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Japan advises NPP govt. on how to strengthen bilateral relations
… asks for transparency, predictability and level playing field
Vice-Minister for International Affairs of the Ministry of Economy, Trade and Industry (METI) of Japan Takehiko Matsuo has emphasised three key priorities for further strengthening bilateral relations between Japan and Sri Lanka.
The advice was given at the Intergovernmental Economic Policy Dialogue reconvened on Monday (16) for the first time in 10 years since July 2016. The Dialogue was co-chaired by Matsuo and K. A. Vimalenthirarajah, Secretary to the Ministry of Trade, Commerce, Food Security and Co-operative Development of Sri Lanka.
Matsuo as the first point highlighted the economic development potential of Sri Lanka, particularly through the “Conceptual Roadmap on Building an Export-Oriented Industrial Corridor,” which was announced as a proposal by METI and the Japan External Trade Organisation (JETRO) during the visit of President Dissanayaka. In this context, he emphasised the importance of promoting intra-regional trade by leveraging the vast South Asian market, as well as facilitating Sri Lanka’s integration into global supply chains.
Matsuo stressed the importance of enhancing preparedness and response capabilities in times of crisis as the second point. He noted that strengthening financial resilience requires reducing overreliance on tourism, remittances from migrant workers, and tea exports, and advancing economic diversification.
The Japanese Vice Minister emphasised the need to promote positive success stories as the third most important point. In order to attract investment and encourage market entry into Sri Lanka, it is essential to further improve the business environment by addressing challenges faced by Japanese companies operating in the country, he said.
A large-scale business delegation, composed of around 40 business leaders and led by Fumihiko KOBAYASHI, Chairman of the Japan–Sri Lanka Business Co-operation Committee and Executive Vice President and Chief Administrative Officer of ITOCHU Corporation, also participated in the Dialogue.
Referring to the importance of addressing concrete issues Japanese companies operating in Sri Lanka are facing, Ambassador Akio Isomata expressed appreciation for the cooperation of the BOI and other relevant agencies of the GoSL in establishing the Japan-Sri Lanka Committee on Business Environment last August and for having been convening working-level meetings since then.
In that regard, the Ambassador emphasised the three fundamental elements of a sound business environment, namely, “transparency”, “predictability” and “non-discriminatory treatment (level playing field).”
The Ambassador also asked for an early realization and effective implementation of a single window system for investment approval procedures to facilitate future investment. He also said that Japan would like to see, as a way forward, to invite investors to Sri Lanka, an economic development strategy, including policies on the diversification of export products and markets that will lead the country to a sustainable growth. He mentioned further that Japan would also like to see sector-wise industrial promotion roadmaps in a clear-cut manner so that foreign investors can understand potential investment opportunities in Sri Lanka.
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Sun directly overhead Pomparippu, Anuradhapura, Mihinthale, Galenbindunuwewa, Agbopura and Serunuwara about 12:11 noon today (11)
On the apparent northward relative motion of the sun, it is going to be directly over the latitudes of Sri Lanka from 05th to 15th of April in this year.
The nearest areas of Sri Lanka over which the sun is overhead today (11th) are Pomparippu, Anuradhapura, Mihinthale, Galenbindunuwewa, Agbopura and Serunuwara about 12:11 noon.
News
Opposition NCM against Energy Minister defeated
A no-confidence motion brought by the Opposition against Energy Minister Kumara Jayakody was defeated in Parliament yesterday by a majority of 104 votes.At the end of the debate, 49 members voted in favour of the motion, while 153 voted against it.
The motion, submitted to the Speaker on 19 March, was signed by Opposition Leader Sajith Premadasa, SJB MPs, and other Opposition members.
It accused Minister Jayakody of failing to ensure the procurement of adequate and quality coal for the Lakvijaya Coal Power Plant in Norochcholai, alleging that such negligence amounted to a breach of ministerial responsibility over a critical national energy asset.
