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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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No-confidence motion against Justice Minister should be supported by facts as members’ noise does not establish facts – PM
“Our mandate is to establish the rule of law and restore respect and confidence in Sri Lanka’s justice system”
Prime Minister Dr. Harini Amarasuriya made these remarks in Parliament on Friday [July 24] while pparticipating in the parliamentary debate on the no-confidence motion against the Minister of Justice and National Integration, the Prime Minister emphasized that the Opposition had failed to substantiate its allegations with facts and had instead relied on rhetoric and personal attacks.
The Prime Minister further stated,
“There is no doubt that the incident that occurred on 5 and 6 July was tragic, and the loss of life is unacceptable. It is not something that can be accepted or condoned in any way.
Members of the Opposition must establish, through evidence and facts, how exactly the Minister of Justice and National Integration is solely responsible for what happened, and how his conduct before, during and after the incident amounted to a breach of trust. Noise, personal attacks, venom and rhetoric do not establish facts.
What we are hearing today is a distortion of the truth, misrepresentation of facts, half-truths at best, and a deliberate effort to viciously attack a member of the Cabinet. That does not establish the intent of this no-confidence motion.
The Prime Minister further noted that many of the structural deficiencies within the prison system predated the current administration and had remained unresolved for years.
She noted that longstanding vacancies in the prison service had persisted since 2022 but that the present Government had taken steps to address them.
“During the past year, 695 prison guards have been recruited, a further 190 recruitments are underway, and 18 Assistant Superintendents have been appointed. This is the first time since 2022 that these vacancies have begun to be filled.”
The Prime Minister further emphasized that the reforms undertaken to strengthen the Government Analyst’s Department, including filling vacancies, allocating funds for essential equipment, initiating procurement processes, and reviewing procedures to improve efficiency.
Addressing the need to ensure that the numbers of people in the remand are reduced , the Prime Minister stated legal reforms were already in progress, including amendments to the Poisons and Dangerous Drugs Act, which will soon be presented to Parliament. The Prime Minister stated that, “It is not that the Minister has failed to address these issues. Law reform does not happen overnight. It requires due process, and those processes are well underway.”
The Prime Minister also outlined measures taken by the present Minister of justice and national integration to improve prison conditions, including expanding healthcare services for prisoners and prison staff in collaboration with the Ministry of Health, introducing inpatient and specialized medical services, appointing new healthcare personnel, and improving access to treatment.
In addition, she highlighted rehabilitation initiatives aimed at reducing reoffending, including community rehabilitation programmes and vocational training to equip prisoners with employable skills upon release.
Reaffirming the Government’s commitment to comprehensive justice sector reforms, the Prime Minister further stated,
“Our mandate was to establish the rule of law and restore respect and confidence in Sri Lanka’s justice system.”
Prime Minister Dr. Harini Amarasuriya emphasized that the Government inherited a justice system that had been weakened by years of systemic corruption, institutional inefficiencies, and longstanding structural shortcomings. The Prime Minister further stated,
The task of cleaning up such a corrupted system is not easy. This incident is also needed to understand in that particular context of how the prison system was operated in the past It is this corrupted system that the Minister has been entrusted with the responsibility of cleaning up. This involves investigation within the Institution itself. It is not a easy task. This government has undertaken this difficult challenge.
It is very clear that this opposition so far will not be able to establish any facts that support the motion that they have brought forward. This is rhetorical exercises. This is not about justice system. This is another cheap effort by the opposition to get attention and part of a push back against the very reforms the government and the ministry has been undertaken”.
[Prime Minister’s Media Division]
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Develop a programme to allocate underutilised state land for investment by returning migrant workers – President
President Anura Kumara Dissanayake has instructed the relevant authorities to formulate a programme to allocate underutilized land, together with the necessary project support services, to Sri Lankan migrant workers returning home upon the completion of their overseas employment.
The President issued these instructions during a discussion held on Friday (24) afternoon at the Presidential Secretariat to review the progress of projects implemented under the 2026 budget allocations for the Ministry of Plantation and Community Infrastructure and to consider the Ministry’s proposals for the 2027 Budget.
The meeting included a comprehensive review of the progress of development projects being implemented by the Plantation Sector, the Community Infrastructure Sector and institutions under the State Plantation Companies operating within the Ministry. Discussions also focused on priorities, funding requirements and planned initiatives for 2027.
The meeting also reviewed key plantation sector initiatives being implemented under capital allocations of Rs. 1,081 million, including the estate land surveying programme, the disease management of coconut, the Kapruka Fund, initiatives to increase coconut production and the Northern Coconut Triangle Programme.
