Ranil Wickremesinghe: Latest News

The United Nations Population Fund-UNFPA congratulated Sri Lanka on its achievements in developing robust national evaluation capacities, at the policy, institutional, and professional levels.This was stated when President Ranil Wickremesinghe met with a delegation of UNFPA officials, including Marco Segone, Director of the Evaluation Office of the United Nations Population Fund, at the President's Office on Monday (27).The UNFPA delegation commended President Wickremesinghe’s leadership in promoting evaluation, particularly in the public sector, which they said will play a significant role in addressing the challenges faced by Sri Lanka.UNFPA representatives acknowledged Sri Lanka’s significant progress in developing strong national evaluation capabilities compared to other nations.

PMD: President Ranil Wickremesinghe said that it is crucial for students in the country to have comprehensive knowledge of modern technology and continually update themselves with the latest advancements to prepare for the future. This will enable them to take over the country by 2048.Additionally, the President suggested that once the economy is stabilized with the support of the IMF in four years, it would be worthwhile to evaluate whether to continue with the same old path or take a new direction that aligns with the developing world.During the 135th Annual Prize Giving ceremony at Ananda Vidyalaya in Colombo this morning (29), President Ranil Wickremesinghe shared his thoughts.

COLOMBO (News 1st); The Chairman of the Indian Oil Corporation or IOC Shrikant Madhav Vaidya called on President Ranil Wickremesinghe over the weekend.The Chairman of IOC Shrikant Madhav Vaidya met with President Wickremesinghe along with the Shri Pankaj Jain, the Secretary to the Indian Ministry of Petroleum and Natural Gas.He presented 500 IOC produiced indoor solar cooking systems, to the Government of Sri Lanka, in the presence of Gopal Baglay, the Indian High Commissioner to Sri Lanka.The visiting IOC Chairman also presented a unique jacket, made of sustainable threads obtained by recycling PET bottles under Indian Oil's Unbottled initiative.In addition, he also took part in an event to inaugurate three filling stations of Lanka IOC in Colombo, and the opening of the new premises were done remotely.Manoj Gupta, the Managing Directro of LIOC tweeted that 34 more new LIOC filling stations are set to commence physical operations within March 2023 further strengthening the footprints of LIOC in the country.The Chairman of IOC noted that it underlines the company's unwavering dedication to fortify Sri Lanka's energy security and also demonstrates the IOC commitment to becoming a dominant player in the global energy space.The Chairman of IOC Shrikant Madhav Vaidya also met with Sri Lankan cricket legend & World Cup Winning Captain Arjuna Ranatunga in Colombo.

Colombo (News 1st) – Inspector General of Police C. D.

President Ranil Wickremesinghe said that the necessary steps will be taken to pass the best anti-Corruption Act in South Asia in Parliament soon.The President revealed that the cabinet approval for the Bill has already been granted and said that he will discuss it with the Opposition representatives in the future and present it to the Parliament.President Ranil Wickremesinghe said this during a discussion held at the Presidential Secretariat on Thursday (23) with the heads of media organizations.The President's Media Division released the comments made by the President:"Firstly, let me thank everyone of the media for your presence here today. As you know I have requested all of you to be present here to tell you about the IMF agreement.We became a bankrupt country a year ago. This is the first time we have had to restructure our debt with the support of the IMF and our creditors.And this is the first occasion we’ve had to restructure our debt with the support of IMF and our creditors.

Sri Lankan President Ranil Wickremesinghe said that due to the public sector engaging in business activities, the money that was available for the construction of 100 projects similar to the Mahaweli during the past decades, was destroyed.He noted that in the future, the public sector will stop engaging in business and open it to the private sector to create a free and productive economy.President Wickremesinghe mentioned this at the 71st commemoration ceremony of the late Prime Minister D.S. Senanayake at Independence Square on Wednesday (22).Recalling that D.S.

