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China reiterates its belief in Sri Lanka’s ability to overcome current difficulties

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China had been providing assistance to Sri Lanka’s economic and social development to the best of its capacity and would continue to do so in the future, Chinese Foreign Ministry Spokesperson Wang Wenbin told the media during a press briefing.

He believed that with the concerted efforts of the Sri Lankan government and people, the country would surely overcome the temporary difficulties as soon as possible and usher in renewed and greater development.

He said this responding to a question posed by a journalist.

Journalist: First question, will China meet Sri Lanka’s request for debt relief? Some people also believe that part of why Sri Lanka is struggling economically is due to expensive joint Chinese investments that are not profitable. What’s your response to that? Secondly, do you have any more details about the Gulf states’ foreign ministers’ visit to China? Third question, Iranian media reported that Iran’s foreign minister will visit China this week, possibly related to the nuclear talks. Are you able to confirm this?

Wang Wenbin: Before answering your questions, I would like to brief you on State Councilor and Foreign Minister Wang Yi’s visit to the Maldives and Sri Lanka. This visit came at the 50th anniversary of China-Maldives diplomatic relations, the 65th anniversary of China-Sri Lanka diplomatic relations, and the 70th anniversary of the Rubber-Rice Pact. It is of great significance and achieved fruitful outcomes.

“During the visit in Sri Lanka, State Councillor Wang Yi joined Sri Lanka’s President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa in attending the launching ceremony of celebrations to mark the 65th anniversary of China-Sri Lanka diplomatic relations and the 70th anniversary of the signing of the Rubber-Rice Pact. He also met separately with President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa and Foreign Minister Gamini Lakshman Peiris. Wang said that China-Sri Lanka friendship enjoys a long history, and the Rubber-Rice Pact demonstrates the two countries’ national character in the fight against hegemony and power politics. President Xi Jinping’s historic state visit to Sri Lanka in 2014 opened a new chapter in bilateral friendly cooperation. China firmly supports Sri Lanka in safeguarding national sovereignty, independence and territorial integrity. As we celebrate the 65th anniversary of the establishment of diplomatic relations between China and Sri Lanka and the 70th anniversary of the signing of the Rubber-Rice Pact, China is ready to work with Sri Lanka to carry forward the spirit of the Rubber-Rice Pact characterized by independence, self-reliance, unity and mutual support, further deepen political mutual trust, fight against the epidemic together, synergize development strategies, promote multilateralism and consolidate and expand the bilateral strategic cooperative partnership. We will make good use of the two flagship projects of Colombo Port City and Hambantota Port to help Sri Lanka realize its “Vistas of Prosperity and Splendour”, and better deliver benefit to the two countries and peoples.

“The Sri Lankan side said that China, as a great friend of Sri Lanka, never interferes in its internal affairs and always comes forward and extends a helping hand when Sri Lanka faces difficulties, which Sri Lanka will always remember. Sri Lanka will continue to be firmly committed to the one-China policy and staunchly support China’s just proposals on international occasions. Sri Lanka is ready to work with China to hold successful activities to celebrate the 65th anniversary of the establishment of diplomatic ties between the two countries and the 70th anniversary of the Rubber-Rice Pact, and strengthen cooperation in economy, trade, finance, tourism and infrastructure construction to bring more benefits to the two peoples.

“During his visit, State Councilor Wang Yi also said that island countries in the Indian Ocean have similar experiences and common needs, boast similar natural endowments and share similar development goals. They have favourable conditions and full potential for strengthening mutually beneficial cooperation. The Chinese side proposes that a forum on the development of island countries in the Indian Ocean can be held at an appropriate time to pool consensus and form synergy for common development.

“As you can tell from what I have just said, it is untrue to say that joint Chinese investments are expensive and not profitable. China-Sri Lanka cooperation is mutually beneficial and has been warmly welcomed by all sectors in Sri Lanka.

Now, coming back to the debt issue you raised, since the establishment of diplomatic ties, China and Sri Lanka have been showing each other understanding and support. China has been providing assistance to Sri Lanka’s economic and social development to the best of its capacity and will continue to do so in the future. It is believed that with the concerted efforts of the Sri Lankan government and people, the country will surely overcome the temporary difficulties as soon as possible and usher in renewed and greater development.”

 

 



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INS Sharda arrives in Colombo

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The Indian Naval Ship (INS) Sharda arrived at the port of Colombo on 10 Jun 26 for an Operational Turnaround.

In keeping with time-honoured naval customs, the Sri Lanka Navy extended a traditional welcome to the visiting ship upon her arrival.

The Offshore Patrol Vessel (OPV) is under the command of  Commander Kartik Sachdeva.

During the ship’s stay in the island, its crew is scheduled to take part in several programmes organised by the Sri Lanka Navy, aiming to foster camaraderie and professional interaction.

Additionally, the Indian naval personnel will explore several prominent tourist attractions of Sri Lanka.

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The government is implementing a comprehensive programme to restore the livelihoods of fishermen and businesses affected by Cyclone Ditwah – PM

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Prime Minister Dr. Harini Amarasuriya stated that the Government has implemented a comprehensive programme to assist the fishing community and micro, small, medium, and large-scale entrepreneurs affected by Cyclone Ditwah in rebuilding their livelihoods.

The Prime Minister made these remarks while responding to questions in Parliament on Tuesday (09) regarding the relief measures introduced for those affected by the disaster.

Prime Minister Dr. Harini Amarasuriya stated:

“The Ministry of Fisheries, Aquatic and Ocean Resources has initiated a special assistance programme for both marine and inland fishermen affected by Cyclone Ditwah. Under this programme, new fishing vessels will be provided to replace those that were completely destroyed, while partially damaged vessels will be repaired. The distribution of fishing nets to eligible fishermen has also commenced.

To support the recovery of businesses damaged by the cyclone, the Government has introduced a concessional loan scheme carrying an annual interest rate of 3 per cent. The programme, with a total allocation of Rs. 10,000 million, is being implemented through 15 banks. As at 28 April 2026, loans amounting to Rs. 3,812 million had been disbursed to 2,800 entrepreneurs. The scheme offers a repayment period of up to three years, including a six-month grace period, with the objective of enabling businesses to resume operations without delay. Applicants are required to obtain recommendations from the Grama Niladhari and the Divisional Secretary certifying that the business was operational before the cyclone and that it was affected by the disaster.

The Prime Minister further stated that, on the instructions of the Central Bank of Sri Lanka, licensed banks have granted a moratorium on loan repayments and waived penalty interest until 31 January 2026. The Prime Minister also emphasized that compensation payments to affected entrepreneurs are continuing in accordance with the relevant ministerial circulars and disaster relief guidelines.

[Prime Minister’s Media Division]

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Formulation of a Draft Economic Development Bill to expedite the process of Digital Transformation and Digital Economic Development

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It is essential to establish an institutional framework with legal powers to ensure the effective implementation of national digital policy and guidelines.

Quality human capital should be attracted to this institutional framework for the compilation of policies, implementation of policies, regulation, and empowerment of operations. The continuous participation of the private sector should also be considered in establishing a strong institutional framework.

It has been further identified that attention should also be
drawn to new fields of digital innovation, including support for artificial intelligence and related activities.

Taking into consideration the aforementioned matters, a concept paper has been formulated to prepare a Draft Economic Development Bill for the establishment of a new institutional framework.

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the  President in his capacity as the Minister of Digital Economy to instruct legal draftsman to formulate a Draft Economic Development Bill based on the aforementioned concept paper.

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