Leaders of 40 independent MPs inform Speaker of decision to sit in opposition

Leaders of the group of 40 independent Members of Parliament met with Speaker Mahinda Yapa Abeywardena to hand in their decision to sit in opposition as a separate group.

The meeting was held this morning (18).

Earlier last week, over 40 MPs decided to sit independently in Parliament following mass protests demanding the Government to step down.

The group of 41 Parliamentarians who announced their decision to remain independent will be seated separately as a group.

Leader of the Pivithuru Hela Urumaya Udaya Gammanpila said this decision will be communicated in writing to the speaker, adding that the decision was reached at the meeting between the leaders of the political parties representing those 41 MPs.

Accordingly, 13 MPs from the Sri Lanka Freedom Party, MPs from 10 other political parties that supported the government, MPs from the SLPP who announced their independent stance, and the MPs from the Ceylon Workers Congress will be seated as a group separately in the house.

Sri Lanka wants Islamabad to release financial aid offered last year

Srilanka has urged Pakistan to expedite the pending financial assistance offered by the country amid a serious economic crisis.

The proposed financial facilities include grant assistance of Pakistan Rs 5.2 crore for sports, a credit line of $10 million for procurement of defense equipment, a new defense credit facility worth $50 million and a credit line of $200 million for procurement of mutually agreed items.

The proposal was made by Pakistan in February 2021 during the two-day official visit of former Pakistan prime minister Imran Khan and former foreign minister Shah Mahmood Qureshi to Colombo.

Sri Lanka is battling a severe economic crisis with food and fuel scarcity affecting a large number of the people in the island nation resulting in massive protests over the government’s handling of the situation.

The economy has been in a free-fall since the onset of the Covid-19 pandemic, affecting tourism.

Sri Lanka is also facing a foreign exchange shortage, which has affected its capacity to import food and fuel.

The shortage of essential goods forced Sri Lanka to seek assistance from friendly countries.

The economic situation has led to huge protests with demands for the resignation of prime minister Mahinda Rajapaksa and President Gotabaya Rajapaksa.

Star (Source)

Posted in Uncategorized

Sri Lanka appointed new 17-member Cabinet

Sri Lanka has appointed a new 17-member Cabinet of Minister of Monday (18).

1. Dinesh Gunawardena – Public Administration, Internal Affairs, Provincial Councils & Local Government.

2. Douglas Devananda – Fisheries

3. Dr. Ramesh Pathirana – Education and Plantation Industries

4. Prasanna Ranatunga – Public Security & Tourism

5. Dilum Amunugama – Transport & Industries

6. Kanaka Herath – Highways

7. Vidura Wickramanayake – Labour

8. Janaka Wakkumbura – Agriculture & Irrigation

9. Shehan Semasinghe – Trade & Samurdhi Development

10. Mohan Priyadarshana De Silva – Water Supply

11. Wimalaweera Dissanayake – Wildlife & Forest Resources Conservation

12. Kanchana Wijesekera – Power & Energy

13. Thenuka Vidanagamage -Sports and Youth Affairs

14. Dr. Nalaka Godahewa – Media

15. Professor Channa Jayasumana – Health

16. Naseer Ahamed – Environment

17. Pramitha Bandara Tennakoon – Ports and Shipping

Posted in Uncategorized

Sri Lanka’s true inflation at 74% in April according to Professor Steve Hanke

Sri Lanka’s headline inflation measured by Hanke’s Annual Inflation Index hit a staggering 74 percent in the year through April 15, 2022 as prices from energy to staples to discretionary items received a jolt last month from the botched rupee float.

Prof. Steve Hanke, an Economist at John Hopkins, a private research university in Baltimore, Maryland in the United States, measures the inflation in countries with currency troubles, taking the true underlying factors such as the opportunity cost and other associated costs one has to undergo when a good or service is purchased.

Hanke’s inflation is more than thrice the official headline inflation of 18.7 percent measured by the Colombo Consumer Price Index for March.

