A delegation comprising representatives of three local construction companies took part in the 16th Etio-con International Construction Exhibition in Addis Ababa, Ethiopia recently. The exhibition provided a platform for members of the delegation to link with prospective business personnel in this market. It was also a meeting point for international construction companies to explore the potential in Ethiopia and Africa. An EDB (Export Development Board) spokesman said the local construction companies secured new contacts and are in discussion to explore business opportunities in the African region. The EDB and the Sri Lanka Embassy in Ethiopia organised this event as a collaborative program and facilitated the three Sri Lankan companies; APS Lanka, Saw Engineering and International Construction Consortium to participate in the exhibition.
November 16, 2019 20:03 UTC
Milroy Perera, football coach and master in charge of St. Peter’s College passed away early this week. Affectionately called Milroy Sir, he also served as the Sri Lanka Youth football manager and toured Iran for the Asian Youth championships. He also taught mathematics at St. Peter’s College and was much loved by his students.
November 16, 2019 20:01 UTC
The much anticipated Cyber Security Act which will ensure a safe and secure cyber security environment in the country is currently under Cabinet observation and its enactment is likely to take place early next year, according to a Sri Lanka Computer Emergency Readiness Team (SLCERT) official. The objectives of the Act is to ensure the effective implementation of the National Cyber Security Strategy in Sri Lanka, prevent, mitigate and respond to cyber security threats and incidents effectively and efficiently, set up the Cyber Security Agency of Sri Lanka and to empower the institutional framework to provide a safe and secure cyber security environment; and protect the Critical Information Infrastructure. The Act has provision for the setting up of a Cyber Security Agency which shall be the apex and executive body for all matters relating to cyber security policy in Sri Lanka and shall be responsible for the implementation of the National Cyber Security Strategy of Sri Lanka. The Act also provides provisions to develop strategies and plans for the protection of CII in consultation with the owners of CII in consultation with stakeholders, act as the central point of contact for cyber security in Sri Lanka, and provide advice to government institutions and other sectors in respect of cyber security matters, act as the interface for the multi-directional and cross-sector sharing of information related to cyber threat indicators, defensive measures, cyber security risks, incidents, analysis and warnings in relation to cyber security for government institutions. CICRA Holdings Director/CEO Boshan Dayaratne said Sri Lanka needs a Cyber Security and Data Protection Act to protect personal data from being hacked and misused by others.
Sri Lankan Finance and Leasing Companies’ (FLCs) credit profiles are likely to remain under pressure in the medium term due to the high asset-quality risks and weakening profit buffers amid a prolonged slowdown in economic activity, says Fitch Ratings. The large FLCs are likely to withstand the asset-quality risk, underpinned by their solid capital buffers. Asset-quality pressure is likely to persist into FY20. Furthermore, higher credit costs under IFRS 9 amidst rising NPLs would remain a drag on FLCs’ profitability in the medium term. Therefore, an inability to arrest further slippage in asset quality could exert downward pressure on their ratings - as reflected in the rating sensitivities.
Most of the food and water-borne diseases can be cured without long term sequel if treated properly and timely. This is a very important behavioural practice which prevents many diseases, including, diarrhoeal diseases. There are vaccines available for several food and water-borne diseases in Sri Lanka, eg. Has there been any attempts to conduct a national survey on diarrhoeal diseases? Q.Your message to the public and some useful and practical ways to perform the tips on preventing waterborne diseases?
Sri Lanka has been nominated for the 2019 Destination of the Year Award in the UK for Technology and Innovation by the Global Sourcing Association (GSA), a SLASSCOM official said. The Delivery Destination of the Year Award was established to champion best practice in sourcing programs and to recognise and reward delivery destinations that deliver excellent results and value-addition to the strategic sourcing industry. Chairman, SLASSCOM, Ranil Rajapakse said, “I’m delighted that Sri Lanka is selected again for the Delivery Destination award. We have won this award in 2013 and 2014, and this nomination highlights Sri Lanka’s ingenuity, capability and attractiveness as a compelling global destination. We continue to differentiate ourselves as the Island of Ingenuity offering Captive Innovation Centers, being your Digital Gateway to Asia, and providing access to invest in Digital Disruptors.”The Global Sourcing Association (GSA) is the industry association and professional body for the global sourcing industry.
