News

President Ranil Wickremesinghe stated that restructuring loss-making public institutions will enable the government to allocate more resources to education and healthcare in the future. He emphasized that the country’s true wealth lies in its youth, not in struggling state enterprises. The President noted that many state enterprises are now operating without burdening the government, and he expects that the financial obligations related to SriLankan Airlines will be resolved by the end of the year.

President Wickremesinghe made these remarks during the ceremony to hand over the newly built Faculty of Allied Health Sciences at the Ruhuna University, located in Walahanduwa, Galle, today (19). At the event, the President unveiled a plaque and formally transferred the college building to the students. He also took time for a tour and engaged in friendly discussion with the university staff. Additionally, Vice-Chancellor of the Ruhuna University, Mr. Sujeeva Amarasena, presented a commemorative plaque to President Wickremesinghe.

Marking the occasion, the President also planted a sapling in the Faculty of Science grounds and took a group photo with the university staff.

Addressing the ceremony, President Ranil Wickremesinghe further said;

“Minister Ramesh Pathirana dedicated himself to the establishment of this Faculty of Allied Health Sciences. I urge everyone to fully utilize this facility. Major universities in countries like the United States benefit from such buildings 24/7. When government funds are allocated for education, we must maximize their use. Disrupting classes will harm both you and the country.

It was noted that Rs. 700 billion was spent on SriLankan Airlines and other corporations, but this needs to be managed correctly. These funds should have yielded a tenfold return. Instead, this massive expenditure led to loans under three different governments, increasing our national debt. When the country’s economy collapsed, our first step was to stop borrowing, which was a difficult but necessary task. We had to find new sources of revenue and we informed every government agency that they must cover their own expenses.

This situation impacted every sector, and I faced severe criticism. I had to choose between letting the economy collapse or enduring the backlash. Despite the criticism, we remained committed to our responsibility, with all ministers rendering their support.

At that time, some people opposed the state enterprise restructuring program. Today, electricity and fuel prices are aligned with global prices, and we no longer subsidize them. Additionally, we have stopped providing funds to other corporations, with the only remaining financial obligation being SriLankan Airlines, which we expect to resolve by the end of this year. This will allow the country to redirect funds to education and health services in the coming years.

When these measures were introduced, they faced significant criticism. I posed a critical question: Is our national wealth found in failing corporations or in our youth? We must choose between sustaining loss-making corporations and investing in education and health. I invite everyone to help move the country forward by supporting a new economic transformation over the next two to three years with these new initiatives.”

Minister of Health and Industries Dr. Ramesh Pathirana:

“The people of Galle thank the President for taking the time, amidst his busy schedule, to inaugurate this university building, which is crucial for the future of our country’s children. I am pleased to have completed such an important project during a critical period.

Thanks to President Ranil Wickremesinghe’s sound economic policies, the Galle district has received several significant projects. In the 2024 budget, he allocated substantial funds for health and education, which is a positive step for the future of our children. This new college, inaugurated today, is a source of pride for the Southern Province.”

Chairman of the University Grants Commission Senior Professor Sampath Amaratunge;

“I thank the President for participating in this event. The non-academic staff who have been on strike for 75 days will report back for duty from next Monday. The President intervened to provide a solution to their salary disparity. The President should be thanked for that. The Treasury has allocated Rs. 4.2 billion to pay their arrears. I believe that if we can take our country to a state where there are no strikes, that is the development of the country.”

The Chancellor of the Ruhunu University Ven. Akuratiye Nanda Nayaka Thera, the Maha Sangha and other religious clergy, Southern Province Governor Lakshman Yapa Abeywardena, Members of Parliament Mr. Wajira Abeywardana, Sampath Athukorala and a group of former vice chancellors, deans, academic staff, students and others were present on this occasion.

The flyover at the Kohuwala Junction was declared open and vested with the public today.

The flyover was declared open by Prime Minister Dinesh Gunawardena in the presence of the Minister of Highways and Transport Bandula Gunawardena.

The overhead bridge is 297 meters in length and 9.4 meters in width overarching a four-lane road connecting Nugegoda and Kalubowila controlled by traffic signals.

Senior DIG Nilantha Jayawardena has been placed on compulsory leave in connection to the investigations into the Easter Sunday attacks.

The National Police Commission said SDIG Nilantha Jayawardena has been placed on leave pending a disciplinary probe.

The move comes after the Supreme Court had questioned why the National Police Commission had not initiated action against the former Chief of the State Intelligence Service, as per its court order.

The Supreme Court last week instructed the National Police Commission to adhere to the court order and take action against Senior DIG Nilantha Jayawardena.

The SDIG, along with former President Maithripala Sirisena, is accused of failing to prevent the 2019 Easter Sunday terror attacks, despite receiving intelligence information.

President Ranil Wickremesinghe announced plans to develop the Western Province into a major city accommodating approximately 05 million people.

