“Pressure must be applied on the Chinese” – PB on Port City

The idea that the China-built Port City will channel billions of dollars into the economy from the outset is a “misunderstood concept by many” but the project is expected to catalyze construction, employment and the capital’s property in its first phase, said P B Jayasundera, Secretary to the President.

“If anybody thinks a US$ 20b investment will come front-loaded, that won’t happen,” he told the Sunday Times. “You have to phase it out.”

“Land investment was only what Chinese were supposed to do,” he elaborated. “For that, they were paid in kind. That is seven blocks. From our point of view, that they have now recovered and now, the whole area, including their seven blocks, comes under the purview of the Colombo Port City Commission. It’s an economic zone now.”

Within that zone, the Chinese must achieve two things, the President’s Secretary, and former Treasury Secretary, said. “One, they have to recover their US$ 1.4bn investment on the land and related infrastructure,” he explained. “For that, they have to earn by selling their land. At the same time, the purchaser won’t hold the land for an unknown period, he will build.”

To attract investment, the Chinese have “on their own” started to concentrate on the financial sector, which is just one of the zones the Port City has been segmented into, Dr Jayasundera said. “They propose to start financial sector construction on their own lands,” he pointed out. “In September, they are planning to have a property developer build three out of five towers for this purpose.”

It is anticipated that this will activate the local construction industry. “They will have to procure various materials, carpenters and technicians, etc,” he pointed out. “They use some people from here. And in the initial two-three year phase of construction, they have to rent apartments or other housing, project offices, etc, and that is a kind of cash flow.”

The Government expects t his catalyst to generate US$ 300-400mn annual inflows per year in incomes such as food, rents, and so on. In the meantime, the marina – which is now nearly ready – can start operations, along with parking spaces and some of the shopping centres.

“Everything need not be fancy and extravagant in the first phase,” Dr Jayasundera stressed. “That is how it has been sequenced. My assessment is that, in the first phase, there will be US$ 300-400mn annual cash flow because of the heavy construction work that has to happen.”

“If not for the pandemic, we would have now seen a cash flow,” he said. “”There is no point in delaying these things. And pressure must be applied on the Chinese. The environment has been created for them to deliver because we are not allowing them to borrow from local banks. They have to repay their loans, whoever the bankers were that funded them. These are registered, listed companies. This (Port City) might be a small fraction for them but they have to make sure their portfolio is credible. “

Sri Lanka daily COVID-19 deaths hit another record high Saturday with nearly 200 deaths, toll exceeds 7100

Sri Lanka for the third consecutive day reported an all-time high death toll due to COVID-19 Saturday confirming 198 deaths on Friday, August 20, 2021.

The Director General of Health Services on Friday, August 20 has confirmed 198 deaths due to the COVID-19.

Among the Friday’s deaths, 117 are of males and 81 of females. The majority of the deaths numbering 154 are of elderly people in the 60 years and above age group.

According to the data reported by the Government Information Department, the total deaths due to Covid-19 since the pandemic began has now risen to 7,183 including Friday’s deaths.

US Ambassador calls on Foreign Minister

The Ambassador of United States to Sri Lanka Alaina B. Teplitz called on the Minister of Foreign Affairs, Prof. G.L. Peiris today (21).

The Foreign Minister thanked the United States for the assistance extended to combat the pandemic and to mitigate the environmental impact of the MV X-Press Pearl disaster.

Prof. Peiris also welcomed the recent tripartite Letter of Cooperation between the EDB, the USAID and the Ceylon Chamber of Commerce under the PARTNER programme to offer training for Development Officers of the EDB.

Furthermore, he also welcomed private sector investments from the United States in Sri Lanka.

Moreover, other bilateral matters such as the convening of the U.S.-Sri Lanka Partnership Dialogue, the Joint Commission of Trade & Investment Framework Agreement and U.S.- Sri Lanka Sectoral Dialogues were also discussed in detail during the meeting.

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Sri Lanka recognizes Taliban authority in Kabul, accepts ‘amnesty’

Sri Lanka has recognized the authority of the Islamic fundamentalist Taliban which fought their way to power in Afghanistan and expressed happiness at an “amnesty”’ offered by them to foreigners.

“Now that the Taliban is in power, the government of Sri Lanka requests that the law and order situation be stabilized and the safety, security and dignity of all people in Afghanistan be safeguarded,” the Sri Lanka Foreign ministry said in a statement.

“The Government of Sri Lanka is happy to note that the Taliban has offered an amnesty and promised not to harm any foreigners and requests the Taliban to continue honouring that commitment.”

