Features
SLFP – What fate awaits it
By Gunadasa Amarasekera
The reason for the SLFP leaders to celebrate its 70th birth Anniversary, I believe was promoted by a desire to make a comeback out of the depths to which it has sunk in recent times. Despite the desire to come back, has it the vitality, the elan left to do so? This is a question to be asked not only by the SLFPers themselves, but by the vast majority that happens to be the children of ’56 and also by all those who are interested in the well- being of the country-the nation. To answer this question, one needs at least a brief analysis of its genesis, its history and its past performance.
The biggest misfortune the SLFP has faced and is facing even today is its inability to identify itself, understand why it came into being. Except for a discerning few, most of the present generation including our so- called intellectuals and even those who have undertaken to lead the Party, lack this understanding.
For many, even today, it is a quirk of fate; for some elitist groups it’s the result of a demagogy spawned by a disgruntled few. Very few have addressed their minds to find an answer. GC Mendis was one among the few who sought to delve deep to seek an answer. He saw it as a lapse on the part of the main civilised political stream which allowed the barbaric tide languishing at the periphery to overtake it!
However, the die- hard SLFPers see it as nothing but the creation of its great leader-SWRD Bandaranaike – Bandaranaike with his slogan of ‘Sinhala in 24 hours’ was able to sway the masses, achieve victory and create history. Little do they realise that it is not the leaders that create history; instead it is history that creates leaders. Bandaranaike did not create a new party as such; he only delivered what was created by history, and played the role of the midwife or the obstetrician. This historical perspective has eluded those devotees of Bandaranaike.
The SLFP is a party that is different from all other parties that have emerged after Independence. The UNP was founded on the liberal ideology of the West, the Socialist parties were founded on Marxism, which once again was a product of the West. The SLFP, on the contrary, has its origins in the soil; it is rooted in the Sinhala Buddhist civilisation, which has nourished this nation over the centuries. This can be ascertained from the historical background that gave birth to this party.
After the Uva-Wellassa rebellion, the national liberation movement gave up the armed struggle and opted for a non-violent path. By then the renaissance movement initiated by Asarana Sarana Saranankara, during the Dutch period, had permeated to the rest of the country, especially to Ruhuna. It produced the intelligentsia, the educated Sangha community who were to spearhead the movement. Two great seats of learning – Vidyodaya and Vidyalankara were established by the pupils of Sarankara.it was this background that made Anagarika Dharmapala emerge by the end of the 19th century. It was he who took the message to the masses with a number of cultural movements. In his travels across the country, he realised that those villagers, the peasants, though living in poverty, had retained a civilisational consciousness inherited from a past; he also realised that this civilisational consciousness which lay dormant could be awakened in his fight against imperialist forces. By the beginning of the twentieth century the British ruler realised the threat imposed by Anagarika. The IGP said there was a likelihood of Anagarika surrounding Colombo one morning with ‘his barbaric hordes’. The rulers with the help of the comprador class and the deracinated members of the National Congress groomed by them were determined to take Anagarika off the stage, silence him and destroy his movement. They succeeded in doing so, but failed to destroy the seeds sown by him in the minds of the vast masses. Those seeds took root and flourished unnoticed with the passage of time, the nourishment needed was produced by the indigenous intelligentsia, the writers, novelists and poets of the time – sanga-veda-guru – the forces of ’56, came out of that milieu.
