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Sunday June 16th, 2024

Sri Lanka’s Sabry summons Canadian HC on Trudeau’s “genocide” comment 

Mohamed Ali Sabry PC/Facebook

ECONOMYNEXT – Sri Lanka’s Foreign Minister Ali Sabry summoned the Canadian envoy to the Ministry on Friday and condemned the statement issued by the Canadian Prime Minister Justin Trudeau a day before, the Foreign Ministry said.

Prime Minister Trudeau said tens of thousands of Tamils lost their lives, including at the massacre in Mullivaikal, with many more missing, injured, or displaced and explained the reasons for the Canadian Parliament adopting the motion to make May 18 “Tamil Genocide Remembrance Day”.

“Minister Sabry stated that the politically motivated statement was divisive and was issued for domestic political consumption in Canada,” the Ministry said in a statement.

“Sri Lanka vehemently rejects this unsubstantiated allegation of ‘genocide’ relating to the country’s almost 3 decades of terrorist conflict perpetuated by the LTTE,” it said referring to the Liberation Tigers of Tamil Eelam (LTTE).

“He observed that the inaccurate and provocative allegations in the statement will lead to polarizing Sri Lankans at this particular juncture when the Government is working towards economic stability, peace and reconciliation for all.”

Sri Lanka’s successive governments have rejected the alleged war crimes and deliberately targeted unarmed civilians in the final phase of the 26-year war. Sri Lankan government forces have been alleged of indiscriminately killing civilians, mainly ethnic minority Tamils in a no fire zone the government announced earlier.

Minister Sabry emphasized that arbitrary and erroneous use of ‘genocide’ on Sri Lanka is driven by a small section of the politically motivated anti-Sri Lanka elements in the Diaspora with a separatist agenda.

“As a long-standing bilateral partner, Sri Lanka would urge the co-operation of the Canadian Government and encourage a mutually supportive relationship between the two countries, whilst constructively engaging the community of Sri Lankan heritage in Canada to work towards realizing our common objectives of inclusive development and sustainable peace.” (Colombo/May 20/2023)

Comments (4)

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  1. Rohan Herat says:

    I am a Sri Lankan Canadian living in the province of Alberta. what is Justin Trudeau talking about regarding genocide in Srilanka? How about what they have done to the indigenous people of Canada? look at the residential school system where thousands of first nations children were murdered. what is that called? He likes to preach to other nations but does not practice what he preaches. This is dirty politics. he is trying to pacify the huge Tamil population in the province of Ontario for their vote.

  2. Max says:

    You are just trying to make bowel gas sounds against Thunder! It’s far better to bend down low, get your head between your knees and try to kiss your condemnation goodbye.

  3. Karunasena Suriyabadara says:

    Mr Sabry is correct. Canada has been using Sri Lanka’s terrorist war for their narrow political gains. The statement made by the Canadian PM is erroneous. Take Australia as an example. They never used this for political gains even though there is a very large population with Sri Lankan origin.

  4. Bindu Kumaragay says:

    It is a very known story, this man, Justin, always tries to interfere with other countries’ internal affairs. He became the prime minister of Canada, because of his father(name)> Canada is a developed country, but this chap using third-world tactics to stay in power. Justin look after the true owners of your land. You behave like an idiot, sorry you are an IDIOT.

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Comments (4)

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

  1. Rohan Herat says:

    I am a Sri Lankan Canadian living in the province of Alberta. what is Justin Trudeau talking about regarding genocide in Srilanka? How about what they have done to the indigenous people of Canada? look at the residential school system where thousands of first nations children were murdered. what is that called? He likes to preach to other nations but does not practice what he preaches. This is dirty politics. he is trying to pacify the huge Tamil population in the province of Ontario for their vote.

  2. Max says:

    You are just trying to make bowel gas sounds against Thunder! It’s far better to bend down low, get your head between your knees and try to kiss your condemnation goodbye.

  3. Karunasena Suriyabadara says:

    Mr Sabry is correct. Canada has been using Sri Lanka’s terrorist war for their narrow political gains. The statement made by the Canadian PM is erroneous. Take Australia as an example. They never used this for political gains even though there is a very large population with Sri Lankan origin.

  4. Bindu Kumaragay says:

    It is a very known story, this man, Justin, always tries to interfere with other countries’ internal affairs. He became the prime minister of Canada, because of his father(name)> Canada is a developed country, but this chap using third-world tactics to stay in power. Justin look after the true owners of your land. You behave like an idiot, sorry you are an IDIOT.

