Connect with us

News

Dhammika Perera enters cabinet as new Minister of Technology and Investment Promotion

Published

on

First resigns from the boards of a clutch of quoted companies

Mr. Dhammika Perera, who was widely tipped to enter Parliament on the SLPP National List, on Friday tendered is resignation from a clutch of public listed companies where he served as chairman or director – both executive and non-executive – with effect from June 10.

Shortly threafter his appointment as an SLPP National List MP was gazetted by the Elections Commission. He was thereafter appointed one of two new ministers – the other being Ms. Pavithra Wanniarachchi – with responsibility for Technology and Investment promotion with a wide range of subjects, previously under the Defence Ministry, assigned to him.

Former Minister Paithra Wanniarachchi has re-entered the cabinet as Minister of Women’s ad Children’s Affairs, Social Empowerment and Samurdhi.

Speculation that Perera would shortly enter the government was fueled by his resignations from quoted company boards notified to the Colombo Stock Exchange and published on its website.

Subjects assigned to Perera include a large area under the umbrella of Investment Promotion and Technology. Many subjects previously under the Defence Ministry held by President Gotabaya Rajapaksa has been assigned to him.

These include Department of Registration of Persons, Immigration and Emigration, Telecommunications Regulatory Commission, SLT and its subsidiaries, Sri Lanka Standards Institute, BOI and Colombo Port City Economic Commission.

The listed companies he resigned included those of his own Vallibel Group, Hayleys Group of Companies (Hayleys, Dipped Product, Haycarb, The Kingsbury and several more), Royal Ceramics, Lanka Tiles and Lanka Walltiles Group (including Horana Plantations), LB Finance, Singer Sri Lanka etc.

Perera has gone public with the claim that he’s the country’s largest taxpayer.



Latest News

Cabinet approves establishment of Activity-Based Learning Centers at Regional Level for Commerce Education

Published

on

By

The importance of establishing learning centers at regional level has been identified in order to achieve multiple objectives, including the development of teachers, utilization as a hub for new technology and resource sharing, enhancement of vocational and higher education opportunities, efficient utilization of limited physical and human resources, integration of new technologies with subject-specific knowledge,
sharing of limited resources to ensure equitable access to education, and development of skills in line with regional potential, thereby contributing to the qualitative development of commerce education.

Accordingly, the project to establish 100 activity-based learning centers for the enhancement of commerce education has been included in the Public Investment Programme as a major investment project in general education, with an estimated total cost of Rs. 289 million, to be implemented during the period 2026–2028.

Having considered the proposal submitted by the Prime Minister, in her capacity as the Minister of Education, Higher Education and Vocational Education, Cabinet approval was granted to establish and operationalize 25 regional centres covering all 25 districts.

Continue Reading

Latest News

M/s. Resources Development Consultants (Pvt) Ltd appointed to prepare Feasibility Study and detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura

Published

on

By

Approval was granted at the Cabinet Meeting held on 21-10-2025 to carry out a feasibility study and prepare detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura.

The calling of expressions for this purpose has been conducted under the national Competitive Procurement Procedure, and 8 bidders have submitted their Expression of Interest in that respect.

Following the evaluation of technical proposals submitted by the short-listed bidders, and financial proposals of the 4 eligible institutions have been opened. Subsequent to the evaluation of the aforementioned financial proposals, the Consultant Procurement Committee has recommended awarding
the consultancy for the feasibility study and preparation of detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura to M/s. Resources Development Consultants (Pvt) Ltd at a total cost of Rs. 356.22 million (exclusive of taxes).

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Transport, Highways and Urban Development to award the said procurement in line with the above recommendation.

Continue Reading

Latest News

Import and Export (Control) Regulations No. 01 of 2026, issued under the Imports and Exports (Control) Act, No. 1 of 1969, to be submitted for concurrence of the Parliament

Published

on

By

The Special Import Licence Regulations No. 01 of 2023, published in Extraordinary Gazette No. 2312/77 dated 01-01-2023, prohibit the importation of retreaded tires, including those used for aircraft.

However, the Ministry of Ports and Civil Aviation has made a request that an exemption be granted to permit the importation of retreaded aircraft tires classified under HS Code 4012.13 for Sri Lankan Airlines.

Taking into consideration essential operational and safety requirements, it has been decided to permit the importation of retreaded aircraft tires classified under HS Code 4012.13, subject to the recommendation of the Ministry of Ports and Civil Aviation, provided that such tires comply with the requirements specified by internationally recognized aviation authorities and are imported by Sri Lankan airline operators engaged in international air services under a duly executed supply agreement between the airline and a certified international supplier.

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President, in his capacity as the Minister of Finance, Planning and Economic Development, to submit the Import and Export (Control) Regulations No. 01 of 2026, published in Extraordinary Gazette No. 2481/02 dated 23-03-2026 under the provisions of the Imports and Exports (Control) Act, No. 1 of 1969, for the concurrence of the Parliament.

Continue Reading

Trending