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Port City: First project worth USD 100 billion to get underway

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The first project of the Colombo Port City with an investment of USD 100 billion would be implemented in two phases by the Board of Investment (BOI), the Parliament Committee on Public Finance was told.

Parliament sources said that the Committee on Public Finance chaired by Anura Priyadarshana Yapa, had met in the Parliament complex, and been informed that the first phase of the establishment of this International Financial Centre, scheduled to be completed in 2025, would consist of an international grade – A high rise office tower, two high end residential towers and a retail podium.

Relevant order for recruitment of employees has been presented under the Strategic Development Projects Act. Accordingly, 75% of unskilled workers, skilled workers and higher-level employees will be recruited locally.

However, the Committee on Public Finance emphasized to the Board of Investment that such projects, which provide a number of tax concessions, must make a direct contribution to the overall economy of the country and the Committee approved the project.

In addition, the Committee on Public Finance approved the export quality tyre manufacturing project of ‘Ceylon Tyre Manufacturing Company (Pvt) Ltd.’, which is scheduled to commence this July inside the Hambantota International Port premises.

This project is expected to commence its commercial operations after 36 months. At this meeting BOI Chairman Dr. Sanjaya Mohottala, stated that although this is a project that will receive huge tax relief, the benefits will accrue to local rubber planters.

Committee Chairman Anura Priyadarshana Yapa, inquired from the BOI Chairman regarding the systematic increase in rubber production in the country. State Minister Susil Premajayantha drew the Committee’s attention to the high prices of Sri Lankan domestic products compared to other countries and Minister Vidura Wickremanayake also said that the tax relief received by foreign companies should flow to local industrialists as well.

At this meeting BOI Chairman Dr. Sanjaya Mohottala, was commended by all members of the Committee on Public Finance, including Dr. Harsha de Silva, for his professionalism.

Committee Chairman Anura Priyadarshana Yapa, Minister Sarath Weerasekera, State Ministers Susil Premajayantha, Vidura Wickramanayake, Dr. Nalaka Godahewa, MPs M.A. Sumanthiran, Dilan Perera, Dr. Harsha de Silva, Nalin Fernando, Anupa Pasqual, Prof. Ranjith Bandara, Isuru Dodangoda and Sahan Pradeep were present at the meeting.

It is also noteworthy that in the face of the prevailing Covid 19 situation, the relevant government officials were contacted, online, for the Committee in line with the health regulations.



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Three arrested with narcotics valued at Rs123 million at BIA

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Three Sri Lankan male passengers who arrived from Muscat by flight no. OV 437 on Saturday (24) have been arrested by officers attached to the  NCU at BIA as they were found  to be carrying 12,306 grams of Cannabis class narcotics (suspected as Hashish & Kush) valued at 123 million rupees.

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Navy intercepts 02 narcotics-laden trawlers with 11 suspects in southern seas

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Building on its success in seizing major narcotic stocks in 2025, the Navy continued to support the “A Nation United” National Mission in 2026. In continuation of these efforts, during an
operation conducted on the high seas south of Sri Lanka, the Navy apprehended eleven (11) suspects aboard two local multi-day fishing trawlers suspected of drug smuggling.

Based on shared information, by the Sri Lanka Navy and Police, this special operation was conducted off the southern coast, deploying the Navy‟s Offshore Patrol Vessels. The operation
resulted in the interception of a multi-day fishing trawler  suspected of smuggling narcotics, and the apprehension of five (05) suspects on board.

During further operations in the same area, naval units seized another multi-day fishing trawler (01), along with communication equipment and six (06) additional suspects, also believed to be involved in drug smuggling.

This morning (25 Jan 26), the two intercepted fishing trawlers, along with fourteen (14) sacks laden with suspected narcotics and the suspects, were brought to the Dikovita Fisheries Harbour.

An expert examination by the Police Narcotic Bureau confirmed that the fourteen (14) sacks contained more than 184 kilograms of heroin and over 112 kilograms of ‘Ice’ (crystal methamphetamine).

The Deputy Minister of Defence, Major General (Retd) Aruna Jayasekara,  the Commander of the Navy, Vice Admiral Kanchana Banagoda, and the Inspector General of Police,  Priyantha Weerasuriya, inspected the narcotics at the Dikovita harbour.

The Deputy Minister of Defence said  that the current administration has initiated several projects for national development. As a flagship initiative, under the directives and guidance of the President, and under the supervision of the
Ministry of Defence, well-coordinated anti-narcotic raids have been launched.

