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Eran reveals SJB’s economic policies

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Explaining the economic policy of the future SJB government, Eran Wickramaratne M.P. said that the SJB has already decided to allow the use of chemical fertiliser in order to promote export-oriented value-added commercial agriculture. He also said that the future SJB government will give priority to exports and the government will mediate directly to seek foreign market opportunities for small and medium scale entrepreneurs. Actions would also be taken to provide the required technology to SME sectors on a priority basis. Further, in order to give equal opportunity for women in obtaining employment in the private sector, a scheme will be introduced to provide financial relief for maternity leave to private sector employees.

Speaking at a media briefing held at the Opposition Leader’s Office in Colombo on the theme ‘The Right Path to the Economy’, Mr. Wickremaratne said: The crisis that started with the food shortages under this government which has no economic policy or plan has now spread to all sectors of the economy, leading to a collapse in exports and a large number of unemployment due to import restrictions on intermediary goods used for exports caused by a severe dollar shortage.

This government came in to office by spreading falsehoods, inciting racism and with distorted public opinion as it had no policies for governance. The Thera of Kelaniya Rajamaha Viharaya performed a drama of a Cobra emerging from Kelani river with a sacred relic, then had a play on arrest of ‘Ranaviruvan’, later staged a play on ‘MCC’ agreement and made another play about the Singapore Sri Lanka Free Trade Agreement. Now the entire country has realized that this government knows nothing about governance, economic and financial management.

Now they are making a soundtrack and using it to get the Attorney General to withdraw cases against politicians of the ruling family and their cronies. Now the latest drama is about chemical fertilizers, power cuts and gas explosions.

At a time when everything has turned upside down under this government, some ministers have started preaching to deceive the people saying that they should think positively. The government is now creating a dream of the future by misleading the people forgetting the reality.

The Governor of the Central Bank has told a foreign channel on January 24 that Sri Lanka has all the food stocks that it needs.

“But when you go to a shop, you are given only one packet of milk powder per customer. A notice to that effect has also been displayed. Don’t MPs and ministers see this reality?” Eran asked. The government advises people to be positive in the face of such market crisis. In order to do so, there must be clarity about the government’s policies and programmes.

The economy that exists in this country is where not even a bag of cement is freely available. A delegation from the packaging industry told us that there was no corrugated paper in the market. Shortage of intermediary goods to manufacture cartons for export of goods, not only disrupts exports but also leads to the collapse of local industries and unemployment. The food crisis in the country has spread one by one and affected the entire sectors but the government has no practical solution.

The current economic and financial crisis is unique to Sri Lanka. It is important to critically examine why it happened to Sri Lanka alone. In March 2020, Corona epidemic was reported. In the second quarter of 2020, the apparel industry fell by 42 percent. Construction fell by 30 percent. Tourism, which had a direct impact on Corona, fell by 64%. Consumption also declined during this time. Inflation has now risen sharply due to rising commodity prices due to short supply. The MP said the government, without realizing the depth, was deluded into believing that the issue could be resolved by printing money.

The Colombo Consumer Price Index for January 2022 is 14.2 % was up from 12.1%, in December 2021 and food inflation was 25%. Accordingly, Sri Lanka has been ranked as the 12th country in the world where inflation has risen rapidly. This government will soon make it the first country in the world.

The control and handling of the market without any policy or basis has led to increase in the prices of rice – samba, red rice and nadu rice, milk powder, dhal vegetables, dried chillies, potato onion gas etc. by about 30% to 150%. Before providing solutions to present crises the economic experts should make a thorough study on the issue to arrive at a decision whether these were due to issues in supply, production or demand side. The government’s ill-advised solution of money will definitely further aggravate the situation creating more hardships to the people. Therefore, Wickramaratne said that further increase in inflation cannot be prevented.



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Elders’ home devastated by fire was a ‘house of horror’: Witnesses

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Death toll rises to 12: Director remanded

Some residents were allegedly chained

Police have come under public pressure to investigate allegations of inhumane treatmenf the residents at an elders’ home in Batagoda, which was also reportedly used as a care centre for persons with special needs, following a devastating fire that has so far claimed 12 lives.

