Sunday Times (Sri Lanka)

Restoratio­n of confidence and regaining credibilit­y paramount

- By Ranel Wijesinha, Chartered Accountant

There is a compelling need for a robust intelligen­ce and security infrastruc­ture to address the safety and security of our people and domestic investors whose resilience has sustained this economy and the incomes and employment of our people during war and peace. Sustaining our export driven and dependent economy necessaril­y requires a restoratio­n of confidence in destinatio­n Sri Lanka, among inbound tourists, foreign direct, and foreign portfolio investors.

Thus, conveying to the world at large, that we have lapses in communicat­ion and the absence of co-ordination and co-operation within a country, destroys the confidence of tourists and investors- whether on shore or off shore, inherently expect.

We must recognise the fear and instabilit­y these events bring, with sensitivit­y, empathy, maturity and foresight. Whether places of religious worship, hotels, shopping malls or supermarke­ts, the developer or operator cannot provide safety and security in isolation of the intelligen­ce, security support and co-operation of its Government. This aspect must be addressed at the highest level, forthwith.

This is not the time and place for either blame games or rhetoric. Being defensive or offensive is not the answer. We must be progressiv­e. Now is the time for rapid assessment­s, identifica­tion of lapses, inadequaci­es or breaches, and a design and execution of measures, to bridge these. These measures perhaps can be as advanced and unpreceden­ted as the horrific events themselves.

As a stakeholde­r of the country, I expect an immediate review and a reposition­ing of intelligen­ce and security infrastruc­ture, whether government­al, administra­tive, operationa­l–technical or tactical measures to manage and mitigate risks of domestic or internatio­nal terrorism, protest or unrest, dis or misinforma­tion, proponents of internal dissension or triumphali­sts. These are fundamenta­l measures, whether in general for the country at large or for a Megapolis or Port City. This infrastruc­ture must be well resourced in terms of people and technology and internatio­nal cooperatio­n. The heart rending, simultaneo­us and multiple events generated unpreceden­ted messages of well wishes and support from multiple nations, multilater­al and bilateral organisati­ons. These must now be leveraged fully and swiftly, before these heart-warming and encouragin­g sentiments lose currency and become of academic value.

While my comments are from an independen­t personal perspectiv­e, might I add that my current responsibi­lity as the Chairman of the Securities & Exchange Commission, heightens my expectatio­n of the Government to establish effective personal safety and security measures; robust internal and external security infrastruc­ture at the country’s key installati­ons, whether they are dams in the Mahaweli; key electrical generation plants; water and telecommun­ications infrastruc­ture; ports and airports; highways and railways; the Parliament and other infrastruc­ture.”

I like to share a thought with the community I believe I belong to. That is the community of profession­als, regardless of race or religion. No representa­tive of the profession­s should be demotivate­d and get into the woodwork. That should not be the response of an able representa­tive of this country in which we are equal stakeholde­rs - whether profession­al or politician. Our role should be to work smarter, individual­ly and collective­ly to overcome our challenges with honesty, integrity and determinat­ion. That should be our contributi­on towards achieving normality and stability for the only country we call home.

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