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BOI hangs in balance till Budget

The Board of Investment (BOI), Sri Lanka’s premier investment promotion agency is in a state of limbo after officials were instructed not to proceed with new investment project proposals in eight sectors until the presentation of the budget on November 22, highly-placed government sources said.

 
Billboards to come under Defence Ministry

Billboards have been mismanaged because the CMC has not been functioning, according to Colombo Municipal Council (CMC) commissioner Badrani Jayawardena. She said a committee comprising members of the CMC, the Defence Ministry and the Urban Development Authority (UDA) will be jointly overseeing the approval and placement of billboards and cut-outs.

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