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President assures to release IMF analytical data to parliament

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In a proactive move towards transparency and collaboration, President Ranil Wickremesinghe convened a crucial party leader’s meeting at the Presidential Secretariat today to deliberate on the IMF proposals. The meeting saw the active participation of various stakeholders, including TNA Parliamentarian Mr. M.A. Sumanthiran, underscoring the government’s commitment to inclusive decision-making.

During the discussions, Secretary to the Treasury Mr. Mahinda Siriwardena provided insights into the ongoing negotiations with bilateral creditors, commercial creditors, and ISBs, with an optimistic outlook towards completing the process by the end of June this year.

Notably, Mr. Sumanthiran raised pertinent concerns regarding the lack of published technical assistance reports of the IMF which is an analysis as to why certain recommendations are made, which is a necessity for the publication of analytical data to inform parliamentary deliberations. President Wickremesinghe, acknowledging the importance of transparency, assured that the government would release the data to the TNA and Parliament, facilitating informed debate and decision-making.

Furthermore, Central Bank Governor highlighted the government’s efforts in adhering to the recommendations outlined in the governor’s diagnostic report, emphasizing the commitment to a structured roadmap for implementation. President Wickremesinghe affirmed the government’s willingness to make these technical assistance reports available to the members of parliament and invited Mr. Sumanthiran and other Opposition members to attend a meeting and engage with the IMF to further discuss the proposals.

In response, Mr. Sumanthiran expressed his readiness to participate constructively in the dialogue, pledging support for constructive measures while highlighting areas that warrant attention and rectification.

The initiative undertaken by President Wickremesinghe underscores the government’s proactive approach to fostering transparency, accountability, and bipartisan cooperation in navigating crucial economic decisions for the benefit of all citizens.

Present at the meeting with President Ranil Wickremesinghe were Prime Minister Dinesh Gunawardane, Leader of the House Susil Premajayantha, State Ministers of Finance Shehan Semasinghe and Ranjith Siyambalapitiya, Senior Advisor to the President on National Security and Chief of Presidential Staff Sagala Ratnayaka, Secretary to the President Saman Ekanayake, Governor of the Central Bank Dr. Nandalal Weerasinghe, and Secretary to the Treasury Mahinda Siriwariwardena, representing the government. Representing the Opposition TNA Parliamentarian M.A. Sumanthiran attended the meeting.  

(President’s Media Division)

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Bus associations oppose proposal of 2% fare reduction

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The government’s proposal to reduce bus fares by a 2% effective from July 01 has led to the strong disapproval of bus associations, reports say.

It was also proposed not to revise the minimum fare.

The announcement was made during a meeting between officials of the Transport Ministry and representatives of private bus associations to discuss the annual bus fare revision, scheduled for July 01.

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UN Rights chief meets families of missing persons

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A group of activists and families of missing persons handed over letters and memorandums to the visiting United Nations High Commissioner for Human Rights Volker Turk in Trincomalee today (June 25).

UN Human Rights Spokesperson – Jeremy Laurence, who is accompanying the High Commissioner, said while in Trincomalee that Mr. Volker Turk expressed sorrow and solidarity with the families of the disappeared.

Meanwhile, a peaceful demonstration was also held in Trincomalee during this visit, where a group of activists and victims of disappearances was seen holding placards and banners.

The UN High Commissioner for Human Rights will visit Kandy before concluding his official visit to Sri Lanka tomorrow (June 26) after a special press briefing in Colombo.

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200 new super luxury buses to be procured for expressways

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There is an urgent need to introduce new buses to the Sri Lanka Transport Board (SLTB) bus fleet, as nearly 52% of the regular bus fleet of the Sri Lanka Transport Board and nearly 94% of the luxury bus fleet have exceeded the economic life span. 

As to the insufficient buses to meet the passenger demand on the expressway, the Sri Lanka Transport Board (SLTB) is currently operating 61 luxury buses belonging to the private sector on a profit-sharing basis. 

Therefore, the Sri Lanka Transport Board (SLTB) has decided to purchase 200 new super-luxury buses by using their own funds. 

Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Transport, Highways, Port and Civil Aviation to purchase 29 super luxury buses through the financially capable depots and to purchase the remaining buses by making a down payment using SLTB funds and the balance to be paid in monthly instalments over a period of 5 years.

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