Home Blog Page 550

Cabinet Approves Establishment of ‘Clean Sri Lanka’ Fund and Presidential Task Force

0

December 04, Colombo (LNW): TThe Cabinet of Ministers has approved the establishment of the ‘Clean Sri Lanka’ Fund and a Presidential Task Forceto oversee its implementation, according to Cabinet Spokesman and Mass Media Minister Dr. Nalinda Jayatissa.

Speaking at this week’s Cabinet briefing, Dr. Jayatissa outlined that Sri Lanka is currently grappling with challenges across economic, political, social, spiritual, and environmental sectors. The ‘Clean Sri Lanka’ initiative, conceived as a national mission, aims to address these issues while promoting reconciliation, progress, and the overall well-being of the nation.

Aligned with the new government’s vision of “A Prosperous Country, a Beautiful Life,” the programme focuses on fostering social, environmental, and ethical rejuvenation.

The proposal, presented by the President, includes:

  • Implementing the initiative through the Presidential Secretariat.
  • Establishing a Presidential Task Force to lead the programme.
  • Creating the ‘Clean Sri Lanka Fund’ under the Ministry of Finance, Planning, and Economic Development.

The fund will be managed by a Board of Governors to ensure the financial resources are effectively utilized to achieve the programme’s objectives.

Cabinet Approves Drafting of Bill to Facilitate New Nominations for Local Government Elections

0

December 04, Colombo (LNW): TThe Cabinet of Ministers has approved the drafting of the Local Government Elections (Special Provisions) Bill to enable the withdrawal of nominations submitted for the 2023 Local Government (LG) Elections and initiate a fresh nomination process.

Speaking at a Cabinet briefing yesterday (3), Cabinet Spokesman Dr. Nalinda Jayatissa stated that the decision to draft the bill was initially made during the Cabinet meeting held on September 2, 2024.

This decision aligns with an agreement reached at a party leaders’ meeting on November 25, chaired by the Speaker and attended by leaders of recognised political parties, where it was agreed to revoke the 2023 nominations and call for new ones.

Following this consensus, the Cabinet approved a proposal by the Minister of Public Administration, Provincial Councils, and Local Government to instruct the Legal Draftsman to prepare the required legislation. The proposed bill will grant the Election Commission the authority to withdraw previous nominations and initiate a new nomination process for the upcoming elections.

Dr. Jayatissa highlighted that the measure aims to safeguard voters’ rights and create more opportunities for youth participation in the electoral process by encouraging fresh nominations.

South Asia Agri Forum 2025 to Be Held in Colombo

0

December 04, Colombo (LNW):The Bharat Subcontinental Agri Foundation (BSAF) is set to host the South Asia Agri Forum 2025 from January 15-16 at the Shangri-La Hotel in Colombo, Sri Lanka. This significant event will focus on the evolving dynamics of pulses, grains, dry fruits, and spices in South Asia.

The forum will bring together key stakeholders, industry experts, and representatives from prominent organizations, including the National Agricultural Cooperative Marketing Federation of India (NAFED)Wheat Products Promotion Society (WPPS)All India Roller Floor Millers Association, and Uttar Pradesh Floor Millers Association.

As South Asia’s agricultural sector experiences rapid growth driven by rising domestic demand and increasing export potential, the forum offers exporters an opportunity to explore market trends, regulatory updates, and advancements in technology. With a comprehensive agenda featuring expert panels, trade exhibitions, and B2B meetings, the event aims to address challenges and opportunities in the agri-commodity trade.

Participating in the South Asia Agri Forum not only broadens your market reach but also positions your business at the forefront of the region’s agri-commodity trade. The industry participants can connect with key stakeholders and drive their export growth in one of the most promising markets globally,” said Vivek Agarwal, Managing Director of BSAF.

The 2024 edition of the forum was held in Bangkok, Thailand, and the 2023 edition took place in Kathmandu, Nepal. The Bangkok summit attracted over 1,000 delegates from nearly 50 nations, underscoring the forum’s international significance.

Indian investors and businesses closely monitor emerging opportunities in Sri Lanka 

0

As Sri Lanka navigates its economic recovery, Indian businesses are keenly observing emerging investment opportunities. Dr. Naresh Bana, Vice Chairman of the Indo-Sri Lanka Chamber of Commerce and Industry (ISCCI), sheds light on the evolving dynamics of bilateral trade, investment trends, and joint ventures between the two nations.

Indian investments in Sri Lanka’s tourism sector, despite the strong ties in this area, remain cautious. Dr. Bana attributes this to the reliance on credible data and financial prudence by Indian investors, alongside Sri Lanka’s credit rating challenges shaped by global financial institutions. However, bilateral trade continues to flourish, with India remaining a key trading partner.

