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Sri Lankan delegation meets with US Trade Representative

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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]



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Veteran actress Malini Fonseka passes away at the age of 78

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It has been reported that veteran Sri Lankan actress and former member of parliament,  Malini Senehelatha Fonseka, popularly known as ‘Malini Fonseka’ or the “Queen of Sri Lankan Cinema,” has passed away this morning (24) at the age of 76, while receiving treatment at a private hospital in Colombo.

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Duminda Dissanayake arrested after recovery of gold plated T-56 rifle

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Duminda Dissanayake

The Terrorism Investigation Division (TID) has begun extensive questioning of former Minister Duminda Dissanayake regarding how he came into possession of a gold-plated T-56 assault rifle and for what purpose it was hidden, after the weapon was seized from a house in the Havelock City luxury housing complex in Colombo.

Investigations have revealed that this T-56 rifle had been hidden for a long time at an official ministerial residence located in Bambalapitiya, which was previously assigned to Dissanayake.

Following the change in government, it was discovered that the former Minister had sent the T-56 rifle through his personal aide to the residence of a 68-year-old woman living in the Havelock City complex, after vacating his official residence.

The aide is reported to have placed the weapon in a travel bag and carried it on foot from the Bambalapitiya ministerial residence to the Havelock City apartment, where it was handed over to the woman.

Subsequent investigations into the T-56 rifle, which was recovered from the Havelock City residence, confirmed that the weapon belonged to former Minister Duminda Dissanayake, leading to his arrest and the commencement of further inquiries.

At that time, the Minister’s aide had also been taken into custody and provided full details regarding the weapon.

According to the aide’s statement to the police, he had been instructed by the former Minister to deliver the bag containing the weapon to the woman at the Havelock City residence during the process of clearing belongings from the official residence.

In line with this information, TID officers inspected a house in Kotte yesterday morning, but the former Minister was not found there. He was later arrested at a luxury residence in Thimbirigasyaya during a follow-up search.The Terrorism Investigation Division continues to carry out further investigations in connection with the case.

By Norman Palihawadane and Hemantha Randunu

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IMF signals difficult obstacle course for Lankan government to complete, including power tariff hikes to ensure cost recovery

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The International Monetary Fund (IMF) says that the approval for the fourth review of Sri Lanka’s programme, under the Extended Fund Facility (EFF), is contingent on the government completing prior actions, including restoring electricity cost recovery pricing.

Addressing the IMF’s weekly press briefing on Thursday the IMF spokesperson Julie Kozack stated that the completion of the review is subject to approval by the executive board and that the IMF expects the board meeting to take place in the coming weeks.

However, Kozack noted that the precise timing of that board meeting is contingent on two things – the first is the implementation of prior actions. She stated that the main prior actions are relating to restoring electricity cost recovery pricing and ensuring proper function of the automatic electricity price adjustment mechanism.

The second contingency is the completion of the financing assurances review which will focus on confirming multilateral partners committed financing contributions to Sri Lanka and whether adequate progress has been made in debt restructuring, the IMF spokesperson highlighted.

“So in a nutshell, completion of the review is subject to approval by the executive board. We expect the board meeting to take place in the coming weeks and it is contingent on the two said matters”, Kozack expressed.

On 25th April, the IMF staff and the Sri Lankan authorities reached staff-level agreement on the fourth review of Sri Lanka’s programme under the EFF. Once the review is approved by the IMF executive board, Sri Lanka will have access to about USD 344 million in financing.

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