Author: TELO Admin

Details of Sri Lanka’s agreement with China Exim Bank were shared with Paris Club creditors, raising expectation of a bilateral credit restructuring deal, a media report said.

Central Bank Governor Nandalal Weerasinghe was quoted by Bloomberg Newswires as saying that now that details were shared, he hoped the Paris Club would also come forward with their proposal, helping clear an IMF review before the end of the year.

Sri Lanka was awaiting China’s consent to reveal the details after an earlier ‘staff level’ style or ‘in principle’ agreement on restructuring debt.

Sri Lanka was in line to meet December IMF targets for reserves and central bank credit to government, he said.

Sri Lanka is still expecting the IMF program approval before the end of the year, he said.

On Monday (13) morning President Ranil Wickremesinghe convened a Cabinet meeting to seek approval for Budget 2024. At the meeting, the Cabinet touched not only on the salient points of the Budget proposals but also on the Aswesuma welfare benefit scheme. It was the President’s Chief of Staff Sagala Ratnayake who apprised the Cabinet regarding the Aswesuma relief project.

Sports Minister Roshan Ranasinghe, who had reportedly caused a stir in the House having claimed that he would not even touch a glass of water at the Presidential Secretariat, fearing he’d be poisoned, was also part of the Cabinet meeting.

After the Cabinet Meeting was over, Minister Kanchana Wijesekara was heard quipping “If you are scared to drink water from here, you can use mine,” when Minister Ranasinghe was passing by him to which the latter chose not to respond.

At the conclusion of the Cabinet meeting, the President stated that he will extend the powers entrusted to the Cabinet Subcommittee to look into the suspension of Sri Lanka Cricket (SLC) from the ICC. Before the Ministers dispersed, the President advised Minister Ali Sabry to meet him and he escorted the Foreign Minister to his office. The President instructed Sabry to summon the SLC President to the Presidential Secretariat and to keep him informed of the outcome of talks later. It was also reported that the President had decided to prevent the Sports Minister from forming Interim Committees for sports bodies henceforth sans the approval of the Cabinet. As per the advice from the President, Minister Sabry summoned the SLC President to the Secretariat and had taken the requisite measures.

The President and his entourage then headed to the Parliament Complex at around 11.30 a.m. armed with the briefcase containing the budget proposals. The Leader was welcomed at the entrance to the House by the Speaker, the Leader of the House, the Chief Government Whip, State Minister Geetha Kumarasinghe and the Sergeant-at-Arms Narendra Fernando. The President then headed to the Complex and delivered his budget speech and took care to complete it within a 120-minute period. Before winding up his speech the President also did not forget to invite the SJB-led Opposition to join forces with his administration to resuscitate the country from its parlous economic state. As the budget had been delivered in the afternoon a luncheon was organised at the Complex. The President, Former President/PM Mahinda Rajapaksa, Speaker Mahinda Yapa and a few other Ministers were seen having their lunch seated together. Most of the Ministers approached the President and commended him for having tabled a pragmatic budget for the country amidst the country’s dire economic outlook. Among other MPs who were involved in the luncheon reception were SJB MPs Dr. Harsha de Silva, S.M. Marikkar, Iran Wickremaratne and TNA MP M.A. Sumanthiran.

The President on Tuesday, having concluded the NSC meeting, headed to the House. Before arriving in the Chamber he decided to be in the Lobby and seek views from both Government and Opposition MPs regards the pros and cons of his budget proposals. Opposition MP Waruna stated that he was surprised to see the Leader in a relaxed state of mind and the President merely quipped that he had only tried to say hello and look into their wellbeing. The President then turned to MP C.V. Wigneswaran and sought his vote to pass the budget as he had guaranteed land rights to farmers in the North and had channelled funds to those displaced in the war. He was of the view that the aspirations of the people of the North had been fulfilled by him via the 2024 budget.