Sri Lanka’s recent economic reforms, including the introduction of municipal bonds, Real Estate Investment Trusts (REITs), and SME listings, aim to attract diverse investments. While these initiatives have potential to spur economic growth, Indian investors are taking a wait-and-watch approach, seeking consistent data to make informed decisions.

The ISCCI plays an instrumental role in strengthening economic ties between the two nations. By facilitating bilateral trade, fostering industry connections, and disseminating policy information, the Chamber creates an enabling environment for Indian businesses. It also supports Sri Lankan enterprises in establishing a presence in India, further enhancing mutual economic interdependence.

A promising avenue for collaboration lies in the Blue Economy. With vast coastlines and shared marine resources, the two nations can cooperate in Marine Domain Awareness (MDA), fisheries, offshore energy, maritime trade, tourism, and marine research. Dr. Bana emphasizes that joint efforts in these areas could yield significant economic and ecological benefits, enhancing regional stability and growth.

One notable success story is the Adani Group’s $442 million wind power project in Sri Lanka, a landmark in Indo-Lankan energy cooperation. The project highlights Sri Lanka’s renewable energy ambitions and the potential for the country to emerge as a net energy exporter. Additionally, the venture is expected to stimulate ancillary industries, reduce energy dependency, and strengthen economic resilience.

India’s ‘Neighborhood First’ policy has cemented its role as Sri Lanka’s largest trading partner, with bilateral trade surpassing $5 billion in 2023. This policy has facilitated development aid, credit lines, and infrastructure investments. Indian conglomerates like Tata Group, Bajaj, Airtel, and Indian Oil have established a significant presence in sectors such as telecommunications, automotive, energy, and financial services. 

Meanwhile, ITC Hotels and Adani Group’s investments in tourism and infrastructure underline the growing depth of the partnership.

 Looking ahead, the Economic and Technology Cooperation Agreement (ETCA) is expected to further enhance trade and economic collaboration. Dr. Bana underscores the agreement’s potential to open new avenues for investment and technology sharing.

As Sri Lanka rebuilds, Indian businesses and institutions like ISCCI are poised to play a pivotal role in fostering sustainable growth. By leveraging shared strengths in energy, trade, and the Blue Economy, 

Indo-Lankan relations hold immense promise for regional prosperity. Dr. Bana concludes with optimism, emphasizing that mutual trust and strategic investments will drive collective growth, cementing a prosperous future for both nations.

E-Passport Procurement Faces Legal and Ethical Scrutiny amidst tender issues 

0

Sri Lanka’s National Procurement Commission (NPC) is investigating allegations of irregularities in the previous government’s tender process for procuring five million electronic passports (e-passports) for the Department of Immigration and Emigration (DIE). 

The investigation, announced by the Attorney General’s (AG) office, is linked to a petition by Epic Lanka Private Limited, challenging the decision to award contracts to foreign companies for 750,000 regular and 5 million electronic passports.

Additional Solicitor General Sumathi Dharmawardena informed the Court of Appeal that the NPC would submit its observations within a week, requesting an update date for the case. President’s Counsel K. Kanageeswaran, representing some defendants, urged the court to reconsider an injunction against passport procurement. The case is now set for January 23, 2025.

The initial tender aimed to outsource the printing of five million e-passports over ten years using a Public-Private Partnership (PPP) model. However, this was canceled following a ministerial proposal arguing the sufficiency of existing DIE infrastructure. A new tender, focusing solely on purchasing passport booklets for DIE’s in-house printing, resulted in Thales and Just in Time Technologies (JIT) being awarded the contract.

Despite the revised procurement, the DIE mandated online-only applications, reducing daily applications from 3,000 to 800, causing public backlash and significant revenue losses. While this approach aimed to manage limited stocks of machine-readable passports (MRPs) until the e-passport rollout in 2025, it sparked widespread dissatisfaction.

Concerns over compliance have emerged as Thales and JIT have reportedly claimed the current DIE infrastructure is inadequate for printing e-passports. They proposed a new setup, including printing services at a fee per passport, which deviates from the original tender. This proposal necessitates a Rs. 1.5 billion investment in new infrastructure and bypasses tender requirements, raising ethical questions about government procurement policies.

Further controversy surrounds the lack of adherence to tender conditions. The contract required bidders to ensure biometric passport production using existing DIE infrastructure while adhering to International Civil Aviation Organization (ICAO) standards. Thales and JIT, however, demand additional purchases, including a Public Key Infrastructure (PKI) system, without open tendering. The Ministry of Public Security recently sought Cabinet approval for these purchases, exacerbating concerns about transparency and cost overruns.

