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New Commercial High Court to be set up

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Cabinet approval has been granted to establish a new Commercial High Court to ensure expeditious disposal of the existing backlog of commercial matters.

The said Commercial High Court is to be established at the address No.80, Justice Avenue, Colombo 12.

Achieving development goals requires taking necessary steps to maintain a better investment environment in the country. Considering that situation, it has been identified the need of a new Commercial High Court to ensure expeditious disposal of the existing backlog of commercial matters, the government states.

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Cinnamon prices drop in SL

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Cinnamon prices have dropped in the Sri Lankan market, the Department of Agriculture states.

Alba cinnamon, which is the highest grade of Ceylon cinnamon available in the local market, is sold between Rs. 4,800 – Rs. 5,000 per kilo which is a drop of Rs. 500.

This will lead to serious economic issues for those at the grassroot level of the industry, whose livelihood is cinnamon cultivation.

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Permission to utilize Nuwara Eliya Post Office building

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Sri Lanka Post has stated that permission was granted to utilize the Nuwara Eliya Post Office building for an investment project.

The development of the building will be undertaken by the Urban Development Authority (UDA) soon and future measures are to be taken after the post office is relocated.

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Mobile phones & SIM cards found in Pastor Jerome’s prison ward

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It is reported that prison intelligence officers have discovered 33 mobile phones and 35 SIM cards during a sudden raid in the ‘G’ and ‘H’ wards of the Colombo Magazine Prison.

Pastor Jerome Fernando, who is currently being remanded on a court order,  has been detained in the ‘G’ ward of Magazine Prison since Dec. 01.

This sudden raid was carried out on the night of Dec. 02.

The Department of Prisons have handed over the seized phones and SIM cards and commenced further investigations.

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