An MP said that some are complaining that the Government had not addressed the grievances of doctors and university lecturers. The President opined that those issues had been looked into before the budget and insisted that the budget is a place where policies are discussed and it should not be construed as the platform to resolve issues. A few MPs also touched on sectors such as the fisheries and agriculture and the President instructed Ashu Marasinghe to apprise him of the outcome of discussions on such sectors through the Parliament Oversight Committees.

A group of Opposition MPs queried why the President had subtly clipped the wings of the Sports Minister, as he had entrusted the Cabinet Sub Committee, headed by Ali Sabry, to resolve the SLC matter and to henceforth ban the formation of Interim Committees without the consent of the Cabinet. The Leader then left the place smiling and without striving to respond. The President having spent around 30-minutes with the Opposition MPs then headed towards the Government MPs and also spoke to a group of MPs headed by former President Rajapaksa. MP Wajira Abeywardene said that though the former President has been supportive of the budget MP Namal Rajapaksa had been critical of it to which Mahinda said that his son may have swallowed a dead rope. MP Samanpriya Herath said that the Opposition was struggling to decide whether to either support the budget or abstain from the vote as the proposals put forth by the Leader had opened the door for a robust economy here.

The President, in the afternoon, met media outlet heads and there he was bombarded with queries on both the budget and the ongoing crisis plaguing the SLC. He simply mentioned that akin to the manner that he had revved the country’s stalled economy, he would do likewise to cricket. In the evening the President arrived at the Nelum Pokuna Theatre to grace the Presidential Cinema Awards ceremony. There, the most notable incident that took place was when the Leader opted to step off the dais and walk towards veteran songstress Nanda Malini to hand over an award to her. It was coordinated by Saman Athaudahetti. She had been invited to the event by the organisers as her name had been mentioned in the song category for an award. But, due to her ill health she was advised to be seated rather than stepping onto the dais in case her name was announced as a winner. Her daughter was supposed to collect her award on her behalf. Athaudahetti then read out her name and informed State Minister Shantha Bandara of Malani’s inability to step onto the dais to collect her award due to her health condition. But, the President having realised her plight was magnanimous enough to walk towards her to hand over her award. The President recalled how he had been present at the inaugural Sarasavi Film Awards in 1963 when the veteran vocalist had received her maiden award. He said that after six decades he had been fortunate enough to hand over another coveted award to her. The Best Actor award was presented to Kamal Addararachchi, who starred in the film Ginnen Upan Seethala portraying the late JVP Leader Rohana Wijeweera. When the actor came to receive his award the President quipped that he should be present at the UNP rallies to speak in his capacity as the former leftist firebrand politician. The President during the course of the week went to the Finance Ministry and discussed the budget.

Afterwards, he attended an event held at the BMICH to commemorate the 10th death anniversary of renowned educationist R. I. T. Alles. On Thursday night the President took wing to Male to attend the inauguration ceremony of his newly elected Maldivian counterpart. He was invited to the event by the newly elected Maldives President.

India is sending the Union Minister of Earth Sciences Kiren Rijiju to represent it at the oath-taking ceremony of the Maldivian President-elect Dr. Mohamed Muizzu. The ceremony is to take place on Friday.

The choice of Rijiju is significant in as much as he is a member of parliament from Arunachal Pradesh, a State in North East India which China claims as “Southern Tibet”.

As a result of the claim, China issues “Stapled Visas” to Indians from Arunachal Pradesh. China also protests whenever India holds military exercises in Arunachal Pradesh.

By sending Rijiju, India is posing a challenge to China as well as the new Maldivian government which is seen to be inclined towards China.

In his election campaign, Muizzu had maintained that he would be even-handed between India and China. But he made it clear that he would ask India to remove its military helicopter and its crew from the island, a demand that President Yameen had made but unsuccessfully. Yameen and Muizzu hold the view that there should be no foreign military presence on Maldivian soil.

