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Red Bull co-founder and billionaire Dietrich Mateschitz dies aged 78

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Red Bull co-founder and billionaire Dietrich Mateschitz dies aged 78

Considered to be the richest man in Austria, the entrepreneur built a global empire around the energy drink Red Bull.

Dietrich Mateschitz, the Austrian billionaire co-founder and owner of Red Bull, has died aged 78 after a serious illness with cancer.

Considered to be the richest man in Austria, the entrepreneur built a global empire around the energy drink.

Mr Mateschitz’s fortune is estimated at around €25bn (£21.8bn), putting him 51st on Forbes’ list of the world’s richest people.

Formula 1 praised his “unforgettable contribution” to the sport and said he leaves behind a “lasting legacy”.

Little is known about Mr Mateschitz’s private life – he was publicity shy and rarely gave interviews.

He lived in Salzburg with his long-term girlfriend and once said years ago that he drank 10 to 12 cans of Red Bull a day.

After graduating from the University of World Trade in Vienna, he worked as a marketing specialist for various companies in the 1970s.

On his business trips to Asia, he got to know the market of energy and stimulant drinks, which at the time were still completely unknown in Europe and the US.

In 1984, together with Thai entrepreneurs, he founded Red Bull GmbH, in which he held a 49% stake.

After modifying the recipe of a Thai energy drink and developing a marketing concept, Red Bull was introduced to the market in 1987.

The bubbly, carbonated, sweet drink, whose taste is described as similar to that of gummy bears, rose to become the global market leader after a difficult market entry.

The group achieved a turnover of €7.8bn (£6.8bn) in 2021 and sold 9.8 billion Red Bull cans worldwide.

Red Bull’s other co-founder, Chaleo Yoovidhya, died in 2012 at the age of 88.

Mateschitz was the founder and owner of Red Bull Racing, a Formula 1 racing team based in Milton Keynes.

News of his death emerged just before qualifying at the United States Grand Prix, and Red Bull team principal Christian Horner told Sky Sports News they were determined to “do our best for him” during this weekend’s races.

He added: “It is very, very sad. What a great man. We are just incredibly grateful for him and everything he has done, everything he has supported us with over the years and so many drivers, so many team members, so many people in this pitlane owe him so much.

“It is important that we celebrate and recognise the contribution that he has made. Quite a remarkable man, an inspiration, and one that we owe a huge amount.”

Sky News

Report proposing the restructuring of CEB to be tabled soon

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Report proposing the restructuring of CEB to be tabled soon

The report issued by the Committee appointed to tender recommendations on the restructuring of the Ceylon Electricity Board (CEB) has been received by the Power and Energy Ministry and will be handed over to the President and the Cabinet soon, Subject Minister Kanchana Wijesekara said.

The Minister further revealed that the recommendations will be tabled in Parliament in November.

The Committee comprised of 08 members appointed to tender recommendations on the restructuring of the CEB was appointed on August 05, 2022.

The said Committee during the previous period had engaged in its affair of preparing the report and had even collected the opinions of former Power Ministers and political party members at the Parliamentary complex on September 08, 2022, Wijesekara added.

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Sub-Committee on National Policy advises to prepare system to utilise digital technology to attract investors

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Sub-Committee on National Policy advises to prepare system to utilise digital technology to attract investors

National Council Sub-Committee on identifying short and medium-term programmes related to National Policy looks into the future plans of the Board of Investment (BOI) of Sri Lanka to promote investments in the country.

National Council sub-committee on identifying short and medium-term programmes related to National Policy to into discussion the future plans prepared by the BOI to popularise Sri Lanka as a suitable country for investments and to promote entrepreneurship and investments in Sri Lanka.

This was taken into discussion at the Sub-Committee meeting held three day ago (20) chaired by Ruling Party MP Namal Rajapaksa.

Thus, in order to encourage entrepreneurship and investment, the short-term, medium- term and long-term plans of the Board of Investment of Sri Lanka were discussed.

Furthermore, proposals and views of the board were obtained pertaining to labour law and other laws.

Also, the sub-committee advised the BOI on preparing a system to obtain the approvals to be obtained by the investors and interested parties from one place using digital technology.

The Committee Chief Rajapaksa said that a series of long-term policies prepared for the promotion of investments in Sri Lanka will be presented to the National Council after obtaining the views of the BOI and related stakeholders.

MPs Johnston Fernando and Sagara Kariyawasam, and BOI officials were also present at this sub-committee.

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Police seize group attempted to illegally migrate to Australia

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Police seize group attempted to illegally migrate to Australia

Habaraduwa Police this (23) morning have seized about 45 people who were allegedly attempting to migrate to Australia via sea, while staying in a hotel in Unawatuna.

With the help of the Sri Lanka Navy, the group accused of illegal migration were sized by the Police, and among them are 33 men, seven women and three children. All of them are said to be residents of Jaffna.

The group had stayed in different places for about a month and later travelled to Unawatuna, Galle, on a five day trip waiting for migration.

Earlier, Australia sent back 183 people of Sri Lankan nationality who had been seeking asylum.

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Independent Commissions end term!

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Independent Commissions end term!

With the passing of the 21st Amendment to the Constitution, the independent commissions operated up to that point end their official term, said Minister of Justice, Prisons Affairs and Constitutional Reforms Wijedasa Rajapaksa.

Accordingly, new members will be appointed to the Constitutional Board within the next two weeks, and new members will be appointed to the independent commissions within the two weeks after, he added.

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SJB wins Hinidumpaththuwa Cooperative Election overthrowing a 20-year-old SLFP/SLPP rule

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SJB wins Hinidumpaththuwa Cooperative Election overthrowing a 20-year-old SLFP/SLPP rule

The Samagi Jana Balawegaya (SJB) has won the election at the Cooperative Society of Hinidumpaththuwa, Galle – Hiniduma, overthrowing a 20 year old rule of either the Sri Lanka Freedom Party (SLFP) or the Sri Lanka Podujana Peramuna (SLPP).

Out of 99 member seats, the SJB has secured 52 seats and it has gained 31 divisions out of 36 of the area.

As of now, about 98 per cent of Cooperative Society Elections across the country has been won by the SJB.

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School children granted opportunity to observe Parliament debates

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School children granted opportunity to observe Parliament debates

The Committee on Parliamentary Business two days ago (21) granted approval to the proposal presented by Narendra Fernando, Serjeant-at-Arms of the Parliament of Sri Lanka, to give school children the opportunity to visit Parliament and observe debates on the days Parliament is in session.

Accordingly, school children have the opportunity to observe the Parliament debates live from the public gallery from the Parliament Chamber.

Restrictions on visiting Parliament due to the Covid-19 pandemic and security reasons, were eased from last September 20th, but the opportunity was not made available on days when Parliament is in session.

Accordingly, school authorities can apply by way of forwarding a letter to the Serjeant-at-Arms, via fax (0112777473/ 0112777335) or online through the website www.parliament.lk

President as a ‘philanthropic democratic’ leader set a great example to world: Chancellor of Ruhuna University

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President as a ‘philanthropic democratic’ leader set a great example to world: Chancellor of Ruhuna University

The President as a philanthropic democratic leader has set a great example to the world – Chancellor of the Ruhuna University, Ven. Dr Akuratiye Nanda Thera

As a democratic leader, President Ranil Wickremesinghe has set a valuable example to the world by passing the 22nd Constitutional Amendment, said Ven. Akuratiye Nanda Thera, Chancellor of the Ruhuna University.

He said during a sermon of the Katina Maha Punyotsavaya of the Sedawatta, Veragoda Purana Viharaya, which was held this morning (22) under the patronage of President Ranil Wickremesinghe.

He also noted that this action taken by the president to relinquish the dictatorial powers of the presidency to the parliament will surely lead to the development of the country.

This annual Katina Pinkama was organized on the directives of Ven. Ambanwela Gnanaloka Thera, the Chief Incumbent of the temple.

The Katina Cheevaraya was brought to the Presidential Secretariat yesterday (21) in a procession and placed there for the staff members of the Presidential Secretariat to pay their respects.

President Wickremesinghe participating in the Katina Pinkama rituals this morning, also took part in the Katina Cheevara Pooja and offered almes to the monks.

Ven. Akuratiye Nanda Thera further said, “Today, President Ranil Wickremesinghe is respected globally as a benevolent democratic leader. Today the whole world is watching us.

It is a very important process at a time when the President is preparing to start a new era in this country, by transferring his powers to the Parliament in a democratic framework and having the 22nd Amendment passed by a 2/3 majority. It is very important because all the democratic institutions such as the International Monetary Fund, World Bank etc. are watching us today.

By February and March of 2022, the future of this country was looking bleak. The people of the country were in a dilemma. At that challenging time, our President rose to the challenge and accepted it with the will the blessings of the ruling party and the opposition.

During that time the country was facing food shortages, food production was reduced due to the lack of fertilizer. There were fuel queues and gas queues. However, President Wickremesinghe took on all these challenges and won and today the people of this country have been given some relief.

Further, due to the constitutional amendment passed by the majority vote in parliament, it has paved the way to ensure a democratic society and by empowering the parliamentary committees, it has paved the way to render great service to the nation. Today, a number of organizations including the International Monetary Fund and the World Bank have promised the President to support Sri Lanka in overcoming these challenges.

We are all passing a very difficult period. However, when we look at our past, these are not novel situations. During the rule of King Walagamba, due to the arrival of Baminithiyasaya, the Buddha sasanaya was under threat. But, just as the country was saved then by the grace of the Triple Gem, the country will be saved even now. President Ranil Wickremesinghe has accepted the challenge of taking this country out of this dire predicament, which is like the silver lining of a dark cloud. Therefore, the people can now breathe a sigh of relief.

It is because of the support of those people who were in the opposition party for a long time that today, the President is being admired by everyone and is working as the president of this country.

This action taken by him by decentralizing the dictatorial powers of the presidency and giving it to parliament, will undoubtedly lead to the development of this country.

Also, our president is a very religious person and an avid reader. A person who lives according to the Dharma, he devotes 18 hours of the day for the country, his service to the country must be appreciated. I wish the President good health.”

‌The Maha Sangha led by the Chief Prelate of the historical Somavathi Rajamaha Viharaya and the registrar of the Malwatu Temple, Ven. Pahamune Sumangala Thera, Ven. Palpola Vipassi Thera, the Chief Sanghanayake of Japan, State Minister Prasanna Ranaweera, former Minister Daya Gamage, former State Minister Anoma Gamage and other dignitaries from the area and a group of devotees including the Donor Council of the Viharaya were present on this occasion.

PMD

Timetable for Grade 05 Scholarship Exam changed from 2022

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Timetable for Grade 05 Scholarship Exam changed from 2022

The timetable for the Grade 05 Scholarship Examination will change effective from 2022, said the Department of Examinations.

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Tourism State Minister reveals a mega musical concert with Indian artists on the way (VIDEO)

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Tourism State Minister reveals a mega musical concert with Indian artists on the way (VIDEO)

A mega musical concert will be held with artists from Bangalore, India in Sri Lanka in a move to promote the island nation’s tourism sector and recover the dollars lost, said State Minister of Tourism Diana Gamage, speaking to a briefing held at the Department of Government Information yesterday (22).

“The initial launch will be in Bangalore on the 12th of next month. That being said, there will be a cricket match between our artists and artists from Bangalore. Its second phase will be held in Sri Lanka. In Sri Lanka, we are hoping to hold the event in Jaffna on December 08. We have already reserved the Dureiappa Stadium in Jaffna in this regard. A mega musical concert will be held in Jaffna,” Gamage revealed.

The Minister continued: “The concert will be held in a collaboration between our singers and singers from their country. A massive crowd will come from India to witness the event. We are doing all these to recover the dollars we lost.”

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