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8,422 smartphones stolen in last two months

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In the first two months of this year, 8,422 smartphones have been either stolen or lost in Sri Lanka, the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) said.

The Sri Lanka Police introduced an online system from December 31, 2018 to recover lost phones.

The total number of complaints referred to the TRCSL through this system is 134,451.

In 2019, 40,167 phones have been either stolen or lost, 12,567 phones in 2020 and 27,933 in 2021.

TRCSL Director (Public Complaints) Menaka Pathirana told the media that there are no reports at the TRCSL regarding the recovery of lost phones and the reports about these phones are forwarded to the police stations where the complaints were made at.

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National Debt Management Institute to be established

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The Cabinet has granted approval to establish a National Debt Management Institute.

It has been emphasized in the supplementary Budget of 2022 the importance of the establishment of a State Loan Management Institute as an institutional reformation while enhancing loan management and transparency has been recognized as a prioritized sector even under the appropriation loan facility of the International Monetary Fund (IMF).

Government said that technical assistance has been rendered by the IMF and the World Bank in order to establish the proposed state loan management institute.

The loan management reformation plan, loan management institutional framework and legal framework have been planned by now.

Accordingly, the Cabinet approved the resolution tabled by the acting Minister of Finance, Economic Stabilization and National Policies to direct the Legal Draftsman to draft the Bill of the State Loan Management Act.

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Govt. to set up mechanism to prevent & control forest fires

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Taking into consideration the number of forest fires reported in the recent past, the Cabinet has approved a proposal to implement a programme to prevent the occurrence of forest fires and extinguish forest fires.  

Government said that there is a rapidly increasing risk of forest fire caused by man-made fires around forests, especially during dry weather conditions. 

“This situation is common in Badulla, Kandy, Nuwara Eliya, Matale, Monaragala, Polonnaruwa, Kurunegala, Puttalam and Rathnapura Districts. The number of forest fires reported so far this year is about 150. As a result, around 2,600 hectares of forests have been destroyed,” it said. 

Accordingly, the Cabinet approved a proposal presented by the Forest and Wildlife Conservation Minister to implement a programme with the support of the government and other relevant parties from the national-level to the rural-level to prevent the occurrence of forest fires and extinguish forest fires.

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Cabinet approves proposal to obtain USD 200mn from ADB

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The Cabinet has approved a proposal to obtain an amount of USD 200 million from the Asian Development Bank (ADB) subject to an annual interest rate of 2%.

Initial discussions between the ADB and the Sri Lankan Government were held to obtain two loan facilities worth USD 200 million each based on policies to implement two sub-programmes under the economic stabilization and reformation programme. 

It has been proposed to implement accelerated reformations to enhance the conflict management framework and the stabilization in the finance sector under the first sub-programme while it has been proposed to develop an all-inclusive resistant finance system under the second sub-programme. 

Accordingly, the proposal submitted by the President as the Minister of Finance, to enter into a loan agreement with the ADB to obtain USD 200 million with a repaying period of 25 years inclusive of a grace period of 05 years in relation to the first sub-programme, was approved by the Cabinet.

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