No nominations for Sri Lanka Podujana Peramuna “betrayers”: gen secy

Former ruling party Sri Lanka Podujana Peramuna (SLPP) will not appoint any of its recent dissenters to high positions in the party, nor will they receive nominations for the November 2024 parliamentary election, according to an official.

SLPP general secretary Sagara Kariyawasam told reporters on Monday September 30 that the party has decided to contest the election under its own lotus bud symbol in every district.

“We have decided to contest in every district in Sri Lanka under the lotus symbol and to emerge strong and face this election with a strong team and win,” he said.

“We stand firmly by the decision we took as a party. No one who betrayed the party will be appointed to high office in the party, nor will they receive nominations for the election,” he added.

A recent voting intent poll by the Institute for Health Policy (IHP) found that there was substantially more support for the SLPP and then President Ranil Wickremesinghe’s United National Party (UNP) in August than there was for either party’s presidential candidate.

(IHP)’s Sri Lanka Opinion Tracker Survey (SLOTS) polling director Dr Ravi Rannan-Eliya was quoted as saying in a statement from the institute that its parliamentary election voting intent survey has revealed “substantially more support for the SLPP in a general election than for their presidential candidate, and similarly more support for Wickremesinghe’s presidential candidacy than for the UNP”.

“It would be unwise to write off the SLPP as a political force, since many SLPP voters appeared in August to be switching their presidential vote to Ranil Wickremesinghe. Of course, they could also do this using their second preference votes, which suggests limited voter understanding of that option,” he said.

IHP’s voting intent poll for August showed that Sri Lanka’s main opposition Samagi Jana Balawegaya (SJB) and the leftist National People’s Power (NPP) were almost tied though both parties saw a drop compared to July.

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Luxury on Wheels: Porsche Cayenne S Given to Ex-Presidential Advisor

Sri Lanka’s Government has allocated a Porsche Cayenne S to a Former Presidential Advisor, according to a document released by the President’s Media Division (PMD).

The document also reveals that the Secretary to the former President received a Mercedes Benz 300, while the former President’s Chief of Staff was given a Land Cruiser V8.

The PMD issued a statement on Monday, clarifying the situation regarding the vehicles parked near the President’s Office in Colombo.

Following the election of the new President, over 100 vehicles were returned to the President’s Office within days.

Due to insufficient parking space, 107 of these vehicles were temporarily parked outside the premises under police protection.

The PMD emphasized that these vehicles were previously allocated to the former President’s personal staff under Section 41 (1) of the Constitution and were not assigned to the permanent staff at the President’s Office. The vehicles were parked outside not to showcase a fleet but due to the lack of adequate parking facilities.

Furthermore, the PMD stated that, as per the President’s directives, all these vehicles will be reassigned to essential services. A detailed list of the vehicles has also been released by the PMD.

SL evaluates offers for Trinco Oil Tank Farm

The Government is currently evaluating offers submitted by several prospective investors for the joint development of the Trincomalee Oil Tank Farm in partnership with Trinco Petroleum Terminal Ltd. (TPTL), it is learnt.

Speaking to The Sunday Morning Business, Lanka IOC PLC (LIOC) Managing Director Dipak Das revealed that the Government had carried out an Expression of Interest (EOI) process in order to identify a suitable strategic investor for the joint development of the 61 oil tanks of the Trincomalee Oil Tank Farm held by TPTL.

TPTL is a joint venture between LIOC and the Ceylon Petroleum Corporation (CPC).

He stated: “That process has already been carried out. They have already published an advertisement calling for investors and the process has been concluded.”

Commenting further, Das stated that they had received several offers from prospective investors and that these offers were currently being evaluated by a committee appointed by the Government, since TPTL was a Government entity with a majority stake owned by the CPC.

However, he declined to comment on the number of offers received for the joint development of the Trincomalee Oil Tank Farm.

