1 Department of Sports Development Performance Reports 2012

Total Page:16

File Type:pdf, Size:1020Kb

1 Department of Sports Development Performance Reports 2012 1 Department of Sports Development Performance Reports 2012 Department of Sports Development Performance Report 2012 Department of Sports Development, No.33, Torrington Place , Colombo 07 2 Department of Sports Development Performance Reports 2012 Massage of the Sports Minister Hon. Mahindananda Aluthgamage I am extremely happy to take the field of sports to a new dimension during the last year based on short term, medium term and long term development plans to achieve the targets given to the Ministry of sports under Mahinda Chinthana Vision. It was a great achievement to provide the leadership to introduce sports culture, in the history of sports with the objective of encouraging of better physical fitness of all citizens, realizing the Mahinda Chinthana policy that Sports in the modern world is open not only for the youths but for children and adults as well. Hon. the president has allocated Rs.4500 million for construction of full pledged high standard sports complexes in divisional, district and provincial level for encouraging the extension of physical facilities required for sports development throughout the country with the objective of taking centralized sports to the village. Under the Provincial and District Sports Complex project inaugurated with the blessings of His Excellency the President, 9 schemes of integral sport complexes which can accommodate 25 sports events are being constructed. Under the first stage of this project constructions in Killinochchi, Anuradhapura, Badulla and Digana have been already commenced. Nawalapitiya Jayathilaka play ground under the District Sports Complex project has been declared open. The play grounds at Matara, Bandaragama, Ampara, Polonnaruwa and Puttalam are being constructed. 95% of financial provision allocated to the Ministry of Sports has been utilized effectively, indicating a great achievement of our efficiency. I am happy that 11 International Sports festivals have been held in Sri Lanka last year making his Excellency President's Concept of creating a Sports Economy in the country a reality Winning the award for first runners up in World Cricket Cup, 20/20 Cup, Asian Netball Cup, and winning 6 medals at Asian Junior Athletic competition and a gold medal, 3 3 Department of Sports Development Performance Reports 2012 silver medals and 2 brownes medals at the World Tournament Carrom has been a fresh awakening in Sri Lankan sports field. I believe that holding such International Sports Competitions in Sri Lanka has special contributions to strengthening local economy. "Kreeda Shakthi" program launched to identify those who are really skillful genius in sports, classification of sports which have potential to win International Medals, obtaining official sponsors to National Sports Societies, classification of Sports trainers, starting training pools for 2013 SAARC Sports Competition, conducting awareness programs from School Level to National Sports Society Level on the prevention of illegal stimulants, establishing district sports medical units to facilitate rural sports personnel introducing new regulations for proper administration of sports societies, implementing National Sports Policy, implementation of North East Development projects, appointing Sports Officials for North East Provinces, refurbishment of the artificial track and swimming pool of Sugathadasa national Sports Complex Authority conducting Inter-Provincial coordinating programs taking correct decisions conducive to progress of Sports are the qualitative results of our commitments. I am grateful to the Secretary of the Ministry of Sports, Director General of the Department of Sports Development, Heads of the Institutes and representatives of Sports Federations and all those who are helping to promote Sports for the co-operation extended to make successful, the programs carried out in a short period of two years to brightening future Sports, under the Leadership of his Excellency the President. Mahindananda Aluthgamage Minister of Sports. 4 Department of Sports Development Performance Reports 2012 Message of the Secretary of the Ministry of Sports 2012 can be identified as the turning point of the Ministry of Sports. In order to realize that there is something more significant in Sports than chasing after medals; sports has been popularized creating the necessary environment to promote physical and mental wellbeing of the people of our country. For the purpose of providing healthy public servants for an efficient public service “Fit for work” program commenced from the Ministry of Sports. This program has been successfully implemented in several ministries and provincial councils Action has been taken to implement the Sri Lanka National Policy of Sports published in Gazette No:1758/23 of 16th May 2012 with the approval of the Cabinet. This is a positive step in instilling new meaning for sports in the society and creating a better