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SL enforces moratorium on foreign research vessels: German ship ‘Sonne’ granted port access for replenishment

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March 21, Colombo (LNW): Sri Lanka has imposed restrictions on research operations for the German vessel ‘Sonne’ as part of a one-year moratorium on such activities involving foreign ships within its Exclusive Economic Zone (EEZ).

However, a report by Daily Mirror disclosed that the vessel will be permitted to undergo replenishment activities at the Colombo port.

The decision to implement a moratorium on foreign research vessels entering Sri Lankan waters for a duration of one year stems from concerns raised by neighbouring India regarding the presence of Chinese research vessels in the region.

This move follows China’s request for the deployment of another research vessel, prompting heightened vigilance in the Indian Ocean, according to report.

Notably, Chinese research ship Shi Yan 6 made port calls at the Colombo port for an extended period in October of the previous year.

Additionally, in 2022, the navy vessel Yuan Wang 5 was docked at Hambantota in southern Sri Lanka. Subsequently, China sought permission for its scientific research vessel Xiang Yang Hong 3 to conduct “deep water exploration” in the south Indian Ocean from January 5, 2024.

However, the Sri Lankan government declined the request in adherence to the newly established regulations, leading to expressions of discontent from China.

It is worth mentioning that Germany had sought permission for its vessel even before Sri Lanka announced the imposition of new regulations.

Nevertheless, with the moratorium now in effect, the Sri Lankan government has prohibited research activities for foreign vessels, including the German vessel ‘Sonne.’

President foresees potential dip in Dollar rate to Rs. 280, anticipates economic relief ahead

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March 21, Colombo (LNW): President Ranil Wickremesinghe expressed optimism regarding the trajectory of the Dollar rate, anticipating a potential decline to Rs. 280 by June of the current year.

Highlighting the anticipated impact of this exchange rate adjustment, President Wickremesinghe underscored the potential for reduced commodity prices as a result of the Dollar rate decrease.

Moreover, the President conveyed his expectation for the continued strengthening of the Sri Lankan rupee into the following year, indicating a positive outlook for the country’s currency stability.

Addressing Sri Lanka’s recent economic challenges, President Wickremesinghe acknowledged the arduous path traversed by the nation, emphasising the necessity of making difficult decisions to navigate through the crisis.

Nevertheless, he expressed confidence that Sri Lanka has now reached a pivotal juncture where measures can be implemented to provide alleviation from the prevailing economic strains.

These remarks were made by President Ranil Wickremesinghe during the inauguration ceremony of the Bodhigara and Golden Fence, erected near the revered Mangedara Tempita Viharaya in Kegalle, held yesterday (20).

Minimal return of migrated doctors challenges Health Ministry’s claims, sparks scepticism

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March 21, Colombo (LNW): Contrary to assertions made by the Health Ministry regarding the repatriation of migrated doctors to Sri Lanka, recent statistical data presents a starkly different reality, revealing a minimal influx of only five specialists returning to the country this year.

The initial claim, put forth by Deputy Director General (Medical Services) Dr. G. Wijesuriya, lacked substantiation with concrete statistics, thereby inviting skepticism, particularly in light of the discrepancy evident in the data.

Dr. Wijesuriya, amidst scrutiny, maintained a stance suggesting a reversal in the trend of doctors, especially those pursuing postgraduate training abroad, opting to return to Sri Lanka.

He remarked, “Though not in significant numbers, we are witnessing a gradual return of migrated doctors to the country.”

However, the factual representation stands in contrast to this assertion. Merely a handful of specialists, including a Gynaecologist (VOG), Surgeon, Anaesthetist, Pediatrician, and Ophthalmologist, have indeed returned, indicating a marginal shift rather than a substantial repatriation.

In response to this situation, Dr. Ananda Wijewickrama, President of the Sri Lanka Medical Association (SLMA), expressed skepticism, contending that the return of five specialists cannot be construed as a significant improvement, particularly considering the substantial exodus of doctors witnessed last year.

According to available statistics, nearly 450 specialists have migrated since the latter part of 2022, with an additional 785 specialists slated to depart overseas for further training.

