Sri Lankan boating industry is expected to generate USD 100 million worth of business this year as against USD 97 million recorded in 2017. In addition to this, under the national strategy of the boating industry, it is expected to generate USD 250 million worth of business by 2020 from this sector, said Boat Building Technology Improvement Institute Sri Lanka, Managing Director Gamini B. Herath. He expressed these views speaking at a press conference held to announce the upcoming Boat Show and Boating Festival 2018.
The Department of Census and Statistics (DCS) recently launched its Digital repository and the online library catalogue under the patronage of State Minister of National Policies and Economic Affairs, Dr. Harsha De Silva at its Head Office in Battaramulla. This project has been initiated with technical support from the Open University of Sri Lanka and in collaboration with the National Science Foundation.
The Government has decided that the Secretaries to Ministries, Heads of Departments, Chairpersons, executive officers and Accountants of Government Institutions should take the responsibility of paying salaries to redundant workers they have employed in addition to the approved Cadre.
The government has no plans to close down SriLankan Airlines, asserted Public Entreprise and Kandy City Development Minister Lakshman Kiriella. He also said that however the airline’s income and expenditure should be bridged.
Health Minister Rajitha Senaratne saying that the influenza had claimed lives of nearly 20 infants in the south and elsewhere, was now being brought under control, added that the influenza virus changed rapidly and therefore the same vaccine could not be used to control the disease all the time.
Lanka Indian Oil Company (LIOC), a subsidiary of Indian Oil Corporation will intensify their bunkering operations in Sri Lanka focusing on the Trincomalee Port.Senior Vice President, (Finance) LIOC, Anuj Jain said the company plans to make Trincomalee a hub for bunkering operations for the entire the region. Trinco port which is known as the world’s 5th best natural harbour provides an excellent opportunity to provide bunkering facilities for the vessels operating on the Bay of Bengal–Western Countries shipping route.
A Presidential Task Force has been appointed to operate development programs in the North and East.The task force headed by President Maithripala Sirisena will be responsible for operating coordinating and follow up of all development programs in the Northern and Eastern Provinces.
The country's foremost economic event - "Sri Lanka Economic Summit 2018", organized by the Ceylon Chamber of Commerce, Sri Lanka's premier business chamber, is to take place on 12th - 14th September at Cinnamon Grand Colombo. The theme for this year's Economic Summit is "On the Fast Track to a Turnaround".
The U.S. Government’s Millennium Challenge Corporation (MCC) Managing Director for Europe, Asia, Pacific, and Latin America Caroline Nguyen visited Sri Lanka from June 11 to 13 to advance the development of the proposed MCC compact a large-scale five-year grant program.