News
Indonesia expresses interest in conducting collaborative research with Palmyrah Research Institute here
During a recent visit to Jaffna, the Indonesian Ambassador to Sri Lanka, Dewi Gustina Tobing, held a meeting with the Manager of the Palmyrah Research Institute (PRI), Sri Vijenindran.
During an extensive discussion between the Indonesian Ambassador and the Manager of PRI, they explored the possible collaboration in research, product development, and sharing of expertise between PRI and the Palma Research Centre of the Ministry of Agriculture of Indonesia and other Indonesian stakeholders, such as smallholder associations, university research centres, and other government institutions.
Similar to Sri Lanka, Indonesia’s palmyrah tree is also a species of Borassus flabellifer, also known as Lontar or Siwalan. Palmyrah grows widely in Indonesia, especially in the eastern region of Indonesia where it grows well naturally in dry areas. The palmyrah trees have also become a symbol of the region in Jeneponto and East Nusa Tenggara. A number of uses of palmyrah can be seen in the daily life of the community in the two areas. Several studies on palmyrah as a potential raw material for bioethanol have been conducted, making palmyrah’s economic value higher.
PRI is the only research centre related to palmyrah and its products in South Asia. Together with the Palmyrah Development Board of Sri Lanka, PRI has been able to develop up to 50 types of products derived from the palm tree. Until September 2021, Sri Lanka was able to export palmyrah products worth up to 12.5 million USD. Several international collaborations related to research and development of palmyrah products in Sri Lanka, mainly with neighbouring countries, have already been carried out.
Business
Cabinet approves recognition of ‘Sri Lanka National Export Development Plan – 2026–2030’
The Cabinet of Ministers has approved the resolution furnished by the Minister of Industries and Entrepreneurship Development to recognize the “Sri Lanka National Export
Development Plan – 2026–2030” as the official strategic framework for export development and promotion of exports in Sri Lanka.
The Sri Lanka Export Development Board, in collaboration with public and private sector stakeholders connected to the export sector, has formulated the National Export Development Plan 2026–2030 by obtaining technical assistance under the Policy-Based Lending Programme of the Asian Development Bank.
The aforementioned Plan provides a comprehensive strategic framework to guide and monitor Sri Lanka’s export development process, with the target of earning US$ 36 billion in foreign exchange through the export of goods and services by the year 2030
News
Cabinet nod to accept the Global Charter for Children’s Care Reform for Sri Lanka
The Cabinet of Ministers has approved the resolution furnished by the Minister of Women and Child Affairs to accept the Global Charter for Children’s Care Reform for Sri Lanka.
News
Cabinet grants policy approval to amend the Consumer Affairs Authority Act, No. 9 of 2003
Approval has been granted by the Cabinet of Ministers on several earlier occasions to amend the Consumer Affairs Authority Act No. 9 of 2003.
In accordance with the approval granted at the Cabinet
meeting held on 2023-05-02, the Legal Draftsman is currently in the process of preparing the relevant amended Bill, and the Legal Draftsman has informed that it would be appropriate to obtain policy approval from the present Cabinet of Ministers for that purpose.
Accordingly, taking into consideration the necessity of restructuring the Consumer Affairs Authority too, the Cabinet of Ministers has approved the resolution furnished by the Minister of Trade, Commerce, Food Security and Cooperative
Development to instruct the Legal Draftsman to expeditiously complete the preparation of the relevant Bill to enable the amendment of the Consumer Affairs Authority Act, No. 9 of 2003.
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