Provident: Latest News

All news where Provident is mentioned

People in need of life-saving assistance hits 3.4 Mn in Sri Lanka - newsfirst.lk - Thailand - Japan - Usa - Sri Lanka - Switzerland - Italy - Germany - Britain - France - Australia - Canada - Eu - county Day - New Zealand - Denmark - Norway - Sweden - state Georgia
newsfirst.lk
79%
488
People in need of life-saving assistance hits 3.4 Mn in Sri Lanka
COLOMBO (News 1st) – The United Nations (UN) team in Sri Lanka and non-governmental organisations have today revised and extended their joint Humanitarian Needs and Priorities (HNP) Plan, which aims to provide life-saving assistance to 3.4 million people amid Sri Lanka’s worst economic crisis since independence.Since June, the HNP has been responding to the Government's request for UN-backed multi-sector support for Sri Lanka's debt and food and medicine shortages. Governments and donor agencies have helped the humanitarian community reach over 1 million of the country's most vulnerable people with cash, food, school meals, medicine, protection, and livelihood support. The HNP aligned with appeals from other UN agencies has raised US $79 million for Sri Lanka thanks to landmark support from the U.S and USAID, Australia, and Japan including JICA, the UN Central Emergency Relief Fund (CERF), as well as Canada, Denmark, Norway, New Zealand, Italy, EU, Switzerland, France, and with additional support from the UK, Germany, Thailand, Sweden, Georgia, Latter Day Saint Charities and private individuals and organizations including Brandix Apparels Ltd, Hemas Holdings PLC, Dilmah Ceylon Tea Company PLC, Daraz (Alibaba Group), Amana Bank PLC and the Citi Foundation. The HNP's revision extends the plan through 2022 and requires US $70 million in additional funds to reach a total of US $149.7 million."We are immensely appreciative of the solidarity the international community has shown with the people of Sri Lanka, including through their generous contributions to the HNP.
Bangladesh issues precautionary measure against Sri Lanka, SL trade at risk - newsfirst.lk - Iran - India - Sri Lanka - Bangladesh - Burma
newsfirst.lk
62%
493
Bangladesh issues precautionary measure against Sri Lanka, SL trade at risk
COLOMBO (News 1st) – The Central Bank of Bangladesh last week issued a circular advising all authorized dealers, including banks, to refrain from transactions with Sri Lankan banks through the Asian Clearing Union (ACU) system.The move has been made in response to the "self-motivated decision by the Central Bank of Sri Lanka (CBSL)  to remain temporarily suspended from ACU mechanism with effect from October 14th".Accordingly, all authorized dealers have been advised not to do any trade and trade related transactions with Sri Lanka through the ACU mechanism.The Asian Clearing Union was created among the South Asian Nations in order to provide trading facilities among the South Asian Nations, plus Iran and Myanmar as members in 1974. Within the ACU, all eligible transactions between member countries are required to be settled through the Asian Clearing Union. The unit of settlement of ACU transactions is a common unit of account of ACU, which is equivalent to one USD.In case of importation of materials into a country, it would be debited to the account of that specific country at the Asian Secretariat, and the balance is settled every two months through the ACU in hard currency.With this new move, it would halt the possibility of conducting any transactions between Bangladesh and Sri Lanka through the ACU. However, when New1st inquired on the matter from former Deputy Governor of the Central Bank of Sri Lanka Dr.
Narendra Modi - Indian Defence State Minister reiterates commitment to assist SL in defense sphere - newsfirst.lk - India - Sri Lanka
newsfirst.lk
63%
713
Indian Defence State Minister reiterates commitment to assist SL in defense sphere
COLOMBO (News 1st) – The cooperation between Sri Lanka and India in the sphere of Defense was hailed by State Minister of Defence, Pramitha Banadara Tennakoon at the biennial global defence exhibition DefExpo2022.The exhibition was inaugurated by Prime Minister Narendra Modi on 19 October 2022 at Gandhinagar, Gujarat, and a three-member official delegation from Sri Lanka, led by State Minister of Defense Premitha Bandara Tennakoon and comprising Army and Navy officers, is currently on a visit to India for attending the exhibition. State Minister of Defense Tennakoon highlighted the importance of defense industrial base in augmenting Security policy and noted that DefExpo 2022 provided a great avenue for a deeper understanding of the nature of transformation in modern warfare across five dimensions.The Sri Lankan dignitary met the Minister of State for Defense and Tourism of India Shri Ajay Bhatt on 17 October 2022 along the sidelines of DefExpo2022.During the meeting, India’s readiness to continue to support Sri Lanka in the defence sphere was reiterated. The Sri Lankan delegation also had cordial interactions with Defense Minister, Defense Secretary, Chief of Defense Staff and all three Service Chiefs of India during the visit.Experience sharing and capacity building has been a key pillar of India-Sri Lanka defense cooperation, which is marked by camaraderie and mutual benefit in enhancing our shared security. Indian military establishments including NDC have been the preferred choice of the Sri Lankan Armed Forces for decades and have produced leaders of Sri Lankan Armed forces.
