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Debt-restructuring talks, two MoUs during Jaishankar’s visit

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The government is to hold debt restructuring talks with India, one  of the key creditors, during a scheduled visit by India’s External  Affairs Minister S. Jaishankar who is due here next Thursday, President  Ranil Wickremesinghe told trade union leaders yesterday.

“We discussed China’s Exim Bank earlier this week and by now we have  started exchanging views on it. India’s External Affairs Minister is  scheduled to visit Sri Lanka on January 19 to discuss the debt  restructuring process. We are proceeding with these activities  gradually,” President Wickremesinghe said.

During Mr Jaishankar’s visits, two memorandums of understanding are  likely to be signed. 

One of the MoUs is for the Trincomalee development project  and the other for a power grid connectivity project with India, the  Sunday Times learns.

Meanwhile, a high-level Chinese delegation led by Chen Zhou, Vice  Minister of the International Department of the Communist Party, arrived  here yesterday for bilateral talks.

Mr. Chen met President  Wickremesinghe last evening and delivered a letter from Chinese President  Xi Jinping.

The Chinese Embassy in a twitter message said, “They had  friendly and fruitful dialogue on how to enhance bilateral pragmatic  cooperation and party-to-party exchanges”.

Earlier this week, China’s Exim Bank Chairman Wu Fulin held  a virtual meeting with President Wickremesinghe on the debt  restructuring process and cooperation between the two countries.

Commenting on the status of the ongoing debt restructuring  programme, President Wickremesinghe said the government had completed  talks with Japan — one of the three main creditors to Sri Lanka, besides China and India.

Following these talks, the President stressed that the country would  be able to secure USD 2.7 billion Extended Fund Facility from the  International Monetary Fund (IMF) in three or four instalments.

“In addition, we have the capacity to get USD 5 billion from the  World Bank, the Asian Development Bank and others. By the end of the  year, a number of different programmes are scheduled to resume with  Japan,” the President said, explaining the path to recovery from the  economic crisis the country currently undergoes.

(sundaytimes)

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Senior State Counsel Shaveendra Wickrama interdicted for disobeying orders

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The Attorney General’s Department has interdicted Senior State Counsel (SSC) Shaveendra Wickrama.

SSC Wickrama was interdicted on charges of disobeying the orders of his superiors. The officer has more than 20 years of service at the AG’s Department.

The Sunday Times understands that the Public Service Commission has approved the interdiction of the officer.

SSC Wickrama has also lodged two complaints regarding several matters with the Commission to Investigate Allegations of Bribery or Corruption and the Keselwatta Police.

The AG’s Department is due to hold an inquiry on SSC Wickrama regarding the charges against him.

(Sunday Times) 

Except for the headline, this story, originally published by Sunday Times has not been edited by SLM staff

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Complete 3rd phase of Central Expressway by 2026 end – Vijitha

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Minister of Transport, Highways, Ports and Civil Aviation – Vijitha Herath has urged to complete work of the 3rd phase of the Central Expressway by Dec. 31, 2026.

The 3rd phase spans from Pothuhera to Rambukkana.

The minister had said this after inspecting work at the section today (Nov. 09).

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Govt refutes claims of shutting down ‘Thriposha’ company

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The government has refuted reports claiming that Sri Lanka Thriposha Limited (SLTL) is to be closed down.

Issuing a statement, the Ministry of Finance has said no action has been taken or will be taken to liquidate the Thriposha Company.

The statement further notes that the Triposha programme to provide nutrition supplements to children and pregnant mothers will continue forward in a more effective manner.

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