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Ratnadipa

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By Saliya Weerakoon

In the heart of Colombo, where the sky meets the turquoise Indian Ocean, a new jewel has emerged on the skyline – ITC Ratnadipa. Its inauguration was not merely an opening of another luxury hotel; it was a declaration; a statement of elegance and ambition that resonates with Sri Lanka’s heritage as the ‘Island of Gems’.

The launch was attended by President Ranil Wickremesinghe, who took a nostalgic journey back to the era when Sri Lanka first welcomed the grandeur of five-star hospitality with the iconic Galle Face Hotel. I stepped into the ITC Ratnadipa and it was an architectural marvel with well-trained staff and luxury personified, well-equipped luxury rooms in coexistence with technology. 

Colombo, arguably one of the best cities in South Asia, has a lot to offer, but is certainly under-optimised. The emergence of ITC Ratnadipa and Shangri-La in Colombo, in addition to the other vintage properties, could undoubtedly lift the status quo for high-end tourism in Sri Lanka. 

This event is a reminder of the potent alchemy between heritage and modernity that defines Sri Lanka today. It comes at a time when another local giant, John Keells, is set to transform the cityscape further with its upcoming ‘City of Dreams’. This mixed-development property promises to weave another layer of sophistication into the fabric of Colombo. What does this tell us? It tells us about the unyielding spirit of enterprise that drives the nation.

Ratnadipa and City of Dreams are two brands that are different, but they provide a grand narrative. Colombo was always a city of dreams. Colombo was the city to achieve the Sri Lankan dream. 

Some critics took their fingers to social media and for them Ratnadipa was a bad brand and City of Dreams was bad in architecture. For me, Ratnadipa takes me back to the history of Sri Lanka and an 81-year-old Trinitian, a proud son of Sri Lanka, wove his magic to build City of Dreams. The man behind City of Dreams was Cecil Balmond – a global authority in architecture. In a world where everyone is an expert on someone else’s profession, critics are part of the deal. 

Meanwhile, Dilmah, a homegrown global brand synonymous with Ceylon Tea, is branching out into the world of spices with Ceylon Cinnamon. This move is not just about expanding a product line – it’s about redefining identity and stretching the boundaries of what is possible from this fertile island. 

But why does this matter to you and me? Because these stories are not isolated chapters. They are interconnected tales of resilience, ambition, and foresight that inspire a nation battered by economic storms. Each venture is a bonfire of hope, illuminating paths not only within the shores of Sri Lanka but also extending towards its vast diaspora. From every corner of the globe, Sri Lankans have excelled, reinforcing that the spirit of entrepreneurship is a universal passport to success.

So, as the scents of cinnamon mingle with the salty air and the skyline dazzles with new silhouettes, we must ask ourselves: what drives this relentless pursuit of innovation? Is it merely the desire to survive, or the burning passion to thrive, to carve out a destiny that honours the past while forging a future?

May Day developments

Consider this: while grand hotels rose and tea empires expanded, the country was also a stage for the theatrics of May Day. Political rallies pulled vast crowds, each a show of strength and a narrative of commitment. 

President Wickremesinghe reiterated his stability mantra, reminding citizens of his inherited storm and the calm he promised to restore. Meanwhile, aspirants like Sajith Premadasa, Anura Kumara Dissanayake, and Dilith Jayaweera painted visions of victory and change, each pledging to lead the island nation to a brighter dawn.

May Day rallies are often used to showcase political might and this year it was amplified by all parties. Some politicians from key parties declared that their respective rallies had more than 100,000 people in attendance. Nothing wrong; some humans struggle with zeros. Most of the political speeches were about how great they are, rather than their political enemies. The day of the workers should belong to the workers, not their masters. 

Yet, beyond the spectacle, a crucial development unfolded: the President increased the daily wages of estate workers to Rs. 1,700 ($ 5.5) per day, a long-overdue acknowledgement of their toil. This decision, while a victory, poses new challenges for the plantation companies, balancing increased operational costs against fair compensation. Here lies a critical lesson in economics and empathy; a balancing act every aspiring leader and entrepreneur must master.

