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Withdrawing from the IMF agreement would jeopardize the trust in Sri Lanka’s economy – President
President Ranil Wickremesinghe extended an invitation to all political party leaders in the Parliament to engage in discussions with the Managing Director of the International Monetary Fund (IMF) on the implementation of the agreement with the IMF.
Emphasizing the importance of unity in leading the country to success, he reiterated that withdrawing from the agreement would jeopardize the trust in Sri Lanka’s economy. The President stressed that the nation’s economy suffered due to the politics of promises, emphasizing the need for all political parties to formulate comprehensive plans for the country’s development when gearing up for an election.
President Ranil Wickremesinghe made these remarks during the International Customs Day celebrations at the Colombo Customs Headquarters this morning (26).
The President expressed gratitude to all members of the Customs Department for their contributions to the customs revenue in 2023. Highlighting customs tax, VAT and income tax as the three primary sources of income globally, the President stressed the importance of enhancing the efficiency of the customs service to boost the country’s revenue. He further noted that upcoming government legislation and modernization initiatives will overhaul all public revenue-generating institutions.
President Ranil Wickremesinghe delivered six Certificates of Merit to customs officials for rendering exceptional services to the International Customs. The Director General of Sri Lanka Customs, Sarath Nonis, presented the Strategic Plan for 2024 to President Wickremesinghe and State Minister for Finance, Ranjith Siyambalapitiya.
Additionally, a memento was presented to the President by the Director General of Sri Lanka Customs.
President Ranil Wickremesinghe, offering additional remarks, stated:
“The Customs Department holds a significant historical position, being considered one of the oldest government departments in Sri Lanka. Historical records indicate that customs taxes were collected around 2000 years ago at the ancient port of Manthai. From the Anuradhapura era, through the Kotte era and into the Kandy era, customs revenue has played a pivotal role in the nation’s existence.
I express my gratitude to the Customs Department for their contribution in helping us overcome the economic crisis faced in 2022. Customs duties, VAT and income taxes stand as the three primary sources of income for nations globally. In the contemporary landscape of international trade agreements, regional trade agreements and free trade agreements, our focus should be on enhancing income. To achieve this, the current customs services need to operate with efficiency.
While we are unable to allocate additional staff to your department, your commendable performance highlights the potential for substantial revenue improvement. There is a considerable journey ahead, and the government is firmly committed to the comprehensive modernization of customs and other revenue departments, which includes the imminent introduction of new legislation.
This initiative is a crucial component of the measures undertaken to steer the country out of the economic crisis. The decisions made in 2023 have paved the way for recovery from the economic downturn of 2022, although the journey is on-going. By the end of this year, our aim is to elevate the country’s income to 12% of the GDP. By 2026, we target a further increase to 15%.
To achieve this, income must be generated from the existing economy, necessitating economic development. The pressing question today is how to facilitate this economic growth. The out-dated economic system is incapable of propelling the country forward. The reliance on daily loans led to the collapse of the country’s economy. It is imperative to overhaul this economic system for sustainable progress.
We are still grappling with challenging times. In 2021, we faced shortages of essential goods, including medicine, fertilizer and fuel. Today, these necessities are available, with associated costs. The Cost of living is still felt by everyone. Economic development is crucial to alleviating these issues. While it is a wish that the economic damage of 2022 could be swiftly undone, the reality is that we need to transition to a new economy.
To stimulate economic growth, we must focus on a competitive market, bolster exports, and increase foreign exchange reserves. An agreement with Thailand is set to be signed on February 3rd, marking an opportunity for collaboration. While Thailand shares a Theravada Buddhist heritage with Sri Lanka, our respective economic paths have diverged, leading to discernible differences today.
Our actions today shape the future economy of our country. It necessitates thoughtful consideration and discussion. Political parties should engage in meaningful dialogue, especially when preparing for elections, understanding the intricacies of addressing the country’s challenges.
