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Sri Lanka secures position at UNESCO Executive Board

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Colombo (LNW): Sri Lanka has secured a position at the Executive Board of the United Nations Educational, Scientific and Cultural Organisation (UNESCO) for the term 2023-2027, according to an announcement from the Ministry of Foreign Affairs.

The election took place during the 42nd General Conference of UNESCO held in Paris this week (Nov 15).

During the election, Sri Lanka garnered 144 votes out of 188 member states participating, securing the third-highest vote count in the region, alongside Bangladesh.

Out of the nine candidates from the Asia-Pacific Region, six were elected to the UNESCO Executive Board, including Sri Lanka, Pakistan, Indonesia, Bangladesh, Republic of Korea, and Australia. Sri Lanka had previously served on the Executive Board from 2015 to 2019.

UNESCO plays a crucial role in promoting international cooperation in education, sciences, culture, communication, and information, contributing to peace, security, and the achievement of Sustainable Development Goals.

Sri Lanka’s membership in UNESCO since 1949 underscores the country’s steadfast commitment to the organisation’s values and principles, fostering collaboration among nations through education, science, and culture while promoting universal respect for justice, the rule of law, and fundamental freedoms.

Throughout its history with UNESCO, Sri Lanka has actively contributed to advancing the organisation’s mandate. The Sri Lanka National Commission for UNESCO, operating under the guidance of the Ministry of Education, serves as the government arm for implementing UNESCO’s Agenda in the country.

The Ministry of Foreign Affairs, in collaboration with the Sri Lanka Embassy in Paris and the Ministry of Education (National focal point), expressed satisfaction in leading the successful effort to secure Sri Lanka’s election to the UNESCO Executive Board.

The Foreign Ministry highlighted the noteworthy achievement that, in recent months, Sri Lanka has consecutively secured positions in three UN bodies/committees: the Committee on the Elimination of All Forms of Discrimination Against Women (CEDAW), the Committee on the Protection of the Rights of All Migrant Workers and Members of their Families (CMW), and the UNESCO Executive Board.

Appeal Court to hear petition on SLC on Monday under new judge panel

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Colombo (LNW): The Court of Appeal is set to consider the petition regarding the Sri Lanka Cricket interim committee on Monday, November 20, 2023, under a new panel of judges.

The decision follows the recusal of three judges from the case, including Justice Neel Iddawela and President of the Court of Appeal Nissanka Bandula Karunaratne, who cited unfair criticism by the Sports Minister and others.

Subsequently, the petition was transferred to another court for consideration, but Justice Dhammika Ganepola also recused himself, necessitating the formation of a new judge bench to hear the case.

Ex President says he does not accept Supreme Court ruling on economic crisis

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Colombo (LNW): Former President Mahinda Rajapaksa said he does not accept the recent Supreme Court ruling on Sri Lanka’s economic crisis.

Speaking in Kandy on November 15, MP Rajapaksa stated that they will respond to the matter when granted an opportunity by the court.

The Supreme Court held former President Gotabaya Rajapaksa and other officials, including Mahinda Rajapaksa and Basil Rajapaksa responsible for mishandling the economic crisis in response to a petition filed by Transparency International Sri Lanka (TISL) and activists Chandra Jayaratne, Jehan Canagaretna, and Julian Bolling.

SLC denies connections with CoPE Chief

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Colombo (LNW): The Sri Lanka Cricket (SLC) Administration denied any current connections with Chairman of the Committee on Public Enterprises (CoPE) Prof. Ranjith Bandara.

In a statement, the SLC acknowledged a past agreement with the Colombo School of Business and Management, led by Bandara during the tenure of the previous administration. The school provided consultancy services to the former SLC administration from 2017 to May 2018, receiving payment solely for these services, the statement admitted.

Opposition Leader MP Sajith Premadasa raised concerns in Parliament about a potential conflict of interest with Bandara leading the CoPE investigating SLC.

Public footage of the SLC hearing at the Committee sparked controversy due to what it appeared to be Bandara hand-signalling a SLC member, leading to a storm of speculation that the CoPE Chief had ‘silenced him’ not to speak.