As the streets of Colombo burst into a kaleidoscope of colours and chants during the May Day celebrations, my mind travelled back to a pivotal chapter in my life. A moment etched in the annals of Sri Lanka’s labour history that echoes the undying spirit of its workforce. It was the late ’90s, a time of economic flux and fervent hopes, when I, as a young union branch leader of the Ceylon Bank Employees’ Union, found myself thrust into the throes of a protest that would mark both a personal and collective transformation.

Dressed in jeans and rubber slippers, armed with nothing but placards and our convictions, we took to the streets. Our battle wasn’t just about numbers on a paycheck; it was a fight for respect, for dignity in our labour. The city’s cacophony faded into the background as our voices rose in unison, a formidable force against an unbending management. The days stretched into months, each one a testament to our resolve.

Yet, the resolution of this conflict was bittersweet. While we secured a salary increment, it was a compromised victory, shadowed by the stark realisation of betrayal from within our ranks. Some of our comrades, those who once stood shoulder to shoulder with us, had traded their loyalty for personal gain, leaving behind a tainted legacy of the struggle.

This experience, though disheartening, was illuminating. It marked the last time I would participate in a trade union protest, not just because I never again worked where unions held sway, but because the sting of that betrayal lingered, a stark reminder of the complexities of human intentions and collective action.

Most of the senior bankers in Sri Lanka today were part of the late ’90s trade union action. They were mauled by the experience.

Trade unions and political games

As I reflect on those tumultuous days, I draw parallels with the present, where once again, the streets of Colombo are alive with the energy of May Day rallies. Political leaders and hopeful aspirants stand on their platforms, claiming solidarity with the working masses. They promise stability, reform, and prosperity. But beyond the pomp and spectacle, one wonders about the genuine commitment to the rights and well-being of the workers.

These events, both past and present, serve as a stark reminder of the enduring struggles of Sri Lanka’s workforce. They compel us to question: How much of the political rhetoric will translate into tangible benefits for the workers? Are these rallies a true celebration of labour rights, or merely a show of strength by political entities?

In the complex mural of Sri Lanka’s economic landscape, where each thread intertwines with layers of cultural, social, and political influences, the role of trade unions is becoming increasingly pivotal. Yet, this crucial institution, designed as a bastion for the rights and voices of workers, finds itself at a crossroads, caught between traditional roles of advocacy and the urgent need for evolution.

Imagine a bustling factory at the edge of Colombo, where workers, diligent and weary, weave through their daily routines under the relentless rhythm of machinery. Here, the trade union is not merely a representative body; it is a lifeline. But as the global market’s demands shift and the local economic pressures mount, these workers find their voices drowned out not just by the mechanical noise but by a cacophony of political agendas.

Trade unions in Sri Lanka, historically tied to various political factions, often find themselves embroiled in broader political games, sometimes at the expense of their own members’ immediate needs. This affiliation to political parties, while providing leverage in certain governmental negotiations, also divides and dilutes their focus, making it challenging to stay aligned with the workers’ real interests and the long-term sustainability of the organisations they help build.

However, envision a different scenario: a trade union that champions not just the cause of its members in isolation but advocates for the holistic growth of the entire organisation. Such a union would transform from a mere pressure group into a partner in progress, aligning workers’ aspirations with the strategic goals of the company.

Consider the story of a hypothetical apparel manufacturer in Galle, where a visionary trade union leader sees beyond the immediate skirmishes over wages and working conditions. She negotiates not just for fair pay but also for better training programmes, linking workforce development to increased productivity and higher quality outputs. Here, the trade union works hand in hand with management to tap into new markets, ensuring job security through company growth.

This collaborative approach could be revolutionary in Sri Lanka’s context, where economic challenges like high inflation and international competition are pressing. By fostering a union culture that prioritises organisational growth along with employee rights, both workers and companies can thrive, contributing to a more resilient economy.

As Sri Lanka navigates its recovery from economic setbacks, the need for such evolved trade unions becomes ever more apparent. These bodies must champion a dual cause: defending immediate worker rights while ensuring that their organisations adapt, innovate, and remain competitive on a global scale.

Shared prosperity and sustainability

For workers across this beautiful island, from the tea gardens of the central highlands to the tech offices in urban Colombo, the call is clear. They need unions that are not only shields against exploitation but also engines of shared prosperity. This reimagined role of trade unions could well be the linchpin in Sri Lanka’s aspiration to forge a sustainable economic future, where every worker not only survives but thrives.

