructuring process, adhering strictly to legal frameworks and regulations, the Minister noted.
Discussions on restructuring Sri Lanka’s commercial debt are ongoing, with criteria influenced by IMF evaluations of economic resilience.
The Minister stressed the importance of aligning political actions with international realities, adding that the President’s initiatives mark the first steps towards national recovery, aiming to prevent a regression to previous economic challenges.
The budget for this year includes allocations for provincial councils, pradeshiya sabhas, government departments, and social security benefits like “Aswesuma,” independent of election considerations.
Regarding SriLankan Airlines, Minister Siripala de Silva reiterated the focus on restructuring rather than outright sale.
Despite minimal interest from international investors, any potential Sri Lankan investor would need to demonstrate capability.
The Japan International Cooperation Agency (JICA) will discuss resuming their projects next week, highlighting another benefit of debt restructuring.
While Chinese firms have shown interest in the airport project, contractual obligations with Japan stipulate that contracts should be awarded to Japanese companies.
Additionally, the management of Mattala Airport will soon be handed over to a joint venture between Russia and India.
Development at Kankesanthurai port is progressing with a USD 69 million investment from India.
Indian Foreign Minister Dr. S. Jaishankar, during his recent visit to Sri Lanka, confirmed plans to initiate a ferry service between the two countries soon.
July 04, Colombo (LNW): Power and Energy Minister Kanchana Wijesekera has announced a revised payment system for new rooftop solar panels and other renewable energy projects, effective from July 01.
The new scheme applies only to projects commencing from July 01, while the payment method for projects initiated before this date remains unchanged.
Under the revised system, the 20-year fixed tariff for rooftop solar panel projects will be Rs.27.06 per unit for installations up to 500 kilowatts and Rs.23.18 per unit for those exceeding 500 kilowatts.
Ground-mounted solar panel projects will have a fixed tariff of Rs.25.48 per unit for 20 years.
Small hydro power plants will receive Rs.30.53 per unit, wind power projects will be compensated at Rs.29.86 per unit, and biomass power generation projects will be paid Rs.52.77 per unit.
A payment system for renewable energy projects below 10 megawatts, including rooftop solar panels, was initially implemented in 2022, considering factors such as exchange rates, bank interest rates, and other economic variables.
According to a spokesperson from the Ceylon Electricity Board (CEB), the tariff system introduced in 2022 has been reviewed in light of current economic challenges based on recommendations from stakeholders, consultants, and the charging committee.
An official from the Electricity Board indicated that the new system will result in some reductions in payments for renewable energy projects, including those involving solar panels, starting after July 1.
July 04, Colombo (LNW): President Ranil Wickremesinghe emphasised yesterday (03) that no disruptions to school education between 7.30 am and 1.30 pm will be tolerated.
He has instructed the Attorney General to explore additional measures to ensure this.
The President highlighted the need for uninterrupted education for children, stating, “It is crucial that school closures and strikes do not impede the learning of our children. Our focus must be on future generations.”
He criticised school strikes as harmful and unwarranted, noting, “In 2022, during President Gotabaya Rajapaksa’s tenure, the only salary increase was for teachers. This year, we provided a Rs.10,000 stipend to all government employees. Considering the country’s economic situation, further increases are not viable. Some trade unions have called for additional salary revisions, which is surprising given that teachers have already received two increments.”
These remarks were made during a ceremony at Temple Trees on the 3rd, where appointments were given to officers of the Education Administrative Service, as well as teaching positions to graduates and diploma holders.
The President called on everyone to prioritise children’s education and urged the opposition not to support disruptive actions.
He mentioned discussions with the Education Minister about future teacher transfers and promotions through an online system to ensure fairness.
President Wickremesinghe underscored the importance of dedication in the teaching profession, noting that education cannot flourish without discipline.
He awarded appointments to 60 individuals approved by the Education Service Committee of the Public Service Commission, as well as teaching positions to 1,706 graduates and 453 English diploma holders.
He remarked, “Today, you are assuming a significant responsibility. Even during the past two years of economic hardship, funding for education was increased. Teachers were recruited for both current and future needs, reflecting our commitment to the country’s future.”
Emphasising the government’s dedication to preparing the next generation with modern knowledge and technology, President Wickremesinghe stated, “Our future lies with our children. This is a responsibility we all share.”
He concluded by stressing the need for discipline in education, comparing the role of teachers to that of military officers who train adults.
“If we do not protect the country’s education system and allow disruptions, we jeopardise our future generation,” he warned.
To ensure economic growth, President Wickremesinghe set an ambitious goal: “In the next 20-25 years, we should aim to raise our Gross Domestic Product (GDP) from US$ 85 billion to at least US$ 350 billion for the benefit of future generations.”
July 04, Colombo (LNW): Sri Lankan health authorities have raised serious concerns about a notable rise in kidney disease cases attributed to the use of skin whitening creams, surpassing even the incidence of cancer.
At a recent briefing held by the Health Promotion Bureau, Dr. Indira Kahawita, a Consultant Dermatologist, highlighted this worrying trend.
“There is a collaborative effort between the World Health Organisation and the Sri Lankan Ministry of Health to eradicate mercury use entirely, aiming for zero mercury utilisation. Despite this, these hazardous substances are being widely applied to the body, resulting in severe health repercussions. Mercury exposure can lead to kidney failure,” Dr. Kahawita explained.
Dr. Kahawita shared her observations from recent clinical practice, stating, “In a single day, I examined approximately 60 patients across 40 clinics. Of these, 10 per cent had conditions directly linked to the use of whitening creams. These are not long-term consequences but immediate concerns, such as the development of stretch marks.”
She also noted an increase in alarming symptoms, including blackening of the palms and discolouration of nails turning brown or orange, which have become more prevalent in recent months.
She added that these short-term side effects are occurring more frequently and pose significant health risks even before cancer develops.
