News
‘Chinese missile tracker ship prospecting Indian Ocean bed south of SL’
BY S VENKAT NARAYAN
Our Special Correspondent
NEW DELHI: The Chinese satellite and ballistic missile tracking ship Yuan Wang 5, which left Hambantota port on August 22, is currently mapping ocean bed 400 nautical miles (741 kilometres) south-southeast of Dondra Head, the southernmost tip of Sri Lanka, the Hindustan Times has reported.
According to available information, the military ship is expected to head towards its home port Jiangyin near Shanghai as per details provided at Hambantota. However, it is not clear whether the ship will make another port call while on the way back to China.
Although classified as a Chinese Research Vessel, the ballistic missile tracker ship became a bone of contention with Sri Lankan authorities allowing the ship to berth at Hambantota on August 16 after initially deferring the port call on August 11.
The Hambantota port is on a 99-year lease with the Chinese after Sri Lanka did a debt-equity swap with the Xi Jinping regime in 2017.
According to China watchers, the berthing of Yuan Wang 5 at Hambantota was a political statement of assertion by the Xi Jinping regime on the weak Ranil Wickremesinghe government after India quietly conveyed its concerns about the military ship, the newspaper said.
It further reported: “Thanks to the economic profligacy by the Rajapaksa regime, a bankrupt Sri Lanka owes as much as 10 percent of its external debt to China. And Colombo needs support from Beijing to get much-needed credit from the IMF and World Bank to run the country. The total external and internal debt of Sri Lanka is around USD 97-98 billion, way beyond its gross domestic product.”
Since 2020, as many as 53 such ships have been monitored operating in the Indian Ocean Region (IOR) with as many as 3-5 so-called research vessels operating in the area at any given time.While China on the face of it is trying to help the Indian Ocean littorals exploit resources in their respective Exclusive Economic Zone (EEZ), the whole purpose is to monitor Indian missile activity in the Bay of Bengal as well as mapping of ocean beds, which is critical to anti-submarine operations.
News
“Sri Lanka’s Economic Revival – Reflection on the Journey from Crisis to Recovery” by Mahinda Siriwardana presented to the President
The book “Sri Lanka’s Economic Revival – Reflection on the Journey from Crisis to Recovery” ,authored by Secretary to the Ministry of Finance, Mr. Mahinda Siriwardana, was officially launched this morning (08) at the Galle Face Hotel, Colombo, with the participation of President Anura Kumara Disanayake.
The first copy of the publication was formally presented to President Disanayake by Mr. Siriwardana during the event.
It has been reported that former State Minister Sivanesathurai Chandrakanthan alias ‘Pilleyan’ has been arrested by the Criminal Investigation Department (CID).
A meeting between President Anura Kumara Disanayake and senior officials of SriLankan Airlines was held this afternoon (April 8) at the Presidential Secretariat.
The discussions mainly focused on proposals to transform SriLankan Airlines into a more profitable state-owned enterprise. Special attention was also given to possible short-term and long-term solutions for the airline’s debt management.
The talks further explored new investment opportunities for the airline. The President instructed the officials to take all necessary steps to transform SriLankan Airlines into a profit-making entity.
Although the airline has recorded operational profits, due to past mismanagement and poor decision-making, it remains one of the leading loss-making state enterprises. The current government has decided to reverse the previous administration’s decision to privatize the airline. Instead, it plans to continue operating it as the national carrier while introducing a new management structure to ensure its profitability moving forward.
Minister of Labour and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, President’s Senior Advisor Duminda Hulangamuwa, Chairman of SriLankan Airlines Sarath Ganegoda along with several senior officials of SriLankan Airlines, were present at the meeting.
“Sri Lanka’s Economic Revival – Reflection on the Journey from Crisis to Recovery” by Mahinda Siriwardana presented to the President
Former state minister arrested by CID
President meets with senior officials of SriLankan Airlines
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