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Shoe vouchers to be distributed to over 700,000 students

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Colombo (LNW): The Ministry of Education has implemented initiatives to distribute gift vouchers for shoes to a total of 747,093 students across selected schools, revealed Education Minister Susil Premajayantha.

The Minister emphasised that these vouchers will be specifically allocated to students, monks, and nuns attending selected schools, as well as those in Pirivens who are facing significant challenges, particularly in rural areas.

The project has incurred an expenditure of Rs. 2,200 million, with each voucher valued at Rs. 3000, signaling a substantial investment in providing essential footwear for deserving recipients.

To facilitate the distribution process, eligible students will be able to redeem the vouchers at stores registered with the Education Ministry. Clear instructions have been issued to the relevant Provincial, Zonal, and Divisional Education Authorities to disseminate information to students and their parents, with a circular also being issued for wider communication.

Minister Premajayantha expressed the Ministry’s ambition to extend the reach of this initiative, aiming to include one million students as eligible recipients for shoe vouchers in the coming year.

The distribution of vouchers is scheduled to take place between December 4 and December 27, 2023, with the Education Ministry overseeing the logistics of this commendable endeavour.

Power disconnections for 500k consumers, 5mn red notices: Opposition Leader

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Colombo (LNW): Power supply has been disconnected for approximately 500,000 electricity consumers in recent days due to non-payment of bills, and red notices have been issued to approximately 5 million individuals, Leader of the Opposition Sajith Premadasa disclosed in Parliament today (04).

During a parliamentary session, the Opposition Leader expressed his concern that his inquiry made under Standing Orders 27/2 regarding the perceived unjustifiable escalation in electricity tariffs has yet to receive a response.

Consequently, he asserted that his parliamentary privileges have been violated.

Premadasa emphasised that he had raised the issue of the impracticality of tariff hikes, particularly when the Ceylon Electricity Board (CEB) is reporting substantial profits, primarily from the optimal generation of hydropower.

In response to these concerns, Leader of the House Susil Premajayantha assured that measures would be promptly taken to address the inquiry raised by the Opposition Leader.

Sports Minister announces formation of a 15-member National Sports Council

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Colombo (LNW): Sports Minister Harin Fernando has steps towards enhancing the sports landscape by appointing members to the National Sports Council.

The council, which will be led by Dr. Maiya Gunasekara, is poised to play a pivotal role in shaping the future of sports in the country.

The newly appointed members of the National Sports Council are expected to bring diverse perspectives and skills to the table, ensuring a well-rounded approach to addressing the various challenges and opportunities within the sports sector.

As the council gears up to assume its responsibilities, the nation eagerly anticipates the positive impact it will have on sports development. From grassroots initiatives to high-performance programmes, the National Sports Council is set to chart a course towards sustained success.

Warning for strong winds, rough sees: Advisory for heavy rain

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Colombo (LNW): The cyclonic storm “MICHAUNG” over Southwest Bay of Bengal was located near latitude 13.2°N and longitude 81.2°E, at 0530hrs of 04, December and about 395 km northeast of Jaffna, and is expected to intensify further and move northwestward away from Sri Lanka towards Tamil Nadu coast of India. Thereafter, it may move northwards and cross South Andhra Pradesh coasts around December 5, 2023.

The above warning was issued by the Natural Hazards Early Warning Centre of the Department of Meteorology, addressing the naval and fisherman communities in the deep and shallow sea areas in the southwest Bay of Bengal.

Naval and fishing communities are urged not to venture into the sea areas off the coast extending from Mannar to Trincomalee via Kankasanturai and in to the marked areas for the next 24 hours.

Those who are out at aforementioned sea regions are advised to return to coasts or be moved to safer areas immediately.

Fishing and naval community are also requested to be attentive to future forecasts issued by the Dept in this regard, the statement added.

Meanwhile, prevailing showery condition over the South-western parts of the island is likely to continue further due to the indirect effect of the cyclone, the Centre noted in a separate advisory notice.

Heavy showers above 100 mm are likely to occur at some places in Western, Central, Sabaragamuwa, Southern, Northern and North-Western provinces.

Sudden surge of Dengue cases within 72 hrs

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Colombo (LNW): In a stunning turn of events, Sri Lanka has witnessed an astounding surge of dengue, with an exact tally of 1,000 new cases emerging within 72 hours.

This means a staggering average of 300 cases daily, propelling the nation back into a distressing scenario where an average of 250 cases per day has become the norm, emphasised Director of the National Dengue Control Unit (NDCU), Dr. Nalin Ariyaratne.

He added the ominous forecast of a further spike in dengue cases, attributing it to the persistent rainy conditions. In a plea to the public, Dr. Ariyaratne urged the public to take immediate action by maintaining cleanliness in their surroundings and eliminating potential mosquito breeding grounds to thwart the impending dengue spread.

As of December 04, the cumulative count for 2023 has surged to a staggering 77,487 cases, painting a vivid picture of the escalating crisis. Colombo district leads the grim statistics with 16,363 cases, while the Western Province emerges as the hardest-hit region, reporting 36,266 cases, representing an alarming 47 percent of the total reported cases.

The magnitude of these numbers serves as a stark reminder of the pressing need for collective and urgent action to combat this escalating health crisis, health experts warned.

Minister’s update on GCE O/L and A/L exams

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Colombo (LNW): Education Minister Susil Premajayantha, has officially declared that the GCE Ordinary and Advanced Level Examinations for the year 2024 are slated to take place in the upcoming year.

In a statement, the Minister confirmed that the previously delayed GCE Advanced Level Examination for 2023 is rescheduled to be conducted in January 2024 according to the original timetable.

