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Australia says its SL friendship is friendly but aggressive on cricket field

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By: Staff Writer

Colombo (LNW): Australia says its friendship with Sri Lanka is friendly but fierce on the cricket field.

This was stated by Australia’s Assistant Minister for Foreign Affairs, Tim Watts MP, when he signed the renewed Memorandum of Understanding (MoU) on Cooperation in Sports between Sri Lanka and Australia, together with Sri Lanka’s Minister of Sports and Youth Affairs, Roshan Ranasinghe MP.

The signing of the MoU will further strengthen the longstanding sporting ties between Sri Lanka and Australia. It will encourage cooperation on areas including coach education, training, sports science and medicine, gender equality in sports, and anti-corruption and anti-doping practices, the Australian High Commission in Colombo said.

Following the signing, Assistant Minister Watts tested his cricket skills with members of Sri Lanka’s national women’s and men’s teams.

He also reflected on the shared sporting history at the Sri Lanka Cricket Museum with Sri Lankan cricketing legend Aravinda de Silva and representatives of Sri Lanka Cricket.

“Sport is a shared passion and links us together, highlighted by our friendly but fierce rivalry on the cricket field, and I am pleased to renew the Memorandum of Understanding in Sports Cooperation between Australia and Sri Lanka,” Tim Watts said.

Sri Lanka Sports Minister Roshan Ranasinghe said that whatever the sporting rivalry is, he looks forward to cooperating under the MOU to find and nurture Sri Lankan and Australian talent.

He says it will provide the framework to work together to get the best out of the athletes and showcase them to the world

he 2017 Australia-Sri Lanka Trade and Investment Framework Arrangement (TIFA) advances economic cooperation between Australia and Sri Lanka.

Under TIFA, the Joint Trade and Investment Committee (JTC) strengthens our economic relationship, including facilitating market access and investment. This makes it easier for Australian and Sri Lankan businesses to trade and invest with each other.

Total two-way goods and services trade between Australia and Sri Lanka was valued at $1.3 billion in 2021, with Australian exports driven by education services and agricultural products. Australia’s total investment in Sri Lanka was $92 million in 2021, and Sri Lanka’s total investment in Australia was $50 million.

Prior to the COVID-19 pandemic, Sri Lanka was ranked the twentieth most popular tourist destination for Australians, with Australia the fifth largest source of tourists to Sri Lanka.

Australia supported Sri Lanka to deliver a national tourism development strategy. It has continued to support tourism recovery and resilience in Sri Lanka since the 2019 Easter Sunday attacks.

India extends new funding under G2G agreement to boost economy

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By: Staff Writer

Colombo (LNW): India has committed to providing additional funds to Sri Lanka for the speedy completion of nine development projects in the country.

This pledge was given by India’s Minister of External Affairs, Dr. S. Jaishankar when he met h President Ranil Wickremesinghe at the Presidential Secretariat yesterday.

Extensive discussions were held to further strengthen Indo-Sri Lankan relations, resulting in the signing of three new bilateral agreements aimed at enhancing cooperation between the two countries, official sources said.

Furthermore, the inauguration of the third phase of the housing project, supported by Indian loan assistance, was conducted during the meeting.

While an initial allocation of Rs. 1.026 million had been made per unit for the fourth phase, it was necessary to revise the budget to Rs. 2.8 million per unit due to increased housing unit costs, Indian officials said.

To uplift the lives of Sri Lankan citizens, the Government of India has committed to providing additional funds for the speedy completion of nine development projects in the country, which are currently supported by the Government of India.

The relevant agreement for this initiative was also signed today, the President’s Media Unit said.

These projects include the modernization of 27 schools in the Northern Province, housing initiatives in Mannar and Anuradhapura, improvements to the Hatton Thondaman Vocational Training Centre and Pussellawa Saraswati Central College,and the construction of a multi-ethnic trilingual school in Polonnaruwa.

The establishment of 2889 rainwater harvesting projects in the Jaffna area, the promotion of vegetable cultivation in the Dambulla area and the construction of greenhouse facilities with a capacity of 5000 metric tons for fruit preservation were among the other projects.

Additionally, a new surgical unit for the Batticaloa Teaching Hospital will be promptly built as part of these efforts.

