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HNB allocates Rs. 10Mn to assist MSMEs affected by the economic crisis

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Sri Lanka’s most MEME-friendly bank, HNB PLC, once again allocated Rs. 10 million to assist entrepreneurs affected by the ongoing economic crisis as a part of its flagship ‘Oba Venuwen Api’ initiative to rebuild and revive the economy.

The initiative launched with the onset of the COVID-19 pandemic in 2020 will offer a select 100 entrepreneurs across the island Rs. 100,000 each to be used for capital requirements. HNB DGM CHRO/CTO, L. Chiranthi Cooray, HNB DGM Retail and SME Banking Sanjay Wijemanne, HNB Head of Microfinance, Vinodh Fernando, Head of SME and Micro Finance Indravasan Kailaivasan and Head of Marketing Upul Adikari were present at a special ceremony held to distribute the funds.

“MSMEs are the backbone of the Sri Lankan economy. We have more than 500,000 entrepreneurs offering employment opportunities across various industries. It is only fair that entrepreneurs have a safety net and assistance given the hardships they have experienced, first by the pandemic and now the economic crisis. As a bank with a long history of working with MSMEs, we intend to continue supporting them in any possible way during these difficult times,” HNB DGM CHRO/CTO, L. Chiranthi Cooray said.

Notably, the bank assisted 117 microfinance customers in 2020 under the first phase and subsequently disbursed to 83 in 2021 during the second phase. Under the project’s third phase, HNB will support 100 microfinance customers this year.

The fund, established by HNB’s Sustainability Foundation, aims to drive corporate citizenship through its strategic pillars, with the Bank’s Customer Centers across the island. The foundation focuses on four strategic pillars: education, healthcare, empowering entrepreneurship and the environment. HNB has been closely linked to the growth of Sri Lankan enterprises since its establishment. The bank was the first to enter the MSME market in the 1980s to foster growth and wealth creation in Sri Lanka’s rural economy.



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Indonesian Naval Ship ‘KRI SULTAN ISKANDAR MUDA – 367’ arrives in Colombo

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The Indonesian Naval Ship, ‘KRI SULTAN ISKANDAR MUDA – 367’, arrived at the port of Colombo today (22 Jan 26) on a scheduled port call for logistics replenishment and a goodwill mission.

In keeping with time-honored naval tradition the ship was accorded a ceremonial welcome upon arrival.

The 90.71m – long Sigma Corvette FS is commanded by Commander Annugerah Anurullah.

During the stay in Colombo, the crew members of the ship are expected to visit some tourist attractions in the city limits.

Further, this visit provides an avenue to enhance professional interaction and courtesy engagements among two navies.

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Royal Navy of Oman Ship ‘AL SEEB’ calls at Port of Colombo

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The Royal Navy of Oman Ship ‘AL SEEB’ arrived at the Port of Colombo on a logistics replenishment visit today (22 Jan 26).

The Sri Lanka Navy welcomed the visiting ship in compliance with naval traditions.

The 75m – long ship is commanded by Lieutenant Commander Hamad Bin Mohammed Aldarmaki. The port call will facilitate professional interaction and goodwill exchanges between the two navies.

During her stay in Colombo, crew members of the ship are expected to visit some tourist attractions in the city of Colombo.

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Mechanism to be established involving university academics and experts for Education Reforms – President

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President Anura Kumara Dissanayake stated that the Government is taking steps to establish a comprehensive mechanism, supported by an appropriate legal framework, to bring together university academics, experts and all relevant parties in order to resolve issues arising during the implementation of education reforms.

The President made these remarks during a discussion with the Federation of University Teachers’ Associations (FUTA) held on Wednesday (21) morning  at the Presidential Secretariat.

During the discussion, FUTA members emphasized the challenges encountered while trying to implement educational reforms through a framework established by the National Institute of Education, in line with the current laws and regulations.

They further emphasized that while their association acknowledges the need for new education reforms, the urgency of such reforms is greater for students in rural schools than for those in urban schools.

The Federation of University Teachers’ Associations further stated that they appreciate the decision taken by the Government, under the leadership of the President, to address the issues arising from education reforms and affirmed their readiness to contribute to this process.

As a continuation of the previous discussion, proposals addressing the challenges faced by academics within the university system, along with possible solutions, were presented to the President. In response, the President emphasized that the Government would take all possible measures to safeguard the university system and strengthen education.

The discussion also covered proposed amendments to the Universities Act.

President Anura Kumara Dissanayake noted that, in the aftermath of the recent disaster, the Government has been effectively implementing a nationwide rebuilding programme, addressing economic stability, development and all critical sectors. The President also called upon university academics to actively support these reconstruction efforts.

The meeting was attended by Minister of Ports and Civil Aviation, Anura Karunathilaka, as well as representatives of the Federation of University Teachers’ Associations, including its President, Prof. P. R. Weerathunga, Vice President M. A. M. Sameem and Secretary Charudaththe Ilangasinghe.

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