It was not immediately clear why a foreigner staying legally in Afghanistan would require an amnesty from the Taliban.

The group notoriously bombed and destroyed the 6th century Buddha statues in March 2001 when they controlled the land-locked nation from 1996 till about the end of 2001.

The Islamic extremists earned universal condemnation for reducing the imposing Buddha statues to rubble in an act regarded as a crime against humanity.

The Sri Lankan foreign ministry welcomed pledges given by the Taliban which had previously flogged women in public for being teachers, beheaded alleged criminals and banned girls from schools and cut off ears of anyone who listened to music.

“The government of Sri Lanka is also happy to see the pledges given by the Taliban that the women in Afghanistan can work and girls can go to school, following the Islamic tradition,” the statement said.

However, the Taliban is yet to clarify what form of Islamic “tradition” they will follow, with the group’s leaders telling international media last week that they will not allow their daughters to go to school.

No country has yet officially recognised the Taliban regime in Kabul, but China, Iran and Russia have made statements supportive of the fundamentalists.

The first Taliban regime came to an end in 2001 when they were militarily dislodged by the United States after the group was accused of sheltering Osama Bin Laden, the master mind of the 9/11 attacks in New York and Washington.

However, Washington has been in talk with Taliban representatives in Doha, Qatar for over two years to secure an orderly withdrawal of US troops scheduled to be completed by August 31.

The Taliban made a spectacular advance into Kabul and seized power last week as US troops evacuated Afghan provinces and were poised to make a complete withdrawal.

Evacuating Lankans

The foreign ministry said Sri Lanka is also “deeply concerned” about the situation in Afghanistan where 86 of its nationals have been living.

Forty six have been evacuated and another 20 are being taken out on Saturday while the balance 20 have opted to stay put.

Source:economynext

No public transport until August 30: Dilum

No public transport will be available during the nationwide lockdown period until August 30, Transport State Minister Dilum Amunugama said.

He said permission would be granted if buses are requested institutionally to transport employees only on essential services.

He said only the employees of that particular institution that has made the request could travel in those buses.

“The government and the private institutional department heads should keep in mind to summon employees who live within that particular province and ensure they adhere to strict health guidelines, and if they need to call their staff who travel from outside the province, the institute could make a request for adequate buses. It is not relevant how the fare for those buses would be met; it could either be by the institutions or by the employees. The responsibility should be taken by the institutional heads of the department,”he said.

Meanwhile, the Sri Lanka Railways Station Masters’ Union (SLRSMU) yesterday announced that no train services for commuters until August 30.

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Sri Lanka confirms record daily high of 195 COVID deaths

The total number people who fell victim to COVID-19 infection in Sri Lanka soared yet again as a record high of 195 new fatalities were confirmed by the Director-General of Health Services on Thursday (August 19).

This is the highest number of deaths reported within a day since the beginning of the pandemic.

The new development has pushed the official death toll from the virus outbreak in Sri Lanka to 6,985.

According to the data released by the Department of Government Information, the latest victims include 98 males and 97 females.

As many as 151 deaths were reported among the elderly people who are aged above 60 years.

In addition, 43 individuals aged between 30-59 years and one male below 30 years have also succumbed to the virus infection.

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President urges public to prepare for sacrifices if country is forced to endure prolonged lockdowns

All citizens above the age of 30 years are expected to be fully vaccinated against COVID-19 by the 10th of September, President Gotabaya Rajapaksa said addressing the nation today (Aug. 20).

In his statement, the President stated that nearly 98% of the population aged over 30 years have received the vaccine so far, while approximately 43% of them were fully vaccinated.

The President is hopeful that the number of COVID-19 infections and deaths reported in the country would see a decline with the ramped-up inoculation drive.

“According to the accepted opinion of the World Health Organization (WHO), the majority of medical experts and the global standardized methodology, vaccination is the only solution for the COVID-19 pandemic.”

The President also spoke of the special efforts he had taken to import vaccines to Sri Lanka by personally contacting the Heads of State of India, China and other vaccine-manufacturing countries. “As a result of this effort, the country is now receiving a large number of required vaccine consignments monthly.”

Further, he stated that the health sector was directed to pay special attention to people aged above 60 years, who suffer from chronic illnesses and to refer them to Rapid Antigen Tests (RAT) at least once a week.

Speaking on the consequences of lockdowns, President Rajapaksa said the lowest economic growth of the country since the Independence was observed during the first wave of COVID-19 as a result of placing the country under a lockdown.

