header logo
Vallibel FD
vallible LE
Latest
PM Ranil says the worst is yet to come
Jun 04, 202210:18 PM
PM Ranil says the worst is yet to come
Mobitel inner 1278

The worst is yet to come, Prime Minister Ranil Wickremesinghe said, appealing to the general public to brace themselves for the looming tough times.

 

Addressing a conference organized in Colombo on Friday, he assured that necessary measures are being taken to introduce a food security programme to deal with the impending food crisis and source financing requirements from all friendly nations.

 

The Premier said the country’s food supply is sufficient until this September or October, adding that the government making efforts to procure fertilizer required for the next Maha season.

 

The country will be self-sufficient by February next year, if the fertilizer procuring attempts are successful, he pointed out.

 

“What do you do in between? As the economy fails, more and more jobs are being lost, more and more enterprises are collapsing. This is what we are heading towards,” he warned.

 

Noting that people may not be able to find three meals a day, the prime minister stressed the need to avoid starvation.

 

“We cannot get through this year by ourselves,” PM Wickremesinghe said, explaining that Sri Lanka needs to reach out again to the countries it rejected.

 

He said Sri Lanka is lucky that India and China came forward for help and added that the island nation should also look towards the western countries.

 

Speaking further, PM Wickremesinghe addressed the criticisms against the Central Bank of Sri Lanka for some of its measures to remedy the crisis situation such as the impact the interest rate hikes have had on the SMEs.

 

The Premier said this is natural given the situation of the country but assured that he would intervene if the impacts of the Central Bank’s policy persist.

 

“I don’t want to interfere [with the Central Bank], because there is confidence if you allow the Central Bank to take decisions on monetary policy independently.”

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
Several areas including Colombo receive heavy rains | Rainfall likely to increase on Nov 14, 15 & 16

Several areas including Colombo receive heavy rains | Rainfall likely to increase on Nov 14, 15 & 16

 President to deliver 2027 Budget Speech tomorrow | Focus on macro picture of Budget – Dy Minister

President to deliver 2027 Budget Speech tomorrow | Focus on macro picture of Budget – Dy Minister

Pilotless passenger drone makes inaugural flight in Sri Lanka

Pilotless passenger drone makes inaugural flight in Sri Lanka

Contempt case against Dilith Jayaweera and 5 others; Further consideration adjourned to tomorrow

Contempt case against Dilith Jayaweera and 5 others; Further consideration adjourned to tomorrow

 Four killed, 70 injured in three-bus collision in Rambewa; Reckless overtaking & speeding suspected

Four killed, 70 injured in three-bus collision in Rambewa; Reckless overtaking & speeding suspected

 Cabinet approves $200mn ADB loan to boost SME Sector

Cabinet approves $200mn ADB loan to boost SME Sector

Colombo flooding examined at DCC meeting;

Colombo flooding examined at DCC meeting;

 Bay of Bengal disturbance may develop into depression; Rains expected to intensify from Nov. 15

Bay of Bengal disturbance may develop into depression; Rains expected to intensify from Nov. 15

Govt. to amend Organised Crime Prevention Bill

Govt. to amend Organised Crime Prevention Bill

 Monks seek pardon for Gnanasara Thero; Urge govt. to curb anti-Buddhist activities in the country

Monks seek pardon for Gnanasara Thero; Urge govt. to curb anti-Buddhist activities in the country

GMOA to stage protest in Colombo tomorrow; Govt reserves right to take action against obstacles – MP

GMOA to stage protest in Colombo tomorrow; Govt reserves right to take action against obstacles – MP

Showers wreak havoc across Sri Lanka; Another low pressure system over Bay of Bengal on Nov. 11

Showers wreak havoc across Sri Lanka; Another low pressure system over Bay of Bengal on Nov. 11

What caused floods in Colombo? Special emergency response taskforce to be set up

What caused floods in Colombo? Special emergency response taskforce to be set up

New bills should empower courts rather than police and politicians -Ex-Justice Minister on Hyde Park

New bills should empower courts rather than police and politicians -Ex-Justice Minister on Hyde Park

Deniyaya Tragedy: Bodies of all victims recovered Another teenager goes missing after boat accident

Deniyaya Tragedy: Bodies of all victims recovered Another teenager goes missing after boat accident

Lassana Flora