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Sri Lanka presents Credentials to the African Union

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The Permanent Representative of Sri Lanka to the African Union (AU), K.K. Theshantha Kumarasiri presented credentials to Chairperson of the Commission of the African Union Moussa Faki Mahamat on 26 May 2023 at Headquarters of the African Union in Addis Ababa, Ethiopia.

During the discussion, followed by the presentation of credentials, the new Permanent Representative conveyed the Chairperson of the Commission of the African Union the warm felicitations of President Ranil Wickremesinghe, the government and people of Sri Lanka on the celebrations of the 60th Anniversary of the Organization of African Unity (OAU) which was later named as the African Union (AU), established on 25 May 1963 in Addis Ababa, Ethiopia. The Representative highlighted the tremendous progress and achievements that have been made by the African Union for the last six decades under many challenging circumstances while ensuring continuous development of the continent and partnerships with the rest of the world.

The Representative also briefed Chairperson Mahamat about the new foreign policy initiative of “Look Africa” introduced by President Wickremesinghe in order to enhance Sri Lanka’s bilateral relations with the countries in Africa, and also the African Union in particular on matters of regional and multilateral nature, including Sri Lanka’s interest in blue economic initiatives with partner countries and regional  & multilateral organizations in order to develop partnerships for better management of challenges of economic & social development, mitigating of climate change issues, supporting for inclusive economic growth and mobilization of sustainable financing instruments to address common issues of complex nature in the spirit of solidarity of South – South Cooperation.

Chairperson Mahamat conveyed his warm greetings to the President of Sri Lanka for his commitment in promoting blue economic agenda and making significant initiatives to engage with the member States of the African Union in view of addressing matters of common interests. Further, Chairperson of the African Union Commission assured that the African Union Commission and its Commissioners will provide adequate institutional assistance and necessary cooperation to the Permanent Observers to the African Union (including Sri Lanka) in order to build partnerships with the view to achieving common objectives pertaining to specific areas of cooperation such as agriculture, food security & poverty alleviation, renewable energy, education, knowledge creation & innovation and tourism & hospitality in particular.

Further, the Permanent Representative expressed Sri Lanka’s desire for the full implementation of the African Continental Free Trade Area (AfCFTA), which will pave the way for eliminating barriers to trade in Africa and boosting intra-Africa trade as well as expansion of trade and investment with potential partner countries in the rest of the world including Sri Lanka while deepening country’s linkages with the African content.

During the discussion the both parties expressed the hope that Africa’s prolonged struggle of searching for permanent seats on the United Nations Security Council will be achievable in coming years with a wider endorsement of policy level. The discussion also focused on the speedy progress that has been made by the African Union in the recent past with respect to Africa’s accession to the G20 Group of large economies by becoming a permanent member of the Group. Further, Chairperson Maamat assured the commitment of African Union to collaborate with Sri Lanka as a Permanent Observer to the African Union for the realization of aspirations and goals of the African Union under its ambitious master plan of “Agenda 2063” in view of inclusive and sustainable social and economic development while transforming Africa into the global powerhouse of the future.

Theshantha Kumarasiri who is currently performing as the Ambassador of Sri Lanka to Ethiopia is a member of the Sri Lanka Foreign Service with over 20 years of career experience while serving previously in France, South Korea and Brazil. He is a graduate of the University of Kelaniya, and has a Master’s Degree in Human Rights and Democratization from the University of Colombo, Sri Lanka.

Embassy of Sri Lanka

Addis Ababa

29 May 2023

Food insecurity improves in SL but prevails within specific regions – FAO & WFP

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An estimated 17 percent of the population is in moderate acute food insecurity in Sri Lanka, especially in the Northern, Eastern and Central Provinces, indicating an improvement compared to 2022.