The Central Bank on April 8 forecasted the official inflation at 28 percent in the next three months as Sri Lanka has entered into an era of runaway prices due to global commodities prices boom, Russia & Ukraine crisis and the float of the rupee on March 7 which caused the currency to lose more than 60 percent of its value in a month.

However, some economists disagree with Hanke’s index of inflation as it is based on the idea of what is known as purchasing power parity, a concept, which measures the ability of a person who earns in rupees to buy stuff versus a one who earns in dollars.

Hence, it incorporates the loss of one’s ability to purchase something into the increase in the official index of inflation measured using the changes in the prices of basket of goods and services. Therefore, those who disagree with his index of inflation say that it is misleading as Sri Lankans deal in rupees and not in dollars. However, Hanke, a neo-classical economist is widely known as a proponent of what is called as currency boards in place of central banks, which will effectively cap the amount of money printing to the amount of foreign currency reserves one has. Hence his galloping inflation index makes a stronger case for a currency board, as he believes money is the only determinant, which causes inflation. Therefore, those who oppose Hanke’s inflation say his index driven inflation must be looked at in that context to push through his idea of installing a currency board in Sri Lanka. But, economists and analysts are vastly divided over the concept of currency boards as Sri Lanka doesn’t have adequate foreign currency reserves at present nor it allows the Central Bank to support its own banking system for liquidity and the economy when it wants to accelerate growth.

Posted in Uncategorized

Sri Lanka seeks bridging finance from India till IMF bailout

While India plays a prominent role in helping its neighbour Sri Lanka come out of a deep economic crisis, it was learnt from reliable sources that Colombo has asked New Delhi to provide bridging finance for the crisis-ridden country till the International Monetary Fund (IMF) provides adequate funds, which may take another three to four months.

Notably, this comes after Finance Minister Nirmala Sitharaman held several rounds of discussions with her Lankan counterpart and High Commissioner. Sri Lanka, sources added, has also asked India to use its influence on friendly countries like Japan to help Colombo with a line of credit and also reach out to multilateral organisations for assisting the island nation. A source familiar with the development said that the Indian Finance Minister was positive about this proposal and is expected to reach out to other friendly countries to mobilise assistance for the economic crisis-affected Sri Lanka. Meanwhile, Sri Lankan Finance Minister Ali Sabry is expected to meet Sitharaman in Washington DC in the coming week, according to sources. In the shape of the line-of-credit for food, fuel, medicine, currency swap and deferment of payment at the Asian Clearing Union, India has already provided assistance to the tune of USD 2.4 Billion to Sri Lanka. However, for the next four months, till the IMF deal is worked out, the island nation will be needing much bigger financial backing for imports. Technical talks are also taking place between members of the Sri Lankan Presidential Advisory Group on Multilateral Engagement and Debt, with India’s Chief Economic Advisor V Anantha Nageswaran. Sri Lanka will begin talks with the IMF on Monday and the process is likely to take around four months to operationalise. Thus, Colombo is looking for bridging finance for this period from India and other countries. Sources familiar with the developments said India is the first and only country that is coming forward to bring Sri Lanka out of its financial mess, and Colombo sees it as a new chapter in the bilateral relationship with New Delhi. Sri Lanka sees this as long term, beyond crisis, and hopes to play a prominent role in India’s energy aspirations for the future, they said. India’s southern neighbour Sri Lanka is battling a severe economic crisis with food and fuel scarcity affecting a large number of its people, resulting in massive protests over the government’s handling of the situation. The country’s economy has been in a free-fall since the onset of the Covid pandemic following the crash of the tourism sector.

ANI (Source)

Posted in Uncategorized

Bandula, Dullas and Thondaman also refuse Cabinet posts

Former Minister of Mass Media Dullas Alahapperuma says he will not accept a position in the new Cabinet of Ministers.

In a twitter message posted today, the SLPP parliamentarian said he believes that a government consisting of all the political parties represented in Parliament will be the best option at this critical juncture.

Alahapperuma also extended his best wishes to the soon to be appointed “youth-heavy” new cabinet.

“I stand by my decision (made on 3rd April) not to accept a cabinet position. I believe a government consisting all parties in Parliament will be the best option at this critical juncture. History bears witness to it. Wish my best to soon to be appointed youth heavy new cabinet,” the tweet said.

