An Echelon Media Company
Saturday April 20th, 2024

Democratic rights, economic concerns will decide this election: NPP candidate Dr Nihal Abeysinghe

Dr Nihal Abeysinghe (r) – Image credit: Facebook

ECONOMYNEXT – Sri Lankan voters are faced with an important choice in the run-up to the upcoming parliamentary polls and must prioritise their democratic and economic rights when making their decision, Former Chief Epidemiologist Dr Nihal Abeysinghe who is contesting the election on the National People’s Power (NPP) ticket said.

In an exclusive interview with EconomyNext, Abeysinghe warned that Sri Lankans would have to fight for their democratic rights in the future if the status quo continued.

“Economic concerns are also important. Especially after the Covid-19 situation, all Sri Lankans realised they could not survive more than two months [in the current economy]. The government had to provide 400,000 families with Rs 5,000 for them to survive. The people felt that our economy is very unstable and we’re in a very bad position. Now they have realised that it’s very difficult to maintain their lives with this economy,” he said.

Come August 5, said Abeysinghe, people will have to take this dire situation into consideration and ensure their children have a better future.

People living in rural areas have been  hit extra hard, he said, and yet they continue to vote for the two main camps.

“They need to think of a change for a better economic life in the future. I think the economy is the main factor. For the middle class, I think it’s democratic rights. The lower income group is perhaps not very much concerned about democratic rights. But the middle class certainly are worried about their democratic rights. Both are very important in this election,” he said.

Explaining his decision to enter active politics, Abeysinghe said after a 35-year career that saw stints at Sri Lanka’s Ministry of Health (he was Chief Epidemiologist when he left the ministry in 2008) and at the World Health Organisaiton (WHO) Southeast Asia regional office working on vaccine preventable disease in the region, he decided he was not happy with the situation in the country and the way the country has been governed since independence.

“When I returned to Sri Lanka in 2016, I realised that the country’s politics is not going to change, because in the 2018 local government election, people just voted [emotionally],” he said.

Abeysinghe and several of his colleagues in the health sector and academia formed a discussion group which expanded over the past few years. They developed a set of policies for the country and decided to contest the upcoming polls and challenge the two main camps.

“We then tried to discuss with all progressive groups including the left parties and civil society organisations,”

Abeysinghe and his colleagues decided that their views and proposals aligned the most with the Janatha Vimukthi Peramuna (JVP)-led NPP.

“That’s how I joined this camp,” he said.

Asked if the JVP was engaged in a strategic rebranding exercise in forming the NPP alliance, Abeysinghe said he did consider it.

“We discussed it. We can see that since 1965 when the JVP came into the political arena, no other left political party has been able to win over the public during the past almost 50 years. We realise their strategies were not acceptable to the people of this country and it created a lot of difficulties to the nation. It’s not just them, however. The then governments too tried to keep them away from democratic politics,” he said

Having taken into account the JVP’s record since embracing democratic electoral politics since 1994, said Abeysinghe, as well as wider society’s acceptance of the JVP as a democratic party, he and his colleagues thought they should align with  a broader JVP-led alliance.

“We realised they have their strengths and they have a very good organisational capacity, and we thought without them it’s very difficult to develop a third force. That’s why we thought we’d use them and discuss with them [the possibility of an alliance]. We held negotiations. The JVP was very pleasant during discussions because they agreed to change their party name, leave out their symbol, and agreed to form a new party. That is how we have come with the NPP and the new symbol compass,” he said.

Given that a majority of Sri Lankans live below the international poverty line, people are spending more than they earn – a reality brought home by the recent lockdown, with many people needing a government handout. Asked what solution the NPP offers the people in this regard, Abeysinghe advocated taking industry to the country’s underprivileged peripheries.

“In our policy document, we have clearly stated that currently all industries in this country are basically in the western province. The industries should move to the other provinces and we need to elevate the living conditions of the people in those areas. When you go to the remote areas they do not have adequate health or education facilities. Professionals do not want to stay in those areas because the facilities aren’t there. We need to take the industries to the periphery,” he said.

Abeysinghe further said the party has formulated a policy framework for fair pricing for agriculture products that is beneficial to both producer and consumer.

The NPP is also for increasing direct taxes over indirect taxes and for collaborative economic relations with developed nations, said Abyesinghe.

“We can go for collaboration like other developing countries. Countries like Vietnam, Cuba have already gone for very good collaboration with the developed countries, making a profit out of those relationships. There’s probably a place for Sri Lanka to go for something similar, to our benefit,” he said.

Emphasising the need to support families who are dependent government subsidies, Abeysinghe said the people must evolve from the mindset of being grateful to ruling parties for assisting them with public funds.

“I visited a village in Horana where about 362 families are all self employed. But that self employment is supported by a government machinery. So they think they need to vote for that particular government. But these governments are using public money to get people out of poverty. We need to convince the public that it is everybody’s money so everybody has to benefit,” he said.

The NPP also promises to prioritise sports and recreation as part of their education policy, he said.

