The sole responsibility of compiling Gross Domestic Product (GDP) estimates is vested with the Department of Census and Statistics (DCS) since 2007. However, the Central Bank of Sri Lanka (CBSL) has observed media statements by interested parties, in relation to the involvement of CBSL in manipulating GDP estimates of the country, misleading the general public.
Pakistan’s Chairman Joint Chiefs of Staff Committee (CJCSC), General Zubair Mahmood Hayat is visiting Sri Lanka on the invitation of Sri Lankan Chief of Defence Staff, Admiral R.C. Wijegunaratne from June 27 to 30, 2018.
The State Minister’s visit coincides with the arrival of the Norwegian research vessel Dr. Fridtjof Nansen to Sri Lanka. The research vessel will arrive in Colombo on the 21st of June followed by a 26 days research journey around the island. The research vessel will assist Sri Lanka in mapping her marine resources.
Approval of Cabinet of Ministers has been granted to repeal the Secured Transaction Act No 49 of 2009 and draft a new bill facilitating small and medium scale entrepreneurs to obtain loans providing most of their assets as securities.
Minister of Petroleum Resources Development Arjuna Ranatunga stated that a new type of petrol will be introduced for three-wheelers and motorcycles. He stated this attending the event for handing over the appointment letters for the newly appointed engineers of the Ceylon Petroleum Corporation (CEYPETCO).
He also said that the studies being conducted regarding this are successful. In his speech he stated that, although the government or he didn’t necessarily like the recent increase of fuel prices, tough decisions must be made to find solutions for issues.
He says that they believe the new type of petrol which they are experimenting on for to be introduced for three-wheelers and motorcycles is highly likely to be successful. He requested the support of the newly appointed engineers to take the company forward by combining their new ideas with new technology. The event was also attended by many guests including the Secretary to the Ministry Upali Marasinghe and CEYPETCO Managing Director Neil Jayasekara.
SriLankan Airlines wishes to inform all passengers that in view of a slight delay in the construction planned, we have noted that we are not yet restricted in space at this early stage of the renovation. Hence passengers have the option of still reporting at normal times - that is three hours prior to departure time of flights".
It has been identified that most of the contracts in relation with Government’s Infrastructure Development projects are exceeds the engineer estimates and the cost is being increased during the execution.