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IMF approves Sri Lanka’s bailout package under EFF; Sri Lanka can access up to $ 7 Bn

COLOMBO (News 1st); The IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF) that will enable Sri Lanka to access up to $7 billion in funding, reported the President's Media Division.President Ranil Wickremesinghe has expressed his gratitude for the support of the IMF and other international partners, said the PMD.It added that the President committed to full transparency in all discussions with financial institutions & creditors, & to achieve sustainable levels of debt through prudent fiscal management & an ambitious reform agenda.The IMF program is critical to achieving this vision & will help to improve Sri Lanka's standing in international capital markets, making it an attractive country for investors, talent, & tourists, said the President's Media Division.Earlier this month, Sri Lanka received IMF-compatible financing assurances from its official creditors, including Paris Club members, India and China, allowing the IMF to convene an Executive Board and consider Sri Lanka’s request for a loan.The program is expected to provide much-needed policy space to drive the economy out of the unprecedented challenges and instill confidence amongst all the stakeholders.President Ranil Wickremesinghe welcomed the announcement:“In the 75 years of Sri Lanka’s independence, there has never been a more critical period for ou economic future. Our official creditors have declared their support following continuous and positive engagements over the last few months, and we are pleased that the IMF Executive Board approved our program, enabling Sri Lanka to access up to US$ 7 billion in funding from the IMF and IFIs.

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Ranil Wickremesinghe - IMF approves Sri Lanka’s bailout package under EFF; Sri Lanka can access up to $ 7 Bn - newsfirst.lk - China - Usa - India - Sri Lanka

20.03.2023 / 20:09

IMF approves Sri Lanka’s bailout package under EFF; Sri Lanka can access up to $ 7 Bn

COLOMBO (News 1st); The IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF) that will enable Sri Lanka to access up to $7 billion in funding, reported the President's Media Division.President Ranil Wickremesinghe has expressed his gratitude for the support of the IMF and other international partners, said the PMD.It added that the President committed to full transparency in all discussions with financial institutions & creditors, & to achieve sustainable levels of debt through prudent fiscal management & an ambitious reform agenda.The IMF program is critical to achieving this vision & will help to improve Sri Lanka's standing in international capital markets, making it an attractive country for investors, talent, & tourists, said the President's Media Division.Earlier this month, Sri Lanka received IMF-compatible financing assurances from its official creditors, including Paris Club members, India and China, allowing the IMF to convene an Executive Board and consider Sri Lanka’s request for a loan.The program is expected to provide much-needed policy space to drive the economy out of the unprecedented challenges and instill confidence amongst all the stakeholders.President Ranil Wickremesinghe welcomed the announcement:“In the 75 years of Sri Lanka’s independence, there has never been a more critical period for ou economic future. Our official creditors have declared their support following continuous and positive engagements over the last few months, and we are pleased that the IMF Executive Board approved our program, enabling Sri Lanka to access up to US$ 7 billion in funding from the IMF and IFIs.

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Ranil Wickremesinghe - Temple Trees - Sri Lanka will be led to the path of success – President - newsfirst.lk - Sri Lanka

20.03.2023 / 08:31

Sri Lanka will be led to the path of success – President

PMD: President Ranil Wickremesinghe emphasized that the Royal College cricket team’s effective captaincy ultimately led to the team’s victory at a time when all of the matches were being lost and that his effort is to lift the defeated country to the path of victory similar to what the captain of the Royal College cricket team did.The President recalled that when he assumed office last July, the country was experiencing numerous crises such as shortage of fuel, food, and fertilizer. He compared this to the Royal team, which had suffered a string of defeats, and claimed that many people believed the country would not be able to recover.However, President Ranil Wickremesinghe stressed that his team was able to change that situation and create economic stability in the country in the last seven months and emphasized that Sri Lanka is no longer a bankrupt state.President Ranil Wickremesinghe made this statement while addressing the 32nd Interact District Conference held at Temple Trees on Sunday morning (19).He said that everyone would be able to witness a developing country in the next two years, and to make Sri Lanka the most prosperous country in the region, it is necessary to build the economy in addition to stabilizing it today.The President added that the 25-year plan to make Sri Lanka a successful nation by 2048 has already been implemented and it can only be achieved with the commitment of the current youth.This conference was organized by St.

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Ranil Wickremesinghe - Next IGP should have ability to restore public confidence in Sri Lanka Police – BASL writes to President - newsfirst.lk - Sri Lanka

18.03.2023 / 11:15

Next IGP should have ability to restore public confidence in Sri Lanka Police – BASL writes to President

Colombo (News 1st) – It is of "utmost importance" that the next Inspector General of Police of Sri Lanka "should be an officer whose service in the police force is exemplary and free of any blemish and able to restore public confidence in the Sri Lanka Police," stated the Bar Association of Sri Lanka in a letter addressed to President Ranil Wickremesinghe.The BASL letter has been issued in response to news that the office of the IGP is due to fall vacant on the 23rd of March, 2023."It is of utmost importance that the best possible appointment be made to that office" the BASL urged the President."During the last few decades there has been a serious erosion of public confidence in the Sri Lanka Police. The lack of independence, politicisation, police brutality, custodial deaths, lack of professionalism have all contributed to the erosion of public confidence in the Police.

