Home / Opinion and Issues/ Another week of chaos and indecisiveness

Another week of chaos and indecisiveness

Comments / {{hitsCtrl.values.hits}} Views / Saturday, 20 October 2018 00:10


By Our Political Correspondent

President Maithripala Sirisena at the Cabinet meeting this week in passing mentioned India’s Research and Analysis Wing (RAW) had plotted to assassinate him and even Prime Minister Narendra Modi, a good friend of Sri Lanka, may not be aware of the plan. 

The Indian man arrested however was mentally ill according to sources and not worthy of an outburst. They are now investigating further. The President had said this over a conversation regarding an India-assisted project relating to a port container terminal. 

Certain Cabinet Ministers had pushed the word around according to media reports. It is said that 80% of the transhipment going through our ports is now into India, and Sri Lanka should not miss this golden opportunity. 

The other stories that dominated this week was the Presidential sacking of the Board of Investment Chairman and the Board over inefficiency, mismanagement and abuse of power. The Director General’s salary had been doubled by the Board when the Board’s only noteworthy performance was getting a Government to Government deal in Hambantota. 

The Minister was quick to say that he had the best Board in town. How come the BOI has been marred with controversial transactions from land-grabbing to the recent monorail project if the Board was good? The former Board has already begun canvassing to get reappointed. The Minister was not even aware that the Board had been given the marching orders. 

On the other hand, the Bank of Ceylon and People’s Bank Boards had not been sacked as claimed by certain interested people, according to Presidential sources the President had only requested the Minister to restructure them. The President according to sources had requested the Prime Minister over four months ago to do so, and as expected it had not been done. There are apparently three vacancies on the BOC Board not filled for four months. The Prime Minister is now affectionately referred to as Mr. NATO. 

Another controversial act is the continuation of a Director on a State bank after defaulting the banks to the tune of Rs. 10 billion and the bank itself for a power plant in the north. According to bank sources, if the Director is moved out, it will be mayhem for him. His godfather continues to give him cover. 

Private sector sources are shocked how the Director has survived the fit and proper test of the regulator given an upright regulator. The President is infuriated over this, according to insiders. Hence the Executive order. Interestingly the people on the two Boards have been frantically trying to get in touch with the Prime Minister and the President to secure their places in the new Board. 

The other major controversy to hit the news this week was of a regulator who had in a frenzy thrown a paper weight, injuring a female employee. If the story is actually true, what are the women’s associations doing without taking this up with the Government? Why is the regulator taking the high road and not resigning from his post? So all in all, another week of chaos and indecisiveness with the Budget just two weeks away.

Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Unless addressed, wages issue will keep troubling Bangladesh’s garment industry

Saturday, 19 January 2019

The recent week-long mass protests by garment workers in Bangladesh came to an end after an upward revision of wages for six classes of workers. But even after the upward revision, the Bangladeshi garment worker gets less than what workers in compara

Is GDP the ideal metric of the future?

Friday, 18 January 2019

In an age of stark contradictions, we live in a world where the exclusive 1% enjoy access to an abundance of wealth and resources but also a world where a billion people scarcely have enough to eat and have limited access to health and education. Whi

Evaluation of economic performance: 4 years into Yahapalana Government

Friday, 18 January 2019

The Yahapalana Government completed four years on 8 January this year. The four-year journey was a rough ride with a clear rift between the President and the UNP; the ruling party. The Government continues to face severe criticism from both inside an

Elimination of bribery and corruption

Friday, 18 January 2019

Bribery and corruption can be regarded as a malicious cancer that has penetrated into almost every strata of Sri Lankan state. It can be considered a major factor affecting Sri Lanka’s poverty, backwardness and indebtedness. Abuse of power by thos

Columnists More