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Posts published in “News”

Sri Lanka FinMin increases spending limit by SOEs on CSR, donations with conditions

ECONOMYNEXT – Sri Lanka’s Ministry of Finance has issued a circular directing all State-Owned Enterprises (SOEs) to overhaul their processes for donations, sponsorships, Corporate Social Responsibility (CSR) activities, and indirect business-related promotional expenses, while increasing their limits, a government document showed. The Public Enterprises Circular, dated November 19 and circulated to statutory boards, SOE boards, and state banks, introduces a revised framework aimed at ensuring such expenditures align strictly with national development objectives, institutional mandates, and transparent governance standards. The new directive subject to some strict conditions will allow a member of a SOE board of director to spend Rs.…

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Sri Lanka rupee weaker, bond yields edge up on short end of curve

ECONOMYNEXT – Sri Lanka’s rupee closed at 308.05/15 to the US dollar in the spot market Thursday, weaker from 308.00/05 the previous day, dealers said, while bond yields edged up on the short end of the yield curve while the long term remained steady. A bond maturing on 15.12.2026 was quoted at 8.25/35 percent, up from 8.20/30 percent. A bond maturing on 15.02.2028 was quoted at 9.08/13 percent. A bond maturing on 15.09.2029 was quoted flat at 9.50/55 percent. A bond maturing on 01.07.2030 was quoted flat at 9.59/64 percent. A bond maturing on 15.12.2032 was quoted at flat 10.23/30…

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Pre-schools to close from tomorrow amid severe weather

The National Secretariat for Early Childhood Development has announced that Early Childhood Development Centres, including pre-schools, will be closed from tomorrow (28). According to the National Secretariat for Early Childhood Development, the decision has been taken due to the prevalent inclement weather in Sri Lanka.  A total of 30 disaster-related deaths have been reported in the two days of November 26 and 27. (Newswire) The post Pre-schools to close from tomorrow amid severe weather appeared first on Newswire.

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Extreme weather : 30 deaths in two days

The Disaster Management Centre (DMC) has reported that 30 deaths occurred over the two days of November 26 and 27 as a result of the adverse weather conditions affecting Sri Lanka. According to the DMC, 19 of the deaths were reported in the Badulla District, 01 each in the Kurunegala and Galle Districts, 04 in the Nuwara Eliya District, and 05 in the Ampara District.  The deaths have occurred due to landslides, flooding, and other weather-related disasters reported in the said areas.  Meanwhile, a total of 40 disaster-related deaths have been reported across Sri Lanka due to the adverse weather…

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Air Force rescues three trapped due to Mahawa floods (Video)

Three people who had been trapped on the upper floor of a two‑storey house in Mahawa Ella this afternoon, following flooding caused by the overflow of the Deduru Oya, have been safely rescued. The individuals were rescued by a Bell‑212 helicopter belonging to the Sri Lanka Air Force and transferred to a secure location. This operation was carried out by the rescue team attached to the Ratmalana base of the Sri Lanka Air Force. (Newswire) Sri Lanka Air Force Bell 212 helicopter rescued three people trapped on the top of a two-storey building in Mahawa due to flooding pic.twitter.com/W5OyChpLDL —…

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Extreme weather : Hotlines introduced to report disasters in Colombo

The government has introduced hotlines for reporting emergency disaster situations arising in the Colombo District due to the prevalent adverse weather conditions.  The emergency contact numbers were introduced during a meeting of the Colombo District Disaster Management Coordinating Unit today (27). The meeting was held at the Parliamentary Complex under the patronage of Prime Minister Harini Amarasuriya to discuss precautionary measures and necessary actions to be taken in response to potential risks caused by the adverse weather conditions expected over the next 48 hours. During the meeting, as per the instructions of the Prime Minister, a set of emergency contact…

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A/Level exams : Special notice for students

Prime Minister Harini Amarasuriya says the Ministry of Education, the Department of Examinations, and all authorities will jointly ensure that students sitting for the Advanced Level examination are provided with all necessary facilities. Addressing the media today, the Prime Minister emphasized that students sitting for the Advanced Level examination must be provided with the opportunity to do so without difficulty.  She instructed that provincial and zonal education authorities should maintain continuous supervision, while coordinating with the Disaster Management Centre, Air Force, Meteorology Department, and other relevant institutions to ensure proper organization of the process. The PM further assured that answer…

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MR in hospital : Health update

Former President Mahinda Rajapaksa is receiving treatment at a private hospital in Colombo. According to reports, the former President is said to have been admitted three days ago following a medical emergency.  According to his spokesperson, the former President remains in good health and is expected to be discharged soon. (Newswire) The post MR in hospital : Health update appeared first on Newswire.

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A/L exams postponed due to severe weather

The Commissioner General of Examinations has announced that the G.C.E. Advanced Level (A/L) Examination 2025 will not be held for the next three days, until Saturday (30), due to the severe disaster situation caused by adverse weather across the country.

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Committee on High Posts approves appointments of 03 SOE chairmen

The appointments of three chairmen of state-owned institutions were approved by the Parliamentary Committee on High Posts yesterday (26). The appointments approved by the committee are as follows; Dr. D.B.P.H. Dissabandara – Chairman of the Securities and Exchange Commission of Sri Lanka M.D.C.A. Perera – Chairman of the National Lotteries Board Eng. P.V.A. Hemalal – Chairman of Kahatagaha Graphite Lanka Limited  The meeting was chaired by Prime Minister Harini Amarasuriya, and a group of committee members participated in this meeting. (Newswire) The post Committee on High Posts approves appointments of 03 SOE chairmen appeared first on Newswire.

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