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Lotus Tower looking for investors 

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The Lotus Tower is looking for investors for its 44,000 square foot second floor after a rent agreement with a Singaporean company, backed by State Tourism Minister Diana Gamage, to set up a casino and entertainment area, lapsed with its conditions being unfulfilled.

A Singaporean firm named Kreate Design PTE forged a deal with the Lotus Tower Management Company (Pvt) Ltd (LTMC) last year for the sprawling floor in the tower base. The signing ceremony was attended by Minister Gamage and Arosha Fernando, Coordinating Secretary to the State Tourism Minister.

But three months into the agreement, its conditions–including that the company would secure the requisite casino licence–were not met. A month’s extension was granted on request but this, too, has expired, said Maj. Gen. (Rtd.) Prasad Samarasinghe, LTMC Chief Executive Officer and Director.

“The floor is now open for anybody and we will be floating a tender in this regard,” he said. Rent goes at Rs. 500 per square foot and Rs. 100 per square foot for common areas.

Minister Gamage had claimed that Kreate would open Sri Lanka’s “first foreign-funded casino and entertainment hub” at a total input of US$ 1bn over three years. She said business was introduced to Sri Lanka in late November by her and that it would be the largest investment for the country since the COVID-19 pandemic.

“All our plans are now ready to put into action as we will deliver what we have promised without any failure,” she was quoted as saying. The Singaporean company had reportedly tied up with a local firm through which it had applied for a casino licence.

Maj. Gen. Samarasinghe later confirmed that the company had signed a memorandum of understanding (MoU) for an annual rental of US$ 1.4mn. Under the 10-year agreement, LTMC was to have received a six-month refundable deposit and operations were to start last month.

LTMC has notified the parties that the MoU, along with the extension, lapsed on May 7. “We will be calling for proposals for a rent model and whoever wants to can bid,” Maj. Gen. Samarasinghe told the Sunday Times. “It doesn’t have to be just for a casino, it can be any model.”

Among the parties who inspected ii is an Omani investor who has previously expressed interest in UDA properties around Colombo; and an Indian investor who is also considering the casino option. The tender has not been advertised yet.

Considerable space in the Lotus Tower has already been rented out to food suppliers and others. And a deal is being hammered out for the management of the revolving restaurant, two banquet halls, six suites and kitchen.

There is a bungee jumping operator and a mega zip-line is also on the cards. All space on the dedicated technology floor is now filled, Maj. Gen. Samarasinghe said. More than 828,000 people –14,700 of them foreign tourists — have visited the tower so far.

(sundaytimes.lk)

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Cabinet approval to allow salt imports

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The Cabinet of Ministers has approved the decision to allow the importation of salt for industrial and consumer use until June 10, 2025.

The Ministry of Trade has said that the decision was reached at the Cabinet meeting held today (May 15).

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Key issues faced by disability community, discussed

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The Parliamentary Caucus for Persons with Disabilities held a discussion with representatives of groups with disabilities regarding the key issues affecting the community with disability.

This discussion took place recently (8th) in Parliament under the Chairmanship of Member of Parliament Sugath Wasantha de Silva.

The representatives informed the Caucus of their issues following a request made by the Caucus. The Chair of the Caucus stated that all the proposals and ideas presented would be received with great respect and that appropriate action would be taken by the Committee in this regard.

During the discussion, the attending representatives proposed that a specific quota be reserved for the community with disabilities in all elections. They also proposed the creation of a dedicated web page containing all necessary data related to the community with disabilities, which should be accessible via mobile phones.

Furthermore, attention was drawn to the need for increased facilities for children receiving education through Braille media. They also brought to the attention of the Caucus the proposal previously submitted to the Ninth Parliament regarding the introduction of new legislation for the community with disability and requested that further action be taken on it.

In addition, the Caucus was informed about the shortage of teachers affecting the education of the hearing-impaired community, and proposals were also presented regarding the creation of employment opportunities for persons with disabilities in both the public and private sectors.

State Minister Dr. Upali Pannilage and Hon. Members of Parliament – Dr. Pathmanathan Sathiyalingam, Chandima Hettiarachchi, and Susantha Kumara Nawarathna also participated in this Parliamentary Caucus.

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Over Rs. 200 mn. revenue generated in vehicle auction – PMD (Update)

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2nd phase of luxury vehicle auction by the Presidential Secretariat Concludes Successfully

The second phase of the auction to sell luxury and decommissioned vehicles owned by the Presidential Secretariat was successfully concluded today (15 May), with over Rs. 200 million in revenue generated, the President’s Media Division says.

A total of 26 vehicles, previously allocated by former Ministers and the former President, to their advisors and staff appointed under Article 41(1) of the Constitution during their tenure, were listed for sale. Out of these, 17 vehicles were successfully sold today with 

The auctioned vehicles included:

  1 BMW car
  2 Ford Everest SUVs
  1 Hyundai Terracan SUV
  2 Land Rover SUVs
  1 Mitsubishi Montero
  3 Nissan Patrol vehicles
  2 Nissan brand cars 
  1 Porsche Cayenne
  5 SsangYong Rexton SUVs
  1 Toyota Land Cruiser Sahara
  6 V8 vehicles

  1 Mitsubishi Rosa air-conditioned bus

With the aim of reducing government expenditure and promoting fiscal responsibility, a decision was taken to auction the vehicles belonging to the Presidential Secretariat.

The decision to auction these vehicles were taken with the aim of reducing government expenditure and promoting fiscal responsibility, the PMD adds.


(Previous News on 15th May 2025 at 8:57am)

2nd phase of luxury vehicles auction, today

As part of the second phase of the luxury vehicle auction conducted by the Presidential Secretariat, 26 vehicles including luxury and decommissioned models are scheduled to be auctioned today (May 15).

All vehicles set to be auctioned were manufactured within the last ten years. The deadline for submitting bids for these vehicles concluded today (May 14).

Among the vehicles to be auctioned are 01 BMW car, 02 Ford Everest Jeeps, 01 Hyundai Terracan Jeep, 02 Land Rover Jeep 02, 01 Mitsubishi Montero, 03 Nissan Patrol vehicles, 02 Nissan cars, 01  Porsche Cayenne, 05 SsangYong Rexton Jeeps, 01 Toyota Land Cruiser Sahara, 06 V08 vehicles and 01 Mitsubishi Rosa air-conditioned bus.

Previously, under the first phase of this auction, 14 luxury vehicles, six decommissioned vehicles, and various spare parts were sold.

This initiative is part of the government’s effort to reduce expenditure and promote financial responsibility. In the first phase, 15 vehicles, including nine Defender jeeps, were successfully auctioned.

The vehicles being auctioned tomorrow are not part of the official vehicle fleet assigned to the regular staff of the Presidential Secretariat. Instead, they were used by advisors and staff appointed by the former President under Article 41(1) of the Constitution during his term in office.

(President’s Media Division)

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