Connect with us

Features

Vasudeva’s ultimate surrender: Once a revolutionary, now a roadblock

Published

on

by Rajan Philips

“It is not defeat that is a disgrace, it is surrender,” roared Vasudeva Nanayakkara at the now forgotten Nugegoda rally on February 18, 2015. That was the “Mahinda Sulanga” rally that purportedly led to the return of the Rajapaksas in November 2019, but with a major difference – Gotabaya Rajapaksa elevated to bat for the family as Sri Lanka’s President, and Mahinda Rajapaksa relegating himself to play second fiddle as his brother’s Prime Minister. At Nugegoda, in 2015, Mr. Nanayakkara’s denunciation of surrender was hailed as setting the ‘moral’ tone for the rally. There is no need now to unpack the dubious moral claim that is based on interpreting electoral results in terms of disgrace and surrender.

What is pertinent today is the fall of Vasudeva Nanayakkara from rejecting surrender then, to his ultimate surrender now. From his defiance on behalf of Mahinda Rajapaksa in 2015, to his abject surrender today to Gotabaya Rajapaksa. Then he was in defiance of the people’s verdict in the 2015 presidential election that led to Maithripala Sirisena becoming President by the only virtue of being a common candidate. Now, Vasudeva is in cahoots with Sirisena to enable Gotabaya Rajapaksa stay in office in spite of public protests demanding the President’s resignation. Then it was an almost fascistic defiance of an electoral defeat. Now, it is a shameless deflection of public protest from its intended target.

In his latest move, reported by the Daily Financial Times, he is a co-signatory along with Maithripala Sirisena of a letter sent on behalf of “the SLPP dissident group in parliament numbering over 51 MPs,” addressed to SJB leader Sajith Premadasa and asking him to choose from one of two options “if they are to support the no-confidence motion against the government.” EITHER “the SJB leader should choose between joining an interim all-party administration,” OR “he should agree to become the Prime Minister and form the government with only SJB MPs in the event of the NCM getting approval of the House.” The 51 MPs are reportedly assuring that “they will sit in opposition if the SJB takes over and extend support to them.”

In either of the two scenarios, Gotabaya Rajapaksa remains President. Heads, we win; tails, you lose. Maithripala Sirisena and Vasudeva Nanayakkara may be playing games with Sajith Premadasa, who has declared himself as the man for no deals. Objectively, however, Sirisena and Vasu are showing their finger to the people.

Vasu as Enabler

To be clear, what matters is not Vasudeva’s subjective intentions, but the objective outcome of his current role in parliament as part of the triumvirate that is shepherding 40+/- MPs as the so called independents. They grow to 51 when they join hands with Sirisena-SLFPers. It is my contention that Vasudeva’s position is central and crucial to enabling Gotabaya Rajapaksa to pretend that he has majority support in parliament. Of the triumvirate, Wimal Weerawansa is a gifted political orator with zero credibility, while Udaya Gammanpila is an accidental MP with zero political endowments or following. They are not the key to holding the ostensible independents onside with Gotabaya Rajapaksa.

Vasudeva is the key that can unlock the independents. If he were to call for the resignation of the President and declare his support for a No Confidence Motion in parliament against the President, the dynamic in parliament will consequentially change. I am not suggesting Vasudeva can trigger a flood of crossovers in parliament. Never mind crossovers in Kotte have no meaning as Sri Lanka’s MPs are constantly crossing over something or other. Just that there will be sufficient movement of MPs to demonstrate that a good majority of MPs in parliament have no confidence in the President.

As some of us have been saying all along, an NCM is not going to remove the President. But it is a necessary action by parliament to demonstrate solidarity with the people protesting for the President’s resignation. The people’s protest must mean something to Vasudeva Nanayakkara. Or else, he would not have made a show of being a co-leader of 40+/- MPs, taking them out of government and turning them into ‘independents.’ But he is only half-heartedly acknowledging the protest, otherwise he would not have led himself and his forty thieves (politically they all are, and as Lenin would have called them) back into Gota’s fold. Why is Vasudeva Nanayakkara refusing to whole-heartedly support the protest?

