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If the Trinco oil tanks were given to India then, we’d have fuel now – President

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President Ranil Wickremesinghe said that the Trincomalee District Strategic Development Plan is not targeting elections, but a project that has been initiated to benefit future generations.
The President said that Sri Lanka values India’s assistance in implementing the Trincomalee district development project, as our closest neighbour.

He made this statement by joining the special discussion on the Trincomalee District Development Plan, held on Friday (14) at the grounds of Trincomalee Orr’s Hill.

He recollected the objections raised when the Trincomalee oil tanks were to be handed over to India, adding that the country would not have faced a fuel crisis if the decision to provide the oil tanks had received the green light to be fully implemented.
 
Prior to the commencement of the discussion, President Wickremesinghe inspected several places proposed to be developed under the Trincomalee District Development Plan.

The President was able to view the locations proposed under the Trincomalee District Development Plan from the Orr’s Hill vantage point.
Further, following the discussion, the President also inspected the proposed project to develop the beach and recreation facilities near the Trincomalee Gandhi Roundabout, as a tourist attraction.

Meanwhile, the President also met a group of Trincomalee District regional journalists and had a cordial discussion.

 President Ranil Wickremesinghe, further commenting in the discussion regarding the Trincomalee District Development Plan said :

“We are not initiating this project targeting the next election, but for the benefit of the next generation. In 2023 we celebrate the 75th Anniversary of Independence. There are another 25 years left to complete 100 years of independence. This work must be done before that.

Therefore, let us cut down the 2018-2050 plans and work on achieving them between 2020-2048. We must make significant progress in this Eastern Province during that period. I don’t claim that it is a task that is achievable in the next five years. What we say is that it should commence. We must move on from there.

Back when Polonnaruwa was the capital, the Trincomalee port was a significant port. Back then, we were shown the Bay of Bengal map around Trincomalee. The Bay of Bengal region is still underdeveloped.

It will take another 10-15 years to achieve that development. Thailand’s development has yet to reach the Western Bay of Bengal region. It is yet to kick off in Myanmar. This development has just started in Bangladesh; accordingly, work is being done in Java and Sumatra. It will become a significant port only in the next 10-15 years. Our endeavour is to make Sri Lanka a strategic port.

The eastern port should be transformed into a deep water port. The Eastern Province plays an important role in naval affairs. The Eastern port should be made into a leading strategic port. That means we can carry out our own naval operations. By that time, I think our navy will have much larger vessels. It is important that we work together with India when we plan these activities because India is located much closer to us.

Currently, India is discussing several programs with Sri Lanka. Therefore, we have to continue with the work on the Sampur Power Plant. If there are objections to it, we will have no choice but to taken directly under the government and continue with the work. We inked the Trincomalee Port Agreement in 2003.

Many objections were raised by the unions since 2003 against the provision of the oil tanks to India. Had the Trincomalee oil tank farm been given to India, we would have had fuel; we would have neither had to stay in queues nor to resort to riots. These problems arose because of the shortage of fuel. If we had given the oil tank farm to India back then, there would not have been any problems today.
Such obstacles should not be allowed to transpire again. We should do this on behalf of the people of this area. I will submit this plan to the Parliament and have it endorsed. It should be done because, the governments could change, parliaments could change, but policies should remain the same.

So we are working to move forward without obstacles.
We are working with India on renewable energy with the aim of making Trincomalee an energy hub based on the existing relations between Trincomalee and India. With the development of renewable energy, value additions such as green hydrogen and green ammonia. Therefore, we need a port to export green hydrogen. As such the potential in Trincomalee should be taken into consideration.

When considering the North, North Central and Eastern provinces the Trincomalee port should be the central hub. Perhaps, in the future, this would pave a route to Singapore. There is immense potential for such improvement. We should make these developments considering  these aspects. We cannot limit the economic activities of this port solely to the Trincomalee District. This should be connected with the cities of Anuradhapura, Vavuniya and Dambulla. The districts of Wanni, Eastern and North Central are responsible for the bulk of agricultural production. If we are to export agricultural produce, this region should be the starting point.

Today we re-export wheat flour but we do not grow it here. Yet, we re-export it, which is done by Prima. Wheat flour is one of our main exports commodities. We import it and re-export it. There are other commodities that could also be exported and we should consider it.

India has agreed to develop industries in this province. Therefore, we should create an industrial zone. I have proposed a joint mechanism between India and Sri Lanka towards this endeavour. Then, the port will also be connected to it and we are planning to establish a joint task force for this purpose.

