News
Consumer Sentiment Index down
Institute for Health Policy’s (IHP) Index of Consumer Sentiment fell three points to five, in April, with all indices down since March.
IHP’s Dr Ravi Rannan Eliya said that IHP’s Index of Consumer Sentiment (ICS), a measure of how the public views their personal economic situation and the wider national economy, had fallen by three points in April to 5, closer to its floor of zero, and reaching its lowest level since IHP began tracking it.
The current declining trend started in mid-February with the start of power cuts and increasing impact of foreign exchange shortages, plateaued from mid-March, before consumer sentiment started to decline again from early April, around the time of the resignation of the Cabinet, he said.
The Index of Current Conditions (ICC), a broad measure of perceptions about current conditions, fell three points to 7. The Index of Consumer Expectations (ICE), a measure of perceptions about the future, fell a further four points to reach 4.
Consumer pessimism is now universal, across all segments, the IHP has said in a press release. Until February 2022, consumer confidence had been higher in the youth (ages 18–29 years) than older adults, largely because the youth continued to be significantly less pessimistic about the future (tracked by the ICE which looks at future expectations), but this future optimism of the youth has now collapsed, with consumer sentiment similar across all age groups.
Dr Rannan-Eliya, the lead investigator for the survey, said that the public is resigned to the likelihood that the situation will get worse in the coming months and years.
“The public appears resigned to the likelihood that economic conditions will worsen. All three forward looking measures (household situation in next 12 months, country situation in next 12 months and in five years) are now below 10, and worse than the measures tracking current and recent conditions. With the measure tracking public views of the country’s situation in five years’ time at a new low of 3, he added that more than 95% of Sri Lankans think the country’s economy will be in worse condition five years’ time than now,” he said.
Adapting standard questions used globally to track consumer sentiment, Sri Lanka Opinion Tracker Survey (SLOTS) has been tracking consumer sentiment daily since September 2021, he said.
“Three separate indices are currently tracked on a weekly and daily basis, covering views about current conditions, expectations about future conditions, and views about buying major household items. Data are obtained from phone interviews of a national sample of respondents, with the results adjusted to ensure they are representative of the Sri Lankan population in all provinces and at all income levels,” he said. (RK)
News
INS GHARIAL departs island
The Indian Naval Ship (INS) GHARIAL which made a port call in Colombo, departed the island on 06 Feb 26.
The Sri Lanka Navy bade a customary farewell to the departing ship at the Port of Colombo, following naval traditions.
During the ship’s port call, the crew took a sightseeing tour of key attractions in Colombo.
The visit also featured the handover of ten temporary Bailey Bridges, which were brought by INS GHARIAL, in coordination with the High Commission of India in Sri Lanka.
News
Stop the collection of funds from parents at school level for Smart Boards — PM
Prime Minister Dr. Harini Amarasuriya stated that the Ministry of Education has already commenced the distribution of Smart Boards required for the new education reforms, and that the collection of funds from parents at school level for this purpose must be stopped immediately. She further emphasized that no decision has been taken to curtail free education or to close the Jayewardenepura Faculty of Dental Sciences.
The Prime Minister made these remarks in response to a question raised in Parliament on Thursday [05th February] by the Leader of the Opposition, Sajith Premadasa.
Elaborating further, the Prime Minister stated,
“Although the Leader of the Opposition has not traditionally upheld free education as a policy, I appreciate your stance on the matter at this juncture. However, I urge that questions should not be raised based on social media content or unverified rumours in Parliament. No decision has been taken to curtail free education or to close the Jayawardenepura Faculty of Dental Sciences. The Medical Faculty of the Wickramarachchi University of Indigenous Medicine had commenced operations without regulatory approval and had introduced course work, resulting in students being placed in a vulnerable situation. Necessary action is currently being taken based on the recommendations of a report submitted by an expert committee appointed to examine the issue. This this is not a political decision, but one guided by expert opinion”.
“Arrangements are underway to distribute the required Smart Boards to schools during this year, and there is no need to collect funds from parents for this purpose. If any such collections are taking place, they must be stopped immediately. The Secretary to the Ministry of Education has already issued a directive instructing schools not to collect funds from parents”.
“The subject Information Technology will not be taught as a separate subject for Grades 1 to 5. However, recognizing the need to prepare students for a globally advancing technological world, discussions have been initiated based on expert advice on how to provide age-appropriate technological awareness to students. Decisions will be made after carefully considering child protection concerns and expert recommendations. The curriculum-related decisions will not be made politically, but by subject experts.
Based on the requests made by the universities and higher education institutions recruitment for essential academic vacancies is currently being carried out under the Cabinet approval. Although thirty years have passed since the establishment of the teacher service, further measures are required to enhance its quality. Existing issues relating to teacher promotions, considering the practical difficulties in evaluation processes and non-compliance with service minute provisions are being addressed alongside other challenges. The government is presently focused on formulating a systematic plan to ensure quality education.”
Responding to a question raised by the Member of Parliament Kader Mastan, the Prime Minister stated,
“Several programmes have been introduced based on government policy decisions to fulfill the basic needs of schoolchildren. These include the provision of school textbooks, uniforms, and the “Suraksha” health insurance scheme. Additionally, voucher schemes have been introduced to support the purchase of sanitary products for girls in Grades 6 to 13. Midday meals are also being provided for primary school students, and financial assistance is extended to students who pass the Grade 5 Scholarship Examination but do not receive bursaries. The Ministry of Education is in the process of gathering further information with the intention of expanding these programmes”.
The Prime Minister also announced that the 2025 G.C.E. Ordinary Level Examination is scheduled to be held from February 17 to 26. Although this period coincides with the observance of Ramadan, relevant authorities have confirmed that it will not pose an obstacle to the conduct of the examination. Furthermore, it has been decided to hold the Grade 5 Scholarship Examination and the G.C.E. Advanced Level Examination before August each year, and the G.C.E. Ordinary Level Examination in December. From 2026 onwards, efforts will be made to conduct examinations in accordance with this revised annual examination calendar.
[Prime Minister’s Media Division]
News
Steps have been taken to modernize Technical Colleges in all 25 Districts – PM
Marking a major transformation in Sri Lanka’s vocational education sector, the Government has decided to develop and modernize 25 technical colleges located across all the 25 districts in line with contemporary global standards.
It was revealed at a special discussion held on 06th of February at the Parliamentary Complex, chaired by the Minister of Education, Higher Education and Vocational Education, Prime Minister Dr. Harini Amarasuriya, together with the Deputy Minister of Vocational Education Nalin Hewage.
Addressing the meeting, the Prime Minister emphasized that these development initiatives should not be limited merely to providing vocational skills, but should also place strong emphasis on the mental health and overall well-being of the youth.
Accordingly, the Prime Minister stressed the importance of establishing modern hostels, cafeterias, and healthcare facilities; designing both internal and external environments in a manner that offers recreational and aesthetic experiences while promoting mental well-being; and developing a distinct identity for each technical college so that they can be clearly recognized as unique institutions, separate from other educational establishments.
Speaking at the discussion, Deputy Minister of Vocational Education Nalin Hewage stated that development work at 23 technical colleges could be commenced in the near future in order to enhance the human resources required for national development. He further noted that it is expected to obtain the labour contribution and assistance of the Tri-Forces for these construction and modernization activities.
The discussion was attended by Deputy Minister of Defence Major General Aruna Jayasekara, Secretary to the Ministry of Defence Air Vice Marshal Sampath Thuyacontha, Secretary to the Ministry of Education Nalaka Kaluwewa, along with the officers from the Tri-Forces.
[Prime Minister’s Media Division]
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