Home Blog Page 653

Elon Musk pays gratitude to SL President for greenlight to launch Starlink

0

By: Staff Writer

June 09, Colombo (LNW): Business magnet and the billionaire head of SpaceX and Tesla (TSLA) Elon Musk expressed his gratitude to President Ranil Wickremesinghe for the greenlight obtained to launch Starlink satellite internet services in Sri Lanka.

President Ranil Wickremesinghe posted a message on X saying the Telecommunications Regulators Commission of Sri Lanka (TRCSL) has given the green light for Starlink to launch satellite internet services in Sri Lanka, pending a two-week public consultation period.

“Much appreciated,” Elon Musk said in response to Wickremesinghe’s post on X.

Wickremesinghe said the development will revolutionise Sri Lanka’s connectivity, opening up new horizons, especially for Sri Lankan youth.

“With faster and more reliable internet, our youth can access global education resources, collaborate on innovative projects, and thrive in this new digital age. We will introduce relief packages for the education and fishing sectors,” he said.

The President said Starlink’s implementation will be transformative for Sri Lankans, especially those struggling to stay connected with reliable, high-speed internet.

“This advancement will significantly improve connectivity across the country, which is crucial for inclusion in the digital economy and maintaining communications in remote areas and during natural disasters,” he said.

Director General of the Sri Lanka Telecommunications Regulatory Commission, Madusanka Dissanayake, had said this week that the initial setup or the registration cost for the service will range from between US$ 400 and US$ 600, with a monthly fee of US$ 99

Musk is aggressively marketing Starlink around the world: He says that the service is now available in 99 countries. (In 2021, that figure was just 14.)

It isn’t yet available in South Asia, which is an especially attractive market due to its large and young population, its emerging technology sectors, and government pledges to ramp up digital economies. But financial, legal, and logistical constraints pose challenges that could hurt Starlink’s prospects in the region.

In the last few decades, internet penetration rates increased rapidly across South Asia. India and Pakistan rank in the world’s top 10 countries for total internet users.

However, this masks the massive number of South Asians—989 million people, including more than 683 million in India—who remain offline. Only 47 percent of South Asia’s total population uses the internet, according to DataReportal.

This presents an opening for Starlink, especially given that the service’s low-orbit satellites are intended to reduce connection problems and better serve remote regions, which Musk describes as a key investment target. Despite rapid urbanization in recent years, most of South Asia’s population remains in rural areas.

Sri Lankan rubber exporters to adopt CH17 Digital program to meet EU guidelines

0

By: Staff Writer

June 09, Colombo (LNW): In the wake of EU guidelines deadline is set for 31 December 2024 , Sri Lankan rubber exporters have been compelled to o ensure continued EU market access for specified products including rubber and all rubber-based commodities.

 In order to ensure that products exported to the EU will have EU deforestation regulation (EUDR) certificate, the implementation process should start now

Sri Lanka produced 152,000 metric tonnes of rubber in 2012, but by 2023, it had fallen to only 64,400 metric tonnes, Manoj Udugampola, a former Chairman of the Colombo Rubber Traders Associations said .

A census by Sri Lanka’s Rubber Development Department had found that the area cultivated had fallen from 138,000 hectares to 98,250 hectares

Ch17 Digital has announced the development of an innovative program designed to ensure seamless EUDR compliance for exporters. This cutting-edge solution is tailored specifically for the rubber and rubber-based product industry, enabling exporters to effortlessly meet the stringent new EU regulations.

With CH17 Digital’s program, exporters can confidently navigate the compliance landscape, ensuring their products meet all requirements and continue to thrive in the EU market.

Under EU law, any final rubber-based product, in any form, must originate from legally cultivated areas in the country of origin.

The EU discourages deforestation and illegal land clearance to promote sustainable and responsible sourcing practices.

This covers plantations such as coffee, cocoa, rubber, cattle, wood, palm oil, soy and their derivatives, regardless of the EU or non-EU origins of the material.

According to CH17 Digital CEO Jumar Preena: “The Company is committed towards empowering Sri Lanka’s rubber industry through multi-model digital transformation.

Early this year CH17 together with Rubber Research Institute of Sri Lanka (RRI) launched a pilot project to recognise and reward selected rubber tappers who have been re designated as Rubber Tapping Assistants.