Meanwhile, Dr. Ashoka Gunaratne, media spokesperson for the Association of Medical Specialists (AMS), voiced apprehension regarding the escalating trend of medical professionals migrating abroad.

He emphasised that the AMS had not observed any notable influx of specialists returning to the country.

Dr. Gunaratne further criticised the Health Ministry for making generalised statements on such a crucial issue without providing transparent and substantiated data to support their claims.

Empowering villages: Unveiling Sri Lanka’s rural renaissance initiative led by Dhammika Perera

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March 21, Colombo (LNW): Two inaugural model villages, marking the commencement of the Action Plan “Pohosath Gamak – Pohosath Ratak” (A Rich Village – A Rich Country), spearheaded by Sri Lanka Podujana Peramuna (SLPP) MP Dhammika Perera, are set to be unveiled next month.

The initiative aims to fortify the rural economy, thereby propelling the nation towards economic recovery amidst prevailing challenges.

The first two model villages will be strategically located in the Alavathugoda area of the Kandy district and the Bibila area of the Monaragala district.

These pilot projects serve as tangible manifestations of Mr. Perera’s comprehensive action plan, meticulously crafted to encompass 20 pivotal steps.

These steps span across various domains including education, healthcare, agriculture, industry, information technology, transportation, and foreign employment.

With a vision to cultivate prosperity at the grassroots level, the Action Plan “Pohosath Gamak – Pohosath Ratak” aims to foster holistic development within rural communities.

These model villages are poised to serve as catalysts for socio-economic upliftment, fostering sustainable growth and resilience within these regions.

The Action Plan of “Pohosath Gamak – Pohosath Ratak” (A Rich Village – A Rich Country):