link between the community and the sports; as per the MahindaChinthana policy statement. The line agencies connected with the administration of the subject of sports are presently located at various places. In order to provide a better service to the sports men and women and different parties connected with sports it was felt necessary to bring all agencies connected with the Ministry of Sports under one roof. Accordingly 5 storied building planed in line with modern town planning is nearing completion. It is expected to establish the Ministry office in the new building in 2013. Basic steps have been taken to create a new sports culture, realizing the fact that winning medals is not the sole objective of sports. Foundation has been laid to build sports economy making Sri Lanka an ideal ground for sports. Accordingly necessary action has been taken to construct national sports complexes covering all 9 provinces in Sri Lanka. District sports complexes will be constructed in the districts not covered by provincial sports complexes. The construction in four National Sports Complexes and five District Sports Complexes has 5 Department of Sports Development Performance Reports 2012 commenced in 2012. Thereby direct and indirect benefits accrued to Sri Lankan by conducting International Sports competitions in Sri Lanka. Sports education programs have been conducted by the National Institute of Sports Science to give higher education and knowledge to sports men and women. Negotiations are being conducted with the University Grant Commission to link National Institute of sports science with a NationalUniversity. Services of foreign trainers have been obtained to elevate the technical knowledge of sports men, women, trainers and managers. It is expected to enhance the infrastructure facilities further in 2013 and make sports an important part of the lives of all Sri Lankan from small child to senior citizens. I extend my sincere thanks to Hon. Minister for advising us to travel the journey correctly. I thank the staff of the Sports Ministry, staff of the Department of Sports Development, staff of the National Institute of Sports Medicine, staff of the Sugathadasa National Sports Authority and the National Institute of Sports Science for helping to march forward overcoming obstacles. The commitment of the Sports Societies to take the name of the Sri Lanka to International arena is greatly appreciated. I also thank them for the co-operation extended. AnuraJayawickrama Secretary Ministry of Sports. 6 Department of Sports Development Performance Reports 2012 Message of the Director General, Department of Sports Development Department of Sports Development coming under Ministry of Sports being the forerunner in sports development in Sri Lanka is performing a unique service to the nation. I’ m proud to state that the progress in physical as well as human resource development in the recent past is unparallel to any other period. I should appreciate the valuable instructions and encouragement of the Hon. Minister of Sports in the process of constructing fully-fledged sports complexes, indoor stadiums at provincial level and district sports complexes as well. We have also contributed in the process of upliftment of inborn talents of war-stricken children in northern and eastern parts of the country. These children were supplied with many facilities like playgrounds, training programmes and other items to do sports also providing psychological support to them. The complete renovation of the athletic track and the swimming pool of the Sugathadasa Stadium to the international standards has immensely contributed to the sports development in Sri Lanka. Sri Lankan athletes have bagged gold, silver and bronze medals in the Asian Junior Athletic Tournament held at the Sugathadasa Stadium marking a turning point creating hopes in our future sports. Eventhough, some of our athletes could not win medals in international sports competitions, they could maintain their personal best in relevant events. This is also a good sign for future of our sports. Our effort to classify sports personnel registered under fifty two sports associations in our department based on their talents in order to improve their capabilities has also flourished with success. Our sports personnel in karate-do, handball, beach volleyball, carom, horse racing, billiards & snooker, judo, tae- kwon- do, boxing, shooting and many other sports have marked the Sri Lankan name in international sports arena. 7 Department of Sports Development Performance Reports 2012 Sri Lankan netball team became the runners up in the recently concluded Asian
Recommended publications
  • The Impact of Sports Tourism on Small Scale Business Development in Sri Lanka: International Cricket Match
