President Ranil Wickremesinghe took centre stage in a recent roundtable discussion organized by the Consortium of Indian Industry (CII) and World Economic Forum yesterday (16), unveiling a comprehensive economic vision for Sri Lanka. The President emphasized the successful resolution of supply bottlenecks, the removal of import restrictions and the restoration of foreign exchange liquidity as key factors contributing to sustained economic growth.

Sri Lanka is actively expanding its trade agreements, with a recently completed comprehensive Free Trade Agreement (FTA) with Singapore and an upcoming FTA with Thailand in February. Ongoing discussions with India, China, and Southeast Asian nations highlight the nation’s commitment to global economic integration.

President Wickremesinghe welcomed private investments, particularly in infrastructure development and the divestment of state-owned enterprises. Lucrative opportunities for potential investors were highlighted in key sectors such as telecommunications, financial services, and energy. The collaborative efforts with India on renewable energy projects, focusing on offshore wind and solar sources, underscored the commitment to sustainable energy solutions. Plans for a high-capacity power grid and bidirectional electricity trade further showcased the dedication to energy and power connectivity.

Bilateral trade and economic engagement were central themes, with plans outlined for liberalizing trade in goods and services, customs cooperation, and trade facilitation with India. The emphasis on technology cooperation and the use of the Indian rupee for trade settlement reflects a commitment to strengthening economic ties. Sri Lanka’s vision also extends to tourism and people-to-people connectivity, fostering cultural and educational collaborations.

Engaging with top Indian CEOs across various sectors, President Wickremesinghe discussed opportunities in supply chain efficiency, healthcare, consumer products, telecom, and clean energy. The roundtable positioned Sri Lanka as an attractive destination for diverse investments. Recognizing the importance of digital technologies in logistics, the President highlighted the potential for collaboration in enhancing infrastructure efficiency.

In conclusion, President Ranil Wickremesinghe’s dynamic vision, shared during the roundtable, underscores Sri Lanka’s commitment to economic prosperity, regional collaboration, and sustainable development. The dialogue with Indian CEOs lays the groundwork for robust partnerships and investments, fostering a new era of economic growth for Sri Lanka.

A special discussion on the statement made by the Central Bank Governor Dr. Nandalal Weerasinghe saying “No matter who came into power, there is no other option other than the IMF”, will telecast today (17) at 10.00 pm on Rupavahini’s ‘Mahajana Dinaya’ Programme.

• President met with Northern Palm Industry – Plans to Form a Committee to Address Issues in the Palm Industry.
• President Holds Discussion with the Bar Association of the Northern Province.

President Stresses Willingness to Make Tough Decisions for Economic Course Correction in Meeting with UNP Activists in Jaffna.

Ms. Akila Thirunayaki, a resident of Mulliyavalai, Mullaitivu, who recently clinched two gold medals in the 5000m and 1500m events, along with a bronze medal in the 800m event at the recent Asia Masters Athletics Championship in the Philippines, had the honour of meeting President Ranil Wickremesinghe yesterday (06). This meeting took place at the Northern Province Governor’s Official Residence.

A 72-year-old retired prison officer, Ms. Thirunayaki showcased her athletic prowess from an early age and holds the position of the sixth sibling in a family comprising four brothers and nine sisters.

Having served as a prison officer before retiring, Ms. Thirunayaki has not only represented the country but has also clinched gold, silver, and bronze medals in various veterans’ tournaments held in Thailand, Japan, Singapore, Malaysia and India.

During the meeting, President Wickremesinghe engaged in a friendly conversation, inquiring about Ms. Akila Thirunayaki’s sports activities. Additionally, as a gesture of encouragement, the President presented her with a gift voucher, acknowledging her remarkable achievements in the field of athletics.

President Ranil Wickremesinghe convened a meeting with United National Party members from Jaffna and Kilinochchi districts at Walampuri Hotel, Jaffna, today (07) emphasizing his commitment to making unpopular decisions for the benefit of the country’s economy. He highlighted the significance of the Northern Province in Sri Lanka’s Tamil civilization and pledged to connect its economy to the national economy swiftly.

