Main news (English)

This Is How a Country Gets Rich: Turning Local Graphite into Dollar Gold.!

This Is How a Country Gets Rich: Turning Local Graphite into Dollar Gold.!

Recently (16) a discussion was held at the Ministry’s auditorium under the patronage of the Minister of Science and Technology, Professor Krishantha Abeysena, on the commercialization of rechargeable batteries produced through a low-cost new technological method of purifying local graphite to a state suitable for battery production, which has been discovered as a result of research conducted by the National Institute of Basic Studies affiliated to the Ministry of Science and Technology.

The event was attended by Y.L. Mohamed Nawawi, Secretary to the Ministry of Science and Technology, Professor Athula Sumathipala of the National Institute of Basic Studies, Professor Cyril Wijesundara, Dr. Athula Wijesinghe, private sector entrepreneurs Cherantha de Silva, Kapila de Silva, Chairman of the National Science Foundation Professor Saman Senaweera, Chief Innovation Officer of the National Innovation Agency Professor Ajith de Alwis, and Professor Upul Sonnadara of the University of Colombo.

Graphite is used as a raw material in a large number of industries around the world. Among them, the rechargeable battery manufacturing industry holds a prominent place.

Sri Lanka’s high-quality graphite, which is of the highest quality in the world, is very suitable for this process, and for this industry, the graphite must be purified to a purity of about 99.99%.

A group of researchers at the National Institute of Basic Studies in Sri Lanka has identified a low-cost new technology for this purification method, which has very high commercial value.

Throughout history, instead of producing and exporting value-added products related to the country’s natural resources, those natural resources have been exported in large quantities as raw materials.

At the same time, there is a major problem of not commercializing the new knowledge and technology generated through research conducted in the country. This project has a particularly important position as a step forward in line with the new government’s program to address this.

The discussion was held between officials of the Ministry of Science and Technology, scientists from the National Institute of Basic Studies, and private sector stakeholders who intend to provide financial resources for this project.

The purpose of the discussion was to exchange views on the opportunities for the country to benefit economically by promoting this technology to a commercial level.

The discussion was held very constructively with positive responses from the relevant parties. Accordingly, the next steps of the project are to be reached on the basis of a Memorandum of Understanding.

Imported Goods Are Going to Be Pricier.!

Imported Goods Are Going to Be Pricier.!

The Lanka Freight and Transport Association says that the price of imported goods is increasing due to the delay in customs clearance and the burden of this is inevitably being passed on to consumers.

He also stated that there is a problem in determining the price of imported goods due to this delay and the disadvantage of increasing lorry fares due to the shortage of lorries is also being directly imposed on the consumer.

The association’s president, Inam Kafur, further said that the drivers have taken steps to increase the daily rate from Rs. 15,000 – 20,000 to Rs. 40,000 – 50,000.

Also, due to this, importers will have to face major problems in determining the price of goods and even if the goods are sold, the consumers will have to pay the cost, Mr. Kafur pointed out.

Ending Political Interference: Acting IGP’s Vision for Police Accountability.!

Ending Political Interference: Acting IGP’s Vision for Police Accountability.!

Speaking at a special media briefing held at the Government Information Department yesterday (17) under the theme “The Role of the Police with the New Government Programme,” Acting Inspector General of Police Priyantha Weerasuriya revealed that, according to a recent survey, 40% of police officers are stationed at police stations within their permanent residential areas.

He further stated that both the Ministry Secretary and he strongly believe that police officers should not be assigned to stations within their residential areas. Accordingly, he plans to implement transfers to address this issue in the future.

Acknowledging the longstanding issue of political interference within the police force, from the highest-ranking officers to the lowest, he expressed his commitment to ending this culture. He also emphasized the importance of evaluating officers based on their performance to ensure accountability and professionalism.

Sri Lanka Slashes Electricity Rates: Up to 31% Reduction for Key Sectors.!

Sri Lanka Slashes Electricity Rates: Up to 31% Reduction for Key Sectors.!

Electricity rates have been reduced by 20% with effect from today (17).

The Public Utilities Commission of Sri Lanka has announced this while publishing its final report on the revision of electricity rates.

The unit rate for the household category between 0-30 has been reduced from Rs. 6 to Rs. 4 and the unit rate for the 31-60 category has been reduced from Rs. 9 to Rs. 6.

According to this electricity rate revision, which will be effective from midnight today (17), electricity rates for the household sector will be reduced by 20%, while electricity rates for religious places of worship and charitable institutions will be reduced by 21%.

Electricity rates for hotels have been reduced by 31%, for the industrial category by 30% and for the public utility category by 12%.