“Education, health, sports and recreation, we think those are very necessary to make a productive human being. We’re planning to invest more in those, because we need strong personalities to develop the country,” he said.

“There are so many other proposals in our policy document that will really help people decide in this election,” he added.

Abeysinghe further said the people are not ready to go back to pre 1977 era

“People have gotten used to a certain amount of comfort and a bit of peaceful life after 1977. I don’t think people be willing to go back. So we need to bring investors into the country and go for collaborative efforts. We plan to have a balance. Once we uplift the situation of the people in the periphery, I’m sure their contribution to the economy will be greater,” he said.

“If we can have skilled labour in this country, I’m sure it’ll bring a big change to the country’s economic situation. We’ll rely on the change in the education system and have a skilled labour and knowledgeable labour market, and I’m sure that investors will be very happy to have that type of labour market in Sri Lanka,” he said. (Colombo/Jul30/2020)

Leave a Comment

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

Leave a Comment

Leave a Comment

Cancel reply

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

Sri Lanka discussing giving extra land, water for Chinese oil refinery

ECONOMYNEXT – Sri Lanka is in discussions with China’s Sinopec to give extra land and assure water supplies after the company decided to expand the capacity of a planned oil refinery in Hambantota, Energy Minister Kanchana Wijesekera said.

“There are concerns on how the water supply is going to be provided for the refinery,” Minister Wijesekera told reporters Friday.

The refinery will need more land and also revise conditions in a Board of Investment agreement, he said.

Read more
Sinopec to double capacity of new refinery in Sri Lanka’s Hambantota

Recommendations and decisions from Sri Lanka’s side had already been sent and Sinopec is expected to revert back in May.

“We are hoping to sign the agreement once everyone has agreed,” Wijesekara said.

The principle agreements are expected to be signed by June, he said.

The refinery could sell up to 10 percent of its output in the domestic market.

“There is no commitment by the government to purchase anything,” Minister Wijesekera said. (Colombo/Apr19/2024)

Continue Reading

Sri Lanka rupee closes weaker at 302.00/50 to the US dollar

ECONOMYNEXT – Sri Lanka’s rupee closed at 302.00/50 to the US dollar in the spot forex market on Friday, down from 301.50/302.00 a day earlier, dealers said.

There was increased demand for dollars after the central bank bought 715 million dollars from forex markets. In the previous two months it was buying on average about 200 million US dollars, leaving market participants and bank in a ‘oversold’ position.

There were some official dollars sales Friday dealers said.

READ Sri Lanka rupee quoted wide to US dollar as peg inconsistencies flare up

Bond yields were broadly steady.

A bond maturing on 15.12.2026 closed at 11.30/40 percent down from 11.35/40 percent.

A bond maturing on 15.09.2027 closed at 11.95/12.05 percent up from 11.90/12.05 percent.

A bond maturing on 15.12.2028 closed stable at 12.15/25 percent.

A bond maturing on 15.09.2029 closed stable at 12.30/40 percent.

A bond maturing on 01.10.2032 closed stable at 12.40/50 percent. (Colombo/Apr19/2024)

Continue Reading

Sri Lanka stocks close down, banks trade down

ECONOMYNEXT – The Colombo Stock Exchange closed down on Friday, data on its site showed.

The broader All Share Index closed down 0.38 percent, or 44.80 points, at 11,753; while the S&P SL20 Index closed down 0.53 percent, or 18.46 points, at 3,456.

Turnover was at 1.4 billion. The diversified financials (Rs366mn) and banks (Rs266mn) sectors continued to see selling pressure.

“This was possibly due to uncertainty around the bond discussions,” market participants said.

With the exception of Sampath Bank Plc (up at 77.50) all other banks traded down in the day. Commercial Bank of Ceylon Plc was down at 104.50, Hatton National Bank Plc was down at 188.50, and DFCC Bank Plc was down at 77.00.

LOLC Finance Plc saw the most trades and closed up at 6.40. Another LOLC company, Browns Investments Plc, also saw high traded volumes and closed up at 5.60.

Softlogic Capital Plc was up at 7.00, and Softlogic Holdings Plc was up at 11.20. A trading suspension imposed on SHL.N0000 was lifted effective today as the company submitted the annual report for the year ended 31st March 2023.

However, shares of the Company will remain in the Watch List “due to Qualified Audit Opinion and Emphasis of matter on going concern in the Independent Auditor’s Report in the Audited Financial Statements for the year ended 31st March 2022.”

Dialog Axiata Plc, which announced its merger with Bharti Airtel Thursday, saw its share price close up at 11.90.

“There was some traction on index heavyweights,” market participants pointed out.

Top contributors to the APSI included Aitken Spence Plc (up at 134.50), Ceylon Tobacco Company Plc (up at 1,245.25, and Lion Brewery (Ceylon) Plc (up at 1,048.50).

There was a net foreign inflow of 5 million. (Colombo/Apr19/2024)

Continue Reading