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Monday December 5th, 2022

Sri Lanka opposition calls for legal action, sacking, of prisons minister

ECONOMYNEXT – Sri Lanka’s opposition Tamil National Alliance (TNA) has called for State Minister of Prison Management Lohan Ratwatte to be sacked and charged over allegations of entering and threatening inmates of a prison.

Tamil National People’s Front (TNPF) MP Gajen Ponnambalam first made the allegation on Twitter on Tuesday (14) when he claimed the “state minister for prisons” had “gone to the Anuradhapura prisons, summoned the Tamil political prisoners and had got two of them to kneel in front of him.”

“The State Minister had then pointed his personal firearm at them and had threatened to kill them on the spot,” the MP claimed.

The TNA called for an immediate inquiry to be followed by charges filed against the state minister.

Opposition leader Sajith Premadasa has also called for removal of a “government minister” following the incident at the Prison.

“I vehemently condemn the disgraceful and illegal behaviour of a government minister at the Anuradhapura Prison Complex. This disgusting, unlawful act amply exemplifies the anarchical situation that exists in our country,” he tweeted.

“It is incumbent upon this government to protect the human rights of all citizens of our motherland. This unlawful and despicable act is a further illustration of the precipitous decline in the present human rights situation in our country,” he added.

There was no immediate comment from Minister Ratwatte. Nor was he available for comment.

The state minister’s alleged actions come as Sri Lanka’s human rights record is being scrutinised at the ongoing 48th session of the United Nations Human Rights Council (UNHRC).

UN High Commissioner for Human Rights Michelle Bachelet had on Monday (13) raised concerns over Sri Lanka’s conduct in addressing past alleged human rights violations. Bachelet said her office has begun to implement the accountability-related aspects of the March resolution 46/1 – a move flatly rejected by the Sri Lankan government.

Related: UN rights boss unhappy over Sri Lanka’s attempts at addressing alleged abuses

United Nations Resident Coordinator in Sri Lanka Hanaa Singer-Hamdy tweeted that the State is obligated to protect the rights of prisoners.

The Tamil prisoners, reportedly ex-combatants of the separatist Tamil Tigers, who were allegedly threatened by the state minister had been detained under provisions in the Prevention of Terrorism Act (PTA), a piece of legislation that the UNHRC and other international oganisations have been increasingly critical of.

MP Ponnambalam said Tamil political prisoners are “already traumatised for being held in detention under one of the most draconian pieces of legislation known to the world, the PTA.”

Former Sri Lanka Human Rights Commissioner Ambika Satkunanathan, meanwhile, said persons held under the PTA are vulnerable to discrimination, harassment or violence in prison.

Citing inmate accounts, Satkunanathan said policies and actions of the government of the day impact how guards other prisoners treat them.

(Colombo/Sep15/2021)

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Paris Club proposes 10-year moratorium on Sri Lanka debt, 15 years of debt restructuring

ECONOMYNEXT — The Paris Club group of creditor nations has proposed a 10-year debt moratorium on Sri Lankan debt and 15 years of debt restructuring as a formula to resolve the island nation’s prevailing currency crisis, India’s The Hindustan Times reported.

While the Paris Club has yet to formally reach out to India and China, Colombo has yet to initiate a formal dialogue with the Xi Jinping regime, the newspaper reported on Saturday December 03, inferring that the chances of the International Monetary Fund (IMF) approving its 2.9 billion dollar extended fund facility for Sri Lanka in December now ranges from very low to nonexistent.

“This means that Sri Lanka will have to wait for the March IMF meeting of the IMF before any aid is extended by the Bretton Woods institution,” the newspaper reported.

“Fact is that for Sri Lanka to revive, creditors will have to take a huge hair cut with Paris Club clearly hinting that global south should also take the same cut as global north notwithstanding the inequitable distribution of wealth. In the meantime, as Colombo is still to get its act together and initiate a dialogue and debt reconciliation with China, it will need bridge funding to sustain the next three month before the IMF executive board meeting in March 2023. Clearly, things will get much worse for Sri Lanka before they get any better—both economically and politically,” the report said. (Colombo/Dec04/2022)

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Sri Lanka’s Ceylon tea prices up amid low volumes

ECONOMYNEXT – Sri Lanka tea prices picked up at the last auction in November amid low volumes, brokers said.

