News
Lotus Tower to be opened to public three years after opening

The Lotus Tower, built at a cost of USD 113 mn will be opened to the public on 15 Sept. Former President Maithripala Sirisena declared open the tallest self-supported structure in South Asia on 16 Sept 2019, though it was not opened to the public.
The Presidential Media Division (PMD) yesterday said that a Chinese company had provided US$ 88.65 mn. “The loan installments are due to be completed by 2024. Already, USD 66.3936 mn of the loan has been paid.
“The Colombo Lotus Tower Private Company is a company established in March, this year, under the Treasury, and all its transactions are audited by the Auditor General’s Department. The loan agreement between the Telecommunication Regulatory Commission and China was initiated and the work on the Lotus Tower commenced in 2012.
Although its construction was planned to be completed in 2015, the planned date of completion could not be met. The Chinese company completed the construction work and handed over the Lotus Tower to the Government of Sri Lanka on February 28, 2022. Thereafter, Colombo Lotus Tower Pvt. Ltd. was established and its operations were entrusted to the company.
The Chief Administrative Officer of Colombo Lotus Tower Pvt. Ltd Major General (Ret.) Prasad Samarasinghe, said that the Lotus Tower is planned to avail new technological experiences along with entertainment similar to those found in wealthy countries around the world.
Among the attractions offered at Lotus Tower are adventure sports such as sky diving and
bungee jumping. Samarasinghe explained that so far 80 percent of local investors and 20 percent of foreign investors have joined the investment opportunities at the Lotus Tower.
Dialog Telecom Company and Sri Lanka Telecom Company have already reached agreements for investments of Rs. 200 million each.”

News
Gnanasara Thera urged to reveal masterminds behind Easter Sunday terror attacks

Religious and civil society leaders have called upon Ven. Galagodatte Gnanasara Thera to share whatever information he claims to possess with regard to the Easter Sunday terror attacks and their masterminds.
Addressing the media at the Centre for Society and Religion in Colombo, Lawyer Manoj Nanayakkara said Ven. Gnanasara Thera claimed to have information related to the terror attacks and the masterminds behind them.
“The question is why he does not go to the law enforcement agencies and share the information he claims to possess. There is no purpose in making such statements at press conferences. As a citizen, his duty is to share this information with the investigating authorities. Therefore, we believe that Gnanasara Thera is engaging in a political ploy at the behest of someone else. He should be aware that intentionally withholding information about a brutal massacre and failing to share it with the investigating authorities is an offense punishable under the Penal Code,” Nanayakkara said.
Nanayakkara mentioned that 71 months had passed since the Easter Sunday attacks, yet justice has not been served for the victims.
He called on President Anura Kumara Dissanayake to begin implementing the recommendations outlined in the Special Presidential Commission of Inquiry that investigated the Easter Sunday terror attacks, without further delay.
“We are approaching the sixth anniversary of this heinous crime, which claimed nearly 275 lives and injured twice as many others. President Dissanayake promised to conduct a fresh investigation into this crime. In the meantime, he could implement the recommendations of the Special Presidential Commission that probed the Easter Sunday terror attacks. This would demonstrate that the current government is keeping its word to deliver justice to the victims,” Nanayakkara said.
Rev. Fr. Julian Patric Perera, Rector of St. Joseph Vaz Deva Dharma Niketanaya, also addressed the press conference.
By Norman Palihawadane
News
IMF asks SL to maintain reform momentum to stabilise economy

The International Monetary Fund (IMF) says that the economic recovery is gaining momentum in Sri Lanka but it remains vulnerable, making it critical that the reform momentum be sustained to ensure that macroeconomic stability and debt sustainability are durably achieved.
Speaking during the IMF’s weekly press briefing, IMF Spokesperson Julie Kozack stated that the fourth tranche of $334 million was made available to Sri Lanka to support its economic policies and reforms, immediately after the Executive Board approved the Third Review.
“On Friday, February 28th, the IMF Executive Board approved the Third Review under the EFF (Extended Fund Facility) arrangement for Sri Lanka. And this provided the country with immediate access to $334 million of support.”
“So, yes, once the Board approved that Third Review, the $334 million was made available to Sri Lanka to support its economic policies and reforms. And with this $334 million, it brings total financial support from the IMF to Sri Lanka to $1.34 billion”, Kozack confirmed.
Furthermore, the IMF Spokesperson said that reforms in Sri Lanka are bearing fruit and that the economic recovery is gaining momentum.
She noted that inflation remains low in Sri Lanka, revenue collection on the fiscal side is improving, and international reserves are continuing to accumulate.
Economic growth reached 5 percent in 2024, and that was after two years of economic contraction, she added, highlighting that the IMF do expect the recovery to continue in 2025.
“These are all very positive developments for Sri Lanka and for the people of Sri Lanka”, Kozack expressed.
Meanwhile, the IMF Spokesperson also mentioned: “All of this said, the economy still does remain vulnerable, and, therefore, it is critical that the reform momentum be sustained to ensure that macroeconomic stability and debt sustainability are durably achieved.”
In response to a question raised by a journalist on the IMF’s take on the proposal to list Sri Lanka’s State-Owned Enterprises (SOEs) in the Colombo Stock Exchange given that the programme also calls for extensive reforms in SEOs, Kozack denied a comment, stating, “I don’t have anything for you on that regarding the SOEs, but we’ll come back to you bilaterally.”
News
Ravi K. accuses two individual of undermining UNP

New Democratic Front MP Ravi Karunanayake has accused two prominent members of the UNP of deliberately destabilising the party.
Speaking at a media briefing, MP Karunanayake stated that it was clear these two individuals were working to undermine the UNP.
He went on to claim that party leader Ranil Wickremesinghe had been “taken hostage,” by those individuals.
“I am currently the only member capable of presenting the UNP’s programmes in Parliament. Yet, these two members have shown us no respect, treating us like outsiders and excluding us from key decisions,” Karunanayake said.
“We are not even being informed about party meetings; this is clearly a stepmotherly treatment.”
Karunanayake further claimed that the two individuals were only focused on fighting for leadership positions within the party, such as the Chairmanship or the post of General Secretary, instead of prioritising unity and collaboration for the party’s future.
The MP also expressed concern that the actions of these individuals might be part of a larger conspiracy, questioning whether they were being orchestrated by external forces.
In response to rumours suggesting that he had approached the SJB, Karunanayake strongly denied the claims, asserting that such rumours were being spread by the two members working to undermine the UNP.
“These rumours are nothing more than attempts to discredit me, orchestrated by those who are sabotaging the party from within,” he said.
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