President Wickremesinghe stressed that with rapid economic development in the North, new job opportunities and investment prospects would emerge. He sought the support of all representatives in the region to contribute to the development of both the North and the country. The meeting, organized by Jaffna District UNP Organizer Former Minister of State Vijayakala Maheswaran, provided a platform for approximately 600 party members to directly present their concerns to the President.

A young artist named K.A. Ravi, presented President Wickremesinghe with a portrait during this the meetings, showcasing local talent.

The President commented on the occasion further said:

“I extend my gratitude to Mrs. Vijayakala Maheswaran for organizing this meeting. Among the pressing issues in the Northern Province, the matters of land disputes and missing persons have taken precedence. As a government, we have devised plans to provide expeditious solutions to address these concerns.

We are committed to resolving the land issue in the North and addressing the missing persons’ matter before the conclusion of 2025. Additionally, an on-going program is in place to provide housing for the displaced population.

To capitalize on the abundant wind and thermal energy resources in the Northern Province, we aim to increase energy production, with a focus on energy export. The production of green hydrogen and green ammonia has been prioritized.

Modern technology is set to enhance the agricultural landscape in the fertile lands of the Northern Province, aiming to establish an export-oriented agriculture sector. Recognizing the impending global population increase, our focus is on meeting the food requirements through increased export agriculture.

A dedicated program is underway to boost the tourism industry in the Jaffna district. Necessary infrastructure is being developed to enable global Hindu devotees to witness the Vel Procession in Jaffna. Special events such as the Esala Procession in August, the Kataragama Procession and Jaffna’s Vel Procession are strategically planned to attract tourists.

Initiatives are underway to provide the diaspora with new investment opportunities, particularly in the development of health and education in the North.

These economic reforms are poised to generate new job and investment opportunities in the Northern Province. The ensuing job opportunities will contribute to the improvement of living standards for the youth in the North.

While decisions aimed at strengthening the country’s economy may not always be popular, I am committed to making the necessary, albeit unpopular, choices to steer the country’s economy in the right direction. Let us collectively contribute to the development of the Northern Province and the prosperity of the entire country.”

Secretary to the President Mr. Saman Ekanayake, the President’s Director General of Community Affairs Mr. Rajith Keerthi Thennakoon, Former member of the Chunnakam Pradeshiya Sabha Mr. Suresh Kumar and several others were in attendance at this event.

In a parallel development, President Ranil Wickremesinghe joined a meeting with palm industrialists from the Northern Province today (07) at Thandei Chelwa Auditorium in Jaffna.

During the session, the President declared the formation of two committees tasked with investigating both social issues and challenges within the palm industry in the northern region. President Ranil Wickremesinghe expressed that upon receiving the relevant committee’s report, essential decisions would be made to modernize the palm industry in the North.

Emphasizing his commitment to equal rights for all in the region, the President underscored that he stands firmly for this principle. He also highlighted the non-political nature of promises, asserting that a thorough understanding and resolution of issues will be beneficial for everyone involved.

The event was attended by the Minister of Fisheries Douglas Devananda, Member of Parliament Angajan Ramanathan, Secretary to the President Mr. Saman Ekanayake and a significant number of industrialists involved in the palm-related industry.

President Ranil Wickremesinghe also met with the members of the Bar Association of Northern Province and a group of businessmen at the Governor’s official residence yesterday (06) to discuss various legal and business related challenges in the Northern Province. The meeting provided an avenue to address concerns and explore potential solutions to enhance the region’s legal and business environment

• Pivotal decisions necessary for economic development have already been implemented.
• The primary objective of the government is to provide quick relief to the people – President says inaugurating the new Air Force Headquarters.

President Ranil Wickremesinghe underscored that decisive actions would lead Sri Lanka to rapid economic growth this year. Despite facing criticism for these challenging decisions, he emphasized that they were undertaken in the best interest of the country. The President expressed his hope for unity in the New Year, urging collaboration among political parties to fulfil their collective responsibility in safeguarding the nation.

These remarks were made during President Wickremesinghe’s attendance at the opening ceremony of the new Air Force Headquarters at the Akuregoda, Battaramulla Military Headquarters this morning (01).