COLOMBO: Food security in Sri Lanka is improving across all provinces, according to the Crop and Food Security Assessment Mission (CFSAM) report jointly carried out in February/March 2023 by the Food and Agriculture Organization of the United Nations (FAO) and the United Nations World Food Programme (WFP). The report estimates 3.9 million people or 17 percent of the population is in moderate acute food insecurity which is nearly a 40 percent decrease from June/July last year. Nearly 10,000 people are severely acute food-insecure, down from 66,000 people last year.

The improvement in food security stems from better food consumption, which could be attributed to reduced food prices and improved incomes among farming communities during the harvesting period when the mission was carried out.

Despite this positive trend, food insecurity remains high in certain districts, especially Kilinochchi, Nuwara Eliya, Mannar, Batticaloa, Vavuniya, and Jaffna. The highest level of acute food insecurity was found within the tea plantation communities in the Estate sector and among daily wage labourers and households who rely on social assistance programmes, such as Samurdhi, as their main source of income. 

Production of cereal, including rice and maize, across the two main cropping seasons in 2022/23 is forecast at 4.1 million tonnes, 14 percent below the past five-year average, mainly due to poor plant nutrition caused by an inadequate supply of fertilizer and unaffordability of essential material inputs. However, essential fertilizers distributed to smallholder farmers by the Government, facilitated by funds received from multilateral and bilateral donor agencies, has significantly impacted production, marking an improvement in the yield with productivity in the recently harvested 2022/23 “Maha” season, 12% higher than the 2022 “Yala” season.

Representative of FAO to Sri Lanka and the Maldives, Mr. Vimlendra Sharan speaking on CFSAM Report findings said, “The Crop and Food Security Assessment Mission (CFSAM) report is an eye-opener on the continuing vulnerabilities and challenges that exist within the food systems of Sri Lanka. This report and its findings will no doubt serve as a guiding light for policymakers and stakeholders to collectively work towards ensuring food security, strengthening agricultural resilience and mitigating risks faced by farmers and rural communities who have been disproportionately impacted by the economic crisis. FAO remains committed to supporting Sri Lanka in their efforts towards achieving sustainable food systems, food security and zero hunger.”

“After many months of challenges, we are finally witnessing an improvement to the country’s food security,” said Abdur Rahim Siddiqui, WFP Sri Lanka’s Representative and Country Director. “But there is more to be done. A high number of households — more than 60 percent — are adopting negative measures to put food on the table, including borrowing money and purchasing food on credit. WFP will extend its emergency operation, which commenced last year, to provide food rations and cash assistance to people identified as food insecure.”

Mission recommendations

The joint FAO/WFP Mission recommends providing immediate support to farmers, particularly by releasing available fertilizer stocks to enhance production and productivity in the ongoing “Yala” season and make urgent policy decisions to import fertilizers in time for the 2023/24 “Maha” cultivation season.  The report also recommends any move for reducing or removing fertiliser subsidy to be in a gradual and phased manner, giving adequate time to the farming community to adapt.

Other recommendations include the establishment of a “Fertilizer Task Force” to streamline fertilizer procurement and distributions as well as to strengthen adaptive research on climate smart agriculture and sustainable farming practices to improve fertiliser use efficiency. Further, to minimize the impact on the livestock and fisheries sectors, the mission recommends providing adequate support to increase fodder and feed crop production.

Further recommendations include continuing food and/or cash assistance to facilitate access to food among households most vulnerable to food insecurity. In the long-term, increased livelihood support to food-insecure households and resilience-building initiatives are also recommended to prevent them from compromising on productivity and their capacity to cope with future shocks.

Chartered Accountants of Sri Lanka – Australia Chapter and Consulate General of Sri Lanka in Melbourne hold “Reignite Sri Lanka 2023”

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The Chartered Accountants of Sri Lanka – Australia Chapter, in collaboration with Consulate General of Sri Lanka to Victoria, South Australia and Tasmania, held “Reignite Sri Lanka 2023”, a business networking event, on May 17, 2023 in Melbourne, Australia.

The function was aimed at presenting Sri Lanka’s economic growth and investment opportunities to leading Australian businesses and organizations, and to initiate discussions between Sri Lankan and Australian companies on future engagement.