  1. Establishment of Community Kitchens: To address food insecurity among vulnerable households, the government will initiate the establishment of community kitchens in every village. These kitchens, strategically located in public spaces such as temples, churches, or kovils, will provide meals to impoverished families who struggle to afford basic sustenance. The government will allocate 50 per cent of the operational costs, with the remaining funds sourced from village philanthropists, societies, and corporate entities. This collaborative effort aims to ensure no family goes hungry within the community.
  2. Enhancement of Village Pre-schools: In alignment with global standards of early childhood education, village pre-schools will undergo a transformation to provide children with an enriching learning environment. Equipped with modern amenities including tables, chairs, and educational toys, these pre-schools will mirror the educational infrastructure seen in developed countries like the United States. Furthermore, the introduction of smart classrooms featuring digital screens will facilitate interactive learning experiences for children, fostering their cognitive development during the critical early years. Because 90 per cent of children’s brain development concludes between birth and 5 years of age, it is very important to provide such education. Recognising the pivotal role of educators, teachers overseeing these pre-schools will receive a stipend of Rs. 1,500 per child enrolled, incentivising the delivery of high-quality education.
  3. Implementation of Smart Classrooms in Village Schools: To bridge the education gap between rural and urban areas, village schools will be outfitted with state-of-the-art smart classrooms, mirroring the educational standards observed in prestigious urban institutions. Through this initiative, students in rural villages will have access to the same caliber of education imparted to their urban counterparts. Leveraging technology, these smart classrooms will enable students to learn from top-tier educators across Sri Lanka, fostering academic excellence and equitable access to quality education.
  4. Promotion of One Village One Product Concept: Under the “One Village One Product” initiative, each village will be empowered to specialise in the production of a distinct commodity, ranging from ornamental fish to coconut-based products. By equipping women and youth with the necessary knowledge and resources, this initiative aims to generate sustainable livelihoods within rural communities. The standardised production of a single product streamlines marketing efforts, facilitating bulk sales and ensuring fair prices for both producers and buyers.
  5. Adoption of One Crop per Village Concept (Colonial Crops): In alignment with local climate and soil conditions, each village will cultivate a designated crop, fostering agricultural sustainability and economic resilience. This “One Crop per Village” aka Colonial Crops concept enables families to earn supplemental income through the cultivation of long-term harvest crops such as coffee, mangoes, and coconuts. By collectively cultivating a single crop, villages streamline production and enhance marketability, ensuring a steady income source for residents.
  6. Establishment of Economic Centres in Samurdhi Bank Areas: To empower local entrepreneurs and promote economic self-sufficiency, small-scale economic centers will be established within Samurdhi Bank areas. These centres will serve as retail hubs, enabling residents to sell locally produced goods such as vegetables, fruits, dried fish and arecanuts. By providing a platform for direct sales, these centres empower residents to leverage their entrepreneurial skills and contribute to local economic growth.
  7. Implementation of Free Wifi Zones: To bridge the digital divide and promote digital inclusivity, free Wifi zones will be established in every village. These Wifi zones, located in religious or public spaces, will provide villagers with access to free internet facilities, facilitating online communication, education, and commerce. By democratising access to digital resources, these Wifi zones empower villagers to harness the transformative power of technology for personal and economic development.
  8. Establishment of Youth Leadership Clubs: To nurture future leaders and foster personal development among youth, youth leadership clubs will be established in each Grama Niladhari division. These clubs will provide leadership training, career guidance, and mentorship opportunities to young individuals, equipping them with the skills and confidence needed to pursue higher-paying jobs and fulfill their potential.
  9. Creation of IT Jobs and Language Schools: To address youth unemployment and enhance employability, IT jobs will be decentralised from urban centres to rural villages. Each village will be given 50 IT-related jobs and will host an IT office equipped with computers and internet facilities, creating employment opportunities for local youth. Additionally, language schools will be established to provide language proficiency training in English, Japanese, Korean, Chinese, and Italian. Leveraging smart classroom technology, these schools will offer specialised training in high-demand professions, empowering youth to secure lucrative employment opportunities both locally and internationally. These courses can be completed within six-to-nine months, thereby permanently eradicating youth unemployment.
  10. Implementation of Digital Agricultural Systems: To modernise agriculture and enhance farmer livelihoods, digital agricultural systems will be implemented in villages. These systems will provide farmers with access to essential resources such as fertilisers, seeds, and agricultural knowledge, while also facilitating the sale of their crops through digital platforms. Additionally, mobile applications will provide farmers with real-time weather forecasts, enabling them to predetermine weather-changes ten days ahead, optimise crop cultivation, resist price fluctuations and minimise crop damage and losses. Fishermen living in coastal villages will be provided with modern technology to easily predetermine fishing areas in the sea, thereby enabling them to slash their fuel costs by 50 per cent. By embracing technology, these initiatives aim to revolutionise agriculture, increase farmer incomes, and promote sustainable agricultural practices.
  11. Enhancement of Transportation Accessibility: To address transportation challenges faced by school students and parents in areas lacking Sri Lanka Transport Board (SLTB) bus services, the government will introduce season tickets for private buses operating on these routes. Additionally, parents accompanying young children to primary schools will also be eligible for season tickets at subsidised rates. For routes less than 5 kilometres without SLTB bus services, communal three-wheelers will be provided, while mini buses will serve routes exceeding 5 kilometres. Furthermore, to promote gender equality and accessibility, women will benefit from a 50 per cent fare reduction on SLTB buses during specified off-peak hours. To streamline transportation services, a dedicated smart app for rental three-wheelers will be deployed in every village, allowing users to efficiently book rides without queuing.
  12. Implementation of Elephant Fences: In regions prone to human-elephant conflict, the government will install elephant fences, utilising electric fencing technology to mitigate encounters between wild elephants and village communities. These fences will safeguard agricultural lands and residential areas, providing peace of mind to villagers and protecting both human and elephant populations from potential harm.
  13. Provision of Potable Water: To address water scarcity in rural villages, the government will undertake the construction of deep wells, ensuring access to clean and safe drinking water for residents. By implementing sustainable water infrastructure projects, the government aims to enhance public health outcomes and improve the quality of life for villagers.
  14. Promotion of Rural Tourism: In areas with tourist potential, the government will support the development of infrastructure to facilitate home stays for foreign tourists. This initiative includes the construction of attached bathrooms and other amenities to accommodate travellers within village households. Moreover, online training programmes will be offered to homeowners, imparting knowledge on maintaining hospitality standards and marketing their accommodations effectively. By promoting rural tourism, the government aims to boost local economies and create income-generating opportunities for villagers.
  15. Empowerment of Small-Scale Businesses: Through a series of targeted interventions, the government seeks to stimulate economic growth within villages and support budding entrepreneurs. The introduction of a reality TV programme titled “Startup Sri Lanka” will provide aspiring business owners with access to initial capital and mentorship opportunities. By showcasing innovative business ideas and fostering entrepreneurship, this initiative aims to catalyse economic development and create sustainable livelihoods in rural communities.
  16. Support for Religious Leaders and Pirivens: To support the religious activities of Buddhist monks and other spiritual leaders, the government will offer further education in religious doctrines and foreign languages such as English, Japanese, Korean, Chinese and Italian. Additionally, parents of monks and religious priests will receive VIP cards to expedite administrative processes. Smart classrooms will also be established in Pirivens to enhance educational outcomes and modernise religious education.
  17. Conservation and Cultivation of Endangered Species: In a bid to preserve biodiversity and promote sustainable agriculture, the government will initiate tree planting programs featuring endangered species native to Sri Lanka. Currently, there are 1496 species of endangered trees in the island. Villagers will also receive support to cultivate medicinal herbs and plants used in Ayurvedic medicine, creating additional sources of income and fostering environmental stewardship.
  18. Promotion of Dairy Farming: To support dairy farmers, the government will allocate government lands alongside village roads and river streams for grass cultivation. Furthermore, technical officers will be deployed to Samurdhi Bank zones to facilitate artificial insemination programmes, improving livestock productivity and enhancing dairy farming practices.
  19. Establishment of Telemedicine Centres: To enhance healthcare accessibility, telemedicine centres will be established in every fifth village, allowing residents to consult with healthcare professionals remotely. Additionally, health monitoring programmes will be implemented to assess the health status of elderly individuals, contributing to increased life expectancy and improved overall health outcomes.
  20. Development of Sports Infrastructure and Training Facilities: To nurture athletic talent and promote a healthy lifestyle, the government will provide access to professional sports training through video technology for players of volleyball, cricket, 100 metres, 200 metres, 400 metres, high jump and long jump. Expert coaches will offer specialised training in various sports disciplines, empowering athletes to excel at national and international levels. Additionally, the establishment of sports complexes in select provinces will provide residential training facilities for elite athletes, fostering a culture of sports excellence and contributing to national pride.

