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Monday June 3rd, 2024

Sri Lanka’s China-backed Hambantota Port eyes container transshipment

ASIAN LINKS: Hambantota International Port Group delegation meeting Port Authority of Thailand

ECONOMYNEXT – Sri Lanka’s China-backed Hamtantota Port Group said it was getting ready for container transshipment in 2024 after gaining a key position in the roll-on-roll-off vehicle shipping business.

“We continue to grow our RORO and bunkering businesses and saw exponential growth in 2023,” Lance Zuo, General Manager, Commercial and Marketing of HIPG said in a statement.

“In 2024 we will be looking at container transshipment for which the port is now ready.”

HIPG delegation had met with Ports Authority of Thailand and Ranong Port to strengthen a partnership. HIPG hoped to invite teams from the Thai port authority and the Ranong Port to explore and evaluate possible business opportunities.

HIPG had signed an agreement with the Thai Port Authority before the Covid pandemic hit the global economy.

“But now, the time is right to reconnect with Thailand, particularly with the Ranong Port, because international businesses are seeking more and more opportunities with the Sri Lankan economy,” Johnson Liu, Chief Executive of HIPG said.

“As ports, one of the most important aspects is our location, in terms of offering the best connectivity to businesses on key maritime routes, and secondly, providing efficient services and facilities in order to ensure easy cargo movement, transshipment and transportation.

“Connecting with the Ranong Port which operates under PAT is an obvious choice for Hambantota International Port in making strides to the BIMSTEC region.”

Late last year HIPG took part in the Port Development South East Asia Summit (PDSEAS 2023) in Vietnam, the only South Asian port to do so.

“Here in Hambantota, we have the strategic advantage of being in close proximity to the East West sea routes,” Liu was quoted as saying last November.

“Whilst connecting to this advantage we are looking at ports in the South Asian region and direction to HIP.

“This enables us to project our services to these ports and provide logistical support to those who wish to connect with HIP either for transshipment or to actually set up a base to manufacture products in Sri Lanka, for export to various markets within and outside the region.

“While our transshipment business in RORO has expanded tremendously, HIP is developing the next area of expansion by opening up its industrial park adjacent to the port complex.”

China’s CM Ports group which has a stake in the Hambantota Port operating company, also owns a container terminal in Colombo.

China also plans to link Sri Lanka to a Myanmar economic corridor. (Colombo/Feb14/2024)

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Water levels rising in Sri Lanka Kalu, Nilwala river basins: Irrigation Department

Sri Lanka Navy assisting in rescue operations (Pic courtesy SL Navy)

ECONOMYNEXT – Sri Lanka’s Irrigation Department has issued warnings that water levels in the Kalu and Nilwala river basins are rising and major flooding is possible due to the continuous rain. People living in close proximity are advised to take precautions.

“There is a high possibility of slowly increasing prevailing flood lowline areas of Kiriella, Millaniya, Ingiriya, Horana, Dodangoda, Bulathsinhala, Palinda Nuwara and Madurawala D/S divisions of Ratnapura and Kalutara Districts, up to next 48 hours,” it said issuing a warning.

“In addition, flood situation prevailing at upstream lowline areas of Ratnapura district will further be prevailing with a slight decrease.

“The residents and vehicle drivers running through those area are requested to pay high attention in this regard.

“Disaster Management Authorities are requested to take adequate precautions in this regard.”

The island is in the midst of south western monsoon.

DMC reported that 11,864 people belonging to 3,727 families have been affected due to the weather in Rathnapura, Kegalle, Kilinochchi, Jaffna, Mullaitivu, Kalutara, Gampaha, Colombo, Galle, Matara, Hambantota, Puttalam, Kurunegala, Kandy, Nuwara Eliya, Anuradhapura, Polonnaruwa, Badulla, Moneragala, and Trincomalee districts.

Meanwhile, the Meteorology Department stated that showers are expected on most parts of the island today.(Colombo/June3/2024)

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UNP gen secy defends call for postponing Sri Lanka poll, claims opposition silent

The UNP party headquarters in Pitakotte/EconomyNext

ECONOMYNEXT — United National Party (UNP) General Secretary Palitha Range Bandara has defended his call for postponing Sri Lanka’s presidential election by two years, claiming that his proposal was not undemocratic nor unconstitutional.

Speaking to reporters at the UNP headquarters Monday June 03 morning, Bandara also claimed that neither opposition leader Sajith Premadasa nor National People’s Power (NPP) leader Anura Kumara Dissanayake have spoken against his proposal.

“I have made no statement that’s undemocratic. My statement was in line with provisions of the constitution,” the former UNP parliamentarian said.

He quoted Section 86 of Chapter XIII of the constitution which says: “The President may, subject to the provisions of Article 85, submit to the People by Referendum any matter which in the opinion of the President is of national importance.”

Sections 87.1, 87.2 also elaborates on the matter and describes the parliament’s role, said Bandara.

“I spoke of a referendum and parliament’s duty. Neither of this is antidemocratic or unconstitutional. As per the constitution, priority should be given to ensuring people’s right to life,” he said.

“Some parties may be against what I proposed. They may criticse me. But what I ask them is to come to one position as political parties and make a statement on whether they’re ready to continue the ongoing economic programme,” he added.

Bandara claimed that, though thee has been much criticism of his proposal for a postponement of the presidential election, President Wickremesinghe’s rivals Premadasa and Dissanayake have yet to remark on the matter.

“I suggested that [Premadasa] make this proposal in parliament and for [Dissanayake] to second it. But I don’t see that either Premadasa nor Dissanayake is opposed to it. To date, I have not seen nor heard either of them utter a word against this. I believe they have no objection to my proposal which was made for the betterment of the country,” he said. (Colombo/Jun03/2024)

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300 of 100,000 trees in Colombo considered high risk: state minister

ECONOMYNEXT – Trees in Sri Lanka’s capital Colombo are being monitored by the municipal council, Army and Civil Defense Force as the severe weather conditions continue, State Minister for Defense Premitha Bandara Tennakoon said.

“Within the Colombo Municipal Council city limits, there are 100,000 trees. Of these, around 300 are considered high risk,” Tennakoon told reporters at a media conference to raise awareness about the current disaster management situation.

Not all trees required to be cut down he said. “We can trim some of the branches and retain them.”

The problem was that buildings in the vicinity of the tree had cut branches on one side, causing it to become unbalanced, the minister said.

New laws would be brought in so provincial/municipal institutions could strengthen enforcement of building codes.

“We don’t have a single institution that can issue a warning about a tree. Not one to tell us what trees can or cannot be planted near a road.

“Trees should be suitable for the area. Some trees have roots that spread and damage roads, buildings. When the roots can’t go deep, they tend to topple over.

“Now Environment Day is coming up, and anyone can go plant a tree by the road. We have to take a decision about this. We have to enforce laws strongly in future.” (Colombo/June3/2024)

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