Categories: Business

Link more with Japan to face crisis: PM

Prime Minister Ranil Wickremesinghe had told a group of Ministers and economic experts that Sri Lanka should enhance its economic and trade ties with Japan as a precaution for the ongoing economic crisis.

Prime Minister had expressed these sentiments at a meeting he had with a group of Ministers and experts on the current economic situation prior to his departure to Norway.

He has told the Ministers and experts that Sri Lanka should enhance its economic and trade ties with Japan as that country was the only country, which has managed to maintain its currency to some extent in the wake of devaluation as a result of strengthening the dollar.

The Prime Minister has said that Sri Lanka should try to attract more investments from Japan.

Meanwhile, Minister Lakshman Kiriella said that Sri Lanka had taken timely action to get Japanese assistance for the development of Kandy.

He has said more investments would come in from Japan as a result.

One of the main projects that have been lined up is converting Bogambara Prison as a tourist centre and the expanding of the Kandy City limits up to Kundasale.

Lankanewspapers

Recent Posts

LNP – Sustainability Awards 2024 honours eco-friendly tourism practices

The 2024 Sustainability Awards, organised by the Delegation of German Industry and Commerce in Sri…

21 hours ago

LNP – President Dissanayake to visit India in December – report

Sri Lankan President Anura Kumara Dissanayake will visit India at the invitation of the Indian…

21 hours ago

LNP – Lohan Ratwatte’s bail request moved to December

The Court of Appeal has granted time for the Attorney General (AG) to fie objections…

21 hours ago

LNP – Dr. Harini Amarasuriya assumes duties as PM

National People’s Power (NPP) MP Dr. Harini Amarasuriya has officially assumed duties in the office…

1 day ago

LNP – Gazette issued declaring Ravi Karunanayake as NDF’s National List MP

The Election Commission of Sri Lanka has issued a Gazette notification declaring that former minister…

1 day ago

LNP – President urges IMF to strike a balance in Sri Lanka’s economic recovery program

The government of President Anura Kumara Dissanayake has reaffirmed its readiness to collaborate with the…

1 day ago