President Gotabaya Rajapaksa has instructed to completely ban the importation of Palm Oil with immediate effect. The Controller General of Department of Imports and Exports Control has been advised to issue the relevant gazette order to give effect to this instruction, by the Secretary to the President P.B Jayasundera today itself. Additionally, the Director-General of Customs has been informed of this decision and advised to refrain from clearing palm oil cargos at the Department of Customs. At the same time, the cultivation of oil palm (katupol) will be completely banned. Meanwhile, orders have been issued under the relevant laws enforcing the advice given by the President to ban the cultivation of oil palm completely. About six months ago, the President had instructed to gradually ban the cultivation of oil palm in the country.
Asia’s newest landscape, the Colombo port city, is to be launched as a special economic zone under the aegis of the Colombo Port City Economic Commission.
The scope, incentive structure and the institutional setup of this special economic zone which was gazetted recently will be the theme of the webinar of “Asia’s Newest Landscape” which will be held on 07
th of April 2021 at 2 pm, organized by the Veemansa Initiative –policy development and advocacy group. The Colombo port city is constructed between the southern edge of the new Colombo south port and the Fort Lighthouse. The total area of the sea to be reclaimed is 660 acres.
The Government has no intention to tarnish its unblemished debt service record by delaying the settlement of maturing debt obligations, the Central Bank clarified.
The clarification came after a newspaper today publishing a report of a planned delay in settlement of dues on SLDBs and foreign currency loans obtained by the Government from domestic banks.
“The Central Bank wishes to inform investors and the general public that debt service payments, interest, and capital, are being met in a timely manner on account of SLDBs and Foreign Currency Loans from Domestic Banks, as well as all other debt obligations of the Government,” the Central Bank emphasized.
The Bar Association of Sri Lanka (BASL) expresses serious concern about the recent reports of incidents involving the use of force by certain Police Officers and the violent and brutal nature of the force used. The BASL is firmly of the view that the use of force should not be used under any circumtances except as provided for by law. In exceptional and extenuating circumstances the use of force should be minimal and should be proportionate to the circumstances. This position is firmly supported by legislation, the decisions of the Supreme Court and the Regulations of the Police. Incidents of the use of force by certain Police Officers which have been highlighted both in the media and on social media just in the current year alone appear to show a disturbing trend.
Meet The Jackie Robinson Of Wall Street
Opener: Courtesy Reginald F. Lewis family Executive photo: Courtesy Reginald F. Lewis family Young Lewis: Courtesy Reginald F. Lewis family George Bush: Courtesy Loida Nicolas Lewis Michael Milken: Courtesy Loida Nicolas Lewis Airplane: Courtesy Loida Nicolas Lewis
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In 1987, a little-known New York lawyer became a master of the universe when he led a takeover of the food conglomerate Beatrice International, creating the first Black-owned billion-dollar company. Robert Smith, Michael Milken, Henry Kravis and others recall the life and legacy of Reginald F. Lewis.
On November 30, 1987, an army of 180 lawyers, accountants, financial advisors and corporate executives annexed six floors of prestigious New York law firm Paul, Weiss, Rifkind, Wharton & Garrison, in a race to close a $985 million leveraged buyout of the food conglomerate Beatrice International. The deal (which would be worth some $2.3 billion tod