During a discussion held at the Presidential Secretariat on February 16th, President Ranil Wickremesinghe announced that an International Monetary Fund (IMF) EFF loan is expected to be received in March.
The President also mentioned that the possibility of reducing bank interest rates is being considered in line with the gradual drop of inflation rate.
The discussion was aimed at identifying the issues faced by small and large-scale rice mill owners and finding solutions to resolve them.
The rice mill owners brought up the fact that the production cost of a kilogram of rice has increased due to various factors, including the rise in fuel prices, electricity charges, machinery maintenance costs, transportation costs, and all other production and administrative expenses.
They noted that they would incur losses by selling their product at the current market price as it is lower than the production cost.
The rice mill owners also pointed out the difficulty of paying a high interest rate of 28% on bank loans taken to purchase paddy. It was mentioned that the production cost of a kilogram of paddy has increased due to the rapid increase in prices of the agricultural inputs for paddy cultivation. Farmers have had to pay a high interest rate on bank loans they had taken for cultivation.
As a result, the rice mill owners demanded relief for the rice industry, which has reached a difficult stage to maintain operations due to the increase in production costs for both cultivation and rice mills.
The President acknowledged their concerns and stated that it was the government’s expectation to provide all possible relief to consumers as well as farmers.
The President instructed officials to seek means of increasing paddy production by reducing production costs and finding solutions to the problems faced by rice mill owners without delay. The discussion ended with the President’s assurance to work towards finding a solution to the issues faced by the rice industry.
President’s Secretary Mr. Saman Ekanayake, President’s Senior Adviser on Economic Affairs Dr. R.H.S. Samaratunga, Presidential Adviser on Food Security Dr. Suren Batagoda, government officials and representatives of small and large scale rice mills including Mr. Dudley Sirisena attended the discussion.
The investigations into the ragging incident at the Sabaragamuwa University have been handed over to the Criminal Investigations Department (CID).
Some students of the Faculty of Technology at the University of Sabaragamuwa had lodged a complaint with the Samanalawewa police station on April 29, 2025 over a ragging incident.
Accordingly, the police recorded statements from 20 students who were subjected to ragging yesterday.
Further investigations into the complaint were handed over to the CID today following the instructions of the Acting IGP, Police said.
There is a weakness in the initial agreement we made with Starlink, as it does not grant us access to its data systems in the event of a national security issue, unlike the arrangements we have with existing telecom providers in Sri Lanka, President Anura Kumara Dissanayake said.
He made these remarks while participating in a television programme last night.
He explained that the government was able to uncover several security threats—such as the Arugam Bay incident and the recent court shooting—because it has access to local telecommunications systems, under legal permissions granted to existing providers.
However, he pointed out that the government does not have access to Starlink’s data systems, as such provisions were not included in the initial agreement.
“This poses a direct threat to national security. There isn’t even a designated person to take responsibility, and we have no legal grounds to access the system,” he said.
He added that the government had raised this concern with Starlink, and in response, the company has agreed to provide a dashboard to access certain data.
“But we still don’t clearly understand the extent of access this dashboard will provide,” he said.
As a precaution, the government has allowed the release of equipment necessary to build the dashboard.
“Once it is operational, we will be able to assess how much access to data we actually have,” he concluded.
President Anura Kumara Dissanayake departed for Vietnam a short while ago, commencing his official state visit to the Socialist Republic of Vietnam, according to the President’s Media Division (PMD).
At the invitation of the President of Vietnam, Luong Cuong, President Anura Kumara Dissanayake is undertaking a state visit to Vietnam from May 4 to 6.
This visit marks the celebration of 55 years of diplomatic relations between Sri Lanka and Vietnam and is expected to further strengthen the long-standing bilateral ties between the two nations.
During the visit, President Dissanayake will hold official discussions with the President and Prime Minister of Vietnam. He is also scheduled to meet with senior dignitaries, including the General Secretary of the Communist Party.
President Dissanayake will also participate as the chief guest at the United Nations Day of Vesak celebrations, scheduled to commence on May 6 in Ho Chi Minh City, where he will deliver the keynote address.
Several Memoranda of Understanding and Agreements are expected to be signed during the visit and discussions will be held with the Vietnamese business community to explore avenues for enhanced cooperation.
Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, along with a delegation of senior government officials, are accompanying President Dissanayake on this official visit.