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China to help SL address challenges of financial debt

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Wang Yi, director of the Office of the Central Commission for Foreign Affairs, vowed that China will help Sri Lanka effectively address the challenges of financial debt on Wednesday.

Wang, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, made the remarks during a meeting with Sri Lankan Prime Minister Dinesh Gunawardena at the sidelines of the seventh China-South Asian Expo in Kunming, southwest China’s Yunnan Province.

China is always Sri Lanka’s reliable strategic partner and appreciates that Sri Lanka has always been friendly to China and has stood by China on issues related to its core interests, he said.

China also firmly supports Sri Lanka in safeguarding its sovereign independence and national dignity, and is willing to strengthen exchanges of experience in governance as well as cooperation in various fields with Sri Lanka, he said.

Wang vowed that China will help Sri Lanka improve its capacity for independent development, get rid of the “poverty trap” and the “trap of non-development,” accelerate its industrialization process and agricultural modernization.

He expressed belief that Sri Lanka will overcome its temporary difficulties, find a development path in line with its national conditions, and realize revitalization and prosperity.

Noting that Sri Lanka is an important participant and beneficiary of the China-South Asia Expo, he welcomed the Sri Lankan side to continue to make good use of this important platform to further explore the Chinese market.

For his part, Gunawardena thanked China for its firm support for Sri Lanka in safeguarding its independence, sovereignty and territorial integrity, and for its timely and effective assistance to Sri Lanka in times of difficulty.

The forward-looking flagship cooperation projects between the two sides such as the Colombo Port City and the Hambantota Port will bring benefits to the Sri Lankan people and play a key role in regional connectivity and sustainable development, he said.

Sri Lanka will work with China to expand cooperation in economy, trade and investment, agriculture, tourism, energy and innovation to help Sri Lanka achieve food self-sufficiency and accelerate the development of key industries, he added.

(CGTN)

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Bus associations oppose proposal of 2% fare reduction

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The government’s proposal to reduce bus fares by a 2% effective from July 01 has led to the strong disapproval of bus associations, reports say.

It was also proposed not to revise the minimum fare.

The announcement was made during a meeting between officials of the Transport Ministry and representatives of private bus associations to discuss the annual bus fare revision, scheduled for July 01.

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UN Rights chief meets families of missing persons

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A group of activists and families of missing persons handed over letters and memorandums to the visiting United Nations High Commissioner for Human Rights Volker Turk in Trincomalee today (June 25).

UN Human Rights Spokesperson – Jeremy Laurence, who is accompanying the High Commissioner, said while in Trincomalee that Mr. Volker Turk expressed sorrow and solidarity with the families of the disappeared.

Meanwhile, a peaceful demonstration was also held in Trincomalee during this visit, where a group of activists and victims of disappearances was seen holding placards and banners.

The UN High Commissioner for Human Rights will visit Kandy before concluding his official visit to Sri Lanka tomorrow (June 26) after a special press briefing in Colombo.

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200 new super luxury buses to be procured for expressways

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There is an urgent need to introduce new buses to the Sri Lanka Transport Board (SLTB) bus fleet, as nearly 52% of the regular bus fleet of the Sri Lanka Transport Board and nearly 94% of the luxury bus fleet have exceeded the economic life span. 

As to the insufficient buses to meet the passenger demand on the expressway, the Sri Lanka Transport Board (SLTB) is currently operating 61 luxury buses belonging to the private sector on a profit-sharing basis. 

Therefore, the Sri Lanka Transport Board (SLTB) has decided to purchase 200 new super-luxury buses by using their own funds. 

Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Transport, Highways, Port and Civil Aviation to purchase 29 super luxury buses through the financially capable depots and to purchase the remaining buses by making a down payment using SLTB funds and the balance to be paid in monthly instalments over a period of 5 years.

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