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Chinese financial aid transferred to Treasury

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The People’s Republic of China has provided financial assistance totaling approximately Rs. 30 million to compensate for damage to houses and properties caused by natural disasters from January 1 to October 30, 2024. This amount has been forwarded to the Treasury, the President’s Media Division states.

The PMD says that the Department of National Budget has allocated further financial provisions to the Ministry of Defence for the reconstruction of homes affected by the disasters. The Department of Treasury Operations has promptly released these funds to the Ministry of Defence.

The PMD further notes : 

These additional provisions were necessary because the 2024 budget did not include adequate funds to address the needs of disaster victims.

Furthermore, material assistance worth 10 million Yuan is expected from the People’s Republic of China under the Emergency Humanitarian Assistance Program. The goods will be properly accounted for and distributed once received.

Finally, steps have been taken to ensure the timely disbursement of compensation for damaged homes and properties, as well as the swift completion of reconstruction and renovation efforts, through the Disaster Relief and Monitoring Project.

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Govt. instructs to facilitate Bora Conference

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Secretary to the President Dr Nandika Sanath Kumanayake has instructed relevant officials to provide the maximum support necessary to successfully hold the Global Bora Community’s Spiritual Assembly and Convention scheduled to take place in Sri Lanka.

The Secretary to the President issued these instructions during discussions held today (12) at the Presidential Secretariat regarding the Global Bora Conference and Convention.

The Bora Conference and Convention will be held from 27 June to 05 July, coinciding with the Bora Community’s Spiritual Assembly, centred on the Bambalapitiya Bora Mosque and the Sri Lanka Exhibition and Convention Centre, with the participation of the community’s Spiritual Leader His Holiness Dr Syedna Mufaddal Saifuddin Sahib.

Approximately fifteen thousand members of the Bora Community from India and numerous other countries are expected to arrive in Sri Lanka for this Convention and Conference. Extensive discussions were held regarding the provision of all infrastructure facilities, including airport arrangements, for them.

A group of the Bora Community’s religious leaders, along with officials including the Secretary to the Foreign Ministry, Aruni Ranaraja and Senior Additional Secretary to the President Roshan Gamage, participated in this occasion.

(President’s Media Division)

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CBSL advises banks to further assist affected SMEs

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The Central Bank of Sri Lanka (CBSL), with a view to facilitating sustainable revival of businesses that were adversely affected during the recent past has advised the licensed commercial banks and licensed specialised banks (hereinafter referred to as licensed banks) to provide further concessions to those SME borrowers who commenced discussions for business revival with the respective banks by 31.03.2025. 

These relief measures are in line with Circular No. 04 of 2024 dated 19.12.2024 on Relief Measures to Assist the affected SMEs and the Addendum Circular No. 01 of 2025 dated 01.01.2025.

Accordingly, licensed banks have been advised to provide further concessions including interest reliefs and new lending to affected borrowers while the timeline given to the licensed banks in Circular No. 04 of 2024 to enter into reschedulement agreements with eligible SME borrowers has been extended from 15.06.2025 to 30.06.2025.

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Student killed & 16 Injured after tree branch falls on school building

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A tragic incident occurred in the Balangoda area this afternoon (June 12), where 

A large tree branch had fallen on a school building in Balangoda today (June 12) afternoon, resulting in the death of a student and causing injuries to 16 others.

According to Balangoda Police, the deceased was a 17-year-old student. 

The injured have been hospitalised for treatment.

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