Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka PM assures to provide solutions to rising fuel prices
Sun, Oct 14, 2018, 11:22 pm SL Time, ColomboPage News Desk, Sri Lanka.

Oct 14, Colombo: Sri Lankan Prime Minister Ranil Wickremesinghe says that the government will also successfully face the economic crisis due to the rising global fuel prices as it successfully faced the other economic challenges such as the country's massive debt burden and the prevailing drought.

Speaking at the opening of a new building complex for Ehetu Wewa Divisional Secretariat in Galgamuwa, Kurunegala on Sunday, the Prime Minister said the fuel prices are expected to rise further in the coming months due to the prevailing oil crisis in the global market.

Accordingly, the fuel prices in Sri Lanka will also fluctuate along with the global price and therefore prices may need to be revised weekly in the future instead of just monthly.

Referring to the criticism against the newly introduced fuel pricing formula, the Premier said it will be a benefit for the masses in the long run.

Prime Minister Wickremesinghe opened the two-storied building complex of Ehetu Wewa Divisional Secretariat constructed at a cost of Rs. 22 million. He also opened the new two-storied administrative building of the Ehetu weva, Bandaranayake Maha Vidyalaya and the aesthetic unit of the school.

Addressing the gathering the Prime Minister said that the economy of the country would be strengthened by developing the export economy. He said that the national economy as well as the economy of the citizens need to have some respite and export-oriented economy should be strengthened further in order to face global economic challenges.

Furthermore, the Premier pointed out that the strengthening dollar is a boost for the exporters and urged the exporters to increase their export volumes.

He added that the government was focusing on developing the tourism, fisheries, garments and Information Technology sectors as well as growth in the exporting of gems, tea and rubber.

Ministers, Akila Viraj Kariyawasam, Vajira Abeywardena and S B Nawinna were present on the occasion.

 

ColomboPage - Recent 10 Stories ::
Sri Lankan banks manage capital impact of SLFRS 9
-- [4 hours ago]
Navy arrests two persons with over 900 kg of illegal Beedi leaves
-- [4 hours ago]
Woman arrested in connection with the Moratumulla fatal shooting
-- [5 hours ago]
Japan grants Rs. 15 million for waste collection in Sri Lanka's north
-- [5 hours ago]
Minister Rishad Bathiudeen given additional portfolio of Vocational Training and Skills Development
-- [6 hours ago]
Sri Lankan academic named 10th President of Southwest Minnesota State University
-- [7 hours ago]
Sri Lankan and Indian gold smugglers nabbed at Sri Lanka airport
Sri Lanka will be able to achieve economic targets in next five years - PM
President observes reduction in spread of kidney disease in Sri Lanka
Human Rights Watch calls for a time-bound plan to hold Sri Lanka to implement UN Commitments

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, 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 LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.