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Japan officially notifies SL to resume disbursement to Yen loan projects

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Following the completion of the signing of Memorandum of Understanding (MOU) between the Official Creditor Committee (OCC) and Sri Lanka on 23 July and the expression of the willingness by the Government of Sri Lanka to swiftly conclude a bilateral agreement on debt restructuring, the Government of Japan has officially decided to resume disbursement to Yen Loan Projects, which had been suspended since the default of Sri Lanka in 2022.

On 24 July, the Government of Sri Lanka, the Embassy of Japan and Japan International Cooperation Agency (JICA) Sri Lanka Office held a joint press conference to inaugurate this milestone decision at Ministry of Finance.

While congratulating the completion of the MOU on debt restructuring between Sri Lanka and the OCC, Ambassador MIZUKOSHI Hideaki highlighted the unprecedented initiative and outstanding contribution by the Government of Japan, as a co-chair of the OCC, in leading and concluding the public debt restructuring.

Ambassador Mizukoshi also commended Sri Lankan authorities for their ongoing efforts in implementing the comprehensive economic and social reforms essential to guide the country back to a sustainable path. He stated that all the suspended yen loan projects are crucial infrastructures that promote Sri Lanka’s economic growth and further reaffirmed Japan’s continuous and unwavering commitment to supporting Sri Lanka.

On behalf of Mr. Yamada Tetsuya, Chief Representative of JICA Sri Lanka Office, Ms. Ide Yuri, Senior Representative, handed over the official letter on this decision to Mr. Mahinda Siriwardana, Secretary to the Treasury, which is addressed to President Wickremesinghe from Dr. Tanaka Akihiko, President of JICA.

Ms. Ide Yuri expressed her hope that the resumption of Yen loan projects will contribute to stabilizing the economy and society of Sri Lanka and help gain momentum toward long-term sustainable growth, thus paving the way for Sri Lanka to recover trust and confidence from the people and private businesses of both Sri Lanka and the world.

Secretary Siriwardana expressed his profound gratitude for this decision and sincere appreciation for Japan’s excellent initiative and long-term dedication in the debt restructuring.

It is hoped that the resumption of disbursement to Yen loan projects would further strengthen the bond between Japan and Sri Lanka, as well as help this island nation bring itself back on track for further economic development, serving as a hub in the Indian Ocean.

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International Day of Yoga 2025 marked in all Ayurveda hospitals in SL (Pics)

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The Department of Ayurveda, under the Ministry of Health of Government of Sri Lanka and the Swami Vivekananda Cultural Centre (SVCC), the cultural arm of the High Commission of India in Colombo jointly organised International Day of Yoga (IDY) celebrations today (June 19) from 8:30 AM to 9:30 AM, across the island. 

In a historic first, this IDY event was simultaneously held in 113 Ayurveda hospitals, including teaching and research institutions across all nine provinces of Sri Lanka along with four universities, which also joined this landmark initiative. In addition to this island-wide observance, the main 11th IDY 2025 event will be held on Saturday, June 21, 2025, at 6:30 AM at Independence Square, Colombo, organised by the High Commission of India in Colombo. Simultaneous celebrations will also take place in Jaffna, Kandy, and Hambantota, led by Indian diplomatic missions in these regions, further amplifying the spirit of yoga across the country.
The Department of Ayurveda under the Ministry of Health of Government of Sri Lanka is a key government institution responsible for the promotion, regulation, and preservation of Ayurveda and traditional indigenous medicine in Sri Lanka. As part of its ongoing commitment to holistic health and well-being, The Department of Ayurveda promotes Yoga as a vital tool in Ayurvedic healthcare delivery, education and research.

This collaborative celebration with SVCC marks the first time that the entire network of Ayurveda institutions in Sri Lanka participated in the International Day of Yoga, in a unified manner. The SVCC extended generous support by providing yoga mats, instructional books, and curated video contents to all participating centres to facilitate the event.

This island-wide event underscored the growing global recognition of Yoga as a powerful tool for physical, mental, and spiritual well-being, while also strengthening the traditional healthcare ties between Sri Lanka and India.

