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Discussions on utilizing the remaining funds of India’s debt relief to import essential medicines

Attention has been focused on the possibility of using the remaining funds of the Indian debt relief of one billion US dollars for the import of urgently needed medicines, which has become a problem for Sri Lanka.

Rolf Blaser of Baurs named Most Admired CEO of the Year 2022

Photo Caption: 1. Rolf Blaser, Managing Director/CEO of A. Baur & Co. (Pvt.) Ltd with the award at The CEO Magazine’s 2022 CEO of the Year Awards ceremony

ComBank regains the award as SABank with highest climate finance transactions

The International Finance Corporation (IFC) has reaffirmed Commercial Bank of Ceylon’s status as the South Asian financial institution to record the highest number of climate finance transactions in fiscal year 2022, awarding Sri Lanka’s benchmark private sector bank the prestigious Climate Assessment for Financial Institutions (CAFI) award in respect of the year.

Sri Lanka and Russia to further strengthen socioeconomic relations

Sri Lanka has taken major step forward towards strengthening socioeconomic relations with Russia while opening avenues for local businessmen and entrepreneurs to establish contacts with Russian counterparts, official sources disclosed.

Lithuania offers job opportunities for Sri Lankans in the transportation sector

Lithuania offers job opportunities for Sri Lankans in the transportation sector

Breaking

38 Reservoirs Spill Across Sri Lanka as Flooding Continues in Low-Lying Areas

A total of 38 medium and large-scale reservoirs under the Department of Irrigation are currently spilling, while elevated water levels continue to affect several rivers and low-lying areas across Sri Lanka, an irrigation official said. Director of Irrigation (Hydrology and Disaster Management) L.S. Sooriyabandara said reservoirs such as Deduru Oya, Rajanganaya, Inginimitiya, Yan Oya and Usgala Siyambalangamuwa were recording comparatively high spill levels. Although no immediate threat of major flooding had been identified under the prevailing conditions, water levels in several reservoirs and rivers remained high, he said. Rainfall eased yesterday, with some areas in the upper catchments of the Kalu and Kelani rivers recording around 60 millimetres. Certain locations in the upper Kelani River catchment received approximately 40 millimetres, according to the Irrigation Department. Water levels in the upper reaches of most rivers are gradually receding. However, minor flooding persists in low-lying areas along the Nilwala, Gin, Kalu and Kelani rivers. Sooriyabandara said water levels along the Nilwala River remained around minor flood thresholds downstream of Akuressa, particularly in Thalgahagoda and areas near Matara. Similar conditions were reported in Baddegama along the Gin River. Elevated water levels were also observed at Millakanda, Putupawula and Ellagawa along the Kalu River. He cautioned that further rises could affect low-lying areas of the Kalutara District if additional rainfall occurs. Meanwhile, water levels in the upper reaches of the Kelani River and Attanagalu Oya are gradually declining. Nevertheless, floodwater may continue to affect low-lying areas in the Gampaha District, including Katana and Ja-Ela. The Irrigation Department has forecast moderate rainfall today and warned that river levels and water levels in flood-prone areas could rise again if further precipitation occurs. The public has been advised to refrain from bathing, engaging in water sports and undertaking other potentially dangerous activities in areas where floodwaters remain.

Showers Expected in Several Parts of Sri Lanka as Cyclone Arnab Makes Landfall in India

The very severe cyclonic storm “Arnab,” which was located...

Treasury and Postal Dept Cyber Scams Deepens Crisis, Taxpayers Face another Bill

Treasury and Postal Dept Cyber Scams Deepens Crisis, Taxpayers Face another Bill

Former President RW Warns Sri Lanka Risks Irrelevance without Tech Reforms

Former President RW Warns Sri Lanka Risks Irrelevance without Tech Reforms
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