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USAID, ADB join hands to assist Sri Lankan women in energy sector

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By: Staff Writer

Colombo (LNW):The USAID’s Sri Lanka Energy Project and the Asia Development Bank (ADB) have collaborated to launch the Sri Lanka National Chapter WePOWER to promote the advancement of women working in the country’s local energy sector.

The national chapter is affiliated with the regional South Asia WePOWER Network.In addition to promoting women in energy, this World Bank initiative also increases women’s participation in Science, Technology, Engineering, and Mathematics (STEM) education, the US Embassy in Colombo said in a statement.

The launch featured a panel discussion and engaged power sector stakeholders including utilities, academia, and professional networks to raise awareness about the national chapter WePOWER and to encourage high-level officials’ support to ensure its sustainability and success.

Recent World Bank statistics show women represent only about 13 percent of Sri Lanka’s power sector employment, the embassy said further.

“The power sector in Sri Lanka will greatly benefit from workplace diversity and increased participation by women, including in leadership positions,” said Christopher Powers, Director of the USAID’s (US Agency for International Development) Economic Growth Office.

“The launch of the WePOWER national chapter in Sri Lanka is a timely and exciting development for the country, as well as for its energy sector,” said ADB Country Director Chen Chen.

He noted that Sri Lanka may capitalize on the trend in its economic recovery course. With more women joining the energy sector, we will create a more diverse and better equipped workforce to address the global and local challenges.”

Among its first efforts, Sri Lanka WePOWER plans to conduct training in gender equality and social inclusion and a workshop in May to develop an action plan to create and monitor gender activities with targets and goals under its five pillars: STEM education, recruitment, development, retention, and policy and institutional change.

USAID’s Sri Lanka Energy Program is helping Sri Lanka transform its power sector into a market-based, secure, reliable, and sustainable system by mobilizing investment to deploy advanced technologies, increase flexibility, and enhance competitiveness.

The U.S. commitment to help build a power sector for tomorrow is one of many elements of America’s long, strong, and enduring partnership in Sri Lanka, a partnership that has been the foundation of 75 years of close relations and effective work together.

COPA instructs Sri Lanka Police to Provide Proposed IT Program Within a Month

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Hon. Lasantha Alagiyawanna, Chair of the Committee on Public Accounts (COPA), has instructed the Department of Police to provide a proposed information technology (IT) program within a month. The directive came during a meeting held on April 26, where the Sri Lanka Police was summoned to examine the Auditor General’s report and current performance for the years 2019, 2020, and 2021.

The meeting, attended by senior police officials, also addressed other issues such as the lack of female police officers, expired tear gas, language skills of police officers, police promotions, and crime control.

During the meeting, it was highlighted that a recommendation made in 2016 to establish an IT system for the Sri Lanka Police has not been implemented. The Inspector General of Police stated that a new pilot project is being implemented in Hatton and Nuwara Eliya Police Stations, and steps will be taken to introduce IT systems in segments due to the difficulty of setting up a single system.

The Committee Chair emphasized the importance of integrating the motor transport department and other institutions to obtain relevant information immediately and instructed the Sri Lanka Police to submit a report on the current and proposed IT program within a month.

The meeting also revealed that there are 2419 female police constable vacancies, and efforts are being made to complete them by 2023. The Inspector General of Police stated that reforms have been initiated to provide opportunities for women in higher positions, including the post of Inspector General of Police.

The Committee also instructed the disposal of expired tear gas across all police stations in Sri Lanka and called for a report on measures taken to control public riots, including tear gas. The need to improve the language skills of police officers was also emphasized.

CBSL Annual Report (2022) handed over to the President

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The Annual Report of the Central Bank of Sri Lanka (CBSL) 2022 was presented by Central Bank Governor Dr. Nandalal Weerasinghe to the Minister of Finance Economic Stabilization and National Policies, President Ranil Wickremesinghe at the Ministry of Finance today (27).Presented as the 73rd Annual Report of the CBSL, this report consists of four main parts.

Accordingly, the first part consists of 08 chapters and 30 sub-chapters explaining the state of the economic affairs of the year, while the second part consists of a collection of gazettes and circulars related to various policy measures taken by the Government and the CBSL. The third part of this report explains the departments of the CBSL and their related roles and the fourth part includes a list of laws and ordinances related to the banking system connected to the Government and the CBSL.

In accordance with Section 35 of the Monetary Law Act, the Monetary Board of the CBSL is required to produce an annual report on the economic conditions and the policies taken for that year and submit it to the Minister of Finance within four months after the end of the relevant year.

Secretary of the Ministry of Finance Mr Mahinda Siriwardana, Director of the Economic Research Department of the Central Bank of Sri Lanka Dr. P.K.G.Harishchandra, Additional Directors of Economic Research Dr. Mrs. S. Jegajeevan and Dr. L. R. C. Pathberiya participated in this event.

