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SLT, Colombo Lotus Tower placed under Finance Ministry

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A gazette extraordinary has been issued placing Sri Lanka Telecom, Colombo Lotus Tower, Sri Lanka Cement Corporation, State Engineering Corporation and several other state institutions under the purview of the Minister of Finance, Economic Stabilization and National Policies.
According to the gazette issued by President Ranil Wickremesinghe, the North Sea Limited, Sri Lanka Thriposha Co. Ltd., Galoya Plantation (Pvt.) Company, National Salt Limited, Paranthan Chemicals Ltd BCC (Pvt.) Limited, Mahinda Rajapaksa National Tele Cinema Park and the Lanka General Trading Company Limited will also be placed under the purview of the Finance Minister.

The gazette extraordinary has been issued by the Head of State by exercising the powers vested in him under paragraph (1) of Article 44 of the Constitution, with effect from the 30th of May.

Click here to read the complete gazette

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Heat Index expected at ‘Caution’ level

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Heat index, the temperature felt on human body is expected to increase up to ‘Caution level’ tomorrow (April 16) at some places in Northern, North-central, North-western, Western, Southern and Eastern provinces and in Rathnapura and Monaragala districts, the Meteorology Department warned.

Effect of the heat index on the human body is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

Accordingly, people at jobsites are urged to stay hydrated and take breaks in the shade as often as possible.

Also, constant checks should be made up on the elderly and the sick.

Adults are advised to not leave children unattended and limit strenuous outdoor activities, find shade and stay hydrated.

The public is also urged to wear lightweight and white or light-colored clothing.

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Heavy traffic on Ella-Wellawaya road

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Heavy traffic congestion has been reported along the Ella-Wellawaya road due to continuous rainfall.

According to the police, vehicle queues had stretched up to five kilometres.
Motorists are advised to use alternate routes to avoid the traffic congestion.

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Govt. needs a plan to face US taxes – RW

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Former President – Ranil Wickremesinghe has emphasized that the Sri Lankan government needs to unveil a plan to face the situation created by the US reciprocal taxes.

Making a special statement, Mr. Wickremesinghe points out that although the taxes have been paused at the moment, it will not be scrapped altogether as it is a part of Trump’s manifesto.

As a direct consequence of these taxes, around 100,000 jobs are at risk, he warned, adding that the consequences would ripple across the broader economy.

“Even if the taxes imposed on Sri Lanka are slashed, we will be compelled to pay taxes of 25% – 30%, resulting in exports still declining” he said.

Noting that Sri Lanka will have to generate funds to start setting its debts by 2028 as per the debt restructuring programme, Mr. Wickremesinghe emphasizes that the Government will have to treat this as an emergency situation and come out with a plan to face the situation.

He emphasizes that firstly, discussions must be held with the US and secondly, it must be planned how to solve this issue domestically.

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