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Lanka, South Korea explore boost to bilateral trade

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The Sri Lanka–Korea Business Council of the Ceylon Chamber of Commerce recently hosted an awareness session titled “Doing Business with South Korea”, bringing together key stakeholders to explore opportunities for strengthening bilateral trade and investment relations between Sri Lanka and the Republic of Korea.

The event was graced by Miyon Lee, Ambassador of the Republic of Korea to Sri Lanka, along with officials from the Embassy including Eunji Kang, Deputy Head of Mission and Minwoo Jo, Research Officer.

The session provided an overview of bilateral trade and investment relations, while highlighting potential export opportunities to South Korea by identifying high-potential sectors for Sri Lankan exporters. It also explored emerging trends and future prospects for Sri Lankan products, along with the effective utilization of the Asia-Pacific Trade Agreement (APTA). In addition, guidelines on eligibility and compliance under APTA were outlined, offering practical insights for businesses seeking to enter and expand in the Korean market.

In her address, Ambassador Miyon Lee acknowledged the Sri Lanka–Korea Business Council as a long-standing partner of Korean companies and commended the resilience of the Sri Lankan people in the face of recent challenges. She highlighted progress made by Sri Lanka in economic stabilization, institutional reforms and anti-corruption efforts, describing these developments as encouraging for investors.

The Ambassador emphasized the importance of enhancing an investment-friendly environment, supporting ongoing Korean business projects, and identifying promising areas for future cooperation.

She further underscored the significance of streamlining Sri Lanka’s tariff structure and expanding Free Trade Agreements with major trading partners. Referring to Sri Lanka’s comprehensive national tariff policy, she noted that such reforms would help reduce protectionism, enhance competitiveness, and integrate the country into global value chains. She also expressed hope for the timely implementation of the National Single Window system and full compliance with commitments under the World Trade Organization Trade Facilitation Agreement and intellectual property obligations under World Intellectual Property Organization.

The Ambassador also highlighted Sri Lanka’s interest in joining the Regional Comprehensive Economic Partnership (RCEP), noting that participation would provide access to a broader Asian market while emphasizing the need for strong bilateral engagement with individual member countries.

She encouraged businesses to fully utilize existing agreements such as APTA and other preferential arrangements, stressing that Free Trade Agreements are not only about market access but also about strengthening domestic industries and improving competitiveness.

Addressing the gathering, Shamil Mendis, President of the Sri Lanka–Korea Business Council, highlighted the importance of Sri Lankan businesses focusing on the East Asian market.

He reaffirmed the Council’s commitment to fostering stronger trade, investment, and business ties between Sri Lanka and South Korea, noting that the Council will continue to serve as a platform for dialogue, knowledge-sharing, and mutual growth.  The session concluded with interactive discussions, reflecting strong interest from the business community in expanding trade and investment linkages with South Korea.



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Russian circumnavigation team arrive in Sri Lanka

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The Russian circumnavigation team, the 5 Oceans Club, made a brief stop in Sri Lanka as part of their second global sailing expedition.

The six-member crew, visited the Russian House in Colombo, on Friday, (24th April) where they shared insights from their journey.

What makes this expedition particularly inspiring is the club’s commitment to inclusivity. They actively encourage children with limb disabilities to experience the ocean and participate in sailing as equals, fostering confidence and a deep connection with nature.

The team also spoke about a specialized sailing school based in Siberia—one of Russia’s most picturesque regions—where children with such challenges are trained and introduced to maritime life. During the session, they offered a glimpse into their daily life aboard the yacht and highlighted how they integrate elements of science into their explorations, making their journey both adventurous and educational.

The crew consists of,  Dmitry Kuznetsov – (captain of the boat of the 5 Oceans Club), ⁠Vladimir Dudkin – (crew member),  ⁠Dmitry Dudkin –(cabin boy), ⁠Ksenia Kuznetsova – (cabin boy), ⁠Natalia Shahinyan – (founder of the charity foundation “Life on the Move”), ⁠Sofia Sheremet -(ward of the foundation)

 

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Heat Index at Caution Level in the  Northern, North-central, North-western, Western, Sabaragamuwa, Southern, and Eastern provinces and in Monaragala district during the day time

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Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre
Issued at 3.30 p.m. on 25 April 2026, valid for 26 April 2026.

The Heat index, the temperature felt on the  human body is likely to increase up to ‘Caution level’ at some places in the  Northern, North-central, North-western, Western, Sabaragamuwa, Southern, and Eastern provinces and in Monaragala district during the day time.

The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.


Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.

ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.

Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-744649

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Sagarika derailment disrupts coastal rail line; services to resume in two days

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Railway General Manager Ravindra Pathmapriya said on Friday that re-railing operations of the derailed ‘Sagarika’ train have already commenced and that services on the Coastal Line are expected to be restored within two days.

Addressing the media, he said the Minister had instructed officials to take all necessary measures to minimise inconvenience to passengers.

Commenting on the incident, he said: “The damaged train is a significant loss for us, especially as our fleet is already limited. We have incurred this loss and hope to rectify the situation promptly. However, we will need to deploy an alternative train in its place, and discussions are currently underway.”

The ‘Sagarika’ train, operating from Beliatta to Maradana, derailed near the Wadduwa Railway Station on Friday morning (24), causing severe damage to one track of the dual-line section.

The Railway Department has since restricted services on the affected Coastal Line up to Panadura Railway Station.

Arrangements have been made to transport passengers from Panadura to South Kalutara by Sri Lanka Transport Board (SLTB) buses, from where train services will resume towards Matara and Beliatta.

Meanwhile, the Department said efforts are underway to clear the obstruction and restore at least one track by the end of the day.

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