This article explores the intricate relationship between political and government corruption and its detrimental impact on a country’s economic health. It delves into the complexities of fiscal deficit, parallel economy, and underground economy, collectively contributing to economic failure. By shedding light on how corruption infiltrates various sectors, affecting everything from external debt interest to the common man’s basic needs, it also e
In the first article published last week (“Col” Karuna’s Eastern Tiger revolt against LTTE 20 years ago) the background and reasons for the Eastern Tiger revolt were discussed in detail. In this second article, the course of events leading to the eruption of the intra-tiger fratricidal conflict in the aftermath of “Col”Karuna’s rebellion will be recounted, relying on some of my earlier writings. All hell was expected to break loose after “Col”K
It’s growing hotter by the day. Last Saturday the temperature in Colombo rose to around 89 degrees Fahrenheit. Forecasters have predicted that there will be no let-up in the spell of hot weather. Rather they are warning that temperatures will rise further by April when the sun will be directly over Lanka. Doctors also warn the public to avoid strenuous labour, to wear white clothing that absorbs solar energy and drink more water. A difficulty her
One of the three watchdog committees of Sri Lanka’s Parliament, the Committee On Public Enterprises (COPE), has been hit by a wave of resignations since Monday (18), following the appointment of Rohitha Abeygunawardena as its chairman. By yesterday noon, 11 members – almost all from the Opposition and dissidents of the ruling Sri Lanka Podujana Peramuna (SLPP) – had tendered their resignation. Eran Wickramaratne, S.M.Marikkar and Hesha Withan
While President Ranil Wickremesinghe and the Sri Lanka Podujana Peramuna government are focusing on elections amidst controversy and confusion over whether the General Election will be held before the Presidential Election or the Executive Presidential system should be scrapped as the then-Presidential candidate Chandrika Bandaranaike Kumaratunga promised to do so but never did, the government and the people need to focus more on vital issues suc
Two appointments for top state positions have been challenged; one in a court of law and the other in Parliament. One is the appointment of Deshabandu Tennakoon as Inspector General of Police (IGP), which is challenged in Supreme Court by the Anti-corruption Unit of the Samagi Jana Balawegaya. The other is the appointment of politician Rohitha Abegunawardhana as the Committee On Public Enterprises (COPE) Chairman against which Parliamentarian Lak
Bill Clinton wrote a book titled, “Back to Work: Why We Need Smart Government for a Strong Economy” presenting page after page of intelligent suggestions on how the US can reduce its crippling debt, create new jobs, and reinvigorate its position in the global economy, emphasizing a return to forward-thinking initiatives. Barack Obama’s book, ‘A Promised Land,’ manages to avoid being ponderous, as might be expected, and is always pleasurable to re
Former President Gotabaya Rajapaksa’s book ‘The Conspiracy to oust me from Presidency” which was launched recently did not evoke much interest or create any stir among the people as its name suggests to do. Nor did it reveal any hidden facts or details about any incident that would have contributed to his ouster. However, the book is said to have been sold like hot cake due to the curiosity about what it could have contained. Hence, unlike the c
On the 31th of this month Catholics and Christians of all denomination will celebrate Easter Sunday. The festival without a doubt brings to mind the Easter Sunday bombing of 2019. On Easter of 2019, terrorists exploded their deadly caches of explosives in three churches where Christians were celebrating what to the community was the most sacred of Christian festivals. Separately on the same day, in three five star hotels members of the same terr
The Liberation Tigers of Tamil Eelam(LTTE) organization fought the armed forces of Sri Lanka for 33 years in pursuance of its political goal of establishing a separate state called Tamil Eelam in the Northern and Eastern provinces of the Island. The LTTE known generally as the Tigers had the reputation of monolithic unity. This image was seriously dented in 1993 when the LTTE’s former Deputy Leader Gopalswamy Mahendrarajah alias “Mahathaya” was
Are the people of Sri Lanka happy? Most independent and non-party analysts would say a clear no. Millions of people are suffering from a lack of food, shelter, clothing, healthcare needs, education and other facilities. So it is clear that except for the politicians– most of whom make money illegally– and big business magnets, most of Sri Lanka’s people are unhappy. Next week, the United Nations will mark the International Day of Happiness. In a
Part I of this article, which was published on February 29, laid out the grim fiscal and debt sustainability outlook for Sri Lanka. The key driver of debt dynamics is the gap between real GDP growth and real interest rates on government debt. Sustained annual growth of 5-6% and low real interest rates through disciplined fiscal policy would significantly improve debt sustainability. With slowing labour force growth due to an ageing population,
This political grandstanding is nothing more than benefitting from the country’s misery. When even a remotely cohesive nation is faced with an existential crisis, its disparate stakeholders momentarily set aside their differences. The survival of the state takes precedence over everything else. For a recent example, consider Israel, where political opposition has joined a war cabinet and people of the Left and Centre who loath Benjamin Netanyahu
Sri Lanka verifiably failed to meet 33% of the commitments due by end-February 2024 in its International Monetary Fund (IMF) programme, according to the February update of Verité Research’s ‘IMF Tracker’. Many of these commitments that are classified as ‘not met’ on IMF Tracker were designed to improve governance. These include commitments related to publishing information (transparency), and those that require the passage of governance-improving
Sri Lankan women seem to have gained an unprecedented and considerable importance in Sri Lankan politics lately, thanks to the record gatherings of women by JVP/NPP as a part of their show off of power, as the major elections are around the corner. These gatherings have some sort of copycat effect on some other political parties as well, which is also a good sign, as far as women’s politics is concerned. It is within that context that the Inter
Third review approved by IMF, SL to get next US$ 333 million tranche
Niloufer Esufally-Anverally Makes a Stylish Comeback with the Launch of NLFR
Global Entrepreneurship Week 2024 kicks off across all 25 districts
Fonterra to proceed with sale process for Consumer businesses
BOI signs US$ 12.16mn deal with Celogen Lanka
15-year-old schoolgirl impregnated, mother’s paramour arrested
United in art: Children collaborate to celebrate 35 years of CRC