These 20 steps have been meticulously crafted to align with the needs of the entire country and the specific requirements of the two chosen areas. Necessary measures are underway to establish the first two model villages, facilitated by the personal contribution of Mr. Dhammika Perera.

The inauguration of the initial model village will take place on April 17 during a New Year festival in the Bibila Wegama area. Subsequently, the second model village will be unveiled on April 18 during a New Year celebration in Alavathugoda, Konakalagala area.

This marks a significant departure from traditional political practices in the 76-year history of independent Sri Lanka. Mr. Perera’s initiative represents a practical commitment, bypassing mere promises, to guide an entire village towards a specific path of economic development. It is part of a comprehensive programme integrated into an action plan aimed at revitalising the country’s economy.

Islandwide showers expected as dry weather pattern shifts

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By: Isuru Parakrama

March 21, Colombo (LNW): A change in the prevailing dry weather of the island can be expected from today (21), and accordingly, several spells of showers will occur in Eastern, Uva and Northern provinces, the Department of Meteorology said in its daily weather forecast.

Showers or thundershowers will occur at several places in Western, Sabaragamuwa, Central, Southern, North-Western and North-Central provinces during the afternoon or night.

Fairly heavy showers above 50 mm are likely at some places in Sabaragamuwa Province.

Misty conditions can be expected at some places in Sabaragamuwa and Central provinces and in Galle and Matara districts during the morning.

