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
JSA opposes move to extend retirement ages of superior court judges
The Judicial Service Association (JSA), which represents the country’s magistrates and district judges, has unanimously adopted a resolution opposing the government’s proposed extension of the retirement age of superior court judges.
The resolution was passed at a special general meeting held at the Kaduwela Magistrate’s Court premises, attended by 65 magistrates and district judges from across the country.
The meeting was convened following the resignation of JSA President Pasan Amarasena, who stepped down in protest over the holding of the meeting.
According to the resolution, all members present voted in favour of opposing the proposed extension of the retirement age of Supreme Court and Court of Appeal judges.
Amarasena resigned after facing criticism for unilaterally expressing support for extending the retirement age of the Chief Justice. Following his resignation, JSA Secretary Suranga Munasinghe issued a statement to members rejecting the allegations contained in Amarasena’s resignation letter.
Meanwhile, former Health Minister Dr. Rajitha Senaratne claimed the government’s attempt to extend the tenure of superior court judges was aimed at securing their support in pursuing what he described as a campaign of political revenge against Opposition members.
Addressing a meeting at the Sri Lanka Freedom Party headquarters on Darley Road, Colombo, Senaratne argued that if the government’s justification was to retain experienced judges and avoid vacancies, similar retirement age extensions should also be granted to other professions, including university academics.
“The judges themselves have now unanimously opposed the government’s move, as reflected in the outcome of the Judicial Service Association’s special general meeting at Kaduwela,” he said.
by Chaminda Silva
News
Next two weeks critical as dengue risk soars
Mosquito larvae density in Sri Lanka’s Western Province has increased significantly, making the next two weeks an extremely high-risk period for dengue transmission, according to Consultant Physician Dr. Ananda Wijewickrama, a member of the Expert Committee on Dengue Management.
Speaking during a television programme, Dr. Wijewickrama warned that based on the current trend of dengue transmission, the situation could become more serious than the country’s 2017 dengue outbreak.
He said hospitals in the Western Province have already exceeded their capacity due to the sharp increase in patient admissions, with some facilities being forced to accommodate two or even three patients in a single hospital bed.
Also speaking during the programme, Prof. Neelika Malavige of the University of Sri Jayewardenepura said early signs of the current outbreak had been visible as far back as December and January.
“We could already see indications of this in December and January. With the current changes, the trend is not encouraging. We usually see an increase in dengue cases during the Southwest Monsoon period from May to July, and again during the Northeast Monsoon from November to January. When such conditions are expected, we need to be prepared in advance. After that, from February to April, we experienced extremely high temperatures, and mosquito breeding tends to slow down during periods of excessive heat,” she said.
Professor Malavige also noted that three dengue vaccines have been approved in various countries and are currently being used in several Asian nations, including Indonesia, the Philippines, Thailand, Vietnam and Malaysia.
“However, there are many factors Sri Lanka would need to consider before introducing a dengue vaccine. It would not have an immediate impact on reducing an epidemic. The vaccine requires two doses, and it takes time for immunity to develop after vaccination. However, for people who have previously been infected with dengue, the vaccine has shown very good effectiveness,” she said.
Sri Lanka has so far reported 66,064 dengue cases this year, while the death toll has risen to 46.
A total of 10,685 cases were reported during the first nine days of July alone, including 1,030 new infections reported yesterday.
Of the total number of cases, 52.7% have been reported from the Western Province. Gampaha District has now overtaken Colombo District as the area recording the highest number of dengue infections.
Meanwhile, amid the heightened risk, special dengue control operations involving members of the armed forces were carried out today in several parts of the country.
by Pradeep Prasanna Samarakoon
News
Budget 2027 on Nov. 12
The second reading of the 2027 Appropriation Bill will be presented in Parliament on November 12, the Ministry of Finance announced.
The Ministry said the Bill will be published in the Government Gazette on September 18 and presented for its first reading in Parliament on October 7.
The draft Appropriation Bill for 2027, which sets out the proposed expenditure allocations for each Ministry, is scheduled to be submitted to the Cabinet for approval on September 14.
According to the Ministry, the second reading debate on the Budget will be held from November 13 to 20, while the Committee Stage debate is scheduled from November 21 to December 14.
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