News

President launches second and third phases of Bingiriya Export Processing Zone Development

Published

9 months ago

2024/07/12

Priyan

President Ranil Wickremesinghe stated that a robust economy can be established by enhancing the export economy, manufacturing, tourism, technology sectors and modern agriculture. He highlighted that the government has already laid the foundation to achieve this vision.

The President made these remarks today (12), during the launch of the second and third phases of the Export Processing Zone in Bingiriya, which is the largest of its kind in Sri Lanka. Addressing those present, the President emphasized that efforts are underway to create new investment zones to further bolster the export economy of the country.

Upon completion of the Bingiriya Investment Zone, it is estimated that an export income of USD 2,600 million will be generated, and 75,000 job opportunities will be created.

President Ranil Wickremesinghe inaugurated the newly constructed Dongxia Industrial & Commerce Co. Ltd in the Bingiriya Export Processing Zone.

At a discussion held with officials from the Board of Investment, the Urban Development Authority, investors, and entrepreneur the President instructed officials to take steps to develop the areas of Bingiriya, Dummalasuriya, and Madampe to metropolitan standards, alongside the development of infrastructure in the export processing zone.

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Cabinet approves providing relief to the people of Myanmar

Published

2 hours ago

2025/04/2

Priyan

The People of Myanmar are facing immense hardships caused by the devastating earthquake on 28th March and as reported by the international media reports the death toll is over 2,700. Furthermore, it has been reported that many people are missing while, a large number of individuals have been injured and are receiving treatment.

Considering the long – term close relationship between the two nations as two Buddhist states, the Cabinet of Ministers has decided to provide,

• A sum of United States Dollars One Million

• Transportation for the dry rations collected by Buddhist clergy and other donors

• To have a group of medical officers and health staff on standby for immediate departure to Myanmar if necessary

Latest News

Cabinet appoints ministerial committee to submit report on sanctions imposed on 04 Sri Lankans by the United Kingdom

Published

2 hours ago

2025/04/2

Priyan

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

News

Revised Aswasuma Welfare Benefit Payment Scheme to be submitted for the concurrence of the Parliament.

Published

3 hours ago

2025/04/2

Priyan

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.