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Bandula Gunawardena - Ranil Wickremesinghe - President graces Bandula’s award ceremony - newsfirst.lk

17.03.2023 / 18:09

President graces Bandula’s award ceremony

The “Satarawa Deepani” Felicitation Ceremony was held on Thursday (16) and it was held under the auspices of President Ranil Wickremesinghe.The “Satarawa Deepani” Felicitation Ceremony, was organized as per a concept of Minister Bandula Gunawardena.During the event, tributes were paid to a group of artists who had contributed to the artwork created by Bandula Gunawardena. Veteran artists such as Dharmasiri Bandaranaike, Parakrama Niriella, and Cyril Wickramage were presented with awards by the President in recognition of their contributions.Veteran artists such as Professor Ariyaratne Athugala, Kumara Thirimadura and Sarath Kothalawala were also appreciated during this event.The book “Subandhu Cinema Watha,” which chronicles the cinematic career of Bandula Gunawardena, was launched at the event. During the event, “Pragna Bandhu” scholarships were awarded to students who are currently pursuing the G.C.E.

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Ranil Wickremesinghe - China donates police uniform material to Sri Lanka - newsfirst.lk - China - Sri Lanka

15.03.2023 / 13:59

China donates police uniform material to Sri Lanka

COLOMBO (News 1st); The Chinese Embassy handed over a donation of material to the Government of Sri Lanka for the production of police uniforms.The donation was made by the Ambassador of China to Sri Lanka, Qi Zhenhong, to the Minister of Public Security, Tiran Alles.This donation was made at the President's Office in the presence of President Ranil Wickremesinghe.

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Ranil Wickremesinghe - Railway Stations empty as 24-hour strike cripples operations - newsfirst.lk - Sri Lanka

15.03.2023 / 11:21

Railway Stations empty as 24-hour strike cripples operations

COLOMBO (News 1st); Railway operations were crippled on Wednesday (15) morning due to a strike launched by the Locomotive Operating Engineers' Association.The Locomotive Operating Engineers' Association of Sri Lanka Railways declared a 24-hour strike that come into effect at midnight on Tuesday (14).According to Sri Lanka Railways, around 20 trains operated on Wednesday (15) morning, compared to the over 60 trains that operate daily in the morning.Railways General Manager A. D.

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Ranil Wickremesinghe - Sri Lanka will not risk offering debt treatment outside IMF program – President - newsfirst.lk - China - Japan - India - Sri Lanka

14.03.2023 / 17:57

Sri Lanka will not risk offering debt treatment outside IMF program – President

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe has expressed gratitude to the Paris Club, Japan, India, and China for enabling cooperation required to reach an IMF facility for the country.In an open letter to Sri Lanka's Official Bilateral Creditors, President Wickremesinghe noted that the government deployed all efforts to demonstrate our commitment to the EFF program and relentlessly engage on the path to reforms. He said the administration has already implemented major reforms by way of prior actions agreed with the IMF.The President said his government introduced a robust reform agenda aimed at achieving debt sustainability, strengthening governance, widening the social safety nets supporting the most vulnerable and ensuring we can grow an inclusive economy attractive to international business. He said this is how Sri Lanka will improve the lives of its people and ensure they are first in line to benefit from improvements in our economic conditions.The President has requested creditors to maintain and even enlarge and strengthen official bilateral creditor coordination in the context of Sri Lanka's forthcoming engagement. He called on the Paris Club bilateral partners, in particular Japan, together with all our other official bilateral partners, including India and China, to garner and foster coordination as you best see fit.The Presidnet noted that Sri Lanka is committed to communicate transparently with all on any debt treatment terms that are agreed with any creditor or group of creditors, before being formalized. The President in his letter has also committed not to resume debt service to any creditor unless that creditor agrees on a comprehensive debt treatment in line with IMF-supported

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Xi Jinping - Ranil Wickremesinghe - President Wickremesinghe congratulates President Xi on third term as President - newsfirst.lk - China - Sri Lanka

13.03.2023 / 16:55

President Wickremesinghe congratulates President Xi on third term as President

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe congratulated Chinese President Xi Jinping on his confirmation for a third term and praised China's progress under his leadership. The President's Media Division said that Wickremesinghe expressed appreciation for China's support in Sri Lanka's economic challenges, especially in the IMF process & expressed confidence that the two countries' robust cooperation will continue to flourish during Prez. Xi Jinping's new term.Chinese leader Xi Jinping was awarded a third five-year term as president on 10th March, putting him on track to stay in power for life at a time of severe economic challenges and rising tensions with the U.S.

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Ranil Wickremesinghe - Kanchana Wijesekera - China’s SINOPEC to invest in H’tota refinery; Meets President to discuss expansion - newsfirst.lk - China - Sri Lanka - county Petroleum

13.03.2023 / 16:43

China’s SINOPEC to invest in H’tota refinery; Meets President to discuss expansion

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe said that the government has taken a principled decision to expand the distribution of fuel.He also noted that Hambantota has been identified as a primary energy hub. According to the President's Media Division, he made these comments during a discussion with the representatives of the Sinopec Group held at the President's Office in Colombo on Monday (13).Sinopec has also pledged to invest in a refinery in Hambantota, said the PMD.The representatives informed the Sri Lankan Government that their organization has adhered to the existing system and has applied accordingly. They further conveyed their readiness to fully finance the construction of a refinery in Hambantota, which has been identified as a central energy hub by the government.Moreover, the representatives stated that their company is prepared to respond to future solicitations that align with the aspirations of the country.

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Ranil Wickremesinghe - Saliya Peiris - Justice Jayantha Jayasuriya - BASL felicitates President on completion of 50 years at the Bar - newsfirst.lk - Sri Lanka - city Sanjay - county Leslie

13.03.2023 / 15:51

BASL felicitates President on completion of 50 years at the Bar

The Bar Association of Sri Lanka organized a felicitation ceremony on Sunday (12), to honour those who have completed fifty years at the Bar.During the Felicitation Dinner, President Ranil Wickremesinghe, who has also completed fifty years at the Bar, was honoured and presented with a plaque by Chief Justice Jayantha Jayasuriya PC.The Felicitation Dinner was organized by the Bar Association of Sri Lanka (BASL) to honour 26 individuals who have served at the Bar for 50 or more years.The event coincided with the two-day National Law Conference 2023, also organized by the BASL, which is held on the 12th and 13th of March.Juliana Margaret Coswatte, Walter Leslie de Silva, Ratnasabapathy Arumugam Jegatheson, Upali A. Gooneratne PC, Kanagaratnam Kaneshayogan, M.