However, Muizzu had indicated that he would not follow the extremist “India Out” campaign launched by former President Abdulla Yameen’s Progressive Party of the Maldives with government encouragement. Muizzu belongs to the same party and had been Housing Minister in Yameen’s government.

Under Yameen, the Maldives had swung to China hugely to the bitter displeasure of India. However, in 2018. the pro-India Ibrahim Solih came to power and restored the earlier good relations with India.

But Solih could not last beyond one term and the pro-China Muizzu was voted to power in October this year. He is said to be under the influence of Yameen, although Yameen is in jail for high corruption.

China will be represented at the inauguration by Madame Shen Yiqin, former Communist Party chief of the southern Chinese province of Guizhou who was later appointed as one of the country’s five State Councillors, becoming the most senior woman official in the leadership.

However, according to Chinese sources, Madame Shen is not a very important figure although she is the top rungs. She probably is of the same importance in the Chinese establishment as Rijiju is in the Indian government.

In its official announcement, the Indian government said that the Maldives holds a significant position in Prime Minister Narendra Modi’s vision of “SAGAR” (Security and Growth for All in the Region) and the “Neighbourhood First Policy,” thus making it India’s principal maritime neighbour in the Indian Ocean Region (IOR).

According to the MEA, the “high-level” of Ministerial representation from India at the inaugural ceremony, underscores India’s commitment to further deepen substantive cooperation and robust people-to-people ties between the two countries.

India said that it had received an invitation for Prime Minister Modi to attend the oath-taking ceremony of Maldives President. But it decided to send Minister Rijiju instead, describing it as a high-level representation.

Modi had congratulated Muizzu on his victory. “Congratulations and greetings to @MMuizzu on being elected as President of the Maldives. India remains committed to strengthening the time-tested India-Maldives bilateral relationship and enhancing our overall cooperation in the Indian Ocean Region,” PM Modi had posted on X (formerly Twitter).

At the invitation of the Sri Lankan government, Chinese President Xi Jinping’s Special Envoy and State Councilor – Shen Yiqin is to visit Sri Lanka from Nov. 18 – 21.

The announcement was made by the Chinese Foreign Ministry Spokesperson Mao Ning.

The State Councillor is also visiting the Maldives to attend the inauguration ceremony of the new President to be held tomorrow (Nov. 17) in Malé.

The ruling Sri Lanka Podujana Peramuna (SLPP) has no intention of defeating President Ranil Wickremesinghe’s budget for 2024, according to SLPP leader and former president Mahinda Rajapaksa.

Speaking to reporters in Kandy on Wednesday November 15 after a religious ceremony at the Temple of the Tooth, Rajapaksa intimated that, while the budget may have a few minor shortcomings, it was generally positive.

“Yes. When we’re together, with a few minor shortcomings, there is a journey we’re embarked on together,” he said in a somewhat garbled and hurried response to a direct question by a reporter on whether he thought the budget was good.

Rajapaksa was ostensibly referring to the continuation of his party’s ongoing alliance with President Wickremesinghe, though speculation continues to be strife that all is not well.

Rajapaksa’s son and SLPP legislator Namal Rajapaksa, contrary to his party leader, sounded rather sceptical of Wickremesnghe’s ambitions for turning the crisis-hit economy around through the 2024 budget.

“We must study the budget. He had presented a lot of these proposals in last year’s budget too. They don’t seem to have been implemented,” Namal Rajapaksa said, speaking to reporters after the budget presentation Monday November 13 afternoon.

According to Rajapaksa senior, however, the SLPP has no intention of defeating the budget, which would result in a dissolution of parliament followed by an election.

“No, there is no reason to defeat the budget. None of our people intend to do that now,” he said.

Asked to comment on his son’s remarks on the budget, the former president said: “Ask him about that.”

The SLPP leader also said his party ready for an election “anytime”.

“We have planned to hold the party convention in a grand scale. We intend to bring every member from every district,” said Rajapaksa, adding that his brother and SLPP architect Basil Rajapaksa is currently organising the convention.