News
CBSL Governor upbeat about being on right track, but urges govt. to do more to protect low-income earners

The government should do more to protect low-income earners, the Governor of the Central Bank, Dr. Nandalal Weerasinghe said on Thursday (21) during a televised interview.
He said that during the economic crisis and due to high inflation, a lot of people in the SME sector lost their jobs.
“Who were the worst affected people in the country? The poor. In this kind of situation, the government has to look after them. The ability of the government to help through programmes like Aswesuma comes from its tax revenue. This is why tax policy is important,” he said.
He also said the tax net should be expanded to include everyone who can pay taxes.This money can be used on people that need help. He said there should not be any tax exemption to any industrial sector.
“Tax policy has to be fair and broad-based. Everyone should pay the 18 percent VAT, except the exporters. When it comes to personal tax, high income earners must pay more. We have an 8.5 million labour force in this country. All taxpayers are less than half a million people,” he said.
There should also be strong institutional reforms to strengthen tax collection, he added.
Dr. Weerasinghe said the current tax rates are high, but the tax collection is still not sufficient. If the tax burden is shared by everyone, the taxes can be brought down, he said.
“Tax evasion is a serious issue in this country. Some people pay high taxes, while others evade taxes. We need strong institutional reforms. Inland Revenue, Customs need to be strengthened. Digitalisation and information availability are essential for this,” he said.
People should do fewer transactions using cash and businesses should not be keeping two books, he said.
“A lot of businesses keep two books. One for taxes and the other for their operational use. Tax authorities should be able to catch these people.”The Governor said the country is on the right track and the economic recovery process has begun.
Latest News
Urgent Warning Against Fraudulent Crypto-Scam Advertisements.

The Prime Minister’s Office strongly condemns the fraudulent cryptocurrency scam advertisements currently being promoted on Facebook and Instagram, falsely featuring Prime Minister Dr. Harini Amarasuriya and other prominent Sri Lankan figures. These deceptive ads, operated by foreign entities, aim to mislead the public and exploit the trust associated with well-known personalities.
It has come to our attention that these scam campaigns, originating from fraudulent accounts based in Lithuania, are actively targeting Facebook users in Sri Lanka.
Similar ads have recently featured Foreign Minister Vijitha Herath, Minister of Science and Technology MP Chrishantha Abeysena, and well-known journalists Amantha Perera and Sunanda Deshapriya, as well as other Sri Lankan public figures in previous instances.
Public Advisory
We urge citizens to exercise extreme caution when encountering online advertisements promoting cryptocurrency investments, particularly those falsely claiming endorsements from government officials and public figures. No government official or ministry has endorsed any cryptocurrency investment scheme.
Additionally, despite reports and removal requests, variations of these scams continue to appear on social media platforms, highlighting serious concerns about the inability of Facebook to curb fraudulent advertising effectively. We call upon Meta (Facebook’s parent company) to take immediate and stronger action to prevent the spread of these deceptive campaigns and safeguard Sri Lankan users from financial fraud.
How to Protect Yourself:
• Do not engage with or click on suspicious ads claiming endorsements from public figures.
• Report fraudulent advertisements directly on Facebook and Instagram.
• Verify all financial opportunities through legitimate sources before investing.
The Prime Minister’s Office remains committed to protecting the public from online fraud and will continue working with relevant authorities to address this growing issue. We urge media organizations and digital platforms to act responsibly in curbing the spread of misinformation and scams.
For official government updates, please refer to the Prime Minister’s Office’s official website and social media channels.
[Prime Minister’s Media Division]
Business
JICA and JFTC support Sri Lanka’s drive for economic growth through a fair and competitive market

The Japan International Cooperation Agency (JICA) and the Japan Fair Trade Commission (JFTC) have expressed their support for policy reforms and institutional enhancements aimed at ensuring the supply of high-quality goods and services in Sri Lanka while safeguarding both consumers and producers.
This was discussed at a meeting held on Wednesday (12) at the Presidential Secretariat between representatives of these organisations and the Secretary to the President, Dr. Nandika Sanath Kumanayake.
During the discussion, the representatives emphasized that establishing fairness in trade would protect both consumers and producers while fostering a competitive market in the country. They also emphasized how Japan’s competitive trade policies contributed to its economic progress, explaining that such policies not only help to protect consumer rights but also stimulate innovation.
The secretary to the president noted that this year’s budget has placed special emphasis on the required policy adjustments to promote fair trade while elevating Sri Lanka’s market to a higher level. He also briefed the representatives on these planned reforms.
The meeting was attended by Senior Additional Secretary to the President, Russell Aponsu, JICA representatives Tetsuya Yamada, Arisa Inada, Yuri Horrita, and Namal Ralapanawa; and JFTC representatives Y. Sakuma, Y. Asahina, Y. Fukushima, and M. Takeuchi.
[PMD]
News
Students from several schools visit the Presidential Secretariat and President’s House

A group of students from Hambantota St. Mary’s National School, Nakulugamuwa Moraketiara Junior College and Nalanda College, Colombo 10, visited the Presidential Secretariat and the President’s House on Wednesday (12) as part of an educational tour.
This initiative provided schoolchildren the opportunity to explore the Presidential Secretariat (formerly the Old Parliament Building) and the President’s House as part of their academic field trip.
Coinciding with the tour, students were also educated about the “Clean Sri Lanka” program, a key government initiative. K.M.N. Kumarasinghe, Senior Additional Secretary to the President, briefed the students on the objectives and implementation of the program, emphasizing its role in enhancing their knowledge, skills and attitudes.
Meanwhile, Media Adviser to the President . Chandana Sooriyabandara highlighted the legacy of the late C.W.W. Kannangara, stating that his vision serves as a guiding light for the future generation of students. He further noted that many developed nations achieved progress through collective citizen efforts, stressing that every individual must fulfill their responsibilities diligently to contribute to national development.
As a symbolic gesture, a valuable plant was gifted to each participating school to be planted within their premises. The presentation was carried out by the President’s Media Director General Prasanna Perera and Anuruddha Lokuhapuarachchi, Director of International Media and Strategic Communications at the President’s Media Division (PMD).
The event was attended by the principals, academic staff, parents and other distinguished guests.
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