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President, Japan FM hold talks on LRT, East Terminal, Central Highway & BIA expansion (Pics)

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Visiting Minister of Foreign Affairs of Japan Yoshimasa Hayashi has paid a courtesy call on President Ranil Wickremesinghe in Colombo a short while ago.

During the meeting, the two dignitaries engaged in discussions concerning the bilateral relationship between Japan and Sri Lanka, with a mutual commitment to further strengthen their traditionally robust ties.

President Wickremesinghe expressed his gratitude to the Japanese Government for its support in the debt restructuring process and shared details of French President Emmanuel Macron’s offer, aiming to play a pivotal role in enhancing the common platform for debt restructuring and expediting the process.

Another significant aspect of their talks revolved around key areas of cooperation, namely the Light Rail Transit (LRT), the East Terminal, the Kandy Development Plan, Central Highway, and the expansion of the Bandaranaike International Airport.

Both parties expressed the importance of expediting the implementation of these projects.

Additionally, they delved into bilateral, regional, and global issues, emphasizing their shared commitment to maintaining the region as a peaceful and stable area.

President Wickremesinghe also highlighted the investment opportunities in Sri Lanka’s high-tech industries, envisioning a transformation from a labour market-oriented economy to one that caters to cutting-edge technological advancements.

This strategic move is expected to present significant prospects for Japanese investors.

The high-level meeting took place in Colombo this morning.

Foreign Minister Yoshimasa Hayashi arrived in Sri Lanka on a two-day official visit last night.

The Japanese Foreign Minister was received by State Minister of Foreign Affairs Tharaka Balasuriya at the Bandaranaike International Airport.

During his stay, Foreign Minister Yoshimasa Hayashi will also hold discussions with Prime Minister Dinesh Gunawardena and Minister of Foreign Affairs Ali Sabry.

The Ministry of Foreign Affairs said in a statement that Minister of Foreign Affairs of Japan Yoshimasa Hayashi is being accompanied by Senior Foreign Policy Coordinator MURAKAMI Manabu, Director General Southeast and Southwest Asian Affairs ARIMA Yutaka, Director General International Cooperation ENDO Kazuya, Deputy Press Secretary OKANO Yukiko from the Ministry of Foreign Affairs, Japan and a 22 – member delegation consisting of officials of the Ministry of Foreign Affairs of Japan.

The delegation will discuss the on-going debt restructuring process and also development projects which were discussed during Ranil President Wickremesinghe’s visit to Japan in May.

The delegation will also visit one of the Japanese Official Development Assistance (ODA) sites in Sri Lanka.

This is also the first ministerial visit to Colombo from a Japanese delegation since 2019.

(NewsRadio)

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New SL ambassador to China assumes duties

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The Ambassador-designate of Sri Lanka to the People’s Republic of China – Majintha Jayesinghe had assumed duties yesterday (May 20).

The post of the Sri Lankan ambassador to China was vacant for several months after the tenure of Dr. Palitha Kohona ended.

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Heavy showers today as well

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The Department of Meteorology says the Southwest monsoon conditions are gradually establishing over the island and hence, the prevailing showery and windy conditions will continue. 

Cloudy skies can be expected over most parts of the island.

Showers or thundershowers will occur at times in Western, Sabaragamuwa, Central and North-western provinces and in Galle and Matara districts.

Heavy showers above 100mm are likely at some places in Western, Sabaragamuwa and North-western provinces and in Galle, Matara, Kandy and Nuwara-Eliya districts.

Several spells of showers will also occur in the Northern and North-central provinces, it said.

Strong winds of about 40-50 kmph can be expected at times over the island.

General public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

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SL – Indonesia pledge stronger bilateral ties

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In a significant bilateral meeting during the 10th World Water Summit, President Ranil Wickremesinghe and Indonesian President Joko Widodo reaffirmed their commitment to strengthening the longstanding relationship between their nations. The discussions, which covered a wide range of regional and international issues, underscored the importance of collaboration in addressing global challenges.

President Wickremesinghe, in his opening remarks, highlighted the historical ties between Sri Lanka and Indonesia, dating back to their joint participation in the 1956 Bandung Conference. He expressed appreciation for President Widodo’s leadership in regional, international, and bilateral matters, noting the importance of such summits in fostering global cooperation.

A major topic of discussion was the critical issue of water management. President Wickremesinghe emphasized the importance of the World Water Summit and expressed Sri Lanka’s willingness to participate in the Global Blended Financial Alliance, an initiative aimed at addressing common financial challenges faced by countries in managing water resources. He commended Indonesia for establishing a Secretariat for the Alliance, recognizing its significance for Sri Lanka.

President Widodo, in his remarks, focused on the economic cooperation between the two countries. He stressed the need to finalize the Preferential Trade Agreement (PTA) by the first quarter of 2025 to enhance economic ties. Additionally, he highlighted Indonesia’s interest in entering the Sri Lankan vaccine market through Indonesian pharmaceutical companies, and called for the lifting of import restrictions on Indonesian palm oil and related products.

The Indonesian President also showcased Indonesia’s advancements in renewable energy, specifically the country’s largest floating solar power project. He emphasized the importance of hydro diplomacy and political leadership in achieving sustainable water management and development goals. Furthermore, he welcomed Sri Lanka’s leadership in the Indian Ocean Rim Association and its aspirations to become a sectoral dialogue partner.

President Wickremesinghe reiterated the importance of completing the PTA by early 2025, noting Sri Lanka’s existing free trade agreements with India, Singapore, and ongoing negotiations with Thailand, Bangladesh, and Malaysia. He emphasized the potential benefits of joining the Regional Comprehensive Economic Partnership (RCEP), suggesting that Sri Lanka’s inclusion could encourage other South Asian countries to follow suit. 

He also mentioned the ongoing removal of import restrictions and assured that Sri Lankan health authorities would address the entry of Indonesian pharmaceuticals into the market.

The discussion also touched upon regional security and economic cooperation in the Indian Ocean. President Wickremesinghe supported ASEAN’s Indo-Pacific outlook and stressed the need for closer bilateral and regional cooperation regarding Indian Ocean affairs. He proposed more frequent meetings between heads of government and a specific bilateral agreement with Indonesia to enhance commercial collaboration in the region.

President Widodo thanked Sri Lanka for co-sponsoring the Global Blended Financial Alliance, emphasizing its role in achieving sustainable development goals. He called for continued collaboration between relevant ministries from both countries to support this initiative. Looking ahead, President Widodo mentioned the upcoming presidential transition in Indonesia and expressed hope that the new administration would continue to strengthen ties with Sri Lanka.

In conclusion, President Wickremesinghe expressed his eagerness to work with Indonesia’s new leadership and extended a personal invitation to President Widodo to visit Sri Lanka after his term ends in October. Both leaders reaffirmed their commitment to enhancing bilateral relations and addressing shared global challenges through continued cooperation.

(President’s Media Division)

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