As we navigate these complex waters, let us not forget the lessons learned from the struggles of the past. The betrayals and the partial victories are not just remnants of history; they are cautionary tales that must guide our actions and expectations. It is crucial for every citizen, not just the policymakers and the leaders, to advocate for transparency, accountability, and genuine progress.

In doing so, we honour not just the spirit of May Day but the very essence of what it means to fight for justice and equity in the workplace. As Sri Lanka continues to write its future, let us ensure that this narrative includes a fair and dignified chapter for every worker who has ever dared to dream of a better life.

Sri Lanka, our Ratnadipa, is at a crossroads, rich in potential yet burdened by past mistakes. The question now is: how do we leverage this wealth of resources, human capital, and cultural heritage? How do we ensure that the rule of law, transparency, and credibility become the cornerstones upon which we build our future?

This is a call to action, not just for the leaders but for each citizen. It’s a plea to recognise the collective power of individual actions. How can we, as part of this gem of an island, contribute to its shine? Are we ready to be part of this monumental transformation task to ensure that when the world looks our way, they see a light of innovation and integrity?

It’s time to reflect on these questions to engage in a dialogue among ourselves and the world. As Sri Lanka stands poised to redefine its course, let us be the architects of that destiny. Let us be bold, let us be brave, and let us be brilliant. After all, isn’t that what it means to be truly deserving of the name Ratnadipa?

(The Morning)

Japan seeks Sri Lanka economic recovery for regional stability

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By: Staff Writer

May 05, Colombo (LNW): Strategically placed Sri Lanka’s economic recovery is essential for stability in the Indo-Pacific region, Japanese Foreign Minister Yoko Kamikawa said Saturday, urging Colombo to swiftly restructure its foreign debt.

After talks with her Sri Lankan counterpart, Ali Sabry, Kamikawa said that Colombo should secure agreements with bilateral lenders and international sovereign bondholders to unlock suspended foreign funding.

The Sri Lankan government which defaulted on its $46 billion external debt in April 2022, had hoped to finalize deals with foreign creditors by April but there have been no final agreements yet although talks will be continued in Colombo to arrive at a  consensus by June this year.

Kamikawa said she “stressed the importance of reaching a debt restructuring agreement with all the creditors,” including China — the largest bilateral lender to the island.

She said Tokyo considered Colombo’s economic recovery to be crucial for the entire region. The island is located halfway along the main east-west international shipping route.

“The restoration of stability and economic development of Sri Lanka, which is at a strategic location in the India Ocean, is essential for the stability and prosperity of the entire Indo-Pacific region,” she added.

Sri Lanka must secure agreement from all official creditors and a majority of private bondholders to continue with a four-year, $2.9 billion bailout loan that began in March last year.

Japan, the second largest bilateral lender to the island, has expressed concern about China’s big infrastructure projects in Sri Lanka and elsewhere in the region.

The Japanese Minister of Foreign Affairs Yoko Kamikawa conveyed Japan’s intention to further support Sri Lanka’s development by swiftly resuming existing ‘Yen loan projects’ once the Memorandum of Understanding (MOU) on debt restructuring is signed and the Sri Lankan government’s intention to swiftly conclude bilateral agreement is confirmed.

Ms. Kamikawa expressed Japan’s intention to continue to support Sri Lanka’s ongoing efforts for national reconciliation.

Meanwhile, she mentioned that various reforms that Sri Lanka is currently undertaking are all essential for the normalization of Sri Lanka’s economy.

Also Saturday, the two countries agreed to work to resume stalled bilateral projects, including a $1.5 billion Japanese-funded light railway. Sri Lanka pulled out of the rail project in 2020, when it was moving closer to China under Rajapaksa.