As the Commander-in-Chief, President Ranil Wickremesinghe was warmly received with military honours upon his arrival at the Air Force Headquarters, marking a significant event in the nation’s commitment to modernizing its defence infrastructure.

Continuing the auspicious occasion, President Ranil Wickremesinghe formally inaugurated the new Air Force Headquarters by unveiling the commemorative plaque. Subsequently, he actively participated in the observation of the parade organized by the Air Force.

In a symbolic display, Air Force planes soared in the sky, paying tribute to the President and highlighting the significance of the event. Following these formalities, President Wickremesinghe engaged in a cordial exchange with air force members, extending his heartfelt congratulations for the New Year.

Addressing the event, the President further stated:

Today marks a momentous occasion for the Air Force, commemorating 73 years of dedicated service. Throughout its history, the Air Force has played a pivotal role in rescuing citizens from the perils of terrorist wars, internal conflicts, and natural disasters. The inauguration of the modern Air Force Headquarters equipped with cutting-edge technology signifies a significant milestone, enabling the provision of technical expertise crucial for addressing future challenges.

The Air Force’s role in positioning Sri Lanka as a defence hub in the Indian Ocean is of immense significance. To fulfil this role effectively, our forces must advance with new knowledge and technology. The application of modern security knowledge not only aids in addressing domestic challenges but also empowers us to identify and resolve international issues.

The establishment of the Air Force Headquarters within the Army Headquarters today is viewed as an inaugural move towards the modernization of our defence infrastructure. As part of a comprehensive plan, the previous Air Force Headquarters office is scheduled to be transferred to the Police Headquarters, optimizing the use of existing facilities. Additionally, there are strategic intentions to dismantle the structures formerly housing the Police Headquarters and the Ministry of Foreign Affairs. This ambitious initiative envisions transforming the vacated area into a vibrant tourist zone, aligning with broader urban development objectives and promoting economic diversification.

The present challenge before us is the task of rebuilding the country’s economy, a responsibility that rests on the shoulders of all citizens. Upon assuming the presidency, I inherited a nation grappling with a complete economic collapse. Consequently, the onus to revive the country’s economy was entrusted to me. Faced with a critical decision, I deliberated with the cabinet on whether to engage in political exercises or directly focus on the formidable task of economic reconstruction.

Contemplating the economic hardships confronting Lebanon, where an economic program encountered a two-year delay, and the extended recovery period of Greece lasting thirteen years due to political instability, I sought an alternative path. Unlike the extreme measures adopted by certain nations, like slashing public service wages by 50%, I was resolute in avoiding such severe actions. Recognizing a decline in our Gross Domestic Product (GDP), we opted for a more calculated and direct strategy. Through the implementation of clear-cut decisions, our aim was to attain a specific level of economic resilience by the end of 2023.

To fortify the nation’s economy, timely and essential decisions must be made. Our aim is to attain a 3% economic growth rate this year, with a commitment to advancing even more rapidly. Several countries have expressed their support, raising inquiries about our ability to service the incurred debt in the future. To address this concern, it is imperative to diversify and create new sources of income, ensuring the sustainability of our economic recovery.

Last year, the government revenue reached Rs. 3.1 trillion, constituting 12% of our GDP. As part of our strategic vision, we aim to elevate the GDP to 15% by 2026. In the year 2024, we have set a target of achieving Rs. 4.2 trillion in government revenue, necessitating a revision of the Value Added Tax (VAT).

In our pursuit of fiscal responsibility, we anticipate a primary surplus of 8 decimals. However, it is essential to maintain a primary surplus at 2.3 until 2025 as we diligently work towards these objectives. Despite the inherent challenges, our commitment to a comprehensive program aimed at strengthening the country’s economy remains unwavering. Acknowledging the inherent difficulty of the task at hand, I have carefully considered the challenges associated with the decisions we are making. It is not without recognizing the complexities and obstacles that I have pondered these choices extensively. The weight of the responsibility lies in understanding that without taking these decisive measures, we risk facing a recurrence of the last economic crisis.

Conversely, implementing this program represents an opportunity for the country to forge a path toward a better future. Despite the difficulties, the potential for positive transformation and sustained growth is significant. It is with a clear understanding of these considerations and a steadfast commitment to the well-being and prosperity of the nation that I have made these decisions for the country.