Obviously, Vasudeva is not questioning the sincerity and the spontaneity of the protesters. Otherwise, he would have called them out for that without hesitation. He cannot be unaware how the protests that began in Colombo have relentlessly resonated not only across the length and breadth of the country, but also up and down the layers and strata of Sri Lankan society. Most of all, he cannot be unaware of the broken economic ‘base’ that is both provoking and sustaining the protests, which in turn are shaking the ‘superstructures’ of the state. Isn’t it curious that a person like Vasudeva Nanyakkara with his radical genealogy, should be running away from the streets that are revolting to support the presidential scaffolding that is collapsing?

In fact, it is more than curious that Vasudeva, who as a hot-headed young comrade walked away from the likes of NM Perera, Colvin R de Silva and Leslie Goonewardene in search of revolutionary purity, could now stand by someone like Gotabaya Rajapaksa, whose idea of left and right is limited to military marches, and who has accomplished so pathetic a record, in so short a time, as the country’s President? In the past, Vasudeva never hesitated to leave a political party as a matter of principle, as he understood it, however misplaced it may have been. But never for personal gain or with selfish motives.

Vasudeva’s association with the Rajapaksas is a different story. It has been remarkably long, perhaps his longest stay in a political alliance. There would have been the satisfying of some vanities, as Vasu Aiya has been the elder statesman from Galle to the Medamulana brothers when they went to Colombo to play politics. But the cost to Vasudeva Nanayakkara’s reputation as a principled firebrand politician has been irreparable and deadly. Vasudeva took President Chandrika Kumaratunga to task and to courts for her abuse of her office and her powers in allowing her friends to make money at the expense of state assets. How would he square the anti-corruption alacrity that he showed against Chandrika Kumaratunga with his silent acceptance of all the corruption allegations that have been perpetually levelled against his Medamulana underlings? These allegations have come into sharp relief in the current protests, and by protecting the President from the protests, Vasudeva Nanayakkara is betraying everything he had stood for before 2005 when he began his power-association with Rajapaksas.

Stalemate in Parliament

Vasudeva Nanayakkara is not the only key to breaking the current stalemate in parliament. But he could be one of the effective ones. By stalemate, I mean, neither the government nor the opposition is able to show majority support in parliament. The re-election of Ranjith Siyambalapitiya as Deputy Speaker exposed how farcical the business of parliament has become and where the division of its members stands. Farcical, because Mr. Siyambalapitiya first resigned from office and then allowed himself to be nominated, on behalf of the ‘Opposition,’ including the SJB. SLFP MP Nimal Siripala De Silva proposed Mr. Siyambalapitiya’s name, just as Basil Rajapaksa has said that the SLPP will propose Mahinda Rajapaksa to be Prime Minister after he resigns from office.

GL Pieris announced that the government (SLPP) MPs will support Siambalapitiya. Resigning and getting reappointment is nothing to Pieris. Then the SJB got into a huff, smelling a deal between the government and its dissidents, and nominated its MP Bakeer Markar as the authentic opposition candidate and called for a secret ballot. What was the SJB expecting? 148 MPs vote for Siyambalapitiya and 65 for Bakeer Markar. (Three MPs spoilt their votes and another eight were absent). Nothing changed? Mr. Clever, Ranil Wickremesinghe, allegedly campaigned for Siyambalapitiya, as the Opposition Candidate. Whom did he canvas, the TNA?

The SJB must be left wondering that if it cannot muster even a 100 votes in a secret ballot for its Deputy Speaker candidate, where is it going to get 113 votes for a No Confidence Motion against anybody. While the vote shows that the SJB has got a lot of homework to do, the vote does not change anything for the government or the President. All the usual suspects, the SLPP, the SLFP and the independents voted together, only secretly this time. And the SLPP-government MPs may even vote for an NCM against the government, just for kicks. They know nothing will change so long as Gotabaya Rajapaksa remains President.

