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Sri Lanka to host Digital Economy Summit in July

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The State Minister for Technology, Mr. Kanaka Herath, announced that the anticipated National Cyber Security Act will be introduced this year, followed by the establishment of the Cyber Security Authority.

Additionally, the State Minister underscored the preparations made for the Digital Economy Summit scheduled to take place in Sri Lanka by the end of July. The summit serves as a platform for fostering innovation, collaboration, and investment in digital technologies, thus propelling the country towards a more resilient and prosperous digital economy.

Speaking at a press briefing titled “Collective Path to a Stable Country” held at the President Media Centre (PMC) today (29),

State Minister Herath further said;

The digital economy, which previously stood at 4.73%, has now surpassed the 5% mark, indicating significant growth.

This expansion has notably bolstered the country’s overall economic resilience. To further enhance this momentum, preparations are underway for the Digital Economy Summit scheduled to take place in Sri Lanka at the end of July. The summit aims to attract both local and foreign investors, with collaborative efforts from foreign embassies, the Ministry of Foreign Affairs, and the Ministry of Investment Promotion facilitating this initiative.

Furthermore, a sum of Rs. 50 million derived from the profits of Sri Lanka Standards Institution (SLSI) was allocated to the treasury in the previous year. In line with President Ranil Wickremesinghe’s proposal, a new initiative has been launched to uplift small and medium-sized industrialists, who constitute 52% of the country’s economy. This endeavour seeks to empower such enterprises technologically, offering them Good manufacturing practice (GMP) and SLSI certifications. Additionally, plans are underway to facilitate access to low-interest loans through the Asian Development Bank (ADB), with the ultimate goal of guiding these small and medium-sized industrialists into the market.

(dailynews.lk)

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Iran – SL sign 5 MoUs (Video)

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Iran and Sri Lanka signed five memorandums of understanding (MoUs), aimed at bolstering bilateral relations between the two countries.

The MoUs signed will cover cooperation in film, media, tourism, cooperatives, libraries, and cultural, scientific, technical, and sports fields between the two countries, the Presidential Media Division notes.

Earlier in the evening, the Iranian President – Dr. Ebrahim Raisi and his Sri Lankan counterpart President Wickremesinghe held one-on-one discussions, followed by a bilateral meeting between representatives of both nations at the Presidential Secretariat.

(Video – PMD)

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Imported milk powder prices slashed

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The price of imported milk powder will be reduced with effect from tomorrow (April 25), the Milk Powder Importers’ Association states.

Accordingly, the price of a 01 kg pack will drop by Rs. 250 – Rs. 300 while the price of 400g pack will be slashed by Rs. 100ත් – Rs. 130.

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Injunction against Wijedasa and Sarathie

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The Colombo District Court today (April 24) issued an injunction order preventing the appointment of Minister Wijeyadasa Rajapakshe as the Acting Chairman of the Sri Lanka Freedom Party (SLFP).
The court has also issued an injunction order preventing MP Sarathie Dushmantha Mithrapala from functioning as the General Secretary of SLFP.

Colombo District Judge Sandun Withana issued these orders after considering a complaint filed against the respective appointments.

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