Former President – Ranil Wickremesinghe has emphasized that the Sri Lankan government needs to unveil a plan to face the situation created by the US reciprocal taxes.
Making a special statement, Mr. Wickremesinghe points out that although the taxes have been paused at the moment, it will not be scrapped altogether as it is a part of Trump’s manifesto.
As a direct consequence of these taxes, around 100,000 jobs are at risk, he warned, adding that the consequences would ripple across the broader economy.
“Even if the taxes imposed on Sri Lanka are slashed, we will be compelled to pay taxes of 25% – 30%, resulting in exports still declining” he said.
Noting that Sri Lanka will have to generate funds to start setting its debts by 2028 as per the debt restructuring programme, Mr. Wickremesinghe emphasizes that the Government will have to treat this as an emergency situation and come out with a plan to face the situation.
He emphasizes that firstly, discussions must be held with the US and secondly, it must be planned how to solve this issue domestically.
One of the two persons injured in the Kandana shooting today (June 03) has succumbed.
The other victim – Mr. Sameera Manahara is currently receiving further treatment at Ragama Hospital. According to reports, his condition is not critical.
(Previous news 2025 July 03 – 11.03 am)
Pvt. secretary of late minister injured in shooting
A shooting incident has been reported in Kandana this morning (July 03).
Reportedly, two people traveling in a car were shot near the Kandana Public Market.
According to reports, Sameera Manahara, who served as the private secretary of late Minister Mangala Samaraweera, has been injured in the shooting.
The two injured individuals have been admitted to the Ragama Hospital, police say.
Investigations are underway to identify and apprehend the assailants.
Former Minister Mervyn Silva and two other individuals were granted bail today (July 03) by the Gampaha Provincial High Court.
They were released on a cash bail of Rs. 200,000 and five personal sureties of Rs. 5,000,000 each.
Additionally, the court imposed overseas travel bans on them.
The defendants were strictly warned to refrain from influencing witnesses and were ordered to report to the Criminal Investigation Department (CID) every Sunday.The defendants were previously remanded over allegations of selling a state-owned land in the Kiribathgoda area using forged deeds.
Monara TV, launched with much fanfare just a year ago under the Swarnavahini media network, has reportedly shut down operations.
Employees have been informed that the closure is temporary, citing the need to resolve certain administrative issues.
The channel, led by Buddhika Wickramadhara, was ceremonially launched on June 25, 2024, with a grand event at Waters Edge.
Producers who supplied teledramas to Monara TV say they are owed nearly Rs.200 million in unpaid dues.
Meanwhile, it is reported that the parent Swarnavahini TV channel is also reportedly grappling with a serious financial crisis, paying teledrama producers only after 60 episodes are broadcast.
Producers claim they are compelled to wait about 03 months to recover an investment of around Rs.15 million per teledrama. Even then, payments are made in small portions, covering just 05 episodes at a time.
Producers who supplied teledramas before the appointment of Mr. Susara Dinal as CEO say it is even harder to claim their outstanding payments, as they have been asked to recover the dues from former CEO – Udara Wijesinghe.
The Swarnavahini Media Network is owned by Subaskaran Allirajah – Chairman of Lyca Group, which also owns Lycamobile, a global telecommunications company.