Meanwhile former Trade Minister Bandula Gunawardena also says that he will not accept a ministerial post in a future government.

The SLPP MP said that he met President Gotabaya Rajapaksa on the 15th of April and submitted in writing a lengthy explanation of the situation in the country and a series of measures to be taken to alleviate the problems of the country’s economy and living standards.

Gunawardena said he further requested that a new Cabinet of Ministers consisting of no less than 15 young, educated, efficient ministers be appointed as the previous Cabinet has already resigned.

Accordingly, at a meeting of former Cabinet Ministers held yesterday, a group of former Ministers also agreed to my proposal and pledged that they would not take over the posts of the new Cabinet and would continue to support the Government’s program, he said.

In addition to this, the General Secretary of the Ceylon Workers’ Congress (CWC) and former State Minister of Estate Housing & Community Infrastructure, Jeevan Thondaman says that he too will not be taking up any Cabinet ministry.

He stated that upon his resignation as a state minister, he had communicated to the ruling party that he will not be taking up any portfolio “till solutions are provided and changes are made”.

In a twitter message, he said the CWC had decided, “for now”, to abstain from voting on the motion of no confidence to be brought forth by the opposition.

“The reasoning behind the decision was that we have not been intimated by the Opposition as to what their road map is and if in case no party/coalition can show simple majority then the question arises on how to proceed,” he said.

He added: “The CWC is not the only party as there are other parties that share the similar view and are seeking answers from the opposition. I do understand that as a long standing organisation, the CWC does have a principle of neutrality but I, personally, believe that circumstances must be taken into account and a collective and sensible decision is necessary which is why we have called for a party meeting where all views will be shared, discussed and, hopefully, the right decision is taken.”

“However, it is also my responsibility to deny the claims of, me, taking a cabinet ministry as I have communicated, upon my resignation as a state minister, to the Ruling Party that I will not be taking up any portfolio till solutions are provided and changes are made.”

Posted in Uncategorized

Opposition disunity and foreign aid may help the Rajapaksas stay afloat By P.K.Balachandan

The Rajapaksa regime in Sri Lanka, extremely hard-pressed though it economically and politically, might still survive thanks to disunity among the Opposition parties and the massive infusion of financial and material aid to the country from abroad. The fact that the politically savvy Prime Minister Mahinda Rajapaksa has come out of his shell and is fronting for the reclusive and apolitical President Gotabaya Rajapaksa, is also expected to buttress the government.

There are essentially six critical factors working in favor of the regime. The first factor is the Rajapaksas’ firm resolve to stay put in power so long as they have the backing of the constitution and the law. Their resolve is a major challenge to the Opposition which is chronically divided. President Gotabaya Rajapaksa has categorically told his detractors that he will not resign because he still has the mandate secured in the last elections and that he will not accept any corrective mechanism outside the framework of the constitution. This stance is fully backed by his elder brother, Prime Minister and political heavy weight, Mahinda Rajapaksa. The firmness of the Rajapaksas’ means that the Opposition will have to marshal all its resources and put the brothers on the mat if it is to dislodge them. But it appears that it is incapable of doing so.

The second factor is opposition disunity. Although after the defection of 42 MPs from the ruling coalition, the government had only one more than the required number to stay in power, it has survived because the opposition has multiple and clashing aims and is also lacking a single leader. In an act of bravado, the Janatha Vimukthi Peramuna-led National People’s Power (NPP) rejected the President’s call to parties in parliament to accept cabinet portfolios in an all-party interim government. The JVP and NPP leader Anura Kumara Dissanayake said President Rajapaksa could not make such a suggestion when the people were demanding his exit at once and with one voice. The NPP/JVP MP, Vijitha Herath, said that the President should be “impeached”, which is a very complicated process.

