Tri-forces security for ex-presidents to be withdrawn today

The tri-forces security provided to former Presidents will be withdrawn effective from today (23) as announced by public security minister Ananda Wijepala.

The Defence Ministry said instructions for their withdrawal have been issued to the commanders of the tri-forces.

Only police security will be assigned for the security of former Presidents hereafter.

Wijepala told parliament last week that Mahinda Rajapaksa has been provided with 228 tri-forces personnel for his security.

For Maithripala Sirisena, Gotabaya Rajapaksa and Ranil Wickremesinghe, the tri-forces personnel assigned were four, 188 and 57 respectively, he said.

This follows a government decision to curtail security in view of high costs.

Police personnel adequate for their protection would be given without compromising their protection.

Security provided to them will be reviewed every six months, said the government.

Chinese ship ‘Peace Ark’ to stay in Colombo till December 28

The Chinese People’s Liberation Army Navy hospital ship ‘Peace Ark’ arrived in Colombo on a formal visit yesterday.

‘Peace Ark’ is a 178-meter-long hospital ship, crewed by 310 personnel under the command of Captain Deng Qiang.

As part of the official visit, the hospital ship ‘Peace Ark,’ in collaboration with the Embassy of the People’s Republic of China in Sri Lanka, will organize medical treatments and clinics onboard. These will be conducted by the medical staff of ‘Peace Ark’ and the Sri Lanka Navy Medical Department.

In addition, the crew members of the ship will explore some of the tourist attractions in the country during their stay in Colombo. They will also take part in certain programs organized by the Sri Lanka Navy to further enhance camaraderie between both navies. Additionally, Sri Lanka Navy personnel, as well as officer trainees from the Naval and Maritime Academy and Kotelawala Defence University, will have the opportunity to participate in briefings on the operational functions of the ship.

Concluding the formal visit, the Chinese People’s Liberation Army Navy hospital ship ‘Peace Ark’ will depart the island on December 28.

Sri Lanka’s stock market sees over 35-pct growth under new leader, turnover doubles

Sri Lanka’s main stock index in the Colombo Stock Exchange has seen more than 35 percent growth and the daily turnover has more than doubled since the presidential election and analysts cites the return of confidence as the key reason.

The main All Share Price Index (ASPI) has gained 35 percent since Anura Kumara Dissanayake was elected as the president through December 23 close, the official data showed.

The average daily turnover, which was 1.49 billion before the September 21 election has more than doubled to 3.74 billion rupees after the election.

“More than the election, it is about uncertainties going out of the window,” Dimantha Mathew, Chief Research & Strategy Officer at First Capital Holdings PLC, told EconomyNext.

“There were political and policy level uncertainties. There were also uncertainties over the continuity of the IMF programme and the completion of the debt restructuring. However, they have been managed well. With that, the investor confidence has significantly improved.”

“Falling interest rates also have contributed to the current situation. The investor mindset has changed and now they see the equity market as an avenue for higher return.”

However, the market has been mainly boosted by local buying with foreign investors still on the selling side, the official data showed.

The bourse which had suffered a 5.3 billion foreign outflow up September 20 this year has extended the offshore selling by another 4.23 billion rupees under Dissanayake government.

Analysts, however, say the market has still room to grow.

“The index gain is also because investors see increased corporate profitability,” Mathew said.

“Our valuation is around 9 times. This means our stocks are still cheaper. But, of course we are still not out of woods.”

When 13-A is a ‘part of the Constitution’ By N Sathiya Moorthy

Briefing newsmen on President Anura Kumara Dissanayake’s New Delhi visit in Colombo, Foreign Minister Vijitha Herath made a startling commitment of sorts. He conceded that they did not discuss the ethnic issue, implying a political solution, hence the subject did not find a mention in the Joint Statement issued at the conclusion of a hugely successful visit.

Minister Herath had reasons and justifications why they did not discuss a political solution to the vexatious issue, which has become a customary subject for bilateral discussion at all levels, and thus also of joint statements, against at whatever level. According to him, the Thirteenth Amendment was already a part of the (Sri Lankan) Constitution, and there was nothing more to discuss in the matter.