Bandara dodged the question in Parliament asserting that he did not silence anyone but urged the attendees to speak ‘one at a time,’ and criticised the Opposition for ‘politicising’ the Committee.

The Opposition Leader questioned the involvement of Kanishka Bandara, Prof. Ranjith Bandara’s son, in a recent CoPE meeting with SLC, prompting Speaker Mahinda Yapa Abeywardena to announce a probe into the matter.

The Speaker acknowledged that external participation in CoPE meetings is not allowed and pledged to look into the circumstances surrounding Kanishka Bandara’s presence.

National contribution plan accelerates SL’s climate action targets

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By: Staff Writer

Colombo (LNW): Sri Lanka has ramped up their commitment to achieving the Nationally Determined Contributions (NDCs) and has outlined targets in an Implementation Plan till 2030.

It will be focusing on an integrated, holistic approach to enable transformative impact across sectors, the Ministry of Environment and UNDP said in a joint statement.

The NDC Implementation Plan sets out a blueprint for immediate climate action. With the first global stocktake of progress on the Paris Agreement scheduled for discussion at the 28th session of the Conference of Parties (COP28) in Dubai later this year.

It is an opportunity for all countries to course correct and accelerate action to tackle the climate crisis, the joint statement said.

Sri Lanka annually spends LKR 50 billion on climate-induced post-disaster contingent liabilities that arise through floods, droughts, landslides, and storms including relief assistance for damages incurred to housing, infrastructure, agricultural crops, and businesses.

Dr. Anil Jasinghe, Secretary, Ministry of Environment stated, “Sri Lanka accelerated its climate action through the launch of the Climate Prosperity Plan at COP27.

The revised National Policy on Climate Change (2023) and 2050 Carbon Net Zero Road Map and Strategy are expected to be launched at COP28 this year.

The NDCs act as the base for these strategic interventions and implementing the NDCs will lead to increasing Sri Lanka’s share of renewable energy, adopting adaptation interventions and increasing our coping capacity and resilience to climate disasters”.

Sharing progress on Sri Lanka’s NDCs, Dr. Jayathunga, Additional Secretary (Environment Development), Ministry of Environment highlighted,

“The NDCs are a nexus and linking point through which we can reinforce our national sustainable development targets including the targets laid out in our National Environment Action Plan and National Adaptation Plan”.

From record-breaking temperatures to increasing extreme weather events, in 2022 alone Asia recorded 81 weather, climate and water-related disasters which directly affected more than 50 million people, costing USD 36 billion in economic damages, according to the World Meteorological Organisation’s State of the Climate in Asia report.

The global landscape is changing dramatically with the climate crisis becoming the new normal. Sri Lanka too is reeling from multiple crises and with climate change impacts already being experienced, recovery comes at a high cost.

The Paris Agreement lays out a collective framework for all countries to address climate change. But reports come in that there is still limited progress in reducing the emissions gap by 2030, and there is a global call to scale up climate action to keep the 1.5°C objective within reach.

SL’s ambitious budget agenda faces high implementation risks – Fitch

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By: Staff Writer

Colombo (LNW): The targets laid out in Sri Lanka’s budget for 2024 will be challenging to meet, even with the economic recovery that we expect to continue next year, says Fitch Ratings.

The fiscal deficit is set to be wider than our current forecast of 7.1% of GDP in 2024 in light of the new data, even after excluding bank recapitalisation costs, and the revenue/GDP ratio will be lower than we had assumed.

The government is targeting a budget deficit of 9.1% of GDP in 2024, wider than a revised estimate of 8.5% in 2023.

However, without bank recapitalisation costs, the deficit in 2024 would be a narrower 7.6% of GDP. Excluding recapitalisation costs, the budget targets a primary surplus of 0.8% of GDP in 2024, against a deficit of 0.7% in 2023.

Nevertheless, including recapitalisation costs pushes the 2024 primary deficit target to 0.6% of GDP.