“Auction offerings continued to record a further decline and totalled 4.2 million Kilograms, of which Ex-Estate offerings comprised of 0.6 million Kilograms. There was good demand,” Forbes and Walker Tea brokers said.

“In the Ex-Estate catalogues, overall quality of teas showed no appreciable change. Here again, there was good demand in the backdrop of extremely low volumes.”

High Growns

BOP Best Westerns were firm to 50 rupees per kg dearer. Below best and plainer types were Rs.50/- per kg easier on last.

Nuwara Eliya’s were firm.

BOPF Best Westerns were firm to selectively dearer. Below best and plainer teas declined by 50 rupees per kg.

Uva/Uda Pussellawas’ were generally firm and price variances were often reflective of quality with the exception of Select Best Uva BOPF’s which were firm and up to 50 rupees per kilogram dearer.

CTC teas, in general, were mostly firm.

“Most regular buyers were active, with perhaps a slightly more forceful trend from the local trade,” brokers said.

Corresponding OP1’s met with improved demand. Well-made OP/OPA’s in general were fully firm, whilst the Below Best varieties and poorer sorts met with improved demand. PEK/PEK1’s, in general, were fully firm to selectively dearer.

In the Tippy catalogues, well-made FBOP/FF1’s sold around last levels, whilst the cleaner Below Best and cleaner teas at the bottom appreciated. Balance too were dearer to a lesser extent.

In the Premium catalogues, very Tippy teas continued to attract good demand. Best were firm to selectively dearer, whilst the Below Best and cleaner teas at the bottom appreciated

Low Growns

Low Growns comprised 1.8 million Kilograms. Market met with improved demand, in general.

In the Leafy & Semi Leafy catalogues, select Best BOP1/OP1’s were fully firm, whilst the Below Best/bolder BOP1’s were barely steady.

Low-grown teas, farmed mainly by smallholders and exported to the Middle East and Central Asia, are the most sought-after and expensive Ceylon Teas.

Low-grown CTC prices have gained this week to 982.80 per kilogram this week from 934.76 per kilogram last week.

Few Select best BOP1s maintained, whilst best and below best were irregularly lower. Poorer types maintained.

BOPF’s in general, firm market.

FBOPF/FBOPF1’s select best and best increased in value, whilst the below best and bottom held firm.

Selected best BOP1’s maintained, whilst best and below best were irregularly lower.Poorer types maintained.

OP1’s selects best together with best and below best were firm to dearer. Poorer sorts were fully firm.

Medium Growns

BOPF’s, select best gained by 50 rupees per kilogram. Others maintained.

BOP1’s select best dearer by 100 rupees per kg whilst all others moved up by 50 rupees per kg.

OP1: select best gained by 100 rupees per kg whilst all others dearer by 100 rupees per kg.

OP/OPA’s in general, dearer by 50 rupees per kg whilst the poorer sorts were firm.

PEK’s Select best gained by 50 rupees per kg whilst all others maintained. PEK1: In general, dearer by 50 rupees per kg. (Colombo/Dec 04/2022)

 

 

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Sri Lanka Ports Authority East Terminal contractor paid: Minister

ECONOMYNEXT – Sri Lanka’s Ports Authority had paid a deposit for a gantry crane and made the required payment for the contractor to complete building the East Container Terminal, Minister Nimal Siripala De Silva said.

The East Container Terminal, a part of which is already built is being completed as a fully SLPA owned terminal at a cost of 480 million dollars Ports and Shipping Minister de Silva said.

“ECT we are funding with money available in the ports authority,” he said.

“Up to now we have paid an advance for the gantry crane. And for the construction we have paid all the money agreed with the contractor. So that is going on well.”

Sri Lanka is undergoing the worst currency crisis in the history of the island’s soft-pegged (flexible exchange rate) central bank which has created difficulties in funding the project.

“Every penny we collect as dollars we are keeping them separately and utilizing that for the Eastern Terminal work,” Minister de Silva said.

“We are confident that the ECT will be completed within the envisaged time. It is a difficult task in view of the dollar problem.

Banks were also not releasing the dollar deposits of the SLPA earlier but are now doing so, he said.

“Our deposits in banks they have utilized for urgent other national purposes,” he said.

“So they are releasing that money slowly. I am happy that they are releasing that money little by little. So with that we will be able to manage that.”

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