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President will visit China in October

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President Ranil Wickremesinghe is set to make an official visit to China in October, his first to that country since becoming the Head of State last year.

According to Government sources his main role will be to look for new investments, reach trade agreements and resume funding for stalled projects.   Expediting investments for the Colombo Port Financial City and discussions with the Exim Bank on resuming funding for the Central Expressway–Kadwatha-Mirigama section–would be on the table for discussion during the visit, while looking for new investments around the Hambantota area would be on the priority list, the sources said.

A Chinese investment in a refinery project in Hambantota which was expected to draw funds of US$ four billion was also expected to be discussed and finalised during the visit.

The Terms of Reference for the Establishment of an export oriented petroleum refinery and an associated product processing centre in Hambantota had already been finalised by the Power and Energy Ministry.

Ahead of the President’s visit, the Chinese Foreign Minister was expected to lead a delegation to Sri Lanka.

The visiting Chinese delegation was expected to review the expressway project, the Colombo Port Financial City proposed projects and the investments around the Hambantota area in addition to looking at potential new projects.

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Decision on water tariff reduction, soon?

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Minister of Water Supply and Estate Infrastructure Development Jeevan Thondaman, announced that the reduction of water tariffs is being studied alongside the new electricity tariff revision, with a decision expected by the end of this week.

The Minister also highlighted that the Water Supply Board, previously experiencing a monthly loss of LKR 2.8 billion, has now achieved a profit of LKR 6.2 billion.

Minister of Water Supply and Estate Infrastructure Development Jeevan Thondaman made these remarks during the ‘Collective Path to a Stable Country’ press briefing today (17)  at the Presidential Media Centre (PMC).

Minister Jeevan Thondaman, elaborating further, also stated:

We commend Minister Kanchana Wijesekera for initiating steps to lower electricity tariffs. The water supply sector is closely tied to electricity tariffs, making it likely that this revision will also lead to reduced water tariffs.

Water availability is influenced by various factors. We previously committed to lowering water tariffs in tandem with reductions in electricity charges. Currently, the Ministry is not only focusing on electricity but also assessing the impact of reduced interest rates, down from 26% to 11%. Additionally, we are studying the potential reduction in water tariffs based on changes in the dollar exchange rate. It’s important to note that the cost of chemicals procured by the water supply board is influenced by the dollar exchange rate.

It is expected that by the end of this week, a decision will be made regarding the extent of the reduction in the water tariff. When I assumed office in January 2023, the Ministry faced challenges, unable to even provide 1,000 new water connections. Moreover, I inherited a Ministry burdened with an USD 800 million debt and a Water Supply Board experiencing monthly losses of approximately LKR 2.8 billion. The board’s monthly recurring expenses of LKR 4.5 billion had a significant national impact.

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4 females arrested over brutal assault on child

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Aranayaka Police say that 04 female suspects have been arrested over brutally assaulting a six year old child.

The arrests were made after a video of the incident had gone viral online.

Accordingly, the women including the child’s mother, have been arrested and are to be produced before the Mawanella Magistrate’s Court today (July 17).

The child, who is under the care of his father, is to be produced before the Mawanella Judicial Medical Officer (JMO).

Aranayaka Police is conducting further investigation into the incident.

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Price of several fertilizers to be reduced

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The Minister of Agriculture and Plantation Industries, Mr. Mahinda Amaraweera today (17) instructed the State Fertilizer Company to take steps to significantly reduce the prices of fertilizers used for plantation crops such as cinnamon, tea and coconut.

Accordingly, the President of State Fertilizer Company, Dr. Jagath Perera stated that the prices of 5 types of fertilizers such as APM, YPM, Urea ( Cinnamon), SA ( Cinnamon) and TDM fertilizers produced by State Fertilizer Company will be reduced from Rs.1500 to Rs.2000 with immediate effect.

A discussion was held today at the Ministry of Agriculture and Plantation Industries regarding the reduction of fertilizer prices. The minister gave these instructions during the discussion.

(dailynews.lk)

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

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