    International Journal of Research in Humanities and Social Studies Volume 3, Issue 10, October 2016, PP 33-38 ISSN 2394-6288 (Print) & ISSN 2394-6296 (Online) The Impact of Sports Tourism on Small Scale Business Development in Sri Lanka: International Cricket Match Vimukthi Charika Wickramaratne Senior Lecturer, Department of Sports Sciences and Physical Education, University of Kelaniya J.A.Prasansha Kumari Senior Lecturer, Department of Economics, University of Kelaniya ABSTRACT Sports tourism refers to travel which involves either observing or participating in a sporting event apart from their usual environment. Sports tourism in a fast growing sector of the Sri Lankan travelling industry since Cricket are more popular sports game in the country. This study intends to analyze the impact of these popular sports events for creating and developing small scale business in the country. Primary data gathered from 150 small entrepreneurs around Keththarama Cricket Ground in Sri Lanka. Collected data analyzed using descriptive research methods. The study revealed that local and international visitors for cricket games had impacted on small scale business activities such as retail, handicraft, transports, vehicle parking, small restaurant, hotels, foods and beverage industry. In addition, it was identified that these type of small business are sessional income generating activities for the short period. Keywords: Sports Tourism, Small Scale Business, Cricket, entrepreneurs INTRODUCTION Tourism is an important sector for economic development in a country. People usually travel for many reasons. Sport is one of the important reason for promoting tourist industry. With the development of the society and improvement of people living standard, sports tourism gradually becomes one of the faster growing industry.
    [Show full text]
  • Project for Formulation of Greater Kandy Urban Plan (Gkup)
    Ministry of Megapolis and Western Development Urban Development Authority Government of the Democratic Socialist Republic of Sri Lanka PROJECT FOR FORMULATION OF GREATER KANDY URBAN PLAN (GKUP) Final Report Volume 2: Main Text September 2018 Japan International Cooperation Agency (JICA) Oriental Consultants Global Co., Ltd. NIKKEN SEKKEI Research Institute EI ALMEC Corporation JR 18-095 Ministry of Megapolis and Western Development Urban Development Authority Government of the Democratic Socialist Republic of Sri Lanka PROJECT FOR FORMULATION OF GREATER KANDY URBAN PLAN (GKUP) Final Report Volume 2: Main Text September 2018 Japan International Cooperation Agency (JICA) Oriental Consultants Global Co., Ltd. NIKKEN SEKKEI Research Institute ALMEC Corporation Currency Exchange Rate September 2018 LKR 1 : 0.69 Yen USD 1 : 111.40 Yen USD 1 : 160.83 LKR Map of Greater Kandy Area Map of Centre Area of Kandy City THE PROJECT FOR FORMULATION OF GREATER KANDY URBAN PLAN (GKUP) Final Report Volume 2: Main Text Table of Contents EXECUTIVE SUMMARY PART 1: INTRODUCTION CHAPTER 1 INTRODUCTION ........................................................................... 1-1 1.1 Background .............................................................................................. 1-1 1.2 Objective and Outputs of the Project ....................................................... 1-2 1.3 Project Area ............................................................................................. 1-3 1.4 Implementation Organization Structure ...................................................
    [Show full text]
  • Prevention of Sports Injuries in Sri Lanka: What Do We Know About Injuries in Our Athletes?
    Gamage J.P. et al. SLJSEM, 2019/2020, 2:1 DOI: http://doi.org/10.4038/sljsem.v2i1.12 REVIEW ARTICLE Prevention of sports injuries in Sri Lanka: what do we know about injuries in our athletes? Prasanna J. Gamage1, Alex Kountouris2, Caroline F. Finch1, Lauren V. Fortington1 Abstract In terms of safeguarding the health and well-being of athletes in Sri Lanka, a primary focus has always been toward the treatment of injuries after they have occurred and promoting rehabilitation back into sport. There has been little attention towards the primary prevention of injuries in Sri Lankan sports. As a developing sporting nation, the benefits of injury prevention are immense: from a public health and financial perspective, through to individual benefits for athletes’ physical, psychological and social health. Understanding the reasons behind the lack of motive towards sports injury prevention in the country, and challenges in developing and implementing injury prevention measures in the field is useful so that these reasons can be addressed and overcome. Based on recent experience in conducting injury prevention research among Sri Lankan junior cricketers, this article discusses injury prevention principles in sport and provides directions for future sport injury prevention research in Sri Lanka. Keywords: Injury prevention, Cricket, Athletic injuries Introduction In addition to the health benefits, participation in The prevalence of overweight and obese sports and physical activity comes with abundant individuals has increased over the last three social and psychological benefits [3]. This is true decades, and is projected to rise to an estimated particularly for adolescent and youth, as social 58% of the world's adult population by 2030 [1].
