News
Chief Govt. Whip confident teachers will return to work tomorrow

Chief Government Whip and highways Minister Johnston Fernando says the government is confident that teachers will return to work on Thursday (21), despite the JVP’s efforts to sabotage the reopening of schools. The JVP has denied the allegation.
Speaking to journalists after a meeting at the Kurunegala District Secretariat on Monday to review arrangements in place for the first stage of reopening of schools shut down following the pandemic outbreak, the Minister said: “Ours is a history with teachers giving high priority to children’s education. Even during the times of JVP terror during the 1987-89 period, teachers reported for work while the JVP threatened to kill them if they did so. Some teachers and principals were shot dead by JVP death squads and some of the victims were beheaded to scare others. We hope that teachers will defy threats from the JVP and report to work on 21 Oct.”
Asked whether any disciplinary action would be taken against those who would not report to work on that day, the minister said that such actions were regular administrative procedures. “It is expected that those who draw salaries as public servants should report to work when they are asked to. Those procedures are outlined in the Establishment Code. This is the usual procedure applicable to all public servants. Responding to a query from a journalist about the soaring prices of essential commodities, the Minister said: “As I have said in many other forums, this is a temporary outcome triggered by the pandemic-related developments. In the face of the pandemic, our first priority, as a government, was to save lives. Some limits had been imposed to achieve that goal. Such limits resulted in queues and price increases. Now the situation is changing fast and an unreeling effect is seen. Limits have been removed and queues are decreasing so that the prices will settle soon. I assure you that the situation will reach its normalcy in a few weeks. Shortages are temporary, even in the UK there is a similar situation in fuel distribution. The Opposition’s attempts to capitalise on those temporary crises will not be successful. For example, UNP’s trade union leaders said that there would be fuel shortages. That created panic among the public and people rushed to fuel stations to get fuel. That created queues but soon people understood that there is no fuel shortage and queues no longer are there near fuel stations. The Opposition could resort to such tactics but we as a government would not let people suffer,” Minister Fernando said.
Asked to comment on statements by political leaders of a possible election and whether the government politicians were in a position to visit their electorates to get votes, the Minister said: “We have no problem in going to our electorates. The Opposition seems to think that we cannot. It’s their wishful thinking but not the reality. They thought the same soon after the COVID-19 outbreak. They even predicted that we would not be able to hold elections stating it would take at least three days for people to cast votes if a one meter gap was maintained between two persons in the polling booths. At the end we held the election and people gave us two-third powers. We should hold elections on time. It is the Yahapalana method of governance to delay elections. We will not delay elections because we have not been permanently marred with crimes such as the Treasury bond scams.”
Asked to comment on the possibility of the SLFP, which is an allied party of the government, going solo in politics, the minister said: “You should ask them about it.”Responding to a question whether the government does not need the SLFP support, the Minister said: “We have not told anyone that we do not need support. Yet, if anyone thinks of taking an independent stance, it is up to them to decide. We cannot make decisions for other parties. There is no point in asking us about the affairs of their party, you should ask them.”
Asked to comment on the Opposition Leader’s statement that the incumbent government which came to power promising to create a land of prosperity has created a wasteland, the minister said: “We accepted a wasteland. During the last months of the Yahapalana government they could not even get the Municipal workers to remove garbage that piled up along the road sides. We cleared them all within 48 hours of assuming office. Opposition Leader Premadasa has forgotten who imported garbage to this country.”Commenting on the fertiliser issue, the minister said that the government had recognised it as a very sensitive issue. “We have also identified who is behind the protesting farmers. The farmers are being instigated and led to the road by the JVP that set hundreds of agrarian centres on fire during the period of 1989-90. The SJB and UNP too are running after them. All those three parties had in their manifestos that the country should go for organic fertiliser. Now we have started it and they are trying to find fault with it,” the Minister said.Wayamba Province Governor Raja Collure, Chairman of the Kurungegala District Development Committee Gunapala Ratnasekera, Kuruegala District Secretary R.M.R. Ratnayake, provincial education ministry officials, education zonal and divisional officials and the police attended the meeting that focused on health and hygienic measures to be taken in view of reopening of schools.
Business
Sri Lanka’s foreign reserves up by USD 2billion over the past year – Acting Finance Minister

Acting Finance Minister Ranjith Siyambalapitiya during a press conference held today (21) at the Presidential Media Center, focusing on the theme of ‘Collective Path to a Stable Country’ said that over the past year, the government successfully increased the country’s foreign reserves from 1.8 billion dollars to 3.8 billion dollars.
He added that in August 2022, the exchange rate stood at Rs. 361 per dollar, but by August 2023, one dollar could be acquired for Rs. 321. This shift is not the result of artificial control but rather a reflection of the rupee’s value adjusting in response to supply and demand for the dollar, which holds significant economic importance.
The interest rate for deposits, previously at 14% in 2022, has been lowered to 11%, while the loan interest rate, previously at 15.5%, has been reduced to 12% this year. Notably, last year, the primary account deficit was Rs. -247 billion, but this year it has turned into a surplus of Rs. 27 billion. This marks the first surplus in the primary account balance in over 40 years.
Tourist arrivals, which numbered 496,430 in 2022, have surged to 904,318 during the first two quarters of this year. Equally impressive is the growth in tourism earnings, which rose from 832.6 million US dollars in 2022 to 1,304.5 million US dollars in the first two quarters of this year, reflecting a remarkable 56.7% increase compared to the previous year.
In the past year, the amount of money remitted by Sri Lankans living abroad to Sri Lanka has surged from 2,214.8 million US dollars to 3,862.7 million US dollars this year, marking a remarkable 74.4% increase according to data from the Ministry of Finance.
On August 1, 2022, the QR code system was introduced as a measure to manage petroleum demand due to foreign exchange shortages. This led to a significant disparity between normal demand and supply, resulting in a notable increase in diesel consumption by 28% and petrol consumption by 83% in June 2023, when the QR system was partially relaxed. However, as of September 1, the QR code system, which directly impacts economic growth, has been completely lifted.
Upon assuming office, President Ranil Wickremesinghe faced a daunting challenge of addressing a 14-hour power outage, which had a direct impact on the economy. Presently, the government ensures a continuous and stable electricity supply to the population.
As of August 23, 2023, there were 1467 imported goods banned due to foreign exchange shortages. Currently, the ban applies to only 279 items. Furthermore, the import of vehicles, which had been halted in 2020, now includes buses and trucks for public transport.
In April 2022, the country faced difficulties in meeting its debt obligations. However, the government has since secured the first installment under the International Monetary Fund’s Extended Credit Scheme, contributing to stabilizing the country’s economy compared to the previous year.
(PMC)
News
President Wickremesinghe meets US President Joe Biden in New York

President Joe Biden of the United States and President Ranil Wickremesinghe engaged in a cordial meeting in New York on Thursday (20).
The high-profile meeting took place amidst a lavish dinner hosted by President Biden, for all the heads of state who had participated in the 78th session of the United Nations General Assembly.
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