COLOMBO (News 1st); State Minister Indika Anuruddha commended the efforts made by President Ranil Wickremesinghe during a media briefing convened by the Sri Lanka Podujana Peramuna.He told reporters that it was Basil Rajapaksa who recommended that Wickremesinghe be handed over the task of taking the IMF program forward. "The initial step was taken during the Gotabaya Rajapaksa administration. We had a few people in the Viyath Maga who were dragging the president's feet.

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe told Parliament on Wednesday (22) that he can only speak with the creditors, both multilateral and bilateral, and the private bondholders only if the Parliament is prepared to accept the IMF report.He urged the house to accept the report, and if there are any issues, it can be discussed with the IMF when the delegation returns to Sri Lanka.However, Opposition Leader Sajith Premadasa noted that the report and the presentation by the President is not means to agree to the program proposed by the IMF."We cannot agree without proper examination and scrutiny, and a proper parliamentary debate," he added while requesting to sit in parliament and listen to the proposals that the opposition puts forward during the debate on the IMF report.He said the opposition is not ready to approve anything without proper examination and scrutiny.However, the President said the house should respond to him by the third week of April whether the parliament would approve the report, so that he could engage in the second round of talks with the IMF.  

COLOMBO (News 1st); Sri Lanka's President Ranil Wickremesinghe told Parliament that the government will be introducing a serious of reforms after the IMF Executive Board granted approval for a bailout package of the country.Increasing Public Revenue:– Reduce the primary deficit to 2.3% of the GDP by 2025.– Increase the government’s revenue up to 15% of the GDP by 2026 through our measures.– Raised the standard corporate income tax rate to 30% without sectoral tax holidays.– PAYE tax rate was increased from 8% to 15%.– The measures required to reduce the existing tax exemptions on Value Added Tax (VAT) will come into effect by 2025. Further, necessary measures will be taken to remove the simplified VAT system and expedite its reimbursement.–  Steps have also been taken to introduce tax on awards / substitutes and to introduce Estate Duty as a property tax by 2025, while providing an appropriate tax exemption allowance at a minimum.–  Revamping the property tax system and introducing a wealth transfer tax – Introduce a gift and inheritance taxManaging Expenditure:– Increase the allocations provided to cover the expenses through proper management of expenditure.– Adjustments in certain salary scales and pension schemes as part of the impact of inflation within the primary deficit targets.State Enterprises and Energy Cost: – Fuel prices will be determined based on the 2018 Price Formula.

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe said the IMF bailout package has opened a new avenue to create a better future for the youth of the country."We have received an opportunity to uplift our motherland," he told the Parliament on Wednesday (22) adding that the bailout of US $3 Billion will be provided across four years. The President said that an immediate disbursement of US $330 Million was received by Sri Lanka from the IMF, noting immediate facilities to the tune of US $7 Billion will be available from the World Bank and other creditor agencies.

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe tabled the agreement reached with the IMF for a bailout package, in Parliament on Wednesday (22). The President also made a special statement to the house. 

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe is scheduled to make a special statement in Parliament on Wednesday (22).In addition, the President is expected to table the agreement reached with the International Monetary Fund.In a special statement following the approval of the extended credit facility by the Executive Board of the International Monetary Fund (IMF) on Tuesday (21), President Ranil Wickremesinghe emphasized that Sri Lanka is no longer deemed bankrupt by the world.The President further stated that the loan facility serves as an assurance from the international community that Sri Lanka has the capacity to restructure its debt and resume normal transactions.Additionally, the President noted that the government is working to gradually lift import restrictions on essential goods, medicines, and tourism-related goods, as the foreign exchange situation improves.

COLOMBO (News 1st); Sri Lankan President Ranil Wickremesinghe on Tuesday (21) said that Sri Lanka will lift import restrictions gradually after the Executive Board of the IMF approved the country's bailout package."Yesterday, the Executive Board of the International Monetary Fund approved the Extended Fund Facility for Sri Lanka. That approval sends a signal that Sri Lanka has the strength to restructure its debt.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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

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.   

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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.