As is known, 13-A facilitated by India through the instrumentality of the Indo-Sri Lanka Accord, both of 1987 vintage, provides for power-devolution to (nine) Provinces created under the accompanying Provincial Council Act (PCA), also of the same year. India went beyond facilitation, unlike in the case of the earlier Thimphu Talks, and LTTE-slain Prime Minister Rajiv Gandhi signed the Accord with late President J R Jayewardene, the author and architect of 13-A and the PCA.

Today, when the incumbent Foreign Minister declares that there was nothing to discuss beyond 13-A, does he imply that the Dissanayake-led NPP government was ready to implement all provisions of the Amendment, as originally passed? If so, will the Government restore powers that were originally conferred to the Provinces under 13-A, in Education and Health sectors but were withdrawn one after the other, in the name of creating ‘National Schools’ and ‘National Hospitals’?

More importantly, will the Dissanayake Government implement 13-A provisions on Police and Land Powers for the Provinces, which were not considered for implementation by successive Governments in the past? Or, is it that Dissanayake and Herath were only indicating that it’s only thus far and no more – and that there was no question of the Colombo Government conceding ‘federalism’, as sought by almost every other Tamil party ahead of the twin polls?

By implication it also meant that ‘federalism’ was not a part of 13-A, and that being the case, India had no role to play. Even without it, the Tamil parties have been shifting from one position to the other and back to the former, over the past several years. Barring Gajendra Kumar Ponnambalam, other Tamil leaders and their parties had penned a common missive to PM Modi not very long ago, asking New Delhi to pressure Colombo (then under President Wickremesinghe) to concede 13-A wholesale – with no reference whatsoever to ‘federalism’, their hobby-horse, off again, on again.

Contrived charade

Incidentally, whenever the 13-A question had arisen after the LTTE had launched fresh offensives, post-Accord, and whenever the Government of the day had commenced fresh negotiations with the same set of Tamil leaders since then, the former invariably ended up talking about a new Constitution, wherein they either implied that the agreed points would be incorporated in the existing Constitution or a brand new Constitution would be put forth, after discussing the pending proposals with other stake-holders, too.

It applies equally to the holier-than-thou ‘Chandrika Package I & II’, the latter being a wanton dilution of what was originally agreed upon with the combined Tamil leadership. The general belief was that changes were required between I and II, to win over the Sinhala South, where not only ‘Buddhist-nationalist majoritarians’ but also the political Opposition would not help to obtain a two-thirds majority in Parliament.

Looking back, it has to be readily conceded that the Chandrika Packages were as much a ploy as those that followed to deny the Tamils their due – or, what was accepted by the government of the day. There are dispassionate reasons now to believe that President Chandrika Bandaranaike-Kumaratunga, CBK, combined the ‘ethnic package’ with her proposal for advancing the presidential polls, with a clear knowledge that the Opposition UNP would reject it wholesale. That would not have been possible if the Package and the presidential term/poll Bill had been de-linked and put to separate votes in Parliament.

In doing so, now-disintegrated SLFP’s CBK was more than helpful to the equally forgotten UNP and its continually discredited ‘Leader’, Ranil Wickremesinghe, then the Leader of the Opposition in Parliament. Imagine a situation in which the CBK government had de-linked the two Bills and forced the UNP to take a stand on the ‘ethnic package’? Ranil and the UNP would have been cornered, and he would have also lost the opportunity to dramatize their rejection of the combo Bill by burning it within the Parliament’s Chamber.

In sum, it was a politico-constitutional sacrilege that had been well thought out in advance. Thankfully it has not been repeated or replaced by a worse sin of the kind. Yet, the fact remains, the ‘Chandrika Package’ has remained the most contrived charade of the kind that looked more convincing than even the 13-A, which, as it turned out not one of JRJ’s successors, was keen on implementing – full, half or quarter.

That includes the JVP-initiated legal proceedings, at the end of which the Supreme Court de-merged the Northern and Eastern Provinces, which was a bedrock of the Indo-Sri Lanka Accord. Needless to say when Minister Herath talks about 13-A in all seriousness or innocence or both, he is also implying a de-linked North and East. Then and now, it is another matter, keeping the North and East together as a single provincial unit was/is impractical, unconvincing and artificial.