The RRISL launched a campaign themed “Kirithuru Abhiman” where in recognition of passing the NVQ Level 5 examination nearly 100 of these Tapping Assistants received certificates after intensive assessment of their skills. This reward scheme was supported by CH17 Loyalty.”

“CH17 is also working on developing a program to monitor worker performance and output through an on-line assessment module.

Another feature will be to “mark” every single rubber tree and input data with regards to their age, yield, plant health, fertiliser application record, any diseases etc. These data will be fed into a main base for analysis and report.

Towards this we will develop a QR sticker which the plantation companies will have to stick on the tree. This is a huge process, we got to start from scratch.” Jumar added

“We plan to implement rewards driven programs where CH17 partner vendors will accept the Kirithuru Abhiman Privilege card and offer upfront cash discounts, cash-rewards, points schemes which will benefit these workers and their families on a daily basis. 

Sri Lanka Original Narrative Summary: 09/06

0

  1. President Ranil Wickremesinghe has left for New Delhi to attend the swearing-in ceremony of Prime Minister Narendra Modi: His attendance departure comes in at the invitation of Modi.
  2. Opposition Leader Sajith Premadasa, referring the JVP to ‘red elephants’ alleges the leftist party made a deal with the President in what he described as ‘a bid to challenge him for debate on air at state media’: claims the JVP has no economic council and brags about a debate between leaders detouring the SJB’s original proposition of a debate between the two parties’ economic councils: reiterates his position that two separate debates should be held on two separate dates between the economic councils of the NPP and the SJB, and between the Party leaders: further accuses NPP Leader Anura Kumara Dissanayake of playing ‘a solo drama’ on state-media, after what he described as ‘a plea’ before the President.
  3. Three MPs’ statements have been recorded regarding an alleged assault on MP Gunathilaka Rajapaksha, with plans to present them to court: No statement has been taken from the accused, Mahindananda Aluthgamage: A complaint filed with the Fort Police Station details the incident, claiming Aluthgamage caused Rajapaksha’s broken leg after a meeting at the President’s office: Rajapaksha is currently receiving treatment at the Army Hospital.
  4. Elon Musk thanks President Ranil Wickremesinghe for approving Starlink satellite internet services in Sri Lanka, aiming to revolutionise connectivity: The move promises faster internet access, particularly benefiting youth and remote communities: The initial setup cost is estimated between $400 and $600, with a monthly fee of $99: Starlink’s expansion targets underserved regions like South Asia, where large rural populations lack reliable internet access despite rapid urbanisation.
  5. Remittances to Sri Lanka rose by 13.5% in May 2024, reaching $544.4 mn, attributed to more expatriates using official banking channels: Total remittances for the first five months of the year hit $2,624.4 mn, up by 11.8%: The growth follows the Central Bank’s abandonment of parallel exchange rates, encouraging expatriates to use formal banking channels: In 2023, remittances through formal banking surged by 57%, reaching $5.97 bn: This growth is linked to the removal of parallel exchange rates: Sri Lanka’s external sector is recovering, aided by a halt in money printing.
  6. Sri Lanka sees a surge in dengue cases, with 700 reported in the past week, likely due to rainy conditions creating more mosquito breeding sites: In 2024, there have been 25,619 cases, with the Colombo district reporting the most at 5,554: Urgent measures are advised, including cleanliness and eliminating breeding sites, as the Western Province has recorded the highest number of cases.
  7. Sri Lanka secures a 3-year term on the United Nations Economic and Social Council (ECOSOC) starting January 1, 2025, following its election by the UN General Assembly: With 182 out of 189 votes, Sri Lanka ranked second in its region and seventh overall: This marks Sri Lanka’s fourth consecutive victory in multilateral elections: As an ECOSOC member, Sri Lanka will contribute to various initiatives, including poverty eradication and climate justice.
  8. Sri Lankan rubber exporters ought to comply with EU deforestation regulations by December 31, 2024, leading to a decline in rubber production and cultivated areas: CH17 Digital offers a solution for seamless EU compliance, ensuring continued access to the EU market: The programme includes monitoring worker performance and tree data collection, supporting the rubber industry’s digital transformation: CH17 also collaborates with the Rubber Research Institute of Sri Lanka to reward and empower rubber tappers through certification and loyalty programmes.
  9. The Catholic Bishops’ Conference of Sri Lanka (CBCSL) denies involvement in an alleged plot to extend the term of Attorney General Sanjay Rajaratnam, amidst reports linking the Easter Sunday attacks to the extension request: refutes claims of a meeting with the President to discuss the matter and asserts that Rajaratnam has not acted on recommendations from the inquiry into the attacks: The Constitutional Council is reportedly considering a six-month extension for Rajaratnam, but no decision has been reached.
  10. Sri Lankan bodybuilding champion Vishwa Tharuka won Bronze in the Men’s Sports Physique category at the 14th South Asian Bodybuilding Championship: Supported by Sri Lanka’s sports federation, Vishwa dedicated the win to his late wife, whose support motivated his success.