However, in a strategic move, the Minister conveyed that the GCE Ordinary Level Examination for the year 2024 is set to be held in mid-May of the following year.

There is a necessity for a three-month interval between each examination to ensure the smooth execution of paper marking processes, the Minister emphasised, adding that that by the year 2025, the government will successfully establish a normalised system for conducting examinations within the specified academic years.

Today’s (Dec 04) official exchange rates

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Colombo (LNW): The Sri Lankan Rupee (LKR) indicates a slight appreciation against the US Dollar today (04) in comparison to last week’s Friday, as per the official exchange rates issued by the Central Bank of Sri Lanka (CBSL).

Accordingly, the buying price of the US Dollar has dropped to Rs. 322.89 from Rs. 322.90, but the selling price has increased to Rs. 333.32 from Rs. 333.23.

The Sri Lankan Rupee, however, indicates a different approach towards other foreign currencies, with many, including Gulf currencies, appreciating against it.

Police deploy water cannons to disband NPP Women’s demonstration

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Colombo (LNW): Police deployed water cannons to disband a gathering of demonstrators at the Polduwa Junction in Battaramulla.

The protest, organised by the women’s wing of the National Peoples Power (NPP), commenced near the Parliamentary Roundabout this (04) afternoon, and is currently being held.

The NPP’s women’s wing initiated the protest to highlight various concerns, such as the escalating cost of living, the tax burden on citizens, and other pressing issues affecting the country.

Law enforcement employed water cannons when protesters endeavoured to advance towards Parliament along Parliament Road, according to reports.

Consumer confidence falls again amidst inflation increase

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By: Staff Writer

Colombo (LNW): Consumer confidence fell again in October, continuing its slide from its peak in April 2023, according to the Institute for Health Policy (IHP) as per the latest update of its Consumer Confidence Indices, generated from its Sri Lanka Opinion Tracker Survey (SLOTS).

This sentiment of consumers was evident amidst the Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI) increased to 1.5% in October 2023 from 1.3% in September 2023.

The Central Bank said this slight increase in the headline inflation is mostly in line with its projections envisaged in October 2023.

This is the second straight month that inflation has accelerated, albeit marginally. Since peaking in February 2023 at 50.60%, inflation was seen on steady and rapid disinflation path, reaching the current significantly moderated levels compared to a year ago.

CBSL said the food deflation (Y-o-Y) continued for the fourth consecutive month and remained unchanged at 5.2% in October 2023 compared to the previous month. Meanwhile, the non-food inflation (Y-o-Y) increased to 4.9% in October 2023 from 4.7% in September 2023.

“Inflation is expected to stabilise around the targeted level of 5% over the medium term, supported by appropriate policy measures and well-anchored inflation expectations.

Nevertheless, should there be any upward increases to administratively determined prices, tariffs or taxes by the Government, a transitory increase in inflation beyond the target is probable in the short term,” CBSL said.

IHP said all indices remain at pessimistic levels with the biggest decline in the Index of Current Conditions, which tracks current conditions, and which fell 5 points to 13 points.

The Index of Consumer Sentiment (ICS), the broadest measure of the public’s view of their personal economic status and the national economy, fell 3 points to 22 points in October.

The Index of Consumer Expectations (ICE), which tracks future perceptions fell 2 points to 28 points.

All IHP SLOTS consumer confidence indices range from zero to a potential maximum of 100, with levels below 50 indicating net pessimism.

The CCI estimates are based on 558 interviews conducted by telephone in October 2023 and 13,216 adults surveyed between Oct. 21 2021-Oct. 31 2023, with sample sizes varying between indices depending on response rates.

All estimates are adjusted to be representative of the national population, including gender, age, ethnicity, and income level.

The SLOTS platform tracks public opinion and wellbeing daily using a large national panel recruited by face-to-face interviews and other randomly dialled respondents, with numerous peer-reviewed scientific publications that use the data.

SL Corporates poised with apprehension on economic recovery in 2024

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By: Staff Writer

Colombo (LNW): Corporates are poised with apprehension as the proposals outlined in Budget 2024 take effect with a sense of uncertainty clouding expectations for the upcoming fiscal year,” leading business magazine LMD reports, in its December edition.

LMD states: “Optimism among business executives that the economy will ‘improve’ over the next 12 months has diminished, falling to eight percent in November. This represents a decrease of five points from the preceding month’s 12%.”

The leading magazine adds that 19% of the survey sample expect the economy to ‘stay the same,’ which is lower than the 27% recorded in October.

“A whopping 73% believe the economic situation will ‘get worse,’ marking a substantial increase of 12 points compared to the preceding month,” it notes.

There has also been a decline in optimism of anticipated sales volumes ‘getting better’ over the next 12 months with nearly a quarter (23%) saying so, that’s six percentage points lower than in October.

“Additionally, more than one in five respondents (23%) believe that sales numbers will ‘remain the same’ as opposed to 20% previously.

Only 11% of survey respondents say that volumes ‘increased’ compared to the past 12 months, which LMD says “is a notable decrease of 13 points from October.” And 12% reveal that their sales numbers ‘stayed the same’ while more than three-quarters (77%) reported a reduction.

“Caution dominates the outlook for sales volumes to ‘get better’ in the next three months with only 14% saying so, a slight decrease from the 17% recorded in October.

LMD’s publisher, Media Services, says the latest edition of the magazine will be released shortly. Its digital edition will also be shared on WhatsApp and the publisher’s social media platforms.

The magazine’s cover story unveils the pioneering Digital Readiness Index (DRI) with a listing of the corporate houses that a survey conducted by the University of Kelaniya has compiled.