Connect with us

News

Indian Defence Minister’s visit deferred (Update)

Published

on

The Indian High Commission in Sri Lanka states that the Indian Defence Minister’s visit to Sri Lanka has been deferred.

The Indian HC adds that fresh dates are to be decided later.

The Indian Defence Minister – Shri Rajnath Singh was scheduled to visit Sri Lanka this weekend (September 02-03) to review bilateral defence ties.


(Previous News: 01st Sep. 2023 at 06:02pm)

Indian Defence Minister to visit Trinco & N’Eliya

Defence Minister of India, Shri Rajnath Singh is scheduled to visit Sri Lanka this weekend (September 02-03) to review bilateral defence ties.

During the visit, Mr. Singh will hold talks with President and Defence Minister of Sri Lanka – Mr. Ranil Wickremesinghe and Prime Minister – Mr. Dinesh Gunawardena, a statement by the Indian High Commission in Colombo notes.

The entire gamut of India’s defence ties with Sri Lanka will be reviewed during these meetings. 

Mr. Singh will also visit Nuwara Eliya and Trincomalee.

In a statement, the Indian High Commission in Sri Lanka states : “This visit of Shri Rajnath Singh reiterates India’s continued commitment in furthering the existing warm and friendly relations with Sri Lanka. The visit is an important landmark in deepening the enduring bonds of friendship between the two countries in the defence sphere.”

INS Delhi arrives in Colombo

Meanwhile, the Indian Naval Ship (INS) ‘Delhi’ arrived at the port of Colombo on a formal visit this morning (Sep. 01) and was welcomed by the Sri Lanka Navy in compliance with naval tradition.

INS ‘Delhi’ is a 163.2m long Destroyer manned by a crew of 450 and the ship is commanded by Captain Abhishek Kumar. Meanwhile, the Commanding Officer of the ship called on Commander Western Naval Area, Rear Admiral Suresh De Silva at the Western Naval Command Headquarters this morning.

During the ship’s stay, the crew will take part in several programmes organized by the Sri Lanka Navy, with a view to promoting cooperation and goodwill between two navies. They are also expected to visit some of the tourist attractions in the country.

In addition, INS ‘Delhi’ has made arrangements to open the ship for the visit of school children. 

Further, training exchanges are scheduled to be held aboard, involving naval personnel from both navies. The ship is expected to depart the island on 03rd September and she will conduct a Passage Exercise (PASSEX) with a ship of Sri Lanka Navy, off Colombo.

(Pics : navy.lk)

BIZ

Rs. 20 Bn loan lifeline for SMEs

Published

on

By

The government has taken measures to implement a Rs.20 billion credit scheme to revive the micro, small and medium enterprise sector in Sri Lanka.  

Accordingly, the Cabinet of Ministers has granted its consent to the proposal forwarded by President Ranil Wickremesinghe in his capacity as the Finance, Economic Stabilization and National Policies Minister to implement a credit scheme to revive the micro, small and medium enterprise sector.

Speaking at the weekly Cabinet media briefing held yesterday at the Government Information Department, Cabinet Spokesman, Transport, Highways and Mass Media Minister Dr. Bandula Gunawardhana said the proposed Rs.20 billion will be spent on the entire project which has two components.

“Out of this, Rs.15 billion will be used to strengthen existing and new enterprises and the remaining amount of Rs.five billion will be used to support enterprises under the non-performing loan category.

A significant number of small and medium scale entrepreneurs involved in manufacturing, import, export, tourism, apparel and various other commercial operations have found it very difficult to continue running their enterprises as a result of the economic downturn and the impact of external factors beyond their control.

The Asian Development Bank has agreed to provide working capital support for the Small and Medium Enterprise sector as a relief. The proposed programme is intended to provide credit facilities to existing micro, small and medium scale enterprises for further expansion and recovery of their businesses through licensed commercial banks and licensed specialised banks at concessional interest rates.

(dailynews.lk)

Continue Reading

News

Bakery industry in crisis as bread and bun sales decline

Published

on

By

The All Ceylon Bakery Owners’ Association (ACBOA) has reported a significant drop of around 50% in the sales of cakes, bread, and buns in the local market. The association attributes this decline to the high manufacturing costs currently faced by the bakery industry.

According to the ACBOA, the costs of margarine and butter have surged to Rs. 1,000 and Rs. 3,000 per kilogram, respectively. Additionally, the association cited challenges in obtaining imported eggs from India, forcing them to purchase locally produced eggs at Rs. 60 each.

The chairman of the association expressed concerns about the impact these rising costs have on the bakery industry. In light of these challenges, the ACBOA is urging the government to provide concessions and work towards reducing the prices of essential ingredients before the upcoming Sinhala and Hindu New Year.

The association’s plea emphasizes the need for government support to help stabilize the bakery industry and ensure its sustainability amid the current economic challenges. Further updates on the situation and any government response will be monitored closely.

Continue Reading

News

Former Minister Ronnie de Mel no more

Published

on

By

Former Minister – Ronnie de Mel has passed away today (27) while being treated at a private hospital, reports say.

He was aged 99 years old.A former civil servant, he was the Minister of Finance from 1977 – 1988 under the United National Party government and holds the record for the largest number of budgets presented by a finance minister.

Continue Reading

Trending

Copyright © 2023 Sri Lanka Mirror. All Rights Reserved