January 28, Colombo (LNW): State Minister of Provincial Councils and Local Government Janaka Wakkambura has issued directives urging institutions to prioritise the redeployment of redundant or surplus employees rather than engaging in new recruitment, in a move to enhance the efficiency of government workforce management.

State Minister Wakkambura emphasised the importance of maximising the utilisation of existing personnel within the government sector, and instructed the heads of institutions to proactively identify vacant positions within government entities and recommend suitable redundant employees to fill these roles.

Furthermore, the directive discourages the surpassing of pre-established employee quotas for specific positions.

This measure is intended to streamline government staffing, ensuring a judicious allocation of resources.

Wakkambura cited the current surplus of development officers as a noteworthy example of untapped potential within the existing workforce.

This strategic approach aims to optimise the government’s human resources and improve overall operational efficiency.

January 28, Colombo (LNW): The age-old maritime connections between Sri Lanka and India are poised for rejuvenation as plans are underway to reintroduce a passenger ferry service between the two nations.

The Ministry of Ports, Shipping, and Aviation has officially announced that the ferry service, operating from Kankasanthura in Sri Lanka to Nagapattinam in Tamil Nadu, India, is scheduled to recommence on February 15th, 2024.

This initiative signifies a momentous milestone, marking the resumption of passenger ferry operations after a hiatus of four decades between the two countries.

Previous suspension of the service was attributed to various internal circumstances in Sri Lanka.

With concerted efforts and the approval from the Indian government, the reinstatement of the ferry service heralds a new era in bilateral connectivity.

Moreover, this development is anticipated to provide a cost-effective means of travel to India, fostering enhanced ties and facilitating increased accessibility between the two nations.

January 28, Colombo (LNW): In the aftermath of a tragic road accident earlier this week, the final rites of the late former State Minister Sanath Nishantha are scheduled to take place this (28) afternoon at Holy Family Church Rajakadaluwa.

Respects from the public can be paid at Nishantha’s residence in Arachchikattuwa until 2 pm today, preceding the funeral ceremony and burial.

The untimely demise occurred in a car accident near the 11th kilometer post on the Colombo-Katunayake Expressway, where Nishantha’s vehicle collided with a container truck travelling in the same direction.

This unfortunate incident claimed the lives of both Nishantha and his police constable bodyguard, Anuradha Jayakodi.

In recognition of Constable Jayakodi’s dedicated service, the Sri Lanka Police has extended a financial contribution of Rs. 1.5 million to his bereaved family.

Additionally, as a posthumous tribute, Constable Jayakodi was promoted to the rank of sergeant on the 26th.

The driver of the jeep involved in the accident has been arrested on charges of reckless driving and failure to avoid an accident.

Currently undergoing treatment at the Ragama Teaching Hospital, the driver faces legal consequences for his alleged role in the tragic incident.

January 28, Colombo (LNW): Sri Lankan authorities have apprehended 803 more suspects within the last 24 hours under ‘Yukthiya’ (Justice), an island-wide operation launched in December last year to crack down the drug menace in the country.

Among the apprehended, a notable 562 suspects were actively engaged in drug-related offences, with 241 identified as priority targets by the Crimes Divisions in their ongoing drug enforcement endeavours.

Additionally, the operation led to the arrest of 225 individuals with outstanding warrants.

The successful execution of Yukthiya saw security forces confiscating a substantial quantity of illegal narcotics, including approximately 212 grams of heroin and 101 grams of methamphetamine (‘ice’).

Further investigations are currently underway to ascertain the legal status of five additional individuals detained during the operation, who are currently held under detention orders.

January 28, Colombo (LNW): In a gesture of compassion and support, the Police force has extended a monetary contribution of Rs. 1.5 million to the grieving family of Police Constable J.A.A. Jayakodi, the security officer of the late State Minister Sanath Nishantha.

Constable Jayakodi tragically lost his life in a road accident on the Katunayake Expressway.

Acting Inspector General of Police (IGP) Deshabandu Tennakoon paying his respects visited the residence of Constable Jayakodi in Hedeniya, Galagedara.

