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Sun10222017

Last updateSat, 21 Oct 2017 9pm

 

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The chairmanship of G-24 summit was offered to Sri Lankan finance minister Mangala Samaraweera


The chairmanship of G-24 summit was offered to Sri Lankan finance minister Mangala Samaraweera in this turn which was held in Washington. Addressing the summit the minister said that it is the responsibility of the member countries to improve the living standards of the people of their countries. The theme of the summit is development, employment, and structural transformation. The minister further said that the attention should be developed for the provision of employment, improving of productivity and provision of monetary facilities for development. He pointed out that international trade, innovation and private sector investment promotion also should be given priority attention.

The President instructs provincial councils to continue their services to the public even after their term of office expires.

President Maithripala Sirisena has instructed the General Secretaries of all Provincial Councils, to continue services to the public, uninterruptedly, even after the term of office of their respective provincial councils expire. A discussion to inquire into future activities of the provincial councils whose term of office is due to expire, was held at the presidential secretariat today. The president inquired into the functioning of the north central , sabaragamuwa and eastern provincial councils as their term of office  has already expired. The president emphasized that  the functions carried out by the provincial councils should not be  given over to other institutions citing  the expiration as a reason.

The government plans to transform Sri Lanka into a export oriented financial hub in the Indian Ocean.

Minister of Finance and Media Mangala Samaraweera says that many programmes have been launched with the intention of transforming Sri Lanka into an Export-Centric Economy and a Financial Hub in the Indian Ocean. Speaking at the Annual Meeting of the World Bank and International Monetary Fund, held in Washington, he also said that Sri Lanka will continue to work with the UN and other institutions by aligning the government’s policy strategy with the “Sustainable Development Goals and Targets” to be achieved by 2030. The minister highlighting the recent economic developments and prospects in Sri Lanka said that, although still growing below potential, Sri Lanka’s economy is expected to grow by around 4.5 per cent in 2017 and projected to move to a higher growth path of around 7 per cent by 2020 with the ongoing broader structural reforms and enhanced investor confidence. Sri Lanka’s external sector recorded a mixed performance during the first half of 2017. The country’s gross official reserves improved to 7.3 billion US dollars by the end of September 2017 which was equivalent to about 4.5 months of imports. Mr Samaraweera reiterating the broad development strategy the unity government of the President and the Prime Minister focuses upon, said that it is on a three-pillared agenda of democratization, reconciliation, and sustainable and equitable development with employment generation, that  the benefits of growth, transmits across society. The Minister addressing this august assembly further stated that the country has introduced well thought-out frameworks to manage the country’s fiscal policy, monetary policy and foreign exchange operations to ensure sound macroeconomic policies.  State Owned Enterprises are also being reformed to ensure efficient management and strengthen financial viability.

Indo-Sri Lanka Fisheries discussions conclude on a successive note.

Minister Mahinda Amaraweera states that the ministry level discussions held with the Indian Fisheries Minister Radha Manmohan Singh were successful. Discussions were carried out with regard to Indian fishermen who are under custody and illegal fishing  methods such as “bottom trawling” . Speaking at a media briefing in Colombo today the minister said, that the discussions resulted in favourable decisions. Cabinet approval has been granted for the foreign fishing vessels act.  It is intended to pass it in parliament soon.

The Tamil Progressive Alliance states that there is no necessity to postpone the local government election any further.

The Tamil Progressive Alliance states  that there is no necessity to postpone the local government elections any further. Leader of the Alliance Mano Ganeshan  states that The reason that delayed the elections so far was: Basil Rajapakse; since his delimitation pushed the country into a difficult situation.  He further stated he has not become a pawn of anyone and that his sole intention is to make out a justice for the people.

Foreign Secretaries of Sri Lanka and Pakistan will meet in Colombo tomorrow.

The Foreign Secretaries of Sri Lanka and Pakistan, Prasad Kariyawasam and Tehmina Janjua, will lead the respective Foreign Ministry delegations to the Fifth Foreign Office consultations that will take place in Colombo tomorrow.
Discussions during the consultations are expected to focus on all relevant areas of cooperation between the two countries including trade and investment, tourism, science and technology, education, immigration, defence and sports.
Foreign Office Consultations between the two countries were last held in Islamabad in 2014.
Foreign Secretary Janjua will pay a courtesy call on President Maithripala Sirisena tomorrow.

A painting by Leonardo Da Vinci themed as “Salvator Mundi” to be unveiled at a New York auction, tomorrow

A painting by Leonardo Da Vinci themed as “Salvator Mundi”, which translates to English as “Saviour of the World”, is due to be unveiled at the Christies New York Auction House, tomorrow.  Da Vinci painted this image of Jesus Christ at about the same time as Mona Lisa, which is around the year 1500. It was identified as a work of Da Vinci in 2011. “Salvator Mundi” is a painting of the most iconic figure in the world by the most important artist of all times.

The President appeals the general public in North to support the food production programme

 

 

President Maithripala Sirisena appeals the general public in North to support the government by helping the government’s food production programme. He said that what he is expecting is their active participation. The President made this plea when he declared open the new economic center in Kilinochchi, yesterday.

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