An agreement concerning a joint project involving the Indian National Dairy Development Board, the Gujarat Cooperative Milk Marketing Federation of India (Amul), and the Cargills Group of Sri Lanka was signed with the aim of elevating Sri Lanka’s local dairy industry.

This agreement emerged as a result of President Ranil Wickremesinghe’s official visit to India and allocation of funding for the modernization of Sri Lanka’s livestock sector.

The primary objective of this new project is to increase milk production by 53% within the first five years and achieve self-sufficiency in milk production for Sri Lanka within 15 years.

As part of this endeavour, it is anticipated that approximately 200,000 local farmers will be empowered through the provision of facilities such as high-quality medicines, animal nutrition and technical support.

Furthermore, this initiative encompasses digitalization of the livestock sector, investments in new technologies to enhance the quality of milk-related by-products and ensuring access to milk-related products at affordable prices.

In addition to this significant agreement, a special commemorative logo was unveiled today to celebrate the 75 years of Indo-Sri Lankan relations.

Sri Lankan exporters explored new trade avenues in the UK market

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By: Staff Writer

Colombo (LNW): Leading Sri Lankan exporters explored new opportunities in the UK market, which absorbs 10% of Sri Lanka’s exports.

On an initiative of the Sri Lanka High Commission in London, a twelve-member business delegation representing the National Chamber of Exporters of Sri Lanka (NCE) visited the United Kingdom from 11 to 16 September 2023.

The visit was aimed at further fostering trade and investment ties between the two countries.

he delegation headed by Secretary General of the NCE Shiham Marikar, comprised representatives of leading Sri Lankan exporting companies i.e., Imperial Teas, Link Natural Products, LAUGFS Rubber Corporation, City Cycle Industries, Fanam International, Ruhunu Lanka Minerals, Senikma Holdings and Stay Naturals.

The High Commission facilitated key engagements for the delegation during the visit. On 13 September, the High Commission, in coordination with the Sri Lanka-UK Chamber of Commerce (SL-UKCC) organized a B2B session followed by a networking reception at the high commission premises.

Over 50 UK businesses including representatives from the UK Department for Business and Trade and the Commonwealth Enterprise and Investment Council participated in the event.

Addressing the gathering, High Commissioner Saroja Sirisena expressed appreciation to the representatives of the UK companies for attending the B2B meetings and supporting Sri Lanka at a crucial juncture when the country is emerging from its economic crisis.

Noting that Sri Lanka’s exports to the UK is approximately USD 1 billion with a global share of nearly a 10%, she added that the new and expanded product coverage under the recently implemented UK-DCTS has created a window of opportunity for Sri Lankan exporters and requested those present to utilise its benefits to the maximum.

On 14 September 2023, the High Commission, in partnership with the Greater Birmingham Chambers of Commerce (GBCC), organised a separate B2B session and a networking lunch for the delegation at the GBCC.

The B2B session was followed by company visits to Birmingham Wholesale Market and Birmingham International Airport. With a view to expanding trade and investment links between Greater Birmingham and Sri Lanka and to endorse NCE’s Ethical Trading Certificate (ETC), two MoUs were signed between the two chambers during the visit.

The high commission also facilitated meetings between the NCE and the UK Ethical Trading Initiative (ETI) and UK Commercial Horticultural Association (CHA) on 12 September and 15 September respectively as well as individual meetings with leading UK companies and visit to the “Specialty & Fine Food Fair” at Olympia London on 11 & 12 September 2023.

IMF unawares of Sri Lanka pacts with creditor nations including China

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By: Staff Writer

Colombo (LNW): Despite the IMF unawareness of China’s pledge to ease Sri Lanka’s debt, the Chinese government has assured that it remains ready to work together with all relevant international financial institutions to jointly play a positive role in helping Sri Lanka ease its debt burden and achieve sustainable development.

Speaking during his regular press briefing on Tuesday (10), China’s Foreign Ministry Spokesman Wang Wenbin explained that as Sri Lanka’s friend and neighbor, China closely follows the difficulties and challenges faced by the island nation, adding that, “We have been doing what we can to assist in its economic and social development”.

Meanwhile the International Monetary Fund ( IMF) says that it has not yet been informed about any specific agreements that have been reached with Sri Lanka by creditor nations including China.