Consul General for Sri Lanka Sandith Samarasinghe as one of the main speakers presented the main points of Sri Lanka’s Climate Prosperity Plan, a government initiative aimed at ensuring Sri Lanka’s economic growth and stability through climate friendly policies and sustainable energy and conservation initiatives.  During his speech, Consul General Samarasinghe also highlighted some of the key investment projects earmarked under the CPP, and invited attendees to visit the report and explore the opportunities available here.

President of the Institute of Chartered Accountants of Sri Lanka and keynote speaker Sanjaya Bandara, Chairman of the Sri Lanka Tourism Promotion Bureau Chalaka Gajabahu also addressed the guests on several areas, including Sri Lanka’s investment and tourism potential.

The speeches were followed by a panel discussion composed of the main speakers, as well as Malik Fernando of Dilmah Tea, Ruwan Karunaratne from the Colombo Port City Economic Commission, and Lucy Walgers from TripADeal.  The panel addressed a number of topics, including Sri Lanka’s resurgence from the recent economic crisis, making Sri Lanka more attractive to investors, the opportunities of the Colombo Port City project, and the role of tourism in driving Sri Lanka’s growth.

The event concluded with a networking session, where Sri Lanka and Australian companies and representatives of industry associations were able to meet and discuss mutual interests. 

Reignite Sri Lanka 2023 was the inaugural event of what the CA Sri Lanka – Australia Chapter hopes will be a continued initiative in promoting Sri Lanka as a business, investment and tourist destination.

Consulate General of Sri Lanka

Melbourne

31 May 2023

India’s New Parliament House dedicated to the nation by PM Modi

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Prime Minister, Shri Narendra Modi dedicated India’s new Parliament House to the nation on May 28, 2023. Congratulating fellow citizens on the occasion, Prime Minister remarked that the day of 28th of May was an immortal signature on the face of time. “People of India have given themselves a gift for the Amrit Mahotsav”, he said.

2.    The new Parliament was the need of the hour given the difficulties faced by the Parliamentarians in getting work done in the old Parliament building due to lack of technical facilities and paucity of seats in the House. The new building blends the ancient and the modern, with interiors of Lok Sabha (House of the People) themed on the national bird peacock and Rajya Sabha(Council of States) on the national flower lotus. The Parliament premises also have the national tree Banyan. In Prime Minister’s words, the building“ has Virasat (Heritage) as well as Vastu (Architecture), Kala(Art) as well as Kaushal(Skill), Sanskriti (Culture) as well as notes of Samvidhan(Constitution)”. The new building embodies the spirit of Ek Bharat Shreshtha Bharat having incorporated specialties of different parts of the country, for instance granite from Rajasthan, timber from Maharashtra and carpets by Bhadohi artisans. The New Parliament House also has a gallery dedicated to the 60,000 labourers who were employed for its construction.

3.     Prime Minister, in his remarks on the occasion, said that this is not merely a building but is a reflection of the aspirations and dreams of 1.4 billion Indians. “This is a temple of our democracy that gives a message of India’s resolution to the world”, he said. He continued, “This new Parliament building connects planning to reality, policy to realization, willpower to execution, and sankalp(resolve) to siddhi (realisation)”.

4.     “New models can be established only by treading new paths”, Prime Minister remarked as he highlighted that New India is realizing new goals and paving new ways. “There is a new energy, new zeal, new enthusiasm, new thinking and a new journey. There are new visions, new directions, new resolutions and a new trust”, Prime Minister Modi exclaimed. Prime Minister said that the world is looking towards India’s determination, its citizens’ vigour and the strength of human resource in India with respect and hope. “When India moves forward, the world moves forward”, he remarked.

