News

President AKD holds discussion with World Bank Group President

Published

2 weeks ago

November 28, 2024

editor

A virtual meeting was held yesterday (Nov. 27) between President Anura Kumara Dissanayake and the President of the World Bank Group (WBG) Mr. Ajay Banga at the Presidential Secretariat, to discuss Sri Lanka’s future development priorities.

The President of the World Bank Group highlighted his commitment to promoting job creation and addressing critical development challenges. These priorities include providing Sri Lanka with financial and technical assistance to implement innovative solutions in sectors such as People’s education, healthcare, social protection, and economic prosperity. The World Bank’s support also extends to economic policy, finance, competitiveness, investments, institutional development, and poverty alleviation. Additionally, efforts are focused on advancing agriculture, water management, climate action, environmental sustainability, social inclusion, infrastructure, and digital transformation.

During the meeting, President Dissanayake emphasized the government’s focus on poverty alleviation, particularly in rural areas. He also stressed the need for increasing government revenue through digitalization and by strengthening key sectors such as tourism, the maritime industry, state-owned enterprises (SOEs), and the energy sector, with a focus on encouraging investor participation in power generation.

The President further discussed efforts to promote economic development in the North and East of Sri Lanka, particularly in improving education, healthcare, and human resource development. President Dissanayake also emphasized the need to improve vocational education parallel with academic education to meet the evolving needs of the workforce in these regions.

The President of the World Bank Group revealed that Sri Lanka has been selected as one of 20 countries worldwide to host the integrated South Asia office, set to open on July 25, 2025.

This initiative is part of Mr. Banga’s plan to establish 20 integrated country offices to improve coordination among the four key World Bank Group institutions: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA).

Deputy Minister of Economic Development Prof. Anil Jayantha and Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma also participated in the discussion.

(President’s Media Division)

News

Faiszer Musthapha’s name gazetted as MP

Published

9 hours ago

December 11, 2024

editor

Former Minister Faiszer Musthapha’s name has been gazetted by the Election Commission as a National List MP of the National Democratic Front.

The NDF contested under the symbol of a Gas Cylinder at the recently concluded General Election.

2414-11_E Download

News

CID ordered to develop program to reimburse ‘Onmax DT’ depositors

Published

10 hours ago

December 11, 2024

editor

The Criminal Investigation Department (CID) has reported to the Colombo Magistrate’s Court that a total of 2,017 complaints have been filed by depositors who claim to have been cheated out of their money after investing in ‘Onmax DT,’ a private firm alleged to have been operating a pyramid scheme.

According to the CID, the total estimated financial losses incurred by the complainants amounts to around Rs. 2.96 billion.

During a hearing before Colombo Chief Magistrate Thilina Gamage today (11), CID officials disclosed that a total of 865 new complaints have been received since the last hearing, and that additional complaints continue to be received.

Nine suspects, including the directors of Onmax DT, appeared before the court for the hearing. The CID further informed the court that three other suspects remain overseas, and open warrants have been issued for their arrest.

Investigations against the suspects are being conducted under the Prevention of Money Laundering Act and the CID revealed that inquiries into two suspects have been completed and the excerpts of the investigations have been referred to the Attorney General.

Additionally, the CID officials informed the court that properties belonging to the suspected directors have been identified in foreign countries, including Australia, and investigations are being carried out in collaboration with the INTERPOL.

Colombo Chief Magistrate Thilina Gamage instructed the CID to immediately develop a program to reimburse the depositors who suffered financial losses.

The court ordered the CID to present an update on the progress of the investigation at the next hearing, scheduled for February 5, 2025.

(adaderana.lk)

(This story, originally published by adaderana.lk has not been edited by SLM staff)

News

New Naval Attaché at Chinese embassy in SL calls on Navy commander (Pics)

Published

10 hours ago

December 11, 2024

editor

The new Naval Attaché at the Embassy of the People’s Republic of China in Sri Lanka, Senior Captain Zheng Zhaoping called on Commander of the Navy – Vice Admiral Priyantha Perera at the Navy Headquarters on Dec.10.

During the ensuing meeting, they exchanged views on several matters of bilateral importance, and the cordial discussion drew to a close with an exchange of mementoes, as a gesture of goodwill and cooperation.

Director General Health Services, Rear Admiral Janaka Marambe, Director General Operations, Rear Admiral Buddhika Liyanagamage, Director Naval Operations, Commodore Aruna Weerasinghe and Defence Attaché at the Embassy of the People’s Republic of China in Sri Lanka, Senior Colonel Zhou Bo were present on this occasion.