Assuming the role of the presidency was not driven by a desire for popularity but rather a commitment to nation-building and securing a prosperous future for citizens and their children. Consequently, challenging decisions must be made for the greater good. I have communicated these decisions to the Prime Minister and the Cabinet, who have concurred, and I express gratitude for their support.

Recognizing the challenges associated with tax collection, we have sought assistance from the International Monetary Fund (IMF) to establish a new revenue authority. These collaborative efforts aim to elevate the country’s economy to approximately 5% by the fiscal year 2025-2026.

The current trajectory falls short of our aspiration for future generations, necessitating a growth target of 8%-9%. Deliberations are underway to chart a course towards achieving this ambitious goal.

In assuming the responsibility of making challenging decisions to fortify the nation’s economy, I bear the accountability for these choices. It is incumbent upon fellow politicians to recognize their duty in safeguarding the nation. Collaboration is imperative as we unite to bolster the country’s economic foundations. A collective effort is pivotal in ensuring swift development post-2024. I earnestly call upon everyone to contribute to this shared endeavour.

In attendance at this significant event were distinguished individuals including State Minister for Defence Mr. Premitha Bandara Tennakoon, Senior Adviser to the President on National Security and Chief of Staff to the President Mr. Sagala Ratnayaka, Secretary to the Ministry of Defence General Kamal Gunaratne (Retired), Governor of the Western Province Marshal of the Air Force Mr. Roshan Gunathilake, Chief of Defence Staff General Shavendra Silva, Air Force Commander Air Marshal Udeni Rajapaksa, Army Commander Lt. Gen. Vikum Liyanage, Navy Commander Vice Admiral Priyantha Perera and a cohort of esteemed military officers, encompassing retired Air Force personnel.

"When you can measure what you are speaking about, and express it in numbers, you know something about it, when you cannot express it in numbers, your knowledge is of a meager and unsatisfactory kind; it may be the beginning of knowledge, but you have scarcely, in your thoughts advanced to the stage of science.”

As we step into the year 2024, we find ourselves facing both challenges and the prospect of revitalizing the beloved nation. While each of us holds myriad personal aspirations, the realization of these goals is intrinsically tied to the resurgence of the country from its current state of crisis.

Through the unwavering commitment of all the citizens and their resilience throughout the past year, we achieved a foundational success in saving the country from financial distress. However, in order to achieve economic stability, we must continue to forge ahead in this demanding path – one that is not adorned with flowers but presents formidable challenges.

The responsibility to contribute to this national resurgence rests upon every Sri Lankan. Recognizing and fulfilling this collective responsibility is crucial for the rebuilding of the nation. January, named after God Janus, the God of beginnings and transitions in Roman mythology. God Janus possessed two faces to see the past and the future, serves as a reminder for us to reflect on the shared responsibilities.

Let us, in the spirit of the New Year, commit to fulfilling these responsibilities for the greater good of the country acknowledging both the past and the future. Through responsible and dedicated efforts, let us strive to make the New Year a prosperous one.

Ranil Wickremesinghe,
President,
Democratic Socialist Republic of Sri Lanka.

The annual Sri Pada season began yesterday after processions, carrying the Sacred Casket of Relics of the Buddha, Sacred Objects, and the statue of God Saman from the Sri Pada Raja Maha Viharaya in Galpoththaawala, Ratnapura, reached Sri Pada yesterday morning. Here, the Maha Sangha carrying the Sacred Casket of Relics to the upper precincts of Sri Pada

Beneficiaries include those given State lands under licence system :

Process to be completed in a few years:
Two million families will benefit:

Steps are being taken by the Government to grant full ownership of State lands to 10,000 people who received lands under a licence system, in January next year.

This is according to a proposal presented by President Ranil Wickremesinghe in the 2024 Budget. The Waste Lands Ordinance was passed in 1897. The British government acquired thousands of acres of rural land across the country under that Ordinance. Afterwards, in 1935, under the Land Development Ordinance, those land slots were distributed among farmers under the licence system. But although around 100 years have passed, the ownership of these lands has not been handed back to the farmers and other people who owned them.