The President emphasized that the government is implementing a revolutionary program to provide freehold land and housing rights to the people covering villages, towns, and plantations, aiming to alleviate hardships faced by the country’s citizens.

President Ranil Wickremesinghe made these remarks while attending the “Randora Urumaya” program, which grants freehold deeds to 50,000 low-income families residing in flats in Colombo. The event took place at Sugathadasa Stadium, Colombo, this afternoon (17).

According to President Ranil Wickremesinghe’s vision outlined in the 2024 budget proposals, the Urumaya program aims to grant freehold land rights to 02 million people and full ownership of houses to 250,000 low-income families residing in Colombo flats.

In the initial phase, 50,000 low-income families residing in Colombo flats will receive freehold deeds. Today, a total of 1,117 title deeds were awarded, comprising 937 houses from the Urban Development Authority and 180 houses from the National Housing Development Authority.

Accordingly these “Randora Urumaya” title deeds will be distributed to residents of Mihindu Sethpura, Sirisara Uyana, Metro housing complexes under the Urban Development Authority, and 31 flats under the National Housing Development Authority.

President Ranil Wickremesinghe, speaking at the event, further added,

Today, one of your problems has been solved—you now have ownership of your house. We understand that losing ownership of a house is a significant issue for people. As an MP represented the Colombo district, I have a deep understanding of the challenges faced by its residents.

When we took office, the country was in a very challenging economic situation. Many suffered greatly due to the previous economic crisis. However, you trusted that the government would work towards rebuilding the country’s economy. It is because of this trust that we have been able to make progress. I sincerely thank all of you for your patience and confidence in us.

Today, the country is progressing economically. This government is not affiliated with just one party. It was formed swiftly by bringing together individuals from various parties when some neglected their responsibilities. This type of government has not existed in our country before.

As we continue to build our nation today, its benefits should extend to the common people. That’s why we have ensured that you receive full ownership of these flats. Our country is progressing, but for our economic development to continue, we must strive further to improve the quality of life for our people.

This government has achieved what no other government has. We have empowered ordinary citizens by expanding Freehold land ownership across the country. Previous administrations focused primarily on ownership in the stock market—tracking share purchases and market fluctuations. Instead, we focused on empowering ordinary citizens.

The farmers of our nation have consistently delivered good harvests in past seasons, which has been crucial for our recovery from economic downturns. It’s essential that we secure their land rights. Until now, these rights were only granted through licenses. We have started granting Freehold land rights. By the end of this term, over 02 million people will have their land rights secured, and those in flats will gain ownership of their houses. This initiative will significantly increase the number of landowners and house owners in our country.

It’s important to note that no previous government has undertaken the revolutionary measures we have implemented. This program was launched to provide much-needed relief to the people of our country.

Furthermore, plans are underway to implement a housing program for estate residents in the near future. I have convened meetings with the respective MPs to discuss this initiative and have instructed them to draft new legislation and proceed with consultations.

Our primary focus remains on securing housing and land rights for all residents across villages, cities, and plantations, marking a cornerstone initiative of this government. This program will serve as a catalyst for broader societal transformation.

It is important to acknowledge the significant contributions of three former leaders who dedicated.

Former Prime Minister Sir John Kotelawala initiated the construction of the first apartment complex in Bambalapitiya. Following his lead, then President Ranasinghe Premadasa undertook significant apartment projects in Colombo, further advancing urban housing development. Additionally, Former President Gotabaya Rajapaksa made substantial contributions to enhance the apartment program. These leaders deserve recognition and gratitude for their efforts in this regard.

The value of the freehold house deeds you receive today is expected to double in the next decade. Therefore, I urge you to manage your property diligently and responsibly to ensure your future success and prosperity.

Please refrain from mortgaging the deed you receive today. Over the next decade, Colombo is slated for significant development. Our vision is to transform the Western Province into a bustling metropolis accommodating five million residents. As part of this initiative, out-dated government buildings on public lands will be replaced, and plans are underway for a new port in the province, led by Minister Prasanna Ranatunga and his team.

Furthermore, we have committed to constructing new schools in the Kolonnawa area, and preparations for this program are already in progress.

Prime Minister, Dinesh Gunawardena,

As per the 2024 budget proposal, today marks a significant milestone in securing land and housing rights for the people. Owning a home today marks a proud achievement. Food, clothing, and shelter are fundamental human needs, and owning your home fulfils a crucial aspect of these needs. This ownership can revolutionize your life, and it is essential to manage it diligently for a successful future.

The initiative of the Urban Development Minister to enhance all areas of Colombo city is commendable. Through projects like the Colombo Urban Apartment Project, a substantial number of people now own homes. President Ranil Wickremesinghe has been instrumental in spearheading these efforts, underscoring his commitment to improving housing accessibility and urban development.

