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Chinese Fin Min assures to support SL’s credit optimization

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Chinese Finance Minister Liu Kun has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term programme that is mutually beneficial to both parties and aimed at optimizing Sri Lanka’s debt.

The Chinese Finance Minister conveyed this commitment during bilateral discussions held last morning (19) in Beijing with President Ranil Wickremesinghe, the President’s Media Division said.

Minister Liu Kun emphasized that China has a profound understanding of the economic challenges confronting Sri Lanka and commended the progress and measures Sri Lanka has taken thus far to address the on-going economic crisis.

Furthermore, he expressed China’s unwavering commitment to providing robust support for the enhancement of the necessary infrastructure crucial for Sri Lanka’s development.

The Chinese Finance Minister also highlighted the in-depth discussions that transpired regarding financial interactions between Sri Lanka and China, underscoring the collaboration with international organizations closely associated with China, aimed at furnishing additional support to Sri Lanka.

President Wickremesinghe expressed his profound appreciation for China’s consistent support as Sri Lanka endeavours to overcome economic challenges. Discussions also delved into the program designed to spur economic recovery and foster the creation of a competitive, digitally advanced and environmentally friendly economy in Sri Lanka.

Prez holds talks with major Chinese corporations

President Ranil Wickremesinghe also conducted significant deliberations yesterday (19) with representatives from several major Chinese corporations, including China Communications Construction Corporation, Sinopec Company and BYD Company.

These discussions placed considerable emphasis on the exploration of prospective investment opportunities and avenues within Sri Lanka. Key focal points included the development of the port city as an international financial centre, the formulation of new financial regulations specific to the Port City and the establishment of judicial and arbitration mechanisms exclusively applicable to the Port City.

Furthermore, the dialogue encompassed various sectors, including the electrification of Sri Lanka’s transportation systems, electric vehicle assembly and electric train services, the PMD said.

The corporate representatives of these companies expressed their unwavering commitment to extending optimal support for the advancement of Sri Lanka’s economy and to seize the investment prospects the country offers.

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Finalize on plantation workers’ wage before Dec. 31 – President

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President Ranil Wickremesinghe advised the leaders of plantation companies to engage in a collective agreement concerning the wage hike for plantation workers, aiming for a minimum of Rs. 1700, as per their request. 

Alternatively, they were urged to reach a consensus on the increased wage amount before December 31st.

This guidance was imparted during a discussion held at the Presidential Secretariat this morning (08), where the President met with the heads of plantation companies. The purpose of the meeting was to explore how regional plantation companies could align their programs with the agricultural modernization initiative outlined in this year’s budget.

The conversation also delved into the program designed to grant land rights to plantation workers. President Ranil Wickremesinghe expressed his intention to establish committees for future work, proposing one committee to address the housing needs of plantation workers and another to represent the interests of both workers and plantation companies.

Emphasizing his confidence in an export-oriented economy for the country’s economic development, President Wickremesinghe stressed the collective contribution needed to ensure the success of the agricultural modernization program. He highlighted the growing demand for food due to the increasing population of Asian countries and urged the country’s export economy to prepare for this reality.

The event, attended by Minister of Labour and Foreign Employment Promotion Mr. Manusha Nanayakkara, Minister of State for Finance Mr. Ranjith Siyambalapitiya, Secretary to the President Mr. Saman Ekanayake, Senior Advisor to the President on Economic Affairs Dr. R.H.S. Samaratunga, and numerous representatives from local plantation companies, also discussed various aspects of the proposed initiatives.

(President’s Media Division)

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China hands over 100 egg incubators to SL

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With the objective of strengthening the rural economy and empowering small scale poultry farm owners, 100 egg incubators were distributed today (Nov. 08) under the patronage of Prime Minister Dinesh Gunawardena at the Temple Trees.

According to a request made by the Prime Minister during his visit to China’s Yunnan Province, the Chinese Ambassador – Mr. Qi Zhenhong handed over 100 incubators to the Prime Minister and these machines were distributed all over the island by the Hadabima Authority of the Ministry of Agriculture.

The Chinese Ambassador who participated in this event, said that as a special friend, China will always fully support the program of Prime Minister Dinesh Gunawardena to improve the lives of the rural people in Sri Lanka.

Agriculture Minister Mahinda Amaraweera, Fisheries Minister Douglas Devananda, State Ministers D. B. Herath, Janaka Vakkumbura, Kader Mastan, Sivanesathurai Chandrakanthan, Chamal Rajapaksa and other District Coordinating Committee Chairmen, Secretary to the Ministry of Public Administration Ranjith Ashoka, Hadabima Authority Chairman Sarath Chandrasiri Vithana and others joined the event.

(Pics : Prime Minister’s Media Unit)

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Independent Commission for Truth, Unity & Reconciliation to be established

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In a historic step towards transitional justice and post-conflict reconciliation, the Government of Sri Lanka has decided to establish an independent Commission for Truth, Unity and Reconciliation. 

This proposed Commission will be established through an Act of Parliament, currently in the drafting process as a concept paper in consultation with relevant stakeholders. The concept paper, used to prepare the final draft of the Bill for Parliament, will soon be available for comments to ensure an inclusive process in developing legislation that strengthens and safeguards national unity through truth, transitional justice, reconciliation, reparation and social cohesion.

A key objective of this process is to establish the truth regarding post-conflict grievances of Sri Lankan citizens, facilitating reconciliation, reparation and sustainable peace. The proposed Commission acknowledges every Sri Lankan’s inalienable right to ascertain the truth, a pivotal aspect for individuals and communities to heal from past conflicts.

Additionally, the Commission aims to ensure and strengthen national unity, peace, the rule of law, coexistence, equality, tolerance, respect for diversity and reconciliation among the people of Sri Lanka. This commitment extends to preventing any recurrence of disharmony and future conflict between the multi-ethnic and diverse communities.

The Commission is expected to review, consider and facilitate the implementation of recommendations made by past Commissions related to Sri Lanka’s post-conflict reconciliation efforts, including the Lessons Learnt and Reconciliation Commission (LLRC). Findings from the Consultation Task Force on Reconciliation Mechanisms, established in 2006 by the Government of Sri Lanka, will also be considered.

The Government of Sri Lanka is committed to ensuring that the proposed independent Commission acts impartially, free from any political influence. With a victim-centric ethos, the proposed Commission will be a sanctuary for voices to be heard, pain to be acknowledged and dignity to be reclaimed, providing a closure to victims and paving the path for national unity and social cohesion.

Pending the enactment of the proposed new law, the Government has initiated the establishment of an interim body, the Interim Secretariat for Truth and Reconciliation Mechanism (ISTRM). The ISTRM is working to build the necessary legal and policy framework, operational procedures and guidelines for the Commission. The objective of the ISTRM is to lay the foundation for a home-grown solution for truth, reconciliation and national unity. The ISTRM is currently engaging with the public and stakeholders to ensure the Commission is built with their participation and consultation, shaping this transformative mechanism and ultimately paving the way for sustainable peace and national unity.

(President’s media Division)

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