Friday, January 13, 2017

Ceylon Today Editorial

Right thoughts matter more than talent

14 January 2017

Sri Lanka is abundant with cricketers from what you see when travelling around the country, especially during school holidays.

The call for cricketers from the outstations to be a part of the game at national level has been echoing for a long period now. In its early days of a possible first appearance internationally, the call grew louder. But it was the lone voice of Abu Fuard with that calling out for the inclusion of outstation players in teams of Colombo clubs. He was vehement of giving the outstation cricketer better accommodation for the purpose of playing the game in Colombo. This was at a time when most first class cricket was only played in the clubs that were Colombo based.

Clubs such as the NCC, Bloomfield ACC, Tamil Union ACC, SSC, Moors SC, Colts CC, BRC, CCC, and Saracens were the top clubs playing cricket then. All these clubs were in Colombo and played in 'Sara Trophy' the highest at club level followed by the Daily Mirror and Daily News Trophy cricket at the lower end. Joining them at the lower end were also clubs from the outstations like Moratuwa SC, Panadura SC and even CCC played at top level and were demoted to the lower level but CCC came back to top level. Negombo CC, Galle CC, Matara SC, Kandy CC and later Kurunegala CC also appeared in the lower level. In addition to these the Army, Navy and the Air Force also had teams joining the lower level and getting promoted to the top from time to time. There was the University also playing at top level for a period, and a host of others who were accepted as outstation clubs, some not playing the game but promoting it.

In the 1970 era the cricket scene was very similar to the above description with anyone interested in playing the game after leaving school had to have the capability to fit the mercantile environment (earlier even the public sector promoted sports) with success of having a job while playing. Mercantile cricket was also big then as most top cricketers were seen playing there. But, there was no proper way for the outstation talent to enter the scene unless someone influential enough backed them especially to play cricket.

Things have changed for the better and could improve vastly; as someone with experience in such matters put it across recently after visiting Polonnnaruwa, the area represented by the President himself, there were no facilities to play cricket there at all. So the slow approach continues even after being accepted to the international stage over forty years ago. At the time of writing this column it has been brought to the writer's notice that the cricket boss is supposed to visit this area today. We sure hope that he does remember to make the Abu Fuard call once more to promote the game around the island on his visit there.

In looking at this promotion of cricket around the country and of the present availability of talent there is one thing very noticeable and that is the fact that the talent is available. What is most likely not taking place is the further developing of it and finding more cricketers from around the country. To do that more quality and serious tournaments are not being promoted for them to be involved to gain the much needed experience in the three formats. The thing mostly required by these youngsters today is the more knowledge of the game. It is this knowledge that will give them the insight to gain the knowhow of the use of strategy in the game.

Looking at youngsters coming out of most top countries they are trained to suit the game they represent. But, the basics like staying at the wicket and building partnerships are all instilled in them better than in the case of Sri Lankan players. The Sri Lankan cricketer who starts young has not been given the most important thing to make their talent more useful, and that the confidence, when running between wickets, taking catches and all of that goes to turn tables on opponents. These are more important to have than talent alone. Until this is done properly in schools where the coaching levels are of a questionable nature, cricket in Sri Lanka will find it harder to improve. Improvising on the skills of the three main areas batting, bowling and fielding alone will not make a cricketer.

The earlier said is the easy part. If the youngster cannot determine how their skills provide the team the better chances to be on top of their opponents in the end result, team building is going to be a harder task to have covered responsibly by coaches. This has been the long road marched so far by authorities who have not done enough to provide youngsters with the best of knowledge in the game's most important areas like thinking the correct way.

Daily News Editorial

Boost for foreign investment

14 January 2017

The Government has placed emphasis on trade and foreign investment to boost the economy, instead of relying on loans and grants. The latter are anyway in short supply as Sri Lanka is now in the Middle Income category. It is always better to rely in trade and investment – reckless borrowing at commercial rates by the previous Government has placed Sri Lanka in a massive debt trap. It will take decades to repay these loans, some of which have been taken for useless vanity projects that just perpetuate the Rajapaksa name.

Foreign Direct Investment (FDI) is often the best way to stimulate an economy. Just a couple of days ago, Swiss food giant Nestle started work on a Rs.5 billion manufacturing plant in Pannala, their long-time local base. Several such mega projects are now underway in various parts of the country, under the Government’s new three-year plan for a sustainable economy.

But we often tend to overlook one important category – the individual foreign investor. They are usually high networth individuals who have investments in various countries. The Government has expressed its keenness to attract this type of investor as well and revealed a sound proposal. Resident visas from two to five years would be granted to foreigners who make a minimum investment of US$ 300,000 in Sri Lanka, Finance Minister Ravi Karunananyake has said.

The Finance Minister says the Government will also grant tax concessions and extension of visas to foreign investors who invest over US$ 1.5 million. It is a commendable move, given that investors would like to have unhindered access to their investments here without undergoing separate immigration procedures every time they arrive in the country.

We are somewhat late to this party, with several countries in region including Malaysia offering similar programmes. Malaysia’s “My Second Home” programme, renowned throughout the world, offers long-term visas to foreigners who invest in their country. Many Sri Lankans too have obtained this facility from Malaysia. In some countries, the investor can directly apply for citizenship (not just a resident visa) under a “Citizenship by Investment” programme. Among the countries that offer this facility are Portugal, Greece, Spain, Cyprus, Hungary, Dominica and Malta. In some countries, an investment of just US$ 100,000 in funds or real estate is adequate to gain a resident visa or citizenship (passport) in just three months. Portugal alone has issued over 2,000 residency visas in just two years.