The primary surplus goal for 2024, excluding bank recapitalisation, is broadly in line with the 0.8% of GDP projected by the IMF in March when it approved Sri Lanka’s USD3 billion Extended Fund Facility (EFF).

We also see the revenue target as relatively aligned. However, the government’s expenditure target for 2024, at 22.2% of GDP, is somewhat higher than the 19.7% the IMF had envisioned and well above the revised budget estimate of 18.7% for 2023, fitch ratings said.

The release of the next tranche of EFF financing, worth around USD330 million, will depend partly on the IMF’s assessment of Sri Lanka’s progress in securing financing assurances from official creditors.

Fitch believes there has been some progress since March, but the timeline for a restructuring deal with official creditors remains unclear.

Fitch expects there are significant risks to the government’s revenue goal for 2024. Sri Lanka has a record of fiscal slippage, and revenue collection fell 29% short of target over 9M23.

The authorities aim to raise revenue by almost 45% in 2024. This will be aided by a planned 3pp increase in the value-added tax to 18%, but the boost to revenue from inflation is set to weaken in 2024.

We project consumer prices will rise by 8.7% on average in 2024, compared with 22.1% in 2023. The lift from economic growth, which Fitch projects at 3.3% in 2024, will also be modest.

Downside risks to revenue could be offset by lower-than-budgeted spending. We think the presidential election in late 2024 will incentivise the government to keep to its spending plans, which include a 14% increase in spending on salaries and wages. Nevertheless,
if revenue falls short, there may be some room to trim capital expenditure, which amounts to almost 20% of total planned spending and is budgeted to rise 55% in 2024, excluding bank recapitalisation.

Wildlife Officer arrested in fatal shooting at Lunugamwehera Forest Reserve

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Colombo (LNW): An inquiry has been initiated by the police into the tragic shooting incident that occurred last night in the Lunugamwehera forest reserve.

The victim, a 31-year-old resident of Tissamaharama, sustained serious gunshot injuries and succumbed to them after being admitted to Lunugamwehera hospital.

The incident unfolded as officials from the Kataragama, Karawila Wildlife Office were engaged in a raid within the protected area. The operation was intensified after nearby wildlife offices reported the escape of individuals from the reserved area.

Consequently, a search operation was launched to apprehend the fugitives in Zone No. 06, Left Bank Zone of Yala Park.

Preliminary police investigations indicate that the shooting occurred during the execution of the search operation.

A wildlife controller responsible for the shooting has been apprehended after voluntarily surrendering to the police along with his firearm.

Dollar rate at commercial banks today (Nov 16)

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Colombo (LNW): The Sri Lankan Rupee (LKR) indicates a slight depreciation against the US Dollar at leading commercial banks in the country today (16) in comparison to yesterday.

At Peoples Bank, the buying price of the US Dollar has increased to Rs. 322.90 from Rs. 322.17, and the selling price to Rs. 334.15 from Rs. Rs. 333.39

At Commercial Bank, the buying price of the US Dollar has increased to Rs. 321.98 from Rs. 321.75, and the selling price to Rs. 333 from Rs. 332.

At Sampath Bank, the buying and selling prices of the US Dollar remain unchanged at Rs. 323 and Rs. 333, respectively.

Sri Lanka’s Eastern Province to connect with the United States

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By: Staff Writer

Colombo (LNW): Sri Lanka’s Eastern Province is to connect with the United States through a new American Innovation Hub (iHub) which was inaugurated yesterday.

The U.S. Ambassador to Sri Lanka Julie Chung inaugurated the new American Innovation Hub and welcomed the Governor of the Eastern Province Senthil Thondaman to join as a special guest.

A joint initiative between the U.S. Embassy and Dream Space Academy, the iHub in Batticaloa aims to empower the youth of the Eastern Province, foster knowledge exchange, and promote people-to-people ties between the United States and Sri Lanka.

In addition to the American iHub in Batticaloa, the U.S. Embassy has interactive American Spaces in Colombo, Kandy, Jaffna, and Matara.

“The Batticaloa iHub, our fifth American Space in Sri Lanka, will be a key link to connect the Eastern Province with the United States, as well as to cultivate connections between young people across the entire island,” said U.S. Ambassador Julie Chung.

