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Prime Minister condemns unhealthy educational competition in first speech

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By: Isuru Parakrama

September 30, Colombo (LNW): Dr. Harini Amarasuriya, the newly appointed Prime Minister of Sri Lanka, made her debut address on 30th September 2024, coinciding with the celebration of both International Children’s Day and Elders’ Day. As Minister of Women, Child and Youth Affairs and Sports, she emphasised her administration’s commitment to prioritising the welfare of children and elders.

Speaking on the theme of this year’s International Children’s Day, “Investing in our future means investing in our children,” Prime Minister Amarasuriya outlined the government’s focus on delivering a robust public education system.

This initiative aims to ensure every child has access to high-quality education, without the hindrance of financial constraints. In a bold statement, the Prime Minister condemned physical and mental abuse in educational settings, warning against the pressures of “unhealthy competition.”

Instead, she advocated for environments that foster empathy, care, and understanding, signalling a significant policy shift towards more nurturing educational frameworks.

In her remarks on Elders’ Day, Prime Minister Amarasuriya reiterated her government’s dedication to improving social security systems and healthcare access for the elderly.

The 2024 theme, “Ageing with Dignity,” reflects her administration’s pledge to enhance support for older citizens, particularly in retirement and healthcare.

These measures, she noted, are designed to honour the lifetime contributions of Sri Lanka’s elder population.

Prime Minister Amarasuriya called on all Sri Lankans to unite in building a better future for both the young and the old, underscoring her vision of a nation rooted in compassion, equity, and sustainable progress.

Full Speech:

Today is a special occasion as I deliver my first message as Prime Minister and Minister of Women, Child and Youth Affairs and Sports of Sri Lanka celebrating both International Children’s Day and Elders’ Day. These two important observances remind us of the vital roles children and elders play in shaping the future and the legacy of our society.

This year, the theme for International Children’s Day is “Investing in our future means investing in our children.” This is more than a slogan-it embodies a core principle and policy direction of our government.

We are committed to providing a high-quality, public education system that benefits every child in Sri Lanka. Our vision is to equip children with the tools they need to thrive in a world full of opportunities, free from the burdens of financial limitations.

Moreover, we strongly oppose all forms of physical and mental abuse directed at children,particularly within educational institutions. Children deserve to grow up in environments filled with empathy, care, love, and joy-not under the strain of unhealthy competition. By fostering compassion, understanding, and mutual respect, we can raise a generation capable of building a just and equitable future. The best interests of children will always be our top priority in every decision concerning them.

As we mark Elders’ Day, we honour those who have contributed so much to our country’s progress. The 2024 theme, “Ageing with Dignity: The Importance of Strengthening Care and Support Systems for Older Persons Worldwide,” reflects our dedication to enhancing social security and protection for elderly people. Our government is committed to improving retirement benefits for elders and ensuring free and equal access to healthcare, especially for those who have spent their lives contributing to the workforce.

Let us join hands in working for the well-being of both our children and elders, in our journey of building a thriving nation and a beautiful life for all Sri Lankans.

Dr. Harini Amarasuriya
Prime Minister
Democratic Socialist Republic of Sri Lanka
30th September 2024

CEYPETCO announces price reduction in fuel

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September 30, Colombo (LNW): Fuel prices will be revised effective from midnight today (30), the Ceylon Petroleum Corporation (CEYPETCO) announced.

  • Petrol 92 Octane has been reduced by Rs. 21 to Rs. 311 per litre,
  • Auto Diesel has been reduced by Rs. 24 to Rs. 283 per litre.
  • Super Diesel has been reduced by Rs. 33, to Rs. 319 per litre,
  • Kerosene has been reduced by Rs. 19 to Rs. 183 per litre.

Meanwhile, the CEYPETCO announced that the price of Petrol 95 will remain unchanged.

People’s Bank and People’s Leasing Unveil CLASSIQUE VISA Infinite Credit Card

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By: Staff Writer

September 30, Colombo (LNW): People’s Bank, in partnership with Sri Lanka’s leading state-owned non-banking financial institution, People’s Leasing & Finance PLC (PLC), has introduced a co-branded credit card known as the CLASSIQUE VISA Infinite. The official launch took place during a special event at the PLC CLASSIQUE premier centre.

