Connect with us

Latest News

President chairs discussion on providing swift solutions to challenges in apparel sector

Published

on

A discussion aimed at identifying swift solutions to the challenges facing Sri Lanka’s apparel sector, with a view to strengthening an export-led economy and enhancing dollar earnings, was held this afternoon (22) at the Presidential Secretariat under the patronage of President Anura Kumara Dissanayake.

The meeting brought together leading business leaders and investors in the country’s apparel industry. Extensive discussions were held on the practical challenges confronting the sector and the support measures required to successfully implement the Export Development Board’s (EDB) new export strategy.

President Anura Kumara Dissanayake emphasised that the Government would extend its fullest support towards strengthening Sri Lanka’s export economy and outlined the policy measures planned to achieve this objective.

The President further noted that expanding industrial operations into rural areas could significantly strengthen the country’s export economy and invited investors to participate in this initiative. Discussions were also held on a Government-supported “Plug and Play” mechanism, under which the necessary infrastructure and factory buildings would be provided to facilitate investment.

Explaining the current economic situation, the President pointed out that although investments made in Sri Lankan rupees have increased, it is essential to strengthen dollar-earning sectors in order to manage the impact on the country’s foreign exchange position. The President further stated that economic revival could be achieved by increasing dollar revenues while keeping rupee-denominated expenditure under control.

Special attention was also paid to land-related issues faced by investors. The President stated that the Government would intervene to ensure the value of land assets and maintain policy stability, adding that the necessary legal reforms in this regard are already underway.

The President also drew attention to the challenges faced by local raw material suppliers as a result of the Value Added Tax (VAT) system and requested business representatives to promptly submit proposals on alternative relief measures that could be introduced to address these concerns.

Alternative measures that could be taken to expand free trade agreements and increase quotas to increase market opportunities were also discussed extensively.

It was further noted that the National Single Window for Trade is expected to be operational by the end of July this year to enhance the efficiency of trade-related activities, while the National Single Window for Investment is scheduled to be completed by the end of the year.

The President also highlighted the need to strengthen legal and technological mechanisms to prevent illicitly acquired wealth from being transferred out of the country. He further stated that a new law aimed at combating organised crime, while safeguarding public rights, would be introduced in place of the Prevention of Terrorism Act (PTA).

The investors expressed their appreciation to the President for providing them with an opportunity to directly present their concerns. They also requested that a monthly forum be established to enable discussions with relevant officials on issues that may arise in the course of their operations. Responding positively to the request, the President instructed officials to take the necessary steps to facilitate such engagements.

Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando, Secretary to the Ministry of Finance, Planning and Economic Development Harshana Suriyapperuma, Controller General of Imports and Exports Upulmali Premathilaka, Chairman of the Sri Lanka Export Development Board Mangala Wijesinghe, officials representing the Inland Revenue Department, Sri Lanka Customs and other relevant institutions, as well as a number of leading business leaders and investors from Sri Lanka’s apparel sector, were present at the discussion.

President’s Media Division (PMD)



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

July 6th declared as Sri Lanka National Legal Aid Day

Published

on

By

The Legal Aid Commission of Sri Lanka was established under the Legal Aid Act No. 27 of 1978 with the objective of facilitating access to justice for all citizens, including vulnerable groups and marginalized persons.

The commission makes a significant contribution to the protection of fundamental rights through the provision of legal aid services promotion of legal awareness, strengthening the rule of law and promoting access to justice.

It has been identified the appropriateness of declaring a National Legal Aid Day to enhance the public awareness of legal rights and remedies, facilitate a national dialogue on law enforcement and enhance the public understanding of the importance of legal services.

Accordingly, having ratified the legal Aid Act No.27 of  1978, the Cabinet of Ministers has approved the resolution furnished by the Minister of Justice and National Integration to declare July 06th as the National Legal Aid Day.

Continue Reading

Latest News

Appointment of a special Committee for protection of lands in Eastern Province

Published

on

By

A series of political, economic, and administrative problems in the Eastern Province have arisen due to the misuse of government power and political patronage, as well as illegal land grabbing, unauthorized land grabbing, and unauthorized constructions along the coastline.

As a result, the natural ecosystem of the region has been severely endangered, and these informal and illegal human activities have also become a major factor in the rapid creation of severe soil erosion along the entire eastern coastal area.

Furthermore, despite 16 years having passed since the end of the civil war, the lack of a formal program to permanently resettle the displaced people and the deviation from common criteria in the formation of the administrative structure have had a direct impact on the development activities of the province, as well as national security.

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the  President to implement the following proposals and find prompt and permanent solutions to the aforementioned problems, take legal action and  strengthen institutional coordination.

• Appointing a committee by the name of “Protecting Eastern Province Lands’ with the chairmanship of the former Land Commissioner of the Southern Province and current Local Government Commissioner of the Southern Province, Senaka Palliyaguruge, and comprising of representatives of relevant institutions.

• Establishing of a special unit headed by a Deputy Inspector General of Police and granting of full powers to the security forces to stop unauthorized land acquisitions and land reclamations carried out using political power.

• Taking over the government lands that were provided by the Sri Lanka Mahaweli Authority 05 years ago, to the government where no project has been implemented so far.

• Handing over the acquired lands to the Divisional Secretaries to use for the development activities of the people under a formal program.

