Connect with us

News

Korea Exim Bank extends humanitarian aid to Lanka in wake of Cyclone Ditwah

Published

on

In the wake of Cyclone Ditwah, which affected more than one million people across Sri Lanka, the Export–Import Bank of Korea has pledged USD 50,000 in humanitarian assistance to Sri Lanka through the Korea Red Cross. The support, provided in response to a request made by President Anura Kumara Dissanayake, is intended to deliver immediate relief and assist recovery operations following the widespread devastation caused by the cyclone, Korean Embassy said in a release on Friday.

Kiyeon Hwang, Chairman and CEO of the Export–Import Bank of Korea, conveying his condolences to President Dissanayake emphasized that the Exim Bank deeply values its long-standing partnership with the Government of Sri Lanka. He further stated that the institution stands in solidarity with Sri Lanka and is pleased to extend this assistance to help restore essential public facilities and provide relief to affected families currently sheltered in temporary accommodation.

With this contribution from the Export–Import Bank of Korea, the total humanitarian assistance extended by the Republic of Korea to Sri Lanka now amounts to USD 550,000.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Festival advance for government officers to be increased

Published

on

By

In terms of the provisions of the Establishments Code on payment of festival advance to government officers, there’s a possibility of obtaining rupees 10,000/- as an advance for celebrating festivals of Theipongal, Ramazan, Sinhala and Hindu New Year, Wesak, Deepavali, and Christmas as well as for pilgrimages (Sri Paada pilgrimage and Hajj pilgrimage).

Provisions have been given to recover the said advance in 08 installments or if required earlier without interest. It has been proposed by the Budget 2026 to increase the said festival advance up to rupees 15,000/-.

Accordingly, the Cabinet of Ministers granted approval to the proposal submitted by the Minister of Public Administration, Provincial Councils and Local governments to revise the relevant provisions so that the festival advance can be increased up to rupees 15,000/- .

Continue Reading

News

Providing underutilized lands/properties to suitable investors for optimal utilization.

Published

on

By

As per the approval given by the cabinet meeting held on 02-06-2025, action is being taken at present to offer the underutilized lands/properties of the Sri Lanka State Plantation Corporation, the Janatha Etate Development Board, and the Elkaduwa Plantation Company which are under the Ministry of Plantation and Community Infrastructure which have been identified under stage one  to suitable investors.

Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of  Plantations and Community Infrastructure to provide following lands/properties on a lease basis to the suitable investors for optimal utilization following the prescribed procurement procedure.

• underutilized lands/properties identified under stage two owned by the Sri Lanka State Plantation Corporation, the Janatha Estate Development Board, and the Elkaduwa Plantation
Company,

• The Mawarala watte land and the Tea factory 40.48 hectares in extent, located in Matara District belonging to the Tea Shakthi Fund.

• The underutilized land of 1,541 hectares in extent of Kondachchi Estate is enjoyed by the Sri Lanka Cashew Corporation.

Continue Reading

Latest News

Implementation of the National Fisheries and Aquaculture Policy

Published

on

By

The drafting of the National Fisheries and Aquaculture Policy has commenced with the objective of equitable distribution of the benefits of the fisheries industry and the sustainable management of fisheries and aquaculture. This policy has been updated from time to time according to current requirements. However, steps have not been taken to obtain the approval of the Cabinet of Ministers for that purpose.

According to the policy declaration of the present government, ‘Vistas of Prosperity and Splendor’ the National Fisheries and Aquaculture Policy has been redrafted, updating the aforementioned policy in line with the economic and development objectives of the government.

The recommendations of the Department of National Planning have been received for the drafted policy.

Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Fisheries, Aquaculture, and Marine
Resources to implement the National Fisheries and Aquaculture Policy, integrating it with other relevant policies.

Continue Reading

Trending