- Last Update 2024-09-03 09:45:00
President to manage economy through special economic council
President Srisena announced Saturday that he would directly manage the economy through a special economic council headed by him, taking over the responsibility from Prime Minister Ranil Wickremesinghe and his United National Party (UNP).
¨Although the UNP was allowed to manage the economy in the past three years, from this month, the President will take it over," his office said in a statement.
There was no immediate reaction from Wickremesinghe to the decision, which came after a heated cabinet meeting in which Sirisena accused the UNP of unleashing a smear campaign against him, the AFP reported according to sources close to the president.
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CPC reduces fuel prices
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CBSL Governor warns reversal of reforms could trigger new crisis
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
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President opens Sri Lanka’s first LNG power plant
President Ranil Wickremesinghe today inaugurated the open cycle phase of the “Sobadhanavi” 350 MW Combined Cycle Power Plant in Kerawalapitiya, the President’s Media Division (PMD) said.
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