Press Release - Lanka News Web (LNW)

Nelumyaya Foundation's (NYF) in its Press Release on 3rd August 2018 emphasises that as Micro Finance issue in the country has become more prominent and pressing, some individual/s spreading falsehood either maliciously or recklessly against the organization, which is doing significant role to address the ongoing Micro Finance crisis in the country.

Following the recent increase in fuel prices, transport costs and the prices of goods and services have started rising. Fishermen are up in arms against the sudden increase in the price of kerosene by more than double the earlier price and the creation of a coupon system to distribute subsidized kerosene. In the midst the agitation and unrest resulting from this fuel price increase, members of the government have been trying to justify it by saying that fuel costs were higher during the Rajapaksa government. Today the price of a barrel of crude oil is around 70 USD.

The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, successfully held a public consultation yesterday (22 March 2018) at Bandaranaike Memorial International Conference Hall (BMICH), on the proposed framework for licensing electricians.

Reports coming in from all corners of the island, indicate that the Sri Lanka PodujanaPeramuna is heading for a historic victory at the local government elections. I wish to express my heartfelt thanks to the voting public of Sri Lanka who have reposed their trust in us, and made this victory possible. The opposition has been able to achieve this victory amidst unprecedented persecution and harassment.

“Just as the United States is proud to have been among the first nations to recognize an independent Ceylon in 1948, we remain proud to stand with Sri Lanka as a friend and partner today,”Under Secretary of State for Political Affairs Ambassador Thomas Shannon remarked at the 70th independence day celebrations of the Embassy of Sri Lanka in Washington D.C. Ambassador Shannon, the third-highest-ranking official in the State Department, represented the U.S. government as the chief guest at the event. 

Mr. Udayanga Weeratunga, the former Ambassador to Russia and Ukraine had been evading a warrant of arrest issued on 20 October 2016 by a Colombo Magistrate, in relation to investigations pertaining to alleged embezzlement of public funds to the tune of 7.833 million US dollars with regard to procurement of MiG aircraft and money laundering. 

Sri Lanka currently has a government of national unity comprising the two largest political parties, the UNP and SLFP, which have hitherto been rivals for political power. As can be expected the forthcoming local government elections have aggravated the tensions between them. It is customary that those who seek to win an election engage in boosting their own images and running down their rivals. The most recent cause for a spike in tensions came with President Maithripala Sirisena’s application to the Supreme Court to obtain its opinion on the duration of his term of office. This action was taken in the midst of public disaffection with the government’s handling of the Central Bank bond scam case.

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