He further stated that the commercial strategy of TPTL in utilising the oil tank farm would be determined by the new Government. Accordingly, he revealed that Request for Proposal (RFP) documents would be issued to prospective investors only after discussions were carried out with the Government on how TPTL would function.

The Trincomalee Oil Tank Complex Development Project was approved by the Cabinet of Ministers on 4 January 2022. Accordingly, it was decided that 24 of the 99 tanks would be given to the CPC, 14 tanks to LIOC, and 61 tanks to TPTL – the latter on a 50-year lease – with the CPC having the majority stake in the subsidiary.

Consequently, LIOC and the CPC entered into an agreement on 6 January 2022 for the development of the 61 tanks held by TPTL as a joint venture. The CPC holds a 51% stake in the company while LIOC holds a 49% stake.

The Trincomalee Oil Tank Farm, built by the British as a refuelling station during World War II, is located on 850 acres and originally contained 101 tanks, each with the capacity to hold 12,100 MT of oil.

Out of the original 101 tanks, two were destroyed in a kamikaze attack during a Japanese air raid on Trincomalee on 9 April 1942 and when a Royal Ceylon Air Force plane crashed in the early 1960s.

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One Million Postal Voting Applications Printed

The Government Printing Department has announced the completion of the printing of postal voting applications for the upcoming Parliamentary Elections.

According to the Government Printer, Ganga Kalpani Liyanage, a total of one million postal voting applications have been printed.

A portion of these completed applications was handed over to the Election Commission yesterday, with the remaining set to be delivered today.

Ganga Kalpani Liyanage also stated that all printing activities related to the Parliamentary Elections, including ballot papers and official polling cards, will be completed a week before the elections, scheduled for November 14th.

The remaining printing tasks will commence after the nomination period, which starts on October 4th and ends at noon on October 11th, as per a special gazette notification.

The Parliamentary Elections will be conducted based on the 2024 voter registry. The newly elected Parliament is expected to convene on November 21st.

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SL requests four-month stay of proceedings of case filed by Hamilton Reserve Bank

Sri Lanka has requested a four-month stay of proceedings in the ongoing case with Hamilton Reserve Bank Ltd. in the United States District Court for the Southern District of New York.

The request aims to provide the necessary time to finalise legal documentation and fully implement the restructuring agreements, including negotiating the terms of new securities to be issued in the exchange offer.

Clifford Chance US LLP, on behalf of the Sri Lankan Government, stated that Sri Lanka reached an agreement on 19 September following extensive negotiations involving both international and domestic stakeholders.

SL requests…

Sri Lanka and an ad hoc committee of international bondholders have agreed in principle on the core financial terms for restructuring the nation’s substantial sovereign debt. This agreement also involves Sri Lanka’s local bondholders and marks a critical step towards resolving the country’s financial crisis.

The debt restructuring process, which has been ongoing for over a year, has received significant input from the International Monetary Fund (IMF) and the Official Creditor Committee (OCC). According to the letter, Sri Lanka has received informal confirmation from IMF staff that the terms of the agreement align with the parameters set by the IMF-supported program. The Government is also expecting formal confirmation soon from both the IMF and the OCC that the restructuring plan meets international standards, particularly the comparability of treatment principle.

The next phase of the debt restructuring process will involve an exchange offer and consent solicitation, expected to launch within the next eight weeks. This timeline is based on precedents from other countries that have undergone sovereign debt restructuring. For instance, Ghana, Suriname, and Zambia saw similar processes take between 50 to 174 days from the agreement in principle to the launch of the exchange offer.

The restructuring plan is critical to Sri Lanka’s broader efforts to regain financial stability and restore investor confidence, which has been significantly impacted by the country’s severe economic crisis. The agreement with bondholders is seen as a positive step towards normalising financial conditions and unlocking further international financial assistance.

However, this crucial development comes at a time of political transition in Sri Lanka. Outgoing President Ranil Wickremesinghe, who played a pivotal role in initiating Sri Lanka’s engagement with the IMF and led the Government through one of the most severe economic crises in the country’s history, is preparing to hand over power to newly elected President Anura Kumara Dissanayake.