Speaker of the Parliament Mahinda Yapa Abeywardena, Minister of Urban Development and Housing Prasanna Ranatunga, Minister of Public Security Tiran Alles, Governor of the Western Province Marshal of the Sri Lanka Air Force Roshan Goonetileke, State Ministers Thenuka Vidanagamage, Arundika Fernando, MPs Wajira Abeywardana, A.H.M. Fowzie, Yadamini Gunawardena, Attorney at Law Premnath C. Dolawatte,(Rtd) Major Pradeep Undugoda, Attorney at Law Madhura Withanage, Senior Adviser to the President on National Security and Chief of the Presidential Staff Sagala Ratnayake, Former Minister Ravi Karunanayake, Presidential Senior Adviser on Economic Affairs Dr. R. H. S. Samaratunga, Director-General of Presidential Trade Unions Saman Rathnapriya, secretary to the Ministry of Urban Development and Housing W.S. Sathyananda were also present at the event.

Dr. IZUMI Hiroto, the head of the Japanese delegation visiting Sri Lanka, lauded the successful completion of the country’s debt restructuring process, noting that it has paved the way for the resumption of Japanese Official Development Assistance (ODA) projects. These projects, which include several initiatives that were suspended last period, are now poised to restart, signaling a renewed phase of cooperation and development.

Dr. Hiroto highlighted that the international community’s confidence in President Ranil Wickremesinghe’s leadership is strongly reflected in the expedited success of the debt restructuring agreements. This achievement, accomplished in partnership with the Official Creditors’ Committee and the International Monetary Fund, underscores a remarkable turnaround for Sri Lanka.

The high-level Japanese delegation, comprising representatives from the housing, construction, and urban sectors, met with President Ranil Wickremesinghe at the Presidential Secretariat this morning (18).

During the meeting, Dr. IZUMI Hiroto highlighted the successful completion of Sri Lanka’s debt restructuring process and announced that projects under Japanese Official Development Assistance (ODA), including those previously suspended, are set to resume.

The discussion also focused on new investment opportunities in Sri Lanka, emphasizing the potential for enhanced cooperation between the two nations. The delegation expressed their appreciation for Sri Lanka’s economic progress and the swift achievement of debt restructuring agreements in collaboration with the Official Creditors’ Committee and the International Monetary Fund. They praised President Wickremesinghe’s leadership in navigating the country through its financial challenges, which has restored international confidence and paved the way for renewed development initiatives.

President Ranil Wickremesinghe, recalling Japan’s invaluable support during Sri Lanka’s debt restructuring process, emphasized Sri Lanka’s commitment to deepening economic cooperation with Japan across various sectors, including education and agricultural modernization. The President stressed the importance of resuming stalled projects under Japanese cooperation to further strengthen bilateral relations.

Additionally, President Wickremesinghe highlighted the critical role of the Colombo Dockyard, underscoring its significance as a key institution in Sri Lanka s maritime and industrial landscape.

The Japanese delegation noted that several projects that are currently suspended, including the Bandaranaike International Airport (BIA) Development Project, the Colombo Port Eastern Terminal Development Project, the Central Expressway Construction and the Digital Broadcasting Project, can be promptly restarted.

Additionally, the delegation highlighted the potential to resume the Light Railway Transit (LRT), which was halted by the previous government. They are actively assessing locations to re-implement this project, recognizing its significant potential to alleviate traffic congestion in Colombo city.

Both sides emphasized the significance of Public-Private Partnerships (PPP) in executing housing for low-income earners and other urban development projects. It was also highlighted that the Government of Sri Lanka is committed to promoting environmentally friendly projects and renewable energy in line with its policies and international agreements.

The Japanese delegation expressed their willingness to the President to recruit Sri Lankan graduates in the field of technology for job opportunities in Japan’s private sector. This initiative aims to improve the electricity supply sector in Japan. The delegation also highlighted the Joint Credit Mechanism (JCM), which encompasses projects designed to promote environmental sustainability by utilizing advanced Japanese technology to reduce carbon dioxide emissions.

Chief of Presidential Staff and Senior Advisor to the President on National Security Sagala Ratnayaka, Japanese Ambassador to Sri Lanka H.E. Mizukoshi Hideaki, Chairman of the Board – Japan Bank for International Cooperation (JBIC) Mr. MAEDA Tadashi, Presidential Senior Advisor to the President on Economic Affairs Dr. R. H. S. Samaratunga, and the Managing Director/CEO of the Colombo Dockyard PLC Mr. Thimira S. Godakumbura, along with representatives from several leading businesses in Japan attended the discussion.

The Cabinet of Ministers has given the green light to publish in the Government Gazette and then table in parliament for approval the bill prepared to amend a paragraph of the Constitution with regard to the tenure of the President.

The Cabinet of Ministers had given its policy approval on July 09 to amend paragraph (b) of Article 83 of the Constitution by replacing the words “exceeding six years” with the words “exceeding five years” stated in paragraph (b) of Article 83 of the Constitution.

The Bill prepared accordingly by the Legal Draftsman has received the clearance of the Attorney General, the Cabinet Spokesman said today.

