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Norway to sign new agreement with SL on development of fisheries management tools – Ambassador

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Norwegian Ambassador to Sri Lanka, Trine Jøranli Eskedal, called on Prime Minister Mahinda Rajapaksa at Temple Trees on Thursday.

The envoy congratulated the Prime on winning the parliamentary election and commended the well-organized election held in a peaceful manner in keeping with for Covid-19 guidelines.

She also noted that Sri Lanka has had great success in preventing the spread of Covid-19 with early and rapid mobilization.

Ambassador Eskedal said that Norway is looking forward to working with the new government, and appreciate the good bilateral relationship and long-term partnership with Sri Lanka. She underscored that the two countries have a number of areas of common interest, such as sustainable ocean economies, private sector cooperation, and development.

She also highlighted the potential for further developing the commercial relations between the two countries, as Norwegian investors are especially interested ICT, renewable energy, solar, wind and hydropower, as well as the maritime sector.

The Ambassador noted that from 2013 to 2019, USD 2.3 million has been disbursed to the Sri Lankan fisheries sector, and that in September, Norway expects to sign a new agreement with Sri Lanka on the development of fisheries management tools.  

Prime Minister Rajapaksa and Ambassador Eskedal also discussed the economic impact of Covid-19. Ambassador Eskedal said that in April this year, Norway took the initiative for a UN multi-donor trust fund on Covid-19 to assist countries in need to tackle the long-term socio-economic consequences of the coronavirus crisis. Sri Lanka has received USD 1 million from this fund so far.

She also pointed out that with Covid-19, there is a need to strike the right balance between the national security and individual freedoms.



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Navy seize two Indian fishing boats poaching in Sri Lankan waters north of Mannar

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The Sri Lanka Navy seized two [02] Indian fishing boats and apprehended 14 Indian fishermen while they were poaching in Sri Lankan waters, during a special operation conducted in the sea area north of Mannar in the dark hours of 08 Feb 25.

The seized boats  together with the fourteen Indian fishermen were brought to the Iranativu Island and they were to be handed over to the Assistant Directorate of Fisheries, Kilinochchi for onward legal proceedings.

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Islandwide power outage

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A sudden power cut has been reported across the island.

Accordingly, the Ceylon Electricity Board (CEB) said steps are being taken to restore the power supply.

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Business

President invites exporters to rise again from the economic setback

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President Anura Kumar Disanayake invited Sri Lankan exporters to rebuild and thrive on a robust economic foundation.

The President emphasized that our country faces the challenge of capturing market share from a position of relative weakness. He pointed out that, to overcome this, external support had to be sought. In this regard, he highlighted that the government is prepared to provide assistance for recovery based on the current economic stability.

President Anura Kumar Disanayake made these remarks at the 26th Presidential Export Awards Ceremony.

The 26th Presidential Export Awards, organized by the Sri Lanka Export Development Board (EDB), was held on Friday (07) at the Bandaranaike Memorial International Conference Hall (BMICH) under the patronage of President Anura Kumar Disanayake.

The main objective of the awards ceremony is to recognize exporters who have made significant contributions to the economic development of Sri Lanka.

The Presidential Export Award, presented by the President, is the highest honour for Sri Lankan exporters who have made significant contributions to the export sector and economic development.

The Presidential Export Awards program, initiated by the EDB in 1981, has been held annually to recognize Sri Lanka’s top exporters. The awards ceremony for the 2023/24 financial year took place this year.

A total of 14 major awards and 51 awards in the categories of production and services were presented, with recipients gaining the opportunity to use the Presidential Export Award logo as a marketing tool for three years.

President Anura Kumar Disanayake further emphasized the critical importance of the trust placed in Sri Lanka by international economic stakeholders to stabilize the country’s economy. He noted that the global market economy is interconnected, not entirely independent.

He further pointed out that the primary challenge facing Sri Lanka is securing a substantial share of the market amidst the current global division of markets and the ongoing competition to reclaim market shares.

President Anura Kumar Disanayake noted that the global market has become an interconnected network. He emphasized that in order for the country to become a key participant in this market, it must engage in trade agreements that are beneficial to Sri Lanka. He cautioned that aggressive, reckless approaches to market penetration would not be successful, stressing the need for strategic, thoughtful engagement.

The President further stated that the government is already taking steps to provide the necessary technical support for Sri Lankan exporters to enter the market with high-quality products. He highlighted the government’s focus on supplying new goods and services in response to global changes, in line with international market trends.

Regarding the reduction of electricity bills, the President mentioned that the government is prioritizing renewable energy sources to maintain long-term stability in energy costs. He added that efforts are underway to lower costs and ensure stable pricing over the next few years.

President Disanayake also emphasized that the government is committed to playing a pivotal role in advancing the nation’s economy to new heights. He noted that even small or misguided decisions can have significant negative impacts on the economy, and therefore, decisions regarding the economy must be made with great caution and foresight.

In his remarks, the President assured that the government is fully committed to fulfilling exporters’ requests, which are vital to strengthening the nation’s economy and maintaining a strong economic foundation.

Finally, the President invited Sri Lankan exporters to unite in strengthening the economy, stressing the importance of collaboration and mutual understanding to navigate the challenges of economic recovery and growth effectively.

The ceremony was attended by several distinguished individuals, including Minister of Industry and Entrepreneurship Development Sunil Handunnetti, Minister of Labour and Deputy Minister of Economic Development Anil Jayantha Fernando, Minister of Energy Kumara Jayakody, Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe, Secretary to the Ministry of Industry and Entrepreneurship Development Thilaka Jayasundara, Chairman and Chief Executive of the Export Development Board of Sri Lanka Mangala Wijesinghe, Chairman of the Ceylon Chamber of Commerce Duminda Hulangamuwa, along with various Ministers, Deputy Ministers, Parliamentarians, foreign diplomats, Secretaries to the Ministries, and members of the EDB.

[PMD]

 

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