News
RW blames NPP govt. for failing to secure Adani investments
Former President Ranil Wickremesinghe has raised concerns over Sri Lanka’s failure to move forward with large-scale foreign investments, warning that the stalled USD 700 million Adani project alone is a major setback for the country’s economic recovery.
“Adani’s project is about USD 700 million. That’s no joke. We need that money to recover,” Wickremesinghe emphasised, pointing out that additional development projects in Trincomalee could have brought in another USD 400–500 million.
“Just imagine—over a billion dollars in investments has been stopped,” he added.
Joining Ada Derana’s current affairs programme ‘@Hydepark’ recently, Wickremesinghe also expressed disappointment at Sri Lanka’s uncertain stance on these projects, particularly in relation to its commitments under the 2023 Indo-Sri Lanka Vision Document.
“Most of the Indians I met recently—it was embarrassing for me. I told them these projects were under consideration, but the truth is that I don’t know whether they are still being considered or have been rejected,” Wickremesinghe said, warning that delays in these investments could damage Sri Lanka’s economic ties with India and deter other potential investors.
“Once India invests in us, others will follow. By 2050, India will be the world’s second-largest economy. We need growth, and the only way to achieve it is by working with other countries and creating an attractive environment for foreign investment,” the former President said.
While acknowledging that Sri Lanka has reached a point of economic stabilisation, Wickremesinghe stressed the need for long-term reforms.
“Right now, we are only stabilizing—nothing more. To move ahead, we need major changes. We don’t need to be poor. We can build a trillion-dollar economy, and we must go for it,” he noted.
The Prime Minister, Dr. Harini Amarasuriya, paid a solemn visit to the Embassy of the Vatican in Colombo today (25) to offer condolences on behalf of the Government and the people of Sri Lanka on the passing of His Holiness Pope Francis.
During the visit, Dr. Amarasuriya signed the book of condolence, expressing deep sorrow over the demise of the beloved spiritual leader and extending heartfelt sympathies to the Catholic community both in Sri Lanka and around the world:
The Prime Minister was received by the Archbishop Brian N. Udaigwe, Apostolic Nuncio of the Apostolic Nunciature, the Vatican Embassy in Colombo and other officials.
[Prime Minister’s Media Division]
President Anura Kumara Disanayake conducted an inspection tour of Kandy city on Thursday (24) night to inspect the progress of the “Siri Dalada Wandanawa” and the related issues that have emerged.
The President held an urgent meeting with relevant officials to address the issues related to sanitation facilities for devotees visiting Kandy to venerate the sacred tooth relic
Agriculture, Livestock, Land and Irrigation Minister K.D. Lalkantha, Diyawadana Nilame of the Sri Dalada Maligawa Nilanga Dela Bandara , Acting Inspector General of Police Priyantha Weerasuriya, Army Commander Lieutenant General Lasantha Rodrigo, Governor of the Central Province Prof. Sarath Abeykoon, Kandy District Secretary Indika Udawatte and others participated in this meeting.
[PMD]
A Sri Lankan delegation met with US Trade Representative Ambassador Jamieson Greer on the 22nd of April, 2025 at the US Trade Representative Office in Washington D.C.
The Sri Lankan delegation, on the instructions of President Disanayaka, who is also the Minister of Finance, handed over the originals of communications addressed to US Trade Representative Ambassador Greer
The delegation updated Ambassador Greer on the challenges that Sri Lanka has faced in the past and the steps that are being taken by the Government of Sri Lanka to overcome future challenges and move towards full economic recovery. The delegation also highlighted the prompt and positive commitment of the Government of Sri Lanka to work with the US Government in reducing the trade deficit, and lowering tariff and non-tariff barriers.
Ambassador Greer acknowledged the proposals made by the Sri Lankan government and expressed hope that an agreement can be reached soon between the two countries to ensure fair and equitable trade relations.
Later on that day, the Sri Lankan delegation met with the USTR delegation appointed by Ambassador Greer lead by Assistant United States Trade Representative, In-charge of South and Central Asia, Brendan Lynch along with Director In-charge of South Asia, Emily Ashby to discuss further the appeal made in writing by Sri Lanka to the US. The two sides agreed to continue the discussions with the objective of finalizing a bilateral trade agreement between the two countries. Both sides expressed the desire to finalize the agreement in the shortest possible time period.
The Office of the U.S. Trade Representative (USTR) is responsible for developing and coordinating U.S. international trade, commodity, and direct investment policy, and overseeing negotiations with other countries. The head of USTR is the U.S. Trade Representative, a Cabinet member who serves as the president’s principal trade advisor, negotiator, and spokesperson on trade issues.
[PMD]
PM pays condolence to pope Francis at the Embassy of the Vatican in Colombo
President conducts an inspection tour of Kandy city
Sri Lankan delegation meets with US Trade Representative
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