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Ranil Wickremesinghe - Buddha Sasana Task Force sends letter to President; urges to hold Local Government Election - newsfirst.lk

09.03.2023 / 14:43

Buddha Sasana Task Force sends letter to President; urges to hold Local Government Election

COLOMBO (News 1st); The Buddha Sasana Task Force addressed a letter to President Ranil Wickremesinghe stressing on the need to hold the local government election without delay for national and diplomatic stability.It calls to limit the number of ministers to 15, and remove State Ministers.

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Ranil Wickremesinghe - Special Commodity Levy on Imported Dates waived - newsfirst.lk

09.03.2023 / 08:11

Special Commodity Levy on Imported Dates waived

President Ranil Wickremesinghe in his capacity as the Minister of Finance, Economic Stabilization, and National Policies on Wednesday (8) issued an Order to waive the remaining balance of the Special Commodity Levy on imported Dates in view of the Ramadan festival.The levy, set at Rs. 200 per Kg, will be collected at a reduced rate of Rs.

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Ranil Wickremesinghe - “If President wants General Election, hold a General Election” – MP Rauff Hakeem - newsfirst.lk

04.03.2023 / 14:53

“If President wants General Election, hold a General Election” – MP Rauff Hakeem

COLOMBO (News 1st): Parliamentarian Rauff Hakeem challenged President Ranil Wickremesinghe to conduct General Elections, speaking at an event on Saturday (4).“The President says the Local Government Election is not useful and that a Parliamentary Election is required to change a government. If so, hold a General Election.

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Ranil Wickremesinghe - Only parliamentary election can change a government – President - newsfirst.lk - Sri Lanka

03.03.2023 / 10:33

Only parliamentary election can change a government – President

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe emphasized that a change of government can only be brought about through a parliamentary election and the streets is not an option for parliament.He made this comment on Friday (3) while participating in the Air Force cadets and other officers Passing Out Parade at the Trincomalee Air Force Base today."When you passed out today, you had to take an oath under the constitution. You also undertook an oath of the Sri Lanka Air Force in public. These two oaths underline your primary responsibility.

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Ranil Wickremesinghe - Digitize investment information – President - newsfirst.lk

02.03.2023 / 09:53

Digitize investment information – President

During a discussion held at the President’s Office today, President Ranil Wickremesinghe emphasized the timely amendment of the Agricultural Development Act and the Paddy Land Act to enable the replanting of cultivable paddy lands and the cultivation of other crops on non-paddy lands.

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Ranil Wickremesinghe - World Bank to continue to support Sri Lanka’s development reforms - newsfirst.lk - Sri Lanka

01.03.2023 / 07:47

World Bank to continue to support Sri Lanka’s development reforms

Representatives from the World Bank stated that the World Bank will continue to support Sri Lanka’s development reforms program.They stated that the World Bank will provide technical assistance in the drafting of laws for development policy operations, as well as work to provide additional guidance and support regarding the use of international media and welfare benefits.The delegation including the Vice President of the South Asian Region of World Bank, Martin Raiser, met President Ranil Wickremesinghe at the Presidential Secretariat on Tuesday (28).The World Bank Development Policy Operational Program was fully investigated and the President and World Bank representatives commented on its progress.Improving financial supervision and credit management, improving tax administration, sovereign-financial sector linkages and reducing systemic risks; maintaining stability and confidence in the banking sector, restructuring and divestment, reducing policy uncertainty and increasing competitiveness in the economy, mobilizing private capital and competition in the broadband market, strengthening the social security institution, delivery system and targeting was discussed.Source: PMD

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Ranil Wickremesinghe - Sri Lanka declares transportation services as essential services - newsfirst.lk - Sri Lanka

28.02.2023 / 07:27

Sri Lanka declares transportation services as essential services

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe signed a Gazette notification on Monday (27) night declaring transportation services as essential services.Accordingly, public transport services for passengers or goods, discharge, carriage, landing, storage, delivery & removal of articles of food or drink, or coal, oil, fuel from vessels within any port as defined for the purposes of the Customs Ordinance (Chapter 235), the provision and maintenance of facilities for transport services by road, rail or air, including roads, bridges, culverts, airports, ports & railway lines, have been declared as essential services with immediate effect.

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Ranil Wickremesinghe - Nimal Punchihewa - Final decision on Local Government Election today (24) - newsfirst.lk - Sri Lanka

24.02.2023 / 08:03

Final decision on Local Government Election today (24)

COLOMBO (News 1st); Sri Lanka's Election Commission will meet on Friday (23) to reach a final decision on the 2023 Local Government Election due to the lack of financing and support from state agencies.Earlier, the Election Commission decided to conduct the Local Government Election on the 9th of March 2023.However, the Government Printer had refused to deliver the ballot papers owing to a payment issues, and this led to the National Election Commission to postpone the postal voting process that was scheduled for this wekk.The Chairman of the National Election Attorney Nimal Punchihewa said the Local Government Election was called for legally as per the country's constitutions and the election law.He told News 1st on Thursday (23) that all members of the National Election Commission consented to the Local Government Election Process.He said that given that funds were not being provided to continue with the election process, the National Election Commission will meet on Friday (24) to reach a final decision on the Local Government Election 2023. The statement came from the Elections Chief after Sri Lankan President Ranil Wickremesinghe told Parliament on Thursday (23) that the country's National Election Commission has not legally called for an election, and there are no funds to conduct an election.Commenting on the debate requested by the opposition on postponing the election, the President said there is no election for one to be postponed.The President said the proposed Parliament Select Committee must be appointed to inquire into the Election Commission and the Local Government Election.In the meantime, the petition filed by Retired Sri Lanka Army Colonel W. M.

