Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka will not face any economic crisis, President asserts
Thu, Apr 20, 2017, 11:09 pm SL Time, ColomboPage News Desk, Sri Lanka.

Apr 20, Colombo: Sri Lanka President said the government is committed to improve the country's economy although there is no serious economic crisis in the island nation at present.

The President disclosed that the country's foreign reserves have increased up to 5 billion USD due to correct economic decisions taken by the present govt.

He expressed the belief that this will further increase in the future gaining a better price for the country's tea and rubber in the international market.

The President expressed his regret for the failures of analysts in making a positive economic review on the current situation in the country. He called upon all media institutions to exercise their duty for the people without protecting the government during certain problematic instances.

He further noted that the country will not face any serious economic crises this year although certain analysts have predicted otherwise.

"We have a sound economy as a result of decisions taken during the past one and half year," the president said adding that the foreign reserves now stand at USD 5 billion. He expressed the belief that it would be further increased in the future.

"The government will be able to move forward strongly and we don't have to think negatively by making any imaginary economic crises," he said.

He said the country's development program is moving forward efficiently and successfully. The government activities at state institutions will be given a new facelift within the next two weeks. This decision was taken by considering the criticism of the people on functions at certain divisions in the public sector institutions. A new program will be implemented to take the public service more efficient, the President disclosed.


ColomboPage - Recent 10 Stories ::
UN, Sri Lanka jointly present #SDGDataLK, first national symposium on data for SDGs
-- [33 minutes ago]
Leesons Hospital installs world’s most advanced cardiac 640 slice CT scanner
-- [1 hour and 0 minutes ago]
Court orders to produce Lalith Weeratunga's visa permit in court to grant approval for overseas travel
-- [1 hour and 16 minutes ago]
First female Mayor of Colombo Rosy Senanayake takes reins of the Sri Lankan capital city
-- [1 hour and 41 minutes ago]
Dialog Axiata Group partners with Orion City to build Sri Lanka's first-ever High Density Data Centre
-- [2 hours ago]
Establishment of Local Government Institutions from today
-- [2 hours ago]
No legal basis to approach ICJ against Sri Lanka, Indian government tells Madras court
-- [4 hours ago]
Sri Lanka's tea production recovers in 2017, up by 5 percent
-- [4 hours ago]
Sri Lankan Tourism Minister hopeful of exceeding tourist arrival target this year despite travel advisories
-- [5 hours ago]
Sri Lankan President says people need to identify politicians who only think of power not the country

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.