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Japanese Finance Minister notes significant improvements in SL economy

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During a discussion with President Ranil Wickremesinghe yesterday (11), Japanese Finance Minister Suzuki Shunichi, expressed profound admiration for President Ranil Wickremesinghe.

He specifically mentioned positive trends in GDP and inflation indicators, attributing the progress to the President’s strong leadership. The minister conveyed deep respect for President Wickremesinghe’s demonstrated leadership in achieving these economic improvements.

Shunichi highlighted substantial improvements in the country’s economy, particularly emphasizing positive trends in GDP and inflation indicators. He credited these advancements to President Wickremesinghe’s strong leadership, expressing deep respect for the demonstrated qualities that contributed to significant economic progress in Sri Lanka.

Japan’s Finance Minister, Suzuki Shunichi, arrived in Sri Lanka on a two-day official visit (11-12) aimed at deepening economic relations with the Sri Lankan Government. This visit is particularly significant amidst the economic challenges faced by Sri Lanka, prompting the implementation of comprehensive reform measures focusing on macro stability and debt sustainability.

The President expressed profound appreciation for Japan’s lead role in addressing Sri Lanka’s debt issues. The talks encompassed future collaborations, emphasizing areas such as information-technological cooperation, maritime-security collaboration, resumption of stalled projects, long-term bilateral cooperation, finalization of debt restructuring agreements and pipeline projects.

Both leaders expressed mutual appreciation for the ongoing support and cooperation between their nations.

President Wickremesinghe conveyed his gratitude, emphasizing Japan’s crucial role in Sri Lanka’s current standing. Acknowledging the swift resolution of recent challenges, he expressed confidence in the deepening ties between the two nations.

Reflecting on the cooperation, President Wickremesinghe highlighted the need for further collaboration, particularly in the realms of a competitive green economy and a digital economy. Stressing the importance of focusing on exports to enhance the trade balance, he expressed optimism for the realization of a new economic model in Sri Lanka.

President Wickremesinghe concluded by affirming his commitment to fostering closer ties between the two countries, laying the groundwork for future cooperation.

In response, the Japanese Finance Minister expressed gratitude for President Wickremesinghe’s update and emphasized the value of transparent and comparable debt restructuring. 

Addressing the recent suspension of yen loans due to a debt crisis, Minister Suzuki Shunichi outlined the potential resumption of yen loans pending the conclusion of a MoU at the Official Creditor Committee (OCC) and continued debt sustainability monitored by the IMF.

The discussions between the two leaders aim to fortify ties and lay the groundwork for a more robust and cooperative economic relationship between Japan and Sri Lanka.

(President’s Media Division)

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Govt. to provide free fertilizer to all paddy farmers

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Minister of Agriculture and Plantation Industries – Mahinda Amaraweera has said that the government has decided to provide MOP fertilizer free of charge to all the paddy farmers in Sri Lanka during the 2024/25 Maha season and 2025/26 Maha season.

Sri Lanka will thus receive 55,000 metric tons of MOP fertilizer as requested by the government from the UN Food and Agriculture Organization.

The Minister of Agriculture and Plantation Industries, Mr. Mahinda Amaraweera, expressed his views on this in a meeting held in Tissamaharama today (June 24).

(dailynews.lk)

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8 arrested over gang rape of teen, remanded

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Eight youths who were arrested in connection with the alleged gang rape of a 16-year-old girl in the Jalthara area of Hanwella, have been remanded until June 28.

The suspects were produced before the Homagama Acting Magistrate Padmasiri Jayawardena today (June 24).

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GCE O/L results out within 10 days

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Examination Commissioner General Amith Jayasundara said yesterday (23) the results of the GCE Ordinary Level Exam 2023 (2024) will be released within the next 10 days.

He stated that efforts will be made to release the exam results within this week and if it is not possible, the results will be definitely released within ten days.

(dailynews.lk)

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

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