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SJB calls on government to resign, says it has lost all confidence local & foreign
Main opposition SJB has called on the Government to resign and make way for change as the country’s internal and external stakeholders have all lost confidence in the current Government and this will impact on the level of assistance the country receives to overcome the current crisis.
Addressing a press conference held at the Opposition Leader’s office on Thursday, SJB MP Eran Wickremaratne called on the Government to dissolve the Monetary Board and make fresh appointments, as the incumbent board had clearly failed with its strategy.
He said that the economic crisis in the country was turning into a financial crisis. “At all costs, we must avoid that becoming a banking crisis. The confidence in this Government has been lost in local and international markets. We have been talking about solutions for more than a year and it has fallen on deaf ears. Our clear message to them is please go home,” he said.
“We have a plan on how to deal with the IMF, restructure our debt and how to get bridging finance so that the queues will go away, plus, strengthen the banking system, recapitalize banks and major reforms. It will be a difficult period for everyone, we will not lie to the public. There has to be social protection of the poor and the most vulnerable. Everybody accepts that including the IMF report. We will make sure the financial system is protected, but for that we need to see a change in the financial leadership of this country.”
The MP said that there was no room for delays, and questioned why the Government is yet to appoint financial and legal advisors to engage with the IMF and its creditors.
He said that history offers many examples from around the world on how to handle this situation, but the Government is still stuck debating whether to make these appointments.
SJB Kegalle District MP Kabir Hashim said that the Finance Minister does not attend Parliament to respond to queries.
Hashim said: “The Government is going around the world with a begging bowl seeking loans. At last week’s All-Party Conference, the Government spoke of finding solutions, and said it was prepared to engage with the IMF. What is the status of that decision? We need to see immediate action, there is no time for delays. Have we laid the foundation for the IMF program, if not then the country must know. Government must take right decisions for the country and its people even though they are politically unpopular at this juncture.”
SJB MP Dr. Harsha De Silva said that the lack of confidence in the Government, even from within its own camp, will hamper market activity, adding this was now a crisis of confidence more than economics. He noted the Monetary Board needs to be reconstituted pointing to the rapid depreciation of the rupee as ample evidence of its ill-timed decisions and grave consequence.
“Our lenders are ready with lawyers to negotiate, but Sri Lanka is not ready. Where will we get bridging finance from? An IMF program will take some time to implement,. How will we survive until then? Also, what action is being taken on interest rates? They still have not changed. The current rates are too low.
“If inflation is 17.5%, how can we have interest rates at 7%? This is a crime and needs immediate attention and this money printing must stop. Steps must also be taken to immediately reverse the Gazette mandating banks to offer 50% of foreign remittances to the Central Bank. Business and purchases are made via commercial banks, not the Central Bank, why was this bad policy decision taken,” he demanded to know.
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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