Ga onbeperkt met Magzter GOLD

Ga onbeperkt met Magzter GOLD

Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts

$149.99
 
$74.99/Jaar

Poging GOUD - Vrij

Accountability inspired by rule of law: NPP’s path to inclusive growth

Daily FT

|

March 25, 2025

RECENT revelations of the many instances of the abuse of power and privilege, the lack of transparency and the lack of accountability of national and political leaders in Sri Lanka range from the trivial to the significant.

- By Ronnie Peiris

Accountability inspired by rule of law: NPP’s path to inclusive growth

From the price of meals in the parliamentary canteen, disbursements from the President’s Fund to ‘select’ parliamentarians and the ease with which they were made to them relative to the hassles which other applicants have to endure, the extravagant compensation paid to parliamentarians whose houses were damaged in arson attacks at time of the ‘Aragalaya’ and unrecovered Samurdhi funds to the significant delays and cost increases of the phase 1 of the Central Expressway, gross negligence and possible fraud in purchase of medicines, irresponsible expenditure on foreign travel by ex-presidents and unconscionable ‘over the top’ perquisites to former presidents, the list is unending. While noting that all of these have been funded by the country’s few taxpayers, it is the background against which these took place which makes them so ‘stomach churning’, distasteful and unacceptable.

As we all know, most of the citizens in Sri Lanka have been struggling to make ends meet in the recent past. In such circumstances, the citizens would rightfully expect their national and political leaders to be more conscious about State borne expenditure. However, as evidenced by the facts, the reality on the ground has been far from our expectations. The facts which have emerged, and are emerging, out of the woodwork confirm that a good number of Sri Lanka’s national leaders and parliamentarians have been aboard a ‘gravy train’ of privileges and have been making merry while the common man and woman were drowning in a sea of strife and pain. Over the last five decades, Sri Lanka has suffered from the unfettered authority of political leaders and from an extraordinary deficit of accountability, transparency, empathy and moral consciousness, a deficit which if unaddressed by the ruling National People’s Power (NPP) Government will drag the country into a deeper quagmire.

MEER VERHALEN VAN Daily FT

Daily FT

Nick Faldo Junior European Final: Kaya tied on top position

SRI Lanka’s rising golf talents Kaya Daluwatte was tied on top position while Reshan Algama was tied on fifth position end of Day 2 at the Nick Faldo Junior European Final played at the Al Ain Equestrian, Shooting and Golf Club.

time to read

1 min

November 21, 2025

Daily FT

Daily FT

Doola River Edge celebrates spirit of season with festive cake-mixing ceremony 2025

DOOLA River Edge, Udawalawa, ushered in the festive season with its annual Christmas Cake-Mixing Ceremony, a cherished tradition symbolising unity, joy, and togetherness.

time to read

1 min

November 21, 2025

Daily FT

Daily FT

ITC Ratnadipa presents 'An Italian Affair' in partnership with Italian Embassy, Sri Lanka

ITC Ratnadipa, Colombo in collaboration with the Embassy of Italy in Sri Lanka will host 'An Italian Affair,' a week-long celebration of authentic Italian cuisine from 24-30 November 2025.

time to read

1 mins

November 21, 2025

Daily FT

Daily FT

JXG reports solid Rs. 3.4 b profit in 1H

JXG (Janashakthi Group) yesterday announced consolidated results for the first half of the financial year 2026 (1H FY26), ended 30 September, demonstrating solid momentum in profitability and strong growth across key financial and operational metrics.

time to read

2 mins

November 21, 2025

Daily FT

CSE closes on the up, recovers from five-session slump

THE Colombo stock market closed in green yesterday, recovering from a five-session decline on heightened buying interest.

time to read

1 mins

November 21, 2025

Daily FT

Daily FT

Solo traveller Molly praises Sri Lanka’s response after harassment incident goes viral

Describes Sri Lanka as amazing for solo female travellers

time to read

2 mins

November 21, 2025

Daily FT

High-powered CEO Forum to lead discussions at IBSL's National Banking and Finance Conference 2025

THE Institute of Bankers of Sri Lanka (IBSL) is gearing up for the National Banking and Finance Conference 2025, a landmark event on 1 and 2 December which will bring together key leaders from across the country's banking and financial sector to discuss the future of banking in an era defined by rapid technological change.

time to read

1 mins

November 21, 2025

Daily FT

Daily FT

Sri Lanka’s elephants in peril and the fight for survival

SRI Lanka’s elephants, long revered as cultural icons and ecological guardians, are facing one of the most serious declines in their recorded history. Once numbering well over 12,000 in the early 20th century, the population has now dwindled to between 6,000 and 7,000 individuals.

time to read

3 mins

November 21, 2025

Daily FT

Daily FT

Secondary Bond market continues to consolidate

THE secondary Bond market yesterday overall saw yields continue to consolidate for third consecutive session.

time to read

1 mins

November 21, 2025

Daily FT

Daily FT

Sri Lanka's Interest-Rate trap

Sri Lanka is experiencing its worst economic crisis since gaining independence in 1948. After defaulting on its external debt in 2022, the government was forced to impose severe austerity measures in exchange for a loan from the International Monetary Fund. As a result, the poverty rate remains alarmingly high, reaching 24.5% in 2024, up from 11.3% in 2019, while real per capita GDP is not expected to return to its 2018 level until 2026. The country is losing a generation to malnutrition, high youth unemployment, and educational losses as school-dropout rates climb.

time to read

3 mins

November 21, 2025

Listen

Translate

Share

-
+

Change font size