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Agripreneurs to foster innovation and drive progressive change in the industry

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By: Staff Writer

Colombo (LNW):Sri Lanka entrepreneurs engaged in agri business have joined hands to enter into a one common platform to foster innovation and drive progressive change in the agriculture industry of the island nation.

As one of the steps of this initiative, the Sri Lanka Agripreneurs’ Forum (SLAF) recently held the Agripreneur Conference 2023, themed “Empowering Agripreneurs for a World of Abundance” at the Hector Kobbekaduwa Agrarian Research & Training Institute (HARTI) in Colombo.

The conference, which was held in collaboration with Hatton National Bank (HNB), the MBA Alumni Association of the University of Colombo (MBAAA), and Daily FT and under the official endorsement of the Ministry of Agriculture.

Over 150 key stakeholders in the agribusiness domain came together to address present-day challenges and seize new opportunities in the sector.

SLAF Chairman Rizvi Zaheed welcomed the participants and highlighted the timely need to conduct such a conference targeting agripreneurs to uplift their skillsets and provide them with insights that could spark progressive action.

The keynote address for the event was delivered by Agriculture Minister Mahinda Amaraweera, who stressed the need to develop a comprehensive agri-policy that does not change with the minister and appreciated the efforts by SLAF to uplift the agribusiness sector through the various initiatives with the government.

For the Agri-Financing Session, Ceylon Chamber of Commerce Former Chairman Rajendra Theagarajah delivered a keynote speech on “The Secrets to Securing Loans, Grants, and Investments.”

This was followed by a panel discussion on “Opportunities Available in Agri-Financing and How to Access Them,” with panellists including Theagarajah, Spice Council of Sri Lanka Founder Chairman Sarada de Silva, and SME Products Head Dr. Niluka Amarasinghe, and Partnerships of Hatton National Bank.

Through the program the participants gained a whole plethora of insights regarding the world of Agri-businesses and the conference served as a platform to facilitate action. The participants got to engage in the exciting Q&A sessions and had the opportunity to network with stakeholders across various calibres attached to the Agribusiness Sector.

In his concluding remarks, SLAF CEO Ruwin Mapa, stated that SLAF is deeply committed to uplifting Sri Lankan Agribusiness through its various initiatives and that such events are to be expected even in the future.

It was also highlighted that all stakeholders of the sector should unite together under the umbrella of SLAF in order to catalyse this change and he urged all Agri-related stakeholders to join hands with SLAF to achieve this common objective.

SL to build largest logistics complex in S. Asia with US$ 392 mn investment

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By: Staff Writer

Colombo (LNW): China Merchant Port Holdings (CMPort) is to enter into an agreement with Sinopec to set up bunkering operations in Sri Lanka by building the largest logistics complex in S. Asia with US$ 392 mn investment.

The Company is the largest oil and petrochemical products supplier and the second-largest oil and gas producer in China.

Agreements for the construction and operation of the South Asia Commercial and Logistics Hub (SACL) as a 50-year Build Operate-Transfer (BOT) project were formally signed in Colombo by the representatives of the three investing entities.

Accordingly, China Merchants Port Holdings (CMPort) holds a 70% stake of the 50-year Build Operate-Transfer (BOT) project.while Sri Lanka Ports Authority (SLPA) and Access Engineering PLC (Access) each hold a 15% stake in the venture/

A Public Private Partnership (PPP) project, the South Asia Commercial and Logistics will be built in the centre of the Colombo Port and will have 530,000 CBM of storage capacity via an eight-floor building.

The investment in the project is expected to bring in much-needed foreign investment into Sri Lanka.

The construction of the complex is expected to begin in the second half of 2023 with a target of completion by the end of 2025.

Adjacent to Port City and the CBD, it will be directly linked with the airport via the Port Access Elevated Highway.

The five million square foot complex will offer the full gamut of logistics related facilities and services such as Less than Container Load (LCL), Multi-Country Consolidation (MCC), Container Freight Station (CFS), general warehousing and various other value-added services.

A Spokesperson for CMPort said the project will result in an infusion of US$ 126 million in addition to an upfront payment of US$ 26 million after the agreement is signed.

The project is also expected to provide direct employment to a minimum of 1,800 people and create 10,500 other indirect job opportunities.

The project aligns with Sri Lanka’s national development strategy to transform the country into a major logistics centre, identified as a key sector and a driving force for economic development in the National Policy Framework (NPF) 2019.

It will provide better logistics and warehousing facilities and services, enhancing the Port’s competitive advantage and consequently strengthening its Hub status.

The project will also improve the operational efficiency of the Port of Colombo and introduce leading-edge technology and innovation.