President Dissanayake also assessed the progress of ongoing infrastructure development programmes in the plantation sector. The President emphasised the importance of completing the project to construct 10,000 houses for the Malayagam community within the stipulated time-frame and handing them over to the beneficiaries without delay.
The President further noted that weaknesses in the implementation mechanisms for projects financed through foreign grants and loan assistance had resulted in certain allocated funds remaining underutilised or being returned.
President Dissanayake also reviewed the progress of the relief programme implemented to support the replanting of plantation crops, including tea, coconut and rubber that were damaged by the Ditwah disaster situation.
It was revealed during the discussion that the tea, coconut, rubber, cashew and palmyrah sectors, along with plantation infrastructure development activities, have recorded growth and improved profitability this year compared to the previous year. In particular, six state plantation companies, including Elkaduwa Plantations Limited, Kurunegala Plantations Limited, Chilaw Plantations Limited, Sri Lanka State Plantation Corporation, Janatha Estates Development Board and Kalubowitiyana Tea Factory Limited, are making significant progress in increasing their profitability.
Special attention was also given to crop production and related crop improvement programmes implemented by the Tea Research Institute, research and development activities and initiatives launched to support the replanting of smallholder tea plantations.
It was revealed during the discussion that approximately 60,000 hectares of Sri Lanka’s tea cultivation consists of smallholder tea plantations. Of the Rs. 450.06 million allocated in the 2026 Budget for the replanting of smallholder tea plantations, Rs. 155.07 million has already been utilised.
President Dissanayake also reviewed the progress of the 500 Tea Villages Programme implemented under the Tea Small Holdings Development Authority and instructed officials to expedite its completion by integrating the initiative with other rural development programmes, such as “Prajashakthi”, being implemented at the grassroots level.
The meeting also discussed the programme to revitalise rubber cultivation, including the allocation of Rs. 137 million in the 2026 Budget for the Rubber Research Institute, as well as the progress of rubber replanting initiatives and the challenges encountered during implementation.
In addition, discussions focused on the progress of programmes and research activities aimed at developing the coconut industry, enhancing productivity in coconut plantations, promoting new product development, increasing value addition and improving product quality.
The progress of programmes implemented under the Palmyrah Development Board and the Kithul Development Board to strengthen the palmyrah and kithul industries was also reviewed during the discussion.
It was revealed that Sri Lanka is expected to meet 18,000 metric tonnes of its annual cashew requirement of 25,000 metric tonnes this year, marking a significant increase compared to the previous year. The meeting also discussed the potential to expand cashew cultivation across approximately 15,000 hectares in the Northern and Eastern Provinces.
The progress of ongoing efforts to consolidate institutions within the plantation sector and the implementation of Cabinet decisions relating to non-commercial government-owned institutions were also reviewed. The meeting further discussed the need to update agreements entered into by previous governments when allocating lands to companies. Emphasising the importance of establishing stronger agreements regarding State-owned land allocations, President Dissanayake instructed that a committee be appointed through the Ministry of Finance to examine and address these matters.
The President also instructed officials to explore the possibility of offering courses conducted by the National Institute of Plantation Management through universities, in consultation with relevant higher education institutions.
Among those present were Minister of Plantation and Community Infrastructure Samantha Vidyarathna, Minister of Labour and Deputy Minister of Finance and Planning Anil Jayantha Fernando, Deputy Minister of Plantation and Community Infrastructure Sundaralingam Pradeep, Secretary to the President Dr. Nandika Sanath Kumanayake, Chief of Presidential Staff Prabath Chandrakeerthi, Senior Additional Secretaries to the President Russell Aponso and Kapila Janaka Bandara, Secretary to the Ministry of Finance, Planning and Economic Development Dr .Harshana Suriyapperuma and Secretary to the Ministry of Plantation and Community Infrastructure Gunadasa Samarasinghe. Chairpersons, Director Generals and senior officials of institutions under the Ministry of Plantation and Community Infrastructure also participated in the discussion.
[PMD]
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New Chairman and Members appointed to Delimitation Commission
President Anura Kumara Dissanayake has appointed M. K. Saman Sri Ratnayake as the new Chairman and a member of the Delimitation Commission.
M. B. Rohana Pushpakumara and K. Thavalingam have been appointed as the other members of the Commission.
The relevant letters of appointment were presented to them by Secretary to the President Dr Nandika Sanath Kumanayake at the Presidential Secretariat on Friday (24) afternoon .
The appointments have been made to fill the vacancies that arose following the expiry of the terms of office of the members of the Delimitation Commission.
[PMD]
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