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People’s Bank reboots iconic Economic Review with digital-first vision

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People’s Bank Chairman, Prof. Narada Fernando, presenting the Economic Review magazine to Dr. Harshana Suriyapperuma, Secretary to the Treasury and Ministry of Finance, Planning and Economic Development. People’s Bank CEO/GM Clive Fonseka and DGM Nilmini Premalal are also in the picture.

Marking five decades of contribution to national economic dialogue, People’s Bank ceremoniously relaunched its flagship publication, the Economic Review, on July 31 at the People’s Bank Staff Training College, Colombo 05. The event commemorated the magazine’s enduring legacy while unveiling a revitalised editorial vision and expanded digital presence.

The ceremony was graced by Dr. Harshana Suriyapperuma, Secretary to the Treasury and Ministry of Finance, Planning, and Economic Development, who attended as Chief Guest. Joining him were People’s Bank Chairman, Prof. Narada Fernando, Director Bradley Emerson, CEO/General Manager Clive Fonseka, DGM – Payments & Cards / DGM (Acting) – Strategic Planning Nilmini Premalal, along with senior members of the Bank’s corporate and executive management teams, distinguished academics, and Prof. Ruwani Fernando, the newly appointed Editor-in-Chief of the magazine. The magazine was reviewed by Prof. Kaushalya Yatigammana, adding academic depth.

First published in 1975 by the Bank’s Research Department, Economic Review was envisioned as a multidisciplinary platform to promote informed, accessible, and contextually grounded discussion on key national and regional economic issues. It responded to a growing need for credible economic analysis and commentary, engaging a broad readership that includes students, academics, researchers, policymakers, and development professionals.

The publication has remained committed to its founding mission: advancing public understanding of economic development through analytical depth, balanced perspectives, and knowledge dissemination in all three national languages—Sinhala, Tamil, and English. With a rich archival catalogue, the magazine has become a vital source for socio-economic research and policy reflection in post-independence Sri Lanka.

The relaunch marks both a moment of introspection and a forward-looking shift. As global and domestic economies undergo profound changes—from climate volatility and digital transformation to evolving monetary systems and inclusive finance—the need for a credible, interdisciplinary forum for economic thought has never been greater.

A key feature of the relaunch is the magazine’s availability in both print and digital formats. Adopting a digital-first publishing model will significantly broaden its reach, remove institutional access barriers, and ensure greater engagement across a wider spectrum of readers. The new online platform will also house a searchable archive of back issues, preserving five decades of economic insight.

The relaunched edition, themed “Unlocking SME Potential through Digital Transformation,” offers 52 pages of curated content, that examine the vital role of small and medium enterprises in Sri Lanka’s evolving digital economy.

Published biannually as a Corporate Social Responsibility (CSR) initiative by People’s Bank, Economic Review is coordinated by the Bank’s Strategic Planning, Performance Management, and Research Department. The magazine is freely accessible via the official website: www.peoplesbank.lk.



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Navy seizes an Indian fishing trawler poaching in Sri Lankan waters north of Talaimannar

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During an operation conducted in the wee hours of Tuesday (23 Dec 25), the Sri Lanka Navy seized an Indian fishing trawler  and apprehended 12 Indian fishermen, while they were poaching in Sri Lankan waters north of Talaimannar.

Recognizing the detrimental effects of poaching on marine resources and the livelihoods of local fishing communities, the Sri Lanka Navy continues to conduct regular operations as
proactive measures to deter such activities. These efforts underscore the collective robust approach steadfast commitment to safeguarding the nation’s marine ecosystems while ensuring the economic security and wellbeing of its citizens.

The fishing trawler along with the fishermen held in this operation was handed over to the Fisheries Inspector of Mannar for onward legal proceedings.

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India’s External Affairs Minister meets Sri Lanka PM

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India’s External Affairs Minister, Dr. Subramaniam Jaishankar, met with the Prime Minister of Sri Lanka, Dr. Harini Amarasuriya, on 23 December at Temple Trees, during his visit to Sri Lanka as the Special Envoy of Indian Prime Minister Shri Narendra Modi.