The President further stated that prior to seeking the opinions of this task force, we need to consider the economic situation. From the economic point of view, we have the tourism industry. In particular, there is the cultural triangle of Anuradhapura, Polonnaruwa, Dambulla which will attract more tourists to this region.

Although Trincomalee has an airport, it cannot accommodate large aircrafts. Therefore, we would have to upgrade Hingurakgoda or Vavuniya into an international airport. There is an opportunity to develop the tourism industry from Trincomalee to Batticaloa.”

In conclusion, the President highlighted the need to create a complete plan to develop the Eastern and Northern Provinces. Since Trincomalee is located between the north and the east, he also noted that a large part of Anuradhapaura and Polonnaruwa belongs to the Northern Province.

This joint program cannot be completed in 05 years but will take 20-25 years. It took 10 years to complete the Mahaweli Development Project. We hope to have preliminary discussions regarding this and brief the Cabinet prior to proceeding with the development initiatives.

Minister Nimal Siripala de Silva, State Minister Dilum Amunugama, Senior Presidential Adviser on National Security and Chief of Staff to the President  Sagala Ratnayake, Secretary to the President  Saman Ekanayake, Eastern Province Governor Mrs. Anuradha Yahampath and Trincomalee District Secretary, Eastern Province Chief Secretary, Governor’s Secretary and officials of line institutions  including Sri Lanka Ports Authority, Board of Investment, Urban Development Authority and Principal Planner-Designer of Surbana Jurong , Ketan Kulkarni, who provided advisory contribution in the formulation of the Trincomalee District Development Plan. Senior officials of the Tri- forces and the police of the Eastern Province also participated in this discussion.

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Rs. 20 Bn loan lifeline for SMEs

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The government has taken measures to implement a Rs.20 billion credit scheme to revive the micro, small and medium enterprise sector in Sri Lanka.  

Accordingly, the Cabinet of Ministers has granted its consent to the proposal forwarded by President Ranil Wickremesinghe in his capacity as the Finance, Economic Stabilization and National Policies Minister to implement a credit scheme to revive the micro, small and medium enterprise sector.

Speaking at the weekly Cabinet media briefing held yesterday at the Government Information Department, Cabinet Spokesman, Transport, Highways and Mass Media Minister Dr. Bandula Gunawardhana said the proposed Rs.20 billion will be spent on the entire project which has two components.

“Out of this, Rs.15 billion will be used to strengthen existing and new enterprises and the remaining amount of Rs.five billion will be used to support enterprises under the non-performing loan category.

A significant number of small and medium scale entrepreneurs involved in manufacturing, import, export, tourism, apparel and various other commercial operations have found it very difficult to continue running their enterprises as a result of the economic downturn and the impact of external factors beyond their control.

The Asian Development Bank has agreed to provide working capital support for the Small and Medium Enterprise sector as a relief. The proposed programme is intended to provide credit facilities to existing micro, small and medium scale enterprises for further expansion and recovery of their businesses through licensed commercial banks and licensed specialised banks at concessional interest rates.

(dailynews.lk)

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Bakery industry in crisis as bread and bun sales decline

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The All Ceylon Bakery Owners’ Association (ACBOA) has reported a significant drop of around 50% in the sales of cakes, bread, and buns in the local market. The association attributes this decline to the high manufacturing costs currently faced by the bakery industry.

According to the ACBOA, the costs of margarine and butter have surged to Rs. 1,000 and Rs. 3,000 per kilogram, respectively. Additionally, the association cited challenges in obtaining imported eggs from India, forcing them to purchase locally produced eggs at Rs. 60 each.

The chairman of the association expressed concerns about the impact these rising costs have on the bakery industry. In light of these challenges, the ACBOA is urging the government to provide concessions and work towards reducing the prices of essential ingredients before the upcoming Sinhala and Hindu New Year.

The association’s plea emphasizes the need for government support to help stabilize the bakery industry and ensure its sustainability amid the current economic challenges. Further updates on the situation and any government response will be monitored closely.

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Former Minister Ronnie de Mel no more

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Former Minister – Ronnie de Mel has passed away today (27) while being treated at a private hospital, reports say.

He was aged 99 years old.A former civil servant, he was the Minister of Finance from 1977 – 1988 under the United National Party government and holds the record for the largest number of budgets presented by a finance minister.

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