News
IASL office bearers for 2023/24
The Insurance Association of Sri Lanka (IASL), the representative body of the insurance industry in the country appointed its office bearers for the year 2023/24 at the 34th Annual General meeting held recently.
IASL appointed Chandana L. Aluthgama Chief Executive Officer of Sri Lanka Insurance as the President, Lasitha Wimalaratne Chief Executive Officer of HNB Assurance PLC as Vice President, Tanuj Edward Chief Executive Officer of Orient Insurance Limited as the Secretary and Nadika Opatha Chief Executive Officer of LOLC Life Assurance as Treasurer of IASL. J M Niyas continues in his position as Secretary-General of IASL.
At present, all 27 registered insurance companies are members of IASL and the association is led by the common objective of bringing the insurers together to create a platform for cooperates regarding the matters affecting the common interest and welfare of its members and is synonymous in its efforts to provide protection through insurance to the Sri Lankan public.
The Executive Committee of the IASL and Sub Committees concentrate on significant matters and new developments to the industry and is embodied with the General Insurance Forum Chaired by Kasun De Silva Assistant General Manager – MidCorp Business of Allianz Insurance Lanka Limited, Life Insurance Forum Chaired by Mahendra Wilegoda Head of Operations/Assistant General Manger – HNB Assurance, Legal Advisory Forum chaired by Kushan Weththasinghe Assistant General Manager Legal of Ceylinco Life Insurance Limited, Financial & Technical Sub Committee chaired by Samapth Thushara Chief Financial Officer of AIA Insurance, Marketing and Sales Forum chaired by Namalee A. Silva Deputy General Manager/Head of Marketing and Life Distribution of Sri Lanka Insurance Corporation, IT Sub Committee chaired by Amal Dharmapriya EVP/Chief Information Officer of Softlogic Life Insurance PLC, HR Sub Committee chaired by Indika Bamunusinghe SVP/Chief Human Resource Officer of Softlogic Life PLC Insurance and the Actuarial Sub Committee chaired by Malaka Mihindukulasuriya Chief Actuary of Allianz Life Insurance Lanka Limited, operate within the purview of the Executive Committee enabling cooperation, knowledge sharing and transfer of best practices between peers.
News
The President’s Fund has been transformed into a people-centred fund – PM
Prime Minister Dr. Harini Amarasuriya stated that the President’s Fund has been transformed into a people-centred fund and that ensuring equal access to education for all children is a key policy of the Government.
The Prime Minister made these remarks on 11th of July at Temple Trees while participating in the “Sarasavi Diriya Abhiman 2026” programme, organised to recognise students with special needs pursuing university education.
The President’s Fund has decided to provide financial assistance of Rs. 100,000 each to 370 students admitted under the special needs category through the University Grants Commission, and under the first phase of the programme, cheques were presented to 236 students.
Addressing at the event, Prime Minister stated:
“It is the Government’s policy to ensure equal access to education for all children, including those with special needs, such as neurodivergent and those with autism or dyslexia, without leaving any child behind in the education system. Vice-Chancellors and other education authorities bear a responsibility to ensure that the necessary practical accessibility facilities are available to these students within universities. In addition, the Government is taking steps to digitalise the education system through assistive technologies and to develop public transport and physical infrastructure in a manner that is accessible and inclusive for persons with special needs.These students are not a burden to the country; they are valuable human resources capable of contributing to sustainable development. The ultimate objective is to build a civilised society that recognises and respects the value of every individual.
The occasion was attended by the Speaker Dr. Jagath Wickramaratne, Minister of Rural Development, Social Security and Community Empowerment Upali Pannilage, Member of Parliament Sugath Wasantha de Silva, and several others.
[Prime Minister’s Media Division]
News
Thambuttegama Water Supply Project Commissioned by the President
The Thambuttegama Water Supply Project, which will benefit 91,810 people in the Thambuttegama, Thalawa and Galnewa Divisional Secretariat divisions, was officially commissioned by President Anura Kumara Dissanayake on Friday (10) afternoon .
The project, which was launched under a concessional loan from the China Development Bank (CDB), was suspended between May 2022 and May 2024 due to the country’s debt restructuring process. However, recognising its national importance, the current Government allocated additional funding from the Government of Sri Lanka to successfully complete the project.
