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People’s Bank in danger! ; Depositors continue to withdraw money

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The heads of all government corporations and departments have informed the Ministry of Finance that they will immediately transfer the existing accounts at the People’s Bank to other banks, the state-owned ‘Dinamina’ newspaper reported. 

In addition, many businessmen have also informed President Ranil Wickremesinghe as the Minister of Finance that they will have to withdraw their accounts from the People’s Bank.

They have informed the President that they would take this decision with regret since their businesses may be affected if protests and strikes continue to hamper the performance of the bank. 

The heads of corporations and departments have informed President Wickremesinghe that they had to face many inconveniences since the employees of the People’s Bank also joined the strike on Wednesday (15).

The heads of public corporations and departments have explained to the Ministry of Finance that the employees could not withdraw money for their needs, and therefore the clients were inconvenienced by having to find alternatives.

Therefore, they have requested the Finance Ministry to take necessary steps to remove their accounts from the People’s Bank and transfer them to other banks.

Meanwhile, President Wickremesinghe has informed the relevant authorities at the Finance Ministry yesterday (16) to pay special attention to the request made by the heads of government corporations and departments.

Only 113 People’s Bank branches were closed – PMD

However, the President’s Media Division quoted People’s Bank Acting CEO/GM Clive Fonseka and said that 272 Branches out of the 340 were fully functional with attendance reported at over 75% as at 10.30 AM on the 15th.

Depositors withdraw money

Meanwhile, economic experts pointed out that due to this situation, the customers of People’s Bank will probably be tempted to withdraw their money from the bank.

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Govt. aiming to promote tourism at rural level – PM (Pics)

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Prime Minister Dr. Harini Amarasuriya stated that the government is working towards a tourism development initiative aimed at promoting tourism at rural level by strengthening the capacity of local tourism service providers.

The Prime Minister made these remarks while participating in the inaugural ceremony of the China–Sri Lanka–Maldives Tourism Forum, held yesterday (June 16) at the Cinnamon Life Hotel in Colombo, under the theme “Connectivity and Collaborative Success along the Silk Road.”

“Sri Lanka is committed to strengthening these areas within our own national framework. We are currently implementing reforms to promote eco-tourism, improve digital tourism infrastructure, and enhance the capacity of local tourism service providers. We are also working to expand community-based tourism initiatives that ensure benefits flow to grassroots levels, especially in underrepresented regions of our country. It is our belief that by prioritizing sustainability, equity, and innovation, we can build a tourism industry that serves both the visitor and the host.”

“Sri Lanka is committed to strengthening these areas within our own national framework. We are currently implementing reforms to promote eco-tourism, improve digital tourism infrastructure, and enhance the capacity of local tourism service providers. We are also working to expand community-based tourism initiatives that ensure benefits flow to grassroots levels, especially in underrepresented regions of our country. It is our belief that by prioritizing sustainability, equity, and innovation, we can build a tourism industry that serves both the visitor and the host.”

Speaking, Chinese ambassador – Mr. Qi Zhenhong called to forge a new paradigm of China-Sri Lanka-Maldives tourism cooperation and contribute to building a China-Sri Lanka-Maldives community with a shared future.

He pointed out that China is the 5th largest source market for tourism in Sri Lanka, with over 130,000 Chinese visitors in 2024. Meanwhile, China remains the largest source market for the Maldives, with 260,000 Chinese tourists visiting in 2024.

Noting that China’s friendship with both countries exceed millennia, he made 03 recommendations :

  • Jointly Build a Convenient Tourism Circle: Promote more direct flight routes and introduce “multi-stop” tourism products, allowing tourists to explore all three countries in a single journey.
  • Jointly Shape a Quality Tourism Chain: Strengthen the alignment of standards for tourism safety, service quality, and ecological protection. Encourage joint development of high-end resorts, cultural discovery tours, and eco-adventure products by enterprises from all three countries. Implement more substantive measures to facilitate tax refunds for tourists’ purchases.
  • Jointly Outline a Cultural Tourism Map: Organize trilateral tourism and cultural festivals, exchange performing arts groups, and host intangible cultural heritage exhibitions. Enhance tour guide training to cultivate more tourism professionals proficient in Chinese, Sinhala, and Dhivehi. Promote youth exchanges to foster deep friendships among the future generations of our three nations through travel.

The event was also attended by Deputy Minister of Foreign Affairs and Foreign Employement of Sri Lanka – Mr. Arun Hemachandra, leaders from the Chinese Embassy in the Maldives, and a delegation from the Ministry of Culture and Tourism of China, government representatives and industry experts.

The forum will span a week, featuring a diverse range of activities such as thematic seminars, exhibitions and promotions, business negotiations, technical inspections, and familiarization trips. During the forum, the International Tourism Alliance of Silk Road Cities will announce an initiative for regular cooperation among the alliance cities of China (Quanzhou), Sri Lanka (Colombo, Kandy, Kotte), and the Maldives (Malé). Commemorative plaques will be awarded to the participating alliance member cities from the three nations.

The event is jointly hosted by the Ministry of Culture and Tourism of China, the Ministry of Foreign Affairs, Foreign Employment, and Tourism of Sri Lanka, the Ministry of Tourism and Environment of the Maldives, the Chinese Embassy in Sri Lanka, and the Chinese Embassy in the Maldives, and co-organized by Network of International Culturalink Entities of China and the Sri Lanka Tourism Promotion Bureau.

(Pics : Shanika Jayasekara)

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Mega Power renews lottery history with Rs.474 mn. winner

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The largest lottery prize in Sri Lanka’s history – Rs.474,599,422 was won yesterday (June 16).

The historic win came in the draw number 2210 of the National Lotteries Board’s Mega Power lottery.

The winning ticket was sold by H.A. Janaki Hemamala, a sales agent from Gokarella.

The previous record of Rs.230 million, also won through the Mega Power lottery.

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Over 18,000MT of salt imported to address shortage

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Sri Lanka has imported 18,163 MT of salt between May 22 and June 07, according to Customs.

The total cost of these imports amounted to approximately Rs.1,291 million, with Rs.720 million paid as taxes.

The imports are part of efforts to address the ongoing salt shortage, with a total target of 30,000 MT to be brought into the country.

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