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Premature speculations could undermine market confidence – Semasinghe

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By Rathindra Kuruwita

State Minister of Finance Shehan Semasinghe has cautioned against premature speculation regarding domestic debt optimisation, which, he says, has not been finalized.Speaking to journalists, on Sunday, Semasinghe stressed the government’s commitment to ensuring the stability of the banking and financial sector. He urged responsible and diligent discussions on the matter, as premature speculations could potentially undermine market confidence.

“The process of domestic debt optimisation is not finalised yet. The government is fully committed to ensure the stability of the banking and financial sector. Recognising the sensitivity, premature speculations without a conclusion could potentially undermine market confidence,” Semasinghe said.

Semasinghe highlighted the progress made in engaging with bilateral creditors for debt restructuring efforts. He expressed optimism that these engagements would lead to favourable agreements that contribute to overall stability.

Central Bank Governor Nandalal Weerasinghe also reassured the public about the safeguarding of public bank deposits and the stability of the banking system in any reorganization of domestic debt. Addressing a public forum, Weerasinghe emphasized that financial sector stability is a key objective of the central bank, and measures will be taken to ensure the protection of public deposits and the overall stability of the banking system.



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SAARC journalists meet in New Delhi

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President of SJF Sri Lanka Chapter Rahul Samantha Hettiarachchi hands over a memento to Dr Alok Kumar Mishra Joint Secretary of the Association of Indian Universities

Members of the South Asian Journalists Forum have gathered  at the University of  New Delhi for a two day conference themed ‘Peace and Co-operation’.

Journalists from Bangladesh,  Nepal, Sri Lanka and India are attending the conference hosted by the  University of Delhi in collaboration with the India Chapter of SJF, and  will deliberate on how the media can act as a catalyst for regional stability and mutual coexsistence.

A tree plantation campaign was also held at the Ghandi Bhawan premises of the University to mark the event and symbolize growing regional ties.

The Sri Lanka delegation is led by President of SJF’s Sri Lanka Chapter Rahul Samantha Hettiarachchi.

 

 

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Governor of Gujarat met with Sri Lanka PM to discuss exposition of Devnimori Relics

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The Governor of the of Gujarat,  Acharya Devvrat, along with the Deputy Chief Minister of Gujarat,  Harsh Sanghvi, met with Prime Minister Dr. Harini Amarasuriya on Thursdy [February 05]  at the Parliamentary Complex to discuss the arrangements related to the exposition of the Devnimori Sacred Relics of  Lord Buddha, which have been brought to Sri Lanka under the patronage of Indian Prime Minister Narendra Modi and the Government of India.

These sacred relics of  Lord Buddha were discovered during archaeological excavations conducted in the 1960s at the historic Devnimori site in Gujarat, the home state of Indian Prime Minister Narendra Modi. Until now, these relics had never been taken outside India. As a result of discussions held between President Anura Kumara Dissanayake and Indian Prime Minister Narendra Modi during his recent visit to Sri Lanka, the people of Sri Lanka have been granted this rare opportunity to venerate these sacred relics.

The exposition of the relics is being held for a period of seven days, from February 05 to February 11, at the Gangaramaya Temple in Hunupitiya, Colombo. Discussions were held between both parties regarding the arrangements related to this event.

The discussion was attended by Samar Nanda, Joint Secretary of the Indian Ministry of Culture; Dr. Satyanjal Pandey, Acting High Commissioner of India in Sri Lanka;  Abhijit Halder, Director General of the International Buddhist Confederation; along with several others.

[Prime Minister’s Media Division]

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INS GHARIAL makes port call in Colombo

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The Indian Naval Ship (INS) GHARIAL made a port call in Colombo for operational turnarounds on 04 Feb 26. The Sri Lanka Navy welcomed the visiting ship in compliance with naval traditions.

Commanded by Commander Gaurav Tewari, INS GHARIAL is a vessel with a length of 124.8 meters.

During this visit, ten (10) Bailey Bridges, brought by ship, through the coordination of the High Commission of India in Sri Lanka, will be handed over to the Disaster Management Center. These bridges will provide temporary transportation links while bridges damaged across the island by adverse weather conditions are repaired.

The crew’s itinerary features scheduled goodwill activities with the Sri Lanka Navy, alongside visits to several tourist attractions across the island.

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