“As we celebrate 75 years of bilateral relations this year, this space holds great promise for the youth and academic institutions in the region, fostering innovation, leadership, education, and collaboration.

This will be a space where all people feel comfortable and inspired, underlining the enduring and robust partnership between the United States and Sri Lanka.”

The Batticaloa iHub is designed to be a hub of intellectual engagement, providing access to a wide range of free-of-charge resources, including books, digital materials, multimedia content, and online databases.

It serves as a space where students, researchers, and enthusiasts can gather to expand their horizons, engage in discussions, and collaborate on projects that contribute to educational and social development.

The iHub also hosts a variety of free programs, workshops, and events focused on areas such as English language learning, entrepreneurship, STEM (Science, Technology, Engineering, and Mathematics), and American literature and history.

These activities not only enhance participants’ skills but also foster a deeper appreciation for the diversity of thought and ideas.

Located at 7A Saravana Road, Kallady, Batticaloa, the Batticaloa iHub will be open to the public from Monday to Friday, 9:00 a.m. to 5:00 p.m. and Saturday, 9:00 a.m. to 12 noon.

All skills development programs and activities at the iHub will be conducted free of charge.

Chinese President’s envoy visits Sri Lanka amidst another research ship arrival saga

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By: Staff Writer

Colombo (LNW): The US has expressed its concern to Sri Lanka about a Chinese research ship likely to dock in the island country next month, a development India too finds concerning.

A special representative of Chinese President Xi Jinping Mrs. Shin Yi Chin is scheduled to visit the island on the 18th amidst reports of another research ship to reach Colombo port early next year.

The Chinese President’s special representative’s visit to the island nation is significant following the Chinese leader’s promise given to his Sri Lankan counterpart Ranil Wickreamsighe to provide assistance for Sri Lanka without any political motives, to buy more of the island’s exports and to increase investments.

President Xi also assured that China would provide friendly, practical and timely support for Sri Lanka’s debt optimization program.

The Chinese Ministry of Foreign Affairs announced that Mrs. Shin Yi Chin will stay in the country until the 21st.

During that time, Ms. Shin Yi Chin is scheduled to hold discussions with high-ranking representatives of Sri Lanka.

Meanwhile China has sought permission from Sri Lanka for another one of its state-of-the-art research vessels to engage in research and survey in the Exclusive Economic Zone of the Sea of Sri Lanka.

China is now requesting clearance for a vessel identified as Xiang Yang Hong 3.

Chinese officials have informed their Sri Lankan counterparts that the Xiang Yang Hong 3 is expected to engage in research within Sri Lanka’s Exclusive Economic Zone.

According to reports, the Xiang Yang Hong 3 is to engage in the research and survey from January 5th to February 20th, next year.

The Xiang Yang Hong 03 is owned by the Third Institute of Oceanology, of the Chinese Ministry of Natural Resources.

Xiang Yang Hong 03’s home port is listed as Xiamen, Fujian Province, is 99.6 metres in length, and falls under the General survey vessel.

At the same time, the Chinese geophysical scientific research vessel Shi Yan 6 which reached the Port of Colombo in October in the midst of strong concerns from India, has once again indicated that it will be heading to Colombo.

However, Sri Lanka’s Foreign Ministry said that it was not informed about the arrival of the Chinese geophysical scientific research vessel Shi Yan 6.The Shi Yan 6 continues to navigate in the Indian Ocean.

Over the years, over 17 state-of-the-art Chinese Research/Survey vessels reached the Sea of Sri Lanka since 2017.

The Xiang Yang Hong 3 had visited Sri Lanka for the first time on the 13th of December 2017, and remained in Colombo and Trincomalee for a period of 18 days.

The Xiang Yang Hong 3 returned to Sri Lanka on the 22nd of December 2019 and remained in Sri Lankan waters until the 5th of January 2020.

The Xiang Yang Hong 19 Scientific Research Vessel reached Sri Lankan waters on the 11th of February 2020 and was anchored for nine days.