Except the young Bandaranaike, who had returned from UK, no other leader was aware of the silent revolution initiated by Anagarika. It was that awareness that made Bandaranaike establish the Sinhala Maha Sabha in 1934.The Sinhala Maha Sabha produced the blue print needed for the formation of the SLFP in 1951. The Sinhala Maha Sabha has suffered great injustice being labelled a chauvinistic Sinhala caucus. The truth is far from it. The SMS envisaged a political organisation that would not only look after the economic needs but also the cultural aspirations of the people who had suffered at the hands of the colonials. It addressed its mind to the unity of different communities and as a prerequisite to that unity it emphasised the need to unite the Sinhalese who were divided by political affiliations, by religion, caste and creed. It maintained that; it is only then, that other groups could be brought in as stake holders, participating in a common civilisation. This is possible when there is a non- antagonistic symbiotic relationship between these cultures and civilisations. (I think this a point that Huntington missed when he considered /assumed culture and civilization as one and the same.) This, I believe was the state of affairs in this country prior to the advent of the foreigner. This is so, even today at the village peasantry level, and this is what prompted President DB Wijetunge, a great villager himself, to make that most misunderstood statement -comparing the Sinhala nation to a tree around which the other ethnic groups should wind themselves for their survival. I believe this vision of the Sinhala Maha Sabha is more relevant today when the so -called reconciliation at the expense of the major community has failed miserably. It was a mistake on the part of Bandaranaike to have dissolved the Sinhala Maha Sabha when he joined the UNP; ironically what made Bandaranaike form the SLFP was the rejection of the proposals of the Sinhala Maha Sabha at the Madampe sessions by the UNP.
The great victory achieved by the SLFP in ’56 was not one that was anticipated by many. I don’t think that even Bandaranaike anticipated it; his close friend and founder member of the Party, Bernard Aluwihare left the party on the eve of the elections saying that he was not prepared to carry the coffin. There is a story I have heard from a reliable source that is symbolic of the situation and the quandary faced by the great leader and the nation. Bandaranaike, after a hectic election campaign had retired early to bed, the night, the election results were to be announced. He had told the family members, not to put him up; the family members though overjoyed by the results, had remained silent till the following morning. When they heard his footsteps coming down the stairs they rushed to announce the victory- Bandaranaike had stopped coming down and sat on the steps, silent, wrapped in deep thought for a long period.
I think this premature victory had its ill-effects on the party; it had the vision, but lacked the political structures, institutions, and the economic policies that were needed to translate the vision into praxis. Though it spoke of a nebulous middle path, a socialism of its own, there were no concrete plans to achieve those ends. I believe Bandaranaike had the vision, the intellect, to translate that vision. His death––a result of a conspiracy still unraveled––denied him that opportunity.
Sirimavo Bandaranaike was able to implement some of the policies that were envisaged by her husband. But she had no holistic agenda. The Marxists who were with her, were partly responsible for it; they were interested not in a nationalist plan but a Marxist agenda. Some of the results were horrendous, such as taking away the lands of the locals; indiscriminate nationalisation followed by corruption, discouraging local entrepreneurship, austere measures –hal polu. miris polu and bread queues that made life impossible for the middle class, and the poor.
The situation was seized by the old fox JR to present the coalition as an adharmista evil force. What was ironical is that he was able to use the same lingo, the same terms dharmista which formed the core moral and ethical values of the SLFP. But this debacle suffered by the SLFP was temporary, it was no threat to its survival.
However, it was Chandrika Kumaratunga who assumed the leadership of the Party who was capable of thwarting) its survival.
It was Chandrika Kumaratunga who was able to destroy for the first time, the Sinhala Buddhist cultural foundation on which the SLFP was built. It was no longer the Party of the Sinhala majority-the backbone of the SLFP. It was turned into a multi-ethnic, multi-racial, multireligious, multi-cultural party. Having transformed it, she was prepared to hand over North and East to Mr Prabhakaran for 10 years; invited the Norwegians to divide the country in the name of reconciliation, and was ready to execute the P-Toms together with Prabhakaran. She confessed later that the decision she made to dissolve Parliament was a mistake, which action was what allowed the war to be continued.
In all these, Chandrika Kumaratunga was ably supported by Mangala Samaraweera, with his thavalam and sudu nelum campaigns. I do not wish to believe that she extended her blessings to Samaraweera to co-sponsor the traitorous resolution by the US against our country.
