Philippines: Latest News

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Sri Lankans - Sri Lankan migrants in Vietnam will be repatriated soon - newsfirst.lk - Philippines - Singapore - Sri Lanka - city Singapore - Vietnam
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Sri Lankan migrants in Vietnam will be repatriated soon
COLOMBO (News 1st) – Sri Lanka's Ministry of Foreign Affairs said that it continues to monitor the progress of the passengers of Sri Lankan origin who were rescued and bought to the Port of Vung Tau in Viet Nam on 08 November 2022.The Ministry of Foreign Affairs informed the Sri Lanka Navy that they had received information about a vessel carrying approximately 303 persons believed to be Sri Lankans which was in distress in the waters between the Philippines and Viet Nam on 07 November 2022.  Sri Lanka Navy having contacted the vessel, informed that the crew had abandoned the vessel with the passengers onboard. On the initiative of the Ministry of Foreign Affairs in coordination with the Sri Lanka Navy and the Sri Lanka Missions in the Philippines, Singapore and Viet Nam together with the regional Maritime Rescue Coordination Centers (MRCC) based in Singapore, the rescue efforts were coordinated, said the Foreign Ministry.Subsequently, the Japanese-flagged vessel, “Helios Leader”, having been contacted by the Singapore MRCC, rescued the passengers from the distressed vessel. The passengers were handed over to Viet Nam authorities at Vung Tau Port in South Viet Nam.The screening of the passengers will be done by the International Organization for Migration (IOM) in coordination with the Viet Nam authorities and the Sri Lanka Embassy in Viet Nam.
Ranil Wickremesinghe - Fumio Kishida - Shunichi Suzuki - China & India should get involved to solve Sri Lanka’s debt issue – Japanese FM - newsfirst.lk - China - Philippines - Japan - India - Sri Lanka - city Tokyo, Japan - city Manila, Philippines
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China & India should get involved to solve Sri Lanka’s debt issue – Japanese FM
Tokyo, Japan (Kyodo) – Japan is prepared to "do its part" over Sri Lanka's debt issue, but other creditors, such as China and India, should also be involved in efforts to resolve it, Finance Minister Shunichi Suzuki said Thursday (29).Suzuki made the remarks after meeting with Ranil Wickremesinghe, president of Sri Lanka, which has reached a preliminary agreement with the International Monetary Fund on a $2.9 billion loan as the Asian nation needs to restructure its massive debt.Suzuki said he urged Sri Lanka during Thursday's meeting to provide the necessary information, make its own efforts to get China, India and other creditors involved and boost transparency."Japan will do its part if such preconditions are met," Suzuki told reporters without elaborating in the Philippine capital Manila, where he attended a meeting of the Asian Development Bank.During his visit to Japan, the Sri Lankan president met Wednesday with Japanese Prime Minister Fumio Kishida and discussed the debt issue. The leaders recognized the importance of "fair and transparent" debt restructuring that involves all creditor nations, according to the Japanese Foreign Ministry.Sri Lanka defaulted on its debt earlier this year.
Ranil Wickremesinghe - President hopes all creditors will support Sri Lanka - newsfirst.lk - Philippines - Sri Lanka - city Manila, Philippines
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President hopes all creditors will support Sri Lanka
COLOMBO (News 1st) – President Ranil Wickremesinghe said amidst major economic stress, Sri Lanka is undertaking an unprecedented fiscal effort as part of the government’s commitment to restoring the country’s debt sustainability. Therefore, he expressed hope and expectation that Sri Lanka’s creditors, and all stakeholders, will support Sri Lanka in these efforts to restore the country’s debt sustainability and help put the country back on the path of inclusive and sustainable economic growth.President Wickremesinghe presided over the annual meeting of the ADB Board of Governors on Thursday (29) which was held at the ADB headquarters in Manila, Philippines and attended by Governors and official government delegations.President Wickremesinghe noted that the government has already undertaken major macroeconomic policy reform measures and this program is aligned with the commitment of the government to implement an ambitious and comprehensive package of reforms that will help restore the sustainability of the country’s public finances, addressing external imbalances, and restarting the growth engine through structural reforms and improvements in governance.“Amidst major economic stress, Sri Lanka is undertaking an unprecedented fiscal effort as part of our commitment to restoring the country’s debt sustainability.
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