The theme of IDY 2025 “Yoga for One Earth, One Health” reflects the profound connection between individual well-being and the health of our planet. Yoga, as an ancient practice rooted in harmony between mind, body, and nature, promotes a sustainable and balanced lifestyle essential for global health and environmental consciousness. This universal message was powerfully endorsed by the Prime Minister of India Shri Narendra Modi, whose historic proposal at the United Nations General Assembly in 2014 led to the declaration of June 21st as the International Day of Yoga. Since then, Yoga Day has become a global movement, inspiring millions across the world to embrace yoga as a way to cultivate inner peace and collective well-being.

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Dates announced for Kandy Esala Perahera

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This year’s Esala Perahera of the Sacred Temple of the Tooth Relic in Kandy is scheduled to commence on July 25, Diyawadana Nilame (Chief Custodian of Sri Dalada Maligawa) Pradeep Nilanga Dela has confirmed.

The annual Kandy Perahera will commence with the ‘Kap planting’ ritual on July 25 at the four main devalayas which will be followed by the five-day process of Ethul Perahera.

Afterwards, this year’s first Kumbal Perahera will take to the streets on July 30.

Diyawadana Nilame Pradeep Nilanga Dela said the Kumbal Perahera will take place until August 03 followed by the first Randoli Perahera on August 04.

The final Randoli Perahera is scheduled to parade the night streets on the Nikini Full Moon Poya Day (August 08).

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Toxic water sold as medicine In SL

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It was revealed in court that a batch of Human Immunoglobulin, a therapeutic antibody drug, allegedly imported under the supervision of former Health Minister Keheliya Rambukwella and 12 other accused individuals, contained bacterial-contaminated water harmful to the human body.

This revelation was made by Deputy Solicitor General Lakmini Girihagama, who presented the findings of an international laboratory investigation into the drug’s composition during the court proceedings.

A WHO-accredited German laboratory has confirmed that two controversial drugs—Human Immunoglobulin and Rituximab—previously distributed in Sri Lanka’s public health system, were substandard and dangerous, containing no medicinal properties.

According to Deputy Solicitor General Lakmini Girihagama, who presented the findings to the Maligakanda Magistrate’s Court, the Human Immunoglobulin vials contained bacterial-contaminated water harmful to human health, while the cancer drug Rituximab was found to contain only saline solution, with no active components capable of treating cancer.

“The first suspect, Sudath Janaka Fernando, owner of the pharmaceutical supply company, distributed drugs to Sri Lanka’s hospital system that, according to laboratory analysis, had no medicinal value whatsoever.”

“Specifically, the Human Immunoglobulin drug was found to contain bacterial-contaminated water. Meanwhile, the cancer drug Rituximab lacked the essential protein components required to treat cancer and consisted only of sodium chloride—plain saline solution.”

“Based on a Cabinet paper submitted by the eighth suspect, former Health Minister Keheliya Rambukwella, the Government of Sri Lanka spent Rs. 144.74 million to procure what amounted to toxic bacterial water and ordinary saline, under the guise of medication.”

Magistrate Lochana Abeywickrama questioned whether the raw materials used in manufacturing were imported from India.

Deputy Solicitor General Girihagama confirmed that customs records showed the materials were imported under a classification code typically used for chemical birth control agents, not therapeutic drugs.

“Your Honor, I am about to reveal something that could deeply disturb the conscience of the court. The raw materials imported by the first suspect for pharmaceutical production were classified under customs code 3006.60.00. Investigating officers examined what types of drugs are typically imported under this classification. According to officials from the Department of Customs, this code is designated for chemical birth control substances. Your Honor, it is evident that these suspects have deliberately contributed to a grave and unlawful act.”

Meanwhile, this batch of pharmaceuticals was procured as an emergency purchase, based on Cabinet approval granted through a Cabinet memorandum.

In connection with this, the Criminal Investigation Department recently recorded a statement from former President Ranil Wickremesinghe.

Deputy Solicitor General Lakmini Girihagama informed the court that, according to the former President’s statement, full responsibility for the memorandum lies with the subject Minister.

Additionally, investigators have compiled a report on phone conversations between the first suspect and other individuals involved. This report reveals the nature of their relationship and further clarifies their connection, as presented to the court.

Regarding the transaction involving substandard pharmaceuticals, steps have already been taken to file indictments before the Permanent High Court Trial-at-Bar, the Deputy Solicitor General informed the Magistrate’s Court.

The case is scheduled to be recalled before the Magistrate’s Court on June 16.

(News1st)

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

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