MPs of the breakaway group of the ruling Sri Lanka Podujana Peramuna (SLPP), the Sri Lanka Freedom Party (SLPP) and the 11-party alliance, jointly wrote to the President asking him to appoint an all-party government, and also a “National Executive Council” functioning above the cabinet. They also demanded a repeal of the 20 th.Amendment, which gives the President gargantuan powers; and the re-enactment of the 19 th.Amendment which had given more powers to parliament. The main opposition party, Samagi Jana Balawegaya (SJB), started collecting signatures for a Motion of No Confidence against the government. The Tamil National Alliance demanded the abolition of the Executive Presidency. But the Tamil Progressive Alliance (TPA) said that this demand was too ambitious and opted for the restoration of the 19 th.Amendment instead. The United National Party (UNP) leader Ranil Wickremesinghe asked the President to resign making way for him to become a caretaker President till the next election.

The opposition parties were also divided on the question of seeking IMF help to resolve the economic crisis. The Lanka Sama Samaj Party (LSSP) and the JVP/NPP are against going to the IMF, while the SJB and the United National Party (UNP) were for it.

The third factor is the inability of the Leader of the Opposition, Sajith Permadasa, to reconcile these different demands. He is unable to present one list of demands and press the government to accept them making use of the government’s wafer thin majority in parliament. The opposition is amorphous and leaderless.

The fourth factor in favor of the government is the assumption of leadership by Prime Minister Mahinda Rajapaksa, a past master in politics. He is filling the void created by Gotabaya Rajapaksa who has gone into a shell. Disregarding his poor health, Mahinda Rajapaksa left the backseat he had been occupying since 2019 end to engage with politicians and state the government’s case to the public. It was Mahinda Rajapaksa and not Gotabaya Rajapaksa who delivered an address to the nation over TV. In that, he showed empathy for the suffering public. But he also stated that the opposition had spurned his offer of positions in the government to jointly solve the country’s problems. He then justified the government’s decision to dig in and do its best to solve the problems on its own as mandated in the last elections.

The fifth factor is the amorphousness of the demonstrating citizens’ group demanding the President’s resignation. The demonstrators are basically apolitical middle and upper class youth. For them, protest is a part time activity. It is also a floating population, lacking an organizational structure and leadership. Prime Minister Mahinda Rajapaksa has cleverly offered to talk to them, knowing full well that they are not in a position to talk with one voice, except to keep chanting “Gota Go Home”.

The sixth and the most critical factor is the help that the international community is giving to enable Sri Lanka to come out of the economic woods. Indian aid of US$ 2.5 billion to buy essential fuel, food and medicines, has been arriving, to the great relief of the government as well as the masses. India will help with ‘bridge financing’ to enable Sri Lanka before it gets the IMF facility.

China too has promised US$ 2.5 billion in loans and buyer’s credit. The modalities for the disbursal of these funds are being worked out. Both India and China have enormous geostrategic and economic stakes in Sri Lanka and political stability is a necessary condition for those interests to be realized.

The US is at a remove as compared to India and China, but it is vitally interested in roping Sri Lanka into the anti-China, Indo-Pacific grouping. To achieve this, Washington will need a friendly and stable government in Colombo. Washington has clout in the IMF and the World Bank, which Sri Lanka has decided to approach for funds. It is expected that the US will help Sri Lanka in this regard. The encouraging part is that the Rajapaksa government has shed its reserve about approaching the IMF and will be sending a team of distinguished neo-liberal economists to negotiate with international funding institutions. President Gotabaya Rajapaksa has also spoken to other countries like Japan and South Korea and these have promised help.

With the onset of seasonal rains, hydro-electric power generation is expected to increase giving relief from long-duration power cuts. On the agricultural front, the Prime Minister has withdrawn the policy of disallowing chemical fertilizers and has revived the fertilizer subsidy to infuse life into the dying agricultural sector.

With the government indicating its determination to stay put and the international community inclined to help the incumbent government, some of those who left it are believed to be thinking of trekking back. SLFP MP Shantha Bandara is already back and is a State Minister now. And fellow partyman, Ranjth Siyambalapitiya, has also come back as Deputy Speaker. More MPs are likely to come back to the Rajapaksa fold. It is therefore likely that the government of the Rajapaksas will stay put to steer the ship of State through the troubled economic waters.

