News
China hosts reception for Lankan rescue mission that rushed to aid capsized Chinese fishing ship

On the evening of 06 June, an appreciation reception for the Sri Lanka’s search and rescue mission of the capsized Chinese fishing ship “Lu Peng Yuan Yu 028” was hosted at the Shangri- La Hotel Colombo by Ambassador of the People’s Republic of China, Qi Zhenhong.About 300 guests, including Sagala Rathnayake, Chief of Staff and Senior Adviser on National Security to the President, Dr. Bandula Gunawardana, Minister of Transport and Highways, Minister of Mass Media and Cospokesperson of Cabinet, Tharaka Balasuriya, State Minister of Foreign Affairs, Dewi Gustina Tobing,Ambassador of the Republic of Indonesia to Sri Lanka, Paul Stephens, the Australian High Commissioner to Sri Lanka, General Shavendra Silva, Chief of Defence Staff, Vice Admiral Priyantha Perera, Commander of the Sri Lanka Navy, and all the officers and sailors of the Sri Lanka Navy ship Vijayabahu P627 were present at the reception Ambassador Qi Zhenhong thanked President Ranil Wickremesinghe for his
decisive and timely decision to provide full assistance; appreciated the Ministry of Defence of Sri Lanka, the tri-forces,and all the officers and sailors of Sri Lanka Navy ship Vijayabahu for immediately responding and coming to their aid despite the long distance.
The. Chinese envoy specially paid most sincere appreciation and highest tribute to the nine brave divers, as well as all the countries and agencies involved in the search and rescue operation, for their timely help. “This is not only a joint action to fulfill international obligations,but also a glorious mission to demonstrate the spirit of international humanitarianism.”, said Ambassador Qi, “The Chinese government, the Chinese people and all the families of the crew members of the fishing boat will always remember this special friendship.
” Ambassador Qi stressed that the ruthless sea only highlights the compassion of humanity. “Through this search and rescue operation, we once again feel the fraternal friendship of the government,the people, and the military of Sri Lanka towards China. We also feel deeply that every country and nation belongs to the global village where we share weal and woe. At a time when global risks and challenges keep emerging, solidarity and cooperation is the only right way forward. Let us join hands to build a community with a shared future for mankind!”
Commander of the Sri Lanka Navy Vice Admiral Priyantha Perera gave a detailed introduction of the ins and outs of the rescue operation. He reviewed the danger of the diving and said that when the divers tried to enter the crew cabin area, it was just like a turbulence inside a washing machine. The gushing watermade the access impossible. Commander Perera specially mentioned that this mission was very special because of the international joint effort. Sagala Rathnayake, Chief of Staff and Senior Adviser on National Security to the President, said that Sri Lanka and China have enjoyed a relationship for a long time with cooperation in fields, including economy and defence. More importantly, China has helped Sri Lanka through many tough times. When it came to the moment to make the decision to carry out the rescue operation, it was not a difficult one.
It was not just the international obligations but also the historic relations and connections between the governments and peoples of Sri Lanka and China that let us make the decision. Nine (09) divers who participated in the salvage operation – Lieutenant Commander S.A.I.A Subhasinghe, Petty Officer K.P.A. Arunajith, Petty Officer E.M.D.A. Ekanayaka, Petty Officer D.D.N. Jayathissa, Leading Seaman H.D. Darshana, Leading Seaman N.M.C.L. Narayana, Able Seaman W.W.N.C. Sandaruwan, Able Seaman I.D.L.M. Dissanayaka, and Able Seaman R.S. Kumarage were invited to the centre of the stage where they were presented with flowers by Chinese diplomats and received tribute by all participants. Before the reception, a minute of silence for the victims of the tragedy was observed and a special video clip presented by the Sri Lankan Navy to introduce the heroic rescue mission was played.
The Chinese fishing boat “Lu Peng Yuan Yu 028” tragically capsized at the central part of the Indian Ocean on May 16, with 39 Chinese, Indonesian and Filipino crew members on board missing. China, together with Sri Lanka, Australia, India, Maldives, Indonesia, the Philippines and other countries had then carried out a joint search and rescue, which covered a total area of nearly 20,000 square nautical miles and the maximum possible drift region of people in distress.Sri Lanka immediately sent Navy ship Vijayabahu and a diving team to the accident site, which was more than 800 nautical miles away. The Sri Lankan divers were the first to dive into the water and enter the hull at the risk of their lives.
Latest News
Sun directly overhead Delft, Pooneryn, Elephant pass and Chundikulam at about 12:10 noon today (14th)

