Below is what I planned to say when introducing a panel on foreign policy for national development at the Lakshman Kadiragamar Institute on the 29th of June. Given time constraints, I did not say it all, but it reflects what I did say. Sri Lanka is like Greater Mumbai. Our small size as well as our location define our position in the world and determine our foreign policy. As we become wealthier as a country and as individuals, much of our consumption is of foreign made goods.
The government predicted rainfall more than 150 mm on the 25th of May. Over 500 mm of rain fell. Technically, they were not wrong (550 mm is within the range of “more than 150 mm”), but obviously, forecasts like this might as well not be made. [an error was corrected in the above para] But it is wrong to condemn the Met Department which operates even without Doppler radar, though they have been talking about it since 2012. But as discussed below, Doppler radar is old and can only tell about large rain drops.
Unusual discussion Usually, what gets discussed on TV talk shows are big political issues. Somewhat unusually, the Derana Aluth Parlimenthuva Program focused on economic issues yesterday. My expectation was that it would be on the big news stories: oil tanks, India, growth rates, etc. I talked about the recently gained GSP Plus concession. This allows Sri Lankan firms to export some 6000 products into the EU, duty free.
The ill-considered proposal in the 2017 Budget to compel all e commerce transactions to be conducted over a yet-to-be-designed government platform has come up for discussion again. Lahiru Pathmalal, CEO of Takas, one of the Sri Lanka’s more visible e-commerce businesses had this to say to the Sunday Times: “What is ideal is a tax holiday for e-commerce/tech related business that makes heavy investments into growth,” he said. “There has been discussion in regard to travel related booking engines being taxed such as AirBNB and Bookings.com. I believe taxing of booking engines is be ill timed,” he claimed.