“Each time the country was placed under a lockdown due to COVID-19 risks, we spend around Rs. 30 billion in each round to provide an allowance of Rs. 5,000 to the people who have become helpless without a daily income,” he noted, adding that the government has borne this cost on a number of occasions.

In addition to the cost of quarantine centres maintained by the government, each family quarantined in their own homes is provided with a relief package worth Rs. 10,000 for two weeks, the President continued. “Even under this dire situation, the government has never taken any action to reduce the salaries or curtail the allowances of more than 1.4 million public servants.”

“This is not a time to carry out demonstrations or strikes,” the President pointed out while urging the public not to push the country towards anarchy.

Speaking on restriction of movement, President Rajapaksa requested people to prepare themselves to make necessary sacrifices if the country is forced to endure prolonged lockdowns.

Full text of President Gotabaya Rajapaksa’s special address to the nation:

The Most Venerable Maha Sangha,

Religious Leaders of other faiths,

Friends,

The accepted opinion of the World Health Organization (WHO), the majority of medical experts and according to the global standardized methodology is that the vaccination is the only solution for the COVID-19 pandemic.

That is why, I made a special commitment to bring in vaccines to Sri Lanka in the recent past. I personally spoke to the Heads of Governments in countries like China and India. I personally wrote letters to several other Heads of State. Discussions were held with vaccine producing countries through our Foreign Ministry, Ambassadors and High Commissioners. Our officials coordinated with vaccine manufacturing companies.

All these efforts were made because I wanted to vaccinate all the people of our country.

As a result of this effort, the country is now receiving a large number of vaccines that we need monthly.

Initially, we received the AstraZeneca vaccine manufactured in India.

Afterwards, we were able to get the Sinopharm vaccine manufactured in China, but the administration of the vaccine to the public was delayed for about a month due to the delay in getting the vaccine approved by the National Medicines Regulatory Authority (NMRA). Nevertheless, the Government took measures to administer Sinopharm vaccine continuously since May 8 this year. In addition, we have received the Pfizer and Moderna vaccines from the United States, the AstraZeneca vaccines from Japan, and the Sputnik vaccines from Russia, placing us among the countries that administer the highest rates of COVID-19 vaccines to its people. As at the 19th of this month, a total of 12,019,193 vaccine doses have been administered as the First Dose.

Meanwhile, fifty-one million twenty four thousand one hundred and eighty five (5,124,185) vaccines have been administered to the people as the Second Dose. In addition, we have approximately three million doses of vaccines to be given as the Second Dose. Another 3 million doses will be received later in this month. At present, about 98% of the people who are above the age of 30, have been vaccinated while 43% have been given the both doses. By August 31, more than 81% of the population will be able to receive the second dose. By 10th of September, 100% can receive both the doses.

With this development, the number of patients and the number of deaths will decrease.

The Government took steps to vaccinate all frontline health workers, persons engaged in essential services such as ports, security services, and factory workers by giving them the priority. People over the age of 60 were also vaccinated by giving them the priority. In addition, more than a million factory workers under the age of 30 were also vaccinated.

We continue to follow the restrictive measures such as imposition of inter-provincial travel restrictions across the country, isolation of Grama Niladhari Divisions, imposition of curfew, summoning only the essential public service employees to work, halting the functions like weddings, closure of certain businesses, ban on inter-provincial travel and prohibition of gatherings at places of worship.

We were able to successfully manage the first wave of the COVID-19 virus due to the actions that we took at that time. Such stern decisions had to be made at that time because there were no other options available at that time.

The country had to be placed under a complete lockdown for several months continuously. Through all these efforts, we were able to overcome the first COVID-19 wave.

Though we took measures to place the country under a lockdown occasionally, we should understand the consequences of this decision.

The lowest economic growth of the country since Independence was seen during the first wave of COVID-19 as a result of placing the country under a lockdown.

Especially, the apparel sector that brought in a revenue of about USD 5 billion to Sri Lanka was gravely affected. Their orders were stopped. Many lost their jobs. Export earnings fell.

Our tourism industry, which generated over USD 4.5 billion and provided a livelihood to over 3 million people, completely collapsed. Hundreds of thousands of jobs were lost.

The occasional lockdown of the country dealt a severe blow to the construction industry. They are not able to bring in employees they require. It is not possible to obtain the raw material at the required time. Over the past one and half years, we have lost most of the expected local and foreign investments in this sector.

Small and medium enterprises are another important sector of our local economy. The COVID-19 pandemic was a major obstacle for these businesses that contribute more than 50% of the GDP. Due to the continuous disruption of their business activities, these companies lost revenue and faced grave issues without being able to repay their loans or pay salaries.