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 areas off the coast extending from Kankasanthurai to Hambantota via Trincomalee and Batticaloa. Showers or thundershowers may occur at a few places in the other sea areas around the island during the afternoon or night.
Winds:
Winds will be easterly or variable in direction and wind speed will be (20-30)kmph. Wind speed may increase up to (3540) kmph at times in the sea areas off the coasts extending from   Puttalam to Kankasanthurai via Mannar and from Hambantota to Pottuvil.
State of Sea:
The sea areas off the coasts extending from Puttalam to Kankasanthurai via Mannar and from Hambantota to Pottuvil can be moderate at times. Temporarily strong gusty winds and very rough seas can be expected during thundershowers.

Meanwhile, heat index, the temperature felt on human body is expected to increase up to ‘Caution level’ at some places in North-western, Western, Sabaragamuwa provinces and Mannar, Anuradhapura and Galle districts.

The public is urged to stay hydrated and takes 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, wear lightweight and white or light-colored clothing.

Indian companies’ eye critical minerals mining in Sri Lanka.

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By: Staff Writer

March 20, Colombo (LNW): India’s Ministry of Mines hosted two meetings with industry stakeholders in January to discuss opportunities for the mining of critical minerals by Indian companies in Sri Lanka and Australia. These meetings were organised in line with the ministry’s broader push to strengthen India’s critical minerals supply chain through the acquisition of overseas mineral assets.

The ministry met with representatives from companies including Ola Electric, Hindalco Industries, and Gujarat Mineral Development Corporation to discuss the prospects of graphite mining in Sri Lanka on January 5.

Three days later, it organised a luncheon meeting to explore avenues for mining opportunities in Australia, which was attended by the Indian High Commissioner-designate to Australia, Gopal Bagley, and various industry representatives from companies including Coal India, Steel Authority of India, Vedanta, Tata Steel, Adani Group, and JSW Steel.

Sri Lanka holds significant reserves of vein graphite, a highly pure form of natural graphite that is only found on the island nation. Graphite is a critical mineral that is extensively used as the anode material in lithium-ion batteries.

By weight, graphite is typically the largest component in lithium-ion batteries, with up to 70 kilograms of graphite used in an average electric vehicle (EV).

Graphite’s vital application in EVs explains the participation of Ola Electric in the ministry meeting. Ola has previously shown interest in entering the critical minerals supply chain by participating in the ministry’s ongoing first tranche of critical minerals auction.

It had also attended a ministry meeting in October on opportunities in Zambia for the mining of copper, which is used as the cathode material in EV batteries.

India’s interest in Sri Lanka’s graphite coincides with the Sri Lankan government’s active pursuit of Indian companies for graphite mining in the country.

“We have the best graphite in the world. Now, Indian companies will be manufacturing electric vehicles. One of the large components for electric batteries is graphite.

We used to have about 30,000 graphite mines. So there’s a lot of opportunity with the expertise and the technology these Indian companies have, I think they should seriously look at Sri Lanka,” the Sri Lankan Minister of State for Foreign Affairs Tharaka Balasuriya said in an interview to ANI on February 22.

Graphite mining in Sri Lanka peaked during the two World Wars in the 20th century, hitting over 30,000 tonnes in annual exports. In 2023, however, the country only exported graphite weighing around 2,500 tonnes and valuing roughly $6 million. Sri Lanka has graphite reserves of around 1.3 million tonnes, as per data with the US Geological Survey.

Graphite in India is largely concentrated in Arunachal Pradesh, Jammu & Kashmir, and Jharkhand, with these three states collectively accounting for 74 per cent of India’s graphite resources. However, only Tamil Nadu, Jharkhand, and Odisha have graphite reserves, which are measured resources that are economically viable to extract.

Japan provides Rs. 3.3 billion grant assistance to Sri Lanka for several projects.

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By: Staff Writer

March 20, Colombo (LNW): Japan has provided a grant of Rs3.3 billion to Sri Lanka under its Economic and Social Development Programme this year.

Sri Lanka and Japan today signed the Exchange of Notes pertaining to the grant assistance amounting to Japanese Yen 1,600 million (approximately LKR 3.3 billion) to be provided under this Programme.

The Government of Japan, as one of Sri Lanka’s main development partners, provides concessional loans and various grant aid schemes such as the Economic and Social Development Programs, Technical Cooperation, Research Partnerships, Development Studies, and non-project grant aid.