    [Show full text]
  • Vidyartha 'Tigers' on the Prowl This Season
    Thursday 26th April, 2012 15 BY RAVI NAGAHAWATTE idyartha College Kandy is experi- Schools rugby logbook encing a boom in rugby and what’s Vgreat is that there is a lot of help for the boys wearing the double blue and yellow jerseys to cement their place in Group A of the Division 1 Tournament. The Kandy school has a couple of big boys who look ferocious and coach Anil Jayasinghe says that given how they Vidyartha ‘Tigers’ on played against Isipatana in the maiden fixture in 15-a-side rugby this season, last week, the team should provide some shocks this season. That match ended in a thrilling 19-all draw and Jayasinghe is happy about the the prowl this season performance, because everybody rated the Green Shirts as the favourite team to walk away with the match. But if you perform an analysis on Vidyartha’s start to the 2012 rugby season, that perform- ance against Isipatana is no flash in the pan. “Vidyartha met Isipatana twice this season in sevens rugby and we beat them on both occasions. Those past experi- ences against Isipatana this season would have tremendously helped the boys to build their confidence. The other reason behind that great performance is that the school has 11 seniors, who helped them win the Division 1 Group B last season and earn promotion to the top group in the league,” explained Jayasinghe. Vidyartha doesn’t enjoy the best of facilities when compared to other popu- lar rugby playing schools. However, what’s inspiring is that a group compris- ing old boys, parents and well-wishers has made a commitment to help the school’s rugby set-up and work towards this cause through an organization called the Vidyartha Rugby Development Group.
    [Show full text]
  • Dr. K.M. Rohitha Dasanayaka
    CURRICULUM VITAE Dr. KMR Dasanayaka Senior Lecturer (Gr. II) Department of History Faculty of Arts University of Peradeniya Sri Lanka CURRICULUM VITAE FULL NAME : KULATUNGA MUDIYANSELAGE ROHITHA DASANAYAKA OFFICIAL ADDRESS : Department of History, University of Peradeniya, Peradeniya, Sri Lanka. TELEPHONE (MOBILE) : 00 94 713212616 TELEPHONE (RESIDENCE) : 00 94 812386958/812494423 EMAIL : [email protected]/ [email protected] HOME AND MAILING ADDRESS : 157/1, Gannoruwa, Peradeniya, Sri Lanka. PERSONAL INFORMATION DATE OF BIRTH : 02.03.1973 PLACE OF BIRTH : Kandy CITIZENSHIP : Sri Lankan CIVIL STATES : Married, Two children EDUCATIONAL BACKGROUND AND ACADEMIC QUALIFICATION 2000 : Doctor of Philosophy Degree in History from the Madras University, India. Topic of Research: Trade Relations between Sri Lanka and West Asia from 7th Century A.D. to 15th Century A.D.: A Historical Survey Research Supervisor: Dr. G. Venkataraman, Professor & Head, Department of History, University of Madras, Chennai, India 2004 : Master of Social Science (Special in History). University of Kelaniya, Sri Lanka. Topic of Research: Trade Relations between Sri Lanka and West Asia from 6th Century A.D., to 13th Century A.D. Research Supervisor: Professor Mangala Ilangasighe, Professor Emeritus, Department of History, University of Kelaniya, Sri Lanka. ACADEMIC DESIGNATIONS: OCCUPATION 2009 up to date : Senior Lecturer Grade II, Department of History, University of Peradeniya, Sri Lanka. 2001-2009 : Lecturer, Department of History, University of Peradeniya, Sri Lanka. 1999-2001 : Temporary Assistant Lecturer, Department of History, University of Peradeniya, Sri Lanka. TEACHER TRAINING 2004 : Completed the training Programme on Teaching Methodology, The Staff Development Centre, University of Peradeniya, Sri Lanka VISITING ACADEMIC POSITIONS 2015 up to date : Degree programme in Regional Science and Planning.