These are the games that are being played in the nation’s parliament when the people are struggling from day to day for food, for fuel, for medicine, and when they are protesting for serious and sincere responses from their representatives. And when food prices in April increased by nearly 50% from last year, non-food inflation by over 20%, and the overall Consumer Price index went up by 30%.

This is what is at the crux of Vasudeva’s position that the country can make a turnround by enabling President Rajapaksa to continue in office to form a ‘new government’, after making Mahinda Rajapaksa and his Ministers resign. He is now extending support to the SJB’s No Confidence Motion against the government (i.e., against Mahinda Rajapaksa) if Sajith Premadasa would agree to become the new Prime Minister under Gotabaya Rajapaksa, knowing full well that the SJB has categorically rejected being part of a government under the current President.

Even otherwise well meaning citizens and opinion leaders have fallen for the same ploy, as a matter of prioritizing action on the economic front instead of expending energies on the political front to make the President resign, have an interim government, and go for elections. The apparent argument is that it is prudent to let the current President continue with a ‘new government’ until economic normalcy is restored and then call for parliamentary election. This approach has three flaws.

First, it forgets the fact that there is nothing about the current President and any government under him that can give confidence to anyone that they are capable of turning the economic ship around from sinking to sailing. The President and his Ministers have given no indication over the last month and more that they are capable of acting not only responsibly, but also intelligently. All that the President has been doing for nearly 40 days now, is making statements that he is ready to form an all-party cabinet, when only the same government-party MPs are answering his calls.

It is true that the Central Bank and the Finance Ministry are finally in adult professional hands, but while all the focus is on the IMF and Washington, there is nothing heard about what anyone in the government is doing about ensuring steady essential supplies and looking after the production sector to prevent it from total collapse. The President is yet to address the nation and persuade its people, why he should be allowed to continue. And how he will be different. In sum, there is no point in salvaging this government for the purpose of saving the country.

The second flaw is that the prospect of the current President continuing in office would be anathema to the protesters, who will not relent until the President and the Prime Minister resign. The trade unions have threatened that they will resort to permanent strike action until the two brothers resign. After their very successful strike action on April 28, many of the trade unions were supporting the island-wide hartal launched on Friday. The media is calling it the largest hartal after the Great Hartal of 1953. Political watchers are scratching their heads to taxonomize the seemingly leaderless current protest wave. Its classification can come later, what is urgent now is to respond constructively to the protests and their underlying economic reasons.

Therein is the third flaw in allowing the current President to continue until the country overcomes its economic crisis. The better way out and the most constructive pivot for the country will be for the President to resign, not necessarily tomorrow, but after arrangements are in place for an interim President and an interim government to step in for a period of six to twelve months before calling a general election. Much can be accomplished in this interim period both on the economic front and by way of constitutional changes. For starters, the current National List MPs can give up their seats so that outside professionals can be admitted to parliament as MPs and assume specific portfolios as cabinet ministers. You don’t need a constitutional amendment to do this. The JVP and the NPP have already indicated their support for such measures. The real sacrifice should come from the National List MPs of the SLPP and the SJB. Many of them might be inspired to do so if only the President will lead the way. As for Vasudeva Nanayakkara, he should be showing the President his graceful way out, and not finding disgraceful ways to keep him in office.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Features

The heart-friendly health minister

Published

on

Dr. Ramesh Pathirana

by Dr Gotabhya Ranasinghe
Senior Consultant Cardiologist
National Hospital Sri Lanka

When we sought a meeting with Hon Dr. Ramesh Pathirana, Minister of Health, he graciously cleared his busy schedule to accommodate us. Renowned for his attentive listening and deep understanding, Minister Pathirana is dedicated to advancing the health sector. His openness and transparency exemplify the qualities of an exemplary politician and minister.

Dr. Palitha Mahipala, the current Health Secretary, demonstrates both commendable enthusiasm and unwavering support. This combination of attributes makes him a highly compatible colleague for the esteemed Minister of Health.

