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H’tota Port group attracts first investor since its upgrading

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Agreement being signed between HIPG and Comfort Mattress Lanka (Pvt) Ltd.

USD 25 mn project underway

Following Hambantota Port Group’s (HIPG) recent investment in upgrading crane facilities to expand container operations at the Hambantota International Port (HIP), Comfort Mattress Lanka (Pvt) Ltd. has become the first investor to seize the opportunity to set up operations in the port’s industrial park. With an investment of USD 25 million, the project targets key export markets, including the USA, Europe, and Canada, according to a statement issued by Hambantota International Port yesterday (19).

The text of HIPG statement: “Under a 30-year renewable long-lease agreement with HIPG, Comfort Mattress Lanka will construct a 62,000-square-meter factory dedicated to sponge mattress manufacturing and processing. The facility will import raw materials from Southeast Asia and China, with an expected annual output of 7,000 TEUs (Twenty-foot Equivalent Units).

HIPG’s efforts to position the port as a gateway for transshipment and a key industrial hub include the ongoing development of HIP’s state-of-the-art container yard. Wilson Qu, CEO of HIPG, expressed optimism about the project’s potential, stating, “The container yard we are developing will handle transshipment and strengthen HIP’s positioning as a gateway port. We anticipate heightened interest in the industrial park over the coming years, and as Sri Lanka’s economy stabilises, we foresee industries outside the port taking advantage of HIP’s strategic location.”

The project represents significant opportunities for local employment in Sri Lanka. The CEO emphasised the importance of youth training in technical and mechanical skills in the Hambantota district and surrounding areas to ensure that the local workforce is skilled and well-prepared to benefit from new developments.

The inclusion of Comfort Mattress Lanka in HIPG’s industrial portfolio, highlights the group’s ability to attract global businesses, reinforcing its commitment to cooperation, and mutual benefit. This collaboration reflects HIPG’s strategic vision to drive sustainable growth and strengthen Sri Lanka’s position as a modern trade and industrial hub while contributing to the nation’s economic prosperity.

This milestone further establishes HIP as a catalyst for investment and industrial development, setting the stage for future projects that will benefit both the region and the country.”



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Representatives from the Ceylon Chamber of Commerce meet PM

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Representatives from the ’The Ceylon Chamber of Commerce’ met with Prime Minister Dr. Harini Amarasuriya on Wednesday [24th of June] at the Parliament premises.

During the meeting, discussions focused on the Sri Lanka Economic and Investment Summit 2026 (SLEIS 2026), which is scheduled to be held on 12 and 13 October 2026. Attention was also given to digitalization initiatives, the introduction of digital technologies in schools under new education reforms, and the transformative role of Artificial Intelligence (AI) in Sri Lanka’s education sector.

Representatives of the Chamber noted that the summit would serve as an important platform for encouraging both local and foreign investment, while also contributing to the shaping of the country’s future economic policies.

The meeting was attended by Krishan Balendra, Chairman of The Ceylon Chamber of Commerce; Vinod Hirdaramani, Deputy Vice Chairman; Shiran Fernando, Secretary General and Chief Executive Officer; Aliki Perera, Deputy Secretary General and Chief Operating Officer; and Anagi Rodrigo-Weerasekera, Chief Economist and Head of Economic Intelligence, along with several other representatives.

[Prime Minister’s Media Division]

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Progress of Housing Project for Malayagam Community families funded by India reviewed

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A discussion to review the progress of the housing project under which 4,700 houses are being constructed for the Malayagam community with Indian assistance was held this afternoon (24) at the Presidential Secretariat under the chairmanship of the Chief of Staff to the President, Prabath Chandrakeerthi.

Under this housing programme, 2,026 houses are to be provided to families identified by the National Building Research Institute (NBRI) as being at disaster risk. The remaining houses are expected to be allocated to eligible workers residing in the plantation sector.

Accordingly, the houses will be provided to Malayagam community families living on estates belonging to 22 Regional Plantation Companies, as well as estates under the State Plantations Corporation, Janawasama and Elkaduwa Plantations.

For the construction of each house, the Government of India has allocated Rs. 2.8 million, while the Government of Sri Lanka has contributed Rs. 400,000.

During the discussion, Chandrakeerthi instructed officials to ensure that the housing project is completed before the end of this year. He further directed that land identified for the construction of houses be released without delay and that the National Building Research Institute provide the necessary reports to identify suitable land for the project.

The housing project is being implemented jointly by the Ministry of Plantation and Community Infrastructure, the National Housing Development Authority, the State Engineering Corporation and the Plantation Human Development Trust.

Among those present were Additional Secretary (Development) of the Ministry of Plantation and Community Infrastructure, K. S. Wijayakeerthi; Director General (Engineering), N. D. N. Pushpakumara; Director General (Planning), W. A. K. S. Damayanthi; the Secretary General of the Planters’ Association; and officials from the National Housing Development Authority, the State Engineering Corporation, relevant institutions and plantation companies.

(PMD)

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Former Minister Wijeyadasa Rajapakshe’s son arrested by CIABOC

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It has been reported that Attorney at Law Rakitha Rajapakshe, the son of former Minister of Justice Wijeyadasa Rajapakshe, has been arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) over alleged links with the underworld.

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