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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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Draft proposed for “North-East People’s Action Plan”

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Political commentator/analyst Kusal Perera has issued a people centric program for North – East for social discourse which is as follows :

North-East clearly exhibited its frustration and anger against traditional political leaderships. It is a fact, traditional political parties and leaderships don’t have a “people-centric” perspective, working on the understanding they could always manipulate the vote, in the absence of alternate leaderships.

This 2024 elections proved the people are no more ready to be manipulated to vote them as representatives of the people. At least a substantial majority in North-East did not, creating a space for an alternate action programme at grassroot level.

That action programme is proposed here as a two-part programme with initial demands in this current context and as the organisational democratic platform for a campaign.

Demands are –
01.  all 22 Tamil and Muslim MPs (including NPP) in North-East issue a joint statement, confirming they stand for “full implementation” of the 13 Amendment to the Constitution

02.  all 22 Tamil and Muslim MPs (including NPP) in North-East table a motion in parliament within month of December 2024, demanding the government announce they would implement the 13A in full and hold PC elections before end March 2025.

03.  Public demand asking the President to present the APRC Final Report in parliament immediately (as the LLRC Report was presented)

04.  De-militarise North-East administration as stressed in LLRC Final Report in establishing a civil administration

05.  Minister of Justice and National Integration to provide a comprehensive list of “enforced disappearances” during and after the war to the parliament, with details and the present situation/status within 03 months

Campaign platform to constitute –
1.     District level action committees consisting of people’s organisations, trade unions and professional associations

2.     Federation of district action committees forming the N-E campaign platform

3.     District Action Committees to form its local actions committees as electoral or professional committees

This is meant for a public discussion among North-East social activists and remains open for due amendments and alterations for improvement and implementation.

Kusal Perera – Political commentator/Analyst
2024 December 01

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Special Commodity Levy on big onions, slashed

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The Special Commodity Levy imposed on imported big onions, has been reduced by Rs. 20 to Rs. 10 per kilogram.

This will be in effect during the period from today (Dec. 01) to December 31, 2024.

However, it has been decided to keep the Special Commodity Levy imposed on imported potatoes unchanged.

Announcing the decision, a media release issued by the Ministry of Finance, Planning and Economic Development states that the move comes amid a notable rise in the market price of onions.

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British citizen arrested at BIA over alleged terrorism financing

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Sri Lanka Police have arrested a 43-year-old British citizen of Sri Lankan origin for allegedly collecting and distributing funds for a terrorist group.

The suspect, originally from Kilinochchi, had left Sri Lanka in 2009 and later obtained British citizenship.  

The arrest was made upon his arrival at Bandaranaike International Airport (BIA) in Katunayake on November 30, 2024.

Authorities from the Immigration and Emigration Department had apprehended the individual, acting on an overseas travel ban issued by the Colombo Magistrate’s Court at the request of the Colombo North Crimes Division. The suspect was subsequently handed over to the Airport Police.

According to police sources, the suspect is accused of raising funds while based in the United Kingdom and channeling the money to individuals in Colombo and the Vanni region.  

The Airport Police, in coordination with the Colombo-North Crimes Division, is currently conducting further investigations.

(adaderana.lk)

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

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