header logo
Asia asset finance
Mogo Academy
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

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.”

 

 

 

MostRead
Mobitel Upahara
VideoStories
 Court orders ex-SIS chief Suresh Sallay to provide Phone and laptop passwords to CID

Court orders ex-SIS chief Suresh Sallay to provide Phone and laptop passwords to CID

Bus fares increased from midnight on July 5 : Minimum fare raised to Rs. 34

Bus fares increased from midnight on July 5 : Minimum fare raised to Rs. 34

32 dengue related deaths reported this year : Public not taking situation seriously

32 dengue related deaths reported this year : Public not taking situation seriously

Sarvajana Balaya leader meets farmers in Medirigiriya : Farmers raise concern over paddy prices

Sarvajana Balaya leader meets farmers in Medirigiriya : Farmers raise concern over paddy prices

“Dengue-related deaths could increase” Health Ministry sets up Dengue Operations Centre and Hotline

“Dengue-related deaths could increase” Health Ministry sets up Dengue Operations Centre and Hotline

No reduction in tuk, school transport service fares despite yesterday's fuel price revision

No reduction in tuk, school transport service fares despite yesterday's fuel price revision

 Seventh IMF review under EFF program in Sept. IMF calls for exchange rate flexibility in Sri Lanka

Seventh IMF review under EFF program in Sept. IMF calls for exchange rate flexibility in Sri Lanka

“Catholic Church influenced Easter Sunday probe” Global Sri Lankan Forum demands independent team

“Catholic Church influenced Easter Sunday probe” Global Sri Lankan Forum demands independent team

President’s recent speech made no reference to actual concerns – MP Dilith

President’s recent speech made no reference to actual concerns – MP Dilith

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

Colombo EV Motor Show 2026 officially inaugurated

Colombo EV Motor Show 2026 officially inaugurated

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Lassana Flora