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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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Bill suspending Parate Law, passed

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The Recovery of Loans by Banks (Special Provisions) (Amendment) Bill, which was amended to facilitate legal provisions for the suspension of Parate Law until December 15, 2024, was passed in Parliament without amendments today (May 07).

This amendment introduces legal provisions for the suspension of the Parate Law until December 15, 2024.

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Mervyn granted bail

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Colombo Additional Magistrate Tharanga Mahawatta today (May 07) ordered the release of former Minister Mervyn Silva on bail over the SLRC assault incident in 2007.

He was ordered to be released on a surety of Rs. 500,000.

Silva was accused of threatening and assaulting a former journalist of the Sri Lanka Rupavahini Corporation.

The Magistrate also ordered to immediately arrest former municipal councillor – Lal Peiris, who was named as the third suspect in the case, and produce him before the court.

The Magistrate also banned him from travelling overseas.

(Source : Lankadeepa)

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Appeals Court rejects Wijeyadasa’s petition against interim order

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The Court of Appeal today dismissed the petition filed by Minister Wijeyadasa Rajapakshe seeking to suspend the interim injunction issued by the Colombo District Court preventing him from functioning as the Acting Chairman of the Sri Lanka Freedom Party (SLFP).

Minister of Justice Wijeyadasa Rajapakshe was appointed as the Acting Chairman of SLFP during an executive committee meeting held on April 21, by the party’s faction led by former President Maithripala Sirisena.

On April 24, the Colombo District Court issued an injunction order preventing Minister Wijeyadasa from functioning as the Acting Chairman of the SLFP.

The court has also issued an injunction order preventing MP Sarathie Dushmantha Mithrapala from functioning as the General Secretary of SLFP.

Meanwhile, the court had issued another injunction preventing the implementation of the decisions taken by the SLFP Acting General Secretary.

The Colombo District Judge issued these injunctions after considering a plaint submitted by Ministers Mahinda Amaraweera, Lasantha Alagiyawanna and Member of Parliament Duminda Dissanayake.

It was mentioned in the order that these injunctions will remain in effect until May 08, 2024.

However, Minister Rajapakshe had later filed a petition with the Court of Appeal seeking to invalidate the recent order issued by the Colombo District Court preventing him from functioning as the Acting Chairman of SLFP.

(adaderana.lk)

 (This story, originally published by adaderana.lk has not been edited by SLM staff)

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