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Future of Sri Lanka will be determined by the economic policies implemented over the next five years: President

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President Ranil Wickremesinghe emphasized that the future of Sri Lanka will be determined by the economic policies implemented over the next five years.

The President delivered this statement while addressing the youth and business community in Mannar during his participation in the “Youth Conference” held Sunday (16).

The President initially attended the Mannar District “Youth Conference” at the Conference Hall in Mannar Town Hall. The conference, themed “Journey for a Bright Future,” included an award ceremony where the President presented certificates and cash prizes to students who excelled in the 2023/2024 G.C.E Advanced Level Examination.

President Wickremesinghe interacted directly with the youth, addressing their questions and providing positive responses.

He explained that over the past four years, job creation was hindered by the COVID-19 pandemic and economic crisis. However, he assured the audience that the upcoming economic programme would create new job opportunities for those previously unable to secure employment.

The President emphasized that it is up to the youth to decide whether they wish to advance their own future and contribute to the country through the government’s programme.

Additionally, President Ranil Wickremesinghe convened a meeting with the business community of Mannar district on Sunday (16) in Mannar.

The President emphasized that continuing the current government’s economic policies will attract a significant number of investors to the country in the future.

He also underscored that maintaining consistent economic policies over time will lead to success for the country.

The President highlighted that the new economic policy, introduced through the Economic Transformation Law, represents a pivotal step forward for the country. He underscored that this framework equips any government with the capability to drive the nation forward.

The President noted that despite longstanding efforts by the people of Sri Lanka to seek political solutions, there has been a noticeable absence of initiatives aimed at addressing economic challenges. He stressed that sustainable national development hinges on the implementation of robust economic policies.

Highlighting his achievement in revitalizing the country’s economy within a short span of two years, the President assured that further relief measures would be extended to all sectors as the economy continues to strengthen.

Furthermore, the President briefed the youth and business communities on the government’s initiatives aimed at fostering comprehensive development in the Mannar district.

State Minister Kader Mastan, Members of Parliament Selvam Adaikalanathan, Northern Province Governor P.S.M.Charles and other political representatives of the province were also present on this occasion.



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Ministerial Committee appointed to submit recommendations on proposed program to mitigate loss of crops to wild animals

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The rural agricultural livelihood and food security have been severely impacted due to the damage caused by wild animals such as elephants, wild boars, monkeys, toque macaque, squirrels, and peacocks roaming around human habitats and cultivated lands.

Animal-human conflicts and property destruction have mostly been reported around these areas, and serious social and economic issues have also arisen.

Therefore, the Ministry of Agriculture, Livestock, Land, and Irrigation has prepared a comprehensive program based on the opinions of all stakeholders, including the public, university community, farmers’ organizations, environmentalists, non-governmental organizations which work for environmental issues, the Department of Agriculture, the Department of Agrarian Development, and other relevant organizations.

Taking into consideration the report submitted by the Minister of Agriculture, Livestock, Land, and Irrigation, the Cabinet of Ministers has decided to appoint a ministerial committee with the participation of other relevant ministers, chaired by the Minister of Agriculture, Livestock, Land, and Irrigation, to submit appropriate recommendations on how the aforementioned program should be implemented by further reviewing the proposals included in the said program and incorporating new proposals.

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Cabinet approves import of Maize to meet shortfall

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The Cabinet of Ministers has approved the resolution furnished by the Minister of Agriculture, Livestock, Land, and Irrigation to determine the price of the maize by a committee appointed by the Secretary to the Ministry of Agriculture, Livestock, Land, and Irrigation in the future and to import only the quantity of maize that could not be supplied locally for the production of  animal feed,  under the supervision of the Department of Animal Production and Health.

 

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Cabinet nod for the removal of Cess tax imposed on imported good

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The Cabinet of Ministers has approved the joint resolution furnished by the President in his capacity as the Minister of Finance, Planning, and Economic Development and the Minister of Industries and Entrepreneurship Development to phase the removal of Cess tax imposed on imported goods under 2,634 combined classification codes identified over 4 years [from 2026 to 2029\.

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