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Cabinet was not aware of the economic crisis – Sabry

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Foreign Minister Ali Sabry made a startling revelation on Friday (14) that the previous Cabinet was not fully aware of the dire situation that the economy was falling into

Speaking at the launch of the book ‘ Poverty to prosperity: A review of the Korean development model ‘ written by Milinda Rajapakshe, the Minister spoke about a number of topics including government responsibility for the prevailing economic crisis and Sri Lanka’s foreign policy.

Speaking at the event, the Minister said that the Government learned the hard way that the economy is the heart of the country, and if it fails, all else fails.

Pointing out that unfortunately, the Ministers of theprevious Cabinet were focusing on their specific areas, such as himself holding the portfolio of the Minister of Justice, Minister Sabry said that he was looking forward to new plans with regard to law reform, digitization, improved infrastructure and more recruitments in the sector, however, confessed that he was unaware of the country’s deep economic troubles.

Pointing out that if the country’s Cabinet’s economic literacy is a minimum, then the normal people should be worse in their case, the Minister said that without taxation, there is no future for the country.

“In 1981, 21% of our GDP was taxes. Today it has come down to 8.3%. So we can point fingers. Although we demanhd for free education, having taken free education, 6,500 of our doctors are now working for the NHS. How much taxes have they paid back to the country? We need to look at that. We’re only finding fault with the politicians. Yes, they are to be blamed. Including myself. Because they’re the leaders. They have failed this nation. But they’re not alone. Everybody also failed the nation,” he added.

(News 1st)

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President meets DCC chairpersons to gather proposals for Budget 2026

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A discussion was held this morning (May 29) at the Presidential Secretariat between President Anura Kumara Disanayake, Chairpersons of District Coordination Committees and senior officials of the Ministry of Finance to gather proposals and ideas for the Budget 2026.

During the meeting, President Disanayake emphasized the importance of prioritizing the basic and urgent needs of the people at the district level in the preparation of the upcoming budget.

Extensive discussions were held on the development projects currently underway across various districts. The dialogue focused on identifying essential infrastructure requirements and other critical development needs, and ensuring their implementation through the forthcoming budget allocations.

Among those present were Secretary to the President Dr. Nandika Sanath Kumanayake, Secretary to the Ministry of Finance Mahinda Siriwardana, Senior Additional Secretary to the President Russell Aponsu, Director General of the Department of Public Finance E.A. Rathnaseela and Assistant Director General of the Department of National Budget M. Anoma Nandani, along with other senior officials from the Ministry of Finance

(President’s Media Division)

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Halloluwa ordered to surrender phone

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The Colombo Magistrate’s Court has ordered Tusitha Halloluwa, the former Director of the National Lotteries Board, to hand over his mobile phone to investigators.

The directive was issued following a request by the Colombo Crimes Division (CCD), which is probing a recent shooting incident involving Halloluwa.

The case relates to an attack that occurred while Halloluwa was travelling in a vehicle.

According to police reports, unidentified gunmen opened fire on the vehicle and allegedly stole several important documents in his possession.

The court is scheduled to reconvene this afternoon to further hear the case.

Three suspects currently in remand custody in connection with the shooting are expected to be produced before the court.

Additionally, three other individuals who were detained for 24 hours for questioning are also due to appear in court today.

(News1st)

(Except for the headline, this story, originally published by (News1st) has not been edited by SLM staff)

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SL – US hold 2nd round of tariff talks

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The second round of discussions on US-imposed tariffs on Sri Lanka was held yesterday (May 28) at the Office of the United States Trade Representative in Washington, D.C.

A high-level Sri Lankan delegation is participating in the talks, which mark a continuation of several earlier virtual meetings between the two sides.

The talks are expected to pave the way for new opportunities in trade cooperation, while aiming to secure favorable outcomes for Sri Lanka in line with its current economic priorities.

Officials anticipate that the dialogue will contribute to enhancing long-term trade relations and foster deeper economic engagement between the two nations.

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