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Deviating from present path of recovery could lead to another economic collapse – President
In a special statement to Parliament today (13), President Ranil Wickremesinghe emphasized the critical role of the government’s program, backed by assistance from the International Monetary Fund (IMF) and debt restructuring, in rebuilding the collapsed Sri Lankan economy. The President warned that deviating from this path could lead to another economic collapse, urging caution against the allure of political fairy tales.
President Wickremesinghe highlighted the success achieved through the proper handling of two fundamental factors: securing the support of the IMF and implementing debt restructuring. He asserted that by continuing this program, Sri Lanka has the potential to evolve into a developed nation.
The President announced that the approval of the second tranche of the IMF would result in the World Bank (WB) providing Sri Lanka with US $150 million for deposit insurance. This injection of funds is expected to significantly fortify the Sri Lankan financial sector.
Acknowledging the challenges posed by various taxes, including the Value Added Tax (VAT), President Wickremesinghe clarified that these decisions were made not out of choice but as necessary steps for the country’s future. He assured that as the economy strengthens, the government will implement measures to bring relief to the people.
The Chartered Computer Institute of Sri Lanka was established in 1976 as the premier and sole body representing professionals in the Information and Communication Technology sector in Sri Lanka. It has recognized the importance of establishing the Sri Lanka Chartered Computer Association as the main professional organization to act on behalf of the interests of professionals representing the computer sector in Sri Lanka, which should be treated equally with other professional organizations that have obtained chartered status and other formal recognition.
Accordingly, taking into account a resolution furnished by the Hon. President, the Cabinet of Ministers has decided to grant policy approval for the establishment of the Chartered Computer Institute of Sri Lanka and to instruct the Legal Draftsman to prepare a draft bill in line with the proposed objectives.
it has become essential to introduce appropriate revisions to the Drug Dependent Persons (Treatment and Rehabilitation) Act No 54 of 2007 so that a proper formal mechanism can be maintained in treatment and rehabilitation.
Accordingly, considering a resolution forwarded by the Minister of Public Security and Parliamentary Affairs, the Cabinet of Ministers decided to grant the policy approval to revise the Drug Dependent Persons (Treatment and Rehabilitation) Act No 54 of 2007 and direct the Legal Draftsman to formulate a draft bill including the relevant amendments.
The Cabinet of Ministers approved the resolution furnished by the Minister of Agriculture, Livestock, Lands and Irrigation to appoint Mrs. O. T. M. I. Thilakarathne, the senior most officer in Sri Lanka Surveyors’ Service serving as an Additional Surveyor General of that Department to the Post of Surveyor General that will be vacant from 20.08.2026.
Charted Computer Institute of Sri Lanka to be established
Drug Dependent Persons (Treatment and Rehabilitation) Act No 54 of 2007 to be amendmend
Mrs. O. T. M. I. Thilakarathne appointed to the Post of Surveyor General
Purchase of 600 buses for intercity / long distance services of the Sri Lanka Transport Board
Protection of Historical, Cultural, and Traditional Intellectual Property related to the Kandy Esala Perahera
Development of roads which are not under the Road Development Authority
‘Dates have the highest sugar content to fight Coronavirus’
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