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Proficiency in languages such as English, Chinese, Hindi among students vital: President

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PMD: President Ranil Wickremesinghe announced plans to introduce a modernised education system in the country that can effectively address upcoming global challenges and incorporate modern technology. He highlighted the critical role of science and technology in various sectors of the world economy. Notably, he pointed out that areas such as artificial intelligence, robotics, energy storage, blockchain technology, and genome science have significant impacts on the global economy.

President Wickremesinghe made these remarks during the 2019/2020 annual prize giving ceremony at Anula Vidyalaya in Nugegoda yesterday (16). He stressed the importance of moving forward collectively towards the future, steering away from political traditions fixated on the past. He underlined that progress for the country depends on embracing a novel education system.

During the event, President Wickremesinghe also honoured accomplished female students from Anula Vidyalaya, Nugegoda who excelled in the recent advanced level examination. He expressed gratitude towards the dedicated teachers and was presented with a commemorative gift by the school’s principal, marking the historic occasion of a President visiting Anula Vidyalaya in Nugegoda.

Further addressing the gathering, President Ranil Wickremesinghe extended his appreciation to the teachers and students, acknowledging the substantial progress of Anula Vidyalaya. He reflected on the school’s humble beginnings and its transformation into one of the country’s leading educational institutions. Emphasising the school’s role in shaping future generations, he highlighted the evolution of the education system over the past five decades.

“During the time of President J.R. Jayawardena, the education landscape primarily consisted of textbooks. However, today’s educational paradigm has integrated the use of cell phones and computers. This evolution also extends to the realm of transportation, as the concept of electric vehicles was non-existent in the past, but now they are an integral part of society. The rapid advancement of science and technology is evident, necessitating a contemporary education system to thrive in this environment.

It’s evident that a country’s progress hinges on an education system that aligns with societal needs. To construct a prosperous nation, it’s imperative to nurture a promising future generation. Education stands as the cornerstone for laying the foundation to empower this generation to surmount challenges.

The need of the hour is an education framework that is forward-thinking and future-oriented. Our nation must be equipped to confront the potential challenges arising from climate change. The global phenomenon of climate change warrants meticulous study, as exemplified by the current environmental crises in Europe. The United Nations’ decision to advance the climate change agenda’s implementation by a decade, due to the urgent nature of the issue, underscores the gravity of the situation. Nations worldwide are gearing up to fulfil the climate agenda by 2040, a decade ahead of the original 2050 timeline.

The modern world economy thrives on various sectors driven by scientific and technological advancements. Artificial intelligence, robotics, energy storage, blockchain technology, and genome science represent just a fraction of the fields influencing the global economy. It’s paramount that we ready ourselves for these transformative shifts.

Economists project that the integration of these technologies could contribute a substantial $300 to $700 trillion to the global economy by the mid-21st century. The world is progressing within this economic trajectory, necessitating our proactive preparedness.

Much like the readiness exhibited towards the apparel industry in the 1970s and 80s, we must now embrace these emergent technologies. This calls for a fundamental overhaul of our education system. A proliferation of universities specialising in these domains is imperative. Furthermore, proficiency in languages such as English, Chinese, and Hindi is vital. Schools and higher education institutions must be established as centres of knowledge dissemination in these fields. Consequently, our strategy encompasses the establishment of non-state universities alongside state institutions. A scheme akin to the subsidised loan systems abroad has been devised to enable students to pursue education in non-government universities without financial constraints interrupting their academic pursuits.

Today, you belong to the Gen Z generation. The succeeding generation, referred to as Gen Alpha, must be equipped to navigate a vastly transformed educational landscape, possibly acquiring knowledge through mobile devices. This paradigm shift in education necessitates our proactive adaptation.

While politicians tend to focus on past matters, as students, our attention should be on the present. Yet, we set our sights on the future, compelling us to recalibrate our approach and surge ahead. Those tethered to historical perspectives must be bridged to the present, where insights into the future are attainable. Without modifying our educational framework, our prospects appear bleak. Progress is only conceivable through the adoption of a novel educational system.

While factories, edifices, and thoroughfares can be constructed, the absence of education jeopardises our future. Thus, as a government, we are resolute in our commitment to institute a fresh education system, ushering in a promising future for our nation.”