Our discussion centered on a project that has been in the works for the past 30 years, one that no other minister had managed to advance.

Minister Pathirana, however, recognized the project’s significance and its potential to revolutionize care for heart patients.

The project involves the construction of a state-of-the-art facility at the premises of the National Hospital Colombo. The project’s location within the premises of the National Hospital underscores its importance and relevance to the healthcare infrastructure of the nation.

This facility will include a cardiology building and a tertiary care center, equipped with the latest technology to handle and treat all types of heart-related conditions and surgeries.

Securing funding was a major milestone for this initiative. Minister Pathirana successfully obtained approval for a $40 billion loan from the Asian Development Bank. With the funding in place, the foundation stone is scheduled to be laid in September this year, and construction will begin in January 2025.

This project guarantees a consistent and uninterrupted supply of stents and related medications for heart patients. As a result, patients will have timely access to essential medical supplies during their treatment and recovery. By securing these critical resources, the project aims to enhance patient outcomes, minimize treatment delays, and maintain the highest standards of cardiac care.

Upon its fruition, this monumental building will serve as a beacon of hope and healing, symbolizing the unwavering dedication to improving patient outcomes and fostering a healthier society.We anticipate a future marked by significant progress and positive outcomes in Sri Lanka’s cardiovascular treatment landscape within the foreseeable timeframe.

Continue Reading

Features

A LOVING TRIBUTE TO JESUIT FR. ALOYSIUS PIERIS ON HIS 90th BIRTHDAY

Published

on

Fr. Aloysius Pieris, SJ was awarded the prestigious honorary Doctorate of Literature (D.Litt) by the Chancellor of the University of Kelaniya, the Most Venerable Welamitiyawe Dharmakirthi Sri Kusala Dhamma Thera on Nov. 23, 2019.

by Fr. Emmanuel Fernando, OMI

Jesuit Fr. Aloysius Pieris (affectionately called Fr. Aloy) celebrated his 90th birthday on April 9, 2024 and I, as the editor of our Oblate Journal, THE MISSIONARY OBLATE had gone to press by that time. Immediately I decided to publish an article, appreciating the untiring selfless services he continues to offer for inter-Faith dialogue, the renewal of the Catholic Church, his concern for the poor and the suffering Sri Lankan masses and to me, the present writer.

It was in 1988, when I was appointed Director of the Oblate Scholastics at Ampitiya by the then Oblate Provincial Fr. Anselm Silva, that I came to know Fr. Aloy more closely. Knowing well his expertise in matters spiritual, theological, Indological and pastoral, and with the collaborative spirit of my companion-formators, our Oblate Scholastics were sent to Tulana, the Research and Encounter Centre, Kelaniya, of which he is the Founder-Director, for ‘exposure-programmes’ on matters spiritual, biblical, theological and pastoral. Some of these dimensions according to my view and that of my companion-formators, were not available at the National Seminary, Ampitiya.

Ever since that time, our Oblate formators/ accompaniers at the Oblate Scholasticate, Ampitiya , have continued to send our Oblate Scholastics to Tulana Centre for deepening their insights and convictions regarding matters needed to serve the people in today’s context. Fr. Aloy also had tried very enthusiastically with the Oblate team headed by Frs. Oswald Firth and Clement Waidyasekara to begin a Theologate, directed by the Religious Congregations in Sri Lanka, for the contextual formation/ accompaniment of their members. It should very well be a desired goal of the Leaders / Provincials of the Religious Congregations.

Besides being a formator/accompanier at the Oblate Scholasticate, I was entrusted also with the task of editing and publishing our Oblate journal, ‘The Missionary Oblate’. To maintain the quality of the journal I continue to depend on Fr. Aloy for his thought-provoking and stimulating articles on Biblical Spirituality, Biblical Theology and Ecclesiology. I am very grateful to him for his generous assistance. Of late, his writings on renewal of the Church, initiated by Pope St. John XX111 and continued by Pope Francis through the Synodal path, published in our Oblate journal, enable our readers to focus their attention also on the needed renewal in the Catholic Church in Sri Lanka. Fr. Aloy appreciated very much the Synodal path adopted by the Jesuit Pope Francis for the renewal of the Church, rooted very much on prayerful discernment. In my Religious and presbyteral life, Fr.Aloy continues to be my spiritual animator / guide and ongoing formator / acccompanier.