It is another matter that then or now, such a course would not have won an exclusive referendum in the East, as provided in the Provincial Council Act. Such a course implied that the East was merging – or, being merged — with the North and not the two of them were merging on their own volition.

Tipping point

Truth be acknowledged, the closest that the two sides came to being able to implement a new package acceptable to the Tamils especially was when the post-war Mahinda Rajapaksa government initiated political negotiations with the TNA. The negotiations did progress though there were inherent impediments, including the question of re-merger of the North and the East. The expectation was that the TNA would not be unwilling to accept the ground reality if only they got a face-saving commitment on Police and Land Powers.

The two sides did come to a general agreement on Land Powers, according to reports. They were also not travelling away from a loose consensus on Police Powers, though from time to time, the government negotiators might have been perplexed by the contra indications that came to them from the top, between one session and the next. Yet, neither side had lost hope.

The tipping-point came about when M A Sumanthiran, then a upcoming post-war leader introduced to the TNA and the nation, went to town about the ongoing US-led UNHRC process ahead of the maiden bid in March 2012. Sumanthiran claimed, rather owned up, the TNA’s pressure on the US as the main reason for the initiation of the UNHRC process after Sri Lanka had countered a pending post-war draft resolution with a supportive counter from, yes, India and China, otherwise adversaries.

Whoever had thought out the strategy, especially of making the TNA mouth public support for the US-led process, had obviously concluded that any governmental indication in that first year that it was up to putting the ‘brave soldiers’ up for a ‘Nuremberg-like’ trial, won the day. Subconsciously, every Sri Lanka stake-holder had recent memories not only of Mullivaikkal but also the ‘Saddam Hussein trial and execution’ running in his mind. The contradictory messages from both were confusingly confounding, causing the political talks to end abruptly.

No-brainer, yet…

Today, after the JVP-NPP won the highest number of votes in the key Jaffna electoral district and bagged the highest number of three of six parliamentary seats from the district, and also fared even better elsewhere across the Tamil land in the North and the East, there isn’t much that the Tamil parties and their leaders could crow about, as their achievements from the past. As if on cue, even as the results were pouring in, each and every one of them, rather than discussing or debating their collective failure as the broken conscience of their Tamil people, began talking about ‘Tamil nationalism’, political solution – and now back to ‘accountability issues’.

This is a no-brainer, and they all know it all the same. Their immediate task, as is the case with the JVP-NPP at the national-level, is to consolidate their collective electoral positions in the Tamil areas, through the local government polls, which AKD has now promised before the twin Sinhala-Tamil New Year, in mid-April, followed by the even more delayed Provincial Council polls later next year. For them to try and resurrect their fallen image and vote-shares, they need to revive the ‘Tamil nationalist’ cause, which has failed them all in the parliamentary poll more visibly than in the presidential election.

But will it work? And will the Tamil parties and leaders come together, as initiated by Gajan Ponnambalam, now after the parliamentary election? More importantly, does the present leadership of the multiple Tamil outfits, both political and social, ready to step aside for good and hand over the torch to the younger generation? They are either old, discredited, or both.

They are not going to do it, and they are unlikely to woo back those voters that had gone the NPP way in the parliamentary election. Which means, whether it is 13-A or not — it certainly is not going to be federalism – a political package, new or revival of the old, would depend entirely on the NPP’s performance in the twin polls in the New Year. If they sweep both as with the parliamentary election, they would feel more confident than already.

They can decide and also convince the southern Sinhala nationalist constituency on whatever they decide – 13-A, plus or minus, or none. Only post-war Mahinda leadership could have sold that kind of package to the southern Sinhala constituency.

Conversely, if the NPP fails to fare well in either or both polls, and in relative terms, they would have to fall back on their traditional Sinhala-Buddhist nationalist constituency. Rather, they cannot afford to risk anything…

And thereby hangs a tale!

