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First investor of ‘Colombo Financial City’ arrives

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After the Port City was renamed as Colombo Financial City and launched in Dubai, UAE, four investors from a Chinese company arrived in Sri Lanka yesterday as the first investor to invest in it.

The team of CZK Huarui International Culture and Art (Beijing), a semi-state company in China, is led by its General Manager Sophia Li.

This group of investors arrived in Sri Lanka based on the agreements and MoUs reached with the Sri Lanka Board of Investment (BOI) and the Sri Lanka Ministry of Investment Promotion following the recent visit of Investment Promotion State Minister Dilum Amunugama.

They have planned to establish a gem museum, an affiliated gem testing laboratory and a gem auction center in the financial city of Colombo at a cost of US$ 50 million.

In addition, they have planned to invest another 150 million US dollars to establish an electric vehicle assembly factory under the Sri Lanka Board of Investment.

State Minister Amunugama has prepared arrangements to give the necessary approval for all these investment projects within seven days.

This group of investors arrived from Kunming, China at 08.30 pm yesterday and they were welcomed by BOI Deputy Director Manoj Casseer, Board Director Ranjith Dharmasiri and a group of officials at the Katunayake Airport.

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SL calls to de-escalate situation in Middle East

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The Government of Sri Lanka has expressed grave concern about the latest developments in the Middle East. 

A statement by the Ministry of Foreign Affairs, Foreign Employment and Tourism states, “We continue to call upon all parties to take concrete steps to de-escalate the situation.”

“All concerned parties should return to dialogue and engage in intense diplomatic efforts to establish and maintain peace with a view to ensuring stability in the Middle East region,” the statement adds.

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Warrant issued to arrest Sajin Vass

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The Colombo Magistrate’s Court today (June 23) ordered to arrest former MP Sajin Vass Gunawardena and present him in court.
The order was issued due to Gunawardena’s failure to appear in court over a case filed by the Commissioner of Inland Revenue against the non-payment of income tax amounting to Rs. 36.9 million.

The Commissioner of Inland Revenue had filed this case in 2023, regarding the non-payment of income tax for the years 2010 – 2012.

Appearing on behalf of the complainant, Dinesh Perera, informed the court that the defendant had not appeared in court despite being issued summons.Taking into consideration the facts presented, Additional Magistrate Pavithra Sanjeevani Pathuraja issued a warrant ordering Gunawardena to be produced before the court.

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Dr. Harshana Suriyapperuma appointed new Finance secretary

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Former Deputy Minister – Dr. Harshana Suriyapperuma has officially been appointed as the new Secretary to the Ministry of Finance.

The letter of appointment was handed over to Dr. Harshana Suriyapperuma by the Secretary to the President Dr. Nandika Sanath Kumanayake this morning (23) at the Presidential Secretariat.He was appointed to the post after the recent retirement of former Finance Secretary – Mahinda Siriwardana.

Dr. Suriyapperuma, who served as a National List Member of Parliament representing the National People’s Power (NPP) and former Deputy Minister of Finance and Planning, had tendered his resignation from Parliament last week.

Dr. Suriyapperuma has been involved in capital market regulation for several years as a Director of the Securities and Exchange Commission of Sri Lanka, which operates under the Ministry of Finance.

He successfully elevated Sri Lanka’s ranking in the “Protecting Minority Investors” indicator within the World Bank’s Ease of Doing Business, from 74th to 28th globally.

He holds a Master of Business Administration (MBA) from the Postgraduate Institute of Management, University of Sri Jayewardenepura and a Doctorate from the Management and Science University, Malaysia.

He is also a member of the Chartered Institute of Management Accountants (CIMA) and the Association of Chartered Certified Accountants (ACCA) in the United Kingdom.

Dr. Suriyapperuma has represented the capital market as a member of the Anti-Money Laundering Task Force and has contributed to the formulation of current financial sector policies, including those for listing small and medium-sized enterprises.

Furthermore, he has held several key positions in leading private sector companies, including Chief Executive Officer roles.

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