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“Japan working hard to help SL to overcome economic crisis”

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Japan has reiterated that it is working hard to help Sri Lanka overcome the economic crisis.

During an interview with the Reuters News Agency, Vice Minister of Finance for International Affairs of Japan Masato Kanda has said Japan is working hard to help Sri Lanka, which is suffering its deepest economic crisis in 70 years, by coordinating with the Paris Club of creditor nations and the International Monetary Fund to ensure the participation of China and India in efforts to restructure the debt.

Referring to a Group of 20 mechanism designed to provide a swift and comprehensive debt restructuring for nations facing difficulty meeting debt obligations after the COVID-19 shock to their economies, Vice Minister Masato Kanda said, “It is desirable to work with these non-Paris Club countries in the same way with the Common Framework.”

“If this is realised, it would pave the way to carry out debt restructuring for other middle-income countries,” he has added.

The Vice Minister has stressed that crisis-hit Sri Lanka was a key issue when it came to helping countries in debt but he was not sure when creditors aiming to extend its loans would meet.

Meanwhile, Vice Minister Masato Kanda said Japan, as this year’s Group of Seven (G7) chair, expects Russia’s invasion of Ukraine to dominate talks this year among the world’s major advanced economies.

(Source : Reuters)

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President attends progress review meeting of Energy Ministry

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President Anura Kumara Dissanayake attended the progress review meeting of the Ministry of Energy this morning (Oct. 15).

President Anura Kumara Dissanayake pointed out that, similar to other countries where the energy sector holds a prominent position, Sri Lanka too has given the energy sector a leading role, and he also mentioned that the Ministry of Energy is one that generates revenue, and with higher earnings, there are societal discussions about possible irregularities.

President Anura Kumara Dissanayake stated that during this Presidential election, the people had voted with expectations, and he is committed to fulfilling that mandate.

President Anura Kumara Dissanayake highlighted that the public has placed their trust in a new political tradition due to dissatisfaction with the old political culture, the economic problems they face, and their dissatisfaction with the performance of the public service.

The President mentioned that the public believes corruption, fraud, and mismanagement are behind the country’s economic collapse, and that the people have given this mandate to prevent these issues. He further stated that he would protect the trust placed in him by the people to stop corruption and fraud across the public sector, and urged public servants to fulfill their responsibilities properly.

The President further stated that public wealth must be protected like religious property, and no one has a legitimate right to subject that wealth to fraud or corruption.

President Anura Kumara Dissanayake stated that the commitment of the current public servants is essential to create an efficient and effective public service that satisfies the citizens, and he is ready to take every step necessary to achieve this.

The President emphasized that public servants must act with responsibility and accountability to fulfill the structure, goals, and expectations of this mandate, and stated that his political leadership team is prepared to provide the necessary leadership for this.

President Anura Kumara Dissanayake further noted that he stands by every public action taken in the public’s interest within the boundaries of official duty and will not hesitate to take necessary action if improper acts are committed.

A detailed and extensive review was conducted regarding the current projects in the energy sector and those scheduled for implementation over the coming years.

Further discussions were held on how to achieve the goals of the energy sector over the next three years, as well as the short-term and long-term relief that could be provided to the public.

Professor Udayanga Hemapala, Secretary of the Ministry of Energy; Dr. Tilak Siyambalapitiya, Chairman of the Ceylon Electricity Board; Engineer K.G.R.F. Comester, General Manager of the Ceylon Electricity Board; and Janaka Rajakaruna, Chairman of the Ceylon Petroleum Corporation and the Ceylon Petroleum Storage Terminals Limited, along with several officials from the Ministry of Energy, participated in this event.

(President’s Media Division)

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Man shot and killed by unidentified gunman in Matara

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A 53-year-old man was shot and killed by an unidentified gunman in the Ruwanwella area, Matara, today (15). 

The victim, traveling in a three-wheeler, was attacked by an assailant who arrived in a car and opened fire using a pistol, according to the police.

Preliminary investigations are ongoing, and while the motive remains unclear, police have noted that the victim had been involved in vehicle seizing. 

Matara Police continue to search for the suspects responsible.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (Oct. 14).

The decisions taken by the Cabinet of Ministers are as follows :

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