During this somber occasion, the Acting IGP presented a cheque for Rs. 1.5 million to the bereaved wife of the constable, offering both condolences and financial support to assist the family during this difficult time.

1. Farmer organisations urge Govt to lift the palm oil plantation ban: say that will result in reactivation of the plantation sector and save about USD 300 mn spent on importing around 220,000 MT of palm oil: palm oil cultivation in SL was abruptly banned in 2020 when Dr Ramesh Pathirana was Plantations Minister.
   
2. National Medicines Regulatory Authority Chairman Dr Ananda Wijewickrama raises concerns over the Health Ministry’s recent decision to allow State hospitals to directly purchase medicines: claims such unregulated purchases bypasses NMRA oversight and compromises public health.
   
3. CB Governor Nandalal Weerasinghe says SL hopes to negotiate a debt restructuring deal with holders of its defaulted USD 13bn ISBs within “a couple of months”: analysts point out that the Governor and other leaders have regularly said that agreement is to be reached with external creditors in “a few months” since July 2022, but none of those assurances have realised: asserts that his assurances therefore now lack credibility.
   
4. Decision said to have been reached through “mutual consensus” at meeting between SL officials and visiting IMF delegation that President’s Chief of Staff and Senior Advisor Sagala Ratnayaka will be responsible to oversee and ensure proper implementation of the financial reform process in SL.
   
5. Urban Development Authority Deputy Director General E A C Piyashantha says the UDA had not taken any steps to expropriate the land leased out for the Krrish Project: confirms that the lease between the UDA and investors remains in force.
   
6. Couple who have been in hiding after allegedly defrauding Rs.5 bn through Pyramid schemes arrested in Pilimathalawa by the Police Illegal Asset Investigation Division.
   
7. Fishing trawler with 6 crew members which had left Sri Lanka from the Chilaw Dikkowita Fisheries Harbour on 12th January, abducted by Somalian pirates in the Arabian Sea area.
   
8. Prisons Dept Media Spokesman G Dissanayaka says discussions are underway to open 2 new prisons in the Western and Southern Provinces as the number of prisoners has doubled during the past 2 years.
   
9. Deputy Treasury Secretary R M P Rathnayake says Govt plans to give some relief to the public in relation to indirect taxes such as VAT: asserts however that the timeline for such relief would depend on the generation of revenue from direct taxes from High-Net-Worth Individuals (HNWIs).
   
10. Medical Supplies Division Deputy Director General Dr. G Wijesuriya admits there is a shortage of cancer medicines to a certain extent: says that as of now, 28 varieties of cancer medicines have been imported and are waiting to be accepted by the MSD, but due to a delay in related documents, distribution has been suspended.

January 27, Colombo (LNW): The Institute of Certified Management Accountants of Sri Lanka (CMASL) and the Institute of Coast Accountants of India (ICMAI) recently co-hosted an international conference themed ‘Cost and Effect on Industry and Services to Drive Business Performance.’ The event provided a platform for delegates from India, Pakistan, Bangladesh, the Maldives, and Sri Lanka to engage in cross-regional dialogue, fostering knowledge exchange on the pivotal role of cost accounting and financial management.

The chosen theme resonated strongly with attendees, underscoring the increasing recognition of the impact of cost accounting on organizational efficiency and competitiveness. Council members from the Institute of Coast Accountants of India (ICAI) shared insightful experiences in implementing cost accounting standards, highlighting their diverse benefits, including price control, resource allocation, waste minimization, and efficiency enhancement.

ICAI stressed the significance of maintaining verifiable and standardized cost records. The consistent use of standard format cost statements across industries ensures information comparability and facilitates insightful decision-making.

However, speakers from Sri Lanka identified unique challenges within the local landscape.

In response to these challenges, CMASL pledged to collaborate with ICAI to address the identified shortcomings. The joint initiative aims to establish robust cost accounting standards in Sri Lanka, advocating for their adoption across public and private sectors. The initiative further seeks to introduce and promote standard cost reporting sheets and statements, along with guidelines to ensure transparency and accuracy in financial reporting. The overarching goal is to equip stakeholders with the necessary information for making informed decisions in areas such as price control while enhancing awareness and understanding of cost accounting principles.