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State Minister of Finance Announces Easing of Import Restrictions in October 2023

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State Minister of Finance, Shehan Semasinghe, has disclosed that import restrictions on all items are set to be lifted in October 2023, with the notable exception of vehicles.

Speaking at an IMF conference held in Anuradhapura, Semasinghe explained that the decision to maintain import restrictions on vehicles stemmed from the government’s assessment of the relative importance of personal items in comparison to other sectors of the economy.

This announcement marks a significant development in the country’s economic policy and is poised to have implications for various sectors reliant on imports. As October approaches, businesses and stakeholders will be closely monitoring the changes in import regulations and their potential impact on the Sri Lankan economy.

Government Holds Talks with IMF and World Bank on Energy and Power Sector Reforms

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On Thursday, September 21, Minister of Power & Energy, Kanchana Wijesekera, engaged in constructive discussions with officials from the International Monetary Fund (IMF) and the World Bank concerning critical reforms in the energy and power sectors of Sri Lanka.

The meeting with IMF representatives, hosted at the Presidential Secretariat, primarily centered on assessing the progress of reforms and the implementation of cost-reflective pricing mechanisms within the electricity and energy domains. Additionally, discussions touched upon the advancements made in the “Aswesuma” welfare benefits program and the broader economic reforms undertaken by the Sri Lankan government.

The IMF delegation, led by Senior Mission Chief Peter Breuer, was joined by Chief of Presidential Staff Sagala Ratnayke, State Minister of Finance Shehan Semasinghe, Governor of the Central Bank Dr. Nandalal Weerasinghe, Secretary to the Ministry of Finance Mahinda Siriwardana, and officials from the President’s Office and Ministry of Finance.

This meeting coincides with the IMF team’s visit to Sri Lanka from September 14 to 27, marking the first review of the Extended Fund Facility (EFF) program for Sri Lanka, aimed at mitigating the ongoing economic crisis.

Simultaneously, the World Bank team, actively involved in supporting electricity sector reforms, visited the Ministry of Power and Energy. Their collaboration has been instrumental in facilitating reforms within the Ceylon Electricity Board (CEB), encompassing financial analysis, transfer plans, and legal frameworks.

During discussions, both parties explored the feasibility of establishing a communication platform to further reforms, the implementation of competitive bidding structures for renewable energy sources, and the provision of technical and financial assistance to enhance energy efficiency.

These dialogues exemplify the government’s commitment to addressing critical energy and power sector challenges with the support and expertise of international organizations like the IMF and World Bank.

Sri Lanka Original Narrative Summary: 23/09

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  1. Police Spokesperson SSP Nihal Thalduwa says 44 lives have been claimed in gun violence incidents, so far this year: also says the majority of these murders were “revenge attacks” by organized criminal gang members.
  2. Medical Specialists accuse the National Hospital Colombo of allegedly having the highest number of post-operative infections (septicaemia), mainly as a result of violation of the Infection Control Manual Guidelines endorsed by the WHO.
  3. Minister of Trade Nalin Fernando announces that the Ports and Airports Development Levy on imported powdered milk is to be increased by 10%: asserts however that the prices in the local market will not increase.
  4. Ministry of Health places orders to import testing kits to detect “Nipah” infections after the Southern Indian State of Kerala reported an outbreak of the bat-borne virus: asserts Sri Lankans should not have any undue fears about this virus infection.
  5. A video showing staff members from a Cargills supermarket outlet in Hanwella brutally assaulting a female customer goes viral in social media: Police launch investigation to confirm the location and identify the suspects.
  6. Parliament suspends MP Ali Sabri Raheem from serving in Committees of Parliament: Opposition Leader Sajith Premadasa says MP Sabri’s continued representation in Parliamentary Committees despite his recent involvement in illegal misconduct, has raised concerns and created a “problematic” situation.
  7. Court of Appeal to hear the Fundamental Rights petition filed by Pastor Jerome Fernando requesting the prevention of his arrest by the CID, on 4 October.
  8. Parliament Sectoral Oversight Committee on Just and Law-Abiding Society learns that at least 1,580 drug samples that yield negative results were intentionally submitted by certain Police Officials to the Govt Analyst Dept: also learns that the Police stations in Maradana (59), Peliyagoda (58), Kaduwella (58) and Borella (49) turned in the highest number of such false samples.
  9. Dept of Census & Statistics says the inflation rate for August 2023 dropped to 2.1% from 4.6% in July 2023: analysts point out that the dip is due to the massive base of 70.2% in August 22: analysts also dismiss Acting Finance Minister Ranjith Siyambalapitiya’s claim that inflation in Sri Lanka has significantly decreased thanks to President Ranil Wickremesinghe’s robust economic reform agenda, and point out that the real reason is that the economy is in a severe contraction due to the severely depressed consumption.
  10. Sri Lanka Women’s Cricket team beats Thailand Women by 8 wickets in the 3rd Quarter-Final of the Asian Games Women’s Cricket Tournament: Thailand (W): 78/7 (15 overs): SL (W): 84/2 (10.5 overs).

