Who will be given the Ministry of Investment Promotion?

Date:

The Sri Lanka Export Development Board, the Sri Lanka Board of Investment and the Colombo Port City Economic Commission, which were under the Ministry of Finance, were taken over by the Ministry of Investment Promotion, based on an extraordinary gazette issued by President Ranil Wickremesinghe on September 16.

Despite the three public institutions being taken away from the Finance Ministry, they will continue to operate under the President himself given that no person has yet been appointed as the Cabinet Minister of Investment Promotion.

As of now two MPs’ names have been nominated for the post, Vajira Abeywardena the Chairperson of the United National Party (UNP) and Dhammika Perera, an ex business magnet and a national list MP of the Sri Lanka Podujana Peramuna (SLPP) who had previously served in the same position.

Accordingly, the most trusted person from the two will be given the position, according to political sources.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Ranil and AKD: A Tale of Two Presidencies, Courtesy of the Constitution

By Adolf Sri Lanka’s politics has always been shaped by...

Cashew Industry Stumbles amid Policy Hurdles and Supply Shortfalls

Sri Lanka’s ambitions to transform cashew into a major...

Government Fast Tracks Reforms Targeting Corporate Transparency

The government is swiftly pushing new legislative reforms to...

Sri Lanka’s Duty-Free Car Permit System Faces Scrutiny 

Sri Lanka’s long-standing duty-free vehicle permit scheme, originally designed...