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AKD announces measures to achieve hub status for trade, logistics, financial services, and the digital economy

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President Anura Kumara Dissanayake assured Parliament that Budget 2025 would provide for fundamental steps to achieve hub status for trade, logistics, financial services, and the digital economy.

The President said: “Logistics holds significant potential to serve as a premier driver of economic development in Sri Lanka, leveraging the country’s strategic geographic location. Currently, logistics contributes approximately 2.5 percent of the nation’s GDP, 7 percent contribution to exports and provides direct full-time employment to an estimated 40,000–50,000 individuals.

The completion of the East and West Container Terminal projects will have a significant capacity enhancement of the Port of Colombo. Additionally, the proposed Colombo West Terminal 2 and Colombo North Port is expected to expedite the performance of Sri Lanka’s ports. Therefore, we will call for Expression of Interest for these projects within a month.

The Port of Colombo is currently experiencing severe congestion as container volumes have surged significantly, exposing the need for critical development in infrastructure and systems and procedures.

Therefore, we propose to allocate Rs. 500 million from the 2025 Budget to support the land acquisition process and initial preparatory works of the Kerawalapitiya custom inspection yard and Bloemendhal Logistics Park.

As a long-term measure to ease the container traffic congestion in and around the Colombo Port and increasing foreign earning through value addition, it is proposed to establish an Internal Container Dry Port (ICD) at Veyangoda as a rail-based Integrated Multimodal Cargo and Logistic Centre (IMCLC). We propose to allocate Rs. 500 million to review previous studies, identify an institutional mechanism, land acquisition and initial preparatory works on the ICD at Veyangoda.

We propose to allocate Rs. 500 million to support the initial development of the National Single Window System, Truck Appointment System, E-Cargo Tracking System and Port Community System.

Modernizing infrastructure and incorporating cutting-edge technology is crucial for improving cargo movement. Outdated scanning systems are causing delays in the whole supply chain. Therefore, we propose to allocate Rs. 1,000 million to support the initial development and establishments of advanced scanning systems for the Port of Colombo and the Bandaranayake International Airport.”



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SJB: Govt. trying to reappoint Jayakody, who resigned from Cabinet amidst coal scam

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MP S.M. Marikkar

Marikkar claims coal losses more than twice Treasury bond scam

By Shamindra Ferdinando

The SJB has accused the NPP government of trying to create an environment conducive for the re-appointment of Kumara Jayakody who resigned on 17 April 2026 over a coal scam perpetrated in 2025.

Colombo District MP S.M. Marikkar Tuesday (13) alleged that Jayakody’s successor Anura Karunathilaka was spearheading the efforts at the behest of President Anura Kumara Dissanayake.

Addressing the media at the Opposition leader’s Office at No. 30, Sir Marcus Fernando Mawatha, Colombo 07, Marikkar said that the NPP was busy propagating a lie that the losses amounting to Rs 15.68 bn could be entirely recovered by way of penalties and funds held as deposits in line with the supplier. The Opposition MP placed the amount held by the government at Rs 16.48 bn.

Marrikar claimed that the NPP’s propaganda project to whitewash Jayakody was meant to bring Jayakody back into the Cabinet of ministers in January next year. The top SJB spokesman said that the findings of the Sectoral Oversight Committee (SOC) on Infrastructure and Strategic Development report on the losses suffered by the use of substandard coal had been used to back the government move.

The inquiry was held into procurement for 2025/2026 seasons made from Trident Chemphar, an Indian company whose selection was questioned by the National Audit Office in a special report submitted to parliament before the vote on no faith motion against Jayakody.

Marikkar said that the NPP in its haste to build a case for Jayakody’s return to the cabinet had conveniently forgotten that six of the 25 shiploads of coal ordered from Trident Chemphar were never delivered. In a desperate bid to cover the shortfall, the government paid Rs. 2,284 million above the market price in emergency procurement. As the SOC had rejected the tests conducted by an Indian company and ordered fresh tests on substandard coal, an additional Rs 26.6 mn had been paid to an Australian lab, MP Marikkar said, explaining other losses caused by the corrupt deal.

Marrikar explained how the procurement of substandard coal altogether cost the taxpayer nearly Rs 20 bn while the government engaged in a project to clear Jayakody. The former minister is also indicted in the Colombo High Court in an earlier corruption case.

Marrikar emphasized that the government should accept responsibility. Comparing the action taken in respect of 2015 and 2016 Treasury bond scams and the coal scam, MP Marikkar said that the losses caused by Trident Chemphar fraud was double the Treasury bond scam. A future government would investigate the coal scam and punish all those responsible. The NPP under any circumstances couldn’t bring back Jayakody to the cabinet as he was directly responsible for the fraud, the Colombo District lawmaker said.

