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Cabinet nod to obtain USD 200 mn. World Bank funding

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The Cabinet of Ministers has granted approval to enter into an agreement with the International Development Association of the World Bank Group in order to obtain funding for the implementation of a project to strengthen the social security system in Sri Lanka.

Earlier on May 08, 2023, the Cabinet had approved to negotiate agreements with the World Bank Group to obtain the necessary funds to implement a project that will provide better-targeted income support and livelihood opportunities to the poor and vulnerable, and strengthen the social security system.

During the negotiations held accordingly, the World Bank agreed to provide a loan amounting to USD 200 million in the form of three components including USD 185 million to support the ‘Aswesuma’ welfare benefits programme, USD 07 million to support the implementation of a pilot project to strengthen the selected beneficiaries, and USD 08 million to strengthen the overall project management and social security system.

Accordingly, the Cabinet of Ministers has approved the proposal presented by the President as the Minister of Finance, Economic Stabilization and National Policy to enter into the relevant agreement with the International Development Association of the World Bank Group to obtain the loan of USD 200 million from the World Bank.

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CAA seizes bottled water stock in Hemmatagama over violations

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The Consumer Affairs Authority (CAA) raided a factory in Hemmatagama, Mawanella, seizing over 3,000 bottles of drinking water prepared for distribution.

Investigations revealed that the factory’s Health Ministry registration certificate had expired and was obtained using false information. The seized stock included bottles of varying sizes from 500 ml to 19 liters.

The CAA emphasized that falsely claiming standards or endorsements violates the CAA Act, and legal action will be taken against the violators. Regular raids are conducted to prevent consumer deception.

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POIASL renews call to lift oil palm cultivation ban

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The Palm Oil Industry Association of Sri Lanka (POIASL) has urged the Government to reconsider the 2021 ban on oil palm cultivation, citing its economic, environmental, and strategic benefits.

Speaking at the association’s fifth AGM, President Dr. Rohan Fernando criticized the ban as an “ill-conceived decision” lacking scientific basis, driven by vested interests. He emphasized that oil palm is the most efficient vegetable oil crop, meeting over 40% of global demand.

Fernando argued that expanding oil palm cultivation could reduce edible oil imports, save foreign exchange, and create jobs. He highlighted India’s accelerated oil palm expansion as a model and called for collaboration with major producers like Indonesia, Malaysia, and India.

The AGM concluded optimistically, with hopes that the new administration will reconsider the ban to align with its goals of food security, poverty alleviation, and economic growth.

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Met Department forecasts showers in several provinces

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The Meteorology Department says several spells of showers will occur in Northern and Eastern provinces. 

Showers or thundershowers may occur at several places in Western, Sabaragamuwa and Southern provinces and in Nuwara-Eliya and Kandy districts during the evening or night.

Mainly fair weather will prevail elsewhere, the Met. Department added.

Misty conditions can be expected in most places of the island during the morning.

Thus, the general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

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