Despite facing widespread criticism, Wickremesinghe’s administration managed to lay the groundwork for key reforms, including initiating the debt restructuring process. His leadership saw Sri Lanka secure a critical IMF bailout in 2023, which helped stabilise the rapidly depleting foreign reserves and begin the process of rebuilding investor confidence. The agreement reached with international bondholders marks one of Wickremesinghe’s final acts as President, symbolising his Government’s efforts to steer the nation out of an economic abyss.

In light of these developments – while the road to recovery for Sri Lanka remains challenging – this agreement marks a critical milestone in the nation’s efforts to restore financial stability. As President Anura Kumara Dissanayake takes the reins, the next few months will be pivotal in determining whether Sri Lanka can fully emerge from this crisis. His administration must ensure that the restructuring plan is implemented effectively, while also addressing the socioeconomic needs of the population.

NPP Govt. abandons plan to privatize SriLankan Airlines

The National People’s Power (NPP) government led by President Anura Kumara Dissanayake is to abandon initial plans by the previous rule to sell off or divest the cash-strapped SriLankan Airlines, an official said.

The previous government initially planned the sale process of the national carrier through the State-Owned Enterprises Restructuring Unit . After that the former Cabinet said it abandoned the sale process and decided to look at an alternate model to divest the airline.

However, the Chairman of the NPP Economic Council Prof. Anil Jayantha said the government believes that the national career should remain with the state given its significance for the development of tourism. He said the airline would not be sold off or divested as a result.

He said a new model for the improvement of its management would be considered instead.

The previous Cabinet agreed to take over debts of US $ 510 million debts of the national carrier in a move to attract a private investor. It originally decided to sell at least 51 per cent of the state-owned carrier.

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Jaishankar to visit SL for talks with President AKD

Indian External Affairs Minister S. Jaishankar is scheduled to visit Sri Lanka next Friday (October 4) for high-level talks with the newly elected President Anura Kumara Dissanayake.

The visit, set to last one day, comes as a significant step in solidifying diplomatic ties between the two countries, with several important Indian projects on the agenda.

Traditionally, newly elected Sri Lankan presidents make their first official visit to New Delhi; however, this meeting will mark a shift, with Dr. Jaishankar visiting Colombo instead.

The Indian minister previously met Dissanayake in New Delhi before the elections, indicating strong bilateral discussions ahead.

During his visit, Jaishankar is expected to discuss ongoing and future Indian projects in Sri Lanka, as well as regional cooperation.

The two leaders are also likely to address issues of strategic importance, including maritime security and economic collaboration.

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LG election soon after parliamentary polls

The postponed local government election will take place soon after the parliamentary polls are held, said director general of the Election Commission Saman Sri Ratnayake.

The Supreme Court has ordered the commission to hold the LG election without causing disruptions to other elections.

Deshaya.lk reports the LG election is likely to take place early next year.

IMF delegation to visit Sri Lanka for talks with new Government

A delegation from the International Monetary Fund (IMF) is to visit Sri Lanka this week for talks with the new Government.

The delegation is expected in Colombo on Wednesday, 2nd October for crucial talks with the Government of President Anura Kumara Dissanayake.

The IMF said last week that it is looking to strengthen its relationship with Sri lanka under the leadership of President Anura Kumara Dissanayake.

The Managing Director of the IMF, Mrs. Kristalina Georgieva, extended her congratulations to Anura Kumara Dissanayake on his election as the new President of Sri Lanka.

In her special message, Mrs. Georgieva reaffirmed the IMF’s commitment to remaining a strong partner to Sri Lanka and expressed her hope to further strengthen the mutually beneficial relationship between the two parties.

Additionally, Mrs. Georgieva assured President Dissanayake of the IMF’s full support in helping Sri Lanka achieve its development and reform goals.

Meanwhile, President Anura Kumara Dissanayake had said that he will resume talks with the IMF.