The Sri Lanka team will be participating in the second league of qualifiers and so far the team has lost all their qualifying matches they have played. Out of the ten officials, only the Manager, coach and team doctor would have been more than sufficient to do the needful to the players according to team sources and experts. But the scenario only speaks of the total mess in Sri Lanka sports, especially football which has hit the dumps. The ten officials are M. Rameez (head of delegates), Sunil Senaweera, (manager), Mohamed Nizam Packeerali, (head coach), Sampath Bandara (GK trainer), Abdul Barsith Muhiseen (physio), Sanjaya Silva (assist. coach), Asoka Ravindra (team official), Hewage Buddika (team doctor), Mohamed Pakeer Fahim (kit man), Aravinth Balendran (media officer)
NewsThe Health Ministry says it would test chillies imported from India to determine whether they contain Aflatoxin chemicals, a process it said would require five days. Issuing a statement, the ministry noted that Aflatoxin chemicals are produced in chillies due to fungus, making chillies unsuitable for consumption. At present, tests are being carried out for atleast 10 days, before releasing them to the market. Meanwhile, the ministry noted that onions could be imported from India beginning in December, after it lifts the ban on exporting onions. (Reporting by Damith Wickramasekara)
November 06, 2019 06:33 UTC
NewsCabinet approval has been obtained to construct a nine-storeyed building at the Elpitiya Base Hospital at a cost of Rs 6.1 billion. The building would see the construction of a new Intensive Care Unit, hospital wards, an accident ward, a Radiology Department office, and also a laboratory. In addition, Rs 6.2 billion is to be spent on constructing a 10-storeyed building at the Balapitiya Base Hospital, the cabinet paper submitted by the Health Ministry stated. This building would comprise an Out-Patient Department (OPD), Accident Ward, Operation Theatres, Laboratories and, will provide other related services.
November 06, 2019 06:22 UTC
NewsTwo Singaporean companies, this week, won bids to supply coal to Sri Lanka’s Lakvijiaya Power Station in Puttalam. Adani Global Pte. Ltd had won a spot tender to supply 240,000 metric tonnes of coal at a cost of USD 16.1 million (Rs 2.9 billion), a cabinet paper submitted by the Power and Energy ministry said. In addition, Swiss Singapore Overseas Enterprises Pte Ltd, won a long-term tender to supply 1.1 metric tonnes of coal at a cost of USD 66.7 million (Rs 12.9 billion)The proposal observed that this amount would be half of what is required by the power plant to produce electricity from November 2019 to April 2021.
November 06, 2019 06:22 UTC
NewsVen Udumbara Kashyapa Thera's fast-unto-death campaign against the proposed Millennium Challenge Corporation (MCC) agreement was called off yesterday (Nov 5). This was after considering two letters sent by presidential candidates Sajith Premadasa and Gotabhaya Rajapaksa. He had said that the matter would be debated in Parliament, prior to signing it, after the November 16 vote. Premadasa had also noted that he would consult the Maha Sangha including Kashyapa Thero to obtain their advice concerning the agreement. The hunger strike was staged at the Independence Square in Colombo.
November 06, 2019 02:47 UTC
NewsThe Sri Lanka Freedom Party (SLFP) has decided to appoint Acting Party organisers to replace those who attended the Api Sri Lanka party convention led by SLFP patron Chandrika Kumaratunga yesterday (Nov 5). This decision had been made when the party's Central Committee had convened under Acting SLFP Chairman Professor Rohana Lakshman Piyadasa last night. SLFP leader President Maithripala Sirisena too had attended the meeting. Former President Kumaratunga, who leads the Api Sri Lanka party, will back presidential candidate Sajith Premadasa at the upcoming polls. Accordingly, the SLFP had also decided to initiate disciplinary action against Kumaratunga after the presidential election, SLFP General Secretary Dayasiri Jayasekara said.
November 06, 2019 02:37 UTC
NewsA Sri Lankan Army contingent of 243 military personnel will leave for Mali next Tuesday (Nov 12) for UN peacekeeping operations. They will engage in peacekeeping operations in Mali for a period of one year starting from November 13. Incidentally, this is the first peacekeeping contingent to be sent from Sri Lanka after the UN said it would reduce future deployments, citing concern over the appointment of the country's Army Commander Lt. Gen. Silva. Military Spokesman Major General Sumith Atapattu told Times Online, that the UN had not objected towards the current deployment. He noted that about 450 Sri Lankan troops are currently engaged in UN peacekeeping operations.
November 05, 2019 16:30 UTC
NewsThe strike expected to be carried out by teachers and principals, on Nov 8, has been suspended, following a request made by the Election Commission (EC). Last month, unions urged the National Salaries Commission to issue a circular, instructing the payment of an interim wage in addition to their salary, as approved by cabinet, until their salary issues are resolved. However, the EC during a meeting with the unions today, had requested to call off the strike in view of the presidential election which is just over a week away, a statement released by the unions read. Polls officials had pointed out that such actions could affect the votes of a particular presidential candidate, the statement added. EC Chairman Mahinda Deshapriya had said that they would inform the Salaries Commission and the Education Ministry to address their demands in due course, unions said.
November 05, 2019 12:22 UTC