The launch ceremony was attended by notable figures from both institutions, including People’s Bank Chairman Sujeewa Rajapakse, Chief Executive Officer and General Manager Clive Fonseka, PLC Chairman Pradeep Amirthanayagam, CEO and General Manager Sanjeewa Bandaranayake, and VISA Country Manager for Sri Lanka and the Maldives Avanthi Colombage. Senior staff members from People’s Bank and PLC also attended.

The CLASSIQUE VISA Infinite card is designed to cater to a select group of high-end consumers, offering exclusive benefits across four major areas: lifestyle, entertainment, retail, and travel. Cardholders will gain access to premium services and privileges, such as special dining offers, VIP access to entertainment events, luxury shopping experiences, and travel benefits. Additionally, the VISA Infinite platform enhances the experience by providing concierge services in over 500 cities, which include meet-and-greet airport services and luxury hotel booking privileges.

One of the standout features of the CLASSIQUE VISA Infinite card is its complimentary lounge key membership, which offers two free airport lounge accesses annually. The card also comes with an overseas travel insurance policy, providing coverage up to $500,000, ensuring peace of mind for international travelers. Furthermore, an exclusive WhatsApp Concierge Service is available 24/7 for elite cardholders, adding another layer of convenience.

Customers will enjoy special discounts year-round at selected outlets, with additional promotions during holiday seasons. The card also allows for supplementary cards with flexible settlement options of up to 24 months and an interest-free credit period of 51 days. To assist cardholders, a dedicated 24-hour customer service hotline (1961) is available, and additional benefits include a balance transfer facility, travel insurance, and a 0% installment plan for insurance payments.

During the launch event, Sujeewa Rajapakse expressed his enthusiasm for the partnership between People’s Bank and PLC, stating that this collaboration between two of Sri Lanka’s largest financial institutions would create a credit card that everyone would aspire to carry. He highlighted that the CLASSIQUE VISA Infinite card offers significant value and would continue to evolve with further benefits in the future.

Pradeep Amirthanayagam echoed this sentiment, emphasizing the strength of the partnership between People’s Bank and PLC. He noted that People’s Bank is one of Sri Lanka’s most trusted brands, and the introduction of the co-branded credit card would make it a highly desirable financial product. He expressed confidence that this collaboration would create a powerful financial service provider, capable of excelling in both conventional banking and leasing.

The CLASSIQUE VISA Infinite co-branded card by People’s Bank and PLC sets a new benchmark for credit card services in Sri Lanka, offering a comprehensive suite of premium features and exclusive benefits tailored to elite consumers.

Sri Lanka Restores ETA System, Boosting Tourist Arrivals

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By: Staff Writer

September 30, Colombo (LNW): The Hotels Association of Sri Lanka (THASL) and Sri Lanka Association of Inbound Tour Operators (SLAITO) praised the government’s decision to reinstate the Electronic Travel Authorisation (ETA) system, simplifying the process for tourists visiting the country.

This platform, operational since 2012, had been recognized as one of the most efficient in the region, contributing significantly to the growth of tourism. However, it was unexpectedly replaced by a new system in April 2024 after the previous government outsourced visa processing.

THASL and SLAITO revealed in a joint statement that this abrupt change negatively impacted tourist arrivals. After their appeals for a reversal were ignored for more than two months, key industry stakeholders filed Fundamental Rights petitions in Sri Lanka’s Supreme Court in July 2024.

They expressed gratitude to the Supreme Court for its directive on 2 August 2024 to restore the previous ETA system. However, there was a delay in executing the court’s order, causing confusion and significant revenue loss due to the decline in tourist arrivals. The absence of a streamlined online visa system contributed to this downturn.

Both associations expressed delight at the reinstatement of the old ETA system by the Department of Immigration and Emigration, anticipating a positive outcome with an expected surge in tourist numbers in the near future. They also acknowledged the efforts of the Committee on Public Finance (COPF) in May/June, as well as the Supreme Court’s interim order, which was issued two months prior.

Additionally, THASL and SLAITO extended their thanks to Sri Lanka’s President and the Minister for Public Security for ensuring the Supreme Court order was promptly enforced after they took office. They emphasized the critical role tourism plays as the leading net foreign exchange earner for Sri Lanka, with over 10% of the population relying on the industry for their livelihood.

Business Tycoon Hanif Yusuf becomes WP Governor with a Vision for Change

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By: Staff Writer

September 30, Colombo (LNW): Hanif Yusuf, a distinguished businessman and former CEO of Expolanka Holdings PLC, officially assumed his role as the Governor of Sri Lanka’s Western Province, marking a significant moment in his career. Appointed by President Anura Dissanayake,

Business leader Yusuf brings extensive business experience and a reputation for excellence to his new role. His appointment also highlights the contributions of the Memon community, to which he belongs, recognizing their role in driving Sri Lanka’s economic development.

