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First EgyptAir Cargo flight arrives and departs with 188 tons of Sri Lankan products

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The very first flights of EgyptAir Cargo, the national freighter of Egypt, arrived at the Bandaranaike International Airport last week and departed with a total of 188 tons of Sri Lankan products to export destinations worldwide, benefiting from the broad global network of EgyptAir.

Ambassador of the Arab Republic of Egypt in Colombo Hussein El Saha said that this long-awaited event was considered an inaugural step towards establishing a regular air transport route between Egypt and Sri Lanka, which would broaden the horizons for bilateral trade between the two friendly countries, and through them to the markets beyond. He praised the efforts of both Sunil Adikaram, General Manager Sales and Operations of Forwardair Aviation, the Cargo General Sales Agent of EgyptAir in Sri Lanka and his efficient team and EgyptAir Cargo team in Cairo to attain this significant achievement. El Saharty revealed that feasibility studies were now being carried on by both sides to consider several options for establishing a regular transit cargo route for EgyptAir either through BIA or MRIA, benefiting from the growing facilities in both hubs.

“Bilateral trade values between Egypt and Sri Lanka averaged USD 50 million annually in the last few years. Even during recent COVID-19 lockdowns, exporters, trade authorities and diplomatic mission in both countries worked hard to facilitate the regular and smooth flow of trade, resulting in Sri Lanka being able to export a total of 738 tons of its products to Egypt during the two months of April and May 2020, including 264 tons of Ceylon tea, 208 tons of desiccated coconut, 26 tons of cocoa powder, 234 tons of rubber products, and seven tons of PPEs. Similarly, Egyptian products, especially citrus fruits, have been smoothly exported to Sri Lanka during the same period. Huge trade potential was still to be explored and untapped”, he said.

The first bilateral agreement between Egypt and Sri Lanka (then Ceylon) for the operation of regular flights was signed in 1950 in London, while the first trade and payments agreement was concluded in 1954 in Cairo. Another updated air transport agreement was signed in 2005. Colombo and Cairo have been connected through direct regular flights operated by Air Ceylon from the late 1940s until the late 1970s, while EgyptAir has operated intermittently between both capitals during subsequent years. The future holds immense opportunities for enhancing trade and connections between both countries.

 



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PMB declines to release Rs 1.2 bn FD for paddy purchasing

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Treasury forced to bear responsibility for Rs 2 bn in loans

By Shamindra Ferdinando

State Finance Minister Ranjith Siyambalapitiya has said that the State Banks weren’t in a position to release funds to the Paddy Marketing Board (PMB) as the enterprise owed them a staggering sum, running to over Rs 20 bn.

Due to the failure on the part of the state enterprise to settle previous loans, the Treasury has been compelled to accept the responsibility for repaying them, the State Minister said.

The Kegalle District lawmaker said so on the live political programme, Salakuna, telecast on Hiru on Monday night. The State Minister was responding to interviewer Chamuditha Samarawickrema’s query regarding the inordinate delay on the part of the government to implement the paddy purchasing scheme.

Referring to Agriculture Minister Mahinda Amaraweera’s abortive efforts to obtain the required funding, lawmaker Siyambalapitiya said that the Treasury was helpless.

State Minister Siyambalapitiya said the PMB couldn’t be faulted for the crisis as successive governments had directed the state enterprise to purchase paddy at a higher price, then ordered it to sell at a much lower price, thereby causing staggering losses.

The State Minister also acknowledged management level shortcomings and political interventions caused the ruination of the PMB.

The PMB owed the Bank of Ceylon and the People’s Bank Rs 1,600 mn and Rs 690 mn, respectively.

The State Minister acknowledged that the issue couldn’t be resolved in spite of interventions made by President Ranil Wickremesinghe and Premier Dinesh Gunawardena. Referring to a subsequent discussion he had with the Secretary to the Treasury Mahinda Siriwardana, lawmaker Siyambalapitiya said that the BOC has asked for Rs 1.2 bn fixed deposit as security though the PMB declined to do so. According to the State Minister the PMB asserted that it couldn’t forgo the fixed deposit as the

interest received was utilized for day to day running of its operations.