This effort, part of “A Nation United” National Mission, involves the tri-forces, police, and all intelligence agencies working together under a coordinated plan to ensure that drug smugglers have no opportunity to bring narcotics into the country, he opined. He further stated that despite the national disaster situation, the state machinery, including the tri-forces, the police, and the public at large, remains united in rebuilding the nation, no room will be left for drug trafficking, which poses a severe threat to national security and public safety. Those
who engage in or support drug trafficking, under the cover of fishing activities, will find no escape, he added.

The Deputy Minister also reaffirmed that the tri-forces, police, and all law enforcement agencies are fully committed to their duty of suppressing this menace.

The Deputy Minister of Defence reported that, throughout 2025, a series of highly successful operations were conducted leading to numerous arrests. This was achieved through close coordination and mutual cooperation among the tri-services, the police, the Special Task Force, Police Narcotics Bureau, local law enforcement and international agencies. He noted that this
same spirit of cooperation and commitment has continued into 2026, resulting in the seizure of a large stockpile of drugs.

On behalf of the Honourable President, he extended gratitude to all who contributed to these efforts, specifically acknowledging the Commander of the Navy, the Inspector General of Police, the Police Narcotic Bureau, and the crews of the Navy’s Offshore
Patrol Vessels.

Moreover, the Deputy Minister declared that drug smuggling has become a national crisis, fueled by youth involvement and social crime. With borders secured under the “Nation United” National Mission, he warned traffickers to cease operations and urged users to abandon the destructive habit.

The Deputy Minister urged the public to report suspected drug smugglers to law enforcement via the hotlines 1818 or 1997 and also commended the role of media institutions and journalists in raising public awareness about the dangers of narcotics through responsible reporting.

Meanwhile, the two (02) multi-day fishing trawlers, along with a haul of narcotics, eleven (11) suspects, and communication equipment, were handed over to the Police Narcotic Bureau for
further investigation and legal proceedings.

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Engineers draw red line as CEBEU warns of union action over appointed date

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Engineers at the Ceylon Electricity Board have drawn a clear red line over the government’s plan to gazette the appointed date for restructuring the utility, warning that trade union action will follow if the move is pushed through without addressing their core demands, the Sunday Island learns.

The powerful Ceylon Electricity Board Engineers’ Union (CEBEU) says preparations are already under way for industrial action, most likely after the appointed date gazette is published, should the Minister proceed without resolving outstanding issues raised repeatedly by engineers.

“If the appointed date is gazetted without addressing our demands, we will have no option but to take trade union action,” a senior electrical engineer told The Island, stressing that the warning should be taken seriously.

CEBEU sources say the engineers’ demands are aimed at preventing a structural and financial crisis in the electricity sector, rather than blocking reform. They insist that unbundling the CEB without first putting in place firm safeguards would expose the sector to instability and consumers to higher costs.

The engineers’ key demands include: legally binding financial safeguards to ensure the proposed Electricity Generation Company is viable from inception; protection against the transfer of legacy liabilities, extraordinary costs, or inefficiencies to new entities or electricity consumers; enforceable accountability for management and policy decisions that inflate system costs; genuine, structured consultation with technical professionals before irreversible decisions are taken; and a halt to gazetting the appointed date until these safeguards are formally incorporated.

Engineers warn that rushing the appointed date would lock existing weaknesses into the new structure, making them harder—and more expensive—to fix later. “Once the appointed date is gazetted, there is no rewind button,” a senior engineer said. “If the foundation is flawed, the entire structure will suffer.”

Meanwhile, according to energy analyst, Dr. Vidhura Ralapanwe, electricity sector reforms must be grounded in technical and financial reality, not driven by administrative timelines.

He has cautioned that implementing structural changes without correcting underlying governance and cost issues risks destabilising the sector and undermining public confidence.

CEBEU officials reject claims that the union is resisting reform. They say engineers are being sidelined in decision-making while being held responsible for system performance. “We are accountable for keeping the system running, but our professional warnings are being ignored,” one engineer said. “That is not reform; it is reckless governance.”

With the Minister yet to gazette the appointed date, tensions within the power sector are rising sharply.

Engineers say the government now faces a stark choice: engage with professionals and fix the problems first—or brace for confrontation in a sector where disruption will have coutrywide consequences.

By Ifham Nizam ✍️

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