Connect with us

News

JVP sees more money printing to give relief package

Published

on

NPP MP Dr. Harini Amarasuriya told The Island yesterday that the so-called Rs. 229 bn relief package offered by the government was nothing but an additional burden on the economy.

“This has been done with the intention of showing the people that the government has done something for them. The government has to borrow money or print it.

“It is likely that the government would opt for printing more money and distributing it them among the people. This would be seem a short term solution but it will not address the problems such as high inflation and the debt crisis. This offer would also not solve the current problems of gas and food shortages. It cannot help solve the problem of the collapse of livelihoods of people. This may have temporary results but after sometime it is we people who will have to suffer the consequences because it would be us who will finally have to pay for the cost of this decision,” Dr. Amarasuriya said.

(SI)



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

President Anura Kumara Disanayake holds discussions with Secretary of the Communist Party of China for Sichuan Province

Published

on

By

President Anura Kumara Disanayake, who was on a four-day state visit to China, met with Wang Xiaohui, Secretary of the Communist Party of China for Sichuan Province, this morning (17).

Chengdu, one of the happiest cities in China, is the capital of Sichuan Province and a leading city where the blend of cultural heritage and development harmoniously flourishes, offering its residents a high quality of life.

During the discussions, both sides explored the potential to elevate economic, trade, cultural, tourism, and intergovernmental relations between Sichuan and Sri Lanka to new heights. Sichuan’s significant achievements in various sectors, including energy, were acknowledged, and the President invited the Secretary of the Sichuan province to share their expertise and success stories with Sri Lanka.

President Disanayake emphasized that Sri Lanka is currently on a path to economic stabilization under a transparent and investor-friendly administration. He noted that the country is at a critical political turning point, with the current government empowered by a two-thirds majority granted by a united population from the north, east, west, and south. The government is fully committed to meeting the expectations placed upon it by its citizens.

Additionally, the President underscored Sri Lanka’s attractiveness as a destination for Chinese tourists and extended a warm invitation to the people of Sichuan to visit the island and experience its exceptional hospitality.

Joining the discussions were Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath and Minister of Transport, Highways, Ports and Civil Aviation Bimal Rathnayake.

[PMD]

Continue Reading

Latest News

Electricity tariffs reduced from midnight today – PUCSL

Published

on

By

The Public Utilities Commission of Sri Lanka (PUCSL)’s Director of Communications Jayanath Herath announced that the PUCL has decided to reduce electricity tariffs by an average amount of 20% overall for a six month period with effect from midnight today (17)

Accordingly, tariffs have been reduced by 29% for consumers who consume less than 30 units of electricity in the domestic sector.

The consumers who consume between 31 – 60 units of electricity in the domestic sector will receive a 28% reduction of the tariff.

The consumers who consume between 61 – 90 units of electricity in the domestic sector will receive a 19% reduction of the tariff

The consumers who consume between 91 – 180 units of electricity in the domestic sector will receive a 18% reduction of the tariff

The tariff reduction for Government Institution is 11%,  Religious Institutions is 21% ,  factories is 30% and for hotels is 31%

 

Continue Reading

News

Chief observer of the Election Observation Mission of the European Union (EU) Meets Prime Minister

Published

on

By

José Ignacio Sánchez Amor, Chief Observer of the Election Observation Mission of the European Union (EU) and Member of the European Parliament, met with Prime Minister Dr. Harini Amarasuriya at the Prime Minister’s Office on Thursday [16th January].

Carmen Moreno, Ambassador of the European Union to Sri Lanka, and the Deputy Head of the European Union Delegation to Sri Lanka, accompanied Mr. Sánchez Amor. Officials from the Ministry of Foreign Affairs and the Prime Minister’s Office also participated in the meeting.

[Prime Minister’s Media Division]

Continue Reading

Trending