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Sri Lanka PM aims to develop the country rapidly next two years

2Jul

By Faraz ShauketalyNo Comments

LOCAL

Sri Lanka PM aims to develop the country rapidly next two years

Prime Minister Rani Wickremesinghe says his aim is to develop the country rapidly and Rs. 160 -200 billion will be allocated in the next two years to achieve this target. The Prime Minister said the government inherited a collapsed economy in 2015 and built it systematically with various sacrifices and continuing to take the country forward this way for another 3-4 years, the government can extend immense benefits to the masses. Prime Minister Ranil Wickremesinghe made these disclosures speaking at a ceremony held at the Kelebokka Public Estate in Kandy to grant land title deeds to the estate workers of Panwila area of Kandy on Sunday (01). Expressing his views, the Premier said today, a program was started to distribute land among people in the Kandy and Matale district and under...

Sri Lanka to launch Rs. 3 bn fund to develop IT industry

The Sri Lankan government will launch IT Initiative, an exclusive fund to develop the IT industry with the assistance of the island's universities. The Minister of Finance Mangala Samaraweera in his budget for next year announced that the government will launch its "Angel Fund for the IT industry" and invest Rs. 3 billion in the fund within the next five years. The initiative will be operated through the Export Development Board. In his budget speech Minister Samaraweera said the IT and the IT related sectors have the potential to reach USD 5 billion in export earnings in the next 5 years. "As such, to support this industry, especially the SME IT companies, we will launch, the 'IT Initiative', which is in effect the Government's angel fund for the IT industry," The initiative, ...

Kurdistan Region to develop relations with Sri Lanka in all fields

The Kurdistan Region Government (KRG) is ready to develop relations with Sri Lanka in all fields, the Head of KRG Department of Foreign Relations Minister Falah Mustafa has said receiving Sri Lanka's new Honorary Consul to the region. Minister Falah Mustafa received the newly appointed Honorary Consul of Sri Lanka to the Kurdistan Region Mr. Ahmad Jalaladin Mustafa on Tuesday October 31st, 2017. Minister Falah Mustafa accepted his credentials and congratulated him on assuming his new post. He voiced his department's readiness to extend to him all necessary support and facilitation, adding that the KRG is willing to develop relations in all fields with Sri Lanka. Mr. Ahmad Mustafa shed light on the policies of the Sri Lankan government in foreign relations and pointed out that the ...