Not Everything Is in Our Control, But We Must Act Smart - Nalinda

COLOMBO (News 1st); At today’s (25) Cabinet media briefing, key concerns were raised regarding the potential impact of escalating global tensions on Sri Lanka’s economy.

Cabinet Spokesperson Minister (Dr) Nalinda Jayatissa explained that the conflict affects Sri Lanka on multiple fronts. “Firstly, a significant number of our migrant workers reside in Israel and, to a lesser extent, in Iran. Any disruption in remittances could have serious consequences,” he said.

He further noted the risk of rising global oil prices due to instability in the Middle East. “Sri Lanka also exports certain commodities, including tea, to the region. These exports could be affected.”

Jayatissa emphasized that the Cabinet committee appointed to assess the situation was formed with a broad mandate to cover all relevant sectors. “In some cases, we need to find alternatives. In others, we must work to minimize potential damage. Not everything happens because of our actions, but as a country, we must respond strategically to reduce economic harm.”

He noted that the government aims to adopt alternative mechanisms to safeguard the economy during such volatile periods.