The meeting took place as part of the official visit aimed at holding discussions with Sri Lanka’s top leadership, at a time when the nation commenced reconstruction efforts following the devastation caused by Cyclone Ditwah.

During the discussions, the Minister of External Affairs of India reaffirmed readiness to extend support for Sri Lanka, including assistance in rebuilding railways, bridges, and strengthening of the agricultural sector in the country. He also highlighted the importance of having effective systems in place to respond to disaster situations, supported by strong legislative, administrative, and institutional frameworks. Both sides reviewed ongoing relief efforts and explored avenues to further strengthen bilateral cooperation in disaster response and recovery.

The Prime Minister commended the Government of India for the continued support, noting that the recovery process following the devastation caused by Cyclone Ditwah include beyond immediate relief efforts to long-term measures such as resettlement, and reconstruction of habilitation and infrastructure.

The Prime Minister further stated that steps have been taken to reopen schools as part of the process of restoring normalcy, with close monitoring in place. The Prime Minister emphasized the need to ensure stability, reduce vulnerability, and strengthen protection mechanisms highlighting the solidarity of the people, their strong spirit of volunteerism, and collective action demonstrated during the emergency situation.

The event was attended by the High Commissioner of India Santosh Jha, Additional Secretary (IOR), MEA  Puneet Agrawal, Joint Secretary (EAMO), MEA  Sandeep Kumar Bayyapu, Deputy High Commissioner Dr. Satyanjal Pandey, and representing Sri Lankan delegation, Secretary to the Prime Minister  Pradeep Saputhanthri, Additional Secretary to the Prime minister Ms.Sagarika Bogahawatta, Director General (South Asia), Ministry of Foreign Affairs Samantha Pathirana, Deputy Director, South Asia Division, Ministry of Foreign Affairs Ms.Diana Perera.

[Prime minister’s media division]

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Sri Lanka’s coastline faces unfolding catastrophe: Expert

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Sri Lanka is standing on the edge of a coastal catastrophe, with the nation’s lifeline rapidly eroding under the combined assault of climate change, reckless development and weak compliance, Director General of the Department of Coast Conservation and Coastal Resource Management (DCC&CRM) Dr. Terney Pradeep Kumara has warned.

“This is no longer an environmental warning we can afford to ignore. The crisis is already unfolding before our eyes,” Dr. Kumara told The Island, cautioning that the degradation of Sri Lanka’s 1,620-kilometre coastline has reached a point where delayed action could trigger irreversible damage to ecosystems, livelihoods and national security.

He said accelerating coastal erosion, rising sea levels, saltwater intrusion and the collapse of natural barriers, such as coral reefs and mangroves, are placing entire coastal communities at risk. “When mangroves disappear and reefs are destroyed, villages lose their first line of defence. What follows are floods, loss of homes, declining fisheries and forced displacement,” he said.

Dr. Kumara stressed that the coastline is not merely a development frontier but the backbone of Sri Lanka’s economy and cultural identity. “More than half of our tourism assets, fisheries and key infrastructure are concentrated along the coast.

If the coast fails, the economy will feel the shock immediately,” he warned.

Condemning unregulated construction, illegal sand mining and environmentally blind infrastructure projects, he said short-term economic interests are pushing the coastline towards collapse. “We cannot keep fixing one eroding beach while creating three new erosion sites elsewhere. That is not management—it is destruction,” he said, calling for science-driven, ecosystem-based solutions instead of politically convenient quick fixes.

The Director General said the Department is intensifying enforcement and shifting towards integrated coastal zone management, but warned that laws alone will not save the coast. “This is a shared responsibility. Policymakers, developers, local authorities and the public must understand that every illegal structure, every destroyed mangrove, weakens the island’s natural shield,” he added.

With climate change intensifying storms and sea surges, Dr. Kumara warned that Sri Lanka’s vulnerability will only worsen without urgent, coordinated national action. “The sea has shaped this nation’s history and protected it for centuries. If we fail to protect the coast today, we will be remembered as the generation that allowed the island itself to be slowly eaten away,” he went on to say.

By Ifham Nizam

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