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Sri Lanka Cabinet approves law to seize stolen wealth
The newly drafted Proceeds of Crime Act (POCA), approved by the Cabinet, will enable judicial custody and the confiscation of crime proceeds, and it will establish an authority to manage such seized assets. It is reported that the government plans to present this new law to Parliament next month and aims for its passage. The…
United Petroleum of Australia to enter retail market from mid-year
Power and Energy Minister Kanchana Wijesekera revealed yesterday that United Petroleum of Australia has finalised an agreement with the Power and Energy Ministry to venture into petroleum retail operations in Sri Lanka. The announcement comes following last month’s signing of the agreement between the two parties. “They plan to sign the agreement with the BOI…
President Extends Best Wishes to Sri Lankan Cricket Team Heading to T20 World Cup
President Ranil Wickremesinghe extended his well-wishes to the Sri Lankan Cricket Team as they embark on their journey to participate in the upcoming Twenty20 World Cup Cricket Tournament, set to take place in America and the West Indies from June 1st to June 29th. In a meeting held at the Presidential Secretariat this afternoon (13th),…
Driver’s Delight: Sri Lanka Ends Backlog of Temporary Licenses After Police Grumble
Hundreds of thousands of Sri Lankan drivers who’ve been stuck with flimsy paper licenses can finally breathe a sigh of relief. The Department of Motor Traffic (DMT) has announced it will clear the backlog of 865,000 temporary licenses by October this year, replacing them with proper laminated cards. This welcome news comes after months of…
Sri Lanka Honoured with UN Award for Mangrove Ecosystem Restoration
Sri Lanka has been lauded with the prestigious World Restoration Flagship Award by the United Nations Environment Programme (UNEP) for its remarkable efforts in rejuvenating mangrove ecosystems. The announcement was made during the Sixth Session of the United Nations Environment Assembly (UNEA-6), emphasizing Sri Lanka’s pivotal role in pioneering effective solutions for ecosystem revitalization crucial…
Implementation of a Loan Scheme to Support Small and Medium-Scale Rice Industry
President Director General (Community Affairs), Rajith Keerthi Thennakoon, announced the initiation of an “Odapana” loan scheme during a meeting held at the President’s Office the day before yesterday (14). This loan scheme, implemented in response to President Ranil Wickremesinghe’s directives, aims to address the financial challenges encountered by small and medium-scale rice mill owners, rice…
