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“The government is determined to make all necessary decisions for the country’s advancement and to improve the quality of life for its citizens” -President

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President Anura Kumara Disanayake stated that the current government is determined to make all necessary decisions for the country’s advancement and to improve the quality of life for its citizens.

The president expressed these views during an event held on Monday (27) at the Customs Department Auditorium to mark International Customs Day under the theme, ‘Customs Delivering on its Commitment to Efficiency, Security and Prosperity.’

The Customs Co-operation Council (CCC), established in 1952 with the participation of 17 European countries is independent intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations. This council quickly became globally recognized, and Sri Lanka became a member in 1967. In 1994, the Customs Cooperation Council was renamed the World Customs Organization (WCO).

The first session of the Customs Cooperation Council was held on January 26, 1953, in Brussels, Belgium, marking the establishment of International Customs Day. As a result, every year on January 26, customs administration institutions across the world celebrate International Customs Day.

The President also mentioned that necessary actions are being taken to create a modern organizational structure, with structural reforms being implemented within Sri Lanka Customs, the Department of Excise, and the Department of Inland Revenue.

The President stated that laws and institutions must evolve to meet the challenges of the times and cannot remain static or permanent indefinitely.

Elaborating further, President Disanayake shared the following insights:
“Customs successfully fulfilled its responsibilities over the past year, and its efforts in stabilizing the economy are highly commendable. The achievements in meeting last year’s targets are being appropriately recognized.

However, simply achieving revenue targets is not enough to rebuild a collapsed economy. Addressing the economic crisis requires increasing the revenue-to-GDP ratio. The economic collapse has significantly disrupted the import-export market.

All of our actions are currently being carried out within the parameters set by the International Monetary Fund (IMF). While surface-level indicators may suggest economic recovery, the overall economy remains deeply damaged. Therefore, it is essential to approach the recovery process cautiously and with balance. Even a small mistake can cause significant disruptions to the economy. Therefore, the Customs Department must work collectively to achieve its targeted revenue of Rs. 2,550 billion.

A proposal has been submitted to improve facilities for Customs and establish a new salary structure. Discussions are underway with the Ministry of Finance and the Treasury to provide solutions.

This year’s budget has already addressed the increase in the basic salaries of public sector employees. Additionally, plans are in place to enhance the efficiency of the public service by integrating digitalization and technology. Efforts are also being made to implement legal reforms to build strong institutional frameworks.

There were conflicts between previous political administrations and the state service mechanism. Due to these disagreements, the political leadership failed to implement the necessary reforms to strengthen institutional frameworks at the right time. It was a challenging period to establish robust institutional structures.

The failure to introduce timely institutional changes resulted in the expected outcomes not being achieved. Consequently, before we could secure many opportunities for ourselves, external parties took advantage of our resources. As a result, Sri Lanka missed several opportunities to leverage its natural strategic position as a nation.

In the future, necessary measures must be taken to facilitate operations at the Sri Lanka Port, targeting a capacity of 11.3 million containers. Achieving this will require collective effort from all employees. Without such unity, the country cannot move forward. This year, the Customs Department has been assigned a revenue target of LKR 2,550 billion.

President Anura Kumara Disanayake presented merit certificates issued by the World Customs Organization to 20 Customs officers in recognition of their outstanding contributions to special operations. Additionally, two officers were honoured with skills awards during the event.

The Director General of Customs also presented a commemorative plaque to President Anura Kumara Disanayake to mark the occasion.

The event was attended by key dignitaries, including Minister of Labour and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, Governor of the Central Bank Dr. Nandalal Weerasinghe, Deputy Minister of Finance and Planning Harshana Suriyapperuma, Attorney General Parinda Ranasinghe, Secretary to the President Dr. Nandika Sanath Kumanayake, Secretary to the Ministry of Finance Mahinda Siriwardena, Director General of Customs Sarath Nonis, and other officials from the Customs Department.



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Gold tops $5,000 for first time ever, adding to historic rally

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[pic BBC]

The price of gold has risen above $5,000 (£3,659) an ounce for the first time, extending a historic rally that saw the precious metal jump by more than 60% in 2025.

It comes as tensions between the US and NATO over Greenland have added to growing concerns about financial and geopolitical uncertainty.

US President Donald Trump’s trade policies have also worried markets. On Saturday he threatened to impose a 100% tariff on Canada if it strikes a trade deal with China.

Gold and other precious metals are seen as a so-called safe-haven assets that investors buy in times of uncertainty.

Demand for gold has also been driven by a range of other factors including higher-than-usual inflation, the weak US dollar, buying by central banks around the world and as the US Federal Reserve is expected to cut interest rates again this year.

