News
South Korea boosts SL economy with USD 500 million low interest loan
In the wake of China granting a USD 500 million loan, the Government of South Korea had agreed to provide concessional loans from the Economic Development Cooperation Fund (EDCF) of the Export Import Bank of Korea (KEximbank), the Finance Ministry said yesterday.
Accordingly, the Government of Republic of Korea and the Government of Sri Lanka have agreed to sign a new Framework Arrangement for the period of 2020-2022 to obtain loans through EDCF up to an aggregate commitment amount of USD 500 million to finance projects mutually agreed.
The loan interest rate on this concessional loan is about as low as 0.15% -0.20% and the loan has a repayment period of about 40 years with a grace period of 10 years, a statement from the ministry said.
In addition, the two sides agreed to continue the Korean Exim Bank Representative Office, which was opened in Colombo in January 2016 by its Chairman, to further implement the projects in a well-coordinated manner.
The Framework Arrangement was signed yesterday (May 10) by S.R. Attygalle, Secretary, Ministry of Finance on behalf of the Government of Sri Lanka, and Woonjin Jeong, the Ambassador of the Republic of Korea, representing the Republic of Korea.
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MoU signed for technology to prevent wild elephant-train collisions
The Memorandum of Understanding (MoU) relating to the project to provide technological solutions to prevent wild elephants from being hit by trains was signed yesterday (01) afternoon at the President’s Media Centre, under the patronage of Secretary to the President Dr Nandika Sanath Kumanayake.
Coordinated through the “Clean Sri Lanka” programme, the project is being implemented as a public-private partnership, with the Railway Department, the Department of Wildlife Conservation and the Forest Conservation Department working together, with full financial support from People’s Bank.
The system consists of three-beam detection, passive infrared (PIR) sensors, automatic temperature sensors and a tamper alarm system to detect animals weighing more than 20 kilogrammes and unauthorised interference. Signal lights (red/yellow/green) installed on either side of the railway tracks, together with a special screen installed inside the locomotive cab, will alert the driver in advance to the exact location of an elephant.
A demonstration test of the system was successfully conducted at the Pinnawala Elephant Orphanage premises in the presence of the relevant officials, following which a report on the system was prepared.
The system will be implemented as a pilot project from next month at 13 locations where wild elephant accidents are frequent. A newly developed website is also scheduled to be launched to enable the progress of the project to be viewed live.
Additional General Manager of Railways P.D.S.B. Chandrasena, Director General of Wildlife Conservation M.S.L.R.P. Marasinghe, Conservator General of Forests S.C. Palamakuumbura and Chairman of People’s Bank Chandana Guniyangoda signed the relevant MoU. Officials from the Clean Sri Lanka Secretariat, including Presidential Additional Secretary (Clean Sri Lanka) Engineer S.P.C. Sugeeshwara, as well as senior officials from the Railway Department, Department of Wildlife Conservation, Forest Conservation Department and People’s Bank, were also present.
[President’s Media Division]
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Grade 5 scholarship exam results released
The Commissioner General of Examinations has announced that the results of the 2026 Grade 5 Scholarship Examination have been released online, and can be viewed on the department’s official website: www.doenets.lk
News
Prime Minister participates in Global Conscious Food Systems Summit in Bhutan
Prime Minister Dr. Harini Amarasuriya departed Sri Lanka on Monday, 31 August, to undertake an official visit to Bhutan to participate in the Global Conscious Food Systems Summit, scheduled to be held in Bhutan.
During her visit, Prime Minister Dr Amarasuriya participated in the opening plenary of the Summit on 1 September, where she delivered a keynote address under the theme “Rising to the Moment: Igniting Consciousness to Address the Polycrisis.”
The Prime Minister will also engage in discussions with international leaders and representatives on strengthening cooperation towards sustainable food systems, food security and resilient communities.

[Prime Minister’s Media Division]
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