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FTA to be signed as Thai PM to visit SL

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Prime Minister of the Kingdom of Thailand – Srettha Thavisin will undertake a two-day official visit to Sri Lanka from 03 – 04 February 2024 at the invitation of Sri Lankan President Ranil Wickremesinghe. 

The Prime Minister will participate at the ceremony to mark the 76th Anniversary of Independence of Sri Lanka as Guest of Honour.

 During the visit, the Thai Prime Minister is scheduled to have official discussions with President Wickremesinghe, and witness the signing of the historic Sri Lanka – Thailand Free Trade Agreement (SLTFTA). 

The Free Trade Agreement will be signed by Deputy Prime Minister and Minister of Commerce of Thailand – Phumtham Wechayachai, and Minister of Trade, Commerce and Food Security of Sri Lanka – Nalin Fernando.

The SLTFTA is expected to boost trade and investment ties between the two countries and promote deeper integration with ASEAN economies. Additionally, the two sides are expected to renew the Air Services Agreement and conclude a Memorandum of Understanding between the Gem and Jewellery Research and Training Institute of Sri Lanka and The Gem and Jewelry Institute of Thailand.
A Sri Lanka- Thailand Business Forum organized by the Department of International Trade Promotion and Department of Trade Negotiations of the Ministry of Commerce of Thailand and the Department of Commerce and the Ceylon Chamber of Commerce of Sri Lanka will also take place at the Kingsbury Hotel during the visit.

The Thai Prime Minister will be accompanied by a 39 member delegation including Hon. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce, Hon. Jakkapong Sangmanee, Deputy Minister of Foreign Affairs of Thailand and a top-level business delegation.

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SC concludes hearing petitions against ‘Sri Lanka Electricity Bill’

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The Supreme Court has concluded its hearing of the petitions filed challenging the proposed Sri Lanka Electricity Bill, which includes proposed reforms for the electricity sector.

Accordingly, the court announced that it will inform the determination to the Speaker of Parliament confidentially.

The petitions were heard before the three-member Supreme Court bench consisting of Justices Vijith Malalgoda, Shiran Gunaratne and Arjuna Obeysekera for three consecutive days.

The petitions were submitted by 14 parties including the secretary of the Ceylon Electricity Workers’ Union, Ranjan Jayalal.

(adaderana.lk)

 (This story, originally published by adaderana.lk has not been edited by SLM staff)

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Donald Lu calls on President Ranil

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United States’ Assistant Secretary Bureau of South and Central Asian Affairs, Donald Lu, called on President Ranil Wickremesinghe today (May 13) at the Presidential Secretariat.

During the meeting, extensive discussions were held regarding Sri Lanka’s economic recovery strategies. President Wickremesinghe’s unwavering dedication and commitment to implementing the economic reform program was highly appreciated. 

The President was accompanied by the Senior Advisor on the National security and Chief of Staff, Sagala Ratnayaka, Secretary to the President, Saman Ekanayake, United States Ambassador to Sri Lanka Julie Chung and Director of International Affairs, Dinouk Colombage.

(President’s Media Division)

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Concessionary vehicle permits: MPs have their way, ignoring economic crisis

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Despite the cost of living sizzling at red hot levels and the country being cash- strapped, the House Committee of Parliament has endorsed the proposal to offer concessionary vehicle permits for MPs as requested by them, a top source said.

The source familiar with the decision said the committee which looks into the requirements of the MPs positively considered the request by them for such permits in line with the similar facilities offered to executive graders in different categories of the public service.

The MPs , numbering more than 100 and representing different parties, submitted a letter to Speaker Mahinda Yapa Abeywardena asking for permission to import vehicles with no duty for their use.

Following the approval by the House Committee, the Speaker is expected to write to President Ranil Wickremesinghe who is authorized to execute the decision as the Finance Minister.

After constitution of every Parliament, the MPs are given vehicle permits . However, the MPs elected to the current Parliament at the 2020 general election did not get the benefit due to the economic crisis and the ban on vehicle imports to save foreign exchange.

The government is now mulling the possibility of lifting the ban. The MPs are likely to get permits once the ban is lifted only.

In the past, there were reports about the MPs selling off their permits and earning multimillion rupee revenue each.

(dailymirror.lk)

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

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