Accordingly, the Cabinet of Ministers approved the combined proposal presented by the President and the Minister of Justice, Prison Affairs and Constitutional Reforms to publish the bill in the Government Gazette and then table it in parliament for approval, he said

State Minister for Finance Ranjith Siyambalapitiya, stated that the effective economic program of President Ranil Wickremesinghe over the past two years has brought stability to the country despite difficult circumstances.

He also extended an invitation to opposition members and economic research experts who have made negative and unfounded claims to engage in an open dialogue on a suitable platform.

Addressing the press briefing themed “Collective Path to a Stable Country” held at the Presidential Media Centre (PMC) today (18), State Minister Ranjith Siyambalapitiya further explained;

A presidential election is one of the most significant democratic decisions made by the people. At such a time, it is essential to create a platform to compare the country’s situation two years ago with its current state. The government’s responsibility includes ensuring the safety, welfare, and development of the people, necessitating dialogue at this critical moment.

President Ranil Wickremesinghe, who accepted the challenge of recovering the country in very difficult circumstances, has managed to steer the country in the right direction through his positive actions over the past two years. Opposition MPs and economic research experts who have presented negative and unfounded claims should engage in an open dialogue on a suitable platform to address these baseless statements.

As the State Minister for Finance, I am always ready to detail the positive steps taken by President Ranil Wickremesinghe to recover the country from the recent economic crisis.

Today, under the leadership of President Wickremesinghe as the Minister of Finance, a new loan scheme for small and medium enterprises was introduced. This loan, provided at a subsidized interest rate of 7% based on a loan from the Asian Development Bank, has an allocation of Rs.50 billion. The main purpose of this initiative is to strengthen small and medium enterprises.

Under this scheme, small and medium enterprises can receive loans up to a maximum of Rs.10 million. Additionally, Rs.6 billion will be allocated for the development of small tea gardens, and Rs.2 billion will be designated for women entrepreneurs.

There is also a need for a debt security agency, which will be established in October. This agency will assist borrowers who are unable to provide guarantee.

A special committee has been appointed to address issues related to all sectors affected by vehicle import restrictions. The committee met in the first week of July, and their report will be submitted to the Cabinet by the second week of August. Plans are then being made to outline the process for resuming vehicle imports.

Additionally, the results of the examination for the recruitment of customs inspectors have been released. Interviews are scheduled for July 26 and 27. We also expect the results for the recruitment of Assistant Superintendents of Customs to be released this week. It should be noted that this recruitment process is being conducted transparently.

With the aim of developing cricket in the schools of the Gampaha district, cricket equipment was distributed to 67 schools yesterday (15) at the Presidential Secretariat. This event was held under the patronage of Mr. Sagala Ratnayaka, the Chief of Staff to the President and the President’s Senior Adviser on National Security.

The program was organized by the Youth Vision 2048 organization and the Sri Lanka Cricket Board, following the vision of President Ranil Wickremesinghe. It was carried out under the full guidance and supervision of Mr. Sagala Ratnayaka.

In his address, Mr. Ratnayaka emphasized the importance of school cricket in nurturing talented players for the national level. He also highlighted President Wickremesinghe’s commitment over the past two years to rebuilding the country’s economy. The President aims to implement an economic program that ensures a prosperous future for the country’s children within a corruption-free framework.

Mr. Ruwan Wijewardena, Presidential Adviser on Climate Change, also spoke at the event, expressing his appreciation for all those contributing to the development of future generations’ sports skills.

Director Youth Affairs and Sustainable Development of the President’s Office Mr. Sathira Sarachchandra, Youth Vision 2048 Advisor Dr. Lasantha Gunawardena, Youth Vision 2048 President Dan Poddiwela, along with officials and principals from the Sri Lanka Cricket Board, sports instructors, and students, were present at the event.

President Ranil Wickremesinghe announced plans to seek UNESCO’s support in a comprehensive modernization initiative for Sri Lanka’s education sector, alongside seeking assistance from the World Bank and the Asian Development Bank for these reforms.

Addressing the inaugural session of the Student Parliament of Buddhuruvagala Maha Vidyalaya, Monaragala, yesterday (17), President Wickremesinghe highlighted the goal of establishing an advanced education system incorporating modern technologies like Artificial Intelligence (AI). His vision is to equip the youth with the skills needed to thrive in the contemporary world.

The inaugural session of the college’s student parliament took place at the Chamber Hall of the Presidential Secretariat following an invitation extended during President Ranil Wickremesinghe’s recent visit to Buddhuruvagala Maha Vidyalaya, Monaragala.

Fulfilling a promise to the students, a valuable collection of musical instruments was swiftly presented to the college, prompting gratitude from the students. The event saw 96 members of the student parliament in attendance, with certificates being distributed under the supervision of Secretary to the President Saman Ekanayake and Secretary-General of Parliament Kushani Rohanadeera.

Addressing the students, President Ranil Wickremesinghe emphasized that future leaders who will build the country will emerge from these student parliaments. He noted that the experience gained through these platforms will be invaluable and expressed his happiness that student parliaments are active in many schools.

