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GoSL – GGGI signs host country agreement

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A Host Country Agreement was signed between the Government of Sri Lanka and the Global Green Growth Institute (GGGI) progressing Sri Lanka’s climate action and further deepening Sri Lanka’s green growth development. The agreement was signed in the presence of President Ranil Wickremesinghe and Former Secretary General of the UN and the President of the Assembly and Chair of the Council of the Global Green Growth Institute (GGGI) Ban Ki-Moon, this afternoon (07).

The agreement was signed, enabling the Government and the GGGI to effectively plan and implement green growth initiatives in the country. It was signed at the Presidential Secretariat by the Secretary of the Ministry of Environment Dr Anil Jasinghe, on behalf of the Sri Lankan Government and by the Director General of GGGI Frank Rijsberman on behalf of the GGGI.

These initiatives include the implementation of the on-going National Adaptation Plan (NAP) and Readiness Support project, funded by the Green Climate Fund (GCF), to enhance capacity and institutions. The project includes the development of provincial adaptation plans and the identification of climate adaptation investments to implement these plans.

Sri Lanka joined GGGI as a Member in 2019. Sri Lanka was elected as Vice President of the Assembly and Vice Chair of the Council of GGGI in October 2022. GGGI is hosted by the Ministry of Environment at the Climate Change Secretariat and Policy Planning Division.

GGGI is dedicated to supporting and promoting strong, inclusive, and sustainable economic growth in developing countries and emerging economies. It serves the role of an enabler and facilitator of Members’ transition into a low-carbon green economy, providing policy advice and technical support in the development of green growth plans, policies and regulations, mobilization of green investments, implementation of green growth projects, and development of local capacities and knowledge sharing.

The Korean Ambassador to Sri Lanka Santhush Woonjin Jeong, Environment Minister Nazeer Ahamed, Senior Advisor to the President on National Security and Chief of Staff to the President Sagala Rathnayake, Secretary to the President Saman Ekanayake, Senior Advisor to the President on Climate Change Ruwan Wijewardene, Advisor to the President Ananda Mallavitantri, Lead Director of ODG of GGGI Dave H. Kim, Head of Programs, GGGI Dr Achala Abeysinghe and Dr Sonali Senaratne participated in this event.

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Special Unit at BIA to inform passengers of SriLankan flight delays

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Minister of Aviation Vijitha Herath has directed the Airport and Aviation Chairman and relevant officials to establish a Special Unit representing officials of the Bandaranaike International Airport (BIA) and SriLankan Airlines at the BIA premises, to coordinate and communicate flight delays.

This Special Unit at the BIA is to address domestic and foreign complaints regarding SriLankan Airline flight delays.

Minister Vijitha Herath made an observation tour of the BIA on Sunday (10) morning to investigate complaints about SriLankan Airline flight delays.

The Special Unit, which will operate 24/7, will provide passengers with instant updates on any flight delays and will further provide maximum facilities to all passengers at the BIA during flight delays.

Minister Vijitha Herath further instructed all relevant officials to work towards minimising any flight delays. Minister Vijitha Herath also instructed the authorities to provide reasonable solutions to problems in all aspects within the BIA premises.

(DailyNews)

(This story, originally published by DailyNews has not been edited by SLM staff)

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Govt. prioritizes relief for SMEs in SL

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A special meeting was held today (Nov. 11) at the Presidential Secretariat to address relief measures for Small and Medium Enterprises (SMEs) facing financial challenges.

The meeting was led by the Senior Additional Secretary to the President for Finance and Economic Affairs, Mr. G. N. R. D. Aponsu, and included officials from the Ministry of Finance, the Central Bank of Sri Lanka, and Sri Lanka Banks’ Association (Guarantee) Limited.

The discussions focused on the financial difficulties encountered by SMEs due to loan obligations.

Currently, debt recovery processes under the Parate law have been temporarily suspended for SMEs, with this suspension set to expire on December 15. The meeting considered potential steps that could be taken before the expiration date to further support struggling SMEs.

Attendees examined ways for the banking sector to provide additional support to SMEs and boost productivity in the economy. During the discussions, it was also decided to compile a comprehensive report on the loans taken by SMEs from banks. This report will serve as a basis for designing future relief measures.

Additionally, the Central Bank of Sri Lanka and various commercial banks are evaluating the steps needed for the temporary suspension of debt recovery under the Parate law for SME loans.

The discussion was attended by several key officials, including Mrs. R. R. S. De Silva Jayathilake, Director of Bank Supervision at the Central Bank of Sri Lanka, and Mr. A. M. A. D. Amarakoon, Senior Assistant Director at the Central Bank of Sri Lanka. Also present were representatives from the Sri Lanka Banks’ Association (Guarantee) Limited: Mr. Indrajith Boyagoda, Secretary General; Mr. Dilshan Rodrigo, Chief Executive Officer of Union Bank; Mr. Manoj Akmeemana, Senior Deputy General Manager of Sampath Bank; Mr. Sampath Perera, Deputy General Manager of Bank of Ceylon; Mr. Nalin Samaranayake, Assistant General Manager of Commercial Bank; Mr. Nirosh Perera, Chief Recovery and Rehabilitation Officer of Hatton National Bank; and Mr. Bingumal Thewarathanthri, Chief Executive Officer of Standard Chartered Bank.

(President’s Media Division)

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CSE to close early on Nov. 14 for Gen. election

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The Colombo Stock Exchange has stated their decision to close the market early in view of the Parliamentary Election. 

Therefore, trading hours will be from 9:30 a.m. to 12:30 p.m. on Thursday (Nov. 14).

Regular trading hours will resume on Monday, 18th November 2024.

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