News

Govt. needs a plan to face US taxes – RW

Published

3 months ago

April 16, 2025

editor

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.

News

Court summons ex-AGM of People’s bank over major fraud

Published

35 minutes ago

July 3, 2025

editor

The Attorney General has filed a case against one Vithanage Don Dayananda, a former Assistant General Manager (AGM) at People’s Bank head office, for allegedly preparing and using a forged document related to a Rs.2,000 million personal guarantee bond.

Colombo High Court Judge Lanka Jayaratne has fixed the case (HC 39/2019) for trial on October 30. When the case was called on July 01, the accused had appeared in court.

It is alleged that around June 01, 2006, in Colombo, the accused knowingly prepared a forged document purporting to show that a personal guarantee bond, allegedly signed and dated July 27, 1995, by directors of Yashoda Holdings (Pvt) Ltd.had been submitted to the bank’s head office.

Despite being well aware that the document was a forged one, he had allegedly presented it as genuine evidence during the Commercial High Court Case No. 122/2004.

Therefore, the Attorney General has charged him under Section 459 of the Penal Code.

Related News :

Court orders CID to probe Rs.90 mn. fraud at People’s Bank

News

2nd round of Grade 06 admission appeals open online today

Published

1 hour ago

July 3, 2025

editor

The Ministry of Education has announced that online appeals for the second round of Grade 06 admissions in 2025, based on the 2024 Grade 05 Scholarship Examination results, can be submitted from today (July 03) until July 17.

Parents or guardians can submit appeals for up to three schools by visiting the official website of the Ministry of Education at www.moe.gov.lk or directly via the extension at g6application.moe.gov.lk.

News

Several showers expected today

Published

2 hours ago

July 3, 2025

editor

Several spells of showers will occur in the Western, Sabaragamuwa and North-western provinces and in Nuwara-Eliya, Kandy, Galle and Matara districts today (July 03), the Department of Meteorology said.

Showers or thundershowers may occur at a few places in the Uva province and in Ampara and Batticaloa districts during the afternoon or night.

Meanwhile, fairly strong winds of about 30-40 kmph can be expected at times over Western slopes of the central hills and in Northern, North-central and North-western provinces and in Trincomalee and Hambantota districts.

The general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.