Pensioners receiving their pensions through post offices and sub offices will be able to access their funds from Oct. 18th.
The Department of Pensions is set to distribute a monthly interim allowance of Rs. 3,000 to all pensioners starting today (Oct. 16).
President Anura Kumara Dissanayake, who looked into the delays in disbursing the proposed monthly interim allowance of Rs. 3,000 for pensioners, has recently directed that the necessary funds be released from the Treasury.
In line with these directives, the Treasury has allocated the required amount to the Department of Pensions, which will begin crediting the allowances to pensioners’ accounts today.
Although Public Administration Circular No. 02/2024, issued on 24th August 2024, called for the monthly interim allowance, funding had not been allocated.
Following a Cabinet meeting on the 14th, the Treasury Operations Department has provided an allocation of Rs. 2,021 million for 679,960 pensioners this month.
As a result, the head office of the Department of Pensions will begin disbursing this allowance starting today (16).
Funds have been credited to the bank accounts of pensioners receiving pensions from public and private banks today, while those receiving pensions from post offices and sub offices will be able to access their allowance from 18th October.
Adani Green Energy has decided to withdraw from its proposed wind energy project in Mannar, Sri Lanka. The company has conveyed this decision in a letter addressed to the chairman of Sri Lanka’s Board of Investment.
“It was learnt that another Cabinet appointed negotiations committee and Project Committee would be constituted to renegotiate the project proposal,” the company wrote in a letter, a copy of which was seen by Reuters, addressed to the chairman of Sri Lanka’s Board of Investment.
“This aspect was deliberated at the Board of our company and it was decided that while the company fully respects the sovereign rights of Sri Lanka and its choices, it would respectfully withdraw from the said project,” the letter added.
Adani Green Energy is a part of Indian billionaire Gautam Adani’s Adani Group.
The Attorney General has informed Mt. Lavinia Magistrate’s court that the recent recommendation made by him regarding the suspects involved in the murder of Sri Lankan journalist – Lasantha Wickrematunge will be suspended temporarily.
The AG has informed the Court of this in writing today (Feb. 13).
In a letter sent to the Director of the CID on Jan. 27, the Attorney General had previously provided his legal advice, regarding the release of three individuals.
Coinciding with the President’s three-day official visit to the United Arab Emirates (UAE) to attend the World Governments Summit 2025, Sri Lanka and the UAE reached an agreement on Reciprocal Promotion and Protection of Investments to strengthen economic and investment relations between the two countries.
The agreement was signed by Mohamed Bin Hadi Al Hussaini, UAE’s Minister of State for Financial Affairs, and Vijitha Herath, Sri Lanka’s Minister of Foreign Affairs.
This bilateral agreement establishes a secure legal framework to expand investment opportunities in global markets while ensuring the protection of foreign investments.
The purpose of this agreement is to facilitate and strengthen foreign investments between the two nations by ensuring investor rights protection, promoting economic cooperation, and establishing comprehensive investment protection mechanisms, dispute resolution frameworks, and policy structures. This agreement will also contribute to strengthening global economic partnerships and creating opportunities for exploring new investment prospects in Sri Lanka.
This agreement underscores the importance of bilateral economic development and financial stability while demonstrating the commitment of both the United Arab Emirates and Sri Lanka to strengthening economic cooperation. It aims to foster trade and business expansion in Sri Lanka while promoting a transparent and stable investment environment.
Furthermore, this agreement also highlights Sri Lanka’s commitment to enhancing Foreign Direct Investment (FDI) and fostering a more attractive investment landscape. By enhancing investor confidence, it is expected to generate new business opportunities and contribute to economic progress.
Ultimately, this agreement will reinforce the long-term partnership between the UAE and Sri Lanka, facilitating sustainable investments and advancing trade and financial collaborations between the two countries.