The Port of Colombo is currently ranked among the top 13 ports in the world in terms of shipping network connectivity.

Additionally, since the Port of Colombo was declared as a Freeport by the Government of Sri Lanka, the project will enjoy the associated Freeport advantages in its operations, such as no customs clearance for transshipment and MCC cargo, resulting in reduced paperwork and associated costs.

AL Exam answer scripts: FUTA to make final decision today

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By: Isuru Parakrama

Colombo (LNW): The Federation of University Teachers (FUTA) is set to hold a special discussion today (25) in making a final decision on their commitment to the evaluation of the answer scripts of the G.C.E. Advanced Level Examination.

Consequential to their decision, the government should also intervene to provide an immediate solution to the issue, Sr. Prof. Charudaththe, Media Spokesperson for the FUTA, said.

Meanwhile, Secretary of the Ceylon Teachers’ Union (CTU) Joseph Stalin said it would be problematic that the government has taken steps to evaluate answer scripts of certain subjects with no contribution from university teachers.

Sri Lanka Tourism begins three city roadshow series in India

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By: Staff Writer

Colombo (LNW): In the wake of ever increasing numbers of visiting Indian travellers becoming the leading source market of the island, Sri Lanka tourism continues its promotion campaign in the neighbouring friendly country with a new vigor.

Island nation is now venturing into a series of Road Shows in key Indian cities commencing from from yesterday in Chennai to the 28th April 2023.followed by Cochin (26 April) and finally at Bangalore (28 April).

Sri Lanka is witnessing a considerable increase in tourist arrivals with India leading the way and securing the number one position with over 13,000 Indian travelers visiting the country recently.

It has attracted over 80,000 Indian tourists’ into the country so far and it is expected to double these numbers by 2023.

Experts attribute this growth to the improving relations between India and Sri Lanka, as well as the increasing availability of direct flights between the two countries.

Alliance Air announced the launch of new direct flights between Chennai and Jaffna in December last year,similarly, Vistara, a joint venture between Tata Sons and Singapore Airlines, started direct flights between Colombo and Mumbai from March this year.

Chairman of Sri Lanka Tourism Development Authority (SLTDA), Priyantha Fernando said Authorities had allowed tourists to bring up to 10,000 Indian rupees and spend the money in Sri Lanka.

In addition, the two countries have been exploring ways to promote digital transactions using UPI which could further enhance confidence among Indian tourists.

The Sri Lanka Tourism Road Show also focuses on promoting a myriad of tourism experiences while focusing on converting potential travellers to make bookings and highlighting the positive message that Sri Lanka is open for Leisure, Business and MICE tourism.

The target audience at these roadshows will be Tour Operators, Media, Key Influencers, Corporates, Trade Associations and key Tourism Industry stakeholders in India,

These Industry stakeholders have the ability to take the message that Sri Lanka is not only one of the most beautiful countries with an amazing range of destinations and products, but is also safe and secure.

A delegation of over 30 Sri Lankan Travel Agencies and hotels are participating at this event, with the delegation being led by Tourism Minister Harin Fernando,

Many industry stakeholders have supported this endeavour including Sri Lankan Airlines and Indigo. Each roadshow will include B2B Sessions facilitating numerous discussions followed by an Evening Networking event which will also help to improve business partnerships.

A touch of glamour will be added to these events with the participation of celebrities such as Cricket legend Sanath Jayasuriya. A dancing troupe specially flown in for this event will showcase Sri Lankan rich heritage of performing arts.

During the Roadshows, the Minister of Tourism is expected to meet several high-profile Business Leaders, Tourism Stakeholders and Corporates while engaging in several media interviews with leading Indian media houses.

Easter Carnage: Public Security Minister hands over PCoI report to Catholic Church

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By: Isuru Parakrama

Colombo (LNW): Public Security Minister Tiran Alles has handed over the complete report of the Presidential Commission of Inquiry appointed to probe the Easter Sunday Massacre to the Catholic Church.

Accordingly, the complete PCoI report has been handed over to the Chairman of the Catholic Bishop’s Conference, Rev. Fr. Harold Anthony Perera.

Cabinet approves amendment for SLBFEA

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By: Isuru Parakrama

Colombo (LNW): The Cabinet has approved the amendment proposed for the Sri Lanka Bureau of Foreign Employment Act, announced Cabinet Spokesman Minister Bandula Gunawardena speaking at the briefing held in announcing Cabinet decisions this (25) morning.

Accordingly, the Legal Draftsman has been instructed to prepare an Amendment Bill, making the SLBFEA No. 21 of 1985 more adaptable and relatable to the current requirements.

