Showing posts with label Ranil Wickremesinghe. Show all posts

SL should have an export driven economy to overcome economic crisis: PM Ranil

Sri Lanka would not have been affected by the current global economic crisis if the country did not get into a debt trap like the one it has got into, Prime Minister Ranil Wickremesinghe said yesterday.

Mr Wickremesinghe expressed this sentiment at the prize giving of Maliyadeva Balika Maha Vidyalaya in Kurunegala in the morning.

“Sri Lanka is largely affected by the devaluation rupee because of the debt trap it has got into. We would not have been affected by the devaluation issue if we did not get into a debt trap. We have to pay $ 3,000 million this year to settle debts while a sum of $ 4000 million has to be paid next year. Therefore one could see that what we inherited are past sins. What we have to do now is to overcome this situation,” the Prime Minister said.
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This is how I will make my country rich by 2025

This is an important moment in Sri Lanka’s development, as the country continues to deliver on its plans for economic development and stands on the cusp of a transition to a knowledge-based economy.

Since the country and its people saw a vibrant transition in its political landscape in January 2015, further bolstered by the August 2015 general elections that formed a national unity government – a first ever political experience for the country since its nearly seven decades of independence – Sri Lanka has put in place many of the building blocks needed to reinvigorate its socio-economic and political architecture.
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Joint opposition accepts PM Ranil Wickremesinghe 's challenge

The joint opposition (JO) today accepted Prime Minister Ranil Wickremesinghe's challenge to former President Mahinda Rajapaksa to explain how he would reduce taxes by 20 per cent if he comes to power.

JO MP Bandula Gunawardana said they would accept the challenge on behalf of Mr. Rajapaksa.
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Mahinda Rajapaksa pushed up Sri Lanka ’s debt to Rs. 7,391bn

The new bridge that was opened by the premier.

Prime Minister Ranil Wickremesinghe said that former President Mahinda Rajapaksa, who created a world record through unfettered borrowings, should tell the country how he proposes to make his claim to reduce taxes by 20% a reality, if he is returned to power.

During the Rajapaksa era, Sri Lanka’s debt burden zoomed to Rs. 7,391 billion, which meant a ‘record’ of pushing up the country’s borrowings three-fold, he noted. "Now the people have to repay this enormous debt".
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Govt. intent on bringing Udayanga, Jaliya to justice: PM Ranil

The government has stepped up its efforts to bring former diplomats Jaliya Wickramasuriya and Udayanga Weeratunga to justice, Prime Minister Ranil Wickremesinghe told Parliament yesterday.


PM Wickremesinghe said this in response to a question raised by Chief Opposition Whip Anura Kumara Dissanayake in this regard in the House last morning.

Mr. Wickremesinghe said Jaliya Wickramasuriya had been charged with misusing US dollars 300,000 by claiming that the money was spent to purchase a new building to be used as the Sri Lankan Embassy in the US.
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Prime Minister Ranil Wickremesinghe says Currently working on a special programme to provide job opportunities

PM Ranil Wickremesinghe says that the United National Front is currently working on a special programme to provide job opportunities for the youth of the country.

The Prime Minister said that President Maithripala Sirisena’s tour of Germany is a stepping stone for this cause. Making a statement, the Prime Minister said that a large programme is in place to provide job opportunities for the youth in the country. The PM added that they are to create one million jobs in the country in five years, they cannot achieve it through the Lankan market.
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