Home Blog Page 1213

Annual toll of 12,000 deaths resulting from a surge in accidents: Minister

0

Colombo (LNW): Sri Lanka experiences approximately one million hospital admissions and 12,000 deaths annually due to various accidents, Health Minister Dr. Ramesh Pathirana disclosed.

This substantial figure underscores the critical nature and urgency of the issue, as emphasised by the Minister, addressing the International Conference on Injury Prevention at the Waters Edge.

The Minister the alarming statistics, noting that the accidents lead to an average of 1,000 deaths per month or nearly 35 deaths daily. Traffic accidents alone contribute to around 3,000 annual fatalities, while suffocation, drowning, falls, poisoning, electrocution, burns, and animal attacks collectively result in thousands more deaths, he noted.

Individuals aged between 15-44 are particularly vulnerable to these accidents, with accidents ranking among the leading causes of fatalities, Pathirana emphasised.

Recognising the gravity of this trend, the Health Minister pointed out that immediate attention should be paid and action taken, focusing on addressing the social impacts.

Thereby, preventive measures should be implemented and remedial actions should be taken, with a focus on enhancing the collaboration of various sectors involved in managing these issues, Dr. Pathirana stressed.

The Minister expressed his full commitment to implementing effective policy actions to address this crisis.

CoPE Chief vows he will resign, if allegations proven true

0

Colombo (LNW): Opposition Leader Sajith Premadasa and Chairman of the Committee on Public Enterprises (CoPE) Prof. Ranjith Bandara engaged in a contentious exchange in Parliament, trading fresh allegations against each other.

Premadasa accused Prof. Bandara of impropriety, asserting that the Colombo Business School, owned by the professor, prepared corporate plans for state enterprises summoned before CoPE, charging them a fee. Specifically, he cited the Sri Lanka Vocational Training Authority as an example.

This allegation was in response to Bandara’s claim that CoPE would investigate fraud in the Central Cultural Fund and a land deal involving a prominent opposition MP.

Bandara asserted that funds from the Central Cultural Fund were spent without the approval of former Prime Minister Ranil Wickremesinghe during the ‘Good Governance’ government.

The Opposition Leader expressed apprehensions about Bandara overseeing a CoPE meeting regarding Sri Lanka Cricket, citing a potential conflict of interest.

Highlighting Bandara’s leadership role in a private campus that had provided services to SLC, Premadasa questioned the legality of individuals with such affiliations heading Parliamentary committees. He called for a transparent report detailing the transactions between SLC and Bandara.

In response to the allegations, Bandara stated he would resign if proven true.

The Ruling Party lawmaker also said that he denies sexual harassment allegations made by Opposition MP Hesha Withanage, declaring the accusation false and thereby requesting the Speaker to refer the matter to the Parliamentary Privileges Committee for discussion.

He pledged to resign if found guilty but insisted on consequences for Withanage if the allegation is proven to be untrue.

Official exchange rates today (Nov 20)

0

Colombo (LNW): The Sri Lankan Rupee (LKR) indicates a slight appreciation against the US Dollar today (20) in comparison to last week’s Friday, as per the official exchange rates by the Central Bank of Sri Lanka (CBSL).

Accordingly, the buying price of the US Dollar has dropped to Rs. 322.79 from Rs. 322.83, and the selling price to Rs. 333.20 from Rs. 333.25.

However, the Sri Lankan Rupee indicates depreciation against several other foreign currencies, including Gulf currencies.

Director and senior officials of Medical Supply Division arrested!

0

Colombo (LNW): Four senior officials from the Medical Supply Division have been arrested by the Criminal Investigation Department (CID) a short while ago, in connection with the procurement of substandard immunoglobulin injection vials.

The individuals apprehended include Dr. Kapila Wickramanayake, Director of the Medical Supply Division, Assistant Director Devasantha Solomon, Accountant (Supply) Neran Dhananjaya, and Stock Controller Sujith Kumara, confirmed the Police Media Spokesman.

Govt revenue rises by 43.5%, prompts VAT increase due to growing budget deficit

0

Colombo (LNW): The government experienced a significant 43.5 per cent surge in revenue during the initial eight months, although the escalating budget deficit compelled a reinforcement of the revenue-centric fiscal consolidation strategy aligned with the International Monetary Fund (IMF), a report by Daily Mirror said.

To address this, the government plans to implement a Value-Added Tax (VAT) increase from the upcoming year, raising it from the current 15 per cent to 18 percent.

This decision, not included in the recently presented budget, also involves eliminating VAT exemptions, except for health, education, and select food items.

Recent Treasury data reveals that the government collected Rs. 1,826.62 billion in revenues from January to August, compared to Rs.1,272.78 billion in the corresponding period the previous year.

