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Talks held over SL – Myanmar direct air connectivity

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Ambassador of Sri Lanka to Myanmar Janaka Bandara held a meeting with the top management of Myanmar Airways International on 12 May 2023, with the view of establishing direct air connectivity between Sri Lanka and Myanmar. 

Chairman Aung Aung Zaw and Chief Commercial Officer Tanes Kumar represented Myanmar Airways International in the discussion.

The Ambassador highlighted the significance of direct air connectivity in promoting the tourism industries of both destinations.  It was underlined that travelers between the two countries were wasting considerable time at transits while the flight time is just less than three hours.  The Ambassador assured that there would be a sizeable traffic up and down between these two significant destinations underpinned by historical, cultural and religious affinities.

In this discussion, the Ambassador requested to establish a regular charter flight between Yangon and Colombo and proposed to extend the Yangon – Chennai flight up to Colombo.

The Ambassador further suggested exploring the feasibility of having a circuit connecting Colombo – Yangon – Bodhgaya or Colombo – Yangon – Kathmandu with the view of gaining economic benefit out of the religious significance of these countries.

The CCO was positive towards the suggestions and agreed to work on them.  He further agreed to see the possibility of arranging charter flights between Yangon and Colombo during the month of August, enabling the Myanmar pilgrims to go to Kandy to pay homage to the Sacred Tooth Relic Temple “Sri Dalada Maligawa” and see “Asela Perahera” cultural pageant.

The proposal to establish direct air connectivity between Sri Lanka and Myanmar had been discussed at many high level forums in both countries.

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Adani decides to withdraw from wind energy project in SL

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Adani Green Energy has decided to withdraw from its proposed wind energy project in Mannar, Sri Lanka.
The company has conveyed this decision in a letter addressed to the chairman of Sri Lanka’s Board of Investment.

“It was learnt that another Cabinet appointed negotiations committee and Project Committee would be constituted to renegotiate the project proposal,” the company wrote in a letter, a copy of which was seen by Reuters, addressed to the chairman of Sri Lanka’s Board of Investment.

“This aspect was deliberated at the Board of our company and it was decided that while the company fully respects the sovereign rights of Sri Lanka and its choices, it would respectfully withdraw from the said project,” the letter added.

Adani Green Energy is a part of Indian billionaire Gautam Adani’s Adani Group.

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AG withdraws recommendation on Lasantha murder suspects

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The Attorney General has informed Mt. Lavinia Magistrate’s court that the recent recommendation made by him regarding the suspects involved in the murder of Sri Lankan journalist – Lasantha Wickrematunge will be suspended temporarily.

The AG has informed the Court of this in writing today (Feb. 13).

In a letter sent to the Director of the CID on Jan. 27, the Attorney General had previously provided his legal advice, regarding the release of three individuals.

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UAE – SL reaches agreement to strengthen economic & investment relations

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Coinciding with the President’s three-day official visit to the United Arab Emirates (UAE) to attend the World Governments Summit 2025, Sri Lanka and the UAE reached an agreement on Reciprocal Promotion and Protection of Investments to strengthen economic and investment relations between the two countries.

The agreement was signed by Mohamed Bin Hadi Al Hussaini, UAE’s Minister of State for Financial Affairs, and Vijitha Herath, Sri Lanka’s Minister of Foreign Affairs.  

This bilateral agreement establishes a secure legal framework to expand investment opportunities in global markets while ensuring the protection of foreign investments.  

The purpose of this agreement is to facilitate and strengthen foreign investments between the two nations by ensuring investor rights protection, promoting economic cooperation, and establishing comprehensive investment protection mechanisms, dispute resolution frameworks, and policy structures. This agreement will also contribute to strengthening global economic partnerships and creating opportunities for exploring new investment prospects in Sri Lanka.

This agreement underscores the importance of bilateral economic development and financial stability while demonstrating the commitment of both the United Arab Emirates and Sri Lanka to strengthening economic cooperation. It aims to foster trade and business expansion in Sri Lanka while promoting a transparent and stable investment environment.

Furthermore, this agreement also highlights Sri Lanka’s commitment to enhancing Foreign Direct Investment (FDI) and fostering a more attractive investment landscape. By enhancing investor confidence, it is expected to generate new business opportunities and contribute to economic progress.  

Ultimately, this agreement will reinforce the long-term partnership between the UAE and Sri Lanka, facilitating sustainable investments and advancing trade and financial collaborations between the two countries.  

(President’s Media Division)

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