EDB conducted a Briefing Session on Indonesian Investment opportunities for Foreign Investors with Directorate of Investment Promotion of Indonesia

EDB in collaboration with Sri Lanka Embassy in Jakarta organized a briefing session to discuss on “Indonesian Investment opportunities for Foreign Investors” with Directorate of Investment Promotion of Indonesia and the Ministry of Investments of Indonesia on 12th July 2024. The main focus of this session was on the construction and power and energy sectors, to provide Sri Lankan industry …

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Public Sector Resilience: Employee Stability amid Challenges over Past Two Year

State Minister for Home Affairs, Ashoka Priyantha, emphasized that despite the challenges posed by the COVID-19 pandemic and severe economic crisis, maintaining stable public services without any employee layoffs or salary cuts is a significant achievement. He credited President Ranil Wickremesinghe’s guidance for being instrumental in achieving this stability. Addressing the press briefing titled “Two Years of Progress and Advancement” …

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Free land and housing rights are given to the people covering villages, towns and plantations – The President

President Ranil Wickremesinghe announced plans to develop the Western Province into a major city accommodating approximately 05 million people. The President emphasized that the government is implementing a revolutionary program to provide freehold land and housing rights to the people covering villages, towns, and plantations, aiming to alleviate hardships faced by the country’s citizens. President Ranil Wickremesinghe made these remarks …

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The adjustment of water tariffs alongside the revision of electricity tariffs is currently under review

Minister of Water Supply and Estate Infrastructure Development Jeevan Thondaman, announced that the reduction of water tariffs is being studied alongside the new electricity tariff revision, with a decision expected by the end of this week. The Minister also highlighted that the Water Supply Board, previously experiencing a monthly loss of LKR 2.8 billion, has now achieved a profit of …

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President Proposes Security Measures for Presidential Candidates, former Presidents

In view of the forthcoming Presidential election, President Ranil Wickremesinghe has submitted a Cabinet paper for the approval of the Cabinet of Ministers to ensure the safety of the candidates. This proposal suggests the appointment of a committee to conduct threat assessments and provide necessary security for Presidential candidates as well as former Presidents. The committee will include the Secretary …

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Bhikshu Coordinating Centre Opens at Presidential Secretariat

In a move to ensure the Maha Sangha fulfills its constitutional duty of securing the Sambuddha Sasana, President Ranil Wickremesinghe has established a Bhikshu Coordinating Centre at the Presidential Secretariat. This Centre was inaugurated today (17th) under the patronage of the Thrainikayika Maha Sangha, with the coordination of the Secretary to the President Saman Ekanayake. The creation of this Centre …

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Foreign Secretary and Acting Under Secretary for Political Affairs John Bass conclude 5th Sri Lanka

The 5th Sri Lanka – USA Partnership Dialogue concluded on 12 July 2024 in Washington, D.C. The Sri Lanka delegation was led by Secretary of the Ministry of Foreign Affairs Aruni Wijewardane and the USA side was led by Acting Under Secretary for Political Affairs of the U.S. Department of State John Bass. The Sri Lanka delegation included Ambassador Mahinda Samarasinghe …

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Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in June 2024

Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 56.6 in June 2024, indicating an expansion in manufacturing activities. All the sub-indices, except for employment, remained above the neutral threshold during the month. The expansion in New Orders and Production was mainly due to the growth in the manufacture of food and beverages sector. Stock of Purchases also expanded, in …

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Electricity Price Slash Promises 20% Savings on Goods and Services

Minister of Power and Energy, Kanchana Wijesekera highlighted that following the revision of electricity prices, there is potential for a reduction of approximately 20% in the prices of goods and services in the market. The Minister further urged the business community to alleviate the burden on the public by lowering prices, starting from midnight on the day of the electricity …

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