Taxes imposed and increased contributed significantly, amounting to Rs. 1,661.15 billion, marking a 47.8 per cent rise from the same period in 2022.

Under the IMF program, Sri Lanka elevated corporate income tax, personal income tax, and VAT. Additionally, it reintroduced taxes like withholding tax and introduced new levies such as the Social Security Contribution Levy, aiming to replenish its depleted finances.

Despite these measures, the failure to meet revenue targets suggests that a contracting economy struggles to achieve desired tax revenue, regardless of rate hikes, ultimately impinging on economic growth.

The budget for the upcoming year anticipates a 45 per cent revenue growth to Rs. 4,127 billion, primarily relying on the VAT increase and anticipated economic growth with the normalisation of imports.

Concurrently, expenditure rose by 38.2 per cent to Rs. 3,297.20 billion in the initial eight months.

Recurrent expenditure soared by 44.0 per cent to Rs. 2,941 billion, while capital expenditure and lending minus repayments increased by 3.5 per cent to Rs. 355.6 billion.

In this economic landscape, the eight-month budget deficit climbed to Rs. 1,470.66 billion from Rs. 1,112.49 billion in the corresponding period of the previous year.

Revised budget estimates for 2023 project an overall deficit of Rs. 2,402.0 billion (8.5 percent of Gross Domestic Product) and Rs. 2,401.0 billion (7.6 per cent of GDP) in 2024, excluding the Rs. 450 billion allocated for State bank recapitalisation.

Dengue cases in Sri Lanka surpass 73,000

0

Colombo (LNW): The number of recorded dengue cases in 2023 has exceeded 73,000, the Epidemiology Unit disclosed.

As of November 19, the total reported cases stand at 73,032, with the Colombo district contributing the highest number at 15,509.

The Western Province has the highest provincial count at 34,700, and the month of November alone has witnessed 4,539 new Dengue cases.

Health officials anticipate a further increase in dengue cases due to the ongoing rainy conditions.

In light of this, the public is strongly advised to maintain cleanliness in their surroundings and eliminate potential mosquito breeding sites to prevent the spread of dengue.

Dr. Palitha Mahipala assumes duties as new Health Secretary

0

Colombo (LNW): Dr. Palitha Mahipala, former Director General of Health Services, officially took on the role of Secretary to the Ministry of Health today (20).

He succeeds Janaka Sri Chandragupta, who retired from state service yesterday.

Dr. Mahipala previously served as the Additional Secretary of Health and Deputy Director of General Public Health Services.

He is qualified in the field of public health, health sector management, business administration and economic development, and is recognised as a prominent figure in the medical sector.

Dr. Mahipala is well known amongst the Sri Lankan LGBTQIA+ community for his groundbreaking intervention in 2016 for the introduction of the Gender Recognition Certificate (GRC), which is the key component allowing people of transgender identities to legally change their gender in Sri Lanka.

Sri Lanka to become a leading tile exporting country

0

By: Staff Writer

Colombo (LNW): Macksons Tiles Lanka (Macktiles), Sri Lanka’s largest tile manufacturer, is positive about the Sri Lankan economy and believes this is the time to uplift local industries.

“We always believed that there is victory in adversity and this is the time we must show our commitment by doing our part to build the economy,” says Macktiles Lanka Chairman Milfer Makeen.

The company has already invested Rs. 16 billion for its expansion between 2020 and 2022, bringing new best-in-the-world technology to the country that’s on par with Italian and Spanish tile manufacturers and is now ready to launch aggressively into the export market.

The Chairman says, “It was our mission to make Sri Lanka self-sufficient in tiles and the restriction of imports certainly allowed us to achieve this objective.

Compared to imported tiles, we are very much ahead in terms of quality and have a wider range which is far superior to the low-quality tiles that come into our market”.

The manufacturing capacity of Macktiles which was 6,000 square meters a day in 2013 was increased to 14,000 in 2017.

But after the 2020 expansion, the company has the capacity to produce a mammoth 44,000 square meters of tiles per day, making it the largest tile manufacturing facility in the country.

The company, which now has 40% share of the local market, is positioning to become an exporter of tiles.

The machinery we now use in our factories is state of the art and equal to what’s used by our international competitors in Italy and Spain.

Sri Lanka has the added advantage of having the best quality raw materials such as feldspar, ball clay, dolomite and Silica sand.

Our factories manufacture a range of tiles from high-end to general use without compromising quality.

For this reason, our products are attracting international buyers as well as Sri Lanka’s construction industry, including architectural and engineering communities.

The company sources 85% of its raw materials locally and has given a significant boost to raw material suppliers, some of whom are dedicated to supplying Macktiles, given the volumes the company demands.

