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The benefits of the country’s growing economy should also extend to general public

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  • Never deviate from that responsibility – The President stated during a meeting with representatives of Passenger Transport Three wheel Associations.
  • A proposal for the professional development of three wheel drivers presented to the President.
  • A new mobile app for Three-wheelers will be launched shortly – Former Minister of Finance Ravi Karunanayake.

President Ranil Wickremesinghe stated that while the government is inviting large-scale investors from both domestic and international sources to explore new investment opportunities in the rebuilding of Sri Lanka, it is also implementing a program to support small and medium-scale businesses that were affected by the recent economic crisis.

The President made these remarks during a meeting with representatives of Passenger Transport Three wheeler Associations, held yesterday (18) at the Sri Lanka Exhibition and Convention Centre in Colombo.

The President added that the benefits of Sri Lanka’s economic progress should be extended to the general public. He emphasized his commitment to this responsibility and vowed never to deviate from that responsibility. He also highlighted that the government has taken special measures to support this goal.

Additionally, representatives from Passenger Transport Three wheeler Associations presented a memorandum to the President, which included requests for the protection of the professional rights of three-wheeler drivers.

President Ranil Wickremesinghe addressing the gathering further stated:

“Three-wheelers have become a crucial mode of transportation for the people. While farming continues on one side, many earn their livelihood by driving three-wheelers. In the 2022-2023 Yala season we had a good harvest, and the subsequent Maha season also saw strong results. The 2023-2024 seasons were similarly fruitful, leading to increased income for farmers and a boost in agricultural trade.

In 2023, the arrival of foreign tourists also played a significant role. The influx of tourists strengthened the economy of three-wheeler drivers. Farmers support food production, while three-wheeler drivers contribute to transporting tourists. These two sectors have collectively helped in reviving the country’s economy.

This economic progress has been crucial in rescuing Sri Lanka from bankruptcy within two years, a remarkable achievement, as no other country has recovered from bankruptcy in such a short time. We managed to secure debt relief of approximately USD 08 billion and emerged from bankruptcy.

Today, the country has achieved a level of stability, and we need to continue progressing from this point. If we do not implement the agreement with the International Monetary Fund (IMF), we risk economic collapse with no viable alternative. It is crucial for everyone to be aware of this reality.

Several suggestions have been made regarding the professional development of three-wheeler drivers. These proposals need to be implemented, and we must engage with relevant associations to ensure their successful execution. Professional regulations are necessary, and we acknowledge their importance. It is up to you to determine the best approach. We must also consider welfare aspects.

As we look to the future, particularly with the focus on electric vehicles due to climate change, we must consider the concession provided to existing vehicles. The global community is still experimenting with these technologies, and we need to align our actions with global trends.

To advance the country’s economy, we need both local and foreign investors. This will not only create more employment opportunities but also boost exports. As we focus on economic development, we must remember those who suffered during the last crisis. My primary goal is to ensure that the benefits of this economic progress reach the general public.

We have implemented the Aswasuma program, tripling the funds allocated for welfare benefits and increasing the number of beneficiaries. During the last New Year season, we provided 10 kilograms of rice for them for two months. The Urumaya program was introduced to grant freehold land rights, and arrangements were made to transfer ownership of flats in the urban areas to the residents. Additionally, we are planning to establish plantation villages. These efforts are all aimed at improving the lives of ordinary citizens.

We are inviting large-scale investors, both domestic and international, to invest in the country. Simultaneously, we have introduced measures to support the general public, including small and medium businesses affected by the previous economic crisis.

Three wheel drivers are also a priority as we advance the economy. We must consider the consequences of disrupting this economic system or violating lending conditions. We have reached a crucial point. To ensure continued progress, we must adhere to the International Monetary Fund’s program, and I urge everyone to recognize this necessity.”

Text: Madhu Wicramasingha

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