Those who obtained leases for vehicles could not pay the installments. Housing loan borrowers could not settle the loan installments.

Addition to this, close to 4.5 million self-employed personnel and daily wage earners became helpless since they lost their sources of income completely.

Amidst all these obstacles, we also had the responsibility to keep the people alive. We did not abdicate that responsibility.

Each time the country was placed under a lockdown due to COVID-19 risks, we spend around Rs. 30 billion in each round to provide an allowance of Rs. 5,000 to the people who have become helpless without a daily income. The government has borne this cost on a number of occasions.

In addition to the cost of quarantine centres maintained by the government, each family quarantined in their own homes is provided with a relief package worth Rs. 10,000 for two weeks.

Even under this dire situation, the government has never taken any action to reduce the salaries or curtail the allowances of more than 1.4 million public servants.

Though our foreign exchange earnings dropped, we did not default on the government’s loan installments. We had to pay a colossal loan installment of about USD 4 billion a year as a result of the loans obtained by various governments in the past. All these loan installments were settled on time.

The country’s economy would be in great crisis if the country was put under another complete lockdown. It is not a situation that this country can bear. A large number of orders have been received by the apparel industry in the export sector. If we are not able to deliver these orders on time, we may lose a large amount of foreign exchange.

We are also making great efforts to rebuild the collapsed tourism industry. At the moment, nearly 200 tourists enter the country on daily basis. If we close down the country, we will have to restart attracting tourists from the very beginning.

Moreover, by having to provide relief to the daily income earners, small and medium enterprises and companies once again due to a lockdown, the country’s economy will be gravely affected. The people should understand the impact of a complete lockdown. Today, except for a few countries, most others including economically powerful ones have fully opened up.

The tourism industry in the world is gradually recovering. The countries that are open today are taking advantage of that opportunity. Our country, which has a small economy should also take advantage of this opportunity. We can’t allow the country’s economy to collapse completely by refusing to take required action.

However, I have decided to impose a lockdown from 10 pm today till 4 am on 30th Monday of this month in order to contain the increase of COVID patients.

This situation is not a rivalry or conflict between different ideologists, trade unions, doctors, other health officials and the government. We have to understand the reality. This is a serious issue that the whole world faces. Today, all the countries are adapting to the method of ‘New Normal’. As a government, we have properly taken all necessary measures that need to be taken.

Although the government does everything it can to provide oxygen, establish intermediate treatment centers and administer vaccines, it is the role of the doctors to manage patients appropriately. Also, I highly appreciate the service rendered by the doctors, nurses and all other health sector officials so far, despite the risk to their lives. I also pay my respects to the health sector officials belonging to all ranks who have sacrificed their lives.

It is clear that this is not a time for strike actions and protests. Do not attempt to destabilize the country.

Although the health sector looks at this issue from one angle, as a government we will have to manage the small economy in our country if we are to continue to pay off foreign debts, pay salaries, and provide subsidies without any interruption.

Most of the people passed away from COVID-19 virus are over the age of 60. The majority of people out of them have been suffering from chronic diseases for a long time. And, they have not been vaccinated. People with these chronic diseases should seek treatment as soon as they develop COVID-19 symptoms. Therefore, I have advised the health sector to conduct Rapid Antigen Tests at least once a week targeting the people over 60 years who are suffering from chronic diseases.

I request everyone in the country to be prepared to make more sacrifices, if the country is to be placed under a lockdown for a longer period of time in the future.

At this crucial juncture, everyone should take the country forward strategically by acknowledging the gravity of the situation.

Therefore, I respectfully request everyone to work together in unity as a team to defeat the COVID-19 pandemic.

May the triple gem bless you!

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Panic buying of petrol, diesel in Sri Lanka as money printing drives forex shortages

Energy minister Udaya Gammanpila’s appeal to motorists this week to use fuel sparingly as the petroleum utility faced a forex shortage as money was printed to keep rates down and fund state expernse has sparked panic buying.

Long queues were seen at filling stations in Colombo and elsewhere on Friday after the ministry said it had diesel stocks for 11 days and petrol for 10 days.

Soon after hearing the country’s fuel stock position announce on radio on Thursday night, motorists rushed to fill up but found fuel depots had closed earlier than usual because of the daily night curfew starting at 10 pm.

By Friday morning, queues were forming outside pumping stations in Colombo and elsewhere.