It is imperative to carefully consider the future trajectory of our nation’s economy through open discussions. Political parties should engage in thorough deliberations, articulating strategic steps to address the challenges facing our country. Achieving solutions demands thoughtful discourse and a united commitment to charting a realistic economic path forward. Our emphasis should be on comprehensive discussions, steering away from impractical endeavours—symbolized by the metaphorical notion of bringing rice from the moon. Continuous evaluation and, when needed, adaptation of existing programs should be integral to our on-going conversation and collective dedication to progress.
Our country has recently entered into an agreement with the International Monetary Fund, a pact signed by numerous countries, including 15-20 others. It is an agreement we cannot simply walk away from, necessitating collective discussion and consideration. However, the unfortunate reality is that our political landscape often resembles the fleeting nature of “papadam” —put in the pan, enjoyed when it blooms, and soon forgotten. The cycle repeats, with new issues emerging, gaining momentary attention, and eventually fading into oblivion.
We raised concerns on social media, vehemently opposing certain drafts, only to witness them become law despite public outcry. The Anti-Terrorism Act is now looming on the horizon, met with similar protests, yet risks being consigned to collective amnesia. Similarly, the introduction of the TRC Act sparked fears about the demise of free education, but these worries, too, eventually dissipated. This cyclical nature of political discourse has contributed to the challenges our country currently faces, a reality we must not lose sight of.
We must have the strength to transcend our current predicament, recognizing that this decision impacts not only our own future but also that of our children. Hence, I urge all political party leaders in parliament to engage in discussions regarding our stance on the agreement with the IMF and whether any amendments are deemed necessary.
Following these discussions, I am willing to extend an invitation to the Managing Director of the IMF to participate in a collective dialogue here. Let us collaboratively explore different perspectives and propose modifications if deemed beneficial. While the amendment process is open for consideration, it is imperative to acknowledge the existing agreement and work towards its implementation.
(PMD)
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UN votes to recognise enslavement of Africans as ‘gravest crime against humanity’
The United Nations General Assembly has voted to recognise the enslavement of Africans during the transatlantic slave trade as “the gravest crime against humanity”, a move advocates hope will pave the way for healing and justice.
The resolution – proposed by Ghana – called for this designation, while also urging UN member states to consider apologising for the slave trade and contributing to a reparations fund. It does not mention a specific amount of money.
The proposal was adopted with 123 votes in favour and three against – the United States, Israel and Argentina.
Fifty-two countries abstained, including the United Kingdom and European Union member states.
Countries like the UK have long rejected calls to pay reparations, saying today’s institutions cannot be held responsible for past wrongs.
Unlike UN Security Council resolutions, those from the General Assembly are not legally binding, though they carry the weight of global opinion.
“Let it be recorded that when history beckoned, we did what was right for the memory of the millions who suffered the indignity of the slave trade and those who continue to suffer racial discrimination,” Ghana’s President John Mahama told the assembly ahead of the vote.
”The adoption of this resolution serves as a safeguard against forgetting. It also challenges the enduring scars of slavery,” he said.
Earlier, his foreign minister, Samuel Okudzeto Ablakwa, told the BBC’s Newsday programme: “We are demanding compensation – and let us be clear, African leaders are not asking for money for themselves.
“We want justice for the victims and causes to be supported, educational and endowment funds, skills training funds.”
The campaign for reparations has gained significant momentum in recent years – “reparatory justice” was the African Union’s official theme for 2025 and Commonwealth leaders have jointly called for dialogue on the matter.
Ablakwa also said that, with the resolution, Ghana was not ranking its pain above anyone else’s, but simply documenting a historical fact.
Between 1500 and 1800, around 12-15 million people were captured in Africa and taken to the Americas where they were forced to work as slaves. It is estimated that over two million people died on the journey.
[BBC]
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Meta and YouTube found liable in landmark social media addiction trial
A Los Angeles jury has handed down an unprecedented win for a young woman who sued Meta and YouTube over her childhood addiction to social media.
Jurors found that Meta, which owns Instagram, Facebook and WhatsApp, and Google, owner of YouTube, intentionally built addictive social media platforms that harmed the 20-year old’s mental health.
The woman, known as Kaley, was awarded $6m (£4.5m) in damages, a result likely to have implications for hundreds of similar cases now winding their way through US courts.
