News

POIASL renews call to lift oil palm cultivation ban

Published

1 month ago

December 6, 2024

editor

The Palm Oil Industry Association of Sri Lanka (POIASL) has urged the Government to reconsider the 2021 ban on oil palm cultivation, citing its economic, environmental, and strategic benefits.

Speaking at the association’s fifth AGM, President Dr. Rohan Fernando criticized the ban as an “ill-conceived decision” lacking scientific basis, driven by vested interests. He emphasized that oil palm is the most efficient vegetable oil crop, meeting over 40% of global demand.

Fernando argued that expanding oil palm cultivation could reduce edible oil imports, save foreign exchange, and create jobs. He highlighted India’s accelerated oil palm expansion as a model and called for collaboration with major producers like Indonesia, Malaysia, and India.

The AGM concluded optimistically, with hopes that the new administration will reconsider the ban to align with its goals of food security, poverty alleviation, and economic growth.

News

SJB appoints committee for talks on working together with UNP

Published

1 hour ago

January 16, 2025

editor

The Working Committee of the Samagi Jana Balawegaya (SJB) has approved a proposal for discussions to work together with the United National Party (UNP).

Accordingly, a five-member committee, headed by SJB General Secretary – Ranjith Madduma Bandara, has been appointed for the discussions.

News

China pledges to back sovereignty, territorial integrity & independence of SL (Video)

Published

2 hours ago

January 16, 2025

editor

Zhao Leji, Chairman of the Standing Committee of the National People’s Congress (NPC) of China, stated that China is committed to supporting Sri Lanka’s sovereignty, territorial integrity, and independence.

This statement was made during a meeting between President Anura Kumar Disanayake and Zhao Leji, which took place earlier today (Jan. 16) as part of President Disanayake’s four-day official visit to China.

During the meeting, Chairman Zhao warmly welcomed President Disanayake, further emphasizing that working with Sri Lanka in a continuous and cooperative manner is a key expectation of the Chinese National People’s Congress.

Minister of Foreign Affairs, Foreign Employment, and Tourism – Vijitha Herath, Minister of Transport, Highways, Ports, and Civil Aviation – Bimal Rathnayake, Chinese Ambassador to Sri Lanka – Qi Zhenhong and Sri Lankan Ambassador to China – Majintha Jayesinghe, were also present at the event.

(President’s Media Division)

BIZ

SL President holds talks with globally renowned Chinese companies (Pics)

Published

2 hours ago

January 16, 2025

editor

During his four-day state visit to China, President Anura Kumara Disanayake held a series of strategic discussions with several globally acclaimed leading Chinese corporations following his participation in an investment forum organized by both public and private sector entities in China.

Among the prominent companies involved in these discussions were the China Communications Construction Company Ltd (CCCC), China Petrochemical Corporation (SINOPEC Group), Metallurgical Corporation of China Ltd (MCC), Huawei and BYD Auto.

President Disanayake highlighted the investment opportunities available in Sri Lanka and assured these corporations that the government is committed to providing all necessary facilities and support to investors to foster a business-friendly environment.

Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath and Minister of Transport, Highways, Ports and Civil Aviation Bimal Rathnayake also participated in these significant engagements.

(President’s Media Division)