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President addresses G77 & China Summit in Cuba

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President Ranil Wickremesinghe delivered a compelling address at the Summit of the Heads of State and Government of the G77 & China in Havana, Cuba yesterday (15). In his speech, President Wickremesinghe emphasized the crucial role of science, technology and innovation in overcoming the current development challenges faced by developing nations worldwide.

President Wickremesinghe began by commending Cuban President Miguel Diaz-Canel Bermudez for convening the summit and acknowledging Cuba’s historic role as a champion for the concerns and aspirations of developing nations within various multilateral forums.

He noted the unprecedented challenges confronting the global South, including the pandemic, climate change, food, fertilizer and energy crises, which threaten the achievement of Sustainable Development Goals (SDGs) and exacerbate the global debt crisis.

President Wickremesinghe then delved into the historical perspective of technological development, highlighting how Europe’s advancements in the 15th century, such as gunpowder, cannons and ocean-going ships, enabled it to conquer other parts of the world, resulting in the technological divide seen today. He underscored that a new technological divide is emerging in the 21st century, necessitating the adoption of digitalization and new technologies, such as Big Data, IoT, AI, Blockchain, Biotechnology and Genome Sequencing, to bridge the gap.

He emphasised the importance of an educated manpower well equipped with knowledge and technological know-how essential for the smooth flow of the needed transformations which will lubricate the development and catching up process in developing nations. 

The President outlined his government’s initiatives, including the evaluation of underperforming Science and Technology Research Institutes and the establishment of a Technology and Innovation Council and a Digital Transformation Agency. Additionally, Sri Lanka plans to create four new universities specializing in new technologies, with one being the result of technological cooperation between India and Sri Lanka. The International Climate University will be the 05th. 

Addressing the digital divide, President Wickremesinghe cited challenges such as limited access to costly technology, insufficient digital skills and infrastructure, cultural and institutional barriers and financing constraints. 

He called for effective cooperation mechanisms within the G77 and China, including the revitalization of the Consortium of Science & Technology & Innovation for the South (COSTIS) and the commitment of member countries to earmark 1% of their GDP for R&D over a decade.

President Wickremesinghe stressed the importance of collaboration between governments and the private sector and proposed creating technological platforms in fields like digitalization, health, medication, AI and renewable energy including green hydrogen, inspired by the European Union’s Technology & Innovation Platforms. 

The brain drain from the South to the North and the resulting loss of educated manpower is another threat to the development of Science Technology and Innovation  of the South, President Wickremesinghe said, adding that China, India, Japan and South Korea have developed Science Technology and Innovation by nurturing their manpower. “Therefore we must ask for compensation from the North for the loss of our manpower,” he added.

He also urged increased South-South cooperation and proposed a scheme akin to the Colombo Plan to enhance collaboration, exchange best practices and develop policies that harness the transformational potential of science, technology and innovation.

In conclusion, President Wickremesinghe reaffirmed Sri Lanka’s commitment to supporting the new Havana Declaration and called for the collective voice of G77 and China to be heard in international fora.

The President’s address underscored the significance of science, technology and innovation in shaping the future of developing nations, making it a pivotal moment at the G77 and China Summit.

(President’s Media Division)

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LP Gas prices to remain unchanged for July

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Litro Gas Lanka Limited and Laugfs Gas PLC  have said that LP gas prices will remain unchanged for the month of July.

Accordingly, the prices of Litro Gas cylinders are as follows;

  • 12.5kg – Rs. 3,690
  • 5kg – Rs. 1,482
  • 2.3kg – Rs. 694

The current district-wise prices are as follows; https://www.litrogas.com/price-list/ 

Meanwhile, prices of Laugfs Gas cylinders are as follows;

  • 12.5 kg – Rs. 4,100
  • 5kg – Rs. 1,645
  • 2kg – Rs. 658

The current district-wise prices are as follows; https://www.laugfsgas.lk/pricelist.php 

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Bollywood icon SRK to visit SL?

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Bollywood superstar Shah Rukh Khan is likely to attend the grand opening of City of Dreams Sri Lanka on August 02, 2025.

A post on the official Facebook page of City of Dreams Sri Lanka has hinted at his presence, with a silhouette featuring his signature pose, although no official confirmation has been issued yet.

Sources close to the organisers say the actor is expected to be the star attraction at the launch of South Asia’s first fully integrated luxury resort, developed by John Keells Holdings PLC (JKH) in partnership with Melco Resorts & Entertainment (MRE).

The USD 1.2 billion City of Dreams development includes a world-class casino, the ultra-luxurious Nüwa hotel, and a high-end shopping mall, making it the largest private sector investment to date in Sri Lanka’s luxury lifestyle sector.

The launch is expected to be a landmark moment in positioning Colombo as a global tourist and entertainment hub.

The event is likely to attract international celebrities, investors, and global media, marking a significant milestone in Sri Lanka’s post-crisis revival of its tourism and leisure industry.

A special someone is on the way. This one’s going to be iconic. 👑 #GuessWho #COD #CinnamonLife

Posted by City of Dreams Sri Lanka on Thursday, June 26, 2025

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Decision on bus fare revision, in 02 days – NTC

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The National Transport Commission (NTC) says a decision on revising bus fares following the recent fuel price adjustment will be made within the next 02 days.

NTC Director General – Naomi Jayawardena stated that the Commission will convene to finalize the decision.

She added that although the annual bus fare revision was scheduled to take effect today (July 01), it will not be enforced due to the fuel price change since midnight yesterday (June 30).

Despite the increase in fuel prices, key transport unions in Sri Lanka have decided not to raise fares for school children and three-wheeler passengers.

All Island School Children Transport Association Chairman – Malshri de Silva has announced that it will maintain current fare levels.

Meanwhile, Nishantha Kumara, Secretary of the Professional Three-Wheeler Owners’ Association, has also stated that their members will not increase fares in response to the fuel price hike.

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