(The writer is a Chennai-based Policy Analyst & Political Commentator. Email: sathiyam54@nsathiyamoorthy.com)

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Moody’s raises Sri Lanka’s rating after debt overhaul approval

Credit ratings agency Moody’s on Monday raised Sri Lanka’s long-term foreign currency issuer rating to ‘Caa1’ from ‘Ca’ with a stable outlook, after the country’s creditors approved a $12.55 billion debt overhaul last week.

Sri Lanka’s credit profile reflects the reduction in external vulnerability and government liquidity risk, and prospects for fiscal and debt sustainability, Moody’s said in a report.

“Sri Lanka’s credit fundamentals have improved over the past two years… external vulnerability and government liquidity risk have both declined from elevated levels,” Moody’s said.

The island nation had defaulted on its foreign debt for the first time in May 2022 due to its high debt burden and dwindling foreign exchange reserves.

Its bondholders last week signed off on the government’s proposal to restructure its international bonds as the island nation recovers from its worst financial crisis in decades.

The rating action marked the conclusion of a review Moody’s initiated last month, in which it had indicated a possible upgrade.

Ratings agency Fitch on Friday raised Sri Lanka’s long-term foreign-currency default rating to ‘CCC+’ from ‘restricted default’.

Source: Reuters

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Chinese People’s Liberation Army Navy hospital ship ‘Peace Ark’ arrives in Colombo

The Chinese People’s Liberation Army Navy hospital ship ‘Peace Ark’ arrived in Colombo on a formal visit yesterday. (21)

The visiting ship was welcomed by the Sri Lanka Navy in compliance with naval traditions.

‘Peace Ark’ is a 178m long hospital ship, crewed by 310 personnel under the command of Captain Deng Qiang.

As part of the official visit, the hospital ship ‘Peace Ark,’ in collaboration with the Embassy of the People’s Republic of China in Sri Lanka will organize medical treatments and clinics onboard.

‘Peace Ark’ will depart the island on 28th December.

Posted in Uncategorized

Ambassador of Norway calls on PM Harini

Prime Minister, Dr. Harini Amarasuriya, welcomed the Ambassador of Norway to Sri Lanka, May-Elin Stener, during a courtesy call at the Prime Minister’s Office.

The discussion on Friday focused on fostering a collaborative partnership between the two nations, with key topics including poverty alleviation, social protection measures, tax reforms, renewable energy, and employment generation, the Prime Minister’s Office stated.

Dr. Amarasuriya emphasized the importance of transforming Sri Lanka’s education system and highlighted ongoing efforts to digitize governance for improved public service delivery, the statement added.

The meeting was attended by senior officials from both the Norwegian Embassy and the Sri Lankan government, including Mr. Pradeep Saputhanthri, Secretary to the Prime Minister, Ms. Sagarika Bogahawatta, Additional Secretary to the Prime Minister, and Ms. Shobini Gunasekera, Director General of the Europe and North America Division at the Ministry of Foreign Affairs.

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AHRC calls on President Dissanayake to prioritize urgent legal reforms

The Asian Human Rights Commission (AHRC) has urged Sri Lanka’s President Anura Kumara Dissanayake to take immediate action to implement critical legal reforms aimed at restoring the rule of law in Sri Lanka.

In a written appeal, Basil Fernando, the Director of Policy and Programs at the AHRC, emphasized the pressing need to address key deficiencies in the country’s legal and judicial systems. The AHRC identified three crucial areas requiring immediate reform.

The organization stressed the importance of ensuring the daily hearing of serious criminal cases in the High Courts to expedite the judicial process and reduce delays in justice delivery. It also called for the introduction of comprehensive legislation to combat bribery and corruption, a measure deemed essential to restore public confidence in governance and accountability.

Additionally, the AHRC highlighted the necessity of reforming the Attorney General’s Department to enhance its independence, efficiency, and transparency.

The sagging Indian interest in 13 A -MOHAMED AYUB

It is hardly surprising to note that India is weaning off the 13th Amendment in the light of the vast transition the world has undergone since the days India aggressively supported even the secessionist outfits in Sri Lanka

Is the 13th Amendment to the Constitution – the most controversial and lengthy modification introduced to the country’s basic law – losing its significance?

