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Company director who defrauded New Rathna Rice released on bail

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Fort Magistrate Thilina Gamage ordered the release of Iresha Trading Pvt Limited Director Asanka Abeywardana, who allegedly defrauded the New Rathna Rice Company of Rs.16 million promising to supply fertilizer, on strict bail conditions yesterday (5).

The Magistrate made this order after considering the bail request made by senior lawyer Ajith Pathirana who represented the suspect.

The Magistrate who ordered the release of the suspect on two sureties of Rs.5 million each ordered that the suspect’s travel abroad be prohibited and the Immigration Controller be informed about the order.

The order was made by the Magistrate who considered the suspect’s agreement to pay Rs.500,000 in the open court and to pay the remaining amount before October 10.

The Colombo Crimes Division (CCD) gave information regarding the suspect, and the Magistrate made the order by examining the suspect online since he was in remand prison.

The CCD informed the court that the fraud has been committed by the suspect claiming that chemical fertilizer will be provided in June.

The police informed the court that a comprehensive investigation has been launched into the incident and more suspects are to be arrested.

The Magistrate ordered that the court be informed of the progress of the investigation in the coming days.

Source – Dinamina

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President meets Gates Foundation delegation

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President Anura Kumara Dissanayake today (July 10) met with Dr. Chris Elias, President of Global Development at the Gates Foundation, for high-level discussions focused on key areas critical to Sri Lanka’s development. 

The meeting, held at the Presidential Secretariat, explored collaborative efforts in agricultural modernisation, nutrition, digital public infrastructure and rural technological integration.

Central to the discussions was the Inclusive Digital Agriculture Transformation (IDAT) initiative, which leverages data and technology to enable better decision-making and service delivery for smallholder farmers. The initiative represents a shared commitment to modernising agriculture, improving rural livelihoods and enhancing climate resilience.

President Dissanayake welcomed the partnership, expressing optimism about the country’s path forward. “We welcome the continued support of the Gates Foundation as we work together to build a healthier, more equitable and digitally empowered Sri Lanka. This collaboration is a testament to our shared commitment to sustainable development and improving the lives of all our citizens,” he said.

He further noted that the Government seeks the Foundation’s support for its broader programme aimed at integrating rural communities with modern global technology. 

Despite the economic challenges facing the nation, the President expressed gratitude for the Foundation’s engagement and emphasised that the visit would help identify and implement national development priorities.

Representatives of the Gates Foundation reiterated their commitment to supporting Sri Lanka’s digital economy strategy. They highlighted that particular focus would be given to the digital transformation of the agriculture sector, with the aim of enhancing productivity and revitalising the economy. The Foundation also assured its full support for the wider socio-economic development agenda, including initiatives in the livestock and dairy industries.

President Dissanayake underscored the importance of connecting rural communities, many of whom remain unaware of global technological advancements, with the tools and knowledge needed for empowerment. He stressed the value of the Foundation’s global experience and technical expertise in addressing development challenges common to many countries.

“One of our Government’s foremost objectives is to extend advanced technology to all levels of society, not only to uplift the national economy but also to improve efficiency across all sectors,” the President noted.

Dr. Elias acknowledged Sri Lanka’s ongoing transformation and welcomed the opportunity for deeper engagement. “We value the opportunity to engage with the Government and local institutions as they pursue strengthened systems to support inclusive growth. Our continued discussions in areas such as agriculture, health and digital infrastructure reflect a shared interest in advancing impactful solutions. I would like to thank the President and the Government of Sri Lanka for their continued commitment to improving the lives of all those living in Sri Lanka,” he stated.

The Gates Foundation delegation included Dr. Chris Elias, President, Global Development Gates Foundation, Jamal Khan, Regional Representative for Policy & Government Relations, South and Southeast Asia; Archna Vyas, Director of Policy Advocacy and Communications, Thushan Wijesinghe, Director Enterprise Data Solutions and Chandita Samaranayake, Chairman Connect To Care. 

The Sri Lankan delegation included Deputy Minister of Digital Economy Mr. Eranga Weeraratne, Dr. Nandika Sanath Kumanayake, Secretary to the President; Dr. Hans Wijayasuriya, Chief Advisor to the President on Digital Economy; and Mr. Roshan Gamage, Senior Additional Secretary to the President.

(President’s Media Division)

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TUs oppose appointment of Premarathne as new Excise chief

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Trade Unions of the Department of Excise have opposed the appointment of M.B.N.A. Premarathne, a retired Commodore of the Sri Lanka Navy, as the new Commissioner General of Excise.

TUs say that for the first time in the history of the Excise Department, a Commissioner General has been appointed from outside despite the existence of 03 senior, qualified officials within the department.

On July 06, the department’s TUs have directed a letter to President Anura Kumara Disanayake. urging to appoint an officer from the department to the post.

According to reports, Commodore (Retd.) Premarathne is said to be the husband of NPP National List nominee for the 2024 General Election – Prof. Wasantha Subasinghe. He is also said to be hailing from the President’s hometown of Thambutthegama.

The post of Excise Commissioner General fell vacant after Udaya Kumara Perera retired from public service today (July 10) upon reaching the age of 60.

On July 07, Cabinet approval was granted to appoint Commodore (Retd.) Premarathne to the post.

The proposal was presented by President Anura Kumara Dissanayake, in his capacity as Minister of Finance, Planning and Economic Development.

(Source : Lankadeepa)

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CCC calls for ‘continued engagement’ on US tariff reduction

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The Ceylon Chamber of Commerce (CCC) says the reduction in the tariff rate from 44% to 30% is a constructive and important first step by the Government toward bringing Sri Lanka’s tariff structure for exports to the US closer to that of regional competitors.

“We encourage continued engagement with the U.S. administration to secure a further reduction by 1 August, especially given that several regional peers are expected to benefit from even lower rates,” it said, in a statement.

The CCC further said that progress in achieving a further reduction will be critical to strengthening Sri Lanka’s position in this key market, maintaining buyer confidence, and supporting sustained trade growth over the long term.

“The Ceylon Chamber stands ready to support the Government’s efforts in this regard through constructive dialogue, industry feedback, and coordinated advocacy,” the statement adds.

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