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Oxford University Society of Sri Lanka elects new committee for 2023

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President Rishan De Silva, Vice President Umayanga Nanayakkara, Committee members Neluka Silva and Hiran Embuldeniya

The Oxford University Society of Sri Lanka (OUS Sri Lanka), held its Annual General Meeting recently in Colombo.

The new committee for the year 2023, includes Rishan de Silva (St. Cross 2016, President), Umayanga Nanayakkara (St. Anthony’s 2016, Vice President), Neluka Silva (Wolfson 2005), Hiran Embuldeniya (Brasenose 1996) and Ashok Ferry (Christ Church 1979).

With the launch of the OUS Sri Lanka committee’s annual flagship event, ‘Applying to Oxford?’, in the past two years, there has been an increase in applications and acceptances at one of the world’s most prestigious Global Universities.

“We are very happy to be able to help students from less privileged backgrounds to apply and successfully gain admission to the University of Oxford. Hopefully these students will be able to one day contribute to the development of the country,” said OUS Sri Lanka Committee Member Hiran Embuldeniya.

The OUS Sri Lanka, is one of the oldest Alumni Societies in Sri Lanka with a long history of illustrious members. Rishan de Silva is the youngest President in the history of the Society and currently serves as Executive Director of the Indian Ocean think tank, the Geopolitical Cartographer.

“Looking forward to 2023, the Society hopes to build on exploring ways to support students attending the University of Oxford, collaborate on academic events, further engage with other Alumni Groups in Sri Lanka, and foster new connections with Oxford societies in the Indian Ocean Region (IOR),” Embuldeniya added.



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National Trade Facilitation Committee Secretariat to be established

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The NTFC review meeting in progress

In an effort to accelerate trade facilitation commitments and bolster the business landscape in Sri Lanka, a high-level review of the National Trade Facilitation Committee (NTFC) was conducted at the Presidential Secretariat on Wednesday (7).

The review focused on assessing the progress of trade facilitation commitments and scrutinizing the performance of the NTFC Secretariat. The private sector also voiced their views on expediting actions to ensure the completion of measures ahead of the projected timeline of 2025-2030.

In order to streamline compliance and optimize performance, several directives were issued during the meeting. Firstly, it was decided to establish the NTFC Secretariat under the supervision of the Ministry of Finance. Secondly, immediate measures to be taken to address the staffing requirements of the Secretariat and lastly, the budget allocated for the NTFC Secretariat in 2023, currently under the Department of Customs, was to be transferred to the Ministry of Finance to prioritize pending actions such as the development of the NTFC website and progress reporting system.

During the meeting, deliberations took place concerning the proposed National Single Window, a system aimed at simplifying and expediting trade processes. The participants agreed to expedite the submission of the proposal in a sequential manner to ensure its swift implementation.

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22 injured in bus – lorry crash at Embulgama

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More than 22 persons have sustained injuries when a Sri Lanka Transport Board bus plying from Akkaraipattu to Colombo crashed head on with a lorry at Embulgama on the Colombo – Avisawella Road this morning (09)

The injured had been rushed to the Homagama and Nawagamuwa hospitals. Hanwella Police are conducting investigations.

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PM discusses ADB future projects in Sri Lanka with ADB DG and new Country Director

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Asian Development Bank’s (ADB) Director General for South Asia Kenichi Yokoyama and newly appointed Country Director Takafumi Kadono held discussions with Prime Minister Dinesh Gunawardena on Thursday (June 8) at the Temple Trees in Colombo.

The Prime Minister, while welcoming the new Director General thanked the outgoing DG, Chen Chen for the support extended to Sri Lanka during the height of Covid pandemic and the economic crisis. He thanked the ADB for extending short term, immediate contingency support which has helped Sri Lankan economy to recover from the unprecedented crisis within a short period of time. ADB loan funds amounting to USD 380 mn were targeted for enhancing fiscal space and efficient public financial management system as well as strengthening the SME sector with access to finance. Further USD 250 mn was obtained as budgetary support to develop Capital Market.

The Prime Minister made a special mention about ADB’s US$ 333 million emergency assistance to support import of essential items such as fertilizer, medicines and chemicals for water treatment, working capital support to SMEs, and cash transfer to most poor and vulnerable to mitigate the impact of economic crisis.

ADB Director General for South Asia Keinichi Yokohoma, praised the recovery made by Sri Lankan economy and briefed the Prime Minister about the ADB’s mid-term and long-term projects for economic progress and infrastructure development.

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