The answer seems to be in the affirmative with India, the real architect of that Amendment gradually lessening its weight in its own statements, the possibility of it dying a natural death or becoming a dead letter is apparently high. Also, with the provincial councils, the practical outcome of the 13th Amendment having been almost forgotten even by the Tamil leaders, its significance is no doubt diminishing.

At none of the several meetings President Anura Kumara Dissanayake held with Indian leaders including Prime Minister Narendra Modi and External Minister Dr S. Jaishankar during his two-day visit to New Delhi early this week, the matter was specifically transpired, according to media reports. However, only Prime Minister Modi during his joint press briefing with Sri Lanka President on December 16 made a passing reference to the 13th Amendment, but indirectly.

He stated “We hope that the Sri Lankan government shall fulfil the aspirations of the Tamil people. And that they shall fulfil their commitment towards fully implementing the Constitution of Sri Lanka and conducting the Provincial Council Elections.” It is purely a matter for the Sri Lankan government to implement the country’s Constitution fully or partially, but it is obvious here that Indian Premier by implication was referring to the implementation of 13th Amendment which was the direct outcome of the Indo-Lanka Accord of 1987. Never in the past 37 years since the signing of this Accord did the Indian leaders refrain from directly referring to this Amendment.

Sri Lankan Tamil newspapers were concerned about the 13th Amendment not being referred to in the joint statement issued at the end of Sri Lankan President’s India tour. However, it has to be reminded that a similar statement issued during the former President Ranil Wickremesinghe’s visit to New Delhi in July last year was also silent on the matter. It was the Indian Prime Minister who mentioned it in his speech during the joint press briefing with Wickremesinghe, as he did this time. Yet, then he specifically referred to it, not indirectly.

This development has to be taken note of with an incident occurred seven years ago. In February, 2017, leader of the Eelam Peoples’ Revolutionary Liberation Front (EPRLF) Suresh Premachandran told the then Indian Foreign Secretary Dr. S. Jaishankar during a visit to Sri Lanka by the latter that India has a moral responsibility to prevail upon the Sri Lankan government to re-merge the North and East as it is a part of the Indo-Sri Lanka Accord. The Indian diplomat had then replied that “much water has flowed under the bridge since 1987 and it will be better for all concerned to make use of the various windows of opportunity which have opened up recently with the change of regime in Colombo and secure the rights of the Tamils.”

The Indo-Lanka Accord provided for the merger of the Northern and Eastern Provinces, though temporarily until a referendum is held in the multi-ethnic Eastern Province and for the institutions of provincial councils through the 13th Amendment. Now, India seems to have dropped the merger issue for good and prefers not refer to the 13th Amendment specifically.

It is hardly surprising to note that India is weaning off the 13th Amendment in the light of the vast transition the world has undergone since the days India aggressively supported even the secessionist outfits in Sri Lanka. During the Cold War India sided with the Soviet Bloc whereas the Sri Lanka’s government headed by President J.R. Jayewardene stood with the Western countries led by the US. India then felt it was being encircled by the West, as another two countries, Pakistan and Bangladesh too took a pro-Western stance.

Indian Prime Minister Indira Gandhi took advantage of the first opportunity she got to penalize Sri Lanka for its pro- West stance, when a large number of Tamil refugees from Sri Lanka started to arrive on the shores of Tamil Nadu subsequent to the 1983 anti-Tamil pogrom and with the escalation of fighting between the Sri Lankan armed forces and the Tamil separatist groups. She supplied those armed groups with arms and training while pressing the Sri Lankan leaders to devolve powers to Tamil dominated provinces. Thus, the India-Lanka Accord came into being in 1987.

However, with the end of the Cold War in early nineties, India’s economic interests have superseded its strategic interests in respect of Sri Lanka and its concerns on the Sri Lankan Tamils gradually began to take a back seat. Simply, it is the India’s own interests and not the rights or plights of Sri Lankan Tamils that have dictated it to take both stances on Sri Lanka during and after the Cold War.

Sri Lankan Tamil leaders have been heavily relying on India’s support to win their demands since early eighties when India intervened in the Sri Lanka’s ethnic affairs. With India’s indifference towards their demands or its obsession with its own economic and strategic interests in the region, they have been compelled to find solutions to their problems, as Dr. Jaishankar advised seven years ago to make use of “the various windows of opportunity which have opened up recently.”