Glimpses of the new Parliament Building, in New Delhi

5.     Parliament being the temple of democracy, Prime Minister on the occasion said “India is not only a democratic nation but also the mother of democracy”. He underlined that democracy is not just a system that is practiced in India but it is a culture, thought and tradition. Prime Minister said that after years of slavery, India resumed its journey and has now reached the Amrit Kaal, i.e the period of 25 years to India’s 100th year of Independence. “Amrit Kaal is a period of forging new dimensions of development while preserving our heritage. This is Amrit Kaal of giving a new direction to the nation.”

Glimpses of the new Parliament Building, in New Delhi

6.     Prime Minister said that the new Parliament Building will strengthen the nation’s belief in its success and will inspire everyone towards a Viksit Bharat. “We will have to move with a spirit of – Nation First.  We will have to keep the path of duty above all. We will have to be an example with our conduct while constantly improving ourselves. We will have to tread our own path”, he said.

Gathering at the inauguration ceremony of the new Parliament House, in New Delhi on May 28, 2023. PM addressing on the occasion.

7.     Stressing the importance of the Parliament, the Prime Minister said that it is the resolution of 1.4 billion Indians that consecrates the Parliament. He expressed the hope that every decision taken here will adorn the coming centuries and empower the coming generations. Prime Minister underlined that the path of empowerment of the poor, dalit, backward, tribal, disabled, and every deprived family of the society, along with prioritizing the development of the deprived will pass through this Parliament. This Parliament will become the basis for the creation of a new, prosperous, strong and developed India.

8.     Speaker of Lok Sabha, Shri Om Birla, and Deputy Speaker of Rajya Sabha, Shri Harivansh Narayan Singh were present on the occasion among others.

*** 

Colombo

31 May 2023

Defence State Minister seeks avenues to develop Army Ordnance Industries further

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State Minister of Defence Hon. Premitha Bandara Tennakoon appreciated the Army’s role in saving valuable foreign exchange by producing a considerable number of its requirements locally with its own technology and technical expertise at the Army Ordinance Industries.

He also said that plans are afoot to develop this important Army asset and also produce varieties of ammunition.

The State Minister made these remarks when he made an inspection visit to the Army Ordnance Industries (AOI), yesterday (May 30).

The State Minister was received by the Colonel Commandant of the Sri Lanka Ordnance Corps Major General Priyantha Weerasinghe on his arrival at the AOI in Veyangoda yesterday morning.

The Colonel Commandant along with the Commandant of the AOI Brigadier Ananda Jayarathne accompanied the State Minister to the production area of the AOI and briefed him of its operations and productions.

Senior army officers including Director of Ordnance Services Brigadier GA Munasinghe and Centre Commandant Colonel K M A W K Perera were also present at the occasion.

Govt responds to allegation of not funding Poson programme

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Colombo (LNW): The government has responded to the allegation levelled by certain parties that the State’s Poson Programme in Anuradhapura is not being properly funded, stating that it is false and asserting that Rs. 28.8 million has already been granted in this regard.

As of now, two Ministries and one Department have contributed a sum of Rs. 28.8 million for the State’s Poson Programme this year, a statement by the President’s Media Division said.

The allocation made by the Buddhashasana, Religious and Cultural Affairs Ministry for this year’s Poson Mihinthale Perahera was the highest since 2019, it added.

SL-Vlog owner Bruno Divakara arrested

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Colombo (LNW): Bruno Divakara, owner of SL-Vlog YouTube Channel, has been arrested by the Criminal Investigation Department (CID).

The arrest was made after questioning Divakara for over eight hours in connection with stand up comedian Nathasha Edirisooriya’s comments allegedly insulting Buddhism.

Sampath Bank debunks reports on financial status being unstable

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Colombo (LNW): The Sampath Bank Administration has responded to certain media reports claiming that the Bank’s financial status has become unstable, stating that they are completely false.

Asserting that Sampath Bank has the best balance sheet amongst the commercial banks in Sri Lanka, the Bank’s Administration stressed that a certain group is promoting false information by launching a smear campaign against it.

The Bank will also be taking legal action against everyone held accountable for the promotion of these false information, a top official of the Bank told LNW.

