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Prez discuss Japanese funding for projects here

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Rodney Perera, Nobumitsu Hayashi, Ranil Wickremesinghe and Dr. Akihiko Tanaka

President Ranil Wickremesinghe, during his recently-concluded visit to Tokyo, met Japan International Cooperation Agency (JICA) President Dr. Akihiko Tanaka, and Governor of Japan Bank for International Cooperation (JBIC) Nobumitsu Hayashi. The meeting took place at a dinner hosted by Ambassador Rodney Perera at the Sri Lanka Residence, in Tokyo.

The discussion focused on funding of infrastructure and other projects to boost the economy in Sri Lanka. JICA is the governmental agency that delivers the bulk of Official Development Assistance whereas JBIC is a policy-based financial institution of Japan, and conducts lending, investment and guarantee operations while complementing the private sector financial institutions.



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Cabinet nod for new Commercial High Court

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The Cabinet of Ministers approved the proposal presented by the Minister of Justice, Prisons Affairs and Constitutional Reforms to establish a new Commercial High Court to ensure expeditious disposal of the existing backlog of commercial matters.

The new Commercial High Court will be established at No.80, Justice Avenue, Colombo 12

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219.72 Hectares of land in Siyambalanduwa to be acquired and leased to Sustainable Energy Authority

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The Cabinet of Ministers approved the proposal presented by the Minister of Power and Energy on the recommendation of the Ministry of Tourism and Lands, to acquire 219.72 hectares of land in Siyambalanduwa Divisional Secretariat Division of Monaragala District and lease the relevant extent of land on a long-term lease basis for a period of 25 years to the Sustainable Energy Authority, with relevant provisions to enable sub-leasing to a selected renewable energy developer.

 

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Chemicals to be regulated to prevent misuse

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The Cabinet of Ministers approved the proposal presented by the  President in his capacity as the Minister of Defense to make arrangements to regulate  chemicals that could be misused, and to transfer the said regulatory role to the National Authority for the Implementation of the Chemical Weapons Convention.

Among the large number of different chemicals that are used in the country for peaceful purposes such as industrial, agricultural, medical and research activities it has been observed that among those chemicals, chemicals like Nitric acid, Chlorine, Hydrogen Peroxide, Potassium Cyanide, sodium cyanide, Nitro Methane and Sodium Azide are of dual use nature which can be used in many different industries such as milk, beverages, oil-related industries, water purification etc. can be used for harmful activities that threaten national security.

 

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