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Ranil Wickremesinghe - Nimal Punchihewa - Election was announced legally as per the constitution, and election law – Elections Chief - newsfirst.lk - Sri Lanka

23.02.2023 / 15:05

Election was announced legally as per the constitution, and election law – Elections Chief

COLOMBO (News 1st); The Chairman of the National Election Attorney Nimal Punchihewa said the Local Government Election was called for legally as per the country's constitutions and the election law.He told News 1st on Thursday (23) that all members of the National Election Commission consented to the Local Government Election Process.He said that given that funds were not being provided to continue with the election process, the National Election Commission will meet on Friday (24) to reach a final decision on the Local Government Election 2023. The statement came from the Elections Chief after Sri Lankan President Ranil Wickremesinghe told Parliament on Thursday (23) that the country's National Election Commission has not legally called for an election, and there are no funds to conduct an election.Commenting on the debate requested by the opposition on postponing the election, the President said there is no election for one to be postponed.The President said the proposed Parliament Select Committee must be appointed to inquire into the Election Commission and the Local Government Election.In the meantime, the petition filed by Retired Sri Lanka Army Colonel W. M.

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Ranil Wickremesinghe - Economy Class for official travel, Business Class at own expense – President’s Office - newsfirst.lk

23.02.2023 / 13:59

Economy Class for official travel, Business Class at own expense – President’s Office

In a bid to maximize the use of government funds and ensure that resources are utilized efficiently, President’s Secretary Saman Ekanayake has issued a directive on the instructions of President Ranil Wickremesinghe, requiring officials purchasing airline for official travel abroad to be on Economy Class.This directive will take effect from March 1, 2023, and supersedes all previous circulars and instructions related to this subject.According to the new directive, officials such as the Hon. Chief Justice, Hon.

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Ranil Wickremesinghe - No election, No funds – President tells Parliament - newsfirst.lk - Sri Lanka

23.02.2023 / 11:37

No election, No funds – President tells Parliament

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe told Parliament on Thursday (23) that the country's National Election Commission has not legally called for an election, and there are no funds to conduct an election.Commenting on the debate requested by the opposition on postponing the election, the President said there is no election for one to be postponed."The Election Commission had gone to court and said that it cannot conduct an election. However, an affidavit was provided. It states that the Commission has been informed by the Secretary of the Treasury that he is unable to provide the necessary funds to conduct the election.

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Ranil Wickremesinghe - Japan to deliver diesel worth $ 46 Mn for Sri Lankan hospitals - newsfirst.lk - Japan - Sri Lanka

23.02.2023 / 06:27

Japan to deliver diesel worth $ 46 Mn for Sri Lankan hospitals

COLOMBO (News 1st); Sri Lanka and Japan singed Exchange Notes for a humanitatrian grant of USD 46 Million.Mahinda Siriwardena, the Secretary to the Ministry of Finance, and Mizukoshi Hideaki, the Ambassador of Japan, signed an Exchange of Notes to secure a humanitarian grant of USD 46 million. The purpose of the grant is to provide diesel fuel to public hospitals throughout Sri Lanka. The signing ceremony took place at the President's Office, with President Ranil Wickremesinghe in attendance.Under this agreement, the Government of Japan has committed to supplying 20 million litres of diesel fuel.

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Ranil Wickremesinghe - Unite to overcome economic crisis and promote reconciliation – President - newsfirst.lk - Sri Lanka

22.02.2023 / 14:59

Unite to overcome economic crisis and promote reconciliation – President

COLOMBO (News 1st); Sri Lankan President President Ranil Wickremesinghe urged all citizens, including politicians, professionals, teachers, those engaged in agriculture, the business community, and members of the security forces, police and civil servants, to work together to overcome the current economic crisis and promote reconciliation efforts.He was speaking at an event at Royal College, Colombo that was held to honour President Wickremesinghe, who is an alumnus of Royal College. The President called upon the present generation of Royalists to dedicate themselves to serving the country and transforming it into a place where they would like to reside. He urged young Royalists to take up the challenge and shape the future of the nation."We have two difficult tasks in this country.

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Ranil Wickremesinghe - Economic crisis cannot be solved through legal action – President - newsfirst.lk - Sri Lanka

21.02.2023 / 15:53

Economic crisis cannot be solved through legal action – President

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe has emphasized the importance of having a proper plan to strengthen the country’s economy, during a meeting with businessmen and lawyers in the Kandy district.According to the President's Media Division. the President had noted that the primary issue facing the country is its economic problem, and addressing it should be a top priority.The President has also noted that the upcoming election is not a means to change the government.

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Ranil Wickremesinghe - Economic Commission to replace BOI & BOE - newsfirst.lk - Sri Lanka

21.02.2023 / 12:33

Economic Commission to replace BOI & BOE

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe said that an Economic Commission will be formed as early as possible replacing the Board of Investment and the Board of Exports.President Ranil Wickremesinghe made these remarks at the opening of the country’s first migratory bird park and eco-tourism zone in Hanthane, Kandy (20).He stated that an Economic Commission will be formed as early as possible to approve investment opportunity in order to provide more opportunities to local and foreign investors.The President also stated that it has the potential to significantly boost the country’s economy."More investment opportunities are necessary for Sri Lanka to embark on a new economic path. It takes ten years to approve a firm after an investor arrives in Sri Lanka. This situation should be changed.