The official announcement issued by the CBSL in this regard is shown in Annexure 01 below.

The 2022 annual report of the Central Bank of Sri Lanka can be accessed through the link below. https://www.cbsl.gov.lk/en/publications/economic-and-financial-reports/annual-reports

Duty-free allowance for expatriate workers rises with remittance increase

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By: Staff Writer

Colombo (LNW): Sri Lanka is targeting $1 billion monthly foreign inflow from worker remittance by end-2023 with more people leaving the island nation for offshore jobs amid an unprecedented economic crisis, Foreign Employment and Labour Minister Manusha Nanayakkara said.

Sri Lankan migrant workers’ foreign remittances amounted to a total of US$ 1.41 billion in the first three months of 2023 exceeding the $1 billion target forect for this year, Central Bank data shows

Foreign remittance of US$ 568.3 million has been recorded in March 2023 in comparison to the US$ 318.4 million reported in March 2022.

The Minister further stated that this was a 78.5% (US$ 249.9 million) increase compared to the inflows recorded in March 2022.

The central bank’s figures have shown that the foreign remittances earned by Sri Lankan migrant workers’ were at $437.5 million and $ 407.4 million in January and February 2023, respectively an it was increased significantly to $.568.3 million in March 2023.

Minister Manusha Nanayakkara, noted that 300,000 Sri Lankans have left the island for foreign employment in 2022.

The government has offered moe concesstions for srilankan migrant workers such as high duty-free allowance, pension benefits, and vehicle imports to boost foreign remittances.

The duty-free allowance given to expatriate workers at the airport will be increased from May 01, Minister of Labour & Foreign Employment Manusha Nanayakkara says.

Addressing a media at the Government Information Department, Nanayakkara said a circular in this regard has already been issued.

Earlier, a memorandum presented by Nanayakkara to the cabinet of ministers seeking their approval to increase the duty-free allowance given to expatriate workers at the airport had been green-lighted.

Accordingly, the Ministry of Labour and Foreign Employment took measures to issue the relevant circular.

As per this circular, expatriate workers who legally send money to Sri Lanka through the banking system are eligible to receive an increased duty-free allowance, he explained.

The amount of money sent through the banking system from May 01, 2022, will be taken into account and this concession will be given under five categories.

Migrant workers who have sent between US$ 2,400 – $ 4,799 will get an additional duty-free allowance of $600 and workers who have remitted between$ 4,800 -$ 7,199 will get an additional allowance of $ 960.

Meanwhile, the expatriate workers who have sent between $7,200 – $11,999 will receive an additional duty-free allowance of $ 1,440, while those who have remitted between $ 12,000 – $ 23,999 can get $ 2,400.

The migrant workers who have sent $24,000 or more can get an additional $ 4,800 duty-free allowance.

Nanayakkara said the facility is available through a mobile application operated by the Central Bank, adding that by registering through this app, it is possible to get an additional duty-free allowance based on the amount of dollars they have sent to the country.

Water Board Calls for Water Tariff Hike Amid Rise in Electricity Charges

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The National Water Supply and Drainage Board has announced that it is necessary to increase water tariffs to cover additional costs incurred by the recent hike in electricity charges.

According to Deputy General Manager N.K. Ranatunga, while water tariffs were increased after a decade, they were not revised in line with the January 2023 electricity tariff increase.

Ranatunga highlighted that the Water Board had to bear an extra cost of Rs 4 billion due to the electricity tariff hike and warned that the board cannot continue to bear additional expenses for long.

The announcement comes amid growing concerns over the impact of rising utility prices on households in the country.

Sri Lanka begins commercialization of wonder material, graphene

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By: Staff Writer

Colombo (LNW): Sri Lanka is set to begin commercialization of wonder material, graphene which is extracted from the locally mined world’s best high pure graphite using the latest technology by LOLC subsidiary Tech company in collaboration with a leading global company.

Ceylon Graphene Technologies, a joint venture of LOLC Group and Sri Lanka Institute of Nanotechnology (SLINTEC), has developed this latest technology two years ago with the aim of placing Sri Lanka in the global market for graphene and associated products.

LOLC Advance Technologies Ltd., (LOLC AT), and HydroGraph Clean Power Incorporation, a commercial manufacturer of high-quality graphene, have recently entered into a Letter of Intent (LOI) to commercialize a jointly developed graphene blend that has shown significant improvements in battery performance.

Through a collaborative effort with the Sri Lanka Institute of Nanotechnology (SLINTEC), LOLC AT, holds a controlling stake in Ceylon Graphene Technologies (CGT), through which the group engages in graphene related research, innovations and undertakings over the years.