The aim is to improve the socio-economic status by strengthening bilateral relations between the two countries.

During the present economic crisis in Sri Lanka, the government of Japan has extended its cooperation by providing required immediate humanitarian assistance for the affected community as well as by equipping the public sector, aiming to improve the socioeconomic situation in the country.

This Japanese grant is for the requirements of diversified field’s namely marine environment, fishing, health care, and vocational training in the country, finance ministry annaounced.

The Exchange of Notes pertaining to the above grant were signed by the Secretary to the Ministry of Finance, Economic Stabilization, and National Policies, Mr. K.M. Mahinda Siriwardana, on behalf of the Government of Sri Lanka yesterday , at the Ministry of Finance, Economic Stabilization, and National Policies. The Ambassador of Japan in Sri Lanka, Mr. MIZUKOSHI Hideaki signed the Exchange of Notes on behalf of the Government of Japan.(Bandula)

Under this grant assistance four vessels for oil boom with the necessary accessories, a generator, and a cargo truck with a crane for improving oil spill response and management of the Sri Lanka coast guard; portable ultrasonic scanners, gynecological examination tables, a laparoscopic system, mammography, fetal heart rates, and infant warmers for improving the maternal and pediatric care in major hospitals in Northern Province.

It will help to provide industrial sewing machines, zigzag (industrial) machines, overlock (5 thread) machines, and button holder (5 thread, industrial) machines for dressmaker courses at vocational training centers in Northern Province.

A petrol boat, a rigid-hull inflatable boat, lighted buoys, and HG radio Transceivers will be provided for the project of ensure the safety of fishermen..

The Exchange of Notes pertaining to the above grant were signed by the Secretary to the Ministry of Finance, Economic Stabilization, and National Policies, Mr. K.M. Mahinda Siriwardana, on behalf of the Government of Sri Lanka on March 18, 2024, at the Ministry of Finance, Economic Stabilization, and National Policies. The Ambassador of Japan in Sri Lanka, Mr. MIZUKOSHI Hideaki signed the Exchange of Notes on behalf of the Government of Japan.

Govt explores the option of relocating Sapugaskanda Oil Refinery in Trincomalee.

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By: Staff Writer

March 20, Colombo (LNW): Sri Lanka is now exploring the possibility of relocating Ceylon Petroleum Corporation’s oil refinery to Trincomalee in the wake of the decsion to operate it as a public enterprise independent of the Corporation (CPC)., Energy Minister Kanchana Wijesekera said.

The cabinet of ministers this week approved a proposal to spin off the refinery as a separate company to raise capital from local and foreign investors to modernize the 1969 structure.

“It was also decided to explore the option of relocating the Sapugaskanda Oil Refinery to Trincomalee in the future…,” Minister Wijesekera said in an x.com (twitter) message.

The move is considered in the light of the development of a tank farm in Trincomalee, he said adding that the Sapugaskanda oil refinery will be upgraded with modern facilities along with the expansion of the Tank Farm.

The move comes following Minister Wijesekera›s revelation last month that discussions were held with the Indian Oil Company (IOC) regarding a proposed multi-product oil pipeline connecting Nagapattnam, Trincomalee Tank Farm and Colombo

Earlier this year, the Cabinet approved the initiation of the procurement process to select a prospective investor for the proposed development plan’s phase one in the Upper Tank area of China Harbour, Trincomalee and to lease 61 tanks of 99 fuel container tanks of the Upper Tank area to Trincomalee Terminal Ltd., for a period of 50 years.

The feasibility study aimed at developing the 61 oil tanks recommends a comprehensive 16-year plan divided into seven phases.

Under the first phase, the focus is on renovating nine productive tanks, laying a pipeline spanning around 1.75 kilometres and constructing essential supporting facilities. The project will be developed as a Build, Operate and Transfer (BOT) basis.

The Sapugaskanda Oil Refinery is the sole facility of its kind in the country, built with assistance from Iran in 1969. Despite several attempts by successive Governments to expand it, all were sidelined due to high costs involved. In 2010, a feasibility study said it would cost an estimated $ 2 billion to upgrade and expand the facility.