Meta and Google said separately that they disagreed with the verdict and would both appeal. Meta said: “Teen mental health is profoundly complex and cannot be linked to a single app.
“We will continue to defend ourselves vigorously as every case is different, and we remain confident in our record of protecting teens online.”
A spokesperson for Google said: “This case misunderstands YouTube, which is a responsibly built streaming platform, not a social media site.”
Jurors found that Kaley should receive $3m in compensatory damages and an additional $3m punitive damages, because they determined Meta and Google “acted with malice, oppression, or fraud” in the way the companies operated their platforms.
Meta will be expected to shoulder 70% of Kaley’s damages award, with Google the remaining 30%.
Parents of other children, who are not part of Kaley’s lawsuit but claim they also were harmed by social media, were outside the courthouse on Wednesday, as they had been many days throughout the five-week trial.
When the verdict came through, parents like Amy Neville were seen celebrating, and hugging other parents and supporters who had been waiting for a decision.
The LA verdict came a day after a jury in New Mexico found Meta liable for the way in which its platforms endangered children and exposed them to sexually explicit material and contact with sexual predators.
Mike Proulx, a research director for Forrester, said the back-to-back verdicts underline a “breaking point” between social media companies and the public.
In recent months, countries such as Australia have imposed restrictions for children to stop or limit their use of social media. The UK is currently running a pilot program to see how a ban of social media for people aged under 16 may work.
“Negative sentiment toward social media has been building for years, and now it’s finally boiled over,” Proulx said.
During his appearance before the jury in February, Mark Zuckerberg, Meta’s chairman and chief executive, relied on his company’s longstanding policy of not allowing users under the age of 13 on any of its platforms.
When presented with internal research and documents showing that Meta knew young children were, in fact, using its platforms, Zuckerberg said he “always wished” for faster progress to identify users under 13. He insisted the company had reached the “right place over time”.
While Google, as the owner of video-sharing site YouTube, was also a defendant in the case, most of the trial proceedings focused on Instagram and Meta.
Snap and TikTok were also initially defendants, but both companies reached undisclosed settlements with Kaley prior to trial.
As for Kaley’s lawyers, they argued that Meta and YouTube had built “addiction machines” and failed in their responsibility to prevent children from accessing their platforms.
Kaley said she started using Instagram aged nine and YouTube aged six, and encountered no attempts to block her because of her age.
“I stopped engaging with family because I was spending all my time on social media,” Kaley said during her testimony.
Kaley said she was 10-years-old when she started having feelings of anxiety and depression, disorders for which she would be diagnosed years later by a therapist.
She also started to obsess about her physical appearance and began using Instagram filters that would change the way she looked – making her nose smaller and her eyes bigger – almost as soon as she started using the platform as a child.
Kaley has since been diagnosed with body dysmorphia, a condition which causes people to worry excessively about their physical appearance and prevents them from seeing themselves as others do.
Her lawyers argued that features of Instagram, like infinite scroll, were designed to be addictive.
Meta’s growth goals were aimed at getting young people to use its platforms, Kaley’s lawyers said.
Using testimony from experts and former Meta executives, they argued the company wanted young users because they were more likely to stick with its platforms for longer stretches of time.
When lawyers for Kaley told Adam Mosseri, the head of Instagram, that her longest single day of use of the platform stretched to 16 hours, he denied that it was evidence of an addiction.
Instead, he called a teenager spending most hours of the day on Instagram “problematic”.
Lawyers for Kaley said Wednesday that the jury’s verdict “sends an unmistakable message that no company is above accountability when it comes to our children.”
Another case against Meta and other social media platforms over their alleged harms to children is poised to begin in June in California federal court.
[BBC]
Latest News
Heat Index at ‘Caution level’ in the Western, Sabaragamuwa, Southern and North-western provinces and in Anuradhapura, Mannar, Vavuniya and Monaragala districts
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology
at 3.30 p.m. on 25 March 2026, valid for 26 March 2026.
The Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in the Western, Sabaragamuwa, Southern and North-western provinces and in
Anuradhapura, Mannar, Vavuniya and Monaragala districts.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.

Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry
of Health in this regard as well. For further clarifications please contact 011-7446491.
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