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Ranil Wickremesinghe - President wants Minipe Left Bank Project completed before Maha Season - newsfirst.lk - China - Sri Lanka

21.02.2023 / 09:05

President wants Minipe Left Bank Project completed before Maha Season

President Ranil Wickremesinghe instructed the officials to speed up the Minipe Left Bank Canal Rehabilitation Project (MLBCRP), which has been delayed for over three years owing to various reasons, and to provide its benefits to the farmers before the next Maha Season.The President provided these instructions on Sunday (19) while joining an observation tour of the Minipe Anicut construction site.President Wickremesinghe, after inspecting the plan of the project, also inquired from the engineers about the operation of the project.The President also pointed out the possibility of obtaining the support of the students of engineering faculties in Sri Lanka for the future work of the project.The existing anicut is not sufficient to release water to the left and right bank canals when water is released twice a day from the Rantambe Hydro Power Plant during peak demand for electricity. Due to this, in order to provide more reliable and continuous water supply to Minipe agricultural lands, the Minipe Dam was raised by 3.5 meters and the renovation of the 74 kilometers-long main canal on the left bank of Minipe, was commenced.After the reconstruction of the Minipe Anicut, constant water supply to farmers will be ensured and the cultivation land on both sides of the left bank of Minipe could be cultivated without obstruction in the Yala-Maha Seasons while providing benefits to 15,000 farmer families.The cost of the project is Rs. 3,000 million and the construction work is carried out by China Gexhouba Group Company Limited (CGGC).Minipe Anicut, which was built in 1948, was last renovated in 1980.

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Ranil Wickremesinghe - IMF assistance expected in March – President - newsfirst.lk

17.02.2023 / 11:53

IMF assistance expected in March – President

During a discussion held at the Presidential Secretariat on February 16th, President Ranil Wickremesinghe announced that an International Monetary Fund (IMF) EFF loan is expected to be received in March. The President also mentioned that the possibility of reducing bank interest rates is being considered in line with the gradual drop of inflation rate.The discussion was aimed at identifying the issues faced by small and large-scale rice mill owners and finding solutions to resolve them. The rice mill owners brought up the fact that the production cost of a kilogram of rice has increased due to various factors, including the rise in fuel prices, electricity charges, machinery maintenance costs, transportation costs, and all other production and administrative expenses.They noted that they would incur losses by selling their product at the current market price as it is lower than the production cost.The rice mill owners also pointed out the difficulty of paying a high interest rate of 28% on bank loans taken to purchase paddy. It was mentioned that the production cost of a kilogram of paddy has increased due to the rapid increase in prices of the agricultural inputs for paddy cultivation.

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Elizabeth Ii Queenelizabeth (Ii) - Ranil Wickremesinghe - PMD reveals details of ‘Janaraja Perahara’ to be held in Kandy for the first time in 34 years - newsfirst.lk - Sri Lanka

16.02.2023 / 09:13

PMD reveals details of ‘Janaraja Perahara’ to be held in Kandy for the first time in 34 years

The historic Temple of the Tooth Relic in the city of Kandy will host a Janaraja Perahara on February 19th, after 34 years.The procession has been organized to coincide with the 75th Independence Celebration, and it will be inaugurated under the patronage of President Ranil Wickremesinghe.According to the Coordinating Officer and the Cultural Officer of the Temple of the Tooth Relic, the procession will begin from the Magul Maduwa premises at 6.30 pm on February 19th. It will parade along the Dalada Street, Yatinuvara Street, Kanda Street, Raja Street, and return to the temple, marking the end of the event.

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Ranil Wickremesinghe - Ensure uninterrupted power supply after tariff revision is implemented, President tells Officials - newsfirst.lk - Sri Lanka

16.02.2023 / 07:51

Ensure uninterrupted power supply after tariff revision is implemented, President tells Officials

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe has directed Power & Energy Minister & relevant officials to ensure uninterrupted power supply is made available for electricity customers once the PUCSL tariff revision is implemented.The President's Media Division also said that the President gave directives to provide concessions for low-income families and provide solar rooftop systems for religious places & government educational institutions when the new tariff revision comes into effect.The Ministry of Power and Energy said that power outages will not be imposed from Thursday (16), as the Public Utilities Commission of Sri Lanka granted approval to the 66% electricity tariff hike.A source from the Ministry of Power and Energy speaking to News 1st said that a decision will be reached in the future with regard to those who are unable to settle their electricity bills.The Public Utilities Commission has approved a 66 percent hike in electricity tariffs with effect from Wednesday (15).It was with the agreement of the three members of the PUCSL except the Chairman of the Commission Janaka RatnayakeIn order to generate an additional income of Rs.

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Ranil Wickremesinghe - Government will not be pressured by protests – President - newsfirst.lk - Sri Lanka

15.02.2023 / 18:33

Government will not be pressured by protests – President

COLOMBO (News 1st) – Sri Lankan President Ranil Wickremesinghe said that the government will not give into the demands of protestors.He noted that just, because certain groups strike demanding the removal of certain officials, the government will not remove anyone arbitrarily as there is a procedure that has to be followed and the government will follow the rules and act accordingly.He was addressing the launch of the Centre for Governance and Public Policy (C-GaPP) at the Sri Lanka Technological Campus (SLTC) Research University at the Trace City in Colombo on Wednesday (15).He said that the responsibility to address such issues rests to a large extent with the Universities. The President noted that even at the point of the new Centre for Governance and Public Policy (C-GaPP) being inaugurated at the Sri Lanka Technological Campus (SLTC) Research University, two strikes were in progress. One was staged at the Ruhuna University demanding the removal of the Vice Chancellor and another one demanded the removal of the General Manager of a state Corporation.President Wickremesinghe further stated that the removal of the General Manager is a matter of the government. “Just, because there is a strike we will not remove him.

