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Rs. 250 m allocation to unlock investment potential of underutilised lands

June 04, 2025

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Daily FT

THE Cabinet of Ministers on Monday approved proceeding with a wide-ranging development initiative to provide underutilised State-owned lands and properties to suit able investors for optimal usage.

The project is designed to attract private investment, particularly from small and medium enterprises (SMEs) with an initial funding allocation of Rs. 250 million from the 2025 Budget.

Speaking at the weekly post-Cabinet meeting media briefing yesterday, Cabinet Spokesman and Minister Dr.

المزيد من القصص من Daily FT

Daily FT

WindForce secures Letter of Award for 50 MW Mullikulam Wind Power Project – Lot 1

WINDFORCE PLC has been awarded the official Letter of Award by the Ceylon Electricity Board (CEB) for Lot 1 of the 50 MW Mullikulam Wind Power Project, confirming the company's position as the Lowest Cost Bidder for one of Sri Lanka's most strategically significant renewable energy developments.

time to read

1 min

January 22, 2026

Daily FT

Dr. Anura Ekanayake appointed Chemanex Chairman, Waruna Madawanarachchi appointed to Board

CHEMANEX PLC has appointed Dr. Anura Ekanayake as Chairman of its Board and appointed Waruna Madawanarachchi as a Non-Independent, Non-Executive Director.

time to read

1 mins

January 22, 2026

Daily FT

Daily FT

Siddhalepa Ayurveda opens new outlet at BIA

SIDDHALEPA Ayurveda, a key pillar of the Hettigoda Group of Companies, has opened its newest outlet at the Departure Terminal of the Bandaranaike International Airport (BIA), Katunayake.

time to read

1 min

January 22, 2026

Daily FT

Daily FT

Classic Travel becomes No.1 Overall Partner for Qatar Airways

EXPOLANKA Leisure Cluster delivered a standout performance at the Qatar Airways Awards 2026, held in Colombo, with Classic Travel emerging as the No.1 Overall partner across all key categories.

time to read

1 min

January 22, 2026

Daily FT

Sri Lanka-Germany Business Council holds 26th AGM

THE 26th Annual General Meeting (AGM) of the Sri Lanka-Germany Business Council (SLGBC) took place at Hilton Colombo Residences, Colombo 2.

time to read

1 min

January 22, 2026

Daily FT

Carson Group updates on Indonesian Govt.'s move to nationalise palm oil plantations

CARSON Cumberbatch PLC and Bukit Darah PLC have issued their latest response to the Indonesian Government’s plans to nationalise its palm oil plantation.

time to read

1 min

January 22, 2026

Daily FT

Hela Apparel proposes $ 12 m stake transfer in Hela Brands

HELA Apparel Holdings PLC has called an Extraordinary General Meeting (EGM) to seek shareholder approval for the transfer of a majority stake in its overseas subsidiary, Hela Brands Ltd., in a deal valued at $ 12 million.

time to read

1 min

January 21, 2026

Daily FT

Daily FT

Maldives: 52 years of transformation into Asia's wealthiest nation per capita

IN 1971, Italian tour operator Giorgio Corbin arrived in Sri Lanka in search of the small dots he had seen on a world map.

time to read

6 mins

January 21, 2026

Daily FT

Daily FT

Tishan Subasinghe takes the reins as 28th President of CA Sri Lanka

THE Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) yesterday ushered in a new era of leadership with the formal induction of Tishan Subasinghe as its 28th President.

time to read

3 mins

January 21, 2026

Daily FT

Daily FT

Govt. must push reforms with 2026 FDI projected under $ 1 b: SCB

■ Delays in critical reforms lends to moderate FDI showing ■ Tourism mix, trade facilitation and export diversification flagged as priority areas ■ Single trade window, trade treaties and digitisation cited as urgent enablers ■ Finalising PPP law viewed as key to attracting large-scale FDI and infrastructure capital

time to read

3 mins

January 21, 2026

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