ගෝල්ඩන් ක්රෙඩිට් අර්බුදයෙන් රට උගත යුතු පාඩම්
The Ceylinco crisis will hurt more than its owners — depositors’ lives are ruined and employees face losing their jobs, and the damage runs back into the economy. Golden Key took public deposits without registering with the Central Bank, which shows the rule of law is as absent in the private sector as anywhere else. Depositors were not uneducated people; they attended to the high interest rate and ignored the risk, never asking how a rate above the commercial banks could be paid at all. Ivan asks how a monthly package of 6.5 million rupees and six luxury vehicles can be called a salary, and whether those drawing it could not see whose flesh they were living on. When politicians plunder the state and eminent men in the private sector plunder their own depositors, the country has no good future. Golden Key attended to quantity and not quality — the same fault that has damaged tea and education.
ගෝල්ඩන් කී අර්බුදය
Golden Key Credit Card’s failure to pay interest on time has brought depositors to its door and shaken the whole Ceylinco group. The Central Bank has removed Seylan Bank’s board and placed it temporarily under Bank of Ceylon control. Golden Key took deposits and paid 30 per cent annual interest without being a registered financial business — funding those returns, it appears, by lending depositors’ money to Ceylinco property companies, which collapsed with the property market. Ten thousand depositors are owed some 25 billion rupees; the company’s eye hospital, teak plantation and Kirimandala Mawatha land cannot be liquidated quickly and would not cover it anyway. Ivan notes the chief administrative officer’s monthly package of 6.5 million rupees and six luxury vehicles, and argues such payments are extortion rather than salary. He divides depositors into three kinds, the third being people whose money could not safely be placed in a lawful institution.
2009 වසර හා දේශපාලන අංක ගණිතය
Ivan opens 2009 expecting the global collapse to hit Sri Lanka hard. The year begins with the Golden Key crisis dragging the rest of Ceylinco’s finance companies down, tea, cinnamon and rubber in unprecedented difficulty, and smallholders who once earned well unable to live. War spending for 2009 is 177 billion rupees, and the country must fight through an economic crisis it cannot abandon the war to escape. At Kilinochchi the army advances slowly through bunds, trenches and traps, its target the LTTE’s war machine rather than territory. Meanwhile a run of court rulings against the government, above all on fuel prices, had trapped it politically — until it escaped by cutting fuel, gas and official expenses in one package worth 16 billion rupees, and put the opposition on the defensive instead. Ranil is the better mathematician; Mahinda is the better political arithmetician.
ගෘහ සේවය වෙනුවට හෙද සේවය
Training nurses rather than exporting housemaids is the best thing the health minister has done, Ivan writes, and Ravaya argued for it as far back as 1994. Nursing is respected here, pays several times what domestic service abroad pays, and Kerala and the Philippines have built industries on it — and the same case can be made for masons, carpenters, welders, tilers and electricians.
GSP+
The country faces losing the European tariff concession its garment exports depend on, and the political argument about it is being conducted without knowledge of the subject. Ivan explains what the concession is, what it is worth, why the crisis arose, how the conditions are being interpreted, and why a foreign policy still shaped by Cold War loyalties cannot handle it.
සහල් අර්බුදය
Rice disappeared from the market as soon as a controlled price was set. Ivan explains why — no paddy left in the marketing board, buying entirely through private traders, and no reason for a miller to sell below what he paid — adds the floods and the export restrictions in the rice-growing countries, and argues the moment is an opening for agriculture rather than only a shortage.
ජීවන වියදම් ගින්නෙන් දැවෙන ජනතාව
Ivan lays out the year’s price rises item by item from the agriculture department’s own figures — red raw rice from 39.34 rupees a kilo to over 70, samba to over 80, a coconut from 19 to 45, dhal from 86.48 to 160 — and asks what relief the government intends. His answers are practical: put uncultivated land to use, encourage home gardens, control crop damage by monkeys, and find something for those living on wages alone.
ඇඟලුම් කර්මාන්තය ආරක්ෂා කරගැනීම ජාතික වගකීමකි
Germany’s warning that the GSP+ concession could be withdrawn if the country does not meet the conditions it signed up to should be taken seriously, Ivan writes, and not enjoyed by the opposition as damage to the government. Garments drive the economy and employ village women; protecting the concession is the country’s responsibility, and if we have done wrong the answer is to put it right without delay.
රට තීරණාත්මක තැනක
Ivan puts the decisions facing the country as a numbered list: whether to keep the All Party Representative Committee going and produce a settlement, whether to protect the European trade concession the garment industry depends on, and what the UNP is for if it will not take a far-sighted position on either.
2008 ආණ්ඩුවට තීරණාත්මකය
Opening the 2008 columns, Ivan reads the year ahead as the test of the Rajapaksa administration. The military advantage over the LTTE is its strongest asset and simultaneously its greatest liability — it strengthens the government’s standing while eroding the rule of law, its human rights standing and the household economy, and the tax structure it has built cannot absorb any of that.