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Ranil Wickremesinghe - Nimal Punchihewa - Ballot Papers for Postal Voting delayed; NEC yet to decide on holding elections on designated date - newsfirst.lk

14.02.2023 / 12:45

Ballot Papers for Postal Voting delayed; NEC yet to decide on holding elections on designated date

COLOMBO (News 1st); The National Election Commission has informed the Political Party Secretaries that it will not be able to direct the ballot papers for Postal Voting tomorrow (15), as previously planned. This was revealed by the Secretaries of the Political Parties who met with the National Election Commission on Tuesday (14) morning.Earlier, Chairman of the National Election Commission Attorney Nimal Punchihewa speaking to News 1st said that the current state of affairs surrounding the election will be discussed at the meeting. Election Monitors were also summoned for this meeting.The Secretaries of the Political Parties revealed that the National Election Commission is yet to decide on whether or not the Local Government Election will be held on the 9th of March 2023. They also noted that the National Election Commission is likely to face an issue concerning the Ballot Papers required for postal voting.Palitha Range Bandara, the General Secretary for the United National Party told reporters that the UNP has never called for a delay in elections."How can one even ask for funds from President Ranil Wickremesinghe, after he took over a country that was literally bankrupt," he told the media while leaving the National Election Commission premises.He said that based on the meeting with the NEC it is likely the election would be delayed."If the government says it does not have the funds, if the Government Printer says it cannot print the ballot papers without payment, it is the National Election Commission that needs to decide on the matter," he added.Ranjith Madduma Bandara, the General Secretary of the Samagi Jana Balavegaya told reporters that the National Election Commission had given an undertaking to go ahead with

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Ranil Wickremesinghe - Mahinda Amaraweera - Certified Price for Paddy; Special meeting at Army HQ with President - newsfirst.lk - Sri Lanka

14.02.2023 / 08:13

Certified Price for Paddy; Special meeting at Army HQ with President

COLOMBO (News 1st); Sri Lanka has announced a certified price for paddy purchasing during the Maha Cultivation Season.Agriculture Secretary Gunadasa Amarasekera speaking to News 1st said that the Finance Ministry has issued the relevant circular for this purpose.Accordingly, a kilogram of paddy with moisture will be purchased for Rs. 88/- and a kilogram of dry paddy will be purchased for Rs.

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Ranil Wickremesinghe - Cabinet approves President’s relief measures - newsfirst.lk - Sri Lanka

14.02.2023 / 08:13

Cabinet approves President’s relief measures

COLOMBO (News 1st); Sri Lanka's Cabinet of Ministers on Monday (13) approved a proposal submitted by President Ranil Wickremesinghe aimed at reducing the difficulties faced by the people and providing immediate relief in the face of the current economic situation.Accordingly, the Cabinet has approved a measure to provide 10 kg of rice to 02 million low-income families each in March and April. This will provide immediate relief to families in need and help improve their overall well-being.It has also been decided that the gratuity arrears owed to 18,000 retired government servants will be paid out in instalments using liquid cash.

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Ranil Wickremesinghe - Pakistan Joint Chiefs Chairman meets President - newsfirst.lk - Sri Lanka - Pakistan

10.02.2023 / 14:47

Pakistan Joint Chiefs Chairman meets President

COLOMBO (News 1st); General Sahir Shamshad Mirza, NI (M), the Chairman of the Joint Chiefs of Staff Committee of Pakistan called on President Ranil Wickremesinghe in Colombo on Friday (10).General Sahir Shamshad Mirza arrived in Sri Lanka for a three day visit.Recalling the long-standing close relationship between Sri Lanka and Pakistan as friendly countries, the President joined General Zaheer Shamshad Mirza and others in a cordial conversation.General Sahir Shamshad Mirza also presented a momento to President Wickremesinghe.

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Ranil Wickremesinghe - Funds only for essential govt expenses - newsfirst.lk

09.02.2023 / 06:09

Funds only for essential govt expenses

President Ranil Wickremesinghe as the Minister of Finance, Economic Stabilization and National Policy has instructed the Treasury Secretary to only provide provisions for essential government expenses in order to maintain public services until the state revenue situation improves.The list of expenditure to be funded include salaries, debt servicing, pensions, medical supplies for hospitals, subsidies for low-income groups, scholarships, farmers’ pensions, school nutrition programs, payments for war heroes and disabled soldiers, utility payments, food supplies for hospitals and prisons, among others.This move is expected to have a significant impact on the economy, as it will prioritize the most important needs of the people and prevent funds from being misused. The Treasury has stressed the importance of sticking to the list of essential expenditure, as releasing funds for any other purpose could negatively impact the people and slow down the country’s economic recovery.

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Ranil Wickremesinghe - Sri Lanka needs reforms for traditional media & social media – President - newsfirst.lk - Sri Lanka

09.02.2023 / 06:09

Sri Lanka needs reforms for traditional media & social media – President

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe delivering his Government’s Policy Statement following the ceremonial opening of the parliament session said that the country needs media reforms, and for this purpose a national policy on mass media is being prepared."In order to succeed in economic, social and political reforms, it is essential to make the community aware, based on accurate facts. The main role of making the society aware belongs to the media," said the President in Parliament.He also said that journalists should be given national and international level training in that regard. "In 1993, as the Prime Minister, I appointed a Committee with Dr.

