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Minister of Industry visits Lumala to address challenges facing local manufacturers
Minister of Industry and Entrepreneurship Development, Sunil Handunneththi last week (24) visited City Cycle Industries Manufacturing (Pvt.) Ltd., popularly known as Lumala, at its factory in Panadura to assess the challenges faced by local industrialists and explore potential government support.
During the visit, Minister Handunneththi engaged with senior officials and employees to better understand operational difficulties. He acknowledged the ongoing struggles in Sri Lanka’s manufacturing sector, particularly the impact of imported bicycles and high taxes on raw materials, which have increased production costs. The Minister reaffirmed the government’s commitment to addressing regulatory barriers, market imbalances, and supply chain constraints, emphasizing the importance of supporting local manufacturers.
Lumala, a key player in Sri Lanka’s bicycle industry for over 35 years, remains hopeful that government intervention will help maintain a competitive and ethical manufacturing industry. The company continues to contribute to sustainable mobility solutions, with a production capacity of 2,000 bicycles per day.
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Cabinet appoints ministerial committee to submit report on sanctions imposed on 04 Sri Lankans by the United Kingdom
Attention of the Cabinet of Ministers have been drawn on the decisions taken by the United Kingdom to impose sanctions on four Sri Lankan individuals recently, and have decided to appoint a committee comprised of three ministers to submit a report with recommendations on the further measures to be taken after studying the facts in the regard and to empower the committee to obtain the service of any officer/intellect deemed to have subject expertise in the relevant field and considered essential.
The committee will comprise of :
– Vijitha Herath Minister of Foreign Affairs, Foreign Employment and Tourism
– Attorney – at – Law Harshana Nanayakkara Minister of Justice and National Integrity
– Aruna Jayasekara Deputy Minister of Defence
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Revised Aswasuma Welfare Benefit Payment Scheme to be submitted for the concurrence of the Parliament.
Approval of the Cabinet of Ministers was granted at their meeting held on 17.03.2025 to amend the Aswasuma Welfare Benefit Payment Scheme by increasing the value of the benefits already being payed under the scheme.
The revised Aswasuma Welfare Benefit Payment Scheme has been published by the extraordinary gazette notification No. 2429/02 dated 24.03.2025.
Accordingly, he Cabinet of Ministers granted approval to the resolution furnished by the President in his capacity as the Minister of Finance, Policy Plannng and Economic Development to submit the said revised Aswasuma Welfare Benefit Payment Scheme to the Parliament for its concurrence.
The Cabinet of Ministers considering the proposal furnished by the Minister of Buddhashasana, Religious and Cultural Affairs, approved the appointment of Mrs. K. S. Dilhani to the post of Director at the Department of Cultural Affairs,
Mrs. K. S. Dilhani, a grade I officer in the Sri Lanka Administrative Service is currently serving as a Senior Assistant Secretary at the Ministry of Defence
Cabinet appoints ministerial committee to submit report on sanctions imposed on 04 Sri Lankans by the United Kingdom
Revised Aswasuma Welfare Benefit Payment Scheme to be submitted for the concurrence of the Parliament.
Mrs. K. S. Dilhani appointed to the post of Director at the Department of Cultural Affairs
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