As Sri Lanka’s trade with the virgin Eurasian market Belarus clocked $ 14 Mn, the gateway to the 170 Mn strong custom union wants to renew trade and business immediately -as early as in July. “With your assistance, we want to prepare fruitful projects with Sri Lanka. We propose a Joint Economic Commission with Sri Lanka as early as July 2014 to be held in Colombo, if possible. We also can formulate the first Belarus Business delegation to Colombo during this event as per your interest” said Vitaly Prima (the New Delhi based Ambassador of Belarus to Sri Lanka) on 22 May in Colombo.
The World Bank's International Development Association has approved a loan of 110 million dollars for a new project to improve the storage capacity of all irrigation reservoirs to face the impact of climate change.
The new project will be launched by the Irrigation and Water Resoruces Management Ministry to face the impact of climate change. The work is to be completed within 5 years.
Sri Lanka has one of the oldest traditional irrigation systems in the world, dating back as far as 500 BC. The early Sri Lankan society developed a system of irrigation tanks that retain river runoff mainly for the purpose of irrigation agriculture. Until today it provides many direct and indirect services for millions of people. Besides the production of rice the tanks provide goods such as fish, lotus flowers and roots that diversify household income. The seepage from the tanks maintains water quality in wells and is the main source for drinking water.
Since the 1970’s, the increasing demand for water in upstream areas for modern, large-scale agriculture and hydro-power has lead to the decline of water flow into the tank system and increased the sediment load and siltation. This together with the loss of traditional management practices caused a decline in the water holding capacity of the tank system, resulting in negative consequences for the livelihood of downstream users.
The Government of Sri Lanka formalized its commitment to host and support the “Integrated Conference of Better Air Quality (BAQ) 2014 and Intergovernmental 8th Regional Environmentally Sustainable Transport (EST) Forum in Asia” that will be held in Colombo in November this year. Susil Premajayantha, Minister of Environment and Renewable Energy and Rohana Kumara Dissanayake, Deputy Minister of Transport were in Manila for the signing of the Memorandum of Understanding (MoU) with the BAQ organizer, Clean Air Asia, represented by its Executive Director, Mr. Bjarne Pedersen.
"In order to counter the effect of the continued decline in pawning advances on productive sectors of the economy, the Monetary Board granted approval to implement a credit guarantee scheme on pawning advances on behalf of the government," the Central Bank said in its May monetary policy statement.
SriLankan Airlines, the newest member of oneworld alliance, is set to begin offering new codeshares with fellow oneworld member Finnair, a reciprocal arrangement that deepens both airlines’ networks and helps boost travel and tourism between the Nordic countries and Sri Lanka.
Highlighting the significance of peace and religious harmony, Security Force Jaffna (SF-J), in collaboration with Jaffna-based DAN TV brought five leading priests of all four denominations to one forum to meet in an opportune Dhamma (religious) discussion on Tuesday (13).
Security Force Jaffna (SF-J), on the initiative of SF-J Commander Major General Udaya Perera gave 205 scholarships to students from low income families on Wednesday (14). Handing over the bank pass books with financial deposit to recipients took place during the Vesak Bhakthi Gee at the “Yapa Patunai Daham Amavai – 2014” Vesak Zone.