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Ranil Wickremesinghe - “I’m not here to be popular; new tax policy is an unpopular decision” – President - newsfirst.lk - Sri Lanka

08.02.2023 / 11:25

“I’m not here to be popular; new tax policy is an unpopular decision” – President

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe said that if the country continues according to the existing plan, Sri Lanka can rise out of bankruptcy by 2026.While delivering his Government’s Policy Statement following the ceremonial opening of the parliament session, President Wickremesinghe said that people will realize the importance of the present unpopular decisions in two to three years."Due to the measures taken, we have been successful in reducing the burden gradually. Now there is stability in the economy. People are comfortable.

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Ranil Wickremesinghe - Nissanka Bandula sworn in as the President of the Court of Appeal. - newsfirst.lk

06.02.2023 / 12:35

Nissanka Bandula sworn in as the President of the Court of Appeal.

This took place in the presence of President Ranil Wickremesinghe at the Presidential Office. Meanwhile, High Court Judge M. A. R. Marikkar was also sworn in as an appellate court judge before the President.

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Sajith Premadasa - Ranil Wickremesinghe - Dinesh Gunawardena - Sri Lanka’s President and PM issues statements to mark the 75th Independence Day - newsfirst.lk - Sri Lanka

04.02.2023 / 09:27

Sri Lanka’s President and PM issues statements to mark the 75th Independence Day

Sri Lanka's President and Prime Minister issued statements to mark the 75th Independence Day.In his message, President Ranil Wickremesinghe says there is a new economic and social reform agenda before the country with the objectives focusing first on recovery and then on renewed development. The Head of State stated it is imperative for us to unite in its implementation so that we can emerge with a high level of economic prosperity. He pledged to make the extremely difficult though vital decisions to achieve this goal with courage and determination. Prime Minister Dinesh Gunawardena in his message to mark the 75th Independence Day said "today, we not only celebrate our freedom, but also pay tribute to the ones who fought for it, to the ones who held a vision for our country, and to the ones who sacrificed themselves for the same." The Premier says the bravery, heroic acts as well as untold miseries suffered by our forefathers during their struggle for freedom of the Motherland must not be allowed to fade away from our memories.The Prime Minister adds the government has taken a series of measures to ensure recovery of the economy, and increase agricultural production to attain self-sufficiency and food security. Opposition Leader Sajith Premadasa also issued a statement to mark the 75th Independence Day. He stated "despite the fact that Sri Lanka has been independent for 75 years, we have failed to make that independence meaningful on national, social, educational, and religious levels."The Opposition Leader stated being trapped in "narrow chauvinism and communalism" is not the way to experience true freedom.

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Joe Biden - Ranil Wickremesinghe - Sri Lanka and US have always been strong together – Joe Biden in letter to President - newsfirst.lk - Usa - Sri Lanka

03.02.2023 / 14:23

Sri Lanka and US have always been strong together – Joe Biden in letter to President

COLOMBO (News 1st); US President Joe Biden has conveyed his best wishes to President Ranil Wickremesinghe and the people of Sri Lanka on the occasion of the 75th Anniversary of Sri Lankan Independence.The communication from President Biden was handed over to President Wickremesinghe by the US Under-Secretary for Political Affairs Victoria Nuland when she called on President Wickremesinghe on Wednesday (01), at the President's Office.US President Joe Biden had stated that he looks forward to strengthening and deepening the bilateral friendship even further and, together, continuing to advance the shared values and vision for a peaceful, prosperous and secure future for the people of the two countries.He pointed out that this milestone independence anniversary, coincides with the 75 years of diplomatic relations between the US and Sri Lanka.President Biden acknowledged that the longstanding partnership has helped to advance peace and prosperity across the region and globally. The US President recalled that both nations – throughout their shared history – “have tackled formidable global challenges, including the combatting of climate change, addressing the scourge of human trafficking and maintaining a secure, free and open Indo-Pacific”.President Biden pointed out that bilateral trade and economic ties have been strengthened and deepened, and that Sri Lanka and the U.S., as democracies, have always been stronger when standing together, while being united in a shared commitment to freedom, opportunity and equality, said the President's Media Division.Source: PMD

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Ranil Wickremesinghe - Karu bestowed with the country’s highest civil honour - newsfirst.lk - Sri Lanka

03.02.2023 / 12:13

Karu bestowed with the country’s highest civil honour

COLOMBO (News 1st); The Sri Lankabhimanya Award – the country's highest civil honour was conferred upon Former Parliament Speaker Deshabandu Karu Jayasuriya on Friday (3) morning.The award was presented by President Ranil Wickremesinghe at the President's House.Deshabandu Karu Jayasuriya represented the Parliament from the Gampaha District and became the 20th Speaker of Parliament in 2020.He served as the Mayor of Colombo from 1997 – 1999.In addition, he also held several government ministerial portfolios including Public Administration and Home Affairs, Buddhasasana and Religious Affairs.Deshabandu Karu Jayasuriya also served as the Deputy Chairman and Chairman of the United National Party and is considered an exemplary figure in Sri Lankan politics.

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Ranil Wickremesinghe - Indian State Foreign Minister to visit Sri Lanka for 75th Independence Day - newsfirst.lk - India - Sri Lanka - county Independence

03.02.2023 / 09:19

Indian State Foreign Minister to visit Sri Lanka for 75th Independence Day

COLOMBO (News 1st); The Indian Minister of State for External Affairs and Parliamentary Affairs, Shri V. Muraleedharan will be visiting Colombo to participate in the celebrations connected with the 75th Independence Day of Sri Lanka on 4 February 2023.The Indian Ministry of External Affairs said that his visit will take place at the invitation of the Government of Sri Lanka.During the visit, the Minister of State will also have separate bilateral interactions with President Ranil Wickremesinghe and the Sri Lankan Foreign Minister, Mr.