The NPP government has assured that the 13th Amendment would not be scrapped until a solution agreeable to all concerned is found. Responding to this assurance, leaders of the Tamil Progressive Alliance (TPA), leader Mano Ganesan had observed that the bird in the hand is worth the one flying in the sky (the original proverb says the bird in the hand worth the two in the bush). In other words, he prefers provincial councils be activated first. And the government has also assured that the provincial council elections would be held next year.
A new solution to the ethnic problem could only be found through a Constitutional amendment or a totally new Constitution which the NPP government says would be introduced in three years. Hence, the only option left with the Tamil leaders is to be satisfied with the existing “window of opportunity” and make maximum use of the “bird in the hand,” without playing politics with it, as the leaders of the last Northern Provincial Council did.

Sri Lanka walks a tightrope between India and China – DW

Sri Lankan President Anura Kumara Dissanayake met India’s Prime Minister Narendra Modi and President Droupadi Murmu in New Delhi on Monday to bolster ties between the neighboring countries.

Dissanayake said India’s economic support is critical in realizing his vision of a prosperous Sri Lanka, as the island nation emerges from the worst economic crisis in its independent history.

“Our conversations focused on strengthening Indo-Sri Lanka economic cooperation, enhancing investment opportunities, fostering regional security, and advancing key sectors such as tourism and energy,” Dissanayake, who is popularly known as AKD, said in a statement.

“These engagements reaffirm the commitment to deepening the partnership between our two nations.”

New Delhi’s support amid geopolitical tensions

Modi announced on Monday that India plans to supply liquefied natural gas to Sri Lanka’s power plants and will work on connecting the power grids of the two countries.

Many analysts expect AKD’s government to come under pressure amid growing geopolitical competition, especially as India and China vie for influence in the region.

Srikanth Kondapalli, an expert on China studies at New Delhi’s Jawaharlal Nehru University, said that Dissanayake’s move to prioritize India as a strategic partner is influenced by their shared geographical proximity. India has long shared close political, cultural, economic and military ties to Sri Lanka.

“Unlike Nepal’s Prime Minister KP Sharma Oli, who broke with the usual practice of making India the first destination in the neighborhood, AKD’s strategy aligns with India’s interests in promoting stability and democratic governance,” Kondapalli told DW.

Sri Lanka’s strategic shift

Earlier this month, Nepal’s Oli, who was appointed prime minister in July, went on a four-day trip to Beijing to expand cooperation on China’s Belt and Road Initiative (BRI), a massive infrastructure plan that aims to smooth Chinese trade links with dozens of countries.

“This is also informed [by] the much-needed assistance of nearly $4 billion (€3.8 billion) that India extended after Sri Lanka’s meltdown in 2022 and the failure of China to bail out Colombo,” he added, referring to the country’s 2022 economic crisis.

Kondapalli noted that China’s aggressive maritime activities and alleged predatory fishing operations in the Indian Ocean have raised concerns for Sri Lanka.

“The loss of Hambantota port for 99 years and extra-constitutional provisions on Colombo’s port project to China has sapped Sri Lanka,” said Kondapalli.

The port of Hambantota has been a Chinese-run facility since 2017, when Sri Lanka and China signed a 99-year lease after Colombo struggled to repay debt from the port’s construction.

“Dissanayake is righting the wrongs done by his predecessors who provided unprecedented space for China and is resetting relations with India,” Kondapalli added.

Relations with China under scrutiny

As Sri Lanka comes to terms with its economic realities and seeks to redefine its relationship with its influential neighbors, it faces critical decisions that will shape its economic future and sovereignty.

Dissanayake’s visit to New Delhi is crucial for setting the tone of the island nation’s foreign policy, especially considering his upcoming trip to China planned for early 2025.

“Sri Lanka has indeed decided to balance India and China and Dissanayake’s government will be keen to show some gains while also appearing even-handed,” Anil Wadhwa, a former Indian diplomat, told DW.

“The Chinese military presence will, however, continue to grow with the ships equipped with radars and sonography equipment now paying regular visits to Sri Lankan ports,” he added.