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US training on Accounting Standards & IT

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The first group of Sri Lankan public sector accounting and auditing professionals participated in Sri Lanka Public Sector Accounting Standards 11-20 through a training by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and its public sector wing, the Association of Public Finance Accountants of Sri Lanka (APFASL).

The U.S. Government, through its development arm – the U.S. Agency for International Development (USAID) – supported the training under its Partnership for Accelerating Results in Trade, National Expenditure, and Revenue (PARTNER) activity.

The first 50 of a total 600 public sector accountants and auditors learned about the standards, which provide a framework for preparing and presenting financial statements under the accrual accounting system in line with international best practices. The partnership of USAID, CA Sri Lanka, and the APFASL will also train 1,200 public sector workers on the effective application of IT systems for data management, analysis, and strategic decision-making.

“As one of the country’s longstanding development partners, we are committed to help strengthen and streamline Sri Lanka’s public financial management practices and thereby its path to recovery,” USAID Sri Lanka and Maldives Mission Director Gabriel Grau said at the inaugural training. “Further strengthening skills and competencies of key accounting and auditing professionals can help contribute to this long-term goal through improved financial analysis, planning, and management”.

In his opening remarks, Mr. V. Kanagasabapathy, President of APFASL, said: “Strong public financial management is imperative to achieve the long-term goals of any country, therefore, in our standing as the public sector wing of CA Sri Lanka, APFASL has taken immense pride in being a catalyst in helping strengthen the public financial management practices in Sri Lanka. We are delighted that the U.S. Government has recognized our important work and is supporting our efforts to help public sector accounting and auditing professionals perform better.”

Mr. Heshana Kuruppu, CA Sri Lanka Vice President said, “The public sector in Sri Lanka is considered to be large in comparison to the size of our economy, employing approximately 1.5 million people. This sector also holds the key to helping change the lives of 22 million people. Excellent public financial management will play a critical role in achieving this important objective and improve productivity of the sector. As the national body of accountants, CA Sri Lanka together with APFASL are committed to helping the public sector contribute effectively to the economy. The launch of this landmark program with USAID is part of our continuing efforts to achieve this crucial goal.”

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CID takes over probe into Sabaragamuwa University ragging incident

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The investigations into the ragging incident at the Sabaragamuwa University have been handed over to the Criminal Investigations Department (CID).

 Some students of the Faculty of Technology at the University of Sabaragamuwa had lodged a complaint with the Samanalawewa police station on April 29, 2025 over a ragging incident.

Accordingly, the police recorded statements from 20 students who were subjected to ragging yesterday.

Further investigations into the complaint were handed over to the CID today following the instructions of the Acting IGP, Police said.

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President flags national security risk in Starlink deal

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There is a weakness in the initial agreement we made with Starlink, as it does not grant us access to its data systems in the event of a national security issue, unlike the arrangements we have with existing telecom providers in Sri Lanka, President Anura Kumara Dissanayake said.

He made these remarks while participating in a television programme last night.

He explained that the government was able to uncover several security threats—such as the Arugam Bay incident and the recent court shooting—because it has access to local telecommunications systems, under legal permissions granted to existing providers.

However, he pointed out that the government does not have access to Starlink’s data systems, as such provisions were not included in the initial agreement.

“This poses a direct threat to national security. There isn’t even a designated person to take responsibility, and we have no legal grounds to access the system,” he said.

He added that the government had raised this concern with Starlink, and in response, the company has agreed to provide a dashboard to access certain data.

“But we still don’t clearly understand the extent of access this dashboard will provide,” he said.

As a precaution, the government has allowed the release of equipment necessary to build the dashboard.

“Once it is operational, we will be able to assess how much access to data we actually have,” he concluded.

(dailymirror.lk)

(Except for the headline, this story, originally published by dailymirror.lk has not been edited by SLM staff)

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President begins historic state visit to Vietnam

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President Anura Kumara Dissanayake departed for Vietnam a short while ago, commencing his official state visit to the Socialist Republic of Vietnam, according to the President’s Media Division (PMD). 

At the invitation of the President of Vietnam, Luong Cuong, President Anura Kumara Dissanayake is undertaking a state visit to Vietnam from May 4 to 6. 

This visit marks the celebration of 55 years of diplomatic relations between Sri Lanka and Vietnam and is expected to further strengthen the long-standing bilateral ties between the two nations.

During the visit, President Dissanayake will hold official discussions with the President and Prime Minister of Vietnam. He is also scheduled to meet with senior dignitaries, including the General Secretary of the Communist Party.

President Dissanayake will also participate as the chief guest at the United Nations Day of Vesak celebrations, scheduled to commence on May 6 in Ho Chi Minh City, where he will deliver the keynote address.

Several Memoranda of Understanding and Agreements are expected to be signed during the visit and discussions will be held with the Vietnamese business community to explore avenues for enhanced cooperation.

Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, along with a delegation of senior government officials, are accompanying President Dissanayake on this official visit.

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