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Lanka will slash defence expenditure, President says
There will be cuts in the defence expenditure in the coming interim budget, President Ranil Wickremesinghe has told Reuters in an interview on Thursday.Wicrkemesinghe said that overall state expenses would be slashed by a few hundred billion rupees, and these would be redirected to welfare and debt repayment.Sri Lanka would seek Japanese help on bilateral debt restructuring with the country’s main creditor nations, including China and India, he said.
“Someone needs to call in, invite the main creditor nations. We will ask Japan to do it,” President Ranil Wickremesinghe told Reuters.
The President added that he would travel to Japan next month to meet Japanese Prime Minister Fumio Kishida.Wickremesinghe said that Sri Lanka expectedan IMF facility between 2 billion and 3 billion US dollars.
An IMF delegation was expected to visit Sri Lanka by the end of August to reach a staff-level agreement. After Sri Lanka reached a staff-level agreement with the IMF, it had to start engaging with its creditors on debt restructuring, he said.The President also said that an interim budget will be presented in September. The budget will focus on fiscal consolidation measures agreed with the IMF, he added. A full budget will be presented in November and he will outline broader recovery plans, Wickremesinghe said.
“So, both those budgets will put out government policy. The first one on stabilization and the second one will look at recovery,” he told Reuters.
Wickremesinghe said he believes that the economy will see some recovery, in the second half of 2023. There will be a three percent revenue surplus by 2025, he said.
“I think we are restructuring to make Sri Lanka a very competitive, export-oriented economy,” he told Reuters.
Wickremesinghe has also said that he is not aware of any plans by former President Gotabaya Rajapaksa to return to the country in late August, as reported by some media.
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Indonesian Naval Ship ‘KRI SULTAN ISKANDAR MUDA – 367’ arrives in Colombo
The Indonesian Naval Ship, ‘KRI SULTAN ISKANDAR MUDA – 367’, arrived at the port of Colombo today (22 Jan 26) on a scheduled port call for logistics replenishment and a goodwill mission.
In keeping with time-honored naval tradition the ship was accorded a ceremonial welcome upon arrival.
The 90.71m – long Sigma Corvette FS is commanded by Commander Annugerah Anurullah.
During the stay in Colombo, the crew members of the ship are expected to visit some tourist attractions in the city limits.
Further, this visit provides an avenue to enhance professional interaction and courtesy engagements among two navies.
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Royal Navy of Oman Ship ‘AL SEEB’ calls at Port of Colombo
The Royal Navy of Oman Ship ‘AL SEEB’ arrived at the Port of Colombo on a logistics replenishment visit today (22 Jan 26).
The Sri Lanka Navy welcomed the visiting ship in compliance with naval traditions.
The 75m – long ship is commanded by Lieutenant Commander Hamad Bin Mohammed Aldarmaki. The port call will facilitate professional interaction and goodwill exchanges between the two navies.
During her stay in Colombo, crew members of the ship are expected to visit some tourist attractions in the city of Colombo.
News
Mechanism to be established involving university academics and experts for Education Reforms – President
President Anura Kumara Dissanayake stated that the Government is taking steps to establish a comprehensive mechanism, supported by an appropriate legal framework, to bring together university academics, experts and all relevant parties in order to resolve issues arising during the implementation of education reforms.
The President made these remarks during a discussion with the Federation of University Teachers’ Associations (FUTA) held on Wednesday (21) morning at the Presidential Secretariat.
During the discussion, FUTA members emphasized the challenges encountered while trying to implement educational reforms through a framework established by the National Institute of Education, in line with the current laws and regulations.
They further emphasized that while their association acknowledges the need for new education reforms, the urgency of such reforms is greater for students in rural schools than for those in urban schools.
The Federation of University Teachers’ Associations further stated that they appreciate the decision taken by the Government, under the leadership of the President, to address the issues arising from education reforms and affirmed their readiness to contribute to this process.
As a continuation of the previous discussion, proposals addressing the challenges faced by academics within the university system, along with possible solutions, were presented to the President. In response, the President emphasized that the Government would take all possible measures to safeguard the university system and strengthen education.
The discussion also covered proposed amendments to the Universities Act.
President Anura Kumara Dissanayake noted that, in the aftermath of the recent disaster, the Government has been effectively implementing a nationwide rebuilding programme, addressing economic stability, development and all critical sectors. The President also called upon university academics to actively support these reconstruction efforts.
The meeting was attended by Minister of Ports and Civil Aviation, Anura Karunathilaka, as well as representatives of the Federation of University Teachers’ Associations, including its President, Prof. P. R. Weerathunga, Vice President M. A. M. Sameem and Secretary Charudaththe Ilangasinghe.
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