Prices of some imported goods including petroleum products, fertilizer, gas and chemicals would rise further because of the depreciation of the rupee, MP Bandula Gunawardana said today.
He told a news conference that the government's mismanagement of the economy had resulted in plunging the country's into the doldrums.
“Prices of imported goods are linked to World Market prices. As the value of the Sri Lankan rupee has depreciated to Rs.158 against the US dollar, the prices of certain goods including essential items like rice, flour, sugar, dhal and dried fish will increase,” the MP said.
He said it was difficult for the government to overcome the prevailing economic instability due to the current political crisis, and as such the government should immediately go for a parliamentary election and hand over the country to a party capable of governing the country effeciently.
Meanwhile, he said the joint opposition would support the proposal of the the Janatha Vimukthi Peramuna (JVP) to abolish the executive presidency, only if Parliament would be dissolved on the day this proposal is passed. (Sheain Fernandopulle)
Brainmaster Tuesday, 17 April 2018 04:27 PM
May be now 2500 Rs not enough for 1 month via DM Android App
Karu Tuesday, 17 April 2018 06:18 PM
Anyway, it will not hurt you parliamentarians
Mervyn Fernando Tuesday, 17 April 2018 06:23 PM
Bandula, if you promise to feed a family on Rs 2500/= a month, I will definitely vote for you. We will also tell President sirisena and Prime Minister Ranil to dissolve Parliament. OK Deal my dear
Minton Tuesday, 17 April 2018 06:57 PM
So will Rs.2500.00 be enough as you recommended for a month.
Gratiaen. Tuesday, 17 April 2018 09:14 PM
He says the prices of some items will be increased and not already increased. Saying he want a G.Election soon.
Sincere Tuesday, 17 April 2018 07:01 PM
His statement is justified. He has never ever experienced in his entire life time imported goods going up in price because when his regime was in power the Rupee always skyrocketed in value!
Lord Wolfstein Wednesday, 18 April 2018 10:40 AM
This is nonsense. The LKR came permanently down in value after independence. In 1980 I got 14 Rs for 1 Euro (those days 2 Deutschmark) and today I get 192 Rs for 1 Euro. Under MR a free floating of the rupee was not possible, so do not blame the government for world market prices.
Anthony Tuesday, 17 April 2018 07:10 PM
STUPID GUY HAS NOTHING TO DO ONLY CRITICIZE AND PROVOKE THE CITIZENS, DO NOT KNOW WHO GAVE YOU ALL THE QUALIFICATIONS.
Malcolnx Tuesday, 17 April 2018 08:34 PM
Master it's not rocket science to realise that the COL is on the rise all over world.May be he has to refresh his memory this is not the first time fuel
DJ Tuesday, 17 April 2018 09:02 PM
This statusquo was due anyway due to the borrowing of the previous govt., as the repayments are now due
Dee Tuesday, 17 April 2018 10:26 PM
So? What about your 'Deshiya Nishpadhana' theory?
mad dog Wednesday, 18 April 2018 12:19 AM
This chap's economy theory is laughable. Just imagine he is our finance minister. He is always good at blaming others. When he was a minister he and his clans swindled all of us. We are paying heavy price now.
Quick action needed Wednesday, 18 April 2018 02:15 AM
This is one of the most despiicable FRAUDS in the political landscape who is also a billionaireA man who lived in clover said a family could live on 2500 yesteryear when things were bad under their regime.He fails to acknowledge that the JO and the master actor were responsible for all the chaos that exists today as they put the country as no 2. To them it was the need to cover their tracks and ensure no judicial action for the fauds committed
TONY Wednesday, 18 April 2018 08:45 AM
BANDULA. THIS IS NOT THE FIRST TIME PRICES GOING UP
Alex Wednesday, 18 April 2018 09:24 AM
Yes, people have been living comfortably with Rs.2500.00 a month during your tenure of office as the Finance Minister. That was enough for us to gauge of our then FM's profound economical knowledge.
Empluz Wednesday, 18 April 2018 10:15 AM
These effects are a result of the No confidence Motion Against the PM as well. Due to the NCM the investors had to back off and there was turmoil surrounding the businesses, the stock exchange was affected as a result. There were so many side effects just as a result of that, so try not to blame others as a reuslt of you and your regimes actions
DM Wednesday, 18 April 2018 10:23 AM
What a joke when Bandula was in power petrol was 159 / and gas was 2400/-,this gay talks all big ???????????????
Leo Wednesday, 18 April 2018 10:26 AM
Ok Prof. Bandula, you made your speech for the day. Now you can go to MR and collect your bath packet.
aza Wednesday, 18 April 2018 11:01 AM
Yes we need to give the finance minister post under Jarapaksha again they can rob the country again and 5 member family can eat like kings with RS 2500 ,cant even imagine you taught accounting to students ,must be like prof GL ,who could not even bring a single bill to parliament which was refused by supreme court when he was justice minister
Don Wednesday, 18 April 2018 12:56 PM
This is the "2500 man" who advised then Finance Minister President how to run the finance ministry.
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