News

President to address the nation today: Semasinghe

Published

2 years ago

March 21, 2023

editor

Finance State Minister Shehan Semasinghe yesterday (20) said that President Ranil Wickremesinghe will address the nation today (21) on the main step forward in obtaining the assistance of USD 3 billion from the International Monetary Fund (IMF).

Mr. Semasinghe said that the necessary background to obtain the IMF approval was created as a result of the patience of the people as well as the unpopular but necessary reforms implemented by President Wickremesinghe.

“With the irresistible courage and commitment of the President, the Ministry of Finance, the Central Bank of Sri Lanka and other institutions, as well as the support of the IMF, we received the opportunity to access the IMF credit facility at the end of a massive process of eight months with the help of the creditors of our country and other countries. This approval was essential for the country at this time. The time has come for all of us to work together to strengthen the country’s economy,” he said.

Mr. Semasinghe said that he has performed the duties assigned to him by the President not only as a public representative but also as a Sri Lankan.

News

Vote on Account for first four months of 2025 passed in Parliament

Published

7 hours ago

December 7, 2024

editor

The resolution for the Vote on Account, ensuring government operations and debt servicing for the initial four months of 2025, was passed in Parliament yesterday (6) without a vote.

The debate on the resolution, initially presented on 3 December, spanned two days.

News

US delegation discusses economic and governance reforms with foreign minister

Published

7 hours ago

December 7, 2024

editor

A U.S. delegation led by Assistant Secretary Donald Lu met with Foreign Minister Vijitha Herath to congratulate Sri Lanka’s new administration. Discussions focused on shared priorities, including economic and governance reforms, with plans for tailored programs, capacity-building, and technical assistance to benefit the Sri Lankan people.

News

CAA seizes bottled water stock in Hemmatagama over violations

Published

1 day ago

December 6, 2024

editor

The Consumer Affairs Authority (CAA) raided a factory in Hemmatagama, Mawanella, seizing over 3,000 bottles of drinking water prepared for distribution.

Investigations revealed that the factory’s Health Ministry registration certificate had expired and was obtained using false information. The seized stock included bottles of varying sizes from 500 ml to 19 liters.

The CAA emphasized that falsely claiming standards or endorsements violates the CAA Act, and legal action will be taken against the violators. Regular raids are conducted to prevent consumer deception.