“It would be fair to say we have empowered young entrepreneurs to join the raw material industry, and we have suppliers who source the highest quality materials exclusively for us.

In that sense, we have definitely revived the raw material industry which is indirectly contributing towards the economy.

In terms of direct contribution, with our drive to make Sri Lanka self-sufficient in tiles, we as an industry were able to save approximately $ 150 million in annual foreign exchange outflows from the country,” the Chairman adds.

IRD claims nearly 200,000 new taxpayers registered in 2023

0

By: Staff Writer

Colombo (LNW): Nearly 200,000 new tax payers have been registered in 2023 so far whilst the Committee on Public Accounts (COPA) last week urged expeditious upgrade to the Revenue Administration Management Information System (RAMIS).

This and other recommendations figured when the Inland Revenue Department (IRD) was questioned in the Committee on Public Accounts (COPA) whether the Government is properly receiving the Value Added Tax (VAT) paid by the public for various goods.

At present, about 13,000 institutions have registered for Value Added Tax (VAT) and the Inland Revenue Department officials said that they are investigating the payment of the relevant tax to the government by those institutions.

The committee pointed out that the institutions that collect VAT from the public should prepare a system to receive the taxes correctly to the Government.

The COPA Chairman asked the officials whether there is a possibility to take over and maintain the RAMIS computer system in the Inland Revenue Department itself.

However, the officials of the Inland Revenue Department informed the Committee that they cannot take over and maintain the system due to the lack of proper human resources.

It was revealed in the committee that 6 institutes have already been connected to the RAMIS computer system and the Department of the Registrar of Companies is still delayed in connecting to the RAMIS system due to some technical reason.

Accordingly, the committee recommended to the Department of the Registrar of Companies to immediately upgrade their system and connect with the RAMIS system.

A report on its progress was also directed to be forwarded to the committee before the first of January 2023.

The Chairman also instructed to provide a complete report on the tax levied under several classifications as well as a complete report on the arrears of Rs. 943 billion to be collected to the committee.

The COPA also asked the officials about the registration of new taxpayers. According to the officials, about 198,253 new taxpayers have been registered so far in 2023.

The Inland Revenue Department officials further commented that it has been identified that there are about 16 million citizens over the age of 18 and special programs are being implemented to include them in the tax payment process.

Barmy army battle for the trophy begins in Galle tomorrow

0

By: Staff Writer

Colombo (LNW): Renowned international cricket fan group Barmy army battle for the trophy between cricket fans from Australia, India, Pakistan, South Africa, Sri Lanka and the UK will be played in Galle.

The Barmy Army Fans World Cup 2023 is set to stage at the Galle International Stadium from 20 – 21 November 2023, in partnership with SriLankan Airlines.

As the principal partner of the Barmy Army Fans World Cup 2023, SriLankan Airlines was contributory to the decision to pick out Galle as the host city of the event, as an airline that continues to mobilize global interest in Sri Lanka as a trending destination for adventure and sport through significant international events.

The Barmy Army was founded during England’s 1994/95 Ashes tour of Australia. What started as a small group of 30 backpackers staying in hostels living their dream by watching the Ashes Down Under has now evolved into the world-famous supporters’ club that it is today.

With over 1.5 million social media followers and 40,000 members, the sole mission still remains the same – maximising the enjoyment of sport for all.

This year’s Fans World Cup is the epitome of that – it will draw close to 100 international participants to Galle including officials from Barmy Army and the UK’s travel trade who will compete as two separate teams representing the UK.

Each of the seven participating teams will be represented by 15 members and play two T10 fixtures on day one to establish group stage positions.

Day two will pack in the knockout stages and semifinals as the remaining teams vie for the big prize. The tournament will be live-streamed via Barmy Army’s social media channels.

SriLankan Airlines is set to create some additional excitement for the participants through fun activities on-ground including a social media contest in which one lucky winner will receive two return air tickets to travel between London and Colombo.

The participants’ overall experience is likely to live up to Barmy Army’s motto to have fun both on and off the pitch.

The coastal city of Galle is a world of its own. A UNESCO World Heritage Site, Galle offers the perfect backdrop for a game of cricket for international cricket aficionados, with its fusion of history, myth and magic.

In between matches, the international cricket fan players will be drawn to discover the city’s charming, cobbled streets lined with colonial dwellings, churches and quirky little shops not forgetting its many cafes and ice cream parlours fortified by the grand, imposing 17th century Galle Fort.

SriLankan Airlines has been a driving force in promoting the island for adventure and sport tourism through an assortment of events in the spheres of surfing, cycling, mountain biking, golfing, and running over the years.

With each event, SriLankan Airlines has both successfully showcased Sri Lanka for its unparalleled beauty and warm culture as well as passed on the travel bug to tens of thousands of tourists to visit Sri Lanka.