يحاول ذهب - حر
Electoral reactivation of provincial councils is an urgent systemic imperative
October 23, 2025
|Daily FT
MY late friend and comrade Kethesh Loganathan, son of a famous banker, a Georgetown alumnus, theoretician of the Marxist-led EPRLF and finally, Deputy Head of the Peace Secretariat (SCOPP) who was assassinated by the LTTE when answering his doorbell, named his book ‘Lost Opportunities’, because that’s what he saw as the key motif of the Sri Lankan tragedy.
I think of it as ‘Wrong Choices’ (or ‘turnings’) but there isn’t much difference—wrong choices/turnings result in lost opportunities.
Sri Lanka is undergoing precisely such a moment. It is the third in the tenure of the AKD-led JVP-NPP administration. The first lost opportunity is in economics. The second, in diplomacy. The third, not quite lost yet, is in politics.
The lost economic opportunity was the chance to leverage the global coverage of the Aragalaya, international intellectual sympathy regarding Sri Lanka’s debt trap, the first ever Left government, and the counterbalance of multipolarity in world affairs (BRICS, SCO), to negotiate a better debt repayment deal. The criminal folly was not that of embarking on an IMF program as such but of continuing with this present IMF program without any effort at renegotiation, and worse still, completely surrendering to the foreign private creditors.
I cannot help but smile wryly when I read ‘radical’ critiques of the IMF’s Sri Lanka policy which (rightly) condemn ‘Wickremesinghe-Rajapaksa’ but are so intellectually pusillanimous as to refrain from a single mention of AKD or the JVP-NPP, leaving an uninformed outsider to guess who wielded state power from Sept 2024. President Dissanayake chose to pass up the opportunity of engaging in tough yet skilful ‘trade union type’ negotiation with the IMF and private foreign creditors, thereby caging Sri Lanka, its people and his own administration within very narrow parameters.
The lost diplomatic opportunity was opting not to attend the BRICS and SCO summits.
The almost-lost political opportunity is that President AKD has chosen so far, not to use his two-thirds majority in Parliament to drill-through the obstacle blocking Provincial Council elections.
Litany of lost opportunities
هذه القصة من طبعة October 23, 2025 من Daily FT.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Daily FT
Daily FT
CSE ends week 4.7% on the up, extends rally to fifth session
Regains Rs. 320 b in value, nearly 76% of amount wiped out the previous week
1 mins
December 13, 2025
Daily FT
Vidullanka and WindForce get 100 MW Mullikulum wind power project
IN line with the Government's longterm strategy to generate 70% of the country's electricity from renewable sources by 2030, the Cabinet of Ministers on Wednesday approved awarding the contracts for the Mullikulum Wind Power Project, totalling 100 MW to two entities - a consortium of Vidullanka PLC and David Pieris Motor
1 min
December 13, 2025
Daily FT
SSC on course to win outright against Galle CC
Tier B 3-day tournament
2 mins
December 13, 2025
Daily FT
The Golden Mirage: A dazzling fantasy at City of Dreams Sri Lanka
CITY of Dreams Sri Lanka unveiled The Golden Mirage in a spectacular celebration of luxury, culture, and world-class entertainment recently.
1 min
December 13, 2025
Daily FT
New ground and warehouse service contracts for SriLankan Airlines at Frankfurt Airport
THE Cabinet of Ministers this week approved new contracts for SriLankan Airlines Ltd.'s operations at Frankfurt Airport, Germany, following the scheduled conclusion of existing service agreements.
1 min
December 13, 2025
Daily FT
Govt. to re-tender Kollupitiya land for mixed development after cancelled lease
THE Cabinet of Ministers has approved a fresh call for investment proposals to lease a prime block of land in Perahera Mawatha, Colombo 3, following the cancellation of a previous lease agreement due to the investor's failure to meet contractual obligations.
1 min
December 13, 2025
Daily FT
Govt. revises annual liquor licence, one-time entry fees up to Rs. 25 m
THE Government has moved to restructure excise licensing charges, with the Finance Ministry issuing Excise Notification No. 03/2025 setting out a revised fee regime.
1 min
December 13, 2025
Daily FT
Govt. Committed to boosting trade competitiveness: Prime Minister
Addressing 27th Presidential Export Awards, the PM reiterates Govt. intends to streamline trade facilitation, Customs processes, and investment approvals Says progress depends not merely on policies or administration, but on the ability to produce, to create value, and compete internationally Assures Govt. taking steps to support exporters hit by Ditwa
3 mins
December 13, 2025
Daily FT
Of bull-eating Veddahs, curious bears and human mind that controls all
AUTHORED by Venerable Thambugala Anandasiri Thero in the Sinhala language, the English translation of the book 'Twenty Five Years of Life in the jungle' is by Kamala Rajapakse, printed and published by Dayawanse Jayakody and Company - Printers.
8 mins
December 13, 2025
Daily FT
Sri Lanka to launch $ 2.66 m Natural Capital Valuation Project for coastal and marine ecosystems
THE Cabinet of Ministers on Wednesday approved the implementation of a new environmental conservation initiative funded through a $ 2.66 million grant from the Global Environment Facility (GEF), aimed at formally assessing and integrating the natural capital value of Sri Lanka's coastal and marine ecosystems into national development planning.
1 min
December 13, 2025
Listen
Translate
Change font size
