News
SSC marks 125 years of excellence with grand celebration
Speech delivered by Singhalese Sports Club President Mr IS De Silva, at the 125th anniversary of the SSC on Thursday night with President Ranil Wickremesinghe and Professor Maithree Wickremesinghe as the chief guests:
Your Excellency, madam Maithree Wickramasinghe, my fellow members and distinguished guests, as we commemorate the 125th Anniversary of the Singhalese Sports Club, my thoughts turn with gratitude to our visionary founders, evoking the timeless words of the poet Henry Wadsworth Longfellow: “The heights by great men reached and kept were not attained by sudden flight, but they, while their companions slept, were toiling upward in the night.”
These words resonate deeply with the dedication of our founding fathers. They initiated a journey and worked tirelessly to build the foundation to what is now regarded as the foremost premier sports club in the country.
Initially it was established as a Sinhalese only club in view of the restrictions that were imposed by the colonial rulers. However, much water has since passed through and the club now stands as a testament to inclusivity, welcoming members from all communities regardless of race and creed.
Evolving from its origins as a cricket and social club, SSC now embraces diverse sports such as tennis, swimming, squash and badminton, nurturing athletes who have proudly represented our country on the international stage.
In cricket, our club boasts luminaries like Arjuna Ranatunga, whose leadership led to our World Cup victory in 1996, and the graceful Mahela Jayawardene, the first SSC member honored in the ICC Hall of Fame, which is a rare prestige bestowed on a cricketer.
Beyond cricket, SSC has cultivated national champions across various sports, who have brought credit not only to the club but also to our country.
Throughout its illustrious history, the club has had the honor of counting among its presidents a head of state and two prime ministers—a distinction that sets us apart.
In recognition of their invaluable contributions, our club rules now extend the honorary presidency to sitting heads of state, a testament to the esteemed role our leaders have played in shaping our legacy.
As the club’s 10th President, I am deeply humbled to follow in the footsteps of such esteemed leaders. From its humble beginnings, SSC has grown into a beacon of sporting prowess, boasting state-of-the-art facilities capable of hosting international cricket matches. I am confident that not too far in the distant future with the support of our energetic and youthful Minister of Sports and the Sri Lanka Cricket Board with whom the Club has maintained a close and cordial relationship, the Singhalese Sports Club will be able to host international day and night matches.
I extend heartfelt gratitude to my predecessor, Mr. W.T. Ellawala, whose dedicated leadership has steered the club’s growth. I also wish to acknowledge the unwavering commitment of our office bearers and Executive Committee members, whose selfless efforts have been instrumental in shaping the club’s trajectory.
As we reflect on 125 years of remarkable journey, it is clear that our club’s foundation is strong and is most certainly poised to endure for generations to come.
Your Excellency, may I also take this opportunity to most respectfully urge you to contemplate transferring ownership of the properties of cricket clubs’, which have stood for over a century, to their respective members’. It is our humble view that this magnanimous act would ensure the preservation and continuation of the rich traditions and history of these institutions, fostering an environment where future generations of cricketers can thrive and flourish.
Finally, Ladies and gentlemen, let me conclude by inviting you to join me in proposing a toast to this “legacy of excellence”. I do not wish to inconvenience you to be upstanding. However please join me in raising your glasses -To the Singhalese Sports Club—a symbol of excellence, unity, and enduring legacy for many more generations to come.
Thank you all for joining us in this momentous celebration. May you enjoy the evening’s festivities to the fullest.
News
Report on the Final Budgetary Condition (Annual Report) – 2025 submited to parliament
As per the provisions of section 51 of the Public Finance Managaement Act No. 44 of 2024, the public should be issued with a report on the final budgetary situation for each year and, the report is then published in the official website of the Ministry of Finance, Planning and Economic Development.
Thereby the report has to be submitted to the Parliament. The final budgetary situation report (Annual Report) – 2025 has been prepared by the Ministry of Finance, Planning and Economic Development and published. The report contains the Public Finance Policy, strategies and challenges, economic trends in 2025, macro – economic and socio – economic indicators covering all sectors of the economy as well as description on the global economic growth.
Furthermore, it accompanies a detailed description government revenue and expenditure, cash flow management, financing the budget deficit and the loan structure.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the Report on the Final Budgetary Condition (Annual Report) – 2025 to Parliament.
Business
Cabinet nod to accept increased Loan Grant provided by the Asian Development Bank under Policy Based Loan Facilities – 2026
Approval of the Cabinet of Ministers was granted at their meeting held on 16.03.2026 to obtain United States Dollars 380 million from the policy – based loan facilities of the Asian Development Bank in the year 2026.
United States Dollars 100 million out of it is allocated for Trade, Investment and Industries Development Programme – Sub Programme 1. However, amidst the economic uncertainty resulting from the current Middle East crisis and the climatic tragedies, the Asian Development Bank has agreed to assist
by increasing a supplementary financing package of United States Dollars 100 million so that it will beMincreased up to United States Dollars 200 million.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to take further measures to obtain the said loan grant.
News
Submission of Revenue Protection Order Prepared under the Provisions of the Revenue Protection Act No. 19 of 1962 to the Parliament for its approval.
Approval of the Cabinet of Ministers was given at the meeting held on 23.02.2026 to impose the custom import duty amounts under four (04) categories as 0%, 10%, 20%, and 30% which had been executed only under three (03) categories in order to increase the target export income of the country, to execute the
recommendations of the national customs duty policies committee, and to implement new national sub division customs codes for promoting the local agricultural and industrial sector.
Imposing provisions in relation to the above, the Revenue Protection Order – No. 01/2026 under the Revenue Protection Act No. 19 of 1962 has been published in the extraordinary gazette notification No. 2478/03 of 03.03.2026.
Accordingly, the Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to submit the said revenue protection order to Parliament for its concurrence.
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