On the apparent northward relative motion of the sun, it is going to be directly over the latitudes of Sri Lanka during 05th to 14th of April in this year.
The nearest areas of Sri Lanka over which the sun is overhead today (14th) are Delft, Pooneryn, Elephant pass and Chundikulam at about 12:10 noon.
Business
IMF staff team concludes visit to Sri Lanka

An International Monetary Fund (IMF) team led by Evan Papageorgiou visited Colombo from April 3 to 11, 2025. After constructive discussions in Colombo, Mr. Papageorgiou issued the following statement:
“Sri Lanka’s ambitious reform agenda supported by the IMF Extended Fund Facility (EFF) continues to deliver commendable outcomes. The post-crisis growth rebound of 5 percent in 2024 is impressive. Inflation declined considerably in recent quarters and has fallen to ‑2.6 percent at end-March 2025. Gross official reserves increased to US$6.5 billion at end-March 2025 with sizeable foreign exchange purchases by the central bank. Substantial fiscal reforms have strengthened public finances.
“The recent external shock and evolving developments are creating uncertainty for the Sri Lankan economy, which is still recovering from its own economic crisis. More time is needed to assess the impact of the global shock and how its implications for Sri Lanka can be addressed within the contours of its IMF-supported program.
“The government’s sustained commitment to program objectives is ensuring policy continuity and program implementation remains strong. Going forward, sustaining the reform momentum is critical to safeguard the hard-won gains of the program and put the economy on a path toward lasting macroeconomic stability and higher inclusive growth.
“Against increased global uncertainty, sustained revenue mobilization efforts and prudent budget execution in line with Budget 2025 are critical to preserve the limited fiscal space. Boosting tax compliance, including by reinstating an efficient and timely VAT refund mechanism, will help contribute to revenue gains without resorting to additional tax policy measures. Avoiding new tax exemptions will help reduce fiscal revenue leakages, corruption risks and build much needed fiscal buffers, including for social spending to support Sri Lanka’s most vulnerable. Restoring cost recovery in electricity pricing will help minimize fiscal risks arising from the electricity state-owned enterprise.
“The government has an important responsibility to protect the poor and vulnerable at this uncertain time. It is important to redouble efforts to improve targeting, adequacy, and coverage of social safety nets. Fiscal support needs to be well-targeted, time-bound, and within the existing budget envelope.
“While inflation remains low, continued monitoring is warranted to ensure sustained price stability and support macroeconomic stability. Against ongoing global uncertainty, it remains important to continue rebuilding external buffers through reserves accumulation.
“Discussions are ongoing, and the authorities are encouraged to continue to make progress on restoring cost-recovery electricity pricing, strengthening the tax exemptions framework, and other important structural reforms.
“The IMF team held meetings with His Excellency President and Finance Minister Anura Kumara Dissanayake, Honorable Prime Minister Dr. Harini Amarasuriya ; Honorable Labor Minister and Deputy Minister of Economic Development Prof. Anil Jayantha Fernando, Honorable Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma, Central Bank of Sri Lanka Governor Dr. P. Nandalal Weerasinghe, Secretary to the Treasury Mr. K M Mahinda Siriwardana, Senior Economic Advisor to the President Duminda Hulangamuwa, and other senior government and CBSL officials. The team also met with parliamentarians, representatives from the private sector, civil society organizations, and development partners.
“We would like to thank the authorities for the excellent collaboration during the mission. Discussions are continuing with the goal of reaching staff-level agreement in the near term to pave the way for the timely completion of the fourth review. We reaffirm our commitment to support Sri Lanka at this uncertain time.”
News
New Year dawns at the auspicious time of 03.21 a.m. tomorrow (14).

The Sinhala and Tamil New Year will dawn at the auspicious time of 03.21 a.m. tomorrow (14th Monday).
The auspicious time to light the hearth and prepare the first meal is at 0404 am on Monday (14) facing South.
The auspicious hour to commence work, perform the first transactions and partaking of the first meal is at 0644 am facing South dressed in white coloured clothes.
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