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Ranil best option for presidency: Prasanna

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Claiming that President Ranil Wickremesinghe should be given another chance to revive the economy and stabilize the country, Minister Prasanna Ranatunga said the incumbent President is the most suitable person to resolve the economic debacle the country is facing.

He said this during a meeting with SLPP local government members in Gampaha and Minuwangoda yesterday.

The Minister said the country is not in a situation to try out options and said any attempts to do so would plunge the country into deeper trouble.

“Presidential candidates are rampant today. There are various types of candidates. One cannot rule the country just like running a boutique or institute. Anyone can boast. But, everyone cannot perform. We have limited time to resolve the economic crisis and to establish a people-friendly government. Therefore, we have no chance to try out other candidates. This is not a time to experiment,” he said.

He said the SLPP has not decided to field a candidate from the party and added that he personally believes that the SLPP must support Ranil Wickremesinghe.

“People had elected presidents in the past to resolve national issues. Mahinda Rajapaksa was elected in 2004 to eliminate the war. Maithripala Sirisena was elected in 2015 to ensure good governance and Gotabaya Rajapaksa in 2019 to establish national security. So, today, we need to elect Ranil Wickremesinghe to presidency to revive the country’s economy,” he said.

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Rains expected in several areas today

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Several spells of showers will occur in the Western, Sabaragamuwa and North-western provinces and in the Nuwara-Eliya, Kandy, Galle and Matara districts today (July 02), the Department of Meteorology said.

A few showers may occur in the Jaffna and Mannar districts.

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

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IMF Executive Board approves Sri Lanka’s 4th review

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The Executive Board of the International Monetary Fund (IMF) completed the Fourth review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw about US$350 million, said Evan Papageorgiou, IMF Mission Chief for Sri Lanka.

This brings the total IMF financial support disbursed so far to about US$1.74 billion.

“The EFF arrangement for Sri Lanka was approved by the Executive Board on March 20, 2023 in an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion). The program supports Sri Lanka’s efforts to durably restore macroeconomic stability by (i) restoring fiscal and debt sustainability while protecting the vulnerable, (ii) safeguarding price and financial sector stability, (iii) rebuilding external buffers, (iv) strengthening governance and reducing corruption vulnerabilities, and (v) enhancing growth-oriented structural reforms.”

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Cabinet approval for online traffic fine payment system – Bimal

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Minister of Transport and Highways Bimal Rathnayake has said that Cabinet approval has been granted to implement an islandwide online traffic fine payment system.

He made this statement during a media briefing near the Kottawa Expressway entrance, following a public awareness programme on mandatory seat belt use for vehicles travelling on expressways.

“The Cabinet approved the proposal today. At present, the online fine payment system is available only between Kurunegala and Anuradhapura. Now, we’re providing all police units with mobile devices, so that from this year, traffic fines can be paid from anywhere via mobile phones… Rather than paying fines, we urge everyone to drive carefully, wear seat belts, and avoid violations. Our core message is simple, travel safely,” the minister has said.

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