Fr. Aloysius Pieris, BA Hons (Lond), LPh (SHC, India), STL (PFT, Naples), PhD (SLU/VC), ThD (Tilburg), D.Ltt (KU), has been one of the eminent Asian theologians well recognized internationally and one who has lectured and held visiting chairs in many universities both in the West and in the East. Many members of Religious Congregations from Asian countries have benefited from his lectures and guidance in the East Asian Pastoral Institute (EAPI) in Manila, Philippines. He had been a Theologian consulted by the Federation of Asian Bishops’ Conferences for many years. During his professorship at the Gregorian University in Rome, he was called to be a member of a special group of advisers on other religions consulted by Pope Paul VI.

Fr. Aloy is the author of more than 30 books and well over 500 Research Papers. Some of his books and articles have been translated and published in several countries. Among those books, one can find the following: 1) The Genesis of an Asian Theology of Liberation (An Autobiographical Excursus on the Art of Theologising in Asia, 2) An Asian Theology of Liberation, 3) Providential Timeliness of Vatican 11 (a long-overdue halt to a scandalous millennium, 4) Give Vatican 11 a chance, 5) Leadership in the Church, 6) Relishing our faith in working for justice (Themes for study and discussion), 7) A Message meant mainly, not exclusively for Jesuits (Background information necessary for helping Francis renew the Church), 8) Lent in Lanka (Reflections and Resolutions, 9) Love meets wisdom (A Christian Experience of Buddhism, 10) Fire and Water 11) God’s Reign for God’s poor, 12) Our Unhiddden Agenda (How we Jesuits work, pray and form our men). He is also the Editor of two journals, Vagdevi, Journal of Religious Reflection and Dialogue, New Series.

Fr. Aloy has a BA in Pali and Sanskrit from the University of London and a Ph.D in Buddhist Philosophy from the University of Sri Lankan, Vidyodaya Campus. On Nov. 23, 2019, he was awarded the prestigious honorary Doctorate of Literature (D.Litt) by the Chancellor of the University of Kelaniya, the Most Venerable Welamitiyawe Dharmakirthi Sri Kusala Dhamma Thera.

Fr. Aloy continues to be a promoter of Gospel values and virtues. Justice as a constitutive dimension of love and social concern for the downtrodden masses are very much noted in his life and work. He had very much appreciated the commitment of the late Fr. Joseph (Joe) Fernando, the National Director of the Social and Economic Centre (SEDEC) for the poor.

In Sri Lanka, a few religious Congregations – the Good Shepherd Sisters, the Christian Brothers, the Marist Brothers and the Oblates – have invited him to animate their members especially during their Provincial Congresses, Chapters and International Conferences. The mainline Christian Churches also have sought his advice and followed his seminars. I, for one, regret very much, that the Sri Lankan authorities of the Catholic Church –today’s Hierarchy—- have not sought Fr.

Aloy’s expertise for the renewal of the Catholic Church in Sri Lanka and thus have not benefited from the immense store of wisdom and insight that he can offer to our local Church while the Sri Lankan bishops who governed the Catholic church in the immediate aftermath of the Second Vatican Council (Edmund Fernando OMI, Anthony de Saram, Leo Nanayakkara OSB, Frank Marcus Fernando, Paul Perera,) visited him and consulted him on many matters. Among the Tamil Bishops, Bishop Rayappu Joseph was keeping close contact with him and Bishop J. Deogupillai hosted him and his team visiting him after the horrible Black July massacre of Tamils.

