Colombo Port expects to handle 7.0 million containers in 2018, up 12.9 percent from the 6.2 million twenty-foot equivalent units (TEU) handled in 2017 with joint marketing by three terminals, Minister Mahinda Samarasinghe said.
The Jaffna peninsula which is home to agricultural farming and the nerve centre of economic activity in the Northern province is to receive more potable water with the completion of renovation work on the Thondamanaru Barrage under the Dam Safety and Water Resource Planning Project (Additional Finance) (DSWRPP AF) of the Ministry of Mahaweli Development and Environment before May this year.
Sri Lanka has the potential to be at a better position in terms of economic growth bringing prosperity to the country, said Prof. Lalith Samarakoon, Secretary General and Chief Economist of the National Economic Council (NEC) tasked to strengthen the economy. He said what the country needs is a unified economic policy and management framework that could address macro economic issues such as the high debt burden, high incidents of taxation, loss making public enterprises which is a burden on the Treasury and the escalating cost of living. Sustaining loss making State Owned Enterprises (SOEs) is an added expenditure on the government. SriLankan Airlines and Mihin Lanka are some of the poorly managed and loss incurring enterprises which have turned out to be a burden on the state coffers. The national carrier that had been incurring losses in consecutive years recorded an accumulated loss of around Rs. 22 billion last year.
The planned island-wide expansion of the ‘1990 Suvasariya’ Emergency Ambulance Service is to commence next month with the aim of making the service available to the entire country by the end of this year, a high ranking official said last week.
The Colombo Development Dialogues are convened by the United Nations Development Programme (UNDP) and the South Asia Centre of the London School of Economics & Political Science (LSE-SAC), bringing together a diverse group of development thinkers, practitioners and policy-makers from the public and private sectors to discuss relevant issues pertaining to current national regional priorities.Held at least twice a year in collaboration with the Faculty of Graduate Studies, University of Colombo, Dilmah Tea and Citra Social Innovation Lab, these Dialogues aim to generate awareness on different issues of interest and concern in Sri Lanka today, thereby setting an agenda for debates on development.
Almost 70 percent of the investigations into the clashes which occurred in Kandy have now been completed and the balance investigations will be completed soon, Security Chiefs informed Prime Minister Ranil Wickremesinghe yesterday.
Four Ministries will be involved in the payment of compensation towards damages caused during the recent unrest in Kandy according to a decision made by the government on the instructions of Prime Minister Ranil Wickremesinghe.
Sri Lanka is first among 52 low-income countries in the world with regard to infant mortality rates, according to the UNICEF publication "Every Child Alive - The urgent need to end newborn deaths."A Health Ministry spokesman said Sri Lanka’s infant mortality rate is reported as 5.3 deaths per, 1,000 live births.