News
Port City: First project worth USD 100 billion to get underway
The first project of the Colombo Port City with an investment of USD 100 billion would be implemented in two phases by the Board of Investment (BOI), the Parliament Committee on Public Finance was told.
Parliament sources said that the Committee on Public Finance chaired by Anura Priyadarshana Yapa, had met in the Parliament complex, and been informed that the first phase of the establishment of this International Financial Centre, scheduled to be completed in 2025, would consist of an international grade – A high rise office tower, two high end residential towers and a retail podium.
Relevant order for recruitment of employees has been presented under the Strategic Development Projects Act. Accordingly, 75% of unskilled workers, skilled workers and higher-level employees will be recruited locally.
However, the Committee on Public Finance emphasized to the Board of Investment that such projects, which provide a number of tax concessions, must make a direct contribution to the overall economy of the country and the Committee approved the project.
In addition, the Committee on Public Finance approved the export quality tyre manufacturing project of ‘Ceylon Tyre Manufacturing Company (Pvt) Ltd.’, which is scheduled to commence this July inside the Hambantota International Port premises.
This project is expected to commence its commercial operations after 36 months. At this meeting BOI Chairman Dr. Sanjaya Mohottala, stated that although this is a project that will receive huge tax relief, the benefits will accrue to local rubber planters.
Committee Chairman Anura Priyadarshana Yapa, inquired from the BOI Chairman regarding the systematic increase in rubber production in the country. State Minister Susil Premajayantha drew the Committee’s attention to the high prices of Sri Lankan domestic products compared to other countries and Minister Vidura Wickremanayake also said that the tax relief received by foreign companies should flow to local industrialists as well.
At this meeting BOI Chairman Dr. Sanjaya Mohottala, was commended by all members of the Committee on Public Finance, including Dr. Harsha de Silva, for his professionalism.
Committee Chairman Anura Priyadarshana Yapa, Minister Sarath Weerasekera, State Ministers Susil Premajayantha, Vidura Wickramanayake, Dr. Nalaka Godahewa, MPs M.A. Sumanthiran, Dilan Perera, Dr. Harsha de Silva, Nalin Fernando, Anupa Pasqual, Prof. Ranjith Bandara, Isuru Dodangoda and Sahan Pradeep were present at the meeting.
It is also noteworthy that in the face of the prevailing Covid 19 situation, the relevant government officials were contacted, online, for the Committee in line with the health regulations.
News
Urgent reforms needed to eradicate drug menace, says President
President Anura Kumara Dissanayake has instructed officials to swiftly introduce all necessary reforms, including amendments to existing laws, in order to eliminate the drug menace from the country.
The President issued these instructions while attending the meeting of the “Ratama Ekata” National Steering Council convened on Thursday (07) morning at the Presidential Secretariat to discuss efforts aimed at eradicating the drug menace.
He also directed the relevant authorities to take all necessary steps to expedite the process of destroying seized narcotics as quickly as possible under proper legal procedures, thereby preventing them from re-entering society and to accelerate the process of punishing offenders.
The President emphasised the need to speed up this process in order to build public confidence, as well as the confidence of the teams engaged in operations, noting that the successful implementation of the “Ratama Ekata” national initiative would thereby be strengthened through collective participation.
The progress of anti-narcotics operations carried out under the “Ratama Ekata” national initiative, including raids and arrests, was extensively reviewed at the meeting. Officials pointed out that raids related to narcotics had increased by 80% since the launch of the programme.
Since the launch of the “Ratama Ekata” national operation on 30 October 2025, authorities have seized 5,437.457 kilogrammes of cannabis, 1,936.325 kilogrammes of heroin, 1,991.414 kilogrammes of crystal methamphetamine (“ice”), 271.724 kilogrammes of cocaine, 1,574,895 narcotic pills, and 629,988 illicit cigarettes. A total of 168,460 suspects have also been arrested in connection with these offences.
The current progress of the legal amendments required to eradicate the narcotics menace from the country was reviewed at the meeting, and it was noted that steps had been taken to submit the Rehabilitation (Amendment) Bill No. 54 of 2007 to the Cabinet in due course. Discussions were also held regarding the rehabilitation process, the strategies that could be adopted in that regard, and the measures taken to develop related facilities.
It was further revealed that, at Divisional Secretariat level, 25 families most severely affected by narcotics in each division had been selected for attitude development programmes. The President stressed the importance of implementing all such programmes through local religious centres.
