A US$300mil (RM1.2bil) investment by Malaysian-owned Dialog Axiata Plc in Sri Lanka which has been delayed due to a licensing issue is to be settled soon, Malaysian Prime Minister Datuk Seri Najib Tun Razak told Malaysian media.
Datuk Seri Najib Tun Razak told the Star Online a mechanism to resolve the issue has been suggested by President Maithripala Sirisena.
“He (Sirisena) has suggested that we create a mechanism whereby Sri Lanka will appoint two representatives, while we appoint another two. The representatives will be tasked to resolve the matter as soon as possible.
“I see this as a positive development, that there is light at the end of the tunnel,” the Prime Minister told Malaysian media after meeting Sirisena on Monday.
Najib arrived in Colombo on Sunday (Dec 17) for his first official visit to Sri Lanