An Echelon Media Company
Monday April 22nd, 2024

Minister to propose military training for all Sri Lankans over 18

ECONOMYNEXT – Sri Lanka’s Public Security Minister Rear Admiral Sarath Weerasekara will submit to parliament a proposal to provide military training for all citizens over 18 years of age, the minister said today.

Weerasekara told the privately owned Sirasa TV this morning that the objective of his proposal is to use military training for  personality development and to create a law abiding society.

“Nobody should fear the idea of military training. It’s with military training that a man can learn to stand up straight and look a person in the eye. It builds personality, and instills leadership qualities, respect for the law, discipline, and a sense of responsibility. These are the expected outcomes. Nobody should be apprehensive of it,” he said.

The minister said the proposal is to mandate military training for “young people”, both male and female, but did not specify an upper age limit.

“It is with such training that we may be able to build a law abiding society,” he added.

(Colombo/Jan18/2021)

Comments (9)

Your email address will not be published.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

  1. Renu says:

    Better if he said like the brother to become monks

  2. JADE says:

    It may work in THEORY in Sri Lanka , this is the beginning of an era of mistakes and we’ll end up having mafia gangs with lots of guns and excellent training in using them. Sri Lanka cannot be tamed in this way , only more aroused by the sense of weapons being handed out right after the age of 18 or this is just another excuse to get teens who have completed or waiting for AL results and since they can only take a limited number of students into the universities , they would be enlisted in forces. A weak move if this is enforced. It involves risk , who knows , it may result in law abiding citizens, or more organized crime with the access to weapons.

  3. Citizen says:

    Excellent!!

  4. Mahesh rajakaruna says:

    හමුදාා පුහුනුව මගිිිින් කවදාවත් විනය ගරුක සමාජයක් බිහිකිරීමට නොහැකියි ඔබතුමා විනයගරුක වුනාට හැමෝම එහෙම වෙන්නේ නැහැ.ඊට වඩා හොඳයි තාවකාලික පැවිද්ද.එයින් අඩුම තරමේ ලජ්ජා බය දෙකම නැති කරගන්න පුලුවන්. මේවාට කියන්නේ දේවධර්ම කියලා

    1. Samitha says:

      Controversial decision!.
      Some countries have done it and some still do.For most it didn’t get the expected outcome but can’t say how it ll be implemented and carried out in SL.
      To begin with to make it mandatory to all without the influence of exception to some will be an hurdle like no other.

  5. Jojo says:

    Military training should be given to cabinet ministers not to the general public….stupid concept

  6. Aravinda says:

    Better to do it for our honourable parliamentarians first..

  7. Edward Prasanna says:

    Hope the food provided during the military training from our tax money because most of the youngsters are starving.

  8. Hiran De Silva says:

    Best thing that could happen. All developed countries followed this path. At least start the leadership training for University entrants from this year.

View all comments (9)

Comments (9)

Cancel reply

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

  1. Renu says:

    Better if he said like the brother to become monks

  2. JADE says:

    It may work in THEORY in Sri Lanka , this is the beginning of an era of mistakes and we’ll end up having mafia gangs with lots of guns and excellent training in using them. Sri Lanka cannot be tamed in this way , only more aroused by the sense of weapons being handed out right after the age of 18 or this is just another excuse to get teens who have completed or waiting for AL results and since they can only take a limited number of students into the universities , they would be enlisted in forces. A weak move if this is enforced. It involves risk , who knows , it may result in law abiding citizens, or more organized crime with the access to weapons.

  3. Citizen says:

    Excellent!!

  4. Mahesh rajakaruna says:

    හමුදාා පුහුනුව මගිිිින් කවදාවත් විනය ගරුක සමාජයක් බිහිකිරීමට නොහැකියි ඔබතුමා විනයගරුක වුනාට හැමෝම එහෙම වෙන්නේ නැහැ.ඊට වඩා හොඳයි තාවකාලික පැවිද්ද.එයින් අඩුම තරමේ ලජ්ජා බය දෙකම නැති කරගන්න පුලුවන්. මේවාට කියන්නේ දේවධර්ම කියලා

    1. Samitha says:

      Controversial decision!.
      Some countries have done it and some still do.For most it didn’t get the expected outcome but can’t say how it ll be implemented and carried out in SL.
      To begin with to make it mandatory to all without the influence of exception to some will be an hurdle like no other.

  5. Jojo says:

    Military training should be given to cabinet ministers not to the general public….stupid concept

  6. Aravinda says:

    Better to do it for our honourable parliamentarians first..

  7. Edward Prasanna says:

    Hope the food provided during the military training from our tax money because most of the youngsters are starving.

  8. Hiran De Silva says:

    Best thing that could happen. All developed countries followed this path. At least start the leadership training for University entrants from this year.

IMF official: Sri Lanka’s road ahead is challenging, critical to keep up with reform momentum

ECONOMYNEXT –International Monetary Fund’s First Deputy Managing Director Gita Gopinath said Sri Lanka’s future with many reforms are challenging, but it is critical to keep up with the reform momentum.

Gopinath stated this after meeting the island nation’s State Finance Minister Shehan Semasinghe Central Bank Governor Nandalal Weerasinghe, and Treasury Secretary Mahinda Siriwardena on the sideline of the IMF/World Bank Spring Meetings in Washington.

“I commended them on hard-won economic gains in the past year. The road ahead is challenging and it’s critical to keep up with the reform momentum,” Gopinath wrote on her X platform.

Under IMF programme, President Ranil Wickremesinghe has implemented a raft of hard reforms including higher taxes.

Sri Lanka agreed to the IMF programme after it declared bankruptcy with sovereign debt default in April 2022.

Semasinghe after the meeting tanks Gopinath for acknowledging Sri Lanka’s economic progress.

“Our discussion was insightful and productive, and we appreciate the opportunity to delve into the challenges and opportunities ahead,” the State Finance minister said in his X platform.

“We remain steadfast in our commitment to our reform agenda and eagerly anticipate continued collaboration with the IMF to advance our shared goals.”

Sri Lanka was compelled to go for IMF after the unprecedented economic crisis which was followed by a political crisis that ousted former president Gotabaya Rajapaksa and his government who were legitimately elected.

The IMF programme has included reforms in state-owned enterprises, fiscal sector and financial sectors to ensure debt sustainability.

The global lender also has pledged its support to speed up the island nation’s lingering debt restructuring process with private creditors including sovereign bond holders. (Colombo/April 22/2021)

Continue Reading

Sri Lanka motor racing crash claims 7 lives, 4 critical

ECONOMYNEXT – A deadly accident at motor Race Sri Lanka’s hill country town of Diyathalawa has claimed at least 7 lives police said, after a racing vehicle, in the seasonal Fox Hill Super Cross ploughed in to spectators after running off the track.

Another 21 spectators were injured Sunday, and hospitalized and at least four were critical, police said.

Thousands of people come to watch the Fox Hill Super Cross race, which is usually held in April, as large numbers of people head to the cooler climes in the hills.

According to footage taken by spectators one car overturned on the side of the track.

Sri Lanka’s Newsfirst television said Marshalls were waving flags to caution other vehicles, when another car went off the track and crashed into spectators. (Colombo/April21/2024)

Continue Reading

Widespread support for Sri Lanka debt workout, reform progress at IMF/WB meet: Minister

ECONOMYNEXT – There was widespread support for Sri Lanka’s debt restructuring and acknowledgement of progress made under an International Monetary Fund program, at meeting of the fund and World Bank, State Minister for Finance Shehan Semasinghe said.

“The strides made in our economic recovery and financial stability have been acknowledged as significant advancements towards our country’s prosperity by our stakeholders and international partners,” Minister Semasinghe said in an x.com (twitter) post after attending the meetings.

“Further, it was heartening to note the widespread appreciation and support for Sri Lanka’s debt restructuring process.

“We remain steadfast in our commitment to reaching the restructuring targets and confident of smooth progress in the continued good-faith engagements for a speedy debt resolution that will ensure debt sustainability and comparability of debt treatment.”

Sri Lanka ended a first round of talks with sovereign bondholders in March without striking a deal but some agreement on the basis for a deal.

An initial deal with bilateral creditors have been reached, but they may be awaiting a deal with private creditors to sign formal agreements.

International partners have appreciated reforms made under President Ranil Wickremesinghe, Minister Semasinghe said.

“It was great to engage in productive bilateral discussions with all of whom appreciated the recent economic developments, progress in debt restructuring, strengthening of tax administration, and ongoing governance reforms,” he said.

Sri Lanka’s rupee has been allowed to re-appreciate by the central bank amid deflationary monetary policy, bringing tangible benefits to people in the form of lower energy and food prices, unlike in past IMF programs.

Electricity prices were cut as a strengthening currency helped reduce the cost of coal imports.

Related Sri Lanka central bank mainly responsible for electricity price cut

The currency appreciation has also allowed losses to the Employment Provident Fund imposed to be partially recouped, helping old workers near retirement, as well as raising disposable incomes of current wage earners on fixed salaries.

Related Sri Lanka EPF gets US$1.85bn in value back as central bank strengthens rupee

The IMF, which was set up after World War II to end devaluations seen in the 1930s after the Fed’s policy rate infected other key central banks, started to actively encourage depreciation after a change to its founding articles in 1978 (the Second Amendment).

The usefulness of money as a store of value, or a denominator of current and future values then decline, leading to loss of real savings, real wages and increases in social unrest.

Before that, members who devalued more than 10 percent after printing money for growth or any other reason, faced the threat of suspension from the organization as punishment.

Sri Lanka’s rupee has appreciated to around 300 to the US dollar now from 370 after a surrender rule was lifted in March 2023.

But there is no transparency on the basis that economic bureaucrats are allowing the currency to gain against the US dollar (the intervention currency of the central bank).

The rupee is currently under pressure, despite broadly prudent monetary policy, due to an ‘oversold position’ in the market after recent appreciation made importers and banks to run negative open positions as the usefulness of the currency as a denominator of future value declined with sudden strenghtening. (Colombo/Apr21/2024)

Continue Reading