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Korean investments in SL have contributed towards promotion of bilateral relations – Ambassador
Korean Ambassador Santhush Woonjin JEONG met with the Secretary General & Chief Executive Officer of Ceylon Chamber of Commerce, Manjula de Silva at the Embassy and discussed ways to promote investment and trade between Korea and Sri Lanka.
The meeting was held on the request of the Ceylon Chamber of Commerce in order to promote the upcoming Sri Lanka Investment Forum (SLIF) themed “Sri Lanka- Asia’s Next Growth Haven” which is jointly organised by the Board of Investment (BOI), The Ceylon Chamber of Commerce and the Colombo Stock Exchange.
The Ceylon Chamber of Commerce is actively promoting this forum for all potential foreign investors and is planning to visit many of the foreign missions. The Korean Embassy was their first visit to bolster Sri Lanka’s investment opportunities and uplift foreign investment flows. They had a fruitful exchange regarding the promotion of investment opportunities in Sri Lanka to Korean investors, expansion of trade relations, and export development.
The Sri Lanka Investment Forum will commence on June 7, 2021 on a virtual platform and it will be an opportunity to showcase the potential of Sri Lanka as a hub for investment.
De Silva highlighted that Sri Lanka is very keen to attract Korean investments and international joint ventures, along with Korean know-how and technology. As the Republic of Korea plays a leading role in the field of industrialization and technology, it would be favourable for Sri Lanka to attract Korean investments.
Sri Lanka Investment Forum will be the ideal platform to showcase to the world including Korea, that Sri Lanka is the next economic growth haven for strategic investment initiatives and a blend of mega projects given its economic, commercial and investment milieu.
He further elaborated that the forum will attract direct and portfolio investors, including sovereign wealth funds, private equity funds, development finance institutions, multi-national corporations, high networth individuals and all other investor classes from across the globe.
Ambassador Santhush expressed his pleasure regarding such a wonderful initiative which will educate and empower investors and businesses with a comprehensive set of information with respect to Sri Lanka’s FDI and portfolio investment environment.
He added that “it is a very good opportunity for investors worldwide including Korean investors to take a look at the Sri Lankan investment environment”.
He said that he would raise awareness among the Korean investors of this program which will be a bridge in improving trade and investment relations between our two countries. “Korean investments in Sri Lanka have contributed immeasurably to the promotion of bilateral relationship and the elevation of the economies of both countries, he noted.
In early 1990s Korea was the biggest foreign investment partner of Sri Lanka. Today, Korean investors in the ceramic industry, apparel industry etc. play a significant role in developing two-way trade and investment in ways which benefit our countries, the envoy said.
“I encourage Korean investors to explore more opportunities in Sri Lanka especially in sectors such as agriculture, renewable energy, LNG, infrastructure and digital economy. Given the huge opportunities offered by the developing Sri Lankan economy, and the talent of the Korean and Sri Lankan people, the scope for beneficial collaboration is infinite. Sri Lanka is endowed with smart, high quality human resources and affluent natural resources which are complimentary with the state of the art technology and capital available in Korea. This combination creates the perfect synergies for our two countries to further the potential for businesses”, he added.
News
Athapaththu and Dilhari muscle Sri Lanka past Malaysia in mismatch
The quarter-finals of the Asian Games women’s competition, putting top-notch teams against teams without much experience of playing at the highest level, were expected to be mismatches. It took till the third game – Bangladesh vs China was washed out and Thailand gave Pakistan a fright for a proper one-side affair, though, as Sri Lanka bashed 160 after opting to bat, and their bowlers then stopped Malaysia 86 runs short.
Fresh off their appearance in the final of the Women’s T20 Asia Cup, Sri Lanka were always expected to dominate, but it didn’t quite start the way they wanted, with Imesha Dulani run out for another low score in the third over – she hasn’t topped 25 in eight innings since her century against Pakistan on July 31.
Chamari Athapaththu, however, stitched together an 80-run stand off just 53 balls with Hasini Perera for the second wicket, scoring 56 runs in 27 balls to Perera’s 23 in 26 in the collaboration. After the two batters fell, Kavisha Dilhari played a similar role to Athapaththu in the stand with Harshitha Samarawickrama, scoring 36 in 19 in a stand worth 62 in 37 balls.
Athapaththu top-scored with 63 in 37 balls, while Dilhari’s unbeaten 44 came off just 27 balls. For Malaysia, offspinner Nurin Imanina impressed with 3 for 29 from her four overs, picking up all the wickets to fall to bowlers.
In reply, Malaysia were three down inside the powerplay, with Dilhari picking up two of the wickets to fall on her way to returns of 2 for 4 from three overs. Athapaththu chipped in with two wickets of her own to finish with 2 for 3 from two overs, while Mithali Ayodhya got 2 for 15 from three.