Yusuf, who has built a global business empire across 40 countries, emphasized that real progress is measured by the welfare of the underprivileged, not just the accumulation of wealth by the rich.

He highlighted the need for an inclusive approach to development that benefits all sections of society. He also stressed the importance of tackling corruption and called for collective efforts to bring about the change that citizens demand. “Eliminating corruption is difficult but not impossible if we work together,” he said, committing to use his skills to address this challenge.

Reflecting on his new role, Yusuf acknowledged the complexity of the task ahead but remained optimistic, stating that his extensive experience in business and leadership positions him well to contribute meaningfully to the province’s progress. “This is not something I can do alone,” he noted, underscoring the need for collaboration among stakeholders.

Yusuf’s journey from a local entrepreneur to a global business leader is inspiring. Born in the bustling district of Kollupitiya, Colombo, his family traces its roots back to Gujarat, India. His father was granted Sri Lankan citizenship in 1953, under Prime Minister John Kotelawala, and the family has been deeply committed to their adopted homeland ever since.

Yusuf received his education at the prestigious Royal College in Colombo, and later co-founded Expolanka Holdings in 1978. Under his leadership, the company grew from a small family business into a multinational enterprise spanning logistics, leisure, and information technology sectors, operating in over 39 countries.

Yusuf’s achievements have been recognized with numerous awards, including the ‘Legend of Logistics’ award in 2022 and the ‘Asia Pacific Entrepreneurship Special Achievement Award’ in 2013. These accolades highlight his pivotal role in shaping Sri Lanka’s logistics industry and his commitment to excellence.

As he embarks on his new journey as Governor, Yusuf’s appointment not only honors his personal achievements but also serves as a recognition of the Memon community’s contributions to Sri Lanka’s economy. His leadership symbolizes resilience, entrepreneurship, and innovation, inspiring future generations to continue building on this legacy.

In his new role, Yusuf promises to foster development and innovation while prioritizing the welfare of the people. His leadership is expected to bring positive changes to the Western Province, driving growth and inspiring others to contribute to the nation’s progress.

NDB Becomes First Sri Lankan Bank to Reach 100,000 YouTube Subscribers

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By: Staff Writer

September 30, Colombo (LNW): National Development Bank PLC continued to demonstrate strategic agility and resilience amidst less than conducive operating conditions, as was reflected in financial performance for the six months ended 30 June 2024, released to the Colombo Stock Exchange recently.

The Bank posted a pre-tax profit of Rs. 6.5 Bn for the period under review, an impressive growth of 58%, predominantly driven by healthy net interest income. NDB’s Director/ Chief Executive Officer. Kelum Edirisinghe attributed such performance to alignment to the Bank’s current mid-term strategy, delivered by the passionate and dedicated NDB team.

This strategy will enable us to drive profitability and enhance shareholder value, helping the Bank reach and exceed its true potential.

NDB Bank has reached a significant digital achievement by becoming the first bank in Sri Lanka to surpass 100,000 subscribers on its YouTube channel.

This milestone reflects the bank’s commitment to innovation and its digital-first strategy for customer engagement, setting a new standard in Sri Lanka’s banking industry.

As a key player in using social media to connect with its customers, NDB Bank’s YouTube channel serves as a platform for educational and engaging content.

The channel offers financial insights, updates on the bank’s products and services, and educational material on critical financial topics.

Most of its subscribers, over 96%, are based in Sri Lanka, with the primary audience being individuals aged 25-34, followed by the 35-44 age group. Through its dynamic video content,

NDB Bank has been able to empower customers to make informed financial decisions, building trust and loyalty in the process.

This achievement aligns with NDB’s broader strategy to lead the evolving digital landscape. In addition to YouTube, the bank is active on Facebook, Instagram, TikTok, LinkedIn, and X, using these platforms to provide timely information and foster interactive experiences with its customers.

“NDB has always aimed to stay at the forefront of digital banking. Reaching 100,000 subscribers on YouTube is a reflection of our ongoing efforts to deliver meaningful content that resonates with our audience and meets the needs of our tech-savvy customers,” said Darshana Jayasinghe, NDB’s Head of Marketing.

