News
Trump govt. may want Sri Lanka to increase imports – Chung
FM Herath visiting Washington now may be wishful thinking?
Democratic People’s Front and Tamil Progressive Alliance leader Mano Ganesan, MP, said that new Trump administration may expect Sri Lanka to increase imports from the US and US cotton fabric raw material could be one such possible import.
MP Ganesan said so after meeting US Ambassador Julie Chung on Tuesday (25). Ganesan represents the main Opposition SJB in the current Parliament.
Claiming that he had a productive meeting with Ambassador Chung, Ganesan said that the US accounted for 23% of Sri Lanka’s annual exports, valued at $16 bn but Sri Lanka only imported $370 M worth of goods from the US.
The MP said that they were told that the Trump administration might expect Sri Lanka to increase imports from the US in order to reduce the trade imbalance. “We were also informed that US cotton fabric raw material for the Lankan apparel industry is one such possible import that could be increased.”
According to MP Ganesan the post-Aragalaya economic rebuilding process, the reconciliation, and the aspirations of marginalised upcountry Tamil community were discussed. The former Minister also said that they were told there was no basis for reports of Foreign Minister Vijitha Herath visiting the US soon.
As per the approval given by the cabinet meeting held on 02-06-2025, action is being taken at present to offer the underutilized lands/properties of the Sri Lanka State Plantation Corporation, the Janatha Etate Development Board, and the Elkaduwa Plantation Company which are under the Ministry of Plantation and Community Infrastructure which have been identified under stage one to suitable investors.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Plantations and Community Infrastructure to provide following lands/properties on a lease basis to the suitable investors for optimal utilization following the prescribed procurement procedure.
• underutilized lands/properties identified under stage two owned by the Sri Lanka State Plantation Corporation, the Janatha Estate Development Board, and the Elkaduwa Plantation
Company,
• The Mawarala watte land and the Tea factory 40.48 hectares in extent, located in Matara District belonging to the Tea Shakthi Fund.
• The underutilized land of 1,541 hectares in extent of Kondachchi Estate is enjoyed by the Sri Lanka Cashew Corporation.
The drafting of the National Fisheries and Aquaculture Policy has commenced with the objective of equitable distribution of the benefits of the fisheries industry and the sustainable management of fisheries and aquaculture. This policy has been updated from time to time according to current requirements. However, steps have not been taken to obtain the approval of the Cabinet of Ministers for that purpose.
According to the policy declaration of the present government, ‘Vistas of Prosperity and Splendor’ the National Fisheries and Aquaculture Policy has been redrafted, updating the aforementioned policy in line with the economic and development objectives of the government.
The recommendations of the Department of National Planning have been received for the drafted policy.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Fisheries, Aquaculture, and Marine
Resources to implement the National Fisheries and Aquaculture Policy, integrating it with other relevant policies.
News
Expressions of Interest called to develop selected locations within the Pelawatte Sugar Factory premises
It has been recognized that there is potential to develop selected places within. the Pelawatte Sugar Factory, owned by Lanka Sugar (Private) Company Limited, as locations of tourist attraction.
Hence, the Cabinet of Ministers has approved the proposal presented by the Minister of Industry and Entrepreneurship
Development to call for expressions of interest following the prescribed procurement guidelines to identify suitable investors and to invite project proposals from eligible investors to develop the selected locations under Public-Private Partnership method.
Providing underutilized lands/properties to suitable investors for optimal utilization.
Implementation of the National Fisheries and Aquaculture Policy
Expressions of Interest called to develop selected locations within the Pelawatte Sugar Factory premises
Minimum purchasing price of Samba and Kiri Samba paddy incresed
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