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1,996 housing units to be built under Chinese grant

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Sri Lanka plans to begin construction of 1,996 housing units for artists and low-income families early this year under a 552 million yuan grant facility from China, the Ministry of Urban Development and Housing has announced.

The Ministry of Urban Development and Housing noted that 1,888 housing units for low-income earners and 108 housing units for artistes will be constructed under this project.

Houses for low-income families are to be built in Peliyagoda, Maharagama, Moratuwa, and Dematagoda areas while the houses for artistes are to be built in the Kottawa area.

According to the agreement signed on Jan. 09, 2022, the Chinese government is extending 552 million yuan grant assistance.

The representatives of the Chinese government and the Urban Development Authority (UDA) have jointly conducted a population study for the project and the UDA has prepared the construction plans accordingly.  

A copy of the agreement related to the implementation of this project has been forwarded to the UDA. Consequently, the proposals of the UDA and the Ministry of Finance were forwarded to the company appointed for this program by the Chinese government last November.

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Forests on state lands to be designated as reserves

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The Ministry of Environment has decided to designate several forests located on state owned lands as official forest reserves.

Deputy Minister – Anton Jayakody has stated that such forests, each spanning 05 hectares or more, have been identified in every district.

Special priority will be given to designating forest reserves on mountain peaks.

In the first phase, 20 forests in districts including Monaragala and Ampara have been selected under the new program named ‘Vanaspathi’,  he said.

He further said the initiative aims to protect these forest areas and expand the country’s forest cover.

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No cases filed against 22 banned pyramid schemes – CBSL

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Although the Central Bank of Sri Lanka (CBSL) has banned 22 institutions operating illegal pyramid schemes, no legal action has been taken against any of them so far, according to reports.

This was disclosed during a workshop held at the CBSL yesterday (July 08) on the dangers of pyramid schemes.

According to CBSL officials, after initial investigations, the files were handed over to the Criminal Investigation Department (CID) for further inquiry.

The CID’s Financial Crimes Unit has reportedly completed its investigations and submitted findings to the Attorney General’s Department, which is responsible for filing cases.

However, it was noted that not a single case has been filed to date.

The CBSL states that investigations will be continued against companies engaged in these illegal practices and hopes at least one or two such cases would be filed by the end of this year or early next year (2026).

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NPP’s Nishantha Jayaweera sworn in as MP

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U. D. Nishantha Jayaweera was sworn in as a National People’s Power (NPP) National List Member of Parliament before the Speaker of the House – Dr. Jagath Wickramaratne, today (July 09).

He fills the Parliamentary seat left vacant following the resignation of Dr. Harshana Suriyapperuma last month.

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