News
BOI gets new DG
Renuka Weerakoon has been appointed as the Director General of the Board of Investment of Sri Lanka.
President Gotabaya Rajapaksa has appointed Renuka Weerakoon as the Director General of the Board of Investment of Sri Lanka. The Letter of Appointment was handed over to the new Director General by Aviation and Investment Zone Development State Minister D.V. Chanaka at the State Ministry of Aviation and Investment Zone Development.
Weerakoon has been with the Board of Investment of Sri Lanka for about 27 years.
She received her primary education at St. Joseph’s College, Cairo, Egypt, and at St. Bridget’s Convent, Colombo, and then got enrolled in the Colombo Law College. She joined the Board of Investment of Sri Lanka in 1994 as Assistant Manager Laws – Regional Development and has since served as Managing Director, and Executive Director in a number of categories. She is currently the Senior Executive Director of the Board of Investment of Sri Lanka, holds a Postgraduate Degree in Business Administration and a Postgraduate Degree in Project Management from the University of Jayewardenepura. She is also a Fellow member of the Sri Lanka Law Association, having studied Government Policy Analysis and Implementation at the Sri Lanka Institute of Development Administration.
Janaka Sri Chandragupta, Secretary to the State Ministry of Aviation and Investment Zone Development, Raja Edirisuriya, Chairman, Board of Investment of Sri Lanka and other Heads of Departments were also present at the occasion.
Latest News
Festival advance for government officers to be increased
In terms of the provisions of the Establishments Code on payment of festival advance to government officers, there’s a possibility of obtaining rupees 10,000/- as an advance for celebrating festivals of Theipongal, Ramazan, Sinhala and Hindu New Year, Wesak, Deepavali, and Christmas as well as for pilgrimages (Sri Paada pilgrimage and Hajj pilgrimage).
Provisions have been given to recover the said advance in 08 installments or if required earlier without interest. It has been proposed by the Budget 2026 to increase the said festival advance up to rupees 15,000/-.
Accordingly, the Cabinet of Ministers granted approval to the proposal submitted by the Minister of Public Administration, Provincial Councils and Local governments to revise the relevant provisions so that the festival advance can be increased up to rupees 15,000/- .
News
Providing underutilized lands/properties to suitable investors for optimal utilization.
As per the approval given by the cabinet meeting held on 02-06-2025, action is being taken at present to offer the underutilized lands/properties of the Sri Lanka State Plantation Corporation, the Janatha Etate Development Board, and the Elkaduwa Plantation Company which are under the Ministry of Plantation and Community Infrastructure which have been identified under stage one to suitable investors.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Plantations and Community Infrastructure to provide following lands/properties on a lease basis to the suitable investors for optimal utilization following the prescribed procurement procedure.
• underutilized lands/properties identified under stage two owned by the Sri Lanka State Plantation Corporation, the Janatha Estate Development Board, and the Elkaduwa Plantation
Company,
• The Mawarala watte land and the Tea factory 40.48 hectares in extent, located in Matara District belonging to the Tea Shakthi Fund.
• The underutilized land of 1,541 hectares in extent of Kondachchi Estate is enjoyed by the Sri Lanka Cashew Corporation.
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Implementation of the National Fisheries and Aquaculture Policy
The drafting of the National Fisheries and Aquaculture Policy has commenced with the objective of equitable distribution of the benefits of the fisheries industry and the sustainable management of fisheries and aquaculture. This policy has been updated from time to time according to current requirements. However, steps have not been taken to obtain the approval of the Cabinet of Ministers for that purpose.
According to the policy declaration of the present government, ‘Vistas of Prosperity and Splendor’ the National Fisheries and Aquaculture Policy has been redrafted, updating the aforementioned policy in line with the economic and development objectives of the government.
The recommendations of the Department of National Planning have been received for the drafted policy.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Fisheries, Aquaculture, and Marine
Resources to implement the National Fisheries and Aquaculture Policy, integrating it with other relevant policies.
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