Continue Reading

Features

A fairy tale, success or debacle

Published

on

Ministers S. Iswaran and Malik Samarawickrama signing the joint statement to launch FTA negotiations. (Picture courtesy IPS)

Sri Lanka-Singapore Free Trade Agreement

By Gomi Senadhira
senadhiragomi@gmail.com

“You might tell fairy tales, but the progress of a country cannot be achieved through such narratives. A country cannot be developed by making false promises. The country moved backward because of the electoral promises made by political parties throughout time. We have witnessed that the ultimate result of this is the country becoming bankrupt. Unfortunately, many segments of the population have not come to realize this yet.” – President Ranil Wickremesinghe, 2024 Budget speech

Any Sri Lankan would agree with the above words of President Wickremesinghe on the false promises our politicians and officials make and the fairy tales they narrate which bankrupted this country. So, to understand this, let’s look at one such fairy tale with lots of false promises; Ranil Wickremesinghe’s greatest achievement in the area of international trade and investment promotion during the Yahapalana period, Sri Lanka-Singapore Free Trade Agreement (SLSFTA).

It is appropriate and timely to do it now as Finance Minister Wickremesinghe has just presented to parliament a bill on the National Policy on Economic Transformation which includes the establishment of an Office for International Trade and the Sri Lanka Institute of Economics and International Trade.

Was SLSFTA a “Cleverly negotiated Free Trade Agreement” as stated by the (former) Minister of Development Strategies and International Trade Malik Samarawickrama during the Parliamentary Debate on the SLSFTA in July 2018, or a colossal blunder covered up with lies, false promises, and fairy tales? After SLSFTA was signed there were a number of fairy tales published on this agreement by the Ministry of Development Strategies and International, Institute of Policy Studies, and others.

However, for this article, I would like to limit my comments to the speech by Minister Samarawickrama during the Parliamentary Debate, and the two most important areas in the agreement which were covered up with lies, fairy tales, and false promises, namely: revenue loss for Sri Lanka and Investment from Singapore. On the other important area, “Waste products dumping” I do not want to comment here as I have written extensively on the issue.

1. The revenue loss

During the Parliamentary Debate in July 2018, Minister Samarawickrama stated “…. let me reiterate that this FTA with Singapore has been very cleverly negotiated by us…. The liberalisation programme under this FTA has been carefully designed to have the least impact on domestic industry and revenue collection. We have included all revenue sensitive items in the negative list of items which will not be subject to removal of tariff. Therefore, 97.8% revenue from Customs duty is protected. Our tariff liberalisation will take place over a period of 12-15 years! In fact, the revenue earned through tariffs on goods imported from Singapore last year was Rs. 35 billion.

The revenue loss for over the next 15 years due to the FTA is only Rs. 733 million– which when annualised, on average, is just Rs. 51 million. That is just 0.14% per year! So anyone who claims the Singapore FTA causes revenue loss to the Government cannot do basic arithmetic! Mr. Speaker, in conclusion, I call on my fellow members of this House – don’t mislead the public with baseless criticism that is not grounded in facts. Don’t look at petty politics and use these issues for your own political survival.”

I was surprised to read the minister’s speech because an article published in January 2018 in “The Straits Times“, based on information released by the Singaporean Negotiators stated, “…. With the FTA, tariff savings for Singapore exports are estimated to hit $10 million annually“.

As the annual tariff savings (that is the revenue loss for Sri Lanka) calculated by the Singaporean Negotiators, Singaporean $ 10 million (Sri Lankan rupees 1,200 million in 2018) was way above the rupees’ 733 million revenue loss for 15 years estimated by the Sri Lankan negotiators, it was clear to any observer that one of the parties to the agreement had not done the basic arithmetic!

Six years later, according to a report published by “The Morning” newspaper, speaking at the Committee on Public Finance (COPF) on 7th May 2024, Mr Samarawickrama’s chief trade negotiator K.J. Weerasinghehad had admitted “…. that forecasted revenue loss for the Government of Sri Lanka through the Singapore FTA is Rs. 450 million in 2023 and Rs. 1.3 billion in 2024.”

