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China not against debt restructuring: President

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The Chinese Government expects Sri Lanka to commence negotiations with China’s Exim Bank on debt restructuring, President Ranil Wickremesinghe said.

The President said this while addressing the 2022 Economic Summit organised by the Ceylon Chamber of Commerce at Shangri-La Hotel in Colombo yesterday (05).

The President said that the talks with China were delayed due to the Chinese Communist Party’s Conference and added that the talks will be expedited as the Conference has ended.

He also said that China has not objected to Sri Lanka’s debt restructuring.

Meanwhile, the President said Sri Lanka should pay more attention to green hydrogen for a sustainable future.

He said the private sector should focus more on this sector, which has greater potential than the solar energy industry.

The President pointed out that land laws should also be reconsidered and changes should be made to make them more accessible to investors, adding that what Sri Lanka urgently needs is a new economy and not reforms.

The President said that Sri Lanka can easily be transformed into a major supply center and that visionary steps are being taken to achieve this goal.

President Wickremesinghe said that Colombo Port is planned to be extended up to Ja-Ela and more than 30 acres of Colombo has been allocated for the development of the port.

The President said the Eastern Container Terminal (ECT) should be given for development, and that Japan was the first to get involved in this.

He emphasized that maintaining a small port will not do much service to the economy, and that the port should be promoted aggressively and Sri Lanka should be made a major supply centre.

The President said that the Trincomalee Port is being developed and the Hambantota Port has had a great positive impact on the local maritime sector.

The President also said that the agricultural sector should be developed by using new technology.

Apart from this, he said that education can make a large contribution to Sri Lanka’s economy.

Parameswaran Iyer, Chief Executive Officer of NITI Aayog (National Institute for the Transformation of India), who delivered the keynote speech at the Economic Summit, said that India will invest in Sri Lanka and support Sri Lanka in the energy sector, telecom, solar and wind power and port sectors.

He said that India’s Adani company is investing more than 650 million USDs mainly in the port sector.

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No withdrawal of security at religious places – MoD

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The Ministry of Defence states that the reports claiming the removal of security provided by the Tri-Forces and the Civil Defence Force at religious places in the country are untrue.

This was communicated by the media spokesman of the Ministry of Defence during a special press conference held this afternoon (03).

Speaking during the press conference, the media spokesman of Sri Lanka Army Major General Rasika Kumara stated that the government has not reached any decision to reduce the number of security personnel deployed at the religious places as of yet.

Furthermore, he assured that removing of tri-forces personnel from religious places is carried out only if it is confirmed that the number of security personnel required for a concerned location is less than the deployed amount, during security analysis conducted on a regular basis by the Army Headquarters.

(AdaDerana)
(This story, originally published by AdaDerana has not been edited by SLM staff)

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If this continues, country will end up like the KDU bus – RW

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Former President Ranil Wickremesinghe reiterated that people with political experience should be appointed as parliamentary representatives in the upcoming General Election.

Joining a press conference held in Colombo, Wickremesinghe further stated that if not, the country will go into another crisis situation.

Responding to a question, the former President also spoke on not seeking to enter the parliament in the coming election.

“Now it is enough that I was in the Parliament. I believe we need to form a new group from within our alliance representing the ‘Gas Cylinder’ because these are the only experienced people in the country.”

Today, the government lacks experienced individuals, he claimed. “These people have been working consistently for the past three or four years, helped me turn this around in two years.”

He further added, “Sri Lanka could be the fastest country to emerge from bankruptcy, but the path forward is uncertain. Without capable leadership, the situation could spiral—just like the KDU bus veered off the road. That’s why I urge everyone to send knowledgeable and experienced individuals to Parliament.”

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

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Distribution of polling cards for Gen. election continues today

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The Department of Posts has designated today as a special day for distributing polling cards for the upcoming 2024 general election. 

Senior Deputy Postmaster General Rajitha Ranasinghe announced that 2,090 distribution offices will be open, with 8,000 staff assigned to the task.

Polling cards will be distributed from 8:00 AM to 6:00 PM, and the public is urged to cooperate throughout the process.

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