Sri Lanka car import relaxing roadmap given to IMF: State Minister

ECONOMYNEXT – Sri Lanka has submitted a roadmap on relaxing vehicle imports to the International Monetary Fund, State Minister of Finance Ranjith Siymabalapitiya said as the country recovers from the worst currency crises in the history of its central bank.

The import relaxation will allow vehicles for public transport, goods transport, then motor cycles and cars use by private individuals and after that, luxury cars, Minister Siyambalapitiya said.

Luxury cars however attract the highest taxes for each dollar spent on imports.

Economic analysts have characterized vehicle import controls as a ‘cascading policy error’ that follows inflationary rate cuts, which then deprive taxes to the state and triggers more money printing and more forex shortages, requiring even higher corrective interest rates and a contraction of economic activities to save the rupee.

According to the latest IMF report car import controls may have led to revenue losses of 0.7 to 0.9 percent of GDP.

Sri Lanka started controlling imports few years after a central bank was set up in 1950 and also tightened exchange controls progressively, so that macroeconomists using post-1920 spurious monetary doctrines taught at Anglophone universities could print money through various mechanisms to suppress rates.

Sri Lanka is working with the IMF as a guide on many issues and the roadmap was submitted to the agency on June 14, Minister Siyambalapitiya said.

The IMF in an economic report released last week the plan was expected to be submitted by June 15.

Whatever the IMF’s faults, which some wags have called ‘progressive Saltwaterism’, the agency does not advocate import controls as solution to balance of payments problems, despite a Mercantilist fixation with the current account deficit in countries with reserve collecting central banks, analysts say.

Import controls have the same effect as import substation on the balance of payments, which is none, classical economists have pointed out and is now mainly a problem associated with macro economists and economic bureaucrats of so-called basket case countries.

Any pressure on the currency or missed reserves targets in the IMF program has come in the past only if the central bank printed money to suppress rates as credit growth picked up from car imports.

Sri Lanka had 3,000 items under import controls when rates were suppressed with printed money from 2020 to 2022 but eventually ended up with the worst currency crisis triggered by macro economists in the history of the country and eventual external default.

A committee made up of the Department of Trade and Fiscal Policy of the Finance Ministry, the Department of Registration of Motor Vehicles, the Central Bank and two associations representing vehicle imports were appointed to come up with the roadmap, he said. (Colombo/June15/2024)

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Chitrasiri Committee presents draft constitution for Sri Lanka Cricket

ECONOMYNEXT – A draft constitution for Sri Lanka Cricket, the governing body for cricket in the island, prepared by a committee headed by retired Supreme Court judge K T Chitrasiri, was presented to President Ranil Wickremesinghe today (15).

The Sri Lanka team were ignominiously knocked out of the Men’s T20 World Cup tournament this week, sparking renewed criticism of the team and the governing body.

Last November, a cabinet sub-committee was appointed to address challenges faced by Sri Lanka Cricket and provide recommendations after consecutive losses became a hot topic in parliament.

After parliament decided to remove the administrators of the sport, the International Cricket Council (ICC) Board suspended Sri Lanka Cricket’s membership.

Based on the sub-committee’s recommendations in its report, the Cabinet then appointed an expert committee to draft a new constitution for Sri Lanka Cricket.

The committee headed by judge K T Chitrasiri includes President’s Counsel Harsha Amarasekara, Attorney-at-Law Dr Aritha Wickramanayake and Chairman of the Sri Lanka Chamber of Commerce Duminda Hulangamuwa.

Deputy Solicitor General Manohara Jayasinghe, and Shamila Krishanthi, Assistant Draftsman representing the Legal Draftsman’s Department, and Loshini Peiris, Additional Secretary to the President were also on the committee. (Colombo/Jun14/2024)

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Sri Lanka’s Cable Solutions in Rs605mn IPO

ECONOMYNEXT – Sri Lanka’s Cable Solutions Limited will make an initial public offering of ordinary voting shares on the Diri Savi Board of the Colombo Stock Exchange (CSE).

The CSE had approved, in-principle, an application submitted by the company, for the listing of its ordinary voting shares by way of an offer for subscription and an offer for sale.

For subscription, 14,666,600 shares would be offered at 7.50 rupees a share.

For sale, 66,120,000 shares would be offered at 7.50 rupees a share.

The opening of subscription list is July 23. Copies of the prospectus would be made available to trading participants on July 9. (Colombo/Jun15/2024)

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