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Harsha welcomes SL’s credit upgrading

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Harsha de Silva

SJB MP Dr. Harsha de Silva on Tuesday (24), described the recent upgrade of Sri Lanka’s credit rating as a positive development, not only for the government but for the entire economy.

Addressing the media at the SJB headquarters Dr. de Silva highlighted its significance, “Sri Lanka has been removed from the list of countries at risk of debt default by leading credit rating agencies such as Moody’s and Fitch Ratings. This is a momentous development for the nation. The previous government’s mismanagement of debt placed immense pressure on private sector investors. For example, during negotiations between Sri Lanka and India’s Adani Group over electricity tariffs, Adani raised concerns about Sri Lanka’s poor creditworthiness. Similarly, the downgraded credit rating discouraged other investors from considering Sri Lanka as a viable destination. This upgrade, therefore, is a relief for both the government and the economy.”

Dr. de Silva, however, noted that Sri Lanka has not yet achieved the credit rating necessary to borrow from international markets.

“To reach that milestone, the economy must be further strengthened,” he emphasised. He attributed the recent credit rating improvement to measures initiated in 2023 during the country’s economic crisis. These included parliamentary-approved reforms and stabilisation efforts.

He observed that the credit rating upgrade was the result of adhering to the International Monetary Fund (IMF) agreement without deviating from its fundamentals. “Before the election, the National People’s Power (NPP) pledged to introduce an alternative Debt Sustainability Analysis (DSA) for debt restructuring. However, when the opportunity for restructuring arose, no alternative DSA was implemented. Instead, the existing agreement was followed, ultimately benefiting the country,” he explained.

Dr de Silva also discussed the government’s recent decision to extend the gazette notification for rice imports until 10 January. He stressed the importance of setting a guaranteed price for paddy before the next harvest to support farmers. “Farmers affiliated with the NPP have demanded a guaranteed price of Rs. 130 per kilogram of paddy. If the government agrees to this price, will it revise the rice import gazette accordingly? Will the price of rice remain at Rs. 230 per kilo? If not, large-scale rice mill owners will exploit the situation by purchasing paddy from farmers at reduced prices, leaving them vulnerable once again,” he warned.

As a sustainable solution to the rice price issue, Dr. de Silva proposed reviving the Shakthi Rice Enterprise, a cooperative initiative launched during the Good Governance administration to support small- and medium-scale rice millers. “The solution lies in restarting the Shakthi Rice Enterprise, which previously operated in eight districts. Neglecting this initiative would be a mistake,” he concluded, urging the government to take decisive action to stabilise the rice market and safeguard the livelihoods of farmers.



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Government briefs Diplomatic Community on recovery progress

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A special briefing for the diplomatic community in Sri Lanka was held on 4 December at the Ministry of Foreign Affairs, Foreign Employment and Tourism, chaired by Prime Minister Dr. Harini Amarasuriya together with the Minister of Foreign Affairs, Foreign Employment and Tourism,  Vijitha Herath. Senior government officials, including representatives of the Disaster Management Centre (DMC) and the Sri Lanka Tourism Development Authority (SLTDA), also participated.

Opening the session, Prime Minister Dr. Harini Amarasuriya expressed her gratitude  to the diplomatic community for their immediate support and solidarity following the recent floods and landslides. She noted that Sri Lanka had endured one of the most severe disasters in recent years, but the resilience of the people and the coordinated efforts of government agencies had enabled a rapid response and significant progress in relief operations. She confirmed that not a single tourist has been reported harmed during the disaster and noted that the previously inaccessible areas are now reachable. Massive cleanup and decontamination operations are underway to ensure that lands and public spaces are safe for return, and communications have been restored in the affected areas.

The Prime Minister emphasized that relief, evacuation, and emergency assistance were carried out with the collective effort of the tri-forces, police, public officers, health workers, volunteers, and local authorities. She acknowledged the continuing challenges, including the restoration of infrastructure, resettlement needs, and long-term disaster-mitigation work, and welcomed the technical, humanitarian, and financial support offered by partner countries.

Maj. Gen. Sampath Kotuwegoda (Retd), Director General of the Disaster Management Centre, delivered a detailed presentation on the current status of the disaster, including the number of affected families, evacuation centres, damage assessments, and the ongoing coordination with international agencies for recovery planning. The cyclone affected almost the entire country, with 22 districts severely impacted. Some locations recorded up to 540 mm of rainfall and winds of up to 70 km/h, causing widespread infrastructure damage. Early assessments indicate that 2.3 million people were exposed to flooding, with 1.8 million people directly affected on the ground and 1.1 million hectares of land impacted. The assessment also identified 40,152 pregnant women among those affected, who have been prioritized for support. He also highlighted areas where further technical cooperation, such as early-warning systems, mapping capabilities, and climate-response technologies would be valuable.

Buddhika Hewawasam, Chairman of the Sri Lanka Tourism Development Authority, briefed the diplomatic community on the impact of the disaster on the tourism sector. He reassured attendees that major tourism zones remain operational, safety assessments are underway, and contingency measures have been activated to support visitors and protect the industry during the upcoming peak season. The Chairman of the Hotel Association of Sri Lanka Ashoka Hettigoda confirmed that the Coastal and resort hotels from Maravila to Passikudah are operating, with many reporting 60–65 percent occupancy; the hotels in Nuwara Eliya are partially operational. He made an appeal that the best assistance that the international community can give to Sri Lanka is the continued support provided through tourism.