The President in the 2024 Budget said the Government will be handing over the lands to farmers who lost the ownership of their traditional lands during the British colonial era.

The task which will start in January is to be completed within another few years and two million families will get the ownership of land and farmland. The Cabinet of Ministers approved this programme on December 11.

Ownership deeds will be issued next January for those who have already applied.

For this process, ‘Urumaya Units’ will be established in all regional secretariat offices, provincial land commissioner offices, inter-provincial land commissioner offices and inter-provincial assistant land commissioner offices in the country.

The Land Commissioner General has issued a circular to the government agencies to inform them about this process.

Christmas represents the celebration of hope. “The individuals who traversed in obscurity, burdened with tears and sighs, have witnessed a profound light.” In the pursuit of revitalizing that hope, I extend my wishes for all of us to conscientiously fulfil our responsibilities and duties, fostering a Christmas that instils fresh hopes in our nation.

Amid our celebratory mood, it is crucial to maintain focus on the authentic significance of Jesus Christ’s birth in a manger, encapsulated by the theme “Sharing a meal with the less fortunate.”
Christmas serves as a reminder of the birth of Jesus Christ, who, in self-sacrifice on the cross, redeemed humanity from sin. Guided by Christian teachings, we are urged to forgive those who oppose us, those who have wronged us and to relinquish all feelings of animosity and resentment.

While the external festivities of Christmas may be apparent, I posit that its true significance remains elusive unless accompanied by a profound spiritual transformation within us. This year, as we commemorate Christmas amidst a backdrop of numerous challenges burdening our society, I extend an invitation to everyone to unite in shouldering their responsibilities, recognizing the genuine adversities confronting our nation.

I wish you all a blessed and meaningful Christmas!

Ranil Wickremesinghe
President
Democratic Socialist Republic of Sri Lanka

The President urges global adaptability amidst shifting geopolitical realities

President Ranil Wickremesinghe declared a monumental shift in Sri Lanka’s foreign policy during a speech at the Final Presentation Night of the Colours Re-Awarding and Commissioning Parade held at the Sri Lanka Military Academy Diyathalawa Friday (15). Departing from the conventional approach of associating peacekeeping solely with the Ministry of Defence, the President revealed that peacekeeping is now an integral element of the nation’s broader security and foreign policy framework.

The President outlined the key components of the new foreign policy, emphasizing a holistic approach that extends beyond traditional political connections. Peacekeeping, climate change, and various other global concerns are now central pillars of Sri Lanka’s international relations strategy.

Furthermore, President Wickremesinghe highlighted the intricate challenges posed by the transforming global landscape, emphasizing the need for a proactive approach to international relations and urged a compelling call for the international community to navigate the complexities of the evolving global order with vigilance and a proactive mind-set.

To bolster regional cooperation, the President has directed the Secretary of Defence and service commanders to facilitate increased opportunities for neighbouring countries, particularly the Maldives and extend support to African nations. Additionally, the State Minister and Chief of Defence Staff are set to visit these countries to communicate Sri Lanka’s commitment.

Acknowledging a comprehensive paper on Sri Lanka’s role in UN peacekeeping, the President commended the proposals presented, pledging to discuss and implement them with relevant authorities. The President also noted the importance of the Ministry of Finance collaborations with the Ministry of Defence and the Ministry of Foreign Affairs, underscoring its indispensable role.

Expressing his aspiration to see Sri Lanka assume a more significant role in peacekeeping, President Wickremesinghe addressed the evolving nature of peacekeeping missions. Drawing from historical context, he reflected on the dynamics of global politics during the Cold War, highlighting the ease of deploying peace forces where major powers like the US and Soviet Union concurred.

The President acknowledged the profound shifts in global dynamics since the collapse of the Soviet Union, leading to the dissolution of traditional alliances and the emergence of independent players and non-state actors.

He addressed the challenges faced by the UN Security Council in reaching agreements, citing the complexities of modern geopolitics. He pointed to the increasing role of the African Union in peacekeeping efforts in West Africa as a testament to the evolving international landscape.