    [Show full text]
  • Strength and Conditioning in Sri Lankan Sports;
    GSJ: Volume 9, Issue 3, March 2021 ISSN 2320-9186 858 GSJ: Volume 9, Issue 3, March 2021, Online: ISSN 2320-9186 www.globalscientificjournal.com Strength and Conditioning in Sri Lankan Sports; Fulfilling a high performance Need Duminda Silva-Doctoral Student of University Of Kelaniya ABSTRACT The purpose of this study is to determine the influence of strength and conditioning interventions on sports for high performance in Sri Lanka. Training for strength and conditioning is a standard occurrence in any sport that seeks to improve performance or prevent injuries. Studies on the impact of strength and conditioning on athletic results, however, are scarce; the effect of age, gender or level of competition is even scarcer. Existing studies conducted by Sri Lankan researchers do not include research on strength and conditioning which has resulted in a knowledge gap and a lack of qualified coaches, lack in knowledge of players and lack in knowledge of the sports management. Further it gives importance and prominence to sports specific skills and less importance to physical fitness area when it comes to team selection. Hence players and coaches give less emphasis to strength and conditioning in all levels of sport in Sri Lanka. Due to these reasons, strength and conditioning is in a very primitive stage in Sri Lankan sports. If Sri Lanka is to win another medal in the Olympic level or at world level, prominence should be given to strength and conditioning to achieve high performance. KEYWORDS: High Performance, Strengthen and Conditioning, Sports, Prevent Injury 1 | Page GSJ© 2021 www.globalscientificjournal.com GSJ: Volume 9, Issue 3, March 2021 ISSN 2320-9186 859 INTRODUCTION Strength and conditioning training and sports pacific training should go hand in hand in order to achieve high performance in any sport.
    [Show full text]
  • Department of Sports Development 2011 Performance Report
    2011 Performance Report 0 2011 Performance Report Department of Sports Development 2011 Performance Report Department of Sports Development No 33 Torrinton Place Colombo 07 1 2011 Performance Report Contents Vision, Mission, Objectives 02 - 03 Activities 04 - 06 Development of Human Resources Development of infrastructure facilities. Conducting of the National Sports Festival. Systematize the administration and development of National Sports Associations. Implementation of ‘Kreeda Shakthi’ Programme. Sports welfare (Incentives for Nutrition) Collection of sports data and research activities Coordination of the sports media Progress 2011 (Physical and Financial) 07- 23 2 2011 Performance Report Department of Sports Development Introduction The Department of Sports Development which was established as a diminutive institution in 1960s today performs a major function for the development of sports in Sri Lanka. In 1966 a sports section was established under the Ministry of Nationalized Services, and considering the importance of responsibility of sports for development of human resources, The Department of Sports Development was established in 1968. In 1970, it was brought under the Ministry of Parliamentary Affairs and Sports. Then it was come under the Ministry of Youth Affairs and Sports in 1989 and in 1996 was graded as a “Grade A” Department. In 2000 it was brought under the Ministry of Tourism and Sports, and in 2003 it came under the Ministry of Youth Affairs and Sports. In 2004 it was come under the Ministry of Ministry of Sports and Youth Affairs and in 2007 it came under the Ministry of Sports and Public Recreation. From April 2010 up to now it was brought under the Ministry of Sports and it plays a great role in the progress of sports field in Sri Lanka.
