header logo
Asia asset finance
Latest
Harin expresses confidence in President Ranil’s long-term plan
Dec 08, 202207:35 PM
Harin expresses confidence in President Ranil’s long-term plan

Tourism Minister Harin Fernando expressed his views on the recent proposal to increase electricity tariffs.

 

Addressing Parliament a short this evening (08 Dec), Fernando stated that although he understands the difficulties such an increase would bring about to those at the bottom of the economic chain, it is time that both, politicians and the people, understand that such difficult decisions and sacrifices are required to aid Sri Lanka out of its current crisis.

 

Comparing the period in which Power and Energy Minister Kanchana Wijesekera initially intended to introduce the QR system as a solution to the country’s fuel crisis, Fernando stated that this proposal too, is receiving the same backlash. He noted, however, that it was the QR code system, and other relevant measures, that reduced the lengthy queues.

 

Similarly, the proposal to increase electricity tariffs too, is another such solution which is intended to aid the country in the long-run, he added.

 

“There is a possibility of a drought next year.  If this happens in the midst of the losses CEB has incurred thus far and if the electricity tariffs are not increased accordingly, we will have 08-hour long power cuts next year. This fact will not change regardless of whether it us or you that is in power,” Fernando said, adding that the people will adjust to these changes accordingly, and that they too should understand the circumstances the country is currently facing.

 

Emphasising that Sri Lankan politicians have never made the necessary decisions at the required time and have only instead created divisions amongst each other, and worked to their own benefit,  refusing to rectify the point at which matters turned sour, the Minister asserted that President Ranil Wickremesinghe is merely trying to untangle the web of issues created over the last 74 years.

 

Comparing former President Gotabaya Rajapaksa’s tenure to that of President Wickremesinghe, Fernando stated that Rajapaksa did not work according to a system, and made ad-hoc irrational decisions instead, unlike Wickremesinghe, who works according to a certain system.

 

“This system, however, will not produce instant results as some of you think it will”, Fernando said, further explaining that Wickremesinghe is currently working towards more long-term goals.

 

 

 

MostRead
Mobitel 5g
VideoStories
Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka's dengue cases cross 35,000 with 19 deaths reported so far this year

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Sri Lanka marks World Environment Day 2026 under Presidential patronage

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

Govt is misusing PTA in an unprecedented manner, Dilith Jayaweera says

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

MP Upali Pannilage claims Anguruwatota elders’ home was not registered with any relevant authority

Private bus operators demand 5% fare revision following the fuel price hike

Private bus operators demand 5% fare revision following the fuel price hike

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

MP Ravi Karunanayake submits motion seeking parliamentary committee to probe CBSL independence

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Sri Lanka likely to face drought in July-August as El Nino threat grows - Met Dept.

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Funds collected under ‘Rebuilding Sri Lanka’ initiative remain unused in Treasury DST account?

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Fuel import costs hit USD 522 million in May,highest monthly foreign reserve outflow

Cabinet approves allocation of over Rs. 500 million  for key development projects in 23 cities

Cabinet approves allocation of over Rs. 500 million for key development projects in 23 cities

“Govt. will fulfill public aspirations”  Past welfare programs fostered political dependency: PM

“Govt. will fulfill public aspirations” Past welfare programs fostered political dependency: PM

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

"CPC incurring massive losses on fuel sales" Cabinet Spokesman says fuel price revisions inevitable

“Preserving the Himalayas, a global responsibility”  Nepal Embassy celebrates Int'l Sagarmatha Day

“Preserving the Himalayas, a global responsibility” Nepal Embassy celebrates Int'l Sagarmatha Day

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

“Sri Lanka is facing a massive economic crisis” Sajith urges govt. to act decisively (English)

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

"Fuel price hike relatively minor" Consumption must be reduced to prevent further hikes – Minister

Lassana Flora