Govt to digitise data in Agricultural Sector

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PMD: A meeting took place at the Presidential Secretariat yesterday (30) between President Ranil Wickremesinghe and representatives from the Bill and Melinda Gates Foundation. The primary focus of the discussion was the digitisation of data in Sri Lanka’s agricultural sector.

President Ranil Wickremesinghe emphasised the importance of continuing the government’s efforts to modernise the agricultural sector, improve nutrition, address climate change, and enhance financial security.

During the meeting, officials from the Bill and Melinda Gates Foundation expressed their willingness to support these activities, provided they align with the government’s policies and regulations regarding financial assistance and the use of modern technology. They presented relevant information to support their stance.

The proposed establishment of a university dedicated to climate change was also a topic of attention during the meeting.

Minister of State for Finance Mr Shehan Semasinghe, Senior Advisor to the President on National Security and Chief of Staff Mr Sagala Ratnayake, Secretary to the President Mr Saman Ekanayake, Senior Advisor to the President on Climate Change Mr Ruwan Wijewardena, Advisor to the President on National Food Security Dr. Suren Batagoda, Chief of Defence Staff General Shavendra Silva , Additional Secretaries of the President’s Office Mr. Vernon Perera, Ms Chandani Wijewardena, Dr. Sulaksha Jayawardena and other officials, members of the Bill and Melinda Gates Foundation and the Sarvodaya Foundation attended the meeting.

Reforming SOEs becomes priority for Sri Lanka; Ex Finance Minister

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By: Staff Writer

Colombo (LNW): Sri Lanka’s State owned Enterprises in strategic sector links to day to day activity of the people are set to undergo reforms and other public enterprises engaged in commercial activities face performance optimization more efficiently and effectively under public private ownership, a former finance minister disclosed.

Majority of these entities are inefficient and wasteful, but now the government is determined to change things with SOE restructure plans moving even more SOEs into competitive markets.

These 527 SOEs and 52 of them are identified as strategically important will be operated with private sector investment, generate revenues for the state, reduce the administrative burden on the state, and distribute ownership partially and management more widely to the private sector, former finance minister Ravi Karunannayake said.

The restructure tool is used to improve their financial and operational performance and to make them operate on the strength of their balance sheets, he pointed out adding that measures were also taken to reduce the flow of public funds to SOEs.

All these structural measures will enable Sri Lanka to strengthen the governance of SOEs and make them financially viable while alleviating their burden on public finances.

He suggested that Sri Lanka should follow the Temasek model of Singapore which is operated on a competitive basis, where the Government has no intervention in business.

He emphasized that according to official data 39 of the 52 strategically important public institutions are making profits while 13 of them are still making losses.

The losses incurred by 13 public institutions currently amount to Rs 1,029 billion while the profits made by the 39 enterprises are at Rs 218 billion, he said.

He also highlighted that the annual loss made by the public institutions is more than Rs 811 billion, adding that only Rs 28 billion have been paid by the profit-making public institutions as taxes to the treasury.

The professionals running the business raising the revenue and make profits as same as in a private company and the work principles is set right from the beginning to be competitive.

He categorically stated under this set-up there is privatization – as in a partial or full sale of assets – is not the only option for SOE reform.

For instance, there are other options like the vesting of performance and management in private sector contracts, Public-Private Partnerships (PPPs), holding companies, listing on the stock market, Employee Stock Ownership Plans (ESOPs), etc.

There is no single model. It is also important to follow Sri Lanka’s past experience with SOE restructuring – both positives and failures – rather than sticking to one and only procedure, he explained.

Therefore, enhancing the low level performances of SOEs by optimization procedure is essential whilst ensuring transparency and accountability at this difficult juncture of trying to recover from economic crisis, he added.

In addition, as part of its IMF program commitments, Sri Lanka is devising a comprehensive strategy to restructure the balance sheets of some key SOEs, notably CPC, CEB, RDA and Sri Lankan Airlines (this strategy needs to receive cabinet approval by June 2023).