Japan with UNDP provides USD 3.8 million to support improvement of women’s economic well-being for smallholder farmer families in SL

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On 24th April, Prime Minister Dinesh Gunawardena, H. E. Mr. Mizukoshi Hideaki, Ambassador of Japan to Sri Lanka and Ms. Azusa Kubota, Resident Representative, UNDP Sri Lanka, launched the 2 new livelihood projects that address the economic crisis in Sri Lanka at Temple Trees.

The ongoing socio-economic crisis has had serious impacts on the agricultural sector in Sri Lanka. The rising energy costs and evolving climate change impacts have further exacerbated due to the situation. In response, the Government of Japan through the United Nations Development Programme (UNDP) in Sri Lanka, will provide approximately LKR 1,175 million (approx. USD 3.8 million) to support vulnerable smallholder farming families in the Dry Zone districts, namely North-Central, North-Western and Eastern Provinces, with a focus on women’s economic empowerment and adoption of green agricultural technologies.

Funded by the Japanese Supplementary Budget (JSB) and working together with the Government of Sri Lanka and relevant stakeholders, the intervention aims to achieve its objectives through two projects; the first focusing on diversifying livelihoods and introduce entrepreneurship programmes, targeting women-led MSMEs. The second aims to strengthen energy and food security, through the revival of the rural agricultural economy by providing access to innovative markets, value and supply chain improvements along with the adoption of modern, green agricultural technologies which will increase productivity and efficiency.

A total of 58,000 women and youth will directly benefit from these projects, while indirectly impacting over 132,000 vulnerable community members from the North-Central, North-Western and Eastern Provinces of Sri Lanka.

To mark the beginning of these projects and to recognize the Government of Japan’s support to the interventions, a launch event was held today with the participation of Prime Minister Gunawardena, H.E. Mizukoshi Hideaki, Ambassador of Japan to Sri Lanka, Ms. Azusa Kubota, Resident Representative, UNDP Sri Lanka, Mr. Tetsuya Yamada, Chief Representative of JICA in Sri Lanka, Hon. Mahinda Amaraweera, Minister of Agriculture, Wildlife and Forest Resources Conservation, Hon. Kanchana Wijesekera, Minister of Power and Energy, senior government officials and development partners.

Gracing the occasion, Prime Minister stated, “Government of Sri Lanka appreciates the continuous support extended by the Government of Japan and the United Nations Development Programme towards country’s efforts to recover from the socioeconomic crisis. We believe this is a significant step towards creating a food and energy secure Sri Lanka, both vital sectors to the fabric of the country’s economy.”

Highlighting Japan’s commitment to the people of Sri Lanka in crisis recovery efforts, Ambassador Mizukoshi, Ambassador of Japan to Sri Lanka stated, “Japan has been working together with the Government of Sri Lanka and relevant UN agencies for economic and social empowerment of women in Sri Lanka, including the formulation of National Action Plan for Women, Peace and Security. These new projects will provide for practical means to uplift lives of vulnerable communities. Especially, we recognize the special needs of women-headed household in conflict-affected areas. It is a great opportunity to create positive synergy with UNDP’s expertise and JICA’s technical assistance for supporting livelihood and vulnerable communities.”

Commenting on the role of UNDP in bringing together stakeholders and facilitating such processes in times of need, Ms. Azusa Kubota, Resident Representative, UNDP in Sri Lanka stated, “these are times when multiple-solutions through multiple-partnerships are required because we are faced with compounding and complex challenges. I am grateful for the commitments demonstrated by a wide range of actors present today. We must join hands to address the needs of the most vulnerable and affected segments of the society – particularly women-headed households. And investing in them will have visible, long-term benefits for the families and communities.”

Govt to sponsor the 73rd ‘Upasampada Vinaya Karma’ Festival of the Sri Lanka Rāmañña Maha Nikāya

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PMD: President Ranil Wickremesinghe stressed that the 73rd Upasampada Vinaya Karma festival of the Sri Lanka Rāmañña Maha Nikāya will be fully sponsored by the state.

The President stated that the government is obligated to safeguard Buddhism, and that the government is aiming to strengthen all sects led by the Bhikkhu community.

President Wickremesinghe made this comment while addressing the discussion on the preparations for the ’73rd Upasampada Vinaya Karma’ festival of the Sri Lanka Rāmañña Maha Nikāya at the Presidential Secretariat yesterday (24).