The President also shared the historical and ancient background of the old Parliament Building, now the Presidential Secretariat, engaging in a friendly conversation with the students and informing them about the parliamentary system, including the Constituent Assembly.

Secretary-General of Parliament Kushani Rohanadeera explained the role of Parliament.

The principal of Buddhuruvagala Maha Vidyalaya, Monaragala H.M.U.B. Herath, along with several teachers and parents, were also present on this occasion.

Minister of Power and Energy, Kanchana Wijesekera highlighted that following the revision of electricity prices, there is potential for a reduction of approximately 20% in the prices of goods and services in the market.

The Minister further urged the business community to alleviate the burden on the public by lowering prices, starting from midnight on the day of the electricity price adjustment, coinciding with the reduction in electricity bills.

Addressing the press briefing titled “Collective Path to a Stable Country” held at the President’s Media Centre (PMC) today (16), Minister of Power and Energy, Kanchana Wijesekera emphasized that those consuming less than 90 units have benefited the most from the recent electricity amendment, receiving significant relief.

The Minister further elaborated,

The government has decided to revise the electricity tariff every January, April, July, and October each year. Following the price adjustment in March, the Public Utilities Commission (PUCSL) requested a July revision instead of April. Therefore, the new electricity tariff revision will take effect from July 16. The next revision is scheduled for October.

Amid the economic crisis of 2022, bank interest rates soared to 36%. Escalating prices of coal, fuel, and other commodities due to the Russian-Ukrainian war also contributed to the need for an electricity price revision, the first since 2014, which took place in August 2022.

However, this time, there are several key factors contributing to a 22.5% reduction in electricity prices. Notably, there has been significant improvement in the economic situation. Additionally, over the past two years, there has been an increase in rainfall, leading to higher hydropower generation. Renewable energy production has also seen a rise. In April, electricity from the Uma Oya hydropower plant was integrated into the national grid.

Over the last 18 months, the Ceylon Electricity Board (CEB) has diligently worked to reduce operational costs. No new employees have been hired, reducing the workforce from 26,000 to 22,000 employees.

This tariff revision has provided the most relief to consumers using less than 90 units of electricity, particularly benefiting the 79% of households in this category.

During the peak of electricity billing, the production cost per unit was approximately Rs.48.00, which has now decreased to Rs.35.00. A reduction of 25%-26% in electricity prices has been granted to hotels and industries, while religious institutions have seen a 30% decrease across their entire category.

Looking ahead, the key to further reducing electricity tariffs lies in lowering generation costs, which necessitates the rapid establishment of cost-effective power plants. These new facilities are projected to be operational within the next three years, promising additional reductions in electricity charges thereafter.

Currently, there are only 189,000 consumers using more than 180 units of electricity. For those consuming 30 units, the bill amounts to just Rs.290.00, while those using between 1 and 60 units pay around Rs.790.00.

There has been a significant 20% price reduction for factories and small businesses in this electricity tariff revision. Despite this reduction, it appears unlikely that the prices of goods and services, which typically rise on the same night as electricity price hikes, will decrease accordingly. Recently, fuel and kerosene prices have also dropped without leading to lower consumer prices. Therefore, with the substantial decrease in electricity costs this year, we urge the public to take advantage of these savings, with potential for at least a 20% reduction in overall expenses.

During previous electricity price increases, media reports often compared our tariffs with those of neighbouring countries in the region. I encourage the media to now initiate discussions on how this reduction compares with regional electricity prices and emphasize the continuity of electricity supply. Some media and journalists have speculated that this tariff revision was timed due to upcoming elections. However, these policies were formulated back in 2022 through a formal process, resulting from sound policy decisions rather than populist measures. Therefore, I kindly request equal recognition and acknowledgment for the President and the government when electricity prices are reduced.

In the future, we are focusing on implementing an electricity generation plan that emphasizes efficiency and low operating costs. Prior to 2022, the power sector consistently operated at a loss. However, we have achieved operating profits in both 2023 and 2024.

Due to our agreement with the International Monetary Fund (IMF), funding for the CEB from the Treasury has ceased since August of last year. Despite this, through stringent financial discipline, we have successfully steered the CEB into a profitable position. Significant efforts have also been made to repay a substantial portion of the CEB’s debts to other institutions.

Moreover, the government has actively promoted the installation of solar panels to bolster renewable energy adoption. A plan was devised for rooftop solar panels to contribute 150 megawatts annually to the national grid. Thus far, these installations have added 149 megawatts per year to our national grid.

Minister of Water Supply and Estate Infrastructure Development Jeevan Thondaman, announced that the reduction of water tariffs is being studied alongside the new electricity tariff revision, with a decision expected by the end of this week.

The Minister also highlighted that the Water Supply Board, previously experiencing a monthly loss of LKR 2.8 billion, has now achieved a profit of LKR 6.2 billion.

