July 24, 2024
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    State Minister for Defence, Pramitha Bandara Tennakoon, announced plans to amend the National Hydrology Act, paving the way for the creation of Electronic Navigation Charts (ENCs) that could generate an estimated $200 million annually from ships traversing near Sri Lankan waters. He made these remarks while addressing a Press Briefing held under the theme ‘Collective Path to a Stable Country,’ at the Presidential Media Centre (PMC) yesterday (24).


    Minister Nanayakkara emphasized that retaining land, a crucial factor of production, improperly under government control contradicts the constitution. He highlighted that President Ranil Wickremesinghe has rectified this issue through the 2024 budget proposals.

    Make regulations within one month to amend laws in a client protection manner - Sectoral Oversight Committee recommends to the Insurance Regulatory Commission

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