Eyewitnesses who were among the first responders told the media that several residents had been chained inside rooms at the Senehase Kedella Elders’ Home when the fire broke out on Wednesday. They claimed that rescue efforts were hindered as iron chains could not be removed, and that some residents died while being restrained.

Authorities have not yet verified these claims, and Police said investigations are continuing.

Police spokesman ASP F.U. Wootler, contacted for comment, said there were rumours to that effect, but the Police were not in a position to verify the claims until a report from the Government Analyst was received. He said eight survivors with burn injuries were being treated in hospital.

Meanwhile, the Director of the facility had been arrested and was due to be produced before the Horana Magistrate’s Court, Police said adding that he was remanded till June 11.

The death toll from the fire has risen to 12 as of Thursday morning following the recovery of additional charred remains during ongoing forensic examinations at the site. Six others sustained serious injuries and are being treated at the Horana Base Hospital.

Police said 72 residents were inside the facility at the time of the blaze. Of them, 10 died inside the building, seven were injured and hospitalised, while 51 were rescued and relocated.

Survivors were initially housed at Batagoda Junior School before being transferred with Army assistance to another branch of the same care network in Galpatha.

A magisterial inquiry was conducted on Thursday morning. Horana Magistrate Lakmini Vidanagamage visited the scene. The burnt remains were examined and removed under judicial supervision.

Separately, allegations have emerged that residents were required to pay an admission fee of Rs. 75,000, along with a monthly charge of Rs. 35,000 to the centre. Police have not commented on these claims.

The director was taken to the scene as part of ongoing investigations, while forensic experts continue examinations to determine the cause of the fire, which remains undetermined.Anguruwatota Police are conducting investigations.

 By Norman Palihawadane and Nishan S Priyantha

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CERT : AI-generated videos depicting Prez, PM lure public into financial scams

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Sri Lanka CERT has issued a public warning over the circulation of artificial intelligence (AI)-generated videos falsely depicting President Anura Kumara Dissanayake, Prime Minister Harini Amarasuriya and several other prominent personalities to promote fraudulent investment schemes online.

According to complaints received by the national cyber security agency, the videos have been created using deepfake technology and are being used as part of attempts to defraud members of the public through financial scams.

The images of famous sports personalities and other public figures have also been misused in the deceptive content.

The agency has warned that similar AI-generated material has been used to spread false information relating to investment opportunities, employment offers, as well as matters concerning the country’s economy and tax policies.

According to Sri Lanka CERT, the videos are being widely shared across online platforms and frequently contain links urging viewers to make investments in return for purported profits.The agency has cautioned that these links may redirect users to fraudulent websites designed to steal personal information, financial data and money from unsuspecting victims.

Sri Lanka CERT has urged the public to exercise extreme caution when encountering such content online and advised against clicking on suspicious links or sharing personal information through unverified websites.

“The public should remain vigilant and avoid becoming victims of false information and online fraud schemes,” the agency said.

Sri Lanka CERT has also encouraged internet users to verify information through official sources before acting on any investment, employment or financial offers circulated via social media or other online platforms.

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New tax law comes into force

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Speaker Dr Jagath Wickramaratne endorsing the certificate on a Bill (File)

Speaker Dr Jagath Wickramaratne on Wednesday endorsed the certificate on the Inland Revenue (Amendment) Bill, bringing the legislation into force as the Inland Revenue (Amendment) Act, No. 11 of 2026, Parliament sources said.

The Bill, which amends the Inland Revenue Act, No. 24 of 2017, was passed by Parliament on May 19.

The new law introduces a series of reforms aimed at modernising tax administration procedures, improving compliance and enforcement mechanisms, enhancing the accuracy of tax calculations and deductions, and strengthening transparency within the tax system.

The amendments also support broader economic policy objectives and include measures designed to reinforce anti-money laundering safeguards.Among the key provisions of the Act is the mandatory use of Taxpayer Identification Number (TIN) certificates for specified high-value financial transactions.

The legislation also introduces revisions to the calculation of taxable income, clarifies tax exemptions applicable to certain projects and business entities, and expands the scope for information disclosure to relevant authorities.

The amendments are expected to improve the efficiency of tax administration while facilitating greater accountability and regulatory oversight.With the Speaker’s endorsement of the certificate, the Inland Revenue (Amendment) Bill has now become law as the Inland Revenue (Amendment) Act, No. 11 of 2026.

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