News Room : Issues Sri Lanka should take up with New Delhi – The Island
by Neville Ladduwahetty It has been reported that President Anura Kumara Dissanayake is due to visit India during the latter part of December. He and Indian Prime Minister Narendra Modi are expected to have talks on grant assistance projects from India, debt restructuring, people centric digitisation (identity cards, for instance), finality of the Economic and Technological Co-operation Agreement (ECTA), housing...
News Room : India poised to capture 10-12% of global medtech market in 25 years
According to a report by EY India, India is poised to expand its presence in the global medical technology (MedTech) industry and increase its market share from the current 1.6 to 10 to 12 over the next 25 years. The report says that this growth coincides with the rapid development of the country’s MedTech sector, which is projected to reach...
News Room : PHIs Step Up Food Safety Checks Ahead of Festive Season
The Public Health Inspectors’ Union (PHIU) has launched an initiative to inspect food and beverages sold in high-traffic public areas in preparation for the upcoming festive season. According to the association’s president, Upul Rohana, approximately 1,750 Public Health Inspectors have been deployed nationwide for the effort. The PHIU also highlighted that raw materials used in festive food production are being scrutinised...
News Room : Former South Korean Defense Minister Arrested Over President Yoon’s Martial Law Case
22 South Korean President Yoon Suk Yeol’s former defence minister was arrested on Sunday over his alleged role in Yoon’s declaration of martial law last week, prosecutors said. Yoon survived an impeachment vote in the opposition-led parliament late on Saturday, prompted by Tuesday’s short-lived attempt to impose martial law, but the leader of his own party said the president would effectively...
News Room : Prince William and Trump meet after Notre-Dame reopening
The Prince of Wales met US President-elect Donald Trump while visiting France for the ceremonial reopening of Notre-Dame cathedral. Prince William joined other world leaders in Paris to mark the restoration of the world-famous landmark, which was devastated by a fire five years ago. After shaking hands at the ceremony, the pair also met afterwards, with the president-elect describing the prince...
News Room : United States Commits Steadfast Support for Sri Lanka’s Anti-Corruption Efforts
64 The U.S. Assistant Secretary of State for South and Central Asian Affairs, Mr. Donald Lu has expressed the United States government’s commitment to supporting Sri Lanka’s on-going anti-corruption initiatives as needed during a meeting with President Anura Kumara Dissanayake at the Presidential Secretariaton 07th. Mr. Lu stated that the US is prepared to provide financial and technical assistance to strengthen...
News Room : President Introduces Maximum Wholesale and Retail Prices for Rice
1 Following discussions with rice traders, President Anura Kumara Dissanayake has announced new price ceilings for various types of rice, as outlined by the President’s Media Division (PMD). The President instructed rice traders to set the wholesale price of Nadu rice at Rs. 225 per kilogram and the retail price at Rs. 230 per kilogram. Additionally, the President directed the Consumer Affairs...
News Room : Taxpayer friendly Inland Revenue Dept. urgent need – The Island
Many compliant taxpayers have expressed their frustration with the Inland Revenue Department (IRD) for insisting that the Return of Income for the year of assessment 2023/2024 be filed as an electronic return (e-return). It is perplexing why such a requirement is being enforced in a country such as ours where computer skills are woefully lacking. In many other countries...
News Room : Now is the time to rethink trade – The Island
by Prof. Chanaka Jayawardhena,Professor of Marketing, University of Surrey, UK.Chanaka.j@gmail.com Sri Lanka finds itself at a crossroads. The devastation caused by Cyclone Fengal, which displaced over half a million people, destroyed critical infrastructure, and claimed numerous lives, highlights the country’s vulnerability to natural disasters. At the same time, the nation is tentatively emerging from its first-ever sovereign debt default, buoyed...
News Room : 55 vulnerable Sri Lankans evacuated from Lebanon – The Island
By Shamindra Ferdinando The newly elected National People’s Power (NPP) government intends to restructure the existing Sectoral Oversight Committees (SOCs) meant to examine Bills except those defined in Article 152 of the Constitution, treaties and reports, including annual and performance reports pertaining to institutions coming under their purview. Parliament and the United Nations Development Programme (UNDP) would examine the government’s proposal...