Several diplomats conveyed their condolences to affected communities and reaffirmed their governments’ readiness to assist Sri Lanka in both immediate relief efforts and long-term rebuilding. They expressed appreciation for the government’s transparent engagement and the coordinated approach to managing the crisis.

Prime Minister thanked the diplomats for their continued cooperation and underscored the government’s commitment to ensuring an effective and inclusive recovery. She stressed that strengthening disaster preparedness, climate resilience, and institutional capacity will be central to Sri Lanka’s national development agenda moving forward. Deputy Minister of Foreign Affairs, Foreign Employment and Tourism,  Arun Hemachandra, Secretary to the Prime Minister, Pradeep Saputhanthri, and Secretary to the Ministry of Foreign Affairs, Ms. Aruni Ranaraja, also attended the meeting.

[Prime Minister’s Media Division]

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All parties have agreed to recruit Development Officers into the teaching service through a competitive examination – PM

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Addressing Parliament on Friday  (05), the Prime Minister stated that, in accordance with the Supreme Court decision, the recommendations issued by the Public Service Commission, and the Sri Lanka Teachers’ Service Minute, all parties have agreed to recruit teachers through a competitive examination. The Prime Minister further noted that during the second phase of the recruitment process, the Development Officers currently serving in schools will be given preference during the interviews.

Addressing further, the Prime Minister stated,

“In compliance with the final order of the Supreme Court and the provisions of the Sri Lanka Teachers’ Service Minute, the Development Officers will be given the opportunity to join the Sri Lanka Teachers’ Service.

It has been decided to revise the maximum age limit of 40 years, as specified in the examination notification for applicants, to 45 years for this instance only”.

The Prime Minister further stated that, in accordance with the Supreme Court decision, arrangements have been taken to revise the age limits for graduates employed in the public service and graduates not employed in the public service, and to conduct separate examinations accordingly, in order to recruit teachers to Grade 3. i (a) of the Teachers’ Service to fill the available vacancies.

[Prime Minister’s Media Division]

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“Our people have shown extraordinary resilience.” – PM

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Prime Minister Dr. Harini Amarasuriya said that despite the recent devastation caused by severe flooding and landslides, Sri Lanka continues to recover rapidly due to the exceptional strength and solidarity demonstrated by the people. “We have taken a blow, but we are far from fallen. Our people have shown remarkable resilience, and that spirit has carried us through every crisis we have faced,” she stated while addressing the visiting NASSCOM Executive Committee and SLASSCOM leadership during their interaction held on 4th December at ICT Rathnadeepa Hotel, Colombo.

The meeting brought together NASSCOM—the apex body of India’s technology industry representing over 3,000 companies—and SLASSCOM, Sri Lanka’s national chamber for the IT and BPM sector with more than 350 member companies, to discuss digital-economy collaboration, investment opportunities, and the path forward for Sri Lanka’s ICT landscape.

The Prime Minister thanked the NASSCOM delegation for proceeding with their annual visit to Sri Lanka despite the country’s recent challenges, noting that their presence sends a strong message of confidence in Sri Lanka’s stability and recovery. She explained that the government, together with the World Bank and the United Nations, is conducting short- and long-term assessments to guide reconstruction efforts, which will include resettlement, improved disaster preparedness, flood control, and major infrastructure restoration.

During the discussion, the Prime Minister highlighted that Sri Lanka’s economic recovery plan remains firmly on course. She noted that the government has set a medium- to long-term target of 7% economic growth and emphasized two key priorities relevant to the visiting technology leaders: export diversification and accelerating the digital economy. “We are committed to developing a strong digital economy. This is an area where we look forward to India’s continued collaboration and partnership,” she said.

Responding to questions on how digital transformation is progressing within government institutions, Prime Minister stated that the Ministry of Education has already begun implementing a National Education Management System, which is expected to be launched in January. She also noted that other ministries have commenced their own digitalisation work and will be ready to introduce their systems in the coming months.

The Prime Minister also welcomed an offer of support from an Indian technology company specialising in drones for disaster response, mapping, and geospatial data. The representative proposed extending technical assistance to improve Sri Lanka’s disaster-management capabilities, including documentation and real-time monitoring. In response, Prime Minister acknowledged that Sri Lanka must strengthen early-warning systems and invest in modern technologies to better manage future disasters, noting that inadequate systems had limited the ability to predict this year’s extreme rainfall.

Detailing the government’s broader reform agenda, the Prime Minister explained that regulatory frameworks, governance reforms, and digital transformation initiatives are underway to make Sri Lanka an attractive destination for major IT and BPM investments. She stressed that Sri Lanka aims to reach USD 5 billion in export value in the IT and BPM sector by 2030, supported by improved human-resource development, education reforms, and a national plan to expand skilled employment. She further highlighted that the government is working closely with India on digitising the public sector, implementing a universal digital ID system, and introducing integrated platforms such as the National Education Management System.

The NASSCOM delegation’s visit forms part of a long-standing collaboration between NASSCOM and SLASSCOM, aimed at strengthening Sri Lanka’s ICT sector and positioning the country as a strategic extension market for leading Indian and global technology industries. Their visit also coincides with SLASSCOM’s preparations for the 2026 NASSCOM Technology & Leadership Forum.

Deputy Minister of Digital Economy Eranga Weeraratne, Chief Advisor to the President on Digital Economy Dr. Hans Wijesuriya, Indian High Commissioner  Santosh Jha, and representatives from SLASSCOM and NASSCOM attended the event.

[Prime Minister’s Media Division]

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