Sri Lanka Original Narrative Summary: 05/05

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  1. Japanese Foreign Minister Yoko Kamikawa commends President Ranil Wickremesinghe’s efforts to rescue Sri Lanka from its economic crisis and stabilise economic reforms during her meeting with the President: The meeting, which took place at the Presidential Secretariat, highlighted Japan’s support for Sri Lanka’s economic recovery.
  2. Opposition MP Harsha De Silva calls for an immediate parliamentary probe into VFS Global’s visa service ‘monopoly’ in Sri Lanka, citing concerns over the high fees and lack of transparency: questions the need for paying what he termed as ‘monopoly rent’ amounting to Rs. 18 billion over the next year: urges scrutiny of the TORs for such services and stresses the need for alternative options to be explored: highlights the lack of transparency surrounding the agreement.
  3. A 10-member delegation from Sri Lanka, including representatives from the Election Commission and PCOI, will participate in India’s International Election Visitor Programme from May 4 to May 9, 2024: The initiative aims to familiarise international election bodies with India’s electoral system, featuring briefing sessions and site visits to observe election procedures.
  4. The Archbishop of Colombo, His Eminence Cardinal Malcolm Ranjith reiterates the existence of a conversation with former President Gotabaya Rajapaksa, refuting Rajapaksa’s denial: criticises Rajapaksa’s handling of the Easter Sunday attacks and accuses him of transferring intelligence officers involved in the investigation: questions the current government’s failure to implement recommendations and calls for accountability: The Cardinal previously claimed that Rajapaksa told him over the telephone of his inability to execute the recommendations by the PCoI appointed to probe the genocide due to ‘potential repercussions on individuals and organisations with close ties to him.’
  5. The Power and Energy Ministry hosts a delegation from the International Finance Corporation (IFC) led by Riccardo Puliti, Regional Vice President of Asia & the Pacific: Discussions focus on advancing renewable energy goals, electricity sector reforms, and financing challenges: Minister Kanchana Wijesekara highlights the need for innovative risk-mitigating tools for renewable energy projects: The presence of IFC and World Bank officials demonstrated their commitment to supporting Sri Lanka’s energy transition.
  6. During a meeting at the ADB Annual Meeting in Georgia, ADB President Masatsugu Asakawa assures Sri Lanka of continued support for its development efforts: Finance State Minister Shehan Semasinghe conveys Asakawa’s commendation for Sri Lanka’s economic progress and governance initiatives outlined in a diagnostic report by President Ranil Wickramasinghe’s government.
  7. The Meteorology Department issues a warning stating that the heat index, which measures the temperature felt on the human body, will reach ‘Extreme Caution level’ in some areas of Northern, North-central, North-western, and Eastern provinces, as well as Monaragala district: Additionally, it will rise to ‘Caution level’ in certain places in Western, Sabaragamuwa, and Southern provinces: urges the public to stay hydrated, take breaks in the shade, check on the elderly and sick, avoid leaving children unattended, limit strenuous outdoor activities, and wear lightweight and light-coloured clothing.
  8. Sri Lanka and the UK will hold their second strategic dialogue on May 7, 2024, in Colombo, focusing on foreign policy, security, trade, and other bilateral engagements: This meeting follows the commemoration of the 75th anniversary of diplomatic relations between the two countries and will be led by senior officials from both sides.
  9. The Examinations Department releases the re-scrutiny results for the 2022 (2023) General Certificate of Education Ordinary Level (O/L) Examination: A total of 49,312 candidates applied for re-scrutiny, leading to the examination of 250,311 responses: The results are available on the official websites of the Ministry of Education, and individuals can contact the Examinations Department for further information.
  10. The SLBFE says over 2,771 Sri Lankans have headed to Israel for employment in sectors like construction and healthcare in the past four months, with plans to send more workers later this year: The Sri Lankan and Israeli governments signed an MoU to facilitate these opportunities: Additionally, the government aims to send around 350,000 skilled workers abroad, focusing on Middle Eastern and European countries, and plans to expand vocational training facilities to meet this demand.

Opposition demands probe into VFS Global ‘monopoly’ in SL’s visa services

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May 05, Colombo (LNW): The Parliament of Sri Lanka must immediately investigate into the ongoing monopoly by VFS Global for visa services in Sri Lanka, said Opposition MP (Dr.) Harsha De Silva.

In a statement, Silva questioned the justification behind paying what he termed as ‘monopoly rent’ amounting to approximately Rs. 18 billion over the next twelve months, and highlighted that the total fees per visa amount to US$ 25.77.

This prompts scrutiny into the terms of reference (TOR) specified for such services, the Samagi Jana Balawegaya (SJB) MP emphasised.

The Opposition’s concerns centre on the lack of transparency surrounding the cost of service provided by VFS Global, a company that facilitates visa application processes for various countries.