Minister of Water Supply and Estate Infrastructure Development Jeevan Thondaman made these remarks during the ‘Collective Path to a Stable Country’ press briefing today (17) at the Presidential Media Centre (PMC).

Minister Jeevan Thondaman, elaborating further, also stated:

We commend Minister Kanchana Wijesekera for initiating steps to lower electricity tariffs. The water supply sector is closely tied to electricity tariffs, making it likely that this revision will also lead to reduced water tariffs.

Water availability is influenced by various factors. We previously committed to lowering water tariffs in tandem with reductions in electricity charges. Currently, the Ministry is not only focusing on electricity but also assessing the impact of reduced interest rates, down from 26% to 11%. Additionally, we are studying the potential reduction in water tariffs based on changes in the dollar exchange rate. It’s important to note that the cost of chemicals procured by the water supply board is influenced by the dollar exchange rate.

It is expected that by the end of this week, a decision will be made regarding the extent of the reduction in the water tariff. When I assumed office in January 2023, the Ministry faced challenges, unable to even provide 1,000 new water connections. Moreover, I inherited a Ministry burdened with an USD 800 million debt and a Water Supply Board experiencing monthly losses of approximately LKR 2.8 billion. The board’s monthly recurring expenses of LKR 4.5 billion had a significant national impact.

Since then, we have delivered on our commitments. The number of new water connections has increased to 113,000, with plans to add approximately 30,000 more connections in the coming weeks.

Furthermore, we have successfully transformed the Water Supply Board’s monthly loss of LKR 2.8 billion into a monthly profit of LKR 6.2 billion. It is noteworthy that with a recurring expenditure of LKR 4.5 billion, we have ensured the sustainability of the water supply sector by allocating the surplus towards debt servicing.

Through the Ministry of Power and Energy, we secured a USD 100 million policy-based loan from the Asian Development Bank (ADB). Similarly, preparations are underway for a sub-programme within the water supply sector. Cabinet approval has been obtained for the final two issues of the ADB’s reform proposals: the water tariff formula and the investment framework criteria. Upon approval by the Asian Development Bank Executive Board, an additional USD 100 million is anticipated.

Moreover, we are committed to safeguarding vulnerable and economically disadvantaged communities from the impact of water tariffs. Measures have been implemented to provide subsidies to hospitals, schools, and religious institutions classified as charitable entities.

We are also pleased with the success of the “Aswasuma” program and the President’s focus on increasing wages for plantation workers and granting land rights. The Upcountry communities have gained confidence in the President’s initiatives. Despite challenges faced by Upcountry communities, we are optimistic about the direction we are heading. Today, many longstanding issues affecting Upcountry communities have been resolved.

Next month, discussions will be held with the Ministry of Industries and Estate Companies aimed at finding a lasting solution to the plantation workers’ wage issue. Furthermore, in response to our longstanding request, the President submitted a cabinet paper on land rights last Monday. In Upcountry areas where numerous families reside, there is often only one Grama Sewa Officer, leading to inadequate distribution of government welfare benefits. This is exacerbated by historical land demarcation issues affecting Upcountry residents.

These challenges have impeded the development of Upcountry communities. To address this, the President’s cabinet paper proposes formally recognizing Upcountry areas as villages. Additionally, there is widespread agreement that priority should be given to providing housing rights to Upcountry people. Securing land rights enables individuals to build homes, fostering community development.

President Ranil Wickremesinghe emphasized the importance of a political culture that prioritizes the nation over traditional politics for the country’s advancement.

He underscored that all political leaders, both in government and opposition, bear significant responsibility and must support initiatives aimed at improving the national economy.

The President also emphasized that the responsibilities of all political leaders, from both the government and the opposition, are crucial and should not be underestimated. He underscored the importance of their unified support for the country’s economic upliftment program, free from political entanglements.

President Ranil Wickremesinghe made this statement during a recent meeting at the Presidential Secretariat with a group of lawyers.

The President emphasized that everyone has the right to engage in politics, but no one should undermine the economic framework essential for the country’s advancement. He highlighted that recent strikes, including those preceding the upcoming presidential election after the agreement with the International Monetary Fund was signed, were politically motivated.

President Ranil Wickremesinghe further commented:

“The political culture of our country has evolved over the past two years. A coalition was formed with the country’s interests in mind, operating outside the realm of traditional politics. As a result, today we see individuals from various political affiliations, including those independent of any party, participating actively. The events of May 9, 2022, need no further elaboration. Due to widespread oppression, protests erupted among the public. Certain individuals sought to capitalize on these movements. As a result, traditional parties failed to regain leadership of the country.

In December 2021, I had a discussion with the Managing Director of the International Monetary Fund, who highlighted a pressing issue in our country and urged me to convey this to the President for prompt action.

I subsequently informed the former President about this matter, and it was also discussed during the visit of World Bank representatives. Around the same time, the President convened a meeting with political parties in Parliament to address the issue, during which each party put forward distinct proposals.

