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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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Urgent reforms needed to eradicate drug menace, says President

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President Anura Kumara Dissanayake has instructed officials to swiftly introduce all necessary reforms, including amendments to existing laws, in order to eliminate the drug menace from the country.

The President issued these instructions while attending the meeting of the “Ratama Ekata” National Steering Council convened on Thursday (07) morning at the Presidential Secretariat to discuss efforts aimed at eradicating the drug menace.

He also directed the relevant authorities to take all necessary steps to expedite the process of destroying seized narcotics as quickly as possible under proper legal procedures, thereby preventing them from re-entering society and to accelerate the process of punishing offenders.

The President emphasised the need to speed up this process in order to build public confidence, as well as the confidence of the teams engaged in operations, noting that the successful implementation of the “Ratama Ekata” national initiative would thereby be strengthened through collective participation.

The progress of anti-narcotics operations carried out under the “Ratama Ekata” national initiative, including raids and arrests, was extensively reviewed at the meeting. Officials pointed out that raids related to narcotics had increased by 80% since the launch of the programme.

Since the launch of the “Ratama Ekata” national operation on 30 October 2025, authorities have seized 5,437.457 kilogrammes of cannabis, 1,936.325 kilogrammes of heroin, 1,991.414 kilogrammes of crystal methamphetamine (“ice”), 271.724 kilogrammes of cocaine, 1,574,895 narcotic pills, and 629,988 illicit cigarettes. A total of 168,460 suspects have also been arrested in connection with these offences.

The current progress of the legal amendments required to eradicate the narcotics menace from the country was reviewed at the meeting, and it was noted that steps had been taken to submit the Rehabilitation (Amendment) Bill No. 54 of 2007 to the Cabinet in due course. Discussions were also held regarding the rehabilitation process, the strategies that could be adopted in that regard, and the measures taken to develop related facilities.

It was further revealed that, at Divisional Secretariat level, 25 families most severely affected by narcotics in each division had been selected for attitude development programmes. The President stressed the importance of implementing all such programmes through local religious centres.

The President also made clear that anti-drug awareness programmes should not merely be limited to conducting awareness campaigns, but should include continuous follow-up to assess whether the message had been properly communicated to society and to monitor progress. He highlighted the importance of maintaining this mechanism continuously with the involvement of religious leaders, including members of the Maha Sangha in the respective areas.

The President also inquired into measures being taken to establish a separate court for narcotics-related cases, expedite the receipt of Government Analyst reports, and accelerate the filing of cases.

He also stressed the urgent need for a rapid programme to expedite legal proceedings and rehabilitation processes concerning inmates imprisoned for narcotics-related offences, in order to ease prison overcrowding.

The Inspector General of Police also briefed the meeting on investigations and the current status relating to Buddhist monks who were recently arrested in connection with narcotics offences.

The President was further briefed on the progress of programmes jointly implemented by the Ministry of Education and the Women and Children’s Bureau to curb organised efforts to draw schoolchildren into narcotics use. He was also informed about community-based programmes planned in conjunction with the International Day Against Drug Abuse and Illicit Trafficking, which falls on 26 June.

Among those present at the meeting were the Anunayaka Theros of the Malwathu and Asgiri Chapters, senior clergy representing several Buddhist Nikayas, Christian priests, Hindu Kurukkals, Muslim religious leaders, senior government officials including Secretary to the President Dr Nandika Sanath Kumanayake, ministry secretaries, senior tri-forces commanders, Inspector General of Police Priyantha Weerasooriya, heads of relevant institutions, senior security officials, and representatives of the “Ratama Ekata” National Steering Council.

[PMD]

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Warm welcome extended to the President of the Socialist Republic of Vietnam at the Presidential Secretariat

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The official welcoming ceremony for the President of the Socialist Republic of Vietnam and General Secretary of the Central Committee of the Communist Party of Vietnam,  To Lam, who is on a State visit to Sri Lanka at the invitation of President Anura Kumara Dissanayake, was held this morning (08th May 2026) at the Presidential Secretariat under the patronage of President Dissanayake.

President To Lam is undertaking this State visit with the aim of further strengthening the economic, cultural and social ties between Vietnam and Sri Lanka.

Upon his arrival at the Presidential Secretariat, escorted by the Police Mounted Division, President To Lam was warmly received by President Anura Kumara Dissanayake.

Following the playing of the national anthems of both countries, the official welcoming ceremony for President To Lam formally commenced.

On the occasion, President To Lam was accorded a ceremonial gun salute with full State honours.

Thereafter, President To Lam and President Anura Kumara Dissanayake reviewed the Tri-Forces Guard of Honour, following which the Vietnamese and Sri Lankan delegations were introduced.

The two leaders also posed for official photographs.

Representing the Government of Sri Lanka at the occasion were Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath, Minister of Labour and Deputy Minister of Finance and Planning Dr Anil Jayantha Fernando, Minister of Science and Technology Professor Krishantha Abeysena, Minister of Buddhasasana, Religious and Cultural Affairs Dr Hiniduma Sunil Senevi, Minister of Environment Dr Dhammika Patabendi, Minister of Public Security and Parliamentary Affairs Ananda Wijepala, Secretary to the President Dr Nandika Sanath Kumanayake, Secretary to the Ministry of Defence Air Vice Marshal Sampath Thuyacontha (Retired), Secretary to the Ministry of Foreign Affairs Aruni Ranaraja, along with a number of senior officials from both countries.

(PMD)

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President of the Socialist Republic of Vietnam arrives in Sri Lanka on State Visit

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President To Lam, President of the Socialist Republic of Vietnam,  General Secretary of the Central Committee of the Communist Party of Vietnam, accompanied by a delegation of 209 members arrived in Sri Lanka on Thursday (07) night on a state visit.

 

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