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ADB backs Sri Lanka’s growing investment potential in key sectors

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The Asian Development Bank (ADB) has pledged its support for investment opportunities in Sri Lanka, citing increased foreign investor interest fuelled by the government’s systematic financial reforms.  

During a discussion held at the Presidential Secretariat yesterday (Nov. 26), led by ADB’s Regional Head of Private Sector Development, Mr. Takeo Koike and Senior Additional Secretary to the President Mr. G.N.R.D. Aponsu, the ADB delegation highlighted foreign investors’ enthusiasm for Sri Lanka’s expanding prospects across multiple sectors.  

The meeting focused on investment prospects in critical areas such as climate change mitigation, agricultural modernization, and the energy sector. Both direct investment and Public-Private Partnership (PPP) opportunities were discussed, underscoring the potential for collaboration in these critical fields and as pathways to further economic growth.  

The ADB delegation also emphasized its commitment to working closely with Sri Lanka to attract sustainable investments that align with the country’s development goals.  

The discussion was attended by key ADB officials, including Country Director for Sri Lanka, Mr. Takafumi Kadono, Senior Specialist for Private Sector Development, Mr. Santosh Pokharel, Financial Sector Specialist, Ms. Uresha Walpitigama, and Energy Specialist, Mr. Prathaj Haputhanthri.  

Representatives from Sri Lanka’s Department of External Resources of the Ministry of Finance, Planning and Economic Development including Director General Mr. Samantha Bandara, Director Ms. Udeni Udugahapattuwa, and Deputy Director Mr. Ajith Chandra Kumara, also participated in the discussions.  

(President’s Media Division)

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03 Lankans featured in 2025 Forbes’ 30 Under 30 Asia list

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03 young Sri Lankans have been featured in the Forbes’ 30 Under 30 Asia list for 2025.

They are :
Nikin Matharaarachchi, in 2021, founded Sri Lanka-based Synapse AI Labs is the company behind Kommon Poll, an AI-powered social listening tool. Kommon Poll provides businesses marketing insights by analyzing keyword performance across multiple online platforms, including news sites, blogs and social media.

Charith N Silva, known for videos showing him preparing dishes in outdoor settings, launched the YouTube channel ‘Wild Cookbook’ in 2020 during the pandemic. With over 600 videos, ‘Wild Cookbook’ is now Sri Lanka’s largest YouTube channel with over 10 million subscribers, and Silva has over 2.3 million Instagram followers. In November 2024, he opened a restaurant in Colombo called Wildish.

Yanika Amarasekera-Siyaguna, a UC Berkeley and Imperial College London alumna, founded Silver Aisle, Sri Lanka’s first online wedding registry, in 2019. The e-commerce platform has since expanded beyond wedding gifts to include presents for all occasions as well as dining ,vacation packages and lessons in horse riding, golf and pottery, among others. In 2023, Amarasekera-Siyaguna was appointed an independent director of LB Finance, one of Sri Lanka’s largest finance firms.

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SL & India sign USD 930.8 Mn. debt restructuring deal

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Sri Lanka and India have signed a USD 930.8 million debt restructuring deal recently on Sri Lanka’s present External Debt Restructuring Process. 

The signing of Bilateral Amendatory Agreements between the Government of Sri Lanka and the Export-Import Bank (EXIM) of India took place on March 25, 2025 and April 03, 2025, respectively. 

The deal concerns 07 Line of Credit and 04 Buyer’s Credit Facility agreements with the Government of India.

Secretary of the Ministry of Finance, Planning, and Economic Development, Mr. K.M. Mahinda Siriwardana, signed the agreements on behalf of the Sri Lankan Government.

General Manager of the EXIM Bank of India, Mr.Nirmit Ved, signed the Line of Credits, and Deputy General Manager of the EXIM Bank of India, Mr. Amith Kumar, signed the Buyer’s Credit Agreements.

Issuing a statement, the Ministry of Finance, Planning and Economic Development stated that the signing of these bilateral amendatory agreements marks a significant milestone in Sri Lanka’s ongoing External Debt Restructuring Process.

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965 lives lost in road accidents during last 05 months

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A total of 965 people have died between January 01 – May 13 due to various road accidents across Sri Lanka.

During this period,1,842 accidents including 902 fatal accidents were recorded, according to police reports.

The main causes cited for these accidents include negligence, reckless driving and improper vehicle maintenance.

To address the rising number of accidents, police have planned a special island-wide program focused on reducing traffic incidents, including driver awareness initiatives.

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