A discussion was held at the Presidential Secretariat between President Anura Kumara Disanayake and the Committee appointed to submit recommendations on the new U.S. tariff system.
During the meeting, the Committee’s proposals concerning the country’s strategic response to the imposition of these new tariffs, as well as the next steps that should be taken were reviewed in detail.
Furthermore, the Sri Lankan government is expected to initiate prompt discussions with the U.S. government regarding possible relief measures.
The Committee is represented by Senior Economic Advisor to the President Duminda Hulangamuwa; Secretary to the Ministry of Finance Mahinda Siriwardana; Governor of the Central Bank Dr. Nandalal Weerasinghe; Secretary to the Ministry of Trade A. Vimalaneththiraja; Chairman of the Export Development Board Mangala Wijesinghe; Senior Director General (Bilateral) of the Ministry of Foreign Affairs, Mr. Dharshana M. Perera, Chief Economic Policy Advisor at the Ceylon Chamber of Commerce Shiran Fernando; Group CEO of Brandix Ashroff Omar; Co-Founder of MAS Holdings Sharad Amalean; Chairman of the Heyleys Group Mohan Pandithage and Ananda Caldera.
Also in attendance were Minister of Labour and Deputy Minister of Economic Development Anil Jayantha Fernando, and Deputy Minister of Finance and Planning Harshana Suriyapperuma.
The National Transport Commission (NTC) has said that an investigation into the recent incident where a student fell from the footboard of a ‘Sisu Sariya’ school bus, has revealed that the accident had resulted from the careless and negligent behaviour of both the driver and the conductor.
Issuing a statement, the NTC noted that, based on the preliminary findings, the Road Passenger Transport Authority of the North Western Province has taken steps to temporarily suspend the services of the driver and conductor involved.
Minister of Agriculture, Livestock, Land and Irrigation – K.D. Lal Kantha has announced that the government has decided to import 300,000 MT of maize.
Speaking to the media after attending a District Development Committee meeting at the Kandy District Secretariat yesterday (July 03), the Minister explained that this decision was taken to prevent traders from artificially inflating maize prices.
He stated that certain large and medium-scale businesses dealing with animal feed have been hoarding maize, buying it from farmers at fair prices and reselling it at much higher rates.
According to the Minister, these traders were trying to push maize prices up to Rs.190-200 per kilogram, which would have driven up the cost of eggs to Rs.200 each and increased meat prices significantly.
The Minister emphasized that while businesses are entitled to make a profit, the government will not allow unfair price manipulation. He also noted that, in the past, even ministers profited from animal products, but those days have ended and racketeers will not be allowed to control the market.
To prevent excessive price drops that could hurt farmers, the Food Security Committee has proposed imposing a tax on imported maize, he said.