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President Anura Kumara Dissanayake’s Historic Win and his Promising Start by Rajan Philips

It is no exaggeration to say that no previous Sri Lankan political leader has achieved what Anura Kumara Dissanayake accomplished this week. His leap from 418,553 (3.16%) in 2019 to 5,634,915 (42.31%) and victory in 2024 – a 14-fold jump in five years – is in itself unprecedented, not only in Sri Lanka but likely also elsewhere. More importantly AKD did what he did without the proverbial political spoon in his mouth. Up till now everyone who achieved high political office in this country had a feudal head start and/or got an early seat on the political party train that was always on a track to the station of power. Those tracks are still there, but the old trains have been cannibalized through the corruption and nepotism of their operators.

The long and short view

In my view, there are two sequential aspects to AKD’s historic win – one immediate and the other long term. In the more immediate sense, it certainly helped AKD that the last person to win a presidential election before him arrived with a political foot in his mouth. The voting story of this election is that with the implosion of the Rajapaksas following the disaster of the Gotabaya Rajapaksa presidency, the contest became a race between three candidates – AKD, SP and RW – for the 6.9 million votes that Gotabaya Rajapaksa polled in 2019. AKD beat the other two hands down.

The overnight conventional wisdom is that AKD benefited from the vote split between SP and RW, and that if one of them had given way to other AKD would not have won the election. The vote tallies and distributions between 2019 and 2024 do not quite support this assessment. On the contrary, the distribution of votes seem to show that in a two person race against either SP or RW, AKD would have polled over six million votes and still won the election.

In the longer historical view, as opposed to the immediate post-Gota context, I would argue that AKD’s historic success is a testament to the resilient possibilities of Sri Lanka’s political system and culture, and it gives the lie to the hyped up narrative that the country has been an unmitigated basket of failures for all the 76 years after becoming independent in 1948. That nothing good ever happened in 76 years. This is an obvious exaggeration, if not a patent falsehood.

While this narrative was a part of the NPP’s campaign and could at least partly be justified as normal election rhetoric, some of the commentating fellow travellers of the NPP took the narrative to absurd limits and flew in the face of the same history that some of them learnt and even taught in our schools and universities.

Put another way, AKD’s victory is proof that things can work in Sri Lanka, and that nearly a century of state welfarism and the progressive political ethos that sustains it have enabled vast cross-sections of the Sri Lankan society to improve their living conditions and life prospects, and to inspire committed individuals like Anura Kumara Dissanayake to emerge as leaders and succeed in democratic politics at the highest level.

Nor should there be any denying that all of Sri Lanka’s progressive ethos is the main achievement of the country’s left movement from the 1930s, the same movement that schismatically gave birth to the now victorious NPP’s own progenitor, the JVP, among so many others along the way. All of this is not to diminish AKD’s impressive achievement, but to applaud it.

No one on the left has come anywhere near to achieving political power that Anura Kumara Dissanayake has now achieved. On the one hand, those who took the parliamentary path to achieving socialism did so in spite of their sharing the same social advantages with many on the political right. On the other hand, those who spurned the parliamentary path as a bourgeois dead end, made no headway in spite of pursuing a violent route that only brought more grief and not much good.

To the credit of Anura Kumara Dissanayake, he has demonstrated that the left can contest and win an election without the old vehicle of the united front or the new bandwagon of a multi-party alliance. And more remarkably, he has demonstrated that it is possible to succeed within the democratic electoral process, and that turning to violence is not necessary for achieving political ends.

Promising First Steps

All the same, achieving electoral victory is only the start of the political journey and not the end of it. Especially when political goals are inspired by the common good and not driven by private or familial gain. Making private gains and promoting family interests through political means is easily achieved and in short order. Pursuing the common good, both substantive (as in resurrecting the economy) and procedural (as in reforming the constitution), on the other hand, involves a long and grinding journey that requires a team of equals and friendly rivals, but all having the discipline, dedication, and the necessary skills.

