Home Blog Page 1458

Wimal to contest the upcoming LG elections through a new name and a symbol!

0

Member of Parliament Wimal Weerawansa says that several parties including the Sri Lanka Freedom Party, the Uttara Lanka Sabhagaya and the Nidahasa Janata Sabhaya will contest the upcoming local government elections through a new alliance.

Udaya Gammanpila said that his alliance hopes to contest the election with a symbol that has not been used by any political party so far.

Also, the Secretary General of the Sri Lanka Freedom Party, Dayasiri Jayasekara, said that the broadest progressive force in the country will be created by his party.

zza

Sepal Amarasinghe arrested!

0

YouTube social media activist Sepal Amarasinghe has been arrested by the Criminal Investigation Department yesterday (05).

He has been arrested for making statements on social media insulting the Temple of the Tooth(Sri Dalada Maligawa) and Buddhism.

The Police Media Spokesman stated that he was arrested in Boralasgamuwa area.

President appoints Ronald Perera PC as BOC Chairman

0

President’s Counsel Ronald Perera has been appointed by President Ranil Wickremesinghe as the Chairman of the Bank of Ceylon (BOC).

The appointment was made in the President’s capacity as the Minister of Finance.

Perera previously served as the BOC Chairman from 2015 to 2019 during the Good Governance Regime, and on August 01, 2022 he was appointed as the Chairman of the Sri Lanka Insurance Corporation (SLIC).

MIAP

Clash between Police and protesters at Technical Junction (VIDEO)

0

A group of protesters accompanying the Inter-University Students’ Federation who were on their way to stage a silent protest outside the Attorney General’s Department clashed with the Police at the Technical Junction, Maradana today (05).

The Police argued that they cannot march on the highway without prior notice, but a heated exchange has occurred between the two parties, leading to a tense situation.

The Police informed the protesters to step aside from the highway and walk on the pavement.

MIAP

SL raises Rs 98 billion in maiden T-bill auction in 2023 amidst yields slide

0

The Treasury bill yields continued their weeks-long descent to usher in the new year at the first weekly bill auction held yesterday for 2023 while the Central Bank also sold the entirety of bills it offered, extending the recent trend of full acceptance.

The Public Debt Department of the Central Bank sold Rs.98.0 billion in bills across the three tenures—Rs.60.0 billion under three-month bills, Rs.20.0 billion under six-month bills and Rs.18.0 billion under 12-month bills, matching the level of acceptance under the three tenures, respectively.

There has been a large tilt towards the acceptances under three-month bills in recent times, due to expectations that the elevated yields would remain only for some time.

While the yields have in fact eased from their recent peaks, such easing has been slow and has happened by extremely little amounts.

At the auction held yesterday, the three-month yield declined 63 basis points to 32.01 percent, the six-month bill shed 18 basis points to 32.02 percent while the benchmark 12-month bill came off 11 basis points to settle at 29.16 percent from their previous week’s levels.

Despite the yields of the government securities have eased somewhat, market interest rates haven’t budged, the data available through November showed.

While the Central Bank had indicated its desire to see some notable decline in the rates since November, it appears that it hasn’t materiali’ed up to now.

The Central Bank this week imposed certain restrictions on the banks of their ability to access the overnight window under the Standing Deposit and Lending facilities.

If the Central Bank still fails to see meaningful easing in the market rates, the next step could be to impose ceiling rates on deposits and select lending products offered by banks.

The elevated yields and market rates also reflect the sentiments of investors and other market participants on the current and future outlook of the economy.

The government is also offering daily by raising taxes in an ad hoc manner outside the budget, which was presented less than two months ago, raising questions if the government has a clear fiscal and an economic policy towards economic recovery.

SL Embassy in Washington DC announces career opportunities for 550 Sri Lankans

0

The Embassy of Sri Lanka in Washington DC, United States has announced that the Embassy in cooperation with the Sri Lankan Foreign Employment Agency has secured job opportunities for 550 Sri Lankans.

Issuing a statement Sri Lankan Ambassador to the United States Mahinda Samarasinghe said 250 registered nurses, 100 lab technicians and 200 nursing assistants will be employed in the United States.

The recruitment process is underway, Samarasinghe tweeted.

MIAP

Ex President Rajapaksa returns to SL

0

Former President Gotabaya Rajapaksa who was on a holiday with his family in the UAE has returned to Sri Lanka today (05).

Rajapaksa, together with his wife, family members and private secretary left Sri Lanka on December 26, 2022.

MIAP

LITRO slashes LP Gas price, incurs record-breaking profit (VIDEO)

0

The LITRO Gas Company has decided to slash the prices of domestic LP gas from midnight today (05).

Calling in a briefing, the state-run gas distributor’s Chairman Muditha Peiris said the company has incurred a record-breaking profit of over Rs. 01 billion as the new year arrived.

Accordingly, the price of a 12.5kg domestic gas cylinder will be slashed by Rs. 201, to be sold for Rs. 4,409.

The price of a 5kg cylinder will be slashed by Rs. 80, to be sold for Rs. 1,770.

The price of a 2.3kg cylinder will be slashed by Rs. 38, to be sold for Rs. 822.

MIAP

Former Health Minister says demonstrations can no longer save country, urges unity of all

0

The staging of demonstrations through a divided approach can no longer serve any purpose and all political leaders, therefore, shall unite to engage in politics in the mission of saving the country, said former Health Minister MP (Dr) Rajitha Senaratne, speaking to TNL.