The Government should advertise this programme through the proper channels and websites dedicated to such “Golden Visas”. There is enough demand for this type of investment, but the authorities should ensure that no attempt is made to launder money by any individual. Last year’s Panama papers scandal revealed how the super-rich and corrupt politicians park their money in other countries through shell companies. There shall necessarily be a selection process which will help identify any such attempts.

The government has also promised to relax exchange control regulations though a regulatory mechanism will be in place when foreign exchange is taken out of the country in bulk form. This is the norm even in developed countries – individual travellers have to declare sums over US$ 10,000 if brought in or taken out. Apart from that regulation, the overall forex regulations could be eased to a great extent. This is a move in the right direction, because some of the forex regulations are archaic and serve no useful function in a modern economy. More investors are likely to come to Sri Lanka if the forex regulations are eased.

Injecting cash through commercial banks is just one form of investment. Among the other options are the Colombo Stock Exchange (CSE) and Government’s Treasury Bills and Treasury Bonds. Foreigners are highly active at the CSE, which shows its value as an investment option. These options give more flexibility and choice to would-be investors who are wary of putting all their eggs into one basket and will also help Sri Lanka gain a reputation as a multi-track investment destination. These measures will help reduce debts and increase investments and thereby help market Sri Lanka as an ‘Investment Destination’. This is also a golden opportunity for Sri Lankans domiciled abroad to contribute to their Motherland’s socio-economic development. The Lankan Diaspora in most countries includes influential and affluent individuals who would like to contribute in some way towards the country’s development. Unlike other foreigners they can apply for dual citizenship, but even if they do not want to do so, they can still gain a better opportunity to serve the Motherland under the new foreign investment programmes. They will then feel very much at home.

The authorities should evolve innovative approaches to seeking FDI, holding more roadshows in prominent capitals. Red tape, lethargy and corruption must disappear completely, lest the investors turn back in disgust. There is fierce competition out there in our region and beyond for investor dollars and we should not let this opportunity slip by.

The Island Editorial

Lucky crooks!


Some prominent members of the Rajapaksa Cabinet, blamed for the theft of public funds and various crooked deals, are currently ministers of the yahapalana government. Their corruption and ill-gotten wealth have not been probed. They have got the best of both worlds. Lucky crooks! The CID, the FCID and the anti-graft commission are pursuing only those who have banded themselves as the Joint Opposition (JO).

Yahapalana ministers also hear cases against JO members at media briefings and deliver judgments, so to speak. They consider any suspect who is not a member of the ruling coalition guilty until proven innocent!

Former Minister and National Freedom Front Leader Wimal Weerawansa, MP has been arrested and remanded for misusing 40 state vehicles while in power. If he is given a fair trial and the very serious charge against him is proved beyond a reasonable doubt, deterrent punishment must be meted out. Anyone who abuses public property deserve to be thrown behind bars. But, that task must be left entirely to the judiciary. Government politicians must exercise control over their restless tongues. They themselves are no paragons of virtue as is public knowledge. They should be mindful of the fact that a change of government which is bound to happen sooner or later will see many of them being arraigned on charges of abusing state properly, bribery, corruption and other such illegal activities.

There has emerged evidence of a mega coal racket which has not only caused an enormous loss to the state but also increased the cost of electricity according to Chairman of the Lanka Coal Company (LCC) Maithri Gunaratne. People are made to pay more for electricity so that politicians and bureaucrats can line their pockets by purchasing coal at higher prices!

The LCC chief has revealed, as we reported yesterday, that the culprits have gone scot free, and thanks to the Attorney General’s Department which has been reduced to a mere appendage of the government in power the coal tender has been awarded to a company under a cloud. The Supreme Court itself has said the questionable deal shocked its conscience. Worryingly, no action has been taken against those responsible for the questionable deal. It behoves the government to ensure that either the CID or the FCID will launch a probe into the controversial coal tender. If any such allegation had been made against a JO member, he would have been arrested in next to no time.

The JHU, which is a constituent of the yahapalana coalition, has declared that some government ministers received kickbacks to the tune of USD 100 mn from the Hambantota Port deal. This damning allegation has gone unprobed. An investigation is called for.

Police arrest people suspected of casing the joint; even those who urinate in public places are not spared. The long arm of the law conducts ‘special operations’ to take into custody schoolboys who scale the walls of girls’ schools during the big match season and mercilessly beat undergraduates for holding protests that cause tailbacks. But, those involved in the mega Central Bank bond scams are still at large because of their political connections. Some of them are seen in the exalted company of government leaders.

Weerawansa is alleged to have caused a loss of Rs. 90 mn to the state. The bond scams have cost the state coffers billions of rupees. It looks as if the government thought millions to be bigger than billions!

The only way the government can convince the public that its action against Weerawansa is not politically motivated is to probe the others who are alleged to have committed the same offence as he. They are Deputy Minister Lasantha Alagiyawanne, who was Weerawansa’s deputy under the Rajapaksa government and UNP National List MP Ashu Marasinghe, who was the Chairman of the State Engineering Corporation at that time. They cannot remain above the law simply because they have switched their allegiance to the ruling coalition.