The State Minister said that the banks could release the required funding on the basis of a guarantee given by the Treasury. The lawmaker explained the inability on the part of the Treasury to give such a guarantee as further deterioration of public finance could have a devastating impact on the banking sector. Such an eventuality couldn’t be allowed, the SLFPer said.

The Minister acknowledged that the failure on the part of the government to launch a paddy purchasing scheme would dishearten the farmer community.

Chamuditha Samarawickrema pointed out that the private sector had managed their ‘operations’ in a much better way.

The State Minister said that the situation was so bad that of the recent Rs 93 mn public sector salary bill, the government could meet Rs 82 mn. The government had no option but to ask those state enterprises to pay salaries from their funds, pending repayment, the MP said, reiterating the Treasury couldn’t help the PMD at the moment.

Responding to further questions, the State Minister said that the government would definitely give priority to the PMD issue once they finalized public sector salary payments. The Minister urged the media not to pursue an agenda detrimental to the government’s recovery efforts. Asked to explain, the State Minister said that there had been accusations the government didn’t purchase paddy to clear the field for the private sector. The Hiru team pointed out that the banks had released substantial amounts to the private sector to purchase paddy. The Minister explained the banks tried their best to help but circumstances were such the government couldn’t help at the moment.

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PSC proposes amendment to Children and Young Persons Ordinance

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A meeting of the Parliamentary Select Committee to ensure gender equality in progress. Among those present were lawmakers Rohini Kaviratne, Sudarshini Fernandopulle, Dr. Seetha Arambepola and Deputy Secretary General of Parliament Kushani Rohanadeera (pic courtesy Parliament)

The Parliamentary Select Committee to ensure gender equality has decided to propose amendments to the Children and Young Persons Ordinance to consider all those below 18 years as children.

The PSC presided by its Chairperson Dr. Sudarshini Fernandopulle that met in the Parliamentary Complex last week also decided to replace the reference ‘young persons’ in the Ordinance and to rename it as the Children’s Ordinance.

As per the amendments every reference to “Children and Young Persons Ordinance”, “children and young persons”, “child or young person” and “age of sixteen years” in any regulation or rule made under the principal enactment or notice, notification, contract, communication or other document issued under the principal enactment shall be read and construed as a reference respectively, to “Children’s Ordinance”, “children”, “child” and “age of eighteen years.

Section 71 of the Ordinance will be amended, by the repeal of subsection (6) of that section establishing that “nothing in this section shall be construed to affect the right of any parent, teacher or legal guardian to punish a child or youth”.

The purpose of the Children and Young Persons Ordinance Clause 23 is to make orders for the establishment of Juvenile Courts for the supervision of juvenile offenders for the protection of children and young persons.

State Minister Dr. Seetha Arambepola, Members of Parliament Thalatha Atukorala, Rohini Kaviratne, Eran Wickramaratne, Dr. Harini Amarasuriya, Manjula Dissanayake, Secretary to the Committee and Deputy Secretary General of Parliament Kushani Rohanadeera and senior officials representing the Ministry of Women and Child Affairs and the Ministry of Justice, Prison Affairs and Constitutional Reforms were present at the PSC meeting.

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80 houses destroyed in fire at Thotalanga

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The scene of the fire(pic by Jude Denzil Pathiraja)

At least 80 houses were destroyed due to a fire that broke out in a highly congested area in Colombo on Tuesday (27) night. Around 220 people had been displaced, the police said.

The fire broke out at Kajeemawatte in Thotalanga at around 8 pm on Tuesday and it took firefighters several hours to bring the fire under control. Twelve fire engines were deployed, but many of the dwellings had been burnt out as approach roads were not wide enough for the vehicles to reach the fire.

Those who are affected are now housed in community centres and places of worship.

No casualties were reported in the incident. The police are yet to determine the cause of fire and the total damage to property has not been estimated still.

Meanwhile, President Ranil Wickremesinghe, who is on an official visit to Japan, has instructed Presidential Secretary Saman Ekanayake to take steps to provide immediate relief to all victims of the fire.

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