 He emphasized that the achievement underscores the bank’s commitment to innovation and its intent to continue expanding its digital presence to add value for customers.

As digital engagement continues to grow, NDB Bank is well-positioned to lead the industry by offering seamless, user-friendly, and innovative financial services.

This accomplishment further solidifies NDB Bank’s leadership in Sri Lanka’s financial sector and its role as a pioneer in digital transformation, setting a new benchmark for customer engagement in the digital age.

New interim govt to announce first Cabinet decisions tomorrow (Oct 01)

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By: Isuru Parakrama

September 30, Colombo (LNW): Minister Vijitha Herath has been appointed as the spokesperson for the newly established three-member interim cabinet, which is currently touted as one of the smallest cabinets in the world.

This cabinet is formed under the leadership of the National People’s Power (NPP), signalling a shift in governance amidst ongoing challenges.

The inaugural cabinet briefing is scheduled for tomorrow (Oct 01), where Minister Herath will outline the cabinet’s initial decisions and priorities.

This briefing is expected to provide valuable insights into the new government’s strategic direction, particularly as the country navigates through pressing economic and social issues.

Observers anticipate that the cabinet’s decisions, as articulated by Herath, will set the tone for the new government’s approach and priorities.

Official exchange rates in Sri Lanka today (Sep 30)

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By: Isuru Parakrama

September 30, Colombo (LNW): The Sri Lankan Rupee (LKR) indicates appreciation against the US Dollar today (30) in comparison to last week, as per the official exchange rates released by the Central Bank of Sri Lanka (CBSL).

Accordingly, the buying price of the US Dollar has dropped to Rs. 293.50 from Rs. 295.30, and the selling price to Rs. 302.56 from Rs. 304.33.

The Sri Lankan Rupee indicates appreciation against several other foreign currencies as well.

Final rites of ex Minister Kumara Welgama to be performed today (Sep 30)

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By: Isuru Parakrama

September 30, Colombo (LNW): The final rights of the recently deceased former Minister Kumara Welgama will be performed this (30) evening.

Accordingly, his final rights will be performed at 4 pm this evening at Mathugama Crematorium.

Welgama, a seasoned politician and a well known critique, was unwell for quite some time and his demise was pronounced Saturday (28). He was 74 years old at the time of his death.

His body is currently being kept in his residence in Horawala, Mathugama.

Appeal Court nullifies orders by Fort Magistrate against briefing on Nathasha Edirisooriya’s arrest

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By: Isuru Parakrama

September 30, Colombo (LNW): The Appeal Court today (30) nullified two orders issued by Fort Magistrate Thilina Gamage directing the Criminal Investigation Department (CID) to conduct a probe on a press briefing held by journalist Tharindu Jayawardena seeking justice for the unlawful arrest and imprisonment of Sri Lankan comedian Nathasha Edirisooriya.

The Appeal Court chaired by Justices Sampath B. Abeykoon and P. Kumararatmana issued the order as verdict to a petition lodged by Jayawardena against the High Court’s rejection of an application seeking the barring of the Magistrate’s orders.

Attorneys-at-Law Suren D. Perera and Pavithra Manujaya De Silva together with President’s Counsel Saliya Peiris appeared for the petition as per the instructions of Attorney-at-Law Manushika Cooray. 

The petition involved contempt of court charges against a group of journalists for holding a briefing during the arrest of comedian Edirisooriya, deeming her arrest and imprisonment as unlawful thereby seeking acquittal. Edirisooriya was arrested for allegedly making certain controversial comments about religion during one of her comedy sketches at the ‘Modabhimanaya’ event under the International Covenant on Civil and Political Rights (ICCPR) Act.

The briefing demanding the release of Edirisooriya was deemed contempt of court, in what the civil group ‘Sinhala Ravaya’ described as ‘an obstruction of the judicial processes’, later found to be the core reason for the Fort Magistrate Court to order the CID to conduct an investigation, prompting legal action against journalists Vidarshana Kannangara, Tharindu Uduwaragedara, Tharindu Jayawardena, Lakmali Hemachandra and Brito Fernando, despite neither the CID nor a Magistrate of Sri Lanka having any jurisdiction to order such a probe in accordance with the Judicature Act.

Considering the facts described in the petition, the Appeal Court nullified the orders issued by the Fort Magistrate.

Edirisooriya was released by High Court Judge Aditya Balapatabendige, deeming it was unlawful that her arrest was made under the ICCPR Act.