In electoral politics, the first steps after victory go a long way in showing the sincerity, the commitment, and the ability of the winner and the winning party to follow the people’s mandate, honour their trust, and deliver on the electoral promises. So far, as the newly minted President, Anura Kumara Dissanayaka has been making all the right moves and avoiding obvious mis-steps. His decisions are good outcomes forced by the virtue of necessity, on the one hand, and constrained by his own commitments, on the other. His first steps are both laudable and promising.

With himself as President and only two MPs in parliament, the only way President Dissanayake could have convened the now dissolved parliament would have been through deals with one or two parties and their MPs in parliament. Such deals would invariably have involved cabinet positions, governor positions, diplomatic postings and keeping the current parliament on extended life support. The same old quagmire that Sri Lankan politics has been wallowing in for the last 30 years. The quagmire that Ranil Wickremesinghe would not free himself from, in any of his three incarnations this century – as peace prime minister, yahapalanaya prime minister, and economic rescue president.

President Dissanayake has made it look so easy. He dissolved parliament immediately, as he had promised to do before the election; and has scheduled parliamentary elections for November 14, and the convening of the new parliament for November 21. After two years of delays and dilly dallying by Ranil Wickremesinghe, and all the planetary explorations for years before that by the Rajapaksas, President Dissanayake has ensured that Sri Lanka will be having both a new president and a new parliament in a span of two months.

For the intervening caretaker period, he has struck a cabinet of three and neatly divided the portfolios between himself as President, Harini Amarasuriya as Prime Minister, and veteran parliamentarian Vijitha Herath. All born in and after 1968, they are a breath of fresh air for a polity that has been overburdened by old men for an overly long time. Sri Lanka not only has the smallest cabinet ever, but also for the first time a cabinet without family or extended and extensible family members – with the possible exception, perhaps, of the cabinet of SWRD Bandaranaike.

The President’s focus rightly seems to be on the economic front, as it should be, and he is showing a steady hand and readiness for consultations as he takes initiatives to navigate the country through its continuing economic crisis. Minister Vijitha Herath, whose list of portfolios includes Public Security, appears to be finally bringing some reprieve to the vexed Visa question, which Tiran Alles turned had into a global skullduggery and which Ranil Wickremesinghe handsomely ignored while lecturing everyone on how to run a country.

For her part, Prime Minister Harini Amarasuriya has reportedly issued a directive advising schools not to invite politicians to school functions. A charming piece of educational initiative that would have served the country very well had it been in place from the time CWW Kannangara introduced the free education system.

Most of all, for the first time in 47 years, Sri Lankan voters have the opportunity to have a clean slate of new parliamentarians in the November parliamentary election. The NPP will assuredly field a slate of new candidates who have never been in parliament. Hopefully, their list will include candidates with a range of educational qualifications and life experiences, and will scrupulously exclude family members and individuals with a criminal record. At the minimum, the NPP’s list should put the onus on the other parties to prune their own lists and get rid of all the deadwood and rotten mangoes that have been in out of parliament from as far back as 1970.

Based on the presidential election results, the NPP has more than a fair chance of forming a majority government. Of the 160 polling divisions in 22 districts, the NPP (AKD) won 106 and SJB (SP) 48, with six in the Jaffna District won by the Common Tamil Candidate. The NPP vote is likely to stay steady and grow, while the SJB votes will revert back to their respective political parties for the parliamentary election. This would be more so in the seven districts where Sajith Premadasa came first, five of which are in the north and east and the other two are Badulla and Nuwara Eliya. Also 28 of the 48 polling districts where Sajith Premadasa came first are in these seven districts.

The dynamic of the elections and the top of mind issues for the voters will likely be different in the parliamentary election from the presidential election. The voter turnout in the presidential election dropped by 5% nationally from 84% in 2019 to 79% in 2024, and the turnout was lower in each district as well. Whether the campaign for the parliamentary election will energize more voters to turn out in November remains to be seen. What seems to be clear is that energy and enthusiasm are now mostly with the NPP.