header logo
Asia asset finance
Mogo Academy
Latest
NPP now following Ranil’s path after reversing its stance on taxes - Dilith
Jul 14, 202501:46 PM
NPP now following Ranil’s path after reversing its stance on taxes - Dilith
Mobitel Inner

The present government-led by the National People’s Power (NPP) has changed its stance on taxes and is now following the path taken by former President Ranil Wickremesinghe, leader of the Sarvajana Balaya Alliance Parliamentarian Dilith Jayaweera stated.

 

Speaking during a media briefing in Colombo today (14), MP Jayaweera said the public is dismayed by the actions of the present government which is continuously imposing taxes on a regular basis.

 

The Parliamentarian said although the proposed 30% tariff by US President Donald Trump will have a detrimental impact on local businesses, those in the government have been focused on the reduction of a mere 14% from the previously announced 44%.

 

He said despite assertions by those in the government, the reality is that local businesses that were dealing with a tariff rate of 10% are now faced with an increased rate of 30% for its exports.

 

Parliamentarian Dilith Jayaweera noted that the government cannot take a relaxed approach, since the tariff rate increase will result in the reduction in demand for Sri Lanka products in the US.

 

He stressed that when the demand for Sri Lankan products decreases, the volume of exports by local companies will reduce which will eventually lead to job cuts.

 

MP Jayaweera therefore requested the NPP government to take meaningful steps to address the issues faced by businesses and the people in general, instead of focusing on matters such as education reforms which will create new problems.

 

 

 

MostRead
Mobitel Upahara
VideoStories
“Dengue threat will persist for four weeks "Total number of infections in 2026 surpasses 61,000

“Dengue threat will persist for four weeks "Total number of infections in 2026 surpasses 61,000

“Govt. must be held accountable for loss of life ”Independent probe called into Negombo Prison Clash

“Govt. must be held accountable for loss of life ”Independent probe called into Negombo Prison Clash

“Belittling honors bestowed on war heroes unacceptable” - Gammanpila on remarks by AG Dept. official

“Belittling honors bestowed on war heroes unacceptable” - Gammanpila on remarks by AG Dept. official

Death toll in Negombo Prison Clash climbs to 26 Justice Minister accepts responsibility for incident

Death toll in Negombo Prison Clash climbs to 26 Justice Minister accepts responsibility for incident

Negombo Prison Violence: Two dead, 28 hospitalized;  Drug kingpin linked to deadly clash?

Negombo Prison Violence: Two dead, 28 hospitalized; Drug kingpin linked to deadly clash?

“Many insults are being hurled at Buddhist monks” Asgiri Chief Prelate calls for unity among clergy

“Many insults are being hurled at Buddhist monks” Asgiri Chief Prelate calls for unity among clergy

Agriculture Minister links excess rice consumption by public to high rate of diabetes in Sri Lanka

Agriculture Minister links excess rice consumption by public to high rate of diabetes in Sri Lanka

Dengue cases continue to soar as deaths rise to 39; PHIs intensity operation against dengue

Dengue cases continue to soar as deaths rise to 39; PHIs intensity operation against dengue

 Prices of multiple food items reduced from midnight today

Prices of multiple food items reduced from midnight today

Several farmers continue protests, demanding fair guaranteed paddy prices

Several farmers continue protests, demanding fair guaranteed paddy prices

Dengue cases continue to spike across several districts of the island

Dengue cases continue to spike across several districts of the island

Former Navy Commander Wasantha Karannagoda granted bail on two surety bonds

Former Navy Commander Wasantha Karannagoda granted bail on two surety bonds

Rakitha Rajapakshe, Charith Abeysinghe and another further remanded until July 17

Rakitha Rajapakshe, Charith Abeysinghe and another further remanded until July 17

Opposition Leader accuses Govt. of failing to honour its election promises

Opposition Leader accuses Govt. of failing to honour its election promises

Agriculture Minister vows to implement all possible measures to address farmers' concerns

Agriculture Minister vows to implement all possible measures to address farmers' concerns

Lassana Flora