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President spearheads SL’s economic revival & seeks Japanese investment

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President Ranil Wickremesinghe actively engaged in a pivotal business round table on “Sri Lanka’s Economic Revival & Opportunities for Japanese Enterprise,” where he presented the nation’s commitment to stabilizing and liberalizing the economy while actively inviting new foreign ventures. 

The event, jointly organized by JETRO, Japan-Sri Lanka Business Co-Operation, and the Embassy of Sri Lanka in Japan, aimed to strengthen economic ties between the two nations.

During the round table, President Wickremesinghe fervently outlined the ongoing efforts undertaken by Sri Lanka to restore stability and openness to its economy, presenting an inviting climate for foreign investment. With a clear vision to attract Japanese enterprise, he discussed the various measures and reforms being implemented to create a conducive business environment for potential investors.

Recognizing Japan’s significance as a vital economic partner, President Wickremesinghe emphasized the mutual benefits that can be derived from increased collaboration between the two nations. Sri Lanka’s strategic location and skilled workforce were highlighted as key advantages, providing a gateway for Japanese companies to expand their operations in the region and leverage the country’s emerging economic opportunities.

As Sri Lanka continues its journey toward economic revival, President Wickremesinghe’s active participation in the round table, underscores the government’s unwavering commitment to attracting foreign investment and driving sustainable economic progress.

Meanwhile, President Ranil Wickramasinghe also joined a meeting with the Japan-Sri Lanka Parliamentary Friendship Association.

Meanwhile, a meeting took place in Tokyo between Japan’s Minister of Digitization, Mr. Taro Kono and President Ranil Wickremesinghe. During the meeting, President Wickremesinghe provided a comprehensive overview of Sri Lanka’s program to advance towards a digital economy. Furthermore, the discussion emphasized the importance of enhancing cooperation between Japan and Sri Lanka in their respective digital transformation endeavours.

Simultaneously, President Ranil Wickremesinghe also engaged in talks with Vietnamese Deputy Prime Minister Trần Lưu Quang in Tokyo. The discussions between the two leaders primarily focused on strengthening bilateral relations and fostering cultural cooperation between Sri Lanka and Vietnam.

(President’s Media Division)

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Preliminary probe reveals S’gamuwa Uni student suicided due to ragging

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Preliminary investigations have revealed that a second-year student at the Faculty of Technology of the Sabaragamuwa University committed suicide recently due to ragging, the Criminal Investigation Department (CID) has stated.

Charith Dilshan, a student studying at the Sabaragamuwa University, died by suicide on April 29.

Subsequently, the CID launched an investigation into the incident.

As a result of the investigation, a group of senior students suspected to be involved in the incident have been arrested and are currently being held in remand custody.

Officers have also recorded statements from several factions, including the university administration of the Sabaragamuwa University.

According to the findings of the investigation thus far, it has been revealed that the student committed suicide due to ragging.

It has also been reported that the student was not suffering from depression or any mental illness, the CID said.

Additionally, investigations have revealed that some senior officials of the university administration were taking steps to prevent details of the ragging incidents within the university from becoming public.

So far this year, more than 30 complaints related to ragging have been reported to the CID, with the highest number coming from the Sabaragamuwa University, exceeding 10 complaints.

Complaints have also been received from the Eastern and Oluvil universities regarding ragging incidents.

CID officers have stated that further inquiries are being conducted and strict legal action will be taken against those involved.

If students found to be involved in ragging incidents, they may face up to 20 years of imprisonment, according to the CID.

Meanwhile, police have requested university students to report any ragging-related complaints via the 1997 hotline.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

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New chairman appointed to CSE

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Dimuthu Abeyesekera has been appointed as the new Chairman of the Colombo Stock Exchange (CSE).

The CSE announced that Mr. Abeyesekera brings over 35 years of experience in the capital markets and has served on the CSE Board for the past six years.

He currently serves as the Director/CEO of Asha Securities Ltd, which is affiliated with Phillip Capital Singapore, a specialized financial services organization managing assets worth over US$ 35 billion with a network of offices around the world.

Abeysekera also currently serves as the Director at Asha Financial Services Ltd, a specialised margin Trading Company in Colombo.

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03 Presidents & ex-ministers named in US$ 110mn. cattle scam!

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Former Presidents – Mahinda Rajapaksa, Maithripala Sirisena and Ranil Wickremesinghe as well as former Ministers Basil Rajapaksa, P. Harrison, Wijith Wijithamuni de Soysa, Lakshman Yapa Abeywardena and Lakshman Wasantha Perera have been found to be involved in a USD 110 million cattle import scam, NPP MP Nihal Galappathi told Parliament today (June 19)

Noting that old cows have been imported as milch cows, he said none of them will be shown any mercy.

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