The President also noted the on-going conflict in Ukraine, emphasizing the failure to reach a resolution and the resulting stalemate between Russia and Western nations. He highlighted the financial repercussions, including the recent decision by the US Congress to withhold further funding. Insights were shared on the impact of economic sanctions on Russia, with the observation that these measures redirected the nation’s economic influence into the Middle East, West Asia and Sri Lanka. This shift manifested in increased Russian tourism and investments.

President Wickremesinghe delved into the complex issue of Taiwan, underscoring the changing alignments and the influential role of China in the Indian Ocean. He pointed out the formation of strategic alliances, including collaboration between the US, India, Japan and Australia.

While expressing concern about the on-going conflict in Gaza, President Wickremesinghe highlighted the asymmetric nature of the war triggered by a non-state actor. He lamented the high human toll and the UN’s limited intervention capabilities. Reflecting on contemporary challenges, the President underscored the growing power of non-state actors and their access to advanced weaponry. He suggested that future UN missions might need to confront global drug operations due to their increasing influence.

The President concluded by emphasizing the imperative for the UN and its missions to adapt to changing geopolitics. Rather than opting out, he urged increased global involvement in addressing complex situations, emphasizing adaptability and foresight.

Recalling Sri Lanka’s historical involvement in peacekeeping, the President cited the establishment of a military academy in Diyathalawa in response to a request from the late General Dennis Perera. Listening to presentations by future officers, he expressed pride in the institutions and decisions made to ensure the quality of Sri Lanka’s armed forces.

President Wickremesinghe underscored the significance of maintaining well-equipped and well-trained armed forces, emphasizing the pivotal role of Sri Lanka’s education system as the foundation for military excellence. The President’s address signals a significant departure from the past, marking Sri Lanka’s commitment to a more comprehensive and globally aware foreign policy.

The ceremony was graced by the esteemed participation of the Secretary, Ministry of Defence Gen. Kamal Gunaratne (Rtd), the Chief of Defence Staff Gen. Shavendra Silva, Commander of the Army Lt. Gen. Vikum Liyanage, Commandant of the Academy Major General M.T.I. Mahalekam, Staff of the Academy, other officials and Cadets.

President Ranil Wickremesinghe announced that a programme focusing on utilizing both university education and vocational training for the country’s development will commence next year.

Emphasizing the need for a knowledgeable human resource to propel the nation forward, he assigned the responsibility to the university and vocational training sectors in Sri Lanka.

The President highlighted the extended support from the private sector for a transformative shift in vocational training education and the imminent introduction of laws to reorganize the entire education system in the country.

These remarks were made during President Wickremesinghe’s presence at the 2023 graduation ceremony of the National Institute of Business Studies (NSBM Green University). In a celebratory gesture, NSBM Green University Vice Chancellor E.A. Weerasinghe presented a collection of valuable books to President Wickremesinghe.

Addressing the gathering, President Wickremesinghe said: “We aim to revolutionize university education to ensure that every graduate secures employment. Currently, the admission of students to Government universities is restricted due to logistical challenges. However, other nations have effectively addressed this issue, aligning with the United Nations Declaration of Human Rights, which asserts the right of everyone to access education. In line with this, governments and private entities worldwide have established universities. As Sri Lanka, we are now prepared to undertake this task.

“In our efforts, we plan to establish vocational training colleges by merging existing vocational training institutes. To enhance employability, we are introducing job-oriented curricula for these courses. Encouragingly, the private sector has pledged support for these initiatives, and we anticipate implementing this programme by the coming year.

Secretary of the Ministry of Education, Nihal Ranasinghe, NSBM Green University Vice Chancellor E. A. Weerasinghe, Deputy Vice Chancellor Professor Chaminda Ratnayake, deans and academic staff and parents of graduate students were present.

The collection of books presented to the President included Poverty, by America by Matthew Desmond, Small Mercies by Dennis Lehane King, A Life by Jonathan Eig, Hello Beautiful by Ann Napolitano, All the Sinners Bleed by S.S. Cosby, Birnam Wood by Eleanor Catton, What Napoleon Could Not Do by D.K. Nuro, The Wager by David Grann, and Blue Hour by Tiffany Clarke Harrison.