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Working Together with the people is crucial for steering the nation towards gradual economic transformation – President

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Achieving economic success alone is not sufficient for a nation’s development, President Anura Kumara Disanayake emphasized today (04), highlighting that economic progress must be accompanied by social development and a transformation in political culture.

The President made these remarks during a discussion held at the Ministry of Finance with senior officials of the Treasury.

He stated that countries such as China, South Korea and Vietnam achieved significant economic transformation through decades of collective effort alongside the people.

The President emphasized that the responsibility of developing a country rests with individuals collectively and that everyone must work together in a united effort to achieve national goals.

President Disanayake stressed that as a political leader, he does not intend to impose his views on officials but rather reach necessary decisions through structured dialogue between experts in the public service and political leadership. He recalled that several past projects in Sri Lanka had failed due to arbitrary political interference.

The President instructed Treasury officials to implement structural reforms in key institutions based on core government policy, while maintaining strategically important sectors under state oversight. He urged the officials to act swiftly in this regard.

He also drew attention to key external factors likely to impact Sri Lanka’s economy, including the International Monetary Fund’s Extended Fund Facility programme, newly imposed tariffs from the United States, and the upcoming expiration of the GSP+ concessions in 2027.

Minister of Labour and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, Deputy Minister of Finance and Planning Harshana Suriyapperuma, Secretary to the Finance Ministry Mahinda Siriwardana and several senior Treasury officials were present at the discussion.

(PMD)



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Record prize money on offer at Australian Open

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The 2026 Australian Open, which is the first Grand Slam event of the season, starts on 18 January (BBC)

The Australian Open will offer a record prize pot of £55m at this year’s tournament – but players are said to be “disappointed” it does not represent a greater share of the Grand Slam’s total revenue.

Total prize money of A$111.5m represents a 16% increase on last year and is the largest player fund in the tournament’s history.

The singles champions will receive $4.15m (£2.05m) – a 19% increase on the amount which 2025 winners Madison Keys and Jannik Sinner took home.

All singles and doubles players competing at the season-opening Grand Slam will get a minimum increase of 10%.

“This increase demonstrates our commitment to supporting   tennis careers at every level,” said Tennis Australia chief executive Craig Tiley.

The move comes after a group of leading players ramped up the pressure on the Grand Slam tournaments  in October over increased prize money and greater player welfare.

But they are “likely to be disappointed” their key demands of the Australian Open and other Grand Slams have been “largely ignored”, a source close to the players’ group told BBC Sport.

(BBC Sports)

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ICC to Bangladesh: play in India or forfeit points

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Bangladesh are scheduled to play their first three matches of the T20 World Cup in Kolkata (Cricinfo)

Conflicting reports have emerged from the ICC’s call with the BCB on Tuesday over Bangladesh travelling to India to participate in the upcoming men’s T20 World Cup.

ESPNcricinfo has learned that in a virtual call on Tuesday, the ICC told BCB that it was rejecting the latter’s request to play Bangladesh’s matches outside India due to security concerns. The ICC is understood to have told the BCB that Bangladesh will need to travel to India to play the T20 World Cup or risk forfeiting points. The BCB, though, has claimed no such ultimatum has been relayed to them by the governing body.

There has also been no official communication issued by either the BCCI or BCB on the outcome of Tuesday’s call, which was arranged by ICC after BCB wrote in on Sunday asking to “consider” moving Bangladesh’s matches outside India.

The development comes nearly a month before the 20-team tournament starts in India and Sri Lanka from February 7 and concludes on March 8. Bangladesh, placed in Group C, are scheduled to play their first three matches in Kolkata: on February 7 (vs West Indies), February 9 (vs Italy) and February 14 (vs England) with their final group game, against Nepal, in Mumbai on February 17.

The BCB’s decision to write to ICC was triggered by the BCCI “instructing” Kolkata Knight Riders to  release  Bangladesh fast bowler Mustafizur Rahman, who the franchise had bought in the IPL auction in December for INR 9.2 crore.

The BCCI’s decision was notified to media by its secretary Devajit Saikia. However, Sakia did not provide the reason behind KKR being asked to release Mustafizur, who was the only Bangladesh player bought at the 2026 auction.

It is understood that the IPL Governing Council never met to discuss the situation, so questions remain about who exactly was involved in the Mustafizur decision other than Saikia.

(Cricinfo)

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UK and France to send troops to Ukraine if peace deal agreed

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(Pic BBC)

The UK and France have signed a declaration of intent on deploying troops in Ukraine if a peace deal is made with Russia, UK Prime Minister Sir Keir Starmer has announced.

After talks with Ukraine’s allies in Paris, he said the UK and France would “establish military hubs across Ukraine” to deter future invasion, while French President Emmanuel Macron later said thousands of troops may be deployed.

Allies also largely agreed robust security guarantees for Ukraine and proposed that the US would take the lead in monitoring a truce. But the key issue of territory is still being discussed.

Russia has repeatedly warned that any foreign troops in Ukraine would be a “legitimate target”.

Moscow has not yet commented on the announcements made in the French capital.

Russian President Vladimir Putin launched a full-scale invasion of Ukraine in February 2022, and Moscow currently controls about 20% of Ukrainian territory.

(BBC)

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