Mahinda Yapa Abeywardena - Bureau of Rehabilitation: Supreme Court says bill is inconsistent with Constitution - newsfirst.lk - Sri Lanka
newsfirst.lk
55%
683
Bureau of Rehabilitation: Supreme Court says bill is inconsistent with Constitution
COLOMBO (News 1st)- Sri Lanka's Supreme Court has determined that the 'Bureau of Rehabilitation' bill as a whole is inconsistent with Article 12(1) of the Constitution and as such may be enacted only by the special majority required by Article 84(2) of the Constitution.However, However, this inconsistency shall cease if:(i) All references to “ex-combatants,” “violent extreme groups” and “any other group of persons” are deleted from the Bill;(ii) The Bill is limited to the rehabilitation of drug dependent persons and such other persons as may be identified by law. Parliament Speaker Mahinda Yapa Abeywardena announced the Supreme Court's determination on Thursday (20) to parliament.The complete determination is as follows: I wish to announce to Parliament that I have received the Determination of the Supreme Court in respect of the Bill titled “BUREAU OF REHABILITATION” which was challenged in the Supreme Court in terms of Article 121(1)of the Constitution.On an overall consideration of the provisions of the Bill, the Supreme Court has made the following Determination:—A. The Bill as a whole is inconsistent with Article 12(1) of the Constitution and as such may be enacted only by the special majority required by Article 84(2) of the Constitution. However, this inconsistency shall cease if:(i) All references to “ex-combatants,” “violent extreme groups” and “any other group of persons” are deleted from the Bill;(ii) The Bill is limited to the rehabilitation of drug dependent persons and such other persons as may be identified by law.B.
Tamil Nadu worried over increased presence of Chinese Army in Sri Lanka - newsfirst.lk - China - India - Sri Lanka
newsfirst.lk
42%
828
Tamil Nadu worried over increased presence of Chinese Army in Sri Lanka
(The Hindu) – Tamil Nadu has flagged serious security concerns over the increased presence of the People’s Liberation Army (PLA) of China in Sri Lanka. An alert issued by the State’s intelligence agency a few days ago said the activities of the Chinese in the neighbouring country is a concern to national security and called for intensified vigil along the coastline.The movement of PLA cadres and deployment of hi-tech gadgets such as satellites, drones and other communication equipment in northern Sri Lanka required constant surveillance in coastal districts, the advisory sent to all cities/districts in the State said. Citing sources, the alert claimed that the PLA deployed sophisticated gadgets in the garb of launching sea cucumber farming.The security advisory comes days after an alert was issued by the same agency warning that a handful of Chinese nationals had clandestinely entered India via the sea route with the assistance of cadres belonging to a Sri Lanka-based political party.The Tamil Nadu Coastal Security Group had also, citing a Central intelligence agency, issued an alert on the Chinese ship used to monitor satellites, rockets and inter-continental missile launches of China docked at Hambantota Port, and called for adequate security arrangements in view of vital installations such as nuclear establishments and seaports along the Tamil Nadu coast.The free movement of Chinese nationals in many parts of northern Sri Lanka, including Mullaitheevu, Paruthitheevu, Analaitheevu, Meesalai, and Chavakkacheri, had triggered discontentment among Tamil fishermen.
Ranil Wickremesinghe - President optimistic that debt restructuring discussion will end successfully following talks with the Chinese Finance Minister - newsfirst.lk - China - Japan - India - Sri Lanka - Washington
newsfirst.lk
43%
366
President optimistic that debt restructuring discussion will end successfully following talks with the Chinese Finance Minister
President Ranil Wickremesinghe stated that he had recently discussed Sri Lanka’s debt restructuring with the Chinese Finance Minister and he is optimistic that the discussions in this regard would be concluded successfully.The President further mentioned that the delegation headed by the State Minister of Finance, who is currently in Washington, held initial discussions yesterday (15) with the International Monetary Fund and the three main countries, China, India and Japan that have given loans to the country. He said that the government is giving priority to immediately solve the problem of the country’s bankruptcy and to ensure food security.President Ranil Wickremesinghe made these remarks following an observation tour of the cultivated lands in Rathumada-Weerakandawala area in Siambalanduwa Divisional Secretariat this morning (16).The President also discussed the progress of the implementation of the food security program in Monaragala district with government officials.He said that there is no problem with having debates and also recalled the statements made by some people that they would come forward and shed blood and said that one should live before shedding blood.The President mentioned that if a proper program is not implemented to provide food to the people, they will not have to shed blood but will starve to death.
DMCA