WEATHER FORECAST FOR 23 SEPTEMBER 2023

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Showers will occur at times in Western and Sabaragamuwa provinces and in Galle and Matara districts.

 Several spells of showers will occur in North-western province and in Kandy and Nuwara-Eliya districts. Showers or thundershowers will occur at several places in Uva and Eastern provinces and in Polonnaruwa district during the evening or night. General public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers. 

ikman: Where opportunity meets inclusivity, diversity, and growth

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September 23, 2023: In a bustling world of diverse talents and boundless opportunities, ikman, Sri Lanka’s premier online marketplace, stands as a beacon of innovation, embracing the aspirations of the young and the energetic. With over 230 dedicated staff members, ikman thrives as a dynamic and inclusive workplace, fostering an environment where every individual’s potential is nurtured and celebrated.

ikman’s team is a vibrant mix of generations, with a strong representation of Gen Z and millennials, backed by the wisdom of Gen X. Hailing from diverse backgrounds, encompassing various religions, cultures, and socio-economic classes, the ikman staff operates in perfect harmony, united by a shared vision.

The heart of ikman beats within its various departments: Customer Support, Member Center, Business Development, Field Operations, Telesales and Banner Sales, alongside indispensable support functions such as Finance, Marketing, Quality Assurance & Compliance, Human Resources, and Admin & IT. Together, these teams orchestrate the symphony of our success.

ikman operates under a distinct set of principles and values, which includes “Results speak loudest,” “Know your KPIs,” “Do fewer things better,” “It’s OK to make mistakes” and “You make the call” – all of which lay the foundation for our work culture. At ikman, diversity, inclusivity, and equal opportunities are embraced, empowering employees to take charge of their own narratives and roles while exploring new horizons.

ikman’s office environment is a testament to our ethos, featuring an open-door policy and a bullpen-style seating arrangement. The rustic-chic interiors radiate relaxed yet lively vibes, setting the stage for creativity and collaboration.

ikman values its employees’ well-being and growth, offering a range of benefits, including health insurance with OPD coverage for permanent confirmed employees, attractive pay packages with revenue-based incentives, and a continuous performance management process that rewards dedication and hard work.

Employee recognition is paramount at ikman, with awards such as the Saltside Value Awards and Employee of the Quarter Awards that celebrate excellence. Internal job postings, long-standing employee celebrations, and various engagement activities further enrich the work experience of its employees.

ikman is committed to nurturing young talent, offering early career opportunities and internships for fresh graduates, and believes in continuous staff training and development programs at all levels, providing performance-based career development opportunities that pave the way for future leaders.

At ikman, work-life balance is key, which has inspired its dedicated Events Team that curates a vibrant calendar of events throughout the year. From festival celebrations such as Avurudu and Christmas to carrom tournaments and talent shows, ikman believes in celebrating every moment.

ikman invites young, energetic individuals to explore a world of opportunities. Vacancies are available for Associates in Telesales and Customer Support, as well as an Executive in Business Development (Marketing). Whether you’re just starting your career or looking to make a change, ikman is the place to grow.

Join us in shaping the future at ikman. To apply, send your CV to [email protected] or explore our job portal, ikman Jobs.

Malaysian King extends state visit invitation to Sri Lanka’s President, scheduled for early 2024

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In a significant diplomatic development, Malaysia has extended a formal invitation to the President for a state visit to Malaysia. An official invitation for President Ranil Wickremesinghe to undertake a State Visit has been extended by His Majesty, the King of Malaysia.

The President has graciously accepted this invitation and has expressed his intent to schedule the visit during the early months of the upcoming year, specifically in either January or February.

The King’s invitation was personally conveyed by the Malaysian Prime Minister Anwar Ibrahim during bilateral discussions on the side-lines of the UNGA in New York september  (20).