His comment was in response to the query raised to IMF spokesperson with regard to the reports that suggested that China had reached a tentative agreement with Sri Lanka.

Peter Breuer, Senior Mission Chief for Sri Lanka in a statement said, “We know discussions between Sri Lanka and all its creditors have been ongoing.

“We have not yet been informed about any specific agreements. We will need to assess the entire package of agreements in its totality to assess consistency with IMF debt targets”

The Export-Import Bank of China recently came to a preliminary agreement with Sri Lanka to address China-related debts, reported international media on Tuesday (11).

The announcement was made during a routine press meeting in Beijing, responding to queries about the aid Beijing is extending to Colombo.

He said China’s relevant financial institutions have been in close touch with Sri Lanka on the debt issue involving China since last year, and that they have engaged in active bilateral consultations and provided a financing support document to Sri Lanka in a timely manner to help it obtain loans from the IMF.

“Chinese financial institutions has taken part in all the creditors’ meetings as an observer and maintained friendly communication with other creditors to share with them the progress of the debt treatment”, Wenbin said, when asked how China has aided Sri Lanka’s debt restructuring process.

Commenting on the progress made pertaining to bilateral debt treatment, Wenbin reminded that in late September, as the official creditor, the Export-Import Bank of China tentatively agreed with Sri Lanka on the debt treatment.

“We are also glad to see that other creditors are having discussions with Sri Lanka as well over solutions to its debt issue”, he further commented.

Accordingly, he assured that they will support Chinese financial institutions in actively consulting with Sri Lanka.

“We are ready to work with relevant countries and international financial institutions to jointly play a positive role in helping Sri Lanka navigate the situation, ease its debt burden and achieve sustainable development.

We call on multilateral institutions and commercial creditors to take part in Sri Lanka’s debt restructuring based on fair burden-sharing”, he said in this regard.

Sri Lanka enters terms with China’s Exim Bank on US $4.2 bn liability

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Colombo (LNW): The Finance Ministry has declared a preliminary agreement with the Export-Import Bank of China concerning debt principles and terms.

This understanding involves roughly US $ 4.2 billion of the existing debt.

The Ministry believes this arrangement is instrumental in reinforcing Sri Lanka’s debt sustainability and will accelerate economic revival.

The government expects this significant progress to enhance discussions with the Official Creditor Committee and other commercial creditors, including bondholders.

Moreover, this development is anticipated to expedite the International Monetary Fund (IMF) Executive Board’s endorsement of the ongoing review, enabling the disbursement of the subsequent IMF finance segment of around US $ 334 million, the Ministry stated.

India pledges extra funding for nine Sri Lankan initiatives

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PMD: India’s Foreign Secretary, Dr S. Jaishankar, convened with President Ranil Wickremesinghe today (11) at the Presidential Secretariat in London.

Detailed conversations took place to bolster Indo-Sri Lankan ties, culminating in the signing of three bilateral pacts to augment cooperation between the two nations.

Moreover, the inauguration of the third phase of the housing project, backed by Indian financial support, occurred during this meeting. An initial allocation of Rs. 1.026 million was earmarked per unit for the fourth phase; however, due to escalating housing costs, it was essential to adjust the budget to Rs. 2.8 million per unit.

With an aim to improve the lives of the Sri Lankan populace, the Indian Government has pledged further funds for the expedited conclusion of nine development schemes in the country, all currently under the aegis of the Indian Government. The associated agreement for this initiative was also finalised today.

These initiatives encompass the upgrade of 27 schools in the Northern Province, housing projects in Mannar and Anuradhapura, enhancements to the Hatton Thondaman Vocational Training Centre and Pussellawa Saraswati Central College, the creation of a multi-ethnic trilingual school in Polonnaruwa, the launch of 2889 rainwater harvesting schemes in the Jaffna district, vegetable cultivation promotion in the Dambulla district, and the erection of greenhouse facilities with a 5000 metric ton capacity for preserving fruits. In addition, a new surgical wing for the Batticaloa Teaching Hospital will swiftly be constructed as a part of these endeavours.

A collaborative agreement was formalised, involving the Indian National Dairy Development Board, the Gujarat Cooperative Milk Marketing Federation of India (Amul), and Sri Lanka’s Cargills Group, to enhance Sri Lanka’s domestic dairy sector. This pact was a direct result of President Ranil Wickremesinghe’s formal trip to India and the earmarking of funds for modernising Sri Lanka’s livestock sector.