The refinery in its current capacity only meets 25% of the local demand for refined petroleum products with the remainder largely imported. It supplies oil to the CPC.

By transforming the refinery into a separate public enterprise, the aim is to facilitate essential investments from both domestic and foreign private sectors.

The strategic move also reflects a broader trend of the Government in restructuring and modernising State-owned enterprises (SOEs) to overcome the financial burden of those on economic growth and efficiency.

India pledges US $ 61.5mn grant to develop KKS Port in the North.

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By: Staff Writer

March 20, Colombo (LNW): In yet another instance of India’s growing role as a development aid partner for its neighbouring countries, New Delhi has pledged t a sum of US $61.5 million as a grant to Sri Lanka to fully develop the Kankesanthurai (KKS) Port in the country’s Northern Province.

The message was conveyed during a meeting between Indian High Commissioner Santosh Jha and Ports, Shipping and Aviation Minister NimalSiripala de Silva, a communiqué from the Ministry noted.

“As part of the project, a new breakwater will be constructed, and the port will be dredged up to a depth of 30 meters to accommodate deep-draft vessels,” it added.

During the discussion, the Indian High Commissioner has expressed India›s commitment to enhancing regional cooperation and connectivity between the two countries. He has also pledged their fullest support to attract more Indian tourists to Sri Lanka.

He also said that the Indian Government has designated Sri Lanka as the top tier travel destination for Indian tourists, and hailed the commencement of flights between Chennai and Jaffna.

The Ports Minister disclosed the construction of a new terminal which is underway with an investment of Rs. 600 million at the Port of Kankesanthurai, will cater to the convenience of Indian tourists.

De Silva also highlighted that over the past year, a significant number of Indian tourists have visited Sri Lanka.

In February this year, the Cabinet of Ministers approved a proposal to offer an affordable travel fee system between India and Sri Lanka to promote tourism.

As per the approved measures, the embarkation tax currently levied on passengers departing Sri Lanka via passenger ferries is reduced from $ 60 to $ 5, whilst the passenger ships will be slashed from $ 60 to $ 20.

Situated in the northern region of Sri Lanka, the KKS Port covers an area of approximately 16 acres. The port is located at a distance of 56 nautical miles from Karaikal Port, Pondicherry, India. When it comes to overland travel, the distance between the port and the nearest land is approximately 23 km.

With an investment of SLR400 million, plans have been finalized to utilise the KKS Port, which is owned by the Ports Authority SLPA, for the transportation of passenger vessels and cargo between Sri Lanka and India.

Apart from a terminal building, the port now boasts well-established security, customs, immigration facilities, and state-of-the-art equipment, ensuring smooth and efficient operations.

Significant focus is currently being placed on the development of the KKS Port as a matter of national interest.

Under the KKS Port development project, it has been planned to repair and rehabilitate the existing breakwaters, piers and roads including dredging and wreck removal and construction of a new pier and a warehouse.

US Dollar Holds Below Rs. 300 Mark for Third Consecutive Day

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March 20, Colombo, LNW: The US Dollar continues its trend below the Rs. 300 mark at several commercial banks in Sri Lanka today, marking the third consecutive day of stability.

At NDB Bank, the buying rate for the US Dollar has seen a slight increase from Rs. 296.75 to Rs. 297.30, with the selling rate also rising from Rs. 307.75 to Rs. 308.30.

Peoples Bank reports an uptick in both buying and selling rates, with the US Dollar buying rate climbing from Rs. 298.36 to Rs. 298.86, and the selling rate increasing from Rs. 308.47 to Rs. 308.97.

Conversely, at Sampath Bank, there has been a minor decrease in the buying rate, down from Rs. 299.50 to Rs. 299, while the selling rate has also dropped from Rs. 308.50 to Rs. 308.

Commercial Bank observes reductions in both buying and selling rates of the US Dollar, with the buying rate decreasing from Rs. 298.67 to Rs. 298.18, and the selling rate dropping from Rs. 308 to Rs. 307.50.