At the time the UNP perpetrated Treasury bond scams, Marikkar represented the UNP parliamentary group which made desperate bids to protect the bond thieves.

The SJBer refused to answer questions regarding any other issue. Marikkar reacted angrily when a journalist sought to raise a group of SJB MPs meeting the Most Ven Thibbatuwawe Sri Sumangala Mahanayake Thera of the Malwathu Chapter in Kandy. Then the MP accused a section of the media of trying to suppress the coal scam by raising other issues. Marrikar vowed that they wouldn’t allow Jayakody’s return to the cabinet. The NPP government’s reputation had been devastated by the coal scam and current efforts to cover up the direct involvement of Minister Jayakody would not succeed, he said, warning the NPP should be prepared to face the consequences.

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India busts Pakistani salt smuggling via Sri Lanka

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India’s Directorate of Revenue Intelligence (DRI) has busted a transnational smuggling network that illegally imported more than 7,300,000 kilos of Pakistan-origin rock salt by routing shipments through Sri Lanka and using forged trade documents to conceal their origin, India Today reported yesterday.

Four people had been arrested in connection with the case, the Ministry of Finance said on Wednesday.

Under Operation Deep Manifest, the DRI detected 295 containers carrying 7,311 metric tons of industrial and Himalayan rock salt, with an estimated value of Rs. 104.5 million in Sri Lankan currency.

The consignments were routed through Colombo port in Sri Lanka, while fabricated certificates of origin and invoices issued by United Arab Emirates-based entities were allegedly used to disguise the goods as originating elsewhere.

The imports violated India’s prohibition on goods originating in or exported from Pakistan, the ministry said.

Acting on specific intelligence, the DRI conducted a coordinated operation between September 26 and October 11, searching premises linked to the suspected network in Gandhidham, Adipur, Veraval, Panipat, Pune, Patiala, Delhi and Mumbai.

The investigation found that nine importers had brought in the 295 containers through Mundra and Kandla ports since March 2026.

Of the total consignments detected, five containers carrying 140 metric tons of industrial and Himalayan rock salt, valued at Rs. 8.48 million in Sri Lankan currency, were seized at Kandla port. The agency also seized sales proceeds worth Rs. 7.3 million in Sri Lankan currency held in the importers’ bank accounts.

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Monks brave heavy rains to press for Gnanasara Thera’s release

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… stage sit-in protest near Presidential Secretariat

by Nishan S. Priyantha

Buddhist monks who marched to Colombo demanding the release of imprisoned Ven. Galagoda Aththe Gnanasara Thera continued their sit-in protest outside the Presidential Secretariat yesterday, as discussions between their representatives and Presidential Secretary Dr. Nandika Sanath Kumanayake were underway.

The protesting monks said they would not leave the site until the authorities gave a positive response to their demand for the release of Gnanasara Thera. The discussions were continuing at the time this edition went to press.

The monks arrived in Colombo despite heavy rain, completing the six-day “Nidahase Pada Yathra” (Freedom March), which began in Kandy on October 10. The final leg of the march commenced from Kadawatha yesterday morning, proceeding through Kiribathgoda, Peliyagoda, Maligawatta and Maradana before reaching the area near the Presidential Secretariat at Galle Face.

Ven. Ulapane Sumangala Thera, commenting on the protest, urged the government to take immediate steps to secure Gnanasara Thera’s release, saying the participating monks expected a favourable response to their demand.

“Today is our final day. The Maha Sangha came from all four directions not to return empty-handed. We strongly urge the government to grant freedom to Gnanasara Thera, which is the expectation of all, including the respected chief prelates,” he said.

Ven. Sumangala Thera said the monks were prepared to meet President Anura Kumara Dissanayake at any location designated by him, including Pelawatte, Parliament or the President’s House.

“We are waiting to receive that message. If that does not happen, we are prepared to come wherever the President is. We are prepared to settle this matter one way or another today,” he said, warning that if their peaceful appeals continued to go unanswered, the monks would consider alternative ways of conveying their demands to the government.

The march, which began in Kandy on October 10, passed through Kadugannawa, Kegalle, Warakapola and Nittambuwa before reaching Kadawatha on October 14. The procession was organised to demand the release of Gnanasara Thera and advocate for the religious rights of Buddhist monks.

Heavy police security was deployed around the Presidential Secretariat and nearby roads as the monks gathered in the area. Galle Road near the Secretariat was also closed to traffic during the march.

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