header logo
Asia asset finance
Latest
Opposition to move no-confidence motion against govt?
Apr 08, 202201:11 PM
Opposition to move no-confidence motion against govt?

Opposition Leader Sajith Premadasa says a no-confidence motion will be moved against the government if it does not listen to the calls of the public.

 

His remarks came during the adjournment debate on the report of the International Monetary Fund (IMF) in the House today. The parliamentary session was convened at 10.00 a.m. this morning.

 

Delivering his speech, the leader of Samagi Jana Balawegaya (SJB) presented a set of proposals for resolving the ongoing financial and political crises.

 

Stressing that the executive presidency must be abolished completely, Premadasa called for devolution of power among the Executive, the Constitution and the Judiciary.

 

A program should be implemented to strengthen constitutional democracy in Sri Lanka through checks and balances system, he added.

 

In his suggestions to resolve the financial crisis, the opposition leader said Sri Lanka must avoid disorderly default and reach an agreement with the creditors.

 

Speaking further, he said the government needs to appoint global legal and financial advisors without delay and go for consent solicitations with the creditors. Premadasa also noted that Sri Lanka needs a bilateral and multilateral debt moratorium.

 

 

 

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