“Statements made by me and politicians like me may have been subject to criticism in the beginning, but in the end, what was said became true. See how billions were spent on creating disunity among nations and wasting the country? This war was created by the politicians. What is the Sinhalese – Tamil crisis? The Sinhalese harboured Sinhalese Nationalism to secure the votes, the Tamil harboured Tamil Nationalism. Later on, even the Muslim leaders harboured Muslim Nationalism. Each move was made on the objective of upping their vote base,” Senaratne said.

He went on: “We had our votes without making lies. I remember in 2004, I acted as if I was the brigadier of Mr. Ranil Wickremesinghe to protect his peace treaty. Some days, I argued with everyone burning the midnight oil till 4 – 5 am. Despite them all, the people of my district know of my conduct. They know my ideologies. Some called me ‘Tiger’ back then, I was accused of betraying the country to the Tigers. Even then I surpassed one hundred thousand votes for the first time. The government lost, but I became the first in the district. All the criticism coming from the country is not accepted by our people. Because they know my routine.”

The Minister further emphasised that given the current situation of the country a divided approach cannot save it, saying, “Now those who ruled threw everyone down the bottom of the well. But blaming those who are responsible can no longer save it. Earlier, there was the National Crisis and we fought against each other and solved it. Then there were economic crises – During Chandrika’s regime, the Economy dropped to -1.3%. We came in and rose it up to 5%. Today, there is a Financial Crisis. We have no money. We have been compelled to beg. We have to wait till someone else gives us money. Dollars cannot be conjured. Even if Rupees are printed, Dollars cannot. But the more Rupees you print, the more cost of living we face. The inflation goes up. That being said, we cannot save ourselves alone. We all must unite.”

“Neither can we hold demonstrations, scream out loud, nor vandalise to find solutions. Should they be done, the country will collapse further,” Dr. Senaratne continued. “There was no man like me who craved for struggles. My entire life is a struggle. There are hardly any demonstration in Sri Lanka I did not attend. There are hardly any leftists whom I was friends with. I knew all leftists except Wijeweera. I am a man who held political dialogues with every armed leader in the North except Prabhakaran. One time, I hid comrade Dayapala Theeranagama in my room for three months when he was being man-hunted by the JR’s regime. Nobody visiting our house knew he was there. Having them all done, I am craving for ‘Aragalaya’ very much. But this is not the time for that. The people of our country are vulnerable. No jobs, very desperate. We never even dreamed of facing such a tragedy in our last days of politics. There are no wizards in this country to make this country come out from this crisis. No gods, no robots. Only people who, like us, have good and bad and weaknesses. All people who love the country must unite. The unity shall not take place to clash with one another, but to set the differences aside and sit on a table together – to talk. The united approach is the only form of politics that can save this country now. There is no other.”

MIAP

UN FAO to improve SL fisheries sector reducing post-harvest loss.

0

Together with its partners, UN FAO in Sri Lanka is addressing urgent food security needs, while improving the capacity of the fisheries and agriculture sectors to support Sri Lanka’s journey to becoming a food-secure nation.

In this endeavour the Food and Agriculture Organization of the United Nations (FAO) and the Ministry of Fisheries launched a modified multiday fishing vessel in Colombo to improve the quality of fish and reduce post-harvest loss in the Fisheries sector.

The FAO in a statement said that fish products are an important source of animal protein for Sri Lanka and the sector contributes about 1.1 percent to Sri Lanka’s GDP.

However, studies by the National Aquatic Resources Research and Development Agency (NARA) indicate that the fish quality loss in some harbours is at 60 – 70 percent.

Some of the issues contributing to these losses include the lack of an adequate cooling system in multi-day fishing vessels that use weeks-old ice to maintain low temperatures and the captured harvest not being handled or stored properly by fishers, which reduces the quality of the overall harvest and damage the bottom layer of stored fish.

To address this issue FAO, together with the Ministry of Fisheries and NARA, modified the design of a multi-day fishing vessel as a pilot project to introduce new boat designs that provide an economically viable solution to minimize the quality loss of fish harvests.

By reducing the existing post-harvest losses, the investment for the proposed new design can be recovered within 3.5 years.

The modified multi-day vessel features a pilot coolant system in fish holds and storage as well as a modified fish holding facility to minimize the physical damage to fish due to overload.

The modified vessel was launched at an event in Colombo under the auspices of the Prime Minister Dinesh Gunawardena, the Minister of Fisheries, Douglas Devananda, State Minister of Fisheries, Piyal Nishantha de Silva, and the FAO Assistant Representative for Sri Lanka, Nalin Munasinghe.

The Prime Minister, Dinesh Gunawardena highlighted the potential of the project stating, “I’m thankful to the Ministry and FAO for the efforts taken to introduce innovative methods to protect the valuable harvests of the fisheries industry. This innovative design will bring multiple benefits for the fisheries community by enabling them to protect the quality of their harvest.”

The Minister of Fisheries, Douglas Devananda stated, “I thank FAO, NARA, NERD, and other fisheries organizations that supported us in this initiative. We’re committed to introducing innovative solutions to address the challenges faced by the Fisheries community today.”

Speaking on the initiative Assistant FAO Representative for Sri Lanka, Nalin Munasinghe stated “This initiative is an important step in introducing new technology to the Fisheries sector that will reduce losses, increase profits and improve the quality of fish available for consumers.

As FAO we are committed to supporting the sustainable integration of technology and innovation to strengthen Sri Lanka’s journey to becoming a food-secure nation.”