The greatest harm inflicted on the SLFP was the derailing and destroying the economic policies followed by it from its inception. Though they may have not been clearly defined, they were always anti-imperialist, pro nationalist and pro socialist. Sirimavo Bandaranaike was always guided by her civilisational consciousness, she never allowed imperialist powers to exploit this country, she was fearless and bold enough to nationalise the American oil companies in spite of the threats of that super power. Her government cleared all the debts we had accumulated, JR Jayewardene reversed all this with his open economy -a euphuism for neo colonialism.
Chandrika never tried to get back to the economic policies of the SLFP, she was happy with the neo liberal policies of JRJ. Under the pretext of giving a human face, she embraced them gladly. However, what is most disappointing and damaging was that Mahinda Rajapakse who followed her als o continued with the same policies when he had the opportunity to change them.
The result of these contradictory, harmful trends, was the loss of vision, direction and loss of ideology, resulting ultimately in the loss of confidence of the people. The SLFP became a headless body-a kawandaya. No attempt was made to recover the lost head; what was attempted was to graft the heads of liberal donkeys and heads of Marxist horses, adding insult to injury. ( In my address at the Bandaranaike Commemoration I pointed this out.)
It was left to President Sirisena to complete the task and finish off the Party. He did so by doing the very opposite of what the founder of the Party did 70 years ago, by making the SLFP an appendage of the UNP, and taking it back to the folds of the UNP. The last supper (of hoppers) at the Temple Trees was followed by the crucification of the kawandaya.
This was the fate of the SLFP; the fate that awaits it today, cannot be much different.
What is really worrying is not so much the demise of the kawandaya, but its repercussions. Ranil Wickremasinghe may have thought that it was a superb strategy on his part to embrace Sirisena. He would have thought embracing Sirisena means destroying his opponent the SLFP for good. Little did he realize that it was the embrace of death, that it would kill his party as well as himself. He had ultimately secured a dishonorable grave for his grand old party after 75 years. In spite of all these repercussions, one would say that not everything is lost. The two main parties in their death throes have thrown up two saplings; the Pohottuwa and the Telephone which would carry on their mission. It would be extremely naive to believe in such a fantasy. The Pohottuwa will wither away before it blossoms, and the telephone will be dead before it answers the call.
Ultimately, we are left with a political dessert, a wasteland with no hope and nothing in sight as visualised by the poet – “What are the roots that clutch, what branches grow out of this this stony rubbish,”. All signs are there, that we are fast approaching that stage. (On the other hand the poet may be wrong where this resplendent isle of ours is concerned… that stony rubbish can produce heroes out of clowns and comedians as well as politicians to lead us.)
However, let me not end what I have to say only with this dismal picture to the children of ‘56, who had pinned their faith on this party and now feel betrayed and let down. There is no need to lose faith. The SLFP as a party may be dead, but not the ideology that gave it birth, it’s alive. It’s that ideology that made 6,900,000 of you to vote Gotabaya to power. That ideology founded on our centuries old civilisation as old as the Chinese civilisation will die only with the death of our civilisation. That it has not suffered such an untimely death is proved beyond all doubt by the victory of Gotabaya.
In 1959, three years after ’56, I wrote an article to that prestigious- now obsolete -journal Sanskrithi; I made the observation — that you the children of ’56 are the ones who would come to power and redeem this country. As you know that has not come to pass, it has remained a dream. The blame lies with you. You, living through dark times, especially after ’77, did not realise that what is needed is an enlightened dialogue, an intellectual engagement to prepare you for such a task. As a matter of fact, there had not been such a dialogue since Independence for you to get ‘connected to it’. What was there, was the despicable politics of power-hungry politicians to which you too became a prey. You thought the answer was in the barrel of the gun which wiped out a whole generation of you -that should have been a lesson to you.
I hope this present discussion on ‘the role of the children of ‘56’ would open your eyes to the need for such an intellectual engagement and an enlightened dialogue based on the civilisational ideology and the civilisational consciousness that it has generated, which you have not lost. It is only then, and then only that you can claim to seek power.
(Based on the contribution made on zoom seminar ‘On the role of the Children of 56.)
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.
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.
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 . )
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