The chief aim of this project is to boost milk production by 53% in the initial five years, striving for Sri Lanka’s self-sustainability in milk production over 15 years. In line with this effort, roughly 200,000 local farmers are expected to benefit from amenities like premium medicines, animal nutrition, and technical assistance.

This scheme also incorporates the digitisation of the livestock industry, infusions in innovative technologies to augment the quality of dairy derivatives, and assuring affordable access to dairy products.

Beyond this pivotal agreement, a unique emblem was introduced today, commemorating 75 years of Indo-Sri Lankan relations.

Attending the signing were the Indian High Commissioner to Sri Lanka, Mr Gopal Baglay, Union Secretaries of the Indian Foreign Office Mr Puneeth Agrawal and Mr J. P. Singh, Indian Deputy High Commissioner to Sri Lanka Dr Satyanjal Pandey, and Indian Foreign Office Deputy Secretary Mr Raghu Puri.

From the Sri Lankan delegation, notable attendees were Foreign Secretary Mr Ali Sabri PC, Minister Jeevan Thondaman, State Secretary Tenuka Widanagamage, MP M. Rameswaran, Senior Advisor to the President on National Security and the President’s Chief of Staff Mr Sagala Ratnayaka, Senior Economic Advisor to the President Dr R.H.S. Samaratunga, President’s Secretary Mr Saman Ekanayake, Foreign Office Secretary Ms Aruni Wijewardena, Director of Presidential International Relations Mr Dinuk Colombage, amongst other dignitaries.

Sri Lanka Original Narrative Summary: 12/10

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  1. IMF’s Senior Mission Chief Peter Breuer says the IMF has not been informed of a deal between the Exim Bank of China and SL: asserts the IMF will have to “look at all credit agreements to decide on their adequacy to reach targets”: Asst Director of IMF Fiscal Affairs Era Dabla-Norris reiterates that “burden sharing is one that is negotiated between countries & creditors, and whatever the outcomes are, they have to be consistent with IMF program targets”.
  2. Terrorism expert Dr Rohan Gunaratna contradicts the Catholic Bishops’ Conference: observes that reports by various international agencies & secret services of countries like India, China, Australia and Pakistan on 2019 Easter Sunday attacks are classified, and thus, cannot be made public.
  3. Catholic Church in SL send a fresh letter to President Ranil Wickremesinghe calling for a “local probe” to clear certain shortcomings that are visible in the previous probes into the Easter Sunday attacks: letter signed by several Bishops, including Cardinal Malcolm Ranjith.
  4. Think-tank advisor Rohan Samarajiva says SL should speed up the divestment of state enterprises “to reduce the burden on the people”, before the momentum for reform recedes: also says it is not the opportune time for this kind of reforms, since it is likely that 2024 will be an election year.
  5. SL assumes the chairmanship of the Indian Ocean Rim Association at the 23rd IORA Council of Ministers: SL is a founding member of IORA, established in 1997, & previously served as its Chair from 2003 to 2004.
  6. Top Opposition spokesperson Professor G L Pieris says the Opposition is agreeable for the abolition of the executive presidency if parliamentary election could be held instead.
  7. Ministry of Health officials say the rapid spread of an eye infection called Conjunctivitis has been reported from several parts of the country: asks the public not to have undue fears, but outlines safety measures to minimize the infection: further confirms that the eye infection poses no health threat.
  8. President Ranil Wickremasinghe says there’s more to SL’s parliament than what’s seen by the public, with much work being done in Committee rooms: also says some MPs have a tendency to “perform” in the lobby for the cameras, and go beyond the limit when it comes to “acting”.
  9. Elections Commission issues gazette announcing the appointment of Ali Zahir Moulana Seiyad of the SLMC to the vacant MP slot in the Batticoloa district, following the judicial disqualification of the Parliamentary seat of former Minister Ahamed Zainulabdeen Nazeer.
  10. Australia’s Womens Big-Bash League side “Sydney Thunder” announces the signing of SL Women’s Cricket skipper Chamari Athapaththu, 33, for the WBBL 2023–24 season: previously, she had represented “Perth Scorchers”.