Under the terms of the LOI, LOLC AT and HydroGraph will work together to scale up production of the graphene blend and bring it to the market.

The partnership will centre on a novel composite graphene blend that improves the charge acceptance of lead acid batteries by 47%.

Sri Lanka is exporting graphite without any value addition at a price of US$3 per kg whereas the value added graphene fetches a price of over $3000 per kg, industry sources said.

Sri Lanka has exported over 5,000 tonnes of graphite up to date. World demand for this product is expected to reach 4.48 million tons in volume and $17.56 billion in terms of value in 2020.

LOLC said with such stellar game-changing results, HydroGraph and LOLC AT agreed to commercialize this product and pursue the lead acid battery market, projected to be worth more than $47 billion by 2030, driven in part by electric vehicle dependency on the product.

The partnership will leverage their expertise in graphene production to accelerate commercialization and drive adoption of the technology.

The blend incorporates a unique combination of graphene and other carbon-based materials, resulting in an electrode with enhanced electrical conductivity, stability and durability.

LOLC AT CEO Danesh Abeyrathne said. LOLC as one of the most diversified multinational conglomerates in Sri Lanka, has been investing in advanced technologies for the past many years.

He expressed the belief that the combined expertise and resources of the two companies will now enable us to scale up production and bring this technology to the market, unlocking its capability to revolutionize the battery industry.”

For over six months, HydroGraph and CGT have collaborated on exploring the potential applications of combining their materials.

Ceylon Graphene Technologies CEO Manju Gunewardene said: “When we were first introduced to HydroGraph’s graphene, we immediately recognized that combining it with CGT Reduced Graphene Oxide (RGO) would result in a unique and enhanced graphene product.

HydroGraph Director/CEO Stuart Jara said: “The work HydroGraph and CGT have done together and the LOI show the power of our strategy, and the importance of leveraging different but complementary competencies that each party brings to the partnership.

SL Navy presents Combat All-Terrain Vehicles to President Wickremesinghe

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The Sri Lanka Navy Marine Corps presented three special Combat All-Terrain Vehicles (CATVs) to President Ranil Wickremesinghe at the Presidential Secretariat on Wednesday, April 27th. The CATVs, produced locally by Ideal Motor Company, are part of the Sri Lanka Navy’s efforts to combat illegal activities, terrorist activities, and smuggling along the country’s coast.

During the presentation, the President was given a demonstration of the CATVs’ capabilities, which are expected to be used to combat various illegal activities and drug trafficking in the Colombo and Mannar areas in the future. The CATVs are currently under the custody of the Sri Lanka Navy.

The event was attended by Senior Advisor to the President on National Security and Chief of Presidential Staff Mr Sagala Ratnayake, Navy Commander Vice Admiral Priyantha Perera, Navy Deputy Chief of Staff and Director General Operations Rear Admiral Pradeep Ratnayake, Director of the Marine Corps Commodore Sanath Pitigala, and other senior officers. The Chairman of Ideal Motors Ceylon Private Ltd Mr. Naleen J. Welgama and several others were also present.

The CATVs were specially designed to operate in various terrains and conditions, making them ideal for combat operations in coastal areas. Their production is part of the Sri Lanka Navy’s efforts to modernize its equipment and improve its capabilities to protect the country’s coastline.

The President expressed his appreciation for the efforts of the Sri Lanka Navy and the Ideal Motor Company in producing the CATVs. He noted that the vehicles would play an important role in ensuring the safety and security of Sri Lanka’s coastal areas.

The presentation of the CATVs marks an important milestone in the Sri Lanka Navy’s efforts to combat illegal activities, terrorism, and smuggling along the country’s coast. The vehicles are expected to enhance the Sri Lanka Navy’s capabilities and contribute to the country’s overall security.