Wars in Ukraine and Gaza, as well as Washington seizing Venezuelan President Nicolás Maduro, have also helped push up the price of gold.

On Friday, silver topped $100 an ounce for the first time, building on its almost 150% rise last year.

[BBC]

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U – 19 World Cup: Andrew, McKenzie deliver West Indies comfortable win

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Micah McKenzie took four wickets in West Indies Under-19's win [Cricinfo]

West Indies wristspinners, Micah McKenzie and Vitel Lawes, combined to take six wickets on a surface that had plenty of turn and bite to close out a rain shortned contest against Ireland. Opting to bat first, the West Indies innings had earlier been held together by keeper-batter Jewel Andrew at No. 3 – his 66 off 82 consisted of four fours and four sixes, the majority of which came in the company of Jonathan van Lange,, during their fourth-wicket partnership of 67.

Jewel departed just six overs after van Lange, in the 33rd, and the rest of the batters struggled. No one besides him managed to cross the 30-run mark. Reuben Wilson scalped up van Lange, before returning to take out two lower-order batters to finish with figures of 3 for 50, closing out the innings with West Indies bowled out for 226.

His effort, complemented by James West’s economical 2 for 24 off seven overs, gave Ireland a realistic chance at chasing down the total. West also opened the batting for Ireland and top-scored for them, hitting a 55-ball 45 that was littered with eight boundaries. By the time he was Lawes’ first victim of the innings, in the 18th over, Ireland sat at a comfortable 82 for 2.

However, the going just got worse from there: Ireland lost four wickets to McKenzie, who spun his way through the middle order. Lawes held back his best over for his final one of the match, fizzing out Oliver Riley with its first ball, and then turning the ball prodigiously against Wilson and Bruce Whaley.

Ireland were on 164 for 7 by the time they played out Lawes’ over, needing an unlikely 62 off the final ten overs. The rain had the final say when it interrupted the match and delivered the final blow to Ireland’s hopes. The DLS par score had shot way past Ireland’s total, and when no further play was possible, West Indies walked away with a convincing spin display and a 25-run win to boost their chances in the Super Sixes.

Brief scores:
West Indies Under 19s  226 in 46.5 overs (Jewel Andrew 66; Reuben Wilson 3-50, Luke Murray 2-37, James West 2-24) beat Ireland Under 19s  164 for 7 in 40 overs (James West 45; Mica  McKenzie 4-36, Vitel Lawes 2-41)by 25 runs (DLS method)

[Cricinfo]

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U – 19 World Cup: Bowlers, Hogan help Australia breeze past South Africa

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Charles Lachmund wrecked South Africa U-19s [Cricinfo]

It took Australia U19s 32.5 overs, going at just around 3.5 runs an over for the majority of a belaboured chase against an excellent South Africa U-19 bowling effort. But they had that liberty after Charles Lachmond’s 3 for 29, and two wickets each from Will Byrom and Aryan Sharma, had bowled South Africa out for 118 all but ensuring the result of the match was in little doubt even at the halfway stage.

South Africa had been reduced to 37 for 4 inside the powerplay, failing to find answers against the raw pace and movement that Lachmund and Byrom found off the surface. Opener Jorich Van Schalkwyk was the sole bright spot for them, battling his way through this period and putting together a 30-run stand with Paul James, even as he was pinged on the helmet off a brutal Kasey Barton delivery.

Spinner Aryan proved to be particularly troublesome to face, as he kept spinning the ball away from the outside edge of the right-handers. He dropped two catches at point before coming into the attack, but made up for his fielding by scalping up two wickets of his own.

James kept one end steady once Schalkwyk was run out for a 26 off 55, but wickets kept falling at the other. He would eventually be the last batter out, for a 60-ball 34 .

In response, JJ Basson led a South Africa bowling attack that was incisive and economical. His spell of 3 for 41 was the highlight of a bowling effort that kept the Australia batters defensive, and also ensured that the Australia line-up lost three wickets for the first time in this tournament – in their fourth match of the tournament.

Steven Hogan never looked comfortable during his 73-ball 43, but timed short deliveries well while cutting late, and mowed down more than a third of the target by himself. He was the last Australian wicket to fall, as Basson’s third wicket. Alex Lee Young and Jayden Draper got together at the crease, and the latter smacked two fours in the 33rd over of the contest to bring it to a close.

Brief scores:
Australia 122 for 4 in 32.5 overs  (Steven Hogan 43, Jayden Draper 21*, Alex Lee Young 21*; JJ Basson 3-41) beat South Africa Under 19s  118 in 32.1 overs  (Paul James 34; Charles Lachmund 3-29, Will Byrom 2-16, Aryan Sharma 2-27) by six wickets

[Cricinfo]

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