Only Mr. Sampanthan and Mr. M.A. Sumanthiran from the Tamil National Alliance joined while I was the sole participant from the United National Party. Other opposition parties chose not to join. It must be emphasized that it is an incorrect action.

During this period, the country faced a crisis, necessitating collective efforts to determine the necessary measures. No one could evade this responsibility. The leader of the opposition serves as the alternative Prime Minister, not merely a bystander. Therefore, it was their duty to participate. However, none of the political parties took any action in this regard.

Following that, on May 09, Prime Minister Mahinda Rajapaksa resigned. At that time, SLPP was unable to maintain government power, and we must acknowledge this. Ministers also resigned. Given the British system, the alternative prime minister could have assumed leadership.

Many believed that according to tradition, if Mr. Mahinda Rajapaksa resigned, the leader of the opposition should be given the first opportunity. I expressed willingness to support anyone in this role, but despite being informed to attend on May 10, he did not come forward. They had decided not to accept the post of Prime Minister and did not fulfil their duty, possibly due to focusing on short-term political strategies.

During the budget debate, some put forward ideas on how to revive the country, but declined to take on the responsibility themselves. The Janatha Vimukthi Peramuna made no effort at all. However, we accepted this responsibility. At the time, the country was declared bankrupt. I was confident that we could recover from this situation. At that moment, it didn’t matter who the President was; my priority was saving the country.

We have encountered such challenges before. During the 1971 rebellion, Mr. J.R. Jayawardena, then the leader of the opposition, supported Mrs. Sirimavo Bandaranaike. His son was even arrested once, but their stance remained unchanged. In 1989, Mrs. Sirimavo Bandaranaike and Minister Ratwatte approached President Premadasa to pledge their support for restoring law and order in the country. The army commander then asked them to refrain from criticizing their actions once undertaken, to which both agreed. This illustrates our history of discussing and cooperating in different circumstances.

When the Indo-Ceylon agreement was signed, Mrs. Sirimavo Bandaranaike and Mr. Dudley Senanayake collaborated despite other times of conflict, which was not seen as problematic. Sri Lanka stands out in Asia for its practice of transferring power based on election results to the winning party.

Despite discussions on judicial independence, Sri Lanka’s judiciary operates uniquely. Issues faced by India’s Supreme Court under Mrs. Indira Gandhi serve as a notable example.

While carrying out these duties, we encountered the events of July 9. On that day, the former President vacated the Presidential Palace. Concurrently, I was also asked to resign as Prime Minister. I questioned, to whom I should submit my resignation letter? Should I search the seas to find the President?

I stated that if I were to resign, I would need to nominate someone with majority support. The opposition leader says, “No, we need to appoint someone therefore you resignation.”

There, I emphasized that the person present should be given priority. Then they requested the Speaker to take charge. The Speaker responded that while he could manage Parliament, he couldn’t take on the responsibility of controlling the economy. This marked a breakdown in the country’s political system.

Eventually, there was an attempt to raid the Parliament. When the Army Commander notified that, all the party leaders were inside and they said the Prime Minister should resign. Shortly after, the Army Commander received word that protesters were approaching Parliament. Within five minutes, everyone evacuated the premises. I had to inform the Army Commander to safeguard Parliament and also alerted the Speaker about the situation.

During times of need, they chanted slogans without taking responsibility. Despite multiple invitations for discussions, none of them attended. Subsequently, a new political culture emerged in the country. When I assumed the Presidency, I received support from all parties, yet every party also voted against me. A faction, including the Chairman of the SLPP, moved to the opposition, while another group from SJB supported me. Together, we formed a government and I continued working with former ministers without intending to replace any of them, though some departed voluntarily.

Politicians from various parties united to work for the nation, receiving support from Members of Parliament regardless of party lines and external sources. Since then, this government has made remarkable strides, achieving success through collaborative efforts regardless of party differences. We have successfully emerged from bankruptcy and are now recognized globally as a country capable of repaying its debts.

We are currently implementing agreements with the International Monetary Fund, Official Creditors’ Committee for Sri Lanka, China Exim Bank, and private creditors. We cannot afford to make different promises; engaging in old politics is no longer an option, and we recognize that. For the country to progress, economic transformation towards a modern export-oriented economy is essential. Our goal is to increase the GDP from USD 85 billion to USD 350 billion by 2048, achievable through diligent efforts.

Countries like Singapore and Vietnam have achieved development by maintaining consistency in their policies. In politics, our focus should be on establishing fundamental stability.

In Parliament, diverse opinions may arise, but advancing the country’s economic framework is crucial. Many today seek to undermine this framework. Despite recent strikes, coinciding with the upcoming Presidential Election in September and October, there is no need for strikes. If dissatisfied with one party, voters can choose another. Efforts to destabilize the economic framework were opposed by the people. Now, we must affirm the country’s achievements and determine whether to chart a new course or maintain the current system.