Sri Lanka Original Narrative Summary: 28/04

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  1. Governor of the North-Western Province and ex Navy Commander Wasantha Karannagoda banned from entering the US Soil over alleged human rights abuses during the war season: SL Foreign Ministry raises grave concerns over the decision with the US Ambassador to Sri Lanka.
  2. Labour and Foreign Employment Minister Manusha Nanayakkara says duty free allowance given to Sri Lankan expatriate workers at the Airport will be increased from May 01; asserts a circular was issued in this regard.
  3. Transport and Highways Minister Bandula Gunawardena issues an extraordinary gazette increasing expressway tolls with effect from April 27: Toll for Katunayake-Hambantota – four-wheel to Rs. 1,300 from Rs. 1,000; six-wheel to Rs. 2,350 from Rs. 1,900; heavy vehicles with over six wheels to Rs. 3,950 from Rs. 3,150: Toll for Central Expressway Mirigama-Kurunegala – four-wheel to Rs. 300 from Rs. 250; six-wheel to Rs. 450 from Rs. 350; heavy vehicles with over six wheels to Rs. 700 from Rs. 550: Toll for Peliyagoda-Katunayake – four-wheel to Rs. 400 from Rs. 300; six-wheel to Rs. 550 from Rs. 450; heavy vehicles with over six wheels to Rs. 750 from Rs. 600.
  4. CB Governor Nandalal Weerasinghe presents the Bank’s 73rd Annual Report (2022) to President Ranil Wickremesinghe at the Finance Ministry; projects the country’s economy is expected to shrink by 2% in 2023; adds the economy would grow by 3.3% in 2024: CB’s growth estimate for 2023 said to be more optimistic than the 3.1% contraction projected by the IMF.
  5. President Ranil Wickremesinghe directs the Plantation Reform Committee officials to take immediate action to resolve the prevailing issues in the Plantation Sector; asserts the government is committed to carrying out its agricultural modernisation plan.
  6. The HRCSL urges President not to table the proposed ‘Anti-Terrorism Bill,’ a replacement to the Prevention of Terrorism Act (PTA) in Parliament in its current format until a national dialogue on it is concluded, and its recommendations are published along with a clear action plan.
  7. GOSL plans to bring in fresh amendments to Inland Revenue Act, No. 24 of 2017 in Parliament for approval today; set to raise revenues from the current level of 14-15% of GDP to higher levels of above 20% of GDP matching those of more developed countries, following the context of widening the tax base rather than increasing the rates without adverse impacts on the processes of investment and on living conditions of the low and middle income families:
  8. Ex BASL Chief Saliya Peiris PC says the proposed ATA replacing the existing PTA has no provisions that contribute to the elimination of actual terrorism in the country; slams the Justice Minister for defending the bill under the pretext of it being formulated through a Committee presided by PCs Nerin Pulle and Nalinda Indatissa, claiming that the formulation of the bill involved no stakeholders at all and even the Committee minutes reveal that some of the members expressed objections to certain provisions of the bill that do not comply with international human rights standards.
  9. The Presidential Environment Awards 2021-2022 organised by the Central Environment Authority to be held today under the patronage of President Wickremesinghe: Prime objective is the awarding of state honours to industries, business organisations and individuals who have made an excellent contribution towards environmental conservation.
  10. SL declares their first innings in the second Test against Ireland on 704 for 3, the highest ever at the Galle International Cricket Stadium: The hosts took a lead of 212 as all of their top four batsmen scored centuries, with Nishan Madushka and Kusal Mendis scoring double tons.

Sri Lanka Parliament to vote on IMF agreement

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The Sri Lankan Parliament is set to hold a crucial vote this evening, April 28th, regarding the agreement reached between Sri Lanka and the International Monetary Fund (IMF). The announcement was made by President Ranil Wickremesinghe on Wednesday morning, as he addressed the Parliament on the subject.

The debate on the IMF agreement started on Wednesday, with lawmakers deliberating on the terms and conditions of the deal. The President made a special statement in the Parliament, outlining the details of the agreement and seeking approval from the lawmakers.

The IMF agreement is aimed at boosting Sri Lanka’s struggling economy, which has been hit hard by the COVID-19 pandemic. The agreement includes measures to reduce the fiscal deficit, increase revenue, and promote economic growth.

Following the conclusion of the debate on the agreement, the lawmakers are expected to vote on the matter this afternoon. The outcome of the vote will determine whether or not Sri Lanka will proceed with the IMF agreement.

The IMF agreement has been a subject of intense debate in Sri Lanka, with some lawmakers expressing concerns over its potential impact on the country’s economy. However, the government has maintained that the agreement is necessary to address the current economic challenges facing the country.

As the Parliament prepares for the crucial vote, all eyes will be on the outcome, which is expected to have far-reaching implications for Sri Lanka’s economy.

Weather Alert: Showers or thundershowers expected later today

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The Department of Meteorology in Sri Lanka has warned that several parts of the island can expect showers or thundershowers after 2.00 p.m. The warning indicates that the Western, Sabaragamuwa, and North-western provinces, as well as the Galle and Matara districts, are likely to experience fairly heavy showers of over 75 mm. Showers may also occur in the Eastern province and southern coastal areas during the morning hours.

The Department has advised the public to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

The sea areas around the island will also experience showers or thundershowers in several places. Wind speeds will be south-easterly to easterly around the island, with a speed of 20-30 kmph. The sea areas around the island will be slight to moderate. However, the Department has warned that temporarily strong gusty winds and very rough seas can be expected during thundershowers.

The weather warning is expected to remain in place for several hours and residents are advised to monitor the weather updates from the Department of Meteorology.