Dr. Silva called into question whether alternative options were thoroughly reviewed before entrusting VFS Global with this responsibility.

The Opposition MP also urged Parliament to take swift action to probe the circumstances surrounding the agreement with VFS Global.

He further stressed that this matter has never been referred to the Parliament Committee on Public Finances (CoPF) which considers matters related to public finances.

He, therefore, clarified that the problem is far worse in the backdrop of data entry and billing being not transparent.

The issue raises broader questions about the government’s approach to outsourcing essential services and the need for comprehensive oversight mechanisms to safeguard public interests. 

As Sri Lanka grapples with economic challenges and strives to enhance governance standards, it is imperative to address concerns related to procurement practices and ensure that public funds are utilised efficiently and effectively.

IFC and WB officials visit Sri Lanka to discuss renewable energy and electricity sector reforms

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May 05, Colombo (LNW): On May 3, 2024, the Ministry of Power and Energy welcomed a high-level delegation from the International Finance Corporation (IFC), led by Riccardo Puliti, the Regional Vice President of Asia & the Pacific.

This visit signified a significant step towards bolstering collaboration between Sri Lanka and global financial institutions in advancing renewable energy goals and electricity sector reforms.

The meeting was marked by discussions on various key areas, including ongoing electricity sector reforms, progress in renewable energy targets and implementation programmes, challenges in financing renewable energy projects, and the development of renewable energy infrastructure.

Power and Energy Minister Kanchana Wijesekara, along with other officials, engaged in productive dialogues aimed at addressing critical issues and exploring avenues for cooperation.

We discussed the ongoing electricity sector reforms and its progress, renewable energy targets and implementation programme, challenges in financing renewable energy projects & renewable energy infrastructure development, risk mitigating tools that can be extended by IFC and World Bank,” Wijesekara wrote on his ‘X’ handle.

Among the topics deliberated were the impediments faced in financing renewable energy projects and the need for innovative risk-mitigating tools to facilitate investment in this sector.

The presence of Imad Fakhoury, Regional Director South Asia for IFC, and Faris Hadad, Country Director for World Bank, underscored the commitment of these institutions to supporting Sri Lanka’s energy transition and sustainable development agenda.

The discussions were marked by a spirit of collaboration and a shared commitment to overcoming challenges and harnessing opportunities in the renewable energy sector.

The engagement of country managers and other officials from both the World Bank and IFC further enriched the exchange of ideas and perspectives.

ADB reaffirms its steadfast commitment to supporting SL’s development initiatives

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May 05, Colombo (LNW): The Asian Development Bank (ADB) has reaffirmed its steadfast commitment to supporting Sri Lanka’s development initiatives.

This assurance came during a discussion between President of the ADB Masatsugu Asakawa and Finance State Minister Shehan Semasinghe, held on the sidelines of the ADB Annual Meeting in Tbilisi, Georgia.

Mr. Asakawa commended President Ranil Wickramasinghe and the government for the consistent progress made in the economy and the action plan outlined in the governance diagnostic report, State Minister Semasinghe said on his official ‘X’ handle.

During our discussion, highlighted reforms that have been implemented to enhance economic stability, foster growth, and strengthen governance. Further, discussed the progress of the debt restructuring process. Indicated our wish to reach out to the ADB to seek support for the implementation of the transformative initiatives as outlined in our Climate Prosperity Plan. Mr. Asakawa reiterated the ADB’s unwavering steadfast commitment to support Sri Lanka,” Semasinghe wrote.

Warning issued as Heat Index reaches extreme levels across many provinces

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May 05, Colombo (LNW): Heat index, the temperature felt on human body is expected to increase up to ‘Extreme Caution level’ at some places in Northern, North-central, North-western and Eastern provinces and in Monaragala district and that values, expected to increase up to ‘Caution level’ at some places in Western, Sabaragamuwa and Southern provinces, the Natural Hazards Early Warning Centre of the Department of Meteorology said in a warning statement.

The public, therefore, is urged to stay hydrated and take breaks in the shade as often as possible, check up on the elderly and the sick, never leave children unattended,limit strenuous outdoor activities, find shade and stay hydrated, and wear lightweight and white or light-coloured clothing.