It’s important to acknowledge that your presence here today is a tremendous strength. Let’s unite to advance the country. Let’s set aside party politics for the next five years.

Our country needs a stable economic system. In the first round of the French parliamentary elections, there was an expectation that the extreme liberalised would dominate. However, both the liberalised -wing and lefties decided to unite against the third party in those seats without contesting each other. If the 3rd person is from my Party, my party expels a member, if it is from yours your party should also expel a member. Now, the situation has reversed. Therefore, there are opportunities to collaborate and move forward together. We should strive to create such a scenario in our country.

Let’s acknowledge the political changes in our country and work together to build our future. We cannot remain a nation reliant on begging indefinitely. It’s crucial to uplift the country economically and foster a strong economy. We invite everyone to join hands in fulfilling this responsibility. Thank you for being here today.

Minister of Foreign Affairs President Counsel Ali Sabry,

Many lawyers from different parts of the country are gathered here today. We reflect on our political roots, whom we represent, our political history, and our party affiliations. I am here representing the Sri Lanka Podujana Peramuna (SLPP). One might wonder why I am now supporting President Ranil Wickremesinghe for the first time.

We all remember how, at the end of the Thirty Years’ War, President Mahinda Rajapaksa was given the opportunity to lead the country once again as the leader who brought an end to that conflict, aiming to stabilize the nation further. A similar situation exists today.

You all recall the state of our country two years ago. By April 2022, there was no one to assume the role of Finance Minister, so I took on the position temporarily. At that time, our foreign reserves dwindled to USD 20 million, equating to less than a dollar per citizen. Queues were rampant, with shortages of fuel, gas, and electricity cuts lasting up to 13 hours. Inflation soared to 76%, and we faced difficulties in servicing our foreign debts. Our international allies were deeply concerned about Sri Lanka’s situation.

Today, inflation has reduced to 1.5%, and our foreign reserves are nearing USD 6 billion. Achieving this milestone was no easy feat. Unpopular decisions had to be made without regard for political considerations. We witnessed the consequences of avoiding those tough choices. Different individuals excel in different areas, and there was widespread acknowledgment of President Ranil Wickremesinghe’s ability to rebuild the country. Therefore, the SLPP decided to support President Ranil Wickremesinghe for this purpose.

Before that, the opposition leader was invited. I was well aware of this because I was the finance minister at that time. Prior to President Ranil Wickremesinghe accepting the challenge, I, as the former Finance Minister, spoke with the opposition leader. He requested to speak with Mr. Harsha de Silva. Subsequently, I contacted Mr. Harsha de Silva, who inquired about meeting officials from the Central Bank and Ministry of Finance. I arranged for them to meet at the opposition leader’s office. It was mentioned that Eran Wickramaratne, Kabir Hashim, and the opposition leader would also participate with Mr. Harsha De silva.

Mr. Mahinda Siriwardena was the Secretary of the Ministry of Finance then, and he remains the current Secretary. Similarly, Mr. Nandalal Weerasinghe, who was the Governor of the Central Bank at that time, continues to hold that position. The group, including the opposition leader, held discussions with them. Later, Mr. Harsha de Silva remarked that the country’s situation was more critical than anticipated. It was indirectly suggested that their assumption of leadership at that moment posed a threat to their political standing. It seemed they were prepared to take charge after the country had collapsed and faced challenges on every front.

However, Mr. Ranil Wickremesinghe did not impose conditions. Even during my tenure as finance minister, he provided guidance without self-interest, solely focusing on the country’s situation. Consequently, he has formulated an economic framework today that has proven successful, evident from the results we have witnessed. Yet, no one has stepped forward with alternatives beyond criticisms. It is imperative to safeguard the economic foundation laid by the President from collapsing. Therefore, I urge everyone to support this program and collaborate in nation-building efforts.

Minister of Education and Attorney-at-Law Dr, Susil Premajayantha,

It should be noted that Parliament has not seen as many new bills and amendments in any other two-year period in its history as it has in these past two years. Under the President’s program, more new bills and amendments will be necessary in the future. These past two years have been extremely challenging. Throughout this time, the President has consistently provided guidance to all sectors.

We endured a period when we couldn’t print textbooks; provide uniforms, and teachers lacked fuel to go to paper marking. Now, we have overcome those challenges. The severe economic situation has been effectively managed during these two years.

The opposition’s stance on the Parate Law reflects their approach. They discussed it for a year and a half, but amending it then could have collapsed the banking system.

In contrast, the government took steps to provide relevant relief under the law. When we proposed an amendment, the opposition not only failed to amend ours but also sought changes to the fundamental law itself. These actions highlight the opposition’s strategy. To move beyond this, we must establish political stability in our country, a goal demonstrated by the President over these past two years.

The event was attended by Minister of Ports and Aviation Services Nimal Siripala de Silva, Member of Parliament Premanath C. Dolawatta, Senior Advisor to the President and Presidential Chief of Staff Sagala Ratnayaka, and numerous senior lawyers representing all districts of the island.