News

No other active option for SL except IMF agreement

Published

1 year ago

April 26, 2023

editor

President Ranil Wickremesinghe says the government has not taken a final decision on restructuring domestic debt.
Joining the three-day Parliamentary debate on the International Monetary Fund this morning, President Wickremesinghe said when the discussions with foreign debtors are initiated, Sri Lanka would have to take a decision on restructuring its domestic debts.

In a special statement delivered to Parliament today (26), President Ranil Wickremesinghe announced that Sri Lanka is on the path of renaissance and is re-emerging as a success story, with the expectation of support from the entire nation to carry it forward.

The President highlighted the progress made in the Sri Lankan economy, which had previously collapsed due to riots, arson, and state bankruptcy. In just eight months, the country has turned its fortunes around and is now known as the ‘Sri Lanka comeback story’.

The President also spoke about the International Monetary Fund agreement, which he presented to Parliament. He acknowledged that the country had failed to implement previous agreements with the International Monetary Fund, despite entering into 16 such agreements.

However, the President emphasized that there is no other active option for Sri Lanka but to sign an agreement with the International Monetary Fund at present.

President Ranil Wickremesinghe reassured the public that the restructuring of local debt would not harm members of the Employees’ Provident Fund.

Furthermore, he stated that a social safety net has been implemented to protect low-income people and create financial stability in the country.

With these measures in place, the President is optimistic about Sri Lanka’s future and urged the nation to work together towards a brighter future.

News

Complaint filed alleging assets being misused for President’s political activities

Published

14 hours ago

April 26, 2024

editor

Today (26) the Socialist Youth Union (SYU) filed a complaint with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) calling for a probe into the alleged misuse of assets owned by the National Youth Services Council (NYSC) for the political activities of current President Ranil Wickremesinghe.
The SYU submitted a formal complaint to the CIABOC today (26) afternoon.

The complaint is filed against Minister of Youth Affairs and Sports – Harin Fernando, Ministry Secretary – Dr. Kanapathipillai Mahesan, and Chairman of the NYSC – Pasindu Gunaratne.

Speaking before the media, Eranga Gunasekara, the national organizer of the SYU said, NYSC vehicles bearing the numbers NA 9099, NB 1389, NB 3384, NB 3383 had been misused for the UNP rally held in Kuliyapitiya on March 10.

He has also said a dance troupe of the NYSC, used for the rally, is yet to be paid.

News

Tiran makes revelation on Maithripala’s statement

Published

14 hours ago

April 26, 2024

editor

During the inquiry over former President Maithripala Sirisena’s recent statement that he was aware of the real culprits behind the Easter Sunday bomb attacks, he has not mentioned the names of anyone in Sri Lanka, Public Security Minister Tiran Alles said.

The lawmaker made this remark while speaking during today’s parliamentary session.

News

High Posts committee approves 4 appointments

Published

14 hours ago

April 26, 2024

editor

Committee on High Posts approves appointments of a new ambassador, a secretary to a ministry, and 02 chairpersons of institutions

The Committee on High Posts which met recently in Parliament has given its approval for the appointments of a new ambassador, a ministry secretary and two institution chairpersons.

Accordingly, the Committee on High Posts has approved the appointment of Mr. S.A Rodrigo as the new Sri Lankan Ambassador to the Italian Republic.

In addition to that, the appointment of Mr. A.C.M. Nafeel as the new secretary of the Ministry of Water Supply and Estate Infrastructure Development was also approved by the Committee on High Posts.

Furthermore, the Committee on High Posts approved the appointments of Mr. W.A.D.S Gunasinghe as the new chairman of the Regional Development Bank and Mr. N.K.S. Jayasekara as the new chairman of the Sri Lanka Atomic Energy Regulatory Council.

Ministers Dr. Ramesh Pathirana and Vidura Wickramanayake, Member of Parliament Rishad Bathiudeen participated in the Committee on High Posts which met under the chairmanship of Speaker Mahinda Yapa Abeywardena.