In attendance at this event were Minister of Education Dr. Susil Premajayantha, Minister of Transport, Highways, and Mass Media Dr. Bandula Gunawardena, Minister of Wildlife and Forest Conservation Pavitra Wanniarachchi, President’s Senior Advisor on National Security and Presidential Chief of Staff Mr. Sagala Ratnayaka, Members of Parliament Jagath Kumara and Major Pradeep Undugoda, along with Governor of the Western Province Air Marshal Roshan Gunathilaka. Also present were the principal, teachers, a significant assembly of students and parents.

CBSL issues today’s (17) official exchange rates

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Colombo (LNW): The Sri Lankan Rupee indicates a slight depreciation against the US Dollar today (17) in comparison to yesterday, as revealed by the official exchange rates list issued by the Central Bank of Sri Lanka (CBSL).

Accordingly, the buying price of the US Dollar has increased to Rs. 314.78 from Rs. 314.45, and the selling price to Rs. 327.87 from Rs. 327.82.

Meanwhile, the Sri Lankan Rupee has slightly appreciated against several other foreign currencies including Gulf currencies.

However, the LKR value indicates depreciation against Pound Sterling.

Jordan forces arrest seven Sri Lankans for attempting to illegally enter Israel

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By: Isuru Parakrama

Colombo (LNW): The Jordanian Army seized seven Sri Lankan national who attempted to illegally enter Israel on Wednesday (16), according to Jordanian Army’s official website.

These Sri Lankans were arrested by border forces and handed over to the relevant authorities, according to the report.

The Jordanian-Israel border has witnessed several instances in which infiltration took place over the years by people coming from various countries including Africa, Asia and Turkey seeking employment in Israel, and the forces continue to deal firmly to crack down such attempts.

52 people illegally infiltrated from Jordan last year and 23 did so in the first quarter of 2023, Israeli authorities said.

SL’s Preschool Education System to be modified to meet international standards

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By: Isuru Parakrama

Colombo (LNW): The government will take steps to modify the country’s preschool education system to meet international standards with activity-based learning, announced Education Minister Susil Premjayanth, speaking at an event held in Colombo.

Commenting on preschool education, the Education Minister pointed out that Sri Lanka should prepare the framework for the two years of education provided by preschools in accordance with the international standards, and ensure that the teachers are qualified to teach in a preschool.

A certificate course for teachers who have not obtained proper training should be adopted, Premjayanth went on, lamenting that there is a disparity among preschools in the country where education is not even.

“When one preschool provides activity-based learning, another teaches to count up to 10, and another to count up to 100. But all these children enter the Grade 01,” the Minister noted.

Accordingly, preschool education should be standardised and modified in accordance with the international standards, where activity-based learning suits best, he added.

The Minister further assured that the matter will be discussed with the Ministry of Child Affairs, the National Institute of Education (NIE) and other professionals.

China’s Foreign Minister pledges support to address SL’s debt crisis

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Colombo (LNW): Wang Yi, director of the Office of the Central Commission for Foreign Affairs, vowed that China will help Sri Lanka effectively address the challenges of financial debt on Wednesday, reported CGTN on Thursday (17).

Wang, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during a meeting with Sri Lankan Prime Minister Dinesh Gunawardena at the sidelines of the seventh China-South Asian Expo in Kunming, southwest China’s Yunnan Province.

China is always Sri Lanka’s reliable strategic partner and appreciates that Sri Lanka has always been friendly to China and has stood by China on issues related to its core interests, he said.

China also firmly supports Sri Lanka in safeguarding its sovereign independence and national dignity, and is willing to strengthen exchanges of experience in governance as well as cooperation in various fields with Sri Lanka, he said.

Wang vowed that China will help Sri Lanka improve its capacity for independent development, get rid of the “poverty trap” and the “trap of non-development,” accelerate its industrialisation process and agricultural modernisation.

He expressed belief that Sri Lanka will overcome its temporary difficulties, find a development path in line with its national conditions, and realise revitalisation and prosperity.

Noting that Sri Lanka is an important participant and beneficiary of the China-South Asia Expo, he welcomed the Sri Lankan side to continue to make good use of this important platform to further explore the Chinese market.

For his part, Gunawardena thanked China for its firm support for Sri Lanka in safeguarding its independence, sovereignty and territorial integrity, and for its timely and effective assistance to Sri Lanka in times of difficulty.