During their meeting, the Malaysian Prime Minister expressed a strong desire to bolster economic ties between the two nations. He emphasized Malaysia’s eagerness to facilitate increased investments from Malaysian companies in Sri Lanka. In a promising move, the Malaysian Prime Minister also expressed positivity towards Sri Lanka’s request to commence negotiations for a free trade agreement (FTA) between the two countries, which could potentially open up new avenues for trade and economic cooperation.

Furthermore, it was revealed that the Malaysian Foreign Minister is set to attend the Indian Ocean Rim Association (IORA) meeting in Colombo next month, underscoring Malaysia’s commitment to regional cooperation and engagement.

In a gesture of solidarity and collaboration, Malaysia has agreed to support Sri Lanka’s application to become a member of the Regional Comprehensive Economic Partnership (RCEP), a major regional trade agreement.

This invitation and the ensuing discussions mark a significant step in strengthening the diplomatic and economic relationship between Malaysia and Sri Lanka. The state visit holds the promise of enhancing cooperation in various domains and fostering mutual prosperity.

Foreign Minister, Mr. Ali Sabry, President’s Secretary Mr. Saman Ekanayake, Foreign Secretary Aruni Wijewardane and UN Permanent Representative Mr. Mohan Peiris, and other senior officials from Sri Lanka and Malaysia participated in the meeting.

Sri Lanka’s digital economy expansion to add US$ 15billion to GDP

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By: Staff Writer

Colombo (LNW): The expansion of Sri Lanka’s digital economy will help boost the country’s Gross Domestic Product (GDP) by US$ 15 billion in the coming years, if development efforts in this regard are consistent, said the Federation of Information Technology Sri Lanka (FITIS).

Currently, the digital economy contributes US$ 3.7 billion to the GDP.FITIS Chairman Indika De Soysa pointed out that the IT industry is working towards elevating the current contribution by 20 percent and increasing the current contribution to the GDP by about fourfold by 2030.

De Soysa made these remarks at a press conference held this week at the Presidential Media Centre (PMC) where he discussed the ‘DIGIECON Sri Lanka 2030’ programme. The programme aligns with President Ranil Wickremesinghe’s vision, he stressed.

Taking into account the global context, especially that of developed countries, digital economy contributes approximately 40 percent to their GDP. In Sri Lanka, it is a mere 5 percent contribution.

To speed up efforts in this regard, a comprehensive set of guidelines for the next seven years is being developed by the relevant stakeholders, in collaboration with the DIGIECON 2030 government programme, to enhance technological knowledge among Sri Lankans.

Furthermore, the conference will introduce a digital economy master plan and regulatory policy framework by 2030, aiming to accelerate the country’s digital economy.

The event will feature over thirty expert speakers, both local and international, addressing key areas such as financial technology, education technology, tourism technology, information security, agricultural technology, and electronic health services.

Notably, the conference will include a digital investment component, seeking to attract potential investors for established IT companies in Sri Lanka and achieve a target of US$ 3 billion in IT exports.

The support extended by the Sri Lanka Information and Communication Technology Agency for this endeavour was acknowledged.

The conference enjoys the patronage of President Ranil Wickremesinghe and is supported by State Minister of Technology, Kanaka Herath, the Ministry of Technology, and the Information and Communication Technology Agency of Sri Lanka.

Meanwhile, the 41st National Information Technology Conference scheduled to be held in October will unveil a comprehensive set of guidelines for the next seven years.

DIGIECON 2030 program aims to accelerate Sri Lanka’s economy towards an inclusive digital economy by leveraging advanced technology-based solutions State Minister of Technology Kanaka Herath said.

As the first milestone, ‘DIGIECON 2023’, will take place from October to November 2023, which will unveil digital master plan and regulatory policy framework for the country up until 2030 in conjunction with a series of international conferences, symposiums, and exhibitions accelerating digital transformation and fueling ‘Digital Economy 2030’.

A devastating accusation by Justin Trudeau against India

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On the evening of June 18th Hardeep Singh Nijjar, a Canadian Sikh leader whom India considered a terrorist, was sitting in his truck in a car park outside a gurdwara (a Sikh temple) in Surrey, a suburb of Vancouver in British Columbia, when two masked men shot him dead. They fled through a park and disappeared.

On September 18th Justin Trudeau, Canada’s prime minister, told lawmakers in Ottawa that “credible intelligence” from the country’s security services linked India to the killing. It is a highly unusual accusation for the leader of one democracy to make against the government of another. Mr Trudeau said that he had discussed the allegation with Narendra Modi, India’s prime minister, on the sidelines of a g20 meeting in Delhi on September 10th, and that he would push India to co-operate with an investigation. “Any involvement of a foreign government in the killing of a Canadian citizen on Canadian soil is an unacceptable violation of our sovereignty,” he told Parliament.

