News
Sajith pledges to renegotiate agreement with IMF
…Arjuna joins SJB Thalawakele rally
By Rathindra Kuruwita
Samagi Jana Balawegaya (SJB) would renegotiate the agreement with the IMF to make it more people friendly, SJB and Opposition Leader, Sajith Premadasa said yesterday (01) addressing their main May Day event at Chatham Street, Colombo Fort.
Premadasa said: “We will also establish presidential task forces to look into the wellbeing of children, women, and infants. A special programme will be implemented to uplift female-led households. We will take care of the 1.7 million differently abled people. We will establish independent anti-corruption entities that are created by entrenched clauses of the Constitution.”
Premadasa said people asked him why he had not accepted the post of Prime Minister offered to him by Gotabaya Rajapaksa in 2022.
“Some people tell me I should have taken a shortcut to power. I could have become the PM before the constitutional coup in 2018,” he said.
The Opposition leader said that an SJB government would boost spending on education and healthcare. The SJB government would also establish centres of IT akin to the Silicon Valley in the US, in all 25 districts in the country.
“We will establish a million start-ups. All government institutions will be made profitable. We will also establish private-public partnerships. Right now, those who run the government are engaged in a money grab.”
Premadasa said that they have come up with a proposal to get to the bottom of the Easter Sunday attacks. This has been presented to the Catholic Church, he said adding that
“We will bring to justice everyone behind the attacks”.
The SJB leader said that tea small holders own 40 percent of total tea cultivated areas. But they produce 70 percent of the tea output.
“The large-scale plantations only produce 30 percent. We will promote tea small holders by providing underutilized lands owned by these big plantation companies.”
Premadasa said that there is a need to create a national wealth fund.
SJB MP Harsha de Silva said 34 percent of the urban youth are unemployed and that only about 34 percent of the women are in the workforce. An SJB government would address the concerns of these people, he said.
“In the first five years of Sajith Premadasa’s tenure, he will create 1.5 million jobs and opportunities to be entrepreneurs. We have missed the opportunity to be in the global supply chain. The components of the iPhone are made in over 40 countries, but Sri Lanka is not among those countries. Sri Lanka is one of the most closed economies in the world,” he said.
Dr. de Silva said within a few months of becoming President, Sajith Premadasa will invite global brands to the country. The SJB will also take steps to revive the 250,000 micro, small and medium enterprises that have closed down.
Former MP, Mujibur Rahuman said that they chose the location because of significant events that transpired in the area during the 2022 Aragalaya.
“Two people from our party joined Ranil Wickremesinghe in 2022. One of them recently said a bunch of SJB MPs will crossover today. That has not happened,” he said.
Meanwhile, former MP Hirunika Premachandra alleged that the venue they wanted to hold the May Day rally has been given to the National People’s Power (NPP). This is an indication that President Ranil Wickremesinghe has a soft spot for NPP leader Anura Kumara Dissanayaka, she said.
“We also see that the United National Party (UNP) and the Sri Lanka Podujana Peramuna (SLPP) have joined hands. Ranil always had close ties with the Rajapaksas and he destroyed the UNP to ensure that the Rajapaksas could stay in power without a challenge.
Earlier in the day, they held another rally at Nuwara Eliya, which was organised by the Tamil Progressive Alliance (TPA). Opposition Leader Sajith Premadasa and Arjuna Ranatunga, former Sri Lanka Cricket Captain and former Minister, were present at the rally.
News
Sri Lanka, India caught in US-Iran ship crisis
By Shamindra Ferdinando
Iran has sought the Indian intervention, at the highest level, to provide lifesaving support to the crews of empty Iranian vessels stranded just outside Sri Lanka’s 12-nautical mile territorial waters off Galle.
Sources familiar with the issue said that Iran had brought the developing situation to the attention of New Delhi as the crews of almost 20 vessels, included Indian nationals. Sources stressed that the group of vessels that unloaded crude oil a couple of months back were now stranded within Sri Lanka’s Exclusive Economic Zone (EEZ).
The US Navy torpedoed an unarmed Iran frigate, returning from India, on 04 March, 2026, about 19 nautical miles off the Galle coast. The unprovoked attack killed nearly 100 Iranians.
The Iranian Embassy in Colombo has inquired from the Indian High Commission of their response to the situation, sources said. The US has issued a global warning against providing food, water, medicine and other services to the Iranian vessels. The outcome of Iran-India talks on the issue at hand was not known, though sources asserted India may not throw its weight behind Iranian efforts to address the issue.
Responding to The Island queries, sources said both Sri Lanka and India were in a dilemma due to the US warning. India couldn’t ignore the plight of the Indian crew members and the Iranian vessels in its backyard.
The Sri Lankan government remains tight-lipped about the vessels stranded in its EEZ. Our efforts to elicit a response from relevant authorities were in vain. In addition to Indians, there are Bangladeshis among the crew members. Iran has explicitly stated the responsibilities of the countries concerned to provide assistance in terms of international law.
The Iranian position was articulated by its Ambassador to Sri Lanka, Dr.Alireza Delkhosh, recently. In a special statement, Ambassador Delkhosh emphasised that in terms of the Convention on the Law of the Sea (Article 98) as well as SOLAS and SAR
Conventions, Sri Lanka couldn’t refrain from providing the needs of the Iranian vessels stranded in its EEZ.
SLMC leader Rauff Hakeem lambasted the NPP government in Parliament for failing to provide assistance to the Iranian ships. The former Minister alleged that the government was simply carrying out dictates of the US. He strongly criticised the way Foreign Minister Vijitha Herath was handling the issue.
News
Namal further remanded
MP Namal Rajapaksa, who is in remand custody over the controversial Airbus deal, was further remanded until October 27 by the Colombo Magistrate’s Court yesterday (13).
Colombo Chief Magistrate Asanga S. Bodaragama made the order after considering submissions by officers of the Commission to Investigate Allegations of Bribery or Corruption and lawyers representing Rajapaksa.
News
IMF projects Lankan economic growth to moderate amidst mounting global uncertainties
Sri Lanka’s economy is expected to sustain its recovery over the next two years, although growth is projected to moderate amid mounting global uncertainties, according to the International Monetary Fund’s (IMF) latest World Economic Outlook.
In its World Economic Outlook 2026: Resilience Under Strain, Urgent Choices, the IMF projects Sri Lanka’s economy to expand by 4% in 2026, slowing to 3.7% in 2027, following estimated growth of 5% in 2025.
Inflation, meanwhile, is forecast to rise to 5.3% in 2026 and 5.4% in 2027, reversing the average deflation rate of 0.5% recorded in 2025.
Unemployment is expected to remain steady at 3.9% throughout the forecast period.
The projections come amid growing pressure on the global economy from the ongoing conflict in the Middle East, elevated energy prices, geopolitical tensions and trade disruptions.
Sri Lanka’s external position is also expected to weaken, with the current account balance projected to shift from a surplus of 1.6% of gross domestic product (GDP) in 2025 to deficits of 0.5% in 2026 and 0.3% in 2027.
The IMF’s outlook points to continued economic expansion in Sri Lanka, but with slower growth, rising inflation and a narrowing external surplus giving way to current account deficits over the forecast period.
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