Special guidelines aim to enhance Public Service sociability and efficiency

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PMD: Jagath Kumara, Chairman of the Sectoral Oversight Committee on Open and Responsible Government, has unveiled plans to refine public institutions in Sri Lanka and introduce more user-friendly guidelines.

He highlighted the importance of gathering insights from the public, governmental officials, and academics in shaping these guidelines.

Mr Kumara shared these plans during a press conference at the Presidential Media Centre, focusing on the theme ‘Collective Path to a Stable Country’. Here, he discussed the committee’s role in addressing challenges linked to governmental transparency and accountability.

He underlined the necessity for government bodies to deliver efficient and transparent services to the public. The committee has liaised with a range of institutions, including the Pension Department, Police Department, Independent Commissions, Finance Commission, and Election Commission, to enhance their service provisions.

Mr Kumara stressed the significance of ensuring governmental institutions remain accountable and are easily accessible to the populace.

“Furthermore, the committee has recommended regulations surrounding the allocation of funds to provincial councils via the Finance Commission. Discussions also centred around the performance of the police force, crime deterrence, and drug control strategies.

The committee’s primary ambition is to draft a comprehensive set of guidelines aimed at bolstering democracy and boosting the transparency of government bodies. These guidelines strive to enhance the responsiveness of these institutions to the needs of the public.

These guidelines have been crafted by consolidating insights from a myriad of stakeholders, including governmental officials under the leadership of the President’s Secretary, the University Grants Commission, scholars, and the general public. It’s imperative for all involved parties to fulfil their duties with utmost transparency. Mere allegations won’t foster national growth; thus, we must proceed with integrity and strategic planning.

Sincerity and strategic insight are crucial for the nation’s progression. In addition, collaboration with media outlets is of utmost importance. With accountable media operations, a significant contribution can be made to the nation’s trajectory towards a brighter future.

Additionally, our country has a notable number of disabled individuals who face obstacles during elections. Initiatives are underway to provide these individuals with specialised ID cards, streamlining their voting process.

Moreover, the expenditure to import voting ink is quite high. As the National Identity Card has become compulsory, curtailing election-related costs has emerged as a top priority. The committee recommends the inception of a dedicated scheme to realise this aim.”

Today’s (Oct 12) weather: Heavy showers above 75 mm expected

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By: Isuru Parakrama

Colombo (LNW): Showers or thundershowers will occur over most parts of the island during the afternoon or night, and fairly heavy showers above 75 mm can be expected at some places in Uva, Central, Sabaragamuwa, and Easten provinces, the Department of Meteorology said in its daily weather forecast today (12).

Showers will occur at times in Galle and Matara districts during the morning and a few showers may occur in coastal areas of western province during the morning too, the statement added.

The general public is kindly requested to take adequate precautions to minimise damages caused by temporary localised strong winds and lightning during thundershowers.

Marine Weather:

Condition of Rain:
Showers or thundershowers will occur at several places in the sea area extending from Colombo to Hambantota via Galle. Showers or thundershowers may occur at a few places in other sea areas around the island, particularly during afternoon or night.
Winds:
Winds will be southerly to south-westerly and wind speed will be (20-30) kmph. Wind speed can increase up to 40kmph at times in the sea areas off the coast extending from Puttalam to Kankasanthurai via Mannar.
State of Sea:
The sea areas off the coast extending from Puttalam to Kankasanthurai via Mannar will be moderate. Temporarily strong gusty winds and very rough seas can be expected during thundershowers.

ADB open to supporting upcoming projects in SL over the next 05 years

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Colombo (LNW): The Asian Development Bank (ADB) has assured Sri Lanka of its positive stance towards new project proposals during a discussion with the country’s Prime Minister, Dinesh Gunawardena.

The focus of the discussion was Sri Lanka’s projected financial needs for upcoming projects over the next five years.

Recognising the nation’s swift economic rebound after a recent downturn, the ADB expressed interest in supporting projects related to digitalisation, IT, public transport, education, water management, and SME development.

The Prime Minister lauded ADB’s consistent support and outlined the government’s recent economic strategies.

The ADB team highlighted their strategic projects for Sri Lanka, with ADB’s Country Director emphasising the board’s upcoming evaluations and site visits.

The meeting was attended by significant figures from both the ADB and the Sri Lankan government.