The accusation marks a new low in the already frosty relationship between the two countries. Shortly after Mr Trudeau’s remarks, Canada’s foreign minister announced the expulsion of the head of India’s intelligence agency in Canada.

India’s foreign ministry categorically denied the “absurd” allegation, and said Canada had shared no evidence for the damaging claim with India. It also announced the reciprocal expulsion of a Canadian diplomat and a suspension of visa issuance in Canada. It accused Canada of sheltering “Khalistani terrorists and separatists”, a reference to those who seek an independent homeland for Sikhs in the state of Punjab and other parts of northern India.

In India, the public reaction to Mr Trudeau’s speech broadly echoed the government’s line. A spokesman for the main opposition Congress party declared that India must be “uncompromising” in fighting terrorism. Several editorials highlighted Canada’s alleged failures in tackling Sikh extremism and accused Mr Trudeau of pandering to terrorists. Some supporters of Mr Modi also predicted that the row would help the prime minister. “Justin Trudeau starts campaigning for Modi ahead of the 2024 General Elections by blaming his govt of neutralising a terrorist on Canadian soil,” Nupur J. Sharma, the editor of OpIndia, a right-wing website, wrote on X (formerly Twitter).

A deterioration in India-Canada ties had been apparent for some time. On September 1st Canada said it had paused trade talks with India. In the days leading up to the g20 Canada, while doggedly raising its allegation, apparently tried to reduce tensions by quietly sending the head of its intelligence service and Mr Trudeau’s national security adviser to India. It did not help. At the g20 summit in Delhi, where other Western leaders held long meetings with Mr Modi, Mr Trudeau was fobbed off with a ten-minute huddle on the sidelines. A smiling Mr Modi draped a silk scarf round Mr Trudeau’s neck in what now looks like an ironic welcome. Mr Modi later accused Canada of allowing India’s enemies to promote secession and incite violence against Indians in Canada. (A previous trip by Mr Trudeau to India in 2018 turned into a fiasco after a convicted Sikh extremist was invited to a reception for him at the Canadian High Commissioner’s residence; the invitation was later withdrawn.)

Sikh separatism, the cause behind a bloody insurgency in India in the 1980s and early 1990s, has long been a sore point between India and Canada, which has a large Sikh diaspora. India accuses Canada of being soft on militant separatists. Former Canadian security officials say India’s government has conducted surveillance on Khalistani groups in Canada for years. Canada itself became the victim of Khalistani terrorism in 1985, when a bomb blew up an Air India aeroplane flying from Montreal to London, killing 329 people, mostly Canadians. It remains the deadliest terrorist attack against Canada in history. Just one suspect was convicted in connection with the bombing; another was shot dead in his car last summer, in the same city where Mr Nijjar was killed.

The plane bombing has in no way soured relations between the 770,000 Sikhs living in Canada and their fellow Canadians. An important political constituency, Sikhs are courted by all Canadian parties. Canada insists it has cracked down on the small minority who have brought their fight for Khalistan to the country. Mr Nijjar had been a vocal advocate for an independent Khalistan, but he denied involvement in violence.

A deepening estrangement between the two countries would have economic implications, if modest ones. Canadian investors have become more important in India as they seek to profit from its high-growth economy: cpp Investments, a giant Canadian national savings fund, has some $20bn invested in the subcontinent. India is Canada’s tenth-largest trading partner.

All eyes on Modi

But the ramifications of Mr Trudeau’s accusations go far beyond the relationship between Canada and India. The prime minister said that Canada, a member of the Anglophone “Five Eyes” intelligence alliance, was “closely co-ordinating” with allies on the matter. On September 18th America’s National Security Council duly released a supportive statement, saying it was “deeply concerned about the allegations referenced by Prime Minister Trudeau” and urged India to co-operate with the Canadian investigation. Britain and Australia, which have both had recent run-ins with India over the activities of Sikh separatists on their soil, issued similar statements. All three countries are courting India as a potential hedge against Chinese domination in Asia, and are painfully reluctant to antagonise it. Yet Mr Trudeau’s public airing of the allegation, based on evidence that they will have seen, gave them little choice.