If these numbers are correct, as tariff liberalisation under the SLSFTA has just started, we will pass Rs 2 billion very soon. Then, the question is how Sri Lanka’s trade negotiators made such a colossal blunder. Didn’t they do their basic arithmetic? If they didn’t know how to do basic arithmetic they should have at least done their basic readings. For example, the headline of the article published in The Straits Times in January 2018 was “Singapore, Sri Lanka sign FTA, annual savings of $10m expected”.

Anyway, as Sri Lanka’s chief negotiator reiterated at the COPF meeting that “…. since 99% of the tariffs in Singapore have zero rates of duty, Sri Lanka has agreed on 80% tariff liberalisation over a period of 15 years while expecting Singapore investments to address the imbalance in trade,” let’s turn towards investment.

Investment from Singapore

In July 2018, speaking during the Parliamentary Debate on the FTA this is what Minister Malik Samarawickrama stated on investment from Singapore, “Already, thanks to this FTA, in just the past two-and-a-half months since the agreement came into effect we have received a proposal from Singapore for investment amounting to $ 14.8 billion in an oil refinery for export of petroleum products. In addition, we have proposals for a steel manufacturing plant for exports ($ 1 billion investment), flour milling plant ($ 50 million), sugar refinery ($ 200 million). This adds up to more than $ 16.05 billion in the pipeline on these projects alone.

And all of these projects will create thousands of more jobs for our people. In principle approval has already been granted by the BOI and the investors are awaiting the release of land the environmental approvals to commence the project.

I request the Opposition and those with vested interests to change their narrow-minded thinking and join us to develop our country. We must always look at what is best for the whole community, not just the few who may oppose. We owe it to our people to courageously take decisions that will change their lives for the better.”

According to the media report I quoted earlier, speaking at the Committee on Public Finance (COPF) Chief Negotiator Weerasinghe has admitted that Sri Lanka was not happy with overall Singapore investments that have come in the past few years in return for the trade liberalisation under the Singapore-Sri Lanka Free Trade Agreement. He has added that between 2021 and 2023 the total investment from Singapore had been around $162 million!

What happened to those projects worth $16 billion negotiated, thanks to the SLSFTA, in just the two-and-a-half months after the agreement came into effect and approved by the BOI? I do not know about the steel manufacturing plant for exports ($ 1 billion investment), flour milling plant ($ 50 million) and sugar refinery ($ 200 million).

However, story of the multibillion-dollar investment in the Petroleum Refinery unfolded in a manner that would qualify it as the best fairy tale with false promises presented by our politicians and the officials, prior to 2019 elections.

Though many Sri Lankans got to know, through the media which repeatedly highlighted a plethora of issues surrounding the project and the questionable credentials of the Singaporean investor, the construction work on the Mirrijiwela Oil Refinery along with the cement factory began on the24th of March 2019 with a bang and Minister Ranil Wickremesinghe and his ministers along with the foreign and local dignitaries laid the foundation stones.

That was few months before the 2019 Presidential elections. Inaugurating the construction work Prime Minister Ranil Wickremesinghe said the projects will create thousands of job opportunities in the area and surrounding districts.

The oil refinery, which was to be built over 200 acres of land, with the capacity to refine 200,000 barrels of crude oil per day, was to generate US$7 billion of exports and create 1,500 direct and 3,000 indirect jobs. The construction of the refinery was to be completed in 44 months. Four years later, in August 2023 the Cabinet of Ministers approved the proposal presented by President Ranil Wickremesinghe to cancel the agreement with the investors of the refinery as the project has not been implemented! Can they explain to the country how much money was wasted to produce that fairy tale?

It is obvious that the President, ministers, and officials had made huge blunders and had deliberately misled the public and the parliament on the revenue loss and potential investment from SLSFTA with fairy tales and false promises.

As the president himself said, a country cannot be developed by making false promises or with fairy tales and these false promises and fairy tales had bankrupted the country. “Unfortunately, many segments of the population have not come to realize this yet”.

(The writer, a specialist and an activist on trade and development issues . )

Continue Reading

Trending