Posted in Uncategorized

Protesters project “Go home Gota” on President’s office building, Police attempt to block

The President’s office in Colombo on the Galle Face stretch is considered to be the most powerful building in the city.

However, for over a week ordinary Sri Lankans with zero political backing have camped outside the President’s Office demanding the resignation of President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa, and the entire Government.

Protestors are camped at what is now called GotaGoGama, formerly the agitation site for protest and are protesting at the gates of the President’s Office 24 hours of the day.

In recent days, thousands of Sri Lankans have taken to the streets to demand the resignation of President Gotabaya Rajapaksa.

Sri Lanka is facing its worst economic crisis since gaining independence from Britain in 1948 with food shortages, soaring prices and power cuts.

On Sunday (17) night, tech savvy protestors decided to take over the President’s Office walls using video projector mapping.

Head-turning projection mapping has become commonplace at events like music festivals, product launches or shows, but that doesn’t make the spectacle any less mind-blowing. Projecting video onto surfaces such as buildings, to create the illusion of 3D art, used to be a fledgling art form but it has grown into a phenomenon.

Unlike flat projection, video projection mapping turns any object into a screen – such as a building – and project onto its walls without any distortion. Often site-specific, the best projection mapping projects succeed by enhancing rather than effacing the architecture they’re beamed onto, this time it was the President’s Office.

NPP begin ‘Pannamu’ protest towards Galle Face

The protest march organised by the National People’s Power under the theme ‘Pannamu’ commenced in Beruwala this morning.

The march has been organised in support of the demonstration at Galle Face demanding the resignation of President Gotabaya Rajapaksa.

The NPP will march from Beruwala to Wadduwa today and from Wadduwa to Moratuwa tomorrow.

The group will continue its protest march from Moratuwa to Galle Face and join the demonstration at the Agitation Site opposite the Presidential Secretariat on Tuesday.

Speaking to media, Leader of the NPP MP Anura Kumara Dissanayake said they are at the forefront of the protests organised against the President and the country.

MP Dissanayake noted that although the country’s assets have depleted and the government is struggling to repay debt, wealth of those ruling the country has not reduced.

He said there are several properties and assets worth millions of rupees in Uganda, Dubai, Malawana, Matara, Los Angeles and Seychelles linked to the country’s rulers.

MP Anura Kumara Dissanayake stressed that the general public is aware that all rulers of the country robbed the country while also protecting those misappropriating public funds.

He said some are living a lavish lifestyle after robbing state assets.

MP Dissanayake claimed now another group is attempting to come to power to rob the country.

He said all properties that are linked to the country’s rulers in Uganda, Malawana, Matara, Los Angeles and Seychelles should be seized.

The NPP leader noted that only a group that is not linked to corruption can protect the country’s assets and seized assets of those who rob the country.

He said therefore they are the only group that is capable of fulfilling the needs of the people.

Leader of the NPP MP Anura Kumara Dissanayake said a country cannot be stable when the government is unable to repay the debt, import fuel, vehicles are queuing up at filling stations and when power plants and refineries are shut.

He said therefore the time is apt to stand against the current rulers.

Gota Go Village listed on google maps

Gota Go Village has been listed on google maps, showing the direction for motorists trying to reach the location.

The village has been listed as a bus stop in Colombo and directs motorists to the place where the protest against President Gotabaya Rajapaksa is currently underway.

The village has a 5 star rating and over 550 reviews as of 17th April.

The #GoHomeGota protest was launched opposite the Presidential Secretariat on 9th April.

The protesters began to stay at Galle Face since 9th April with tents and portable toilets also being installed.

The protest was launched over the President’s failure to prevent the economic crisis which has affected Sri Lanka.

He and Prime Minister Mahinda Rajapaksa have also been accused of corruption by the protesters.

The protest was named Occupy Galle Face and the site of the protest was named Gota Go Gama.

Religious leaders have also extended their support to the protest and held religious observances at the site.

The traditional Sinhala and Tamil New Year was also celebrated at the site of the protest.

Posted in Uncategorized