Steps have also been taken to reduce fees for government institutions by 11% and for street lamps by 11%.

Southern Expressway Accident: 30 Foreigners Injured, Driver Dead.!

Southern Expressway Accident: 30 Foreigners Injured, Driver Dead.!

A horrific accident occurred this morning (17) when a bus carrying foreign tourists collided with the back of a cement lorry traveling in the same direction near the 138th pillar on the Southern Expressway towards Tangalle.

The bus driver, who was seriously injured in the accident, died on the way to the hospital, while the foreigners who were traveling in the bus were also injured and admitted to the Tangalle Base Hospital.

It is said that about 30 foreign nationals were traveling in the bus at the time of the accident, and the cause of the accident has not been identified yet.

The bus has been completely destroyed in the accident.

Government Launches Relief Package to Support Struggling SMEs.!

Government Launches Relief Package to Support Struggling SMEs.!

The government has designed a relief package to provide relief to local SMEs who are facing difficulties in repaying loans.

This relief package has been prepared with a long-term vision to provide relief to the businesses of affected SMEs while ensuring the stability of the banking sector, in collaboration with the Central Bank of Sri Lanka, the Sri Lanka Banks Association, representatives of the SME sector, and other relevant government institutions.

Accordingly, if the SMEs that have obtained a loan facility from a licensed bank and are classified under the Stage 3 (non-performing loans) category on or after 2019.04.01, along with all the necessary documents, initiate discussions with the relevant concessional banking unit on or before 2025.03.31, those SMEs will be eligible for inclusion in the proposed concessional package.

During the period from 2019.04.01 to 2024.09.30, banks have classified about 494,000 loans worth about Rs. 886 billion under the Stage 3 loan category (non-performing loans), and 99% of them have been classified as less than Rs. 25 million loans.

Taking all these factors into consideration, the government has planned a relief package to provide relief to small and medium-sized enterprises that have faced difficulties in repaying loans due to the adverse effects experienced in the past.

Ceasefire Ends 15-Month Gaza War.!

Ceasefire Ends 15-Month Gaza War.!

Foreign media reports that the two sides have reached a ceasefire agreement, ending the 15-month war in the Gaza Strip between Israel and Hamas.

Accordingly, an agreement has been reached to release hostages in stages from both countries, and this war began when Hamas attacked southern Israel in 2023.

As a result, about 1,200 Israelis were killed and another 251 were taken hostage by Hamas to Gaza.

Israel has continued to launch massive attacks on the Gaza Strip, and more than 46,000 Palestinians have been killed there in the past 15 months.

This ceasefire agreement comes into effect after months of negotiations.

It is said that the State of Qatar will act as a key mediator here.

Medicine Prices Slashed: Monopoly Broken, Rs. 7,000 Drug Now Rs. 370.!

Medicine Prices Slashed: Monopoly Broken, Rs. 7,000 Drug Now Rs. 370.!

Deputy Minister of Health and Mass Media Dr. Hansaka Wijemuni says that the price of medicines has been reduced by about 200 times due to the breaking of the monopoly maintained by certain pharmaceutical companies over the past period.

As a result, the price of a medicine purchased by the Ministry of Health for Rs. 7,000 has dropped to Rs. 370; he further emphasized during an observation visit at the Kandy District Media Unit.

The Deputy Minister also emphasized that the government’s expectation is to further break the pharmaceutical monopoly by granting the opportunity to import medicines to several companies and significantly reduce the prices of a number of medicines in the future.

Cess Tax Reduction on Cement: Bag Prices to Drop by Rs. 100.!

Cess Tax Reduction on Cement: Bag Prices to Drop by Rs. 100.!

The Committee on Public Finance has reportedly approved a proposal to reduce the current cess tax on cement.

According to Finance Ministry officials, this tax revision is expected to lower the price of a bag of cement by approximately Rs. 100.

The decision was made during a Committee meeting held in Parliament on January 8, chaired by Member of Parliament Dr. Harsha de Silva.

Was a Retired Officer Targeted in Dodangoda Shooting?

Was a Retired Officer Targeted in Dodangoda Shooting?

A retired police officer’s home in the Wilpatha neighborhood of Dodangoda, Sri Lanka, was shot at early on January 15.

The house’s glass was hit by four bullets. Thankfully, the incident did not result in any fatalities or injuries.

Responding quickly, the Special Task Force sealed the area to protect the public and allow Kalutara Divisional Crime Investigation Department officials to conduct a comprehensive investigation.

The reason for the shooting is still being looked into.

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