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Sri Lanka Economic Summit organised by CCC on Jan 28, 29

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The Sri Lanka Economic Summit organised by the Ceylon Chamber of Commerce will be inaugurated on January 28th at the Shangri La Hotel Colombo, under the theme Shaping Sri Lanka’s Future: Transformational Growth Rooted in Sound Economic Policies. On day 2 of the Summit on January 29th, one of the key sessions will examine ‘The Right Reforms for Transformational Growth’, said a release issued by the Ceylon Chamber yesterday.

The session will center on the Korean story of economic transformation, and potential applications to Sri Lanka’s development trajectory. It will explore medium-term opportunities for Sri Lanka and leverage the expertise of a high-profile panel representing leading multinational corporations, local conglomerates, the energy, ports and capital market sectors, and multilateral agencies. Discussions will also focus on the potential for public-private partnerships to drive Sri Lanka’s growth.

The session’s keynote address will be delivered by Dr. Kyungjin Song, Country Representative for Korea at The Asia Foundation. With over 25 years of experience spanning public service, international affairs, and economic diplomacy, Dr. Song has served in key roles including Special Assistant to the Special Economic Adviser to the President of Korea, and Chief Secretary for the Presidential Committee for the G20 Seoul Summit. Dr. Song currently serves as a member of the Advisory Committee of the Ministry of Foreign Affairs with a special focus on economic diplomacy. She also is Korea’s coordinator for the Korea-India Strategic Dialogue in the Seoul Forum for International Affairs.

A high-profile panel comprising – Country Director ADB Takafumi Kadono,  Chairman, John Keells Holdings Krishan Balendra, Chairman/CEO Unilever Sri Lanka Ali Tariq,  CEO, Colombo West Intl. Terminal Munish Kanwar and  Founder/Chief Investment Officer, Tundra Fund Mattias Martinsson, will explore the focus areas of the session. The discussion will be moderated by the Ceylon Chamber’s Chief Economic Policy Adviser Shiran Fernando.

The Sri Lanka Economic Summit will take place on the 28th and 29th of January at the Shangri La Hotel, Colombo. Registrations are now open at www.sles.chamber.lk. For further information, please contact Lilakshi at lilakshi@chamber.lk / 5588818 or Alikie at alikie@chamber.lk / 0115588805.??



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Cabinet approves sale of Paddy stocks held by the Paddy Marketing Board

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The Paddy Marketing Board has approximately 115,000 metric tonnes of paddy stocks purchased from farmers, which are currently stored in the Board’s warehouses, and it has been planned to retain a sufficient buffer stock from these reserves and sell the remaining quantity in order to provide the necessary storage space and financial resources for the purchase of paddy from farmers during the upcoming Yala season.

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Agriculture, Livestock, Land and Irrigation to sell the aforementioned paddy stocks
following a formal tender procedure.

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Amendment to the Promotion of Export Agriculture Act, No. 46 of 1992 to be gazatted

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The Promotion of Export Agriculture Act, No. 46 of 1992 provides the legal provisions for regulating and promoting the export agriculture sector in this country.

Taking into consideration administrative changes and sectoral developments that have taken place over time, approval was granted at the Cabinet Meetings held on 2023-09-04 and 2025-08-11 to amend the said Act, which has not been updated for over 30 years.

The proposed amendments are intended to amend the designations of the Head of the Department of Export Agriculture and other officials, and to provide a clearer definition of the term “the export agricultural crop.”

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Agriculture, Livestock, Land and Irrigation to publish in the Government Gazette the Draft Export Agriculture Promotion (Amendment) Bill, prepared in all three languages by the Legal Draftsman to amend the Export Agriculture Promotion Act, No. 46 of 1992, and thereafter submit the same to Parliament for its concurrence

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Ms. M.K.D.N. Madampe, appointed as Director General of the Department of Management Services

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The Cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development, to appoint Ms. M.K.D.N. Madampe, an officer of the Sri Lanka Administrative Service in the Special Grade who is currently serving as an Additional Director General of the Department of Management Services, to the post of Director General of the Department of Management Services with immediate effect.

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