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Shavendra Silva - Ranil Wickremesinghe - 75th Independence Commemoration Medal for Armed Forces - newsfirst.lk - Sri Lanka

03.02.2023 / 08:41

75th Independence Commemoration Medal for Armed Forces

COLOMBO (News 1st) – The ‘75th Independence Anniversary Commemoration Medal’ was introduced to the Sri Lankan Tri-Forces recently. Symbolising the bestowal of the new medal, the Chief of Defence Staff General Shavendra Silva WWV RWP RSP VSV USP ndc psc MPhil, Commanders of the Sri Lanka Army, Navy and Air Force, and a cross section of the tri services that is comprised of both officers and other ranks were ceremonially awarded the medal by the the president Ranil Wickremesinghe.Addressing the event in Kandy on Wednesday (1), President Ranil Wickremesinghe emphasized that although lives lost during the war cannot be regained, the income lost during the economic war could be regained.The President also pointed out that the stability of political and territorial integrity of a country is the best factor to win over the economic war.

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Sri Lankans - Ranil Wickremesinghe - Julie Chung - US pledges support for Sri Lanka’s recovery efforts - newsfirst.lk - Usa - Sri Lanka

01.02.2023 / 12:57

US pledges support for Sri Lanka’s recovery efforts

COLOMBO (News 1st) – Victoria Nuland, the Under Secretary of State for Political Affairs of the United States, called on President Ranil Wickremesinghe in Colombo on Wednesday (1).She is on an official visit to the country, and she discussed the economic crisis in Sri Lanka, and the ongoing US assistance to the Sri Lankan people.US Ambassador to Sri Lanka Julie Chung accompanied Nuland for the meeting, where both sides further discussed ways both the United States of America and Sri Lanka are working together toward an inclusive, prosperous and secure future for all Sri Lankans.According to the President's Media Division, the President in his meeting with Victoria Nuland, the Under Secretary of State for Political Affairs of the United States, thanked the US Government for their support during difficult times. Under-Secretary Nuland had pledged the US Government’s support for Sri Lanka's ongoing recovery efforts.The discussion also focussed on the on-going discussions with the International Monetary Fund (IMF), while the U.S. pledged to continue to support the negotiations with the aim of swiftly resolving the issues.The President outlined the measures being taken in regard to the reconciliation talks with the minority parties in Sri Lanka, including the full implementation of the 13th Amendment.Discussions also focussed on the on-going efforts to combat the growing narcotics trade, with the U.S.

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Ranil Wickremesinghe - Sri Lanka systematically violated human rights – FIDH - newsfirst.lk - Sri Lanka

31.01.2023 / 18:17

Sri Lanka systematically violated human rights – FIDH

COLOMBO (News 1st) – The International Federation for Human Rights in a new report detailing the relentless repression of a peaceful protest movement noted that the Sri Lankan authorities systematically violated international human rights law and standards with complete impunity in their crackdown on the Aragalaya.The protest movement, called aragalaya [“struggle” in Sinhala], was triggered by the government’s protracted economic mismanagement and the growing public discontent over corruption and nepotism. The protests, which initially started in the country’s capital, Colombo, quickly spread across all nine provinces of Sri Lanka.

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Bandula Gunawardena - Ranil Wickremesinghe - President orders to further curtail government expenditure - newsfirst.lk - Sri Lanka

31.01.2023 / 17:57

President orders to further curtail government expenditure

COLOMBO (News 1st); In a note to the Cabinet, President Ranil Wickremesinghe, in his capacity as the Minister of Finance, had stated that the Government revenue at present is far below the monthly expenditure for the month of January 2023.The President's Media Division, and Cabinet Spokesperson Minister Bandula Gunawardena confirmed that the President had instructed on further curtailing government expenses.The President had noted that the Treasury finds it challenging to meet all expenditures at this moment, except for payments for salaries, pensions, welfare, pharmaceuticals and debt servicing.Therefore, President Wickremesinghe had pointed out that the Government expenditure will have to be curtailed further / postponed until planned revenue to be raised on the recent tax revisions is realized, reported the President's Media Division.He had noted that the Treasury will formulate a priority criterion for this purpose.Furthermore, the President had pointed out that public officers should refrain from obtaining goods/services on credit basis, and any officer who violates this will be held personally responsible for such expenditure, said the PMD."The President informed the Cabinet of Ministers that the revenue for January collected from the Inland Revenue Department, Sri Lanka Customs and the Excise Department was Rs. 158.7 Billion.

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Ranil Wickremesinghe - Maldives Ex-President meets President Wickremesinghe in Colombo - newsfirst.lk - Sri Lanka - Maldives

30.01.2023 / 07:47

Maldives Ex-President meets President Wickremesinghe in Colombo

COLOMBO (News 1st) : Former Maldives President Maumoon Abdul Gayoom met with Sri Lankan President Ranil Wickremesinghe on Friday (27).The Former President of the Maldives is currently in Sri Lanka on a personal visit, and was accopanied by his son Faris Maumoon on his trip.Gayoom met with Wickremesinghe at the Sri Lankan President’s Office, where the two spoke about the bilateral ties between the two countries. The two spoke about ways of improving the longstanding cooperation.

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Ranil Wickremesinghe - President hasn’t accepted Election Commission member’s resignation letter -Presidential Secretariat - newsfirst.lk

29.01.2023 / 10:13

President hasn’t accepted Election Commission member’s resignation letter -Presidential Secretariat

Colombo (News 1st) – The Presidential Secretariat says President Ranil Wickremesinghe has not yet accepted the resignation letter sent by P.S.M. Charles, as a member of the Election Commission.When inquired by News 1st, a senior official at the Presidential Secretariat confirmed the matter.Recent media reports stated that P.S.M.

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