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H’tota Port launches SL’s first coral reef protection project

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The Hambantota International Port (HIP) has launched a project to study coral species that have grown across it, the group said in a statement.

Eco-conscious policies adopted by HIPG have created a sanctuary for the natural growth of different species of coral along the port’s breakwaters and on the artificial island.

The Coral Reef Protection Project, which will protect and expand these colonies of coral growing within the port, is a testament to HIP’s steadfast commitment to environmental sustainability and its mission to preserve marine ecosystems while maintaining eco-friendly port operations.

Speaking at the launch, CEO of the HIPG emphasised the importance of sustainability to the company’s core mission. “Care for Planet is a fundamental aspect of our Environmental, Social, and Governance (ESG) framework,” he said.

“This vision is also a policy and goal set by our parent company, CM Port, and is deeply embedded in our approach at HIP. With the objective of aligning with the United Nations Sustainable Development Goals, particularly those focused on climate action, life below water, and life on land, these goals serve as our compass, guiding our efforts to ensure a healthier planet today and for future generations.”

This project, a collaboration with the Ocean University of Sri Lanka (OCUSL), will conduct a comprehensive baseline study to assess coral cover, species diversity, and the presence of various marine organisms, such as fish, invertebrates and algae, according to the HIPG.

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GoSL issues statement on talks held over US tariffs

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A Sri Lankan delegation met with US Trade Representative Ambassador Jamieson Greer on the 22nd of April, 2025 at the US Trade Representative Office in Washington D.C.

Sri Lankan delegation on the instructions of President Anura Kumara Disanayaka, who is also the Minister of Finance, handed over the originals of communications addressed to US Trade Representative Ambassador Greer on behalf of the Government of Sri Lanka.

The delegation updated Ambassador Greer on the challenges that Sri Lanka has faced in the past and the steps that are been taken by the Government of Sri Lanka to overcome future challenges and move towards full economic recovery.  Sri Lankan delegation highlighted the prompt and positive commitment of the Government of Sri Lanka to work with the US Government in reducing the trade deficit, and lowering tariff and non-tariff barriers.  

Ambassador Greer was appreciative of the proposals that Sri Lanka has made in order to commence negotiations and expressed the hope that an agreement can be reached soon between two countries to ensure fair and equitable trade relations.  

Later on that day, the Sri Lankan delegation met with the USTR delegation appointed by Ambassador Greer lead by Assistant United States Trade Representative, In-charge of South and Central Asia, Brendan Lynch along with Director In-charge of South Asia, Emily Ashby to discuss further the offer made in writing by Sri Lanka to the US.  The two sides agreed to continue the discussions with the objective of finalizing a bilateral trade agreement between the two countries.  Both sides expressed the desire to finalize the agreement in the shortest possible time period.

The Office of the U.S. Trade Representative (USTR) is responsible for developing and coordinating U.S. international trade, commodity, and direct investment policy, and overseeing negotiations with other countries. The head of USTR is the U.S. Trade Representative, a Cabinet member who serves as the president’s principal trade advisor, negotiator, and spokesperson on trade issues.

(President’s Media Division)

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Sri Lanka awaits 5th tranche as IMF review ends

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The fourth review of the International Monetary Fund (IMF) supported-program for Sri Lanka concludes today (April 25).

According to Deputy Minister of Finance, Dr. Anil Jayanta Fernando, discussions related to this review recently began between representatives of the IMF and Sri Lanka.

The discussions are being held in Washington, D.C., with participation from Deputy Minister of Finance Dr. Harshana Suriyapperuma, the Secretary to the Ministry of Finance, the Governor of the Central Bank, and other officials.

Dr. Fernando stated that with the conclusion of the fourth review, the IMF staff-level agreement for the disbursement of the fifth tranche will be announced.

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Deadline for SLTB managers to improve services

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The Ministry of Transport and Highways has given Sri Lanka Transport Board (SLTB) depot managers until the end of next month to provide profitable and quality services.

Deputy Minister Dr. Prasanna Gunasena stated that decisions will be made regarding individuals who fail to meet this requirement.

Currently, there are 107 operational SLTB depots, with only around 60 of them being profitable.

Since the new government took office, approximately 20 new individuals have been appointed to SLTB depot managerial positions.

Deputy Minister Dr. Prasanna Gunasena noted that the remaining managers were appointed during previous administrations.

He emphasized that the current government has given these managers time to align with the new policies for managing SLTB depots.

(News1st)

(This story, originally published by News1st has not been edited by SLM staff)

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