Sri Lankan Bodybuilder Vishwa Tharuka honours late wife with Bronze Medal Win at South Asian Championship

0

June 09, Colombo (LNW): Sri Lankan bodybuilding champion Vishwa Tharuka clinched the Bronze medal in the Men’s Sports Physique up to 175 cm category on June 8th, 2024, at the 14th South Asian Bodybuilding and Physique Sports Championship, hosted in the Maldives.

This esteemed competition, overseen by the South Asian Bodybuilding and Physique Sports Federation and endorsed by the World Bodybuilding and Physique Sports Federation and the Asian Bodybuilding and Physique Sports Federation.

The event attracts outstanding athletes from across the South Asian region.

Supported by the Sri Lanka Bodybuilding and Physique Sports Federation, Vishwa Tharuka achieved this remarkable feat.

Notably, Vishwa dedicated his victory to his late wife, whose encouragement and support propelled him into sports.

Emotionally, Vishwa shared that his wife tragically passed away last year on a rainy day.

He expressed that she had eagerly awaited his success in this tournament, and he found solace in securing the Bronze medal.

With profound love, Vishwa dedicated this triumph to his late wife’s memory.

Surge in official remittances boosts SL’s economic outlook

0

June 09, Colombo (LNW): Official remittances to Sri Lanka experienced a notable increase of 13.5 pe rcent, reaching $544.4 million in May 2024 compared to the corresponding period last year.

This surge has been attributed to a greater number of expatriates utilising official banking channels.

Official data indicates that remittances during the first five months of the year totalled $2,624.4 million, marking an 11.8 percent rise from the same period in the previous year.

The consistent growth in remittances follows the abandonment of a parallel exchange rate system by the central bank.

This shift has encouraged many expatriates to transition away from informal money transfer methods such as Undiyal and Hawala, towards formal banking channels.

In 2023, Sri Lanka experienced a significant 57 per cent increase in remittances routed through formal banking channels, rising to $5.97 billion from $3.8 billion the previous year.

This uptick can be attributed to the elimination of parallel exchange rates.

The island nation’s external sector has shown signs of recovery since the central bank ceased money printing to sterilise interventions funded by the Indian Asian Clearing Union.

This decision led to balance of payments surpluses.

In 2021, worker remittances via official channels declined due to challenges in payment processing by the banking system at the official exchange rate.

This was a consequence of money printing aimed at maintaining low policy rates, resulting in the emergence of parallel exchange rates settled outside the formal banking system.

Worker remittances stand as one of the primary sources of foreign exchange revenue for Sri Lanka, aiding its ongoing recovery from an unprecedented economic downturn.

Starting from April 2022, there has been an unprecedented increase in interest rates, resulting in a slowdown in credit growth and reducing the need for money printing to manage rates.

*With inputs from Economy Next

Purported assault on Gunathilaka Rajapaksha: Police record statements from three MPs

0

June 09, Colombo (LNW): Statements from three Members of Parliament have been formally documented concerning the purported assault on MP Gunathilaka Rajapaksha.

According to police sources, these statements were recorded within the Parliament complex. MPs Sahan Pradeep, Madhura Withanage, and Lalith Warnakumara are among those whose statements have been acquired.

Authorities have indicated their intention to promptly present these statements to the court.

However, it has been noted that no statement has yet been taken from Mahindananda Aluthgamage, who is alleged to have carried out the assault.

The Fort Police Station received a complaint detailing the incident, which reportedly occurred subsequent to a meeting held at the President’s office on Monday evening.

The complaint alleges that MP Mahindananda Aluthgamage inflicted injury upon MP Gunathilaka Rajapaksha, resulting in a broken leg.

MP Gunathilaka Rajapaksha, the purported victim of the assault, is presently undergoing medical treatment at the Army Hospital.

