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S.Korea pledges support to uplift SL’s economy

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South Korean President Yoon Suk Yeol pledged his support for President Ranil Wickremesinghe’s economic recovery plan for Sri Lanka.

He praised President Wickremesinghe’s programme aimed at alleviating the severe economic crisis in the country and commended his dedication.

Additionally, President Yoon mentioned the potential for expanding the scope for job opportunities in South Korea for Sri Lankan youth in the future.

The South Korean leader lauded President Wickremesinghe’s efforts to address Climate Change issues based on the COP 27 agenda and proposed for Sri Lanka and Korea to enter into a Bilateral Climate Change Agreement.

He further proposed the need to expedite the conclusion of a Bilateral Trade and Investment Agreement with a view to facilitating more Korean investment bringing in new technology to Sri Lanka.

The official meeting between Presidents Wickremesinghe and President Yoon occurred alongside the 78th session of the United Nations General Assembly at the South Korean Permanent Resident Mission to the United Nations in New York.

The leaders discussed the strengthening of diplomatic relations that began in 1978 and explored opportunities for further expansion.

President Wickremesinghe emphasised the importance of expeditiously finalizing a trade agreement between the two nations.

Both leaders prioritised enhancing trade and investment relations between Sri Lanka and South Korea.

Additionally, President Yoon expressed gratitude for the valuable contributions of Sri Lankan youths working in South Korea to the country’s economy.

Furthermore, the South Korean President highlighted that Sri Lankan workers who have gained skills in South Korea will return to contribute to Sri Lanka’s economy positively.

He also applauded the commitment of the Sri Lankan President to address climate change. President Ranil Wickremesinghe emphasised Sri Lanka’s digitization efforts, while the South Korean President noted that Sri Lanka can draw valuable lessons from South Korea’s remarkable achievements in digitization.

In a friendly gesture, President Yoon extended an invitation to President Ranil Wickremesinghe for an official visit to South Korea in the near future.

Foreign Minister Ali Sabry, Secretary to the President Saman Ekanayake, Foreign Secretary Aruni Wijewardane and other senior officials from Sri Lanka and Korea participated in the meeting.

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Dr. Shelton Premarathne passes away

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Legendary Sri Lankan music composer Dr. Shelton Premarathne has passed away today (May 30) at the age of 94.

He had been living with his son in Sydney, Australia, at the time of his demise.

Dr Premaratne has contributed to Sinhala cinema, theatre and classical Sri Lankan music. 

He was the music composer and director in over 30 stage productions, including Henry Jayasena’s popular theatre production Hunuwataye Kathawa (The Caucasian Chalk Circle), and 21 Sinhala films including films such as Daskon, Romeo Juliet Kathawak and Hithaka Pipunu Mal.

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Indian-owned ship held in Colombo after oil spill; travel ban imposed on captain

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The Marine Environment Protection Authority (MEPA) has taken custody of a ship which had caused an oil spill while anchored at the Colombo Port.

A spokesperson of the MEPA stated that legal action has been initiated against the company that owns the ship and the relevant insurance company regarding the oil spill. Under the Marine Environment Protection Authority Act, the MEPA is seeking compensation for the incident, the authority revealed.

The ship, owned by an Indian company, had recently arrived at the Port of Colombo for maintenance activities. A special investigation conducted by MEPA had revealed a leak of hydraulic oil from the ship. The company’s owner has admitted to the incident and agreed to provide compensation, according to the MEPA.

Furthermore, the Colombo Magistrate Court has imposed a travel ban on the captain of the ship preventing him from leaving the country, as per a request made by the Colombo Port Police.

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

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5 companies fined Rs. 1,243 Mn. for illegal gold imports

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State Finance Minister Dr. Ranjith Siyambalapitiya said that five companies have been identified for illegally importing gold into Sri Lanka during the past few years, and fines of Rs.1,243 million have been imposed on those companies.

The Minister said that one of the related companies was ordered to pay Rs.179 million as fines.

Emphasising that from now on, all licensed institutions carrying out import of gold goods should avoid these illegal acts, the Minister said that the relevant institutions will also be charged fines for the gold purchased by even third parties considering the production reports.

He said the efforts to stabilise the state revenue of the country are currently being carried out by closing all the loopholes related to the loss of state revenue gradually.

Certain parties who import gold goods have turned this into a big racket and therefore there is a mafia around it.There were various challenges and threats when the government tried to curb this mafia initially.

The Minister further said that there were various levels of threats, pressure and intimidation, and the government did not waver in the face of all these challenges and moved to the second step.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

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