Connect with us

News

FDI records 90% increase in Q1 of 2025

Published

on

The Board of Investment (BOI) of Sri Lanka has successfully increased Foreign Direct Investment (FDI) by US$96 million in the first quarter of 2025, compared with the same period in 2024.

This was disclosed today (June 20) during a progress review meeting of the Board of Investment of Sri Lanka, chaired by President Anura Kumara Disanayake at the Presidential Secretariat.

BOI officials also noted that, relative to the first quarter of 2024, domestic investment rose by US$21 million, while export income increased by US$176 million during the first quarter of 2025. In total, Sri Lanka has attracted US$4,669 million in investment proposals thus far in 2025.

The meeting also focused on the issues and challenges associated with attracting investment to the country and discussed potential strategies to address them.

Addressing the gathering, President Anura Kumara Disanayake stated that the Board of Investment holds a pivotal role in enhancing the national economy and improving the living standards of the rural population.

He stressed that opportunities to attract investment in traditional sectors are becoming increasingly limited and therefore the nation must identify new areas for investment, an endeavour that falls under the BOI’s mandate.

The President further noted that Sri Lanka has attracted only around US$22 billion in investment since 1978. In comparison to other countries in the region, he stated, Sri Lanka must advance rapidly, referencing Vietnam’s achievement of securing US$23 billion in investment in 2022 alone.

He went on to state that the BOI should prioritise the expansion of investment in the services sector and proactively seek new investment opportunities, rather than focusing solely on recapturing missed ones.

The event was attended by senior officials of the Board of Investment, including Mr Duminda Hulangamuwa, Senior Advisor to the President on Economic Affairs; Mr Arjuna Herath, Chairman of the Board of Investment; and Ms Renuka Weerakone, Acting Director General of the Board of Investment.

(President’s Media Division)

News

Harshana Suriyapperuma resigns from Parliament

Published

on

By

Dr. Harshana Suriyapperuma, who served as the Deputy Minister of Finance and Planning, has resigned from Parliament. 

He is reportedly tipped to be appointed as the new Secretary to the Ministry of Finance after the retirement of Mahinda Siriwardana at the end of the month.

Meanwhile, the Secretary General of Parliament – Mrs. Kushani Rohanadeera has informed the Chairman of the Election Commission in writing that a vacancy has arisen in Parliament due to the resignation of Dr. Suriyapperuma.

Dr. Suriyapperuma, a National List Member of Parliament representing the National People’s Power (NPP) and the Deputy Minister of Finance and Economic Stabilization, submitted his letter of resignation to the Secretary General of Parliament.According to the letter submitted by Dr. Suriyapperuma, the resignation is effective from June 20, 2025.

Accordingly, the Secretary General has informed the Chairman of the Election Commission that, in terms of Section 64(5) of the Parliamentary Elections Act No. 1 of 1981, the seat held by Dr. Harsha Suriyapperuma in the Tenth Parliament is now vacant.

Continue Reading

News

UN High Commissioner for Human Rights to visit SL

Published

on

By

The United Nations High Commissioner for Human Rights Volker Türk will undertake an official visit to Sri Lanka from June 23 – 26, 2025. 

This marks the first visit by a UN High Commissioner for Human Rights to Sri Lanka since February 2016.
During the visit, the High Commissioner is scheduled to call on the President and the Prime Minister. He will also hold meetings with the Minister of Foreign Affairs, Foreign Employment, and Tourism, several other Cabinet Ministers, Members of Parliament, senior Government officials, religious leaders, representatives of civil society, members of the diplomatic community, and the Human Rights Commission of Sri Lanka.

As part of the programme, the High Commissioner will travel to Kandy where he will pay respects to The Temple of the Sacred Tooth Relic and call on the Chief Prelates of the Malwatte and Asgiriya Chapters. He will also travel to Jaffna and Trincomalee where he will meet with the Governors of the Northern and Eastern Provinces.

Substantive discussions during the visit will focus on further advancing the promotion and protection of human rights and reconciliation, in line with the Government of Sri Lanka’s ongoing constructive engagement with the Office of the High Commissioner for Human Rights.

Continue Reading

News

3 DMT officials remanded until July 07

Published

on

By

Three officials from the Narahenpita branch of the Department of Motor Traffic (DMT), including the Deputy Commissioner, have been remanded until July 07 following allegations of accepting bribes totaling nearly Rs. 04 million.

The suspects were presented before Colombo Chief Magistrate Tanuja Lakmali Jayatunga earlier today (June 20) and court ordered their continued detention as investigations are continuing.Authorities allege that the officials solicited bribes from members of the public seeking vehicle licenses and registration services with these bribes reportedly discovered in their possession during the arrest.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved