Connect with us

News

China not against debt restructuring: President

Published

on

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.

News

Public urged to inform of unauthorized power outages

Published

on

By

General Public and electricity consumers requested to inform the Public Utilities Commission of Sri Lanka (PUCSL) in writing of any unauthorized power outages imposed by the Ceylon Electricity Board (CEB).

Continue Reading

News

Speaker endorses certificate on 2 Bills

Published

on

By

Speaker Mahinda Yapa Abeywardena endorsed the certificate recently (24) on the Regulation of Election Expenditure Bill and the Bureau of Rehabilitation Bill which were debated and passed in Parliament recently.

Accordingly, these bills come into force as the Bureau of Rehabilitation Act No. 2 of 2023 and the Regulation of Election Expenditure Act No. 3 of 2023.

Continue Reading

News

No COVID-19 deaths yesterday

Published

on

By

No COVID-19 deaths have been confirmed yesterday (26) by the Director-General of Health Services.

Accordingly, the current COVID-19 death toll remains at 16,826.

Continue Reading

Trending

Copyright © 2022 Sri Lanka Mirror. All Rights Reserved