This ‘Upasampada Vinaya Karma’ Festival, which is held every two years, will be held from July 21st to July 27th at the Sudu Ganga Udakukkhepa Seema Malakaya connected to the Mahaweli River and centred around the Purijjala Sri Sanghabodhi Pirivena in Matale, with President Ranil Wickremesinghe scheduled to attend the opening ceremony in keeping with tradition.

The Rāmañña Maha Nikāya began on June 13, 1863, with the Upasampada Vinaya Karma Festival held at the Galle River Udakukkhepa Seema Malakaya, and the Upasampada Vinaya Karma Festival, which lasted for 160 years, was totally state sponsored. The first Chairman of the Sri Lanka Rāmañña Maha Nikāya Nikayarakshasa Sabha was the late Mahamanya D. S. Senanayake.

Two-hundred Samanera (novice monks) will receive higher ordination (Upasampada) during the 73rd Upasampada Vinaya Karma Festival on July 21st at the Sudu Ganga Udakukkhepa Seemamalakaya in Matale.

The next discussion regarding the organizing of this year’s Upasampada Vinaya Karma Festival will be held on May 18 at the Matale District Secretariat, and the President’s Secretary, Mr. Saman Ekanayake, instructed the authorities to present the progress of the tasks assigned to all government institutions.

The President’s Secretary advised the relevant officers to be in contact with the President’s Office and instructed the officials to take all necessary action to ensure the success of this event.

The Chief incumbent of Sri Lanka Rāmañña Maha Nikāya Venerable Makulewe Sri Wimala Thera, Venerable Anunayakes of the Rāmañña Maha Nikāya including Venerable Matale Dhammakusala Thera, Venerable Nadagamuwe Wijayamaithri Thera, , Minister of Buddhasasana , Religious and Cultural Affairs Vidura Wickramanayake, Minister Ramesh Pathirana, State Ministers Lasantha Alagiyawanna, Janaka Wakkambura, Ashoka Priyantha, Chairman of the Rāmañña Maha Nikāya Sabha Deshbandhu Karu Jayasuriya, Treasurer Mervin Gunawardena, Senior Vice President Kesara Lal Gunasekara and Defence Ministry Secretary General Kamal Gunaratne (Rtd), Ministerial secretaries and government officials, Army Commander Lt. Gen. Vikum Liyanage and representatives of the security forces participated in this discussion.

Govt to commence provision of relief to two million families from July

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By: Isuru Parakrama

Colombo (LNW): The government is set to commence the provision of welfare benefits to about two million families from July 01, 2023 within specified time frames, announced State Finance Minister Ranjith Siyambalapitiya.

The government’s welfare programme has recognised families in Sri Lanka under categories ‘extremely poor’, ‘poor’, ‘endangered’ and ‘transitional’, for the implementation of this distribution.

Accordingly, 400,000 families recognised under ‘extremely poor’ category will be provided a monthly subsidy of Rs. 15,000 for a period of three years.

About 800,000 families recognised under ‘poor’ category will receive a monthly subsidy of Rs. 8,500 for three years.

About 400,000 families under ‘endangered’ category will receive a monthly benefit of Rs. 5,000 till March 31, 2024.

Another 400,000 families under the ‘transitional’ category will receive a monthly subsidy of Rs. 2,500 till December 31, 2023.

Minister Siyambalapitiya added that Parliament has the power to increase period during which these benefits are provided to the said families and the number of families included in it.

Heat index advisory hits 18 districts; heavy showers above 50mm likely to occur

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By: Isuru Parakrama

Colombo (LNW): The heat index advisory happens to strike at some places in Western, North-Western, Northern, North-Central and Eastern Provinces and Moneragala, Ratnapura and Hambantota Districts on a ‘caution’ level, announced the Department of Meteorology.

Meanwhile, showers or thundershowers will occur at several places in Sabaragamuwa, Central, North-Central, Uva and North-Western provinces and in Trincomalee and Mullaitivu districts during the afternoon or night, and fairly heavy showers above 50mm are likely at some places, announced the Department of Meteorology said in its weather report today (25).

Showers or thundershowers will occur at a few places elsewhere during the afternoon or night.

Showers may occur in Galle and Matara districts during the morning too.

General public is kindly requested to take adequate precautions to minimise damages caused by temporary localised strong winds and lightning during thundershowers.

Marine Weather:

Condition of Rain:
Showers or thundershowers will occur at several places in the sea areas off the coast extending from Puttalam to Matara via Colombo and Galle. Showers or thundershowers may occur at a few places in the other sea area around the island during the night.
Winds:
Winds will be south-easterly over sea area around the island and wind speed will be (20-30) kmph.
State of Sea:
The sea areas around the island will be slight to moderate. Temporarily strong gusty winds and very rough seas can be expected during thundershowers.