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WB urges GoSL to stay the course on reforms for recovery

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World Bank Managing Director for Operations, Anna Bjerde, concluded her four-day visit to Sri Lanka today, encouraging the Government of Sri Lanka to stay the course on reforms for recovery and sustainable growth. 

She also underscored the World Bank’s continuous commitment to investing in people, strengthening human capital, and creating jobs.

Bjerde met with Sri Lanka’s President and Minister of Finance – Ranil Wickremesinghe, cabinet ministers, representatives of opposition parties, civil society, private sector, development partners, and World Bank project beneficiaries.

She participated in a roundtable hosted by the President with key ministers, private sector representatives, and development partners—including members of the MDB+ platform, which includes Multilateral Development Banks (MDBs) and bilateral development partners. The platform enables member institutions to coordinate their engagement with Sri Lanka. The roundtable focused on Sri Lanka’s progress on structural reforms, mobilizing private capital for development, supporting job creation, human capital development, and regional cooperation.

As Sri Lanka recovers from a series of unprecedented shocks with devastating impacts, it is crucial to stay the course on sound and timely reforms in order to stabilize the economy while fostering economic growth that can attract investment, generate jobs, protect the poorest and most vulnerable, and build resilience to future crises. But equally important is the need to strengthen governance, citizen engagement, and social cohesion, a must for inclusive growth,” said Bjerde.

Her trip included visits to World Bank-supported projects in the Northern and North Central Provinces related to agriculture, health, climate change, private sector development, and financial inclusion for women.

“During my visit, I heard about the challenges Sri Lankans face. Skilled professionals are leaving the country, farmers are struggling to cope with a changing climate, and entrepreneurs are constrained by a lack of investment and access to credit. But I also saw huge opportunities to scale up climate-smart agriculture, harness renewable energy, boost entrepreneurship, promote competitiveness and regional connectivity,” added Bjerde. “The World Bank will continue to support Sri Lanka on its journey to recovery, connecting farmers to markets, strengthening access to healthcare, boosting innovation, pursuing transformation through infrastructure investments, and creating quality jobs for women and youth.”

The World Bank has been a partner to Sri Lanka for more than 70 years, providing financial and knowledge support to the country.

At the onset of the economic crisis in May 2022, the World Bank moved fast to help protect the people of Sri Lanka—particularly the poor and vulnerable—from the worst impacts by repurposing funds from the existing portfolio. In addition, the World Bank was one of the earliest responders to the crisis and initiated a coordination platform with the Asian Development Bank and the Asian Infrastructure Investment Bank to align emergency assistance to help sustain basic services and commodities.

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Sathosa to sell rice at Rs. 220 per kilo

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Trade, Commerce, Food Security and Co-operative Development Minister Wasantha Samarasinghe told Parliament yesterday that action will be taken to sell 200,000 kilograms of rice daily to the public through the ‘Lanka Sathosa’, at a controlled price of Rs.220 per kilo to the public from today.

The Minister also said that steps will be taken to provide a coconut to the people in the suburban areas through Lanka Sathosa at a price of Rs.130 a nut within the next two weeks. He said this while participating in the debate on the government’s policy statement presented by President Anura Kumara Dissanayake recently.

The Minister also said that rice mill owners have agreed to release 200,000 kilos of rice per day to be sold through Lanka Sathosa at a price of Rs.220 per kilo.

The Minister also said that considering the current demand for rice in the local market and the damage caused to paddy cultivation due to heavy rains, the rice import restrictions have been lifted until midnight on December 20. The Minister also stated that the Government has taken steps to provide solutions to this problem by making rice available in the market as a solution to the rice shortage that has arisen in the market. Steps have been taken to solve the coconut shortage in the market in the next two to three weeks and to prevent consumers from exploiting. For this, 1 million coconuts will be released to the market.

In the past, various individuals and institutions have intervened to create shortages of goods in the country. We are trying to resolve this problem through discussions with those individuals and organisations. Otherwise, we will take specific measures as a government to prevent the people from being inconvenienced and exploiting,” he said.

(dailynews.lk)

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

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DSI obtains enjoining order against infringement of ‘Fun Souls’ brand

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Action was filed in the Commercial High Court of Colombo by DSI through their Attorneys Sudath Perera Associates against the entity Lakpa Footwear Ltd., with its headquarters based in Horana. The action was filed for the infringement of DSI’s ‘Fun Souls’ trademark and brand and the shoe design on the basis of trademark infringement, unfair competition, and passing-off.

D. Samson & Sons Ltd., widely known as DSI, is a leading homegrown brand and manufacturer of footwear, apparel, and bicycle tyres across the country and has established a strong reputation for quality products in Sri Lanka since its inception. In 2016, DSI introduced and developed the brand ‘Fun Souls’ with a youth identity, to offer a range of unique shoes and bags, including infant shoes, toddler shoes, boys’ and girls’ footwear, and accessories. This ‘Fun Souls’ shoe design was an original concept presented by the DSI brand family.

On 1 November, Commercial High Court Judge Jagath A. Kahandagamage issued an enjoining order against the Defendant for engaging in the sale of kids’ footwear with a brand name/design identical or confusingly similar to the ‘Fun Souls’ trademark and the shoe design.

The Plaintiff, DSI, pleaded that the Defendant has copied the mark ‘Fun Souls’ and the design of the shoe belonging to the Plaintiff in a similar manner with the deliberate intention of passing off its products as those of the Plaintiff.

The Plaintiff further pleaded that the slight, insignificant changes in the impugned mark and the design used by the Defendant are unnoticeable to the average consumer and deliberately adopted with the mala fide intention of the Defendant to usurp the goodwill and reputation of the Plaintiff’s ‘Fun Souls’ trademark and the shoe design.

The Commercial High Court, after hearing the submissions of the Lead Counsel for the Plaintiff, issued an enjoining order as requested by the Plaintiff. The order restrains the Defendant from continuing to use or carrying out business using its infringing shoe design, under the name, sign, or mark ‘Fun Shoe,’ which is misleadingly similar to the Plaintiff’s trademark ‘Fun Souls’ and its associated shoe design.

It also prohibits the Defendant from using any other variation of the name, sign, mark, or shoe design that is confusingly similar to the Plaintiff’s trademark or trade name, and from adopting any trade name or trademark that could cause confusion with the Plaintiff’s trademark or trade name.

(ft.lk)

(This story, originally published by ft.lk1st has not been edited by SLM staff)

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Horana Sri Palee gazetted as Mass Media Faculty of Colombo Uni.

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The Horana Sri Palee Campus has been gazetted as the Faculty of Mass Media of the Colombo University.

According to the gazette extraordinary issued by Prime Minister Dr.Harini Amarasuriya, the faculty’s departments are gazetted as Department of Mass Media Studies, Department of Language Studies, Department of Computer Studies and Department of Performing Arts Studies.

Established in 1996 as the West Board of the Colombo University in Horana, it conducted undergraduate and postgraduate courses in media and performing arts studies. Later the name was changed to Sri Palee Mandapa of Colombo University under the University Act in 1988 and until now it has been functioning under a Campus President. Teaching was done in the Departments of Mass Media, Performing Arts, Computer and Language Studies and after being declared as the Faculty of Mass Media, these departments were gazetted as Departments.

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