    [Show full text]
  • Gautama Buddha Was Born in Helabima 2
    1 2 Gautama Buddha was born in Helabima (Volume II) The English translation of අපඋපන් මේ මෙළ�ම �뷔න් උපන් ජන්�뷊Ǔපය (මෙලන ම ොටස) (This Helabima, where we were born, is Janbudveepa, the birth place of the Lord Buddha) Introduction 3 This is the second volume of the book අප උපන් මේ මෙළ�ම�뷔න් උපන් ජන්�뷊Ǔපය what I published 16 months ago. It is a must to be fulfilled by all of us, as the people who are born in this Helabima and live in this Helabima, to read, analyze and understand the absolute truth highlighted in this book. Every human being is having the mental freedom of speaking the truth, writing about the truth and recording them for the future use. After reading most of the things mentioned in this book, you will experience a total new, different understanding in Dhamma which is not going hand in hand with the opinions what you knew all this times and what you had learnt following the conventional thinking, systems and methodologies. Buddha Dhamma stands for “Penetrating in to Paramartha Dhamma through the traditions”. What you read in books and learnt from someone is the tradition, the conventional thinking. They are nothing but guessings that you have experienced based on what you heard, saw and learnt. You should penetrate in to what you learnt on traditions and based on them you should see the absolute truth. Seeing the absolute truth is limited purely to you yourself. Seeing the absolute truth for you, cannot be done by someone else.
    [Show full text]
  • Thursday 7Th August, 2008 13 by Michael Roberts an Editorially
    Thursday 7th August, 2008 13 Cricket as prince of sports in Sri Lanka on the one hand and, on the by Michael Roberts other, the hostility to An editorially-modified Westernised life ways and the version of this article assumptions of superiority was published in associated with these expres- HIMAL circa 2007. sions, including English- speak itself. Among some Sinhalese this indigenist odernity took firm resistance was quite virulent root in Sri Lanka and one can speak of a cur- Munder the imperial rent of Sinhalese nationalism aegis of Britain. British rule from the 1860s onwards. involved a considerable trans- Thus, at the point of formation in the political independence in 1948 one economy of the island, a revo- found Ceylonese and lution in the communication Sinhalese nationalisms, as system, the administrative well as Tamil and Moor unification of the country (Muslim) communitarianism and the emergence of new jostling each other in compe- class forces of a capitalist tition and complex overlap. variety. English became the On the cricket field, however, administrative language and the elite ranks of all the eth- one saw the development of nic groups (with the partial an indigenous socio-political exception of the “Indian elite group, referred to locally Tamils”) were united in sup- as “middle class,” whose porting Ceylon against all mode of domination included comers. Colombo-bred Tamils a facility in English-speak of the middle class were and a particular life style. among the leading players In the process the ethnic and administrators. When diversity of the island was Ceylon played India or took compounded.
    [Show full text]
  • Stiff Competition at Table Tennis Nationals As Players Turn
    Saturday 8th January, 2011 15 Vidyartha win Stiff competition at table tennis by 7 wickets BY RUKSHAN RAZAK Vidayartha College, Kandy, a formidable nationals as players turn pro unit, with a fine all-round feat claimed a seven-wicket win over Thakshila Central BY RAVI NAGAHAWATTE can concentrate on sport,” he said, seed/SLAF), Nirmala Jayasinghe (MAS College, Horana in their inter-school cricket referring to the end of the north and Intimates Pvt. Ltd.), Dinesh Deshapriya tournament match that concluded at Horana The table tennis nationals for 2010, east civil war which ended in 2009. (SL Navy), Buddhika Walagampola and yesterday. which will commence today, will be Sirisena said that he was in the same teenager Udaya Ranasinghe. Set a victory target of 81 runs in 18 overs, fiercely contested with most of the top group with players in the likes of reign- All eyes in the women’s open singles Vidyartha cruised to win in just 11.3 overs for players now turning professionals. ing champion Chalitha Ranjana, Indika will be on Dharmasoka, Ambalangoda the loss of three wickets with Niluksha The Sri Lanka Table Tennis Prasad and junior sensation Hasintha schoolgirl Nuwani Nawodya who is Galapitage top-scoring with 38 runs while hit- Association (TTASL) has played it safe Shashiranga. rated as the top-seed. The 16-year-old ting four boundaries. and says there are no favourites. This “Table tennis is an indoor game and Nawodya told ‘The Island’ that she Earlier, Vidyartha replied with 183 runs in opinion is also shared by the majority isn’t one of the most popular sports in hoped to do her best at the nationals response to a paltry 113 all out by Thakshila of the top seed and bottom seed players the country.
