Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lankan President establishes National Economic Council to strengthen country's economy
Fri, Aug 18, 2017, 12:26 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 18, Colombo: Sri Lankan President Maithripala Sirisena says he decided to establish National Economic Council (NEC) to strengthen the national economy by formalizing the economic management in the country.

He said the objectives of NEC are to increase the export income and develop the local industry. He pointed out that there is a need for a stronger program for the development of the agriculture. "The National Economic Council aims at fulfilling the government's responsibility for the development of industries," he said.

The President speaking at the annual Planning Award Ceremony of Ceylon National Chamber of Industries, held on Thursday (Aug. 17) at Galadari Hotel in Colombo, said the National Economic Council was established after the discussions with the representatives of World Bank, International Monetary Fund, local and international economic specialists and also Sri Lankan specialists, working abroad.

The President requested the support from everybody for the smooth operation of the National Economic Council.

President Sirisena emphasized that the government will not sign any free trade agreement which will bring injustice or challenge to the local industries and entrepreneurs.

He said some groups that are not related to the business sector are making the business community scared by giving them false information. "The government is getting into the free trade agreements with foreign countries only by protecting local industries," he said.

The President pointed out that the state patronage for the development of local industries was not sufficiently done in the past. He said the government will implement a new program within next few months to encourage and guide small and medium scale entrepreneurs.

This award ceremony was organized by Ceylon Chamber of Commerce for the 16th time. The awards were conferred 16 micro, small, medium and large business institutions, under five categories.

Litro Gas, livestock and mineral oil industries received the awards for state sector industries.

Ven. Athuraliye Rathana Thero and the Chairman of Ceylon National Chamber of Industries Tissa Seneviratne were among those participated in this ceremony.


ColomboPage - Recent 10 Stories ::
Sri Lanka receives World No Tobacco Day Award for third time
-- [24 minutes ago]
Indian, Sri Lankan Premiers discuss entire gamut of bilateral relations
-- [1 hour and 17 minutes ago]
JO brings no confidence motion against Minister for postponement of elections
-- [2 hours ago]
India supports Sri Lanka PM's vision to create a stable and prosperous country
-- [3 hours ago]
CID seeks advice of AG on former PC member's threat against FCID officers
Program launched to assist adopted children to find their Sri Lankan parents
Party leaders meeting tomorrow regarding the postponement of Local Government election
Foreign investment in the Sri Lanka Stock Market hits an all-time high in 2017
SLBFE pays Rs. 51 million this year as compensation to migrant workers
Colombian delegation visits Sri Lanka to study reconciliation initiatives

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.