Lower Kadugannawa section of Colombo-Kandy main road temporarily shut for hazardous rock removal

0

June 09, Colombo (LNW): The lower Kadugannawa section of the Colombo-Kandy main road will be closed temporarily due to the ongoing removal of hazardous rocks along the route, the Disaster Management Centre (DMC) said.

According to DMC Director Pradeep Kodippili, the closure of the road is essential to ensure the safety of motorists.

Whilst the inconvenience the move might cause to the public is understood, vehicle drivers are encouraged to seek alternative routes until the work is completed, Kodippili noted.

The DMC advises drivers travelling from Colombo to Kandy to consider using the Colombo-Kurunegala Highway, accessing Kandy via the Galagedara Road through Rambukkana.

Alternatively, drivers can opt for the Gampola-Kandy Road through Hemmathagama and Mawanella.

Dengue rise in SL: 700 cases within seven days

0

June 09, Colombo (LNW): With the growing tendency of dengue cases, a total of 700 cases have been reported in Sri Lanka in the past seven days, provisional data disclosed.

This rise can be attributed to the current rainy conditions and the subsequent increase in mosquito breeding sites due to receding floodwaters.

As of June 07, the total number of reported cases for the year 2024 stands at 25,619, with the Colombo district reporting the highest number at 5,554.

The Western Province has recorded the highest number of cases among provinces, totaling 9,348.

With several areas in Sri Lanka experiencing prolonged rainfall recently, health officials are urging the public to exercise caution and maintain cleanliness in their surroundings and eliminate potential mosquito breeding sites to mitigate the spread of Dengue fever.

Foreign Minister to depart for Russia to attend BRICS Ministerial Session

0

June 09, Colombo (LNW): Foreign Minister Ali Sabry is set to depart for Russia to participate in the BRICS Ministerial Session, scheduled to take place in Nizhniy Novgorod on 11th June 2024.

This invitation stems from an offer extended by his Russian counterpart.

As the incumbent Chair of the IORA Council of Ministers, the Ministry of Foreign Affairs stated that the Foreign Minister has been specifically invited to attend the Ministerial Meeting.

Under the theme “Strengthening Multilateralism for Fair Global Development and Security,” Russia is hosting the BRICS Ministerial Session.

During the gathering of Foreign Ministers from Global South nations, Foreign Minister Ali Sabry is slated to deliver a statement on the “role of BRICS and Global South in reforming global governance, ensuring sustainable development, and enhancing global security,” as per the statement.

Additionally, it is anticipated that on the sidelines of the event, the Foreign Minister will engage in bilateral discussions with counterparts from several countries, including the host nation.

Sri Lanka secures position on UN’s Economic and Social Council

0

June 09, Colombo (LNW): Sri Lanka has secured a position on the United Nations Economic and Social Council (ECOSOC) for a three-year term starting on 1st January 2025, following its election by the United Nations General Assembly (UNGA).

During the elections conducted in New York on Friday, 7th June, Sri Lanka garnered 182 votes out of the 189 member states present and voting.

This achievement placed Sri Lanka with the second-highest vote count from its region and the seventh-highest overall, as reported by the Ministry of Foreign Affairs.

Previously, Sri Lanka held positions on the ECOSOC from 1985 to 1989 and from 2006 to 2008.

As a member of the ECOSOC, Sri Lanka will actively contribute to the Council’s initiatives and programmes, focusing on a range of issues including poverty eradication, food security, development financing, international financial system reform to support vulnerable nations, climate justice, gender equality, empowerment of women, rights of persons who are differently-abled, advancement of science and technology, and bridging the digital divide.

Among the 18 countries elected on 7th June 2024 to the 54-member ECOSOC, were Uzbekistan, Bangladesh, and Saudi Arabia from the Asia Pacific region.

This successful election to the ECOSOC marks Sri Lanka’s fourth consecutive triumph in multilateral elections, underscoring a significant achievement in the country’s diplomatic endeavours led by the Ministry of Foreign Affairs and its overseas Diplomatic Missions.

Established in 1945 by the Charter of the United Nations, the ECOSOC stands as one of the UN’s six principal organs, serving as the central platform to coordinate economic and social matters, promote international cooperation and development, and address issues related to the Sustainable Development Goals.

The Ministry of Foreign Affairs highlighted the pivotal role played by the Permanent Mission of Sri Lanka to the United Nations in New York, in collaboration with the Ministry itself and Sri Lanka’s overseas Missions, in spearheading the election campaign.