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

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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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Concessionary priced food packages for new ‘Aswesuma’ applicants from 01st to 13th April

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In keeping with the proposal  by the President in his 2025 budget,  for the provision of a package essential goods at a concessionary price during the Sinhala and Tamil New Year Festival season, it has been planned to provide a food package containing essential food items valued at Rs. 5000/- for only Rs. 2,500/-.

It is expected to select appropriate beneficiaries from among the 812,753 candidates who have submitted new applications for Aswesuma benefits.

Accordingly, the Cabinet of Ministers approved the proposal furnished by the Minister of Trade, Commerce, Food Security and Cooperative Development jointly with the Minister of Agriculture, Livestock, Lands and Irrigation to take necessary steps to provide the food package to the beneficiaries through the Lanka Sathosa outlet network and COOPFED outlets from 01.04.2025 to 13.04.2025

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Salary revision of the Government Service – 2025

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The Cabinet of Ministers have decided as follows considering the resolutions submitted by the President in his capacity as the Minister of Finance, Plan Implementation and Economic Development along with the Minister of Public Administration, Provincial Councils and Local Governments on payment of salaries according to the revised salary scales with effect from 01.04.2025 based on the resolution furnished by the President for revising the salaries of government service by the budget 2025;

• To empower the Secretary to the Ministry of Public Administration, Provincial Councils and Local Governments to issue circular instructions to the the secretaries of all the Ministries, Local Government Secretaries and Heads of Departments in regard to salary revisions of the government service.

• To empower the Secretary to the Ministry of Finance, Plan Implementation and Economic Development to issue circular instructions for state corporations, statutory boards and fully government owned companies and other institutions.

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Amendment of the Companies Act No. 07 of 2007 to be Gazetted

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Approval of the Cabinet of Ministers has been granted to amend the Companies Act No. 07 of 2007 for remedying the shortcomings related to the transparency according to the international standards for prevention of money laundering, financing terrorism and other illegal activities.

Accordingly, the draft bill prepared by the Legal Draftsman has been revised as per instructions provided by the Attorney General subject to the special decision of the Supreme Court No. SC/SD/92/2024 and clearance of the Attorney General has been granted for the final draft bill prepared by the Legal Draftsman.

The Cabinet of Ministers granted approval to the resolution furnished by the Minister of Trade, Commerce, Food Safety and Cooperative Development to publish the aforementioned draft bill in the government gazette notification and subsequently submit to the Parliament for its concurrence.

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