If Mr Trudeau’s allegation is correct, the assassination points towards an activist turn in the operations of India’s intelligence services in the West, not least the Research and Analysis Wing (raw), India’s foreign-intelligence arm, the likeliest candidate for such an operation. Carved out of the domestic Intelligence Bureau in 1968, reputedly with help from the cia, raw has focused mainly on gathering intelligence on, and conducting operations in, Pakistan, China and other neighbours of India. It has been suspected of conducting black operations to influence India’s neighbours, and to arrest and sometimes to kill its foes. But it is hard to find a precedent for such a seemingly overt attack in the West. It would have been “madness to perpetrate an act like this in a Five Eyes country”, says a European former intelligence official.

India may hope to emulate Israel’s Mossad, whose famously long arm strikes foes far away. But it risks being classed with Russia, whose murders abroad have provoked widespread condemnation and Western sanctions. If the allegations are correct, raw may have spotted a chance to get rid of a troublesome separatist in Canada and send a message to others like him. But the killing seems more likely to inflame than quell the Khalistanis—while forcing India’s Western allies to ponder how benign a global power it really is. 

THE ECONOMIST

Main tourism plan for Arugam Bay to boost tourism in the East

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By: Staff Writer

Colombo (LNW): The main tourism plan for Arugam Bay was presented by Senior Advisor to the President on National Security and Chief of the Presidential Staff Sagala Ratnayake, during a meeting convened at the Presidential Secretariat to discuss the Arugam Bay Tourism Development Plan.

The Arugam Bay Tourism Development Plan, has the potential to significantly contribute to Sri Lanka’s tourism industry, according to presidential media division.

During the discussion, the issues identified in the initial meeting led by President Ranil Wickremesinghe and the steps taken to address them were thoroughly examined

The President announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue.

He emphasized the importance of meticulous planning in identifying areas that necessitate development, with the intention of executing these initiatives systematically.

The President further highlighted the prospect of achieving significant income by promoting water sports such as water skiing, which holds popularity along the Arugam Bay coastline.

In the process of developing the Arugam Bay Coastline into a prominent tourist destination, a proposal was put forth to relocate the existing fishing port to an alternative location, equipped with necessary facilities for fishermen.

The special meeting held under the patronage of presidential chief of staff Saga la Ratnayake focused attention on the challenges related to infrastructure development in the area and the obstacles hindering the growth of the tourism sector.

Participants from various organizations also discussed how each institution could contribute to finding solutions to these challenges.

During the discussion, Mr. Sagala Ratnayaka presented the main tourism plan for Arugam Bay, prepared by the Urban Development Authority (UDA) while a three-year tourism development plan is also due to be presented before the President for consideration.

The relevant meeting was held under Ratnayake’s chairmanship, and it was also agreed that a follow-up meeting would be held in a month to assess the progress of these initiatives.

The Arugam Bay Tourism Association (ABTA) is working actively once again to woo tourists to the area According to tourism officials, infrastructure development is the need of the day as post-tsunami reconstruction has not matched the expectations of modern day tourism.

The new Arugam Bay Bridge constructed to replace the old, original landmark box girder linking Arugam Bay with Pottuvil town seems the only significant sign of development.

The 45 km stretch of golden beach from Pottuvil to Okanda is the base for future development in Sri Lanka.

It has great surfing, wildlife sanctuaries, and heritage sites, places of religiously importance as well as opportunities for adventure and nature holidays with camping facilities.

Urgent Need for Arugam Bay Tourism Development Strategy

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A meeting was convened at the Presidential Secretariat to discuss the Arugam Bay Tourism Development Plan, which has the potential to significantly contribute to Sri Lanka’s tourism industry. Mr. Sagala Ratnayaka, Senior Advisor to the President on National Security and Chief of the Presidential Staff, chaired the meeting.

During the discussion, the issues identified in the initial meeting led by President Ranil Wickremesinghe and the steps taken to address them were thoroughly examined.

The focus was on the challenges related to infrastructure development in the area and the obstacles hindering the growth of the tourism sector. Participants from various organizations also discussed how each institution could contribute to finding solutions to these challenges.

Mr. Sagala Ratnayaka presented the main tourism plan for Arugam Bay, prepared by the Urban Development Authority (UDA). Additionally, a three-year tourism development plan will be presented to the president for consideration.

It was agreed that a follow-up meeting would be held in a month to assess the progress of these initiatives. Those in attendance included Member of Parliament D. Weerasinghe, IGP C. D. Wickramaratne, Ampara District Secretary Chinthaka Abeywickrama, and heads of relevant organizations.