It’s not like there was no resistance from Malaysia: Winifred Duraisingam scored 28, though it took her 47 balls to do it, while Mahirah Izzati Ismail scored 24, another slow effort, taking her 42 balls.
Scores:
Sri Lanka Women 160 for 4 in 20 overs (Athapaththu 63, HasinMithali Ayodhya 2-15i Perera 23, Kavisha Dilhari 44*, Harshitha Samarawickrema 25; Nurin Imanina 3-29) beat Malaysia Women 74 for 7 in 20 overs (Winifred Duraisingam 28, Mahirah Izzati Ismail 24; Mithali Ayodhya 2-15, Kavisha Dilhari 2-04, Chamari Athapaththu 2-03, ) by 86 runs
[Cricinfo]
News
Bid for Basil’s extradition nears final stage: Police
Govt. is finalising extradition proceedings against Basil to have him stand trial here in respect of several cases
By Norman Palihawadane
The process of having former Minister Basil Rajapaksa extradited from the US to Sri Lanka was being finalised, Police Headquarters sources disclosed yesterday.
The government has formally sought assistance from the United States government to extradite former Minister Basil Rajapaksa, as multiple courts have reissued arrest warrants over his failure to appear before them in connection with two separate criminal cases, a senior police officer told The Island.
The officer, speaking on condition of anonymity, said matters pertaining to obtaining US government authorities’ assistance to extradite Rajapaksa were now being finalised.
Police headquarters sources said law enforcement agencies were currently evaluating red notices, which request the location and provisional arrest of a person pending formal extradition.
The CID and Police Headquarters earlier initiated steps to seek INTERPOL assistance to secure Rajapaksa’s return to Sri Lanka to face court proceedings relating to the two cases in which arrest warrants have been issued against him.
Rajapaksa is believed to be residing in Los Angeles, United States.
The Matara Chief Magistrate’s Court on July 21, 2026, reissued an arrest warrant for Rajapaksa after he failed to appear before court for the second time in connection with a case involving the alleged purchase of a 1.5-acre coconut estate on Eliyakanda Road in the Brown’s Hill area of Matara.
The case relates to the purchase of the property for Rs. 60 million.
The case was filed by the Police Financial Crimes Investigation Division and names Basil Rajapaksa and several other accused, including Ayoma Galappaththi, identified in court reports as the sister of Rajapaksa’s wife, Tissa Galappaththi, and Muditha Jayakody.
However, officials acknowledged that seeking US assistance would only begin a formal international process and would not automatically result in Rajapaksa’s arrest or return to Sri Lanka. Sri Lankan authorities would need to submit court orders, details of the alleged offences, and other supporting documents through the appropriate diplomatic and judicial channels. Any request would then be considered by the relevant US authorities under American law and applicable legal arrangements.
Sources at the Foreign Ministry said sealed correspondence had been exchanged between Sri Lanka’s Ministry of Foreign Affairs and the Legal Department of the US State Department relating to corruption allegations against members of the Rajapaksa family residing in the United States.
The legal foundation for any extradition is the bilateral treaty between Sri Lanka and the United States signed in Washington on September 30, 1999. The treaty applies the principle of dual criminality, meaning authorities must show that the underlying conduct amounts to a crime in both countries. Rajapaksa’s status as a United States citizen would not, on its own, make him immune from a valid request under the treaty’s provisions.
News
High blood pressure, diabetes lead to about 80% of deaths in Sri Lanka
Non-communicable diseases (NCDs) account for 80% of all deaths in Sri Lanka, with high blood pressure and diabetes among the leading causes, Secretary to the Ministry of Health and Mass Media, Dr. Anil Jasinghe, said early this week.
Dr. Jasinghe pointed out that the two conditions were interrelated and could lead to a range of serious health complications, with heart attacks being among the most severe consequences.
Dr. Jasinghe made these remarks while attending the commencement of construction of a modern Cardiac Care Complex at the Anuradhapura Teaching Hospital on Wednesday (16).
The Health and Mass Media Ministry Secretary said:
“The main issue is that these two diseases are interconnected and cause a range of complications in a person’s health. Looking at the current situation in Sri Lanka, only around 50% of those suffering from high blood pressure are under effective control. Similarly, only around 25% of diabetic patients are under proper control. As a result, this has now become a major problem in society.
“The most serious complication associated with both these diseases is Myocardial Infarction (MI), or a heart attack. This has also become the
leading complication. So, how do we control this modern epidemic? This is the biggest challenge before us.
“While establishing modern facilities across the country, our health system must also recognize the changes that have taken place in the demographic structure of our population and disease patterns. Accordingly, our health system must be adapted to suit these changing circumstances.
“Under the policies of the government led by the President and the guidance of the Minister of Health, the Ministry of Health and Mass Media is currently implementing a major programme in this regard. Its three main components are Arogya, Cluster Systems and High-End Care Institutions, which need to be developed to suit the requirements of our health system.”
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