The President also made clear that anti-drug awareness programmes should not merely be limited to conducting awareness campaigns, but should include continuous follow-up to assess whether the message had been properly communicated to society and to monitor progress. He highlighted the importance of maintaining this mechanism continuously with the involvement of religious leaders, including members of the Maha Sangha in the respective areas.
The President also inquired into measures being taken to establish a separate court for narcotics-related cases, expedite the receipt of Government Analyst reports, and accelerate the filing of cases.
He also stressed the urgent need for a rapid programme to expedite legal proceedings and rehabilitation processes concerning inmates imprisoned for narcotics-related offences, in order to ease prison overcrowding.
The Inspector General of Police also briefed the meeting on investigations and the current status relating to Buddhist monks who were recently arrested in connection with narcotics offences.
The President was further briefed on the progress of programmes jointly implemented by the Ministry of Education and the Women and Children’s Bureau to curb organised efforts to draw schoolchildren into narcotics use. He was also informed about community-based programmes planned in conjunction with the International Day Against Drug Abuse and Illicit Trafficking, which falls on 26 June.
Among those present at the meeting were the Anunayaka Theros of the Malwathu and Asgiri Chapters, senior clergy representing several Buddhist Nikayas, Christian priests, Hindu Kurukkals, Muslim religious leaders, senior government officials including Secretary to the President Dr Nandika Sanath Kumanayake, ministry secretaries, senior tri-forces commanders, Inspector General of Police Priyantha Weerasooriya, heads of relevant institutions, senior security officials, and representatives of the “Ratama Ekata” National Steering Council.
[PMD]
Latest News
Warm welcome extended to the President of the Socialist Republic of Vietnam at the Presidential Secretariat
The official welcoming ceremony for the President of the Socialist Republic of Vietnam and General Secretary of the Central Committee of the Communist Party of Vietnam, To Lam, who is on a State visit to Sri Lanka at the invitation of President Anura Kumara Dissanayake, was held this morning (08th May 2026) at the Presidential Secretariat under the patronage of President Dissanayake.
President To Lam is undertaking this State visit with the aim of further strengthening the economic, cultural and social ties between Vietnam and Sri Lanka.
Upon his arrival at the Presidential Secretariat, escorted by the Police Mounted Division, President To Lam was warmly received by President Anura Kumara Dissanayake.
Following the playing of the national anthems of both countries, the official welcoming ceremony for President To Lam formally commenced.
On the occasion, President To Lam was accorded a ceremonial gun salute with full State honours.
Thereafter, President To Lam and President Anura Kumara Dissanayake reviewed the Tri-Forces Guard of Honour, following which the Vietnamese and Sri Lankan delegations were introduced.
The two leaders also posed for official photographs.
Representing the Government of Sri Lanka at the occasion were Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath, Minister of Labour and Deputy Minister of Finance and Planning Dr Anil Jayantha Fernando, Minister of Science and Technology Professor Krishantha Abeysena, Minister of Buddhasasana, Religious and Cultural Affairs Dr Hiniduma Sunil Senevi, Minister of Environment Dr Dhammika Patabendi, Minister of Public Security and Parliamentary Affairs Ananda Wijepala, Secretary to the President Dr Nandika Sanath Kumanayake, Secretary to the Ministry of Defence Air Vice Marshal Sampath Thuyacontha (Retired), Secretary to the Ministry of Foreign Affairs Aruni Ranaraja, along with a number of senior officials from both countries.
(PMD)
Latest News
President of the Socialist Republic of Vietnam arrives in Sri Lanka on State Visit
President To Lam, President of the Socialist Republic of Vietnam, General Secretary of the Central Committee of the Communist Party of Vietnam, accompanied by a delegation of 209 members arrived in Sri Lanka on Thursday (07) night on a state visit.
-
News3 days agoCJ urged to inquire into AKD’s remarks on May 25 court verdict
-
News1 day agoMIT expert warns of catastrophic consequences of USD 2.5 mn Treasury heist
-
News4 days agoUSD 3.7 bn H’tota refinery: China won’t launch project without bigger local market share
-
News5 days agoEaster Sunday Case: Ex-SIS Chief concealed intel, former Defence Secy tells court
-
News6 days agoTen corruption cases set for court in May, verdict ordered in one case – President
-
Business6 days agoDialog Surpasses 1,000 5G Sites, Strengthening Nationwide 5G Coverage
-
Editorial4 days agoDeliver or perish
-
Editorial1 day agoClean Sri Lanka and dirty politics