Constructed as a long-term solution to the chronic kidney disease that has spread rapidly across the region, the water supply project is also expected to improve the social and economic well-being of local communities.
The project aims to provide 25,000 new household with water connections.
Built at a cost of Rs. 32 billion, the project comprises a water treatment plant with a daily capacity of 18,000 cubic metres, three water towers with a capacity of 1,500 cubic metres each, a 12.75-kilometre water transmission pipeline and a 158-kilometre water distribution network.
Speaking at the event, Minister of Housing, Construction and Water Supply Susil Ranasinghe said:
“The Thambuttegama Water Supply Project, which was declared open today by the President, has the capacity to provide safe drinking water to 25,000 families. The project has been completed at a cost of Rs. 32 billion. It was implemented with the assistance of the China Development Bank, but construction came to a standstill due to the economic crisis experienced in recent years. Over the past two years, we allocated funds through the national budget and have now successfully completed the project.
At the initial stage of the project, concerns were raised over drawing water from the Rajanganaya Reservoir. Farmers protested against the proposal. However, today this project is being commissioned with the blessing and support of the Rajanganaya farmer leaders, who are present here. They presented their concerns to us and we are committed to addressing them.
Their foremost concern was to ensure that no farmer in Rajanganaya would face a shortage of irrigation water as a result of water being diverted for this project. I can assure you without hesitation that there is absolutely no reason for concern. Not even a single drop of water required for agriculture will be denied in order to supply drinking water. This project is, after all, intended to provide clean drinking water to farming families themselves.
They also requested that compensation be paid if cultivation is affected due to any water-related issue. I assure you that there is no cause for concern on that front either. This Government has consistently compensated farmers affected by disasters. We paid Rs. 1.2 billion in compensation for losses suffered by farmers over the past seven cultivation seasons due to the Nilwala saltwater barrier. We also resolved long-standing issues relating to land acquisition under the Yan Oya Project and allocated Rs. 180 million to the District Secretary to compensate the affected landowners. In addition, Rs. 12 billion has been paid in compensation to around 200,000 farmers whose farmlands were damaged by Cyclone Ditwah. Therefore, if farmers suffer any losses or damage to their lands in the future, this Government stands ready to provide compensation.
Another request made by the farming community was the construction of the Ginipetti Bridge if water is to be drawn for this project. We have already allocated Rs. 240 million to build a new bridge capable of accommodating vehicular traffic and foundation work will commence shortly. At the same time, a team of experts has been appointed to determine whether the existing Ginipetti Bridge can be rehabilitated or whether an entirely new bridge is required. Therefore, I assure the farming community once again that we will not allow them to suffer any hardship or loss as a result of this project.”
Minister of Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe, Governor of the North Central Province Wasantha Jinadasa, public representatives of the province, Chinese Ambassador Qi Zhenhong, officials of the Ministry of Housing, Construction and Water Supply and the National Water Supply and Drainage Board, together with a large number of local residents, were also present at the event.
[PMD]
News
New Chairman and members appointed to the Public Service Commission
President Anura Kumara Dissanayake has appointed S. A. Nimal Saranatissa as the new Chairman of the Public Service Commission.
The other members appointed to the Commission are B. Sanath Poojitha, E. R. Weerakoon, R. Ketheeswaran, J. M. R. Jayasundara, E. A. P. N. Edirisinghe, Dr S. A. A. N. Jayasekara and M. H. Mohammed Sameel.
The letters of appointment were presented to the newly appointed Chairman and members by Secretary to the President Dr Nandika Sanath Kumanayake at the Presidential Secretariat Thursday (09) afternoon .
The appointments have been made to fill the vacancies that arose following the expiry of the previous term of office of the Public Service Commission
[PMD]
-
News3 days agoHerath warns prospective migrant workers not to get fleeced by racketeers
-
Midweek Review5 days agoUnexpected focus on ‘pieces of tin’ worn by military men
-
News7 days agoAI concerned over proposed SL military deployment in Haiti
-
Latest News6 days agoNyamhuri and Ngarava stun Bangladesh by defending 141
-
News4 days agoNegombo Prison riot: Ensuring protection of prisoners fundamental responsibility of the state – UN
-
Editorial2 days agoWhat’s the world coming to?
-
Features3 days agoDevanesan Annan – in Memoriam
-
Foreign News3 days agoTensions erupt in Indian state after 11-year-old raped and murdered