The motion also cited ongoing legal proceedings against the Minister, noting that he has been indicted by the Commission to Investigate Allegations of Bribery or Corruption and produced before the Colombo High Court under Section 70 of the Bribery Act, in connection with alleged acts of corruption during his tenure as Procurement Manager of the Ceylon Fertiliser Company Limited.
The motion read: Vote of No Confidence against Kumara Jayakody, Minister of Energy,— Whereas the Provision in Section 6 of the Part III of the Code of Conduct for Members of Parliament which states that: “The Members shall on all occasions act in accordance with the public trust entrusted with them and shall always behave with probity and integrity, including the use by them of any public resources.” has been violated; And whereas the following rules of conduct set out in Section 9 of the Part V of the Code of Conduct for Members of Parliament have prima facie been breached, namely:- “(a) to be conscience; (c) to act so as to merit the trust and respect of the people; (e) to hold themselves accountable for the conduct and duties for which they are responsible;” And whereas it is observed that the Minister has failed, in his capacity as a Minister of the Cabinet of Ministers, to discharge the fundamental duties incumbent upon him in accordance with Article 28 of the Constitution;
And whereas it is established that the Minister of Energy has failed to discharge his primary duty of ensuring the procurement of adequate and good quality coal for the Norochcholai Lakvijaya Coal Power Plant;
And whereas such gross negligence in overseeing a critical national energy asset constitutes a fundamental breach of ministerial responsibility;
And whereas the Minister of Energy has failed to carry out the subjects and functions vested in him by the Notification of Gazette Extraordinary No. 2412/08 of 25th November 2024 of the Democratic Socialist Republic of Sri Lanka, including taking necessary steps to reduce the losses at the institutional management level and technical damages that occur to the electricity generation and distribution system and reduction of costs for generating electricity and removal of uncertainties during generation;
And whereas the Commission to Investigate Allegations of Bribery or Corruption has filed formal indictments before the Colombo High Court against the incumbent Minister of Energy under Section 70 of the Bribery Act (Chapter 26) for the offence of “corruption” in connection with acts of corruption allegedly committed while he was serving as the Procurement Manager of the Lanka Fertilizer Company;
And whereas, in light of the foregoing, the Minister of Energy has irretrievably forfeited the confidence of Parliament and the people of Sri Lanka by causing losses to public finances, endangering national energy security, corruptly mishandling the procurement process, being subjected to active judicial proceedings for the offence of “corruption”, and betraying the Government’s own “anti-corruption mandate”, and his continued tenure as the Minister of Energy is contrary to the public interest, the rule of law, and the principles of good governance;
That this Parliament resolves that it has no confidence in the competence of Kumara Jayakody, Minister of Energy to function as a Minister of the Cabinet of Ministers any longer.”
by Saman Indrajith
News
Chinese Ambassador assures Lanka China will not allow a fuel crisis to develop here
Chinese Ambassador to Sri Lanka Qi Zhenhong yesterday assured that China would not allow a fuel crisis to arise in Sri Lanka, under any circumstances, reaffirming Beijing’s continued support to the country.
The Ambassador made these remarks addressing the media after attending a dry ration distribution programme for 350 low-income families at Sri Chandananda Buddhist College, at Asgiriya, in Kandy.
Highlighting the longstanding ties between the two countries, Ambassador Qi said China has consistently stood by Sri Lanka and remains ready to extend assistance whenever required.
Amid concerns over global energy disruptions, stemming from the ongoing Middle East conflict, he noted that several countries are already facing difficulties, but stressed that China is prepared to support Sri Lanka at any time.
He said that any potential fuel shortage in Sri Lanka could be managed with the involvement of China’s Sinopec.
Reiterating Beijing’s commitment to Sri Lanka’s economic recovery and development, the Envoy also expressed hope that the current ceasefire in the Middle East would hold, while assuring that China stands ready to respond to any future developments and assist Sri Lanka as needed.
By SK Samaranayake
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