News
Chinese loans: Debt restructuring to commence in earnest after 20th National Congress of CPC

‘Previous govt. printed money excessively’
By Saman Indrajith
The government would start discussions on debt restructuring with China in earnest after the 20th National Congress of the Chinese Communist Party that starts on 16 October, President Ranil Wickremesinghe said yesterday in Parliament.The President added that preliminary discussions with China had already begun. “Japan has agreed to help us negotiate with China. This is a very positive development. China has helped us in times of difficulty in the past. We believe that they will help us in this time of need as well,” he said.
President Wickremesinghe said the government was also holding discussions with India. He had the opportunity to explain the current Sri Lankan situation to Prime Minister Narendra Modi recently.
“Prime Minister Modi has always supported us. During the recent crisis, they helped us greatly. India will help us during the coming revitalisation process,” President Wickremesinghe said.The President said that he had met a large number of Finance Ministers while he was in Manila at the ADB conference. Given that Finance Ministers play a big role in allocating assistance and restructuring debt, it had been a great opportunity to state the case for Sri Lanka, he said.
“We expect to come to a common agreement with our creditors including Japan, India and China.
“Once we reach an agreement with bilateral creditors, we will hold discussions with the London Club, an informal group of private creditors on the international stage. We also wish to come to an agreement o debt restructuring. Once we come to an agreement with bilateral and private creditors, we can get an IMF facility.”
Wickremesinghe said that the ADB had already pledged 500 million dollars to Sri Lanka and once the agreement with the IMF is signed, Sri Lanka could secure bridging finance.
“Given our situation, we can’t obtain commercial loans from the World bank or other lending agencies. Joining hands with the Global Development Conference, we have asked for an opportunity to obtain concessional financial aid,” he said.
The President added that the government was trying to boost tourism, which could bring in much needed remittances in the short term. He added that in the past two years, the previous government hsf printed too much money.
“The previous government printed 13 times more than the 2015-19 government did. However, production did not increase. This was a recipe for inflation. Because of the steps we took, we managed to keep the inflation under 70 percent in September. By the end of the second quarter of 2022, the Ceylon Petroleum Corporation (CPC) has incurred a loss of 1,057 billion, Ceylon Electricity Board (CEB) 251 billion and SriLankan airlines has accumulated 791 million in losses. We can’t make people bear this burden. We will restructure them.”
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SLNS Samudura departs to participate in IMDEX Asia 2025 in Singapore

SLNS Samudura on 27 Apr 25 set sail from the Port of Colombo to Changi, Singapore to join the International Maritime Defence Exhibition (IMDEX) Asia 2025, Asia Pacific’s leading naval and maritime defence event.
The vessel was ceremoniously sent off from Colombo, following traditional naval customs.
IMDEX Asia 2025 is set to take place from 05 to 08 May 25 featuring cutting-edge advancements in naval technology and the event will conclude with a special warship display.
The 9th International Maritime Security Conference (IMSC) will take place alongside the exhibition, featuring high-level discussions on evolving maritime security challenges in an era of geopolitical uncertainties.
Naval forces and maritime representatives from multiple nations are set to take part in the upcoming IMDEX Asia 2025 and IMSC. Taking part in this nature of naval and maritime defence events would open new avenues to the Sri Lanka Navy to build inter-operability with regional and extra-regional partners, exchange best practices and procedures in maritime operations and identify new challenges in maritime domain.
News
The NPP government has removed the political protection given for corruption and crime in the past – PM

Prime Minister Dr. Harini Amarasuriya stated that the current government has removed the political protection that existed for corruption and crime for the past seventy-five years.
The Prime Minister made these remarks while addressing public gatherings held on Sunday (27) in Suriyawewa, Hungama, and Tangalle in the Hambantota District.
Addressing the gatherings, Prime Minister Dr. Harini Amarasuriya stated:
“We have ended the political protection that existed for seventy-five years providing shelter for corruption and crime. There no longer exists any protection for those public-hostile acts of corruption and crime. When we first started this, there were groups within the public service and even within the security forces who were scared and unsettled. All of this was carried out with political protection. Such political protection does not exist now and what you see is the effort to uncover and clean up the remnants.
One of the most notable incidents in this regard is the arrest of former Inspector General of Police Deshabandu Tennakoon and the actions taken against him thereafter. Have you ever heard of an Inspector General of Police being arrested before? A parliamentary tripartite committee has also been appointed regarding this. Even those who were previously protected by the system are now feeling fear.
Former Cabinet Minister and ruling party member Pillayan has also been taken into custody. There, too, I witnessed rather absurd situations. According to members of the Sri Lanka Podujana Peramuna (SLPP), it was Pillayan who won the war. However, he was arrested in connection with the disappearance of a university vice-chancellor.
It has been reported that the Suriyawewa Pradeshiya Sabha is charging a market tax. If taxes or fees are collected, it must transfer into a service or facility for the people. The current method violates tax policy. A contract has been given to collect these taxes, meaning the money is being collected by a third party. If the taxes collected were genuinely used for the maintenance of the market complex, it should be in excellent condition.
The income of the Suriyawewa Pradeshiya Sabha amounts to 110 million rupees. If that money had been properly used for the Pradeshiya Sabha, today it would be in the best condition. The fact that it indicates that the money has ended up in someone else’s hands.
Despite instructions not to collect money in schools, we continue to receive complaints that it is still happening. We are taking necessary actions to address this matter. However, there are currently insufficient investigative officers to conduct thorough investigations. We are working to strengthen the investigative units within the ministries.
Through the approved budget, we have allocated a large amount of funds for rural development including rural infrastructure, rural economy, and especially to create self-employment opportunities for women and youth, as well as to build clean villages.
The government has now stabilized the economy. The next goal is to increase income and push the economy toward a growth trajectory.”
Prime Minister further noted that the government has been in power for only six months so far and that it will continue working to correct all these issues in the future.
The event was attended by the members of Parliament Saliya Sandaruwan and Athula Weladagoda, along with a large number of candidates and local residents.
[Prime Minister’s Media Division]
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Heat index, is likely to increase up to ‘Caution level’ at some places in Eastern and North-central provinces and Mullaitivu and Vavuniya districts

Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology at 3.30 p.m. 27 April 2025, valid for 28 April 2025
The public are warned that the Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in Eastern and North-central provinces and Mullaitivu and Vavuniya districts.
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 011-7446491.
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