The forward-looking flagship cooperation projects between the two sides such as the Colombo Port City and the Hambantota Port will bring benefits to the Sri Lankan people and play a key role in regional connectivity and sustainable development, he said.

Sri Lanka will work with China to expand cooperation in economy, trade and investment, agriculture, tourism, energy and innovation to help Sri Lanka achieve food self-sufficiency and accelerate the development of key industries, he added.

Source: CGTN

Colombo to experience 18-hour water cut

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Colombo (LNW): Several parts of the Colombo District may face an 18-hour water cut on Saturday (19), announced the National Water Supply and Drainage Board (NWSDB).

The water supply will be disrupted from 8 am on Saturday to 2 pm on Sunday (20).

Colombo, Dehiwala, Mount Lavinia, Kotte, Kaduwela, Maharagama, Boralesgamuwa, Kollonawa, Kotikawatte, Mulleriyawa, Ratmalana, and Katubedda Pradeshiya Sabha will experience this interruption of water supply during the aforementioned period.

The interruption of water supply will take place due to maintenance work on the overhead power line system of the Ceylon Electricity Board (CEB), the Board said.

LKR value against USD at commercial banks today (17)

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Colombo (LNW): The Sri Lankan Rupee somewhat remains steady against the US Dollar as revealed by leading commercial banks in the country today (17) in comparison to yesterday.

Accordingly, Peoples Bank’s exchange rates reveal that the buying and selling prices of the US Dollar have increased to Rs. 313.85 from Rs. 313.37 and to Rs. 329.29 from Rs. 328.78, respectively.

At Commercial Bank, the buying and selling prices of the US Dollar remain unchanged at Rs. 311.74 and Rs. 326, respectively.

Sampath Bank follows a similar scenario in which the buying and selling prices of the US Dollar remain steady at Rs. 315 and Rs. 327, respectively.

Interest rates show a significant drop during TB auction

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Colombo (LNW): Interest rates indicated a significant decline at yesterday’s (16) treasury bond auction, demonstrating that the 91-day bill yield rate decreased by 223 basis points to 17.55 per cent from 19.78 per cent, and the 182-day bill yield rate by 224 basis points to 14.87 per cent from 17.11 per cent, a statement by the Central Bank of Sri Lanka (CBSL) revealed.

Further, the 364-day bill yield rate dropped by 75 basis points to 13.19 per cent from 13.94 per cent.

India assists Sri Lanka in maritime surveillance amidst Chinese vessel issue

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By: Staff Writer

Colombo (LNW): At a time where India and Sri Lanka strengthening  bilateral maritime surveillance, another Chinese marine research vessel, Shi Yan 6 is expected to dock at Colombo and Hambantota deep sea ports in Sri Lanka by October this year arousing India’s concerns, Indian media reported.

Commemorating the 77th Independence Day, India officially handed over a substitute Dornier-228 maritime surveillance aircraft to President’s Senior Advisor on National Security, Sagala Ratnayake yesterday

Accordingly, the substitute Dornier-228 maritime surveillance aircraft, to be used by the Sri Lanka Air Force (SLAF), was handed over at a ceremony held at the Sri Lanka Air Force Base in Katunayake today, the President’s Media Division (PMD) reported.

The substitute surveillance aircraft was handed over today as the Dornier-228 aircraft handed over to Sri Lanka a year ago was sent to India for obligatory yearly maintenance, the PMD said.

During the bilateral security discussions that transpired between India and Sri Lanka on January 9, 2018, in New Delhi, the potential acquisition of maritime surveillance aircraft akin to the Dornier type from India was brought to attention. The aim was to bolster Sri Lanka’s capabilities in maritime surveillance

Although Sri Lanka has not given the green signal to Shi Yan 6 yet, reports said India’s strategic community is expecting the island nation to give its nod.

Indian media raised concerns that the development comes as Sri Lanka President Ranil Wickremesinghe recently visited India and assured Prime Minister Narendra Modi that the country will take care of India’s sensitive security and strategic concerns.

According to Indian media reports, Shi Yan 6, a substantial weight of 3,999 tons and originating from Guangzhou, is presently situated within the South China Sea and is currently navigating in a southern direction.