“The reality is that we are in a foreign currency crisis,” minister Gammanpila said on Twitter on Tuesday “Please use fuel economically to save foreign currency for much needed medicine & vaccines.”

Earlier too, the outspoken minister had made it clear that the government was unable to hold large buffer stocks of fuel as the Ceylon Petroleum Corporation was unable to source the dollars needed to finance it.

As motorists rushed to fill up, minister Gammanpila tried to assure that the CPC had sufficient stocks.

“NO FUEL SHORTAGE,” the minister said in capital letters on Twitter and suggested that he would be the first to admit if there was one.

“I have repeatedly stated that if there was a fuel shortage, I would have told the nation before anybody else. I have always been truthful to the people and informed in advance about the price hike. The first to announce about the foreign currency crisis.”

By noon, many shed ran out of Octane 92 petrol and ordinary diesel. At the Alexandra Place shed in Colombo, there was no Super diesel and Octane 92 petrol by noon and hundreds of motorcyclists and diesel SUVs were turned away.

When motorists who usually buy 10 litres fill their tanks to the brim, sheds will run out of supplies until the next fuel delivery truck comes.

Meanwhile, the long queues for LP gas were not seen on Friday as dealers completely ran out of filled cylinders following a run on supplies after Laugfs Gas halted their operations saying they could not sell at the government regulated rates.

The gas shortage had already led to long queues to buy kerosene oil that is used as an alternative in stoves.

President’s Secretary P. B. Jayasundara had announced earlier this month that the country should reduce petroleum consumption and move towards renewable energy to avoid fuel rationing by the end of this year.

Sri Lanka on Thursday raised its overnight policy rate at which overnight money is printed from 5.50 percent to 6.00 percent, but most of the instability and reserve losses have come from money printed through ceiling rate in Treasuries auctions.

Money is printed partly to keep rates down and partly to fund state worker salaries and other spending, after a tax cut in December 2019 decimated state finances.

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National lockdown from 10 PM today in Sri Lanka

A nationwide lockdown has been declared from 10pm tonight till 4am on Monday 30th August.

Health Minister Keheliya Rambukwella said that all essential services will function as normal.

Pharmacies and the apparel sector will also continue to operate.

“I sincerely request all #lka citizens to adhere to the law and stay home,” the Minister tweeted.

State Minister Channa Jayasumana earlier said that President Gotabaya Rajapaksa had agreed to a request from the Chief Prelates.

He said that the President will make a special statement on the matter.

Chief Prelates of the Malwathu and Asgiri Chapters had urged the President to enforce a lockdown.

The Chief Prelate of the Malwathu Chapter, the Venerable Thibbatuwawe Sri Siddhartha Sumangalabhidhana Thero and the Chief Prelate of the Asgiriya Chapter, the Venerable Warakagoda Dhammasiddhi Sri Pagnananda Thero have raised concerns over the situation in the country.

They had urged the President to follow the advise of health experts and impose a lockdown.

Meanwhile, 10 political parties affiliated with the Government had also urged the President to enforce a lockdown.

Government Ministers and members Wimal Weerawansa, Udaya Gammanpila, Vasudeva Nanayakkara and A. L. M. Athaullah are among those who have called for a lockdown.

Negombo residents engage in black flag protest over delayed Easter Sunday justice

Reports circulating on social media suggest that the Sinhala, Tamil and Muslim communities of the Negombo area are holding a joint protest over the Easter Sunday attacks.

Protesters have demanded President Gotabaya Rajapaksa to respond to the letter sent by Sri Lanka’s Catholic Church and deliver justice to the victims by revealing the mastermind behind the attacks.

Earlier, Cardinal Malcom Ranjith announced that all residences, shopping malls, workplaces, offices and vehicles of Catholics in Sri Lanka shall hoist the black flag on 21st of August 2021 in protest of the Government’s alleged attempts to suppress dissent, silence minorities and politically sabotage the process of democracy.

He also called on people of all faiths to join hands and protest against what he refers to as the undemocratic style of governance by the incumbent government.

Meanwhile, Senior Deputy Leader of All Ceylon Makkal Congress (ACMC), Noordeen Mohamed Shaheid and the Secretary General of ACMC, S.Subairdeen, announced today that the ACMC would extend its fullest support to the black flag protest on 21st of August 2021 proposed by the Arch-Bishop of Colombo, Cardinal Malcolm Ranjith.

Shahied and Subairdeen claimed that the Muslim Community stands in solidarity with the Catholic community, and stands with them in their call for justice for the Easter Attacks and against undue delay in delivering justice and politically hindering the process of investigation.