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Bandula flays officials of Finance Ministry, CBSL for blocking development work

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by Saman Indrajith

Trade Minister Bandula Gunawardena has found fault with the officials of the Ministry of Finance and the Central Bank of Sri Lanka (CBSL) for what he calls their callous disregard for implementing the policies of the political leadership.

Participating in the third reading stage debate on Budget 2022 under the expenditure heads of the Ministry of Trade, Minister Gunawardena said that the country would not be able to achieve progress as long as the officials of the Finance Ministry and CBSL

Bandula were allowed to work according to their own agendas.

“It is high time we told the public the truth. People think that the Cabinet ministers are doing nothing to develop the country. It is the officials of the Finance Ministry and the Central Bank who block everything. This problem is not limited to one two ministries. These officials sabotage even the projects initiated by the person holding highest office in this country,” the minister said.

“This group of officials are misleading the country’s leadership,” Minister Gunawardena said.



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Heat index at caution level in Northern, North-Central, North-western and Eastern provinces and Monaragala and Hambanthota districts.

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Heat index Advisory Issued by the Natural Hazards Early Warning Centre at 06.30 a.m. 27 May 2023, valid for 27 May 2023

Heat index, the temperature felt on human body is expected to increase up to ‘Caution’ level at some places in Northern, North-Central, North-western and Eastern provinces and Monaragala and Hambanthota districts.

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Navy update Mullaitivu fishing communities of prevailing issues in industry

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The Sri Lanka Navy  held a special meeting at SLNS Gotabaya in Mullaitivu recently, to update the fishing communities in Mullaitivu of prevailing issues in the industry. The meeting was chaired by Commander Eastern Naval Area and Commandant Volunteer Naval Force, Rear Admiral Dammika Kumara.

During the meeting, the local fishing communities raised their concerns over poaching by foreign fishermen in their waters as well as illegal fishing practices of a handful of local fishermen. The Navy updated the fishing communities regarding the collaborative efforts undertaken by the Navy, Coast Guard, and Department of Fisheries and Aquatic Resources to combat  illegal fishing practices.

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President spearheads Sri Lanka’s economic revival and seeks Japanese investment

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President Ranil Wickremesinghe actively engaged in a pivotal business round table on “Sri Lanka’s Economic Revival & Opportunities for Japanese Enterprise,” where he presented the nation’s commitment to stabilizing and liberalizing the economy while actively inviting new foreign ventures.

The event, jointly organized by JETRO, Japan-Sri Lanka Business Co-Operation, and the Embassy of Sri Lanka in Japan, aimed to strengthen economic ties between the two nations.

During the round table, President Wickremesinghe fervently outlined the ongoing efforts undertaken by Sri Lanka to restore stability and openness to its economy, presenting an inviting climate for foreign investment. With a clear vision to attract Japanese enterprise, he discussed the various measures and reforms being implemented to create a conducive business environment for potential investors.

Recognizing Japan’s significance as a vital economic partner, President Wickremesinghe emphasized the mutual benefits that can be derived from increased collaboration between the two nations. Sri Lanka’s strategic location and skilled workforce were highlighted as key advantages, providing a gateway for Japanese companies to expand their operations in the region and leverage the country’s emerging economic opportunities.

As Sri Lanka continues its journey toward economic revival, President Wickremesinghe’s active participation in the round table, underscores the government’s unwavering commitment to attracting foreign investment and driving sustainable economic progress.

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