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Lanka will slash defence expenditure, President says
There will be cuts in the defence expenditure in the coming interim budget, President Ranil Wickremesinghe has told Reuters in an interview on Thursday.Wicrkemesinghe said that overall state expenses would be slashed by a few hundred billion rupees, and these would be redirected to welfare and debt repayment.Sri Lanka would seek Japanese help on bilateral debt restructuring with the country’s main creditor nations, including China and India, he said.
“Someone needs to call in, invite the main creditor nations. We will ask Japan to do it,” President Ranil Wickremesinghe told Reuters.
The President added that he would travel to Japan next month to meet Japanese Prime Minister Fumio Kishida.Wickremesinghe said that Sri Lanka expectedan IMF facility between 2 billion and 3 billion US dollars.
An IMF delegation was expected to visit Sri Lanka by the end of August to reach a staff-level agreement. After Sri Lanka reached a staff-level agreement with the IMF, it had to start engaging with its creditors on debt restructuring, he said.The President also said that an interim budget will be presented in September. The budget will focus on fiscal consolidation measures agreed with the IMF, he added. A full budget will be presented in November and he will outline broader recovery plans, Wickremesinghe said.
“So, both those budgets will put out government policy. The first one on stabilization and the second one will look at recovery,” he told Reuters.
Wickremesinghe said he believes that the economy will see some recovery, in the second half of 2023. There will be a three percent revenue surplus by 2025, he said.
“I think we are restructuring to make Sri Lanka a very competitive, export-oriented economy,” he told Reuters.
Wickremesinghe has also said that he is not aware of any plans by former President Gotabaya Rajapaksa to return to the country in late August, as reported by some media.
News
“Investments in Professional Education Are Investments in Institutional Strength and National Progress” – PM
Prime Minister Dr. Harini Amarasuriya stated that strengthening Sri Lanka’s professional education framework and aligning it with internationally recognised standards is essential to building a skilled, ethical, and globally competitive workforce.
The Prime Minister made these remarks while addressing the official launch of the QS-accredited Chartered Qualification in Human Resource Management (CQHRM) at SCQF Level 11 (New Syllabus), organised by the Chartered Institute of Personnel Management (CIPM) Sri Lanka under the theme New Heights of Recognition. The event was held on Wednesday, 18 February at the Cinnamon Life, Colombo.
Emphasising the importance of expanding professional and vocational education pathways, the Prime Minister stated:
“This is of crucial importance to us in broadening our educational pathways and opportunities. We need to increase access to education that is globally recognised and that offers multiple pathways in professional and vocational fields. This aligns closely with the reform process we have initiated in the education sector and with our commitment to lifelong learning where individuals can work and learn at the same time, and where education is not limited to a particular age group but continues throughout life.”
Highlighting Sri Lanka’s national priorities, the Prime Minister further observed:
“At a time when Sri Lanka is focused on economic recovery, institutional reform and sustainable growth, the need for competent and ethical human resource leadership is clear. A competitive economy depends not only on investment and infrastructure but also on skilled professionals who can lead institutions effectively.”
The Prime Minister noted that the QS accreditation of the CQHRM qualification strengthens international recognition of Sri Lankan human resource professionals, enhances professional progression pathways, and reinforces confidence in the country’s professional education system. She also underscored the role of human resource leadership in advancing equity and inclusion within workplaces, including fair recruitment practices, safe working environments, leadership development for women, and inclusive policies for persons with disabilities and neurodivergent individuals.
Addressing the future of work, the Prime Minister stressed the importance of preparing for rapid technological transformation, including the growing impact of artificial intelligence on industries and workforce management, encouraging institutions to proactively adapt to emerging demands.
The event was attended by Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe, along with other distinguished guests.

[Prime Minister’s Media Division]
Latest News
Advisory for Severe Lightning issued to the Western and Sabaragamuwa provinces and Nuwara-Eliya, Galle and Matara districts
Advisory for Severe Lightning
Issued by the Natural Hazards Early Warning Centre at 12.00 noon 19 February 2026 valid for the period until 11.00 p.m. 19 February 2026
The public are warned that thundershowers accompanied with severe lightning are likely to occur at some places in in the Western and Sabaragamuwa provinces and in Nuwara-Eliya, Galle and Matara districts after 2.00 p.m.
There may be temporary localized strong winds during thundershowers.
General public is kindly requested to take adequate precautions to minimize damages caused by lightning activity.
ACTION REQUIRED:
The Department of Meteorology advises that people should:
Seek shelter, preferably indoors and never under trees.
Avoid open areas such as paddy fields, tea plantations and open water bodies during thunderstorms.
Avoid using wired telephones and connected electric appliances during thunderstorms.
Avoid using open vehicles, such as bicycles, tractors and boats etc.
Beware of fallen trees and power lines.
For emergency assistance contact the local disaster management authorities.
News
Navy and Coast Guard seize 04 Indian fishing vessels poaching in Sri Lankan waters
During operations conducted in the dark hours of 18 Feb 26, the Sri Lanka Navy and Coast Guard seized 04 Indian fishing boats and apprehended 22 Indian fishermen, while they were poaching in Sri Lankan waters north of Mannar and off the Delft Island, Jaffna.
Recognizing the detrimental effects of poaching on marine resources and the livelihoods of local fishing communities, the Sri Lanka Navy and Coast Guard continue to conduct regular operations as proactive measures to deter such activities. These efforts underscore the collective robust approach and steadfast commitment to safeguarding the nation’s marine ecosystems while ensuring the economic security and wellbeing of its citizens.
The 02 fishing boats along with the 10 fishermen held in Mannar were handed over to the Fisheries Inspector of Mannar and the remaining 02 fishing boats intercepted off the Delft Island, together with 12 Indian fishermen were handed over to the Fisheries Inspector of Myliddy for onward legal proceedings.
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