Speculations are rife that researchers affiliated with Sri Lanka’s National Aquatic Resources Research and Development Agency (NARA) are set to commence a scientific expedition aboard the vessel Shi Yan 6, while the primary objective is to carry out an extensive survey encompassing both the exclusive economic zone (EEZ) of the island nation and the region of the southern Indian Ocean.

The Indian government has released no official word on the matter but as per Hindustan Times, the officials are engaging with Sri Lanka at the highest diplomatic levels.In August 2022, controversy prevailed as Chinese high-tech research vessel known as Yuan Wang 5, successfully moored at the harbour of Hambantota.

India is paying close attention to a new Chinese marine research vessel, Shi Yan 6, which is expected to dock at Colombo and Hambantota deep sea ports in the Sea of Sri Lanka in late October 2023.

The National Aquatic Resources Research and Development Agency (NARA) said the vessels’ arrival has already been planned.

However, the Sri Lanka Navy said that it was not made aware of the vessels’ visit to Sri Lankan shores.

China’s Sinopec to start operations in Sept bringing down fuel price 

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By: Staff Writer

Colombo (LNW): Chinese oil major Sinopec expects to start operations in Sri Lanka on Sept. 20 and will be allowed to sell fuel for less than the maximum retail price set by the government, Sri Lanka’s Power Minister said.

Sinopec’s entry into Sri Lanka will help reduce pressure on Sri Lanka’s foreign exchange reserves, and the island nation expects two other international fuel operators to start operations by October and November, Kanchana Wijesekera said.

“Reducing pressure on our foreign exchange with Sinopec’s entry will also help us increase fuel imports and strengthen the economy,” Wijesekera told reporters.

Australia’s United Petroleum and U.S. firm RM Parks in collaboration with Shell are the other two companies that have received approval.

The entry of the new players will end a market duopoly of state-run Ceylon Petroleum Corp and Lanka IOC, a unit of Indian Oil Corp.

Under the new deal, the Chinese firm will be given a 20-year licence to operate 150 fuel stations and will also be able to invest in 50 new fuel stations.

Sri Lanka is grappling with its worst financial crisis since independence from the British in 1948 with reserves at $3.8 billion at the end of July.

The island’s economy was severely hit last year by spiralling energy costs worsened by the war in Ukraine, which caused long lines at fuel stations and hours-long power cuts.

“Sinopec and Vitol have also been shortlisted for a refinery project in southern Sri Lanka and we expect their request for proposals to be handed over at the end of August,” Wijesekera added.

The entry of the new players will end a market duopoly of state-run Ceylon Petroleum Corp and Lanka IOC, a unit of Indian Oil Corp.

The Board of Investment (BOI) recently clarified that no tax concession has been granted to China’s energy investor in Sri Lanka, Sinopec, in terms of the BOI law.

BOI top official said: “BOI can only give exemptions from Customs duties under the prevailing Inland Revenue Act. If any concession is to be given, it should be under this. This agreement does not provide any exemption from taxes.”

He added that no exemption from Inland Revenue laws was given in any BOI agreement. “The prevailing law applies. The present agreement is to set up fuel stations in terms of the approval granted by the Ministry of Power and Energy.

The BOI had given approval after it secured approval from the Ministry of Power and Energy. “In terms of that approval, we have granted BOI status. No tax exemptions will be given and the BOI doesn’t have power to do so,” she explained.

The BOI and Sinopec Energy Lanka signed an agreement to operate and establish filling stations for fuel distribution in Sri Lanka. Sinopec has invested $ 100 million into the project, which includes import, storage, and sale of fuel.

The project will involve 150 privately-owned fuel outlets currently operated by the Ceylon Petroleum Corporation (CPC). Additionally, 50 new fuel stations will be established, the BOI said in a statement.

The agreement allows the project to operate for 20 years under the oversight of Sinopec Energy Lanka, in accordance with the Sri Lanka Board of Investment Act. Sinopec will sell various petroleum products, including octane 92 and 95 petrol, 500 PPM diesel, 10 PPM diesel, petroleum jet fuel, and other diesel and petroleum products.

Further, the agreement will facilitate the provision of value-added services at the stations such as automatic car washing and car service facilities, department stores, convenience stores, internet cafes, automated teller machines, and food courts.