• Preparing of a formal plan to promote the tourism industry by utilizing the high potential of the eastern coastline while protecting the coastal system.

• Formulating a mechanism to ensure that the government officials implement the law impartially and transparently when operating hotels along the eastern coastal area.

Continue Reading

Latest News

Ellyse Perry runs the show as Australia brush past Pakistan

Published

on

By

Ellyse Perry started quick in the powerplay [Cricinfo]

Ellyse  Perry produced one of her best innings of a long T20 World Cup career to lead Australia to a fourth victory from as many matches at this edition, with a massive 113-run win against Pakistan.

On a batting-friendly pitch on a glorious summer evening at Headingley, Perry struck 71 off 48 balls to lead her side to 199 for 7, sharing a century partnership for the second wicket with Georgia Voll,  after Pakistan had made an early breakthrough removing Beth Mooney first ball.

Mooney braved a twice dislocated finger during Australia’s fielding innings to continue keeping wicket as Pakistan lost a steady stream of wickets, including two to Perry in her first over to finish with 2 for 9.

Sophie Molineux and Annabel Sutherland also took two wickets each, Mooney and Sutherland combining for the last to fall, Sadia Iqbal caught behind for a first-ball duck as Pakistan were bowled out for just 86 with 6.2 overs to spare.

Having played in all 10 T20 World Cups, Perry was at her best, scoring a maiden half-century from any of her 51 appearances at the event. She exuded class as she manipulated the crease with sharp footwork, picked the gaps expertly and punished anything short. Her six over a leaping long-on off Rameen Shamim was a perfect blend of elegance, timing and power.

Before this innings, Perry’s best score at a T20 World Cup was 42 in a losing cause to New Zealand in Nagpur in 2016, although her 71 fell short of her career best in T20Is of 75 and 72 not out, both scored on Australia’s tour of India in 2022. It was her first fifty in the format since October 2023.

Introduced into the attack with Pakistan four wickets down in the 10th over, Perry struck first ball as Muneeba Ali sent a short one straight to midwicket and, with the last, she had Aliya Riaz caught behind.

Gull Feroza took a stunning one-handed catch diving to her right at slip to remove Mooney on the first ball of the match and give Pakistan a boost. Mooney had recovered from the back soreness which prompted her to retire hurt on 74 not out against Netherlands on Saturday, but her stay at the crease was brief this time when she prodded at a Sadia Iqbal delivery outside off and angling in, Feroza plucking the ball from the air and holding firmly as she landed

From there, however, Perry and Voll piled on the misery for their opponents. Fatima Sana conceded 17 runs in the second over and Diana Baig, the experienced seamer playing her first match of the tournament, went for 19 off her first, including five wides as wicketkeeper Muneeba failed to gather one down the leg side, and three boundaries as Perry hit her stride. By the end of the powerplay, Australia were 64 for 1, their best in that phase of the innings for this tournament.

Two wickets in three balls for Nashra Sandhu gave her side cause for celebration in the 10th over as Pakistan maintained their flawless start in the field. Voll looked to go down the ground but holed out to long-off and Ash Gardner fell to a second-ball duck chipping to cow corner. Pakistan continued to hold their catches as Georgia Wareham and Sutherland both fell to Shamim, the latter after a 44-run stand with Perry. The key catch came when Pakistan reviewed after Perry gloved a Sana bouncer behind and, as the ball died on her, Muneeba slid forward and managed to get her gloves under the ball.

Mooney’s retirement in the previous match was described by the Australian camp as precautionary but her courage in Leeds on Tuesday night was impressive, continuing to keep wicket after having a dislocated finger put back in place not once, but twice.

Mooney was initially struck on the fingertips of her right hand as she tried to stop a wide delivery from Kim Garth to Muneeba. With Mooney clearly in agony, team medical staff realigned her finger and, amid the relief that followed, she donned the gloves again. She then had to have the same finger taped up when she was struck again reaching in vain to collect an edge from Muneeba. But again she carried on and was involved in five dismissals thereafter.

Muneeba clubbed the next ball for six over deep midwicket but either side of that strike, she had been involved in two run outs. The first was on a Mooney fumble trying to gather down the leg side and Muneeba belatedly sent back opening partner Feroza as Voll fired the ball back to Garth and the bowler flicked off the bails. It was a similar story when Ayesha Zafar pushed a Lucy Hamilton delivery towards cover and set off for a run, only to be sent back by Muneeba as Molineux threw the ball back to Mooney with Ayesha out of her ground.

Pakistan managed to reach 50 for 3 in the powerplay but the wickets continued to fall, not least to yet another shocking run out, Shamim hitting Molineux to mid-on and getting more than halfway down the pitch before captain Sana sent her back, Voll’s throw to Mooney beating her by some distance.

SCORES:
Australia Women 199 for 7 in 20 overs  (Georgia Voll 39, Ellyse Perry 71, Annabell Sutherland 27, Nicola Carey 26*; Sadia Iqbal 2-31, Fatima Sana 1-45, Rameen Shamim 2-34, Nashra Sandhu 2-33) beat Pakistan Women 86 in 13.4 overs (Muneeba Ali 32, Iram Javed 14, Fatima Sana 17; Sophie Molineux 2-06, Georgia Wareham 1-02, Ellyse Perry 2-9, Annabel Sutherland 2-12) by 113 runs

[Cricinfo]

Continue Reading

Trending