    [Show full text]
  • National Sports Fund
    වා৒ක පාලන වාතාව - 2016 jd¾Isl md,k jd¾;dj - 2016 National Sports Fund Mission Statement The Mission of the National Sports Fund is to give encouragement to Sports in Sri Lanka and to provide aid and support for the development and promotion of sports. Vision Development of the Capabilities of Sportsmen and Sports women Legal Background The National Sports Fund has been established by the National State Assembly Sports Law Act No. 25 of 1973. In accordance with the Act, money allocated by the Government for the activities of the Fund, aid received from foreign countries, money received from any institution as sponsorship assistance for any sport or sports festival, money donated by any individual and money received from any other source shall be credited to the Fund. The Fund shall pay any amount of money determined by the Minister for the encouragement, development and promotion of any sport in Sri Lanka, as a gratuity for sportsmen and sportswomen, for investments and for the implementation or strengthening of the provisions of this Act. ජා뗒ක ක්‍රීඩා ා මුද ල 1 cd;sl l%Svd wruqo, 1 වා৒කjd¾Isl පාලනmd,k jd¾;djවාතාව - -2016 2016 Annual Administrative Report 2016 Introduction The National Sports Fund established under the provisions of Sections 22 to 27 of the Sports Law Act No. 25 of 1973 was made operative under the supervision of the Ministry of Sports from 2007 onwards. Action had been taken annually to disburse resources of the Fund with a view to promoting the nutrition standards of the sportsmen and sportswomen and to developing their sports abilities.
    [Show full text]
  • To Complement Existing Preventive Strategies in Sri Lanka
    SRI LANKA’S NATIONAL NEWSPAPER I SINCE 1918 SATURDAY APRIL 4, 2020 I VOLUME - 102 - NO 82 I RS. 30.00 I REGISTERED AS A NEWSPAPER IN SRI LANKA I SPECIAL EDITION Central Bank Banks urged TO COMPLEMENT EXISTING PREVENTIVE STRATEGIES IN SRI LANKA further reduces to implement policy interest rates The The Monetary Board of the Central Bank of Sri Lanka yesterday CB guidelines decided to reduce the Standing Deposit Facility Rate (SDFR) and SANDASEN MARASINGHE the Standing Lending Facility Rate Central Bank Governor, WORLD BANK FAST TRACKS (SLFR) of the Central Bank by Professor W D Lakshman 25 basis points to 6.00 per cent yesterday instructed the banks and 7.00 per cent,from the close of and financial institutions to business on April 3. implement all the instructions This decision will complement given by the Central Bank in the measures taken thus far to ease the bid to revive the economy market conditions, and enable the in a post-COVID19 scenario. domestic financial market to pro- He also warned the banks vide further relief to businesses and financial institutions not and individuals affected by the to delay implementing the outbreak of the COVID-19 pandemic instructions and guidelines, US$ 128.6 MILLION and restrictions placed to contain its which would compel the spread within the country. Central Bank to take action The bank said, there will be no against them in accordance monetary policy announcement with the available rules and on April 9 as scheduled. However, regulations. the Monetary Board may review the In a statement, he said that monetary policy stance of the Central the Central Bank is optimistic Bank and make necessary changes as that country would overcome and when required in consideration the catastrophic virus epidem- TO COMBAT COVID-19 of economic and market develop- ic and the country’s endeav- The International Development lishment of Bio-Safety Level (BSL) ments.
    [Show full text]