SL delegation joins Indian electoral programme: Strengthening bilateral ties through democratic collaboration

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May 05, Colombo (LNW): The Indian High Commission has announced the commencement of the International Election Visitor Programme (IEVP) organised by the Election Commission of India amidst the ongoing Lok Sabha 2024 elections, scheduled from May 4 to May 9, 2024.

A 10-member delegation from Sri Lanka will partake in the programme, a statement from the Indian High Commission disclosed.

This delegation comprises two representatives from the Election Commission of Sri Lanka and eight from PCOI (Presidential Commission of Inquiry to Make Recommendations for Election Law Reforms).

The IEVP serves as a vital platform for international election management bodies (EMBs) and organisations involved in the electoral field to gain insights into the robustness of India’s electoral system and to learn about the best practices adopted in the world’s largest democracy.

Previously, the Election Commission of India organised similar programmes during the Lok Sabha Elections in 2014 and 2019, aimed at familiarising foreign EMBs and international organisations with India’s electoral processes.

The programme encompasses briefing sessions covering various topics such as an overview of elections in India, EVMs & VVPAT, IT initiatives, and media and social media outreach.

Furthermore, participants will have the opportunity to travel to different states in groups to observe election procedures and witness polling in various stations.

This year, the Election Commission of India has extended invitations to 55 EMBs and organisations to participate in the IEVP 2024.

The programme offers a unique opportunity for participants to observe and interact with various stakeholders involved in the electoral process, thereby fostering greater understanding and collaboration in the realm of election management.

Through initiatives like the IEVP, both countries aim to promote transparency, integrity, and inclusivity in their respective electoral processes, contributing to the advancement of democratic principles and practices regionally and globally.

Japan to resume stalled projects in Sri Lanka following bilateral agreement

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May 05, Colombo (LNW): Japanese Foreign Minister Yoko Kamalkawa announced that Japan will recommence yen loan projects in Sri Lanka after the island nation formalises a deal with its bilateral lenders.

Minister Kamalkawa made these remarks after meeting with her Sri Lankan counterpart Ali Sabry in Colombo.

“Stability and economic development in Sri Lanka, strategically located in the Indian Ocean, are crucial for the stability and prosperity of the entire Indo-Pacific region,” stressed Minister Kamalkawa during a briefing in Colombo.

She further expressed Japan’s expectation for the prompt signing of Memorandums of Understanding (MOUs) between the Officials Creditor Committee (OCC) and Sri Lanka, highlighting Japan’s co-chairmanship of the OCC.

“We stress the importance of reaching a debt restructuring agreement with all creditors transparently and comparably,” she added.

Minister Kamalkawa also conveyed Japan’s intention to resume existing yen loan projects swiftly following the signing of the MOU on debt restructuring and confirmation of the Sri Lankan government’s intent to conclude a bilateral agreement.

Diplomatic relations between Japan and Sri Lanka faced challenges after former President Gotabaya Rajapaksa unilaterally cancelled a $1.5 billion railway project.

President Ranil Wickremesinghe apologised to the Japanese government for this cancellation during his visit to Japan in May last year.

While Minister Kamalkawa did not specify if the cancelled Light Rail Transit (LRT) project would be among those resumed post-MOU signing, she underscored the importance of various reforms undertaken by Sri Lanka for the re-normalisation of its economy.

Furthermore, Japan, advocating for a “Free and Open Indo-Pacific,” plans to bolster maritime cooperation with Sri Lanka.

As part of this initiative, Japan will provide Sri Lanka with a vessel equipped with sonar technology for data compilation and charting, upon Sri Lanka’s request.

Related news:

Japan commits to enhancing SL’s oceanographic capabilities with advanced vessel technology

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May 05, Colombo (LNW): The Japanese government has recently concluded a plan aimed at enhancing Sri Lanka’s oceanographic survey capabilities by providing a vessel equipped with advanced underwater sonar technology.

This initiative was disclosed by Japanese Deputy Press Secretary Kaneko Mariko.

During a bilateral discussion between Japanese Foreign Minister Yoko Kamikawa and Sri Lankan officials held on Saturday, Minister Kamikawa formally conveyed Japan’s decision to provide this assistance to Sri Lanka.

Under this plan, the Japanese government will furnish Sri Lanka with a vessel integrated with a state-of-the-art sonar system, totalling approximately 01 billion Yen in value.