Sri Lanka’s transition to e-passports, long delayed, promises enhanced security with personal details embedded in electronic chips. However, the associated costs, procedural violations, and inadequate planning are drawing parallels to a controversial visa outsourcing deal that inflated fees for inbound tourists. Critics argue that these lapses undermine public trust and increase financial burdens.

The immediate need to address public dissatisfaction and procurement irregularities looms large. As the NPC investigation unfolds, the focus remains on whether Sri Lanka can balance modernizing its passport system with ensuring fiscal responsibility and adherence to procurement guidelines.

Renewable Energy Projects Report Submitted to Power and Energy Ministry

0

December 04, Colombo (LNW): A detailed report on renewable energy projects proposed for implementation has been submitted to the Ministry of Power and Energy by a government-appointed committee.

According to Professor Udayanga Hemapala, Secretary to the Ministry, the report was compiled after an in-depth study of approximately 40 projects. It includes several recommendations for their implementation, which will now be presented to the Cabinet for review.

Further steps toward implementing these projects will depend on the Cabinet’s decision. The Ministry highlighted that under the provisions of the new Electricity Act, renewable energy projects must begin by June next year, or they will be rendered invalid.

The projects outlined in the report are anticipated to collectively contribute over 250 megawatts of electricity to the national grid.

Ministry of Defence Tightens Regulations on Firearm Issuance to Civilians

0

December 04, Colombo (LNW): The Ministry of Defence has announced a decision to limit the issuance of firearms to civilians, restricting ownership to a maximum of one firearm per individual. The policy follows ongoing investigations into the use of firearms provided to civilians.

Requests for additional firearms will be subjected to thorough security assessments conducted by intelligence units and agencies. Decisions on issuing more than one firearm will be based on these evaluations.

The Ministry emphasized that if a security assessment determines no significant threat to an individual’s life, previously issued firearms will be confiscated.

Currently, the Ministry is investigating firearms issued to civilians through its premises. Official records indicate that a total of 1,550 firearms have been distributed to civilians to date.

Justice Minister Announces Upcoming Legislative Reforms

0

December 04, Colombo (LNW): Minister of Justice Harshana Nanayakkara announced today (04) during the Parliamentary session that three key legislative proposals will be presented at the start of the next quarter. These include the Proceeds of Crime Bill, the Rescue, Rehabilitation, and Insolvency Bill, and amendments to the Audit Bill.

The Justice Minister emphasized that these measures aim to strengthen legal frameworks for asset recovery, combat money laundering, and curb drug trafficking. Additionally, the proposed amendments to the Audit Act are expected to enhance creditor confidence while safeguarding the rights of debtors.

These reforms mark a significant step toward modernizing Sri Lanka’s legal system to address contemporary challenges effectively.

Over 300 Locally Manufactured Medicines and Supplies to be Procured for One Year

0

December 04, Colombo (LNW): The Cabinet of Sri Lanka has approved the procurement of over 300 locally manufactured medicines and medical supplies for a one-year period. The decision, first approved on 14 October 2024, aims to support local manufacturers and enhance the availability of essential medical supplies.

Cabinet Spokesman Minister Nalinda Jayatissa confirmed that the Ministry of Health and Mass Media has identified four categories of suppliers: the State Pharmaceuticals Manufacturing Corporation (SPMC), joint venture partners with SPMC, buy-back agreement holders with the Ministry, and other non-contracted local manufacturers.

The procurement process, guided by the recommendations of the Cabinet-appointed Standing Procurement Committee, includes the following:

  • Awarding the procurement of 42 types of medicines to SPMC for Rs. 5,398.83 million.
  • Awarding the procurement of 131 types of medicines to local manufacturers with joint venture agreements with SPMC for Rs. 16,611.42 million.
  • Awarding the procurement of 36 types of medicines to manufacturers with buy-back agreements for Rs. 9,022.10 million.
  • Awarding the procurement of 130 types of medicines to 24 newly selected local manufacturers for Rs. 13,374.65 million.

This initiative is expected to strengthen the local pharmaceutical industry and improve the supply of medical products across the country.

Sri Lanka Navy Apprehends 18 Indian Fishermen for Trespassing in Jaffna Waters

0

December 04, Colombo (LNW): TThe Sri Lanka Navy has apprehended 18 Indian fishermen for illegally entering Sri Lankan waters in the Chundikulam Sea, located off the coast of Jaffna. The fishermen were found to have trespassed in the Sea of Sri Lanka. Along with the arrest, the Navy seized the vessel used by the fishermen.

This marks the latest in a series of incidents, with a total of 515 Indian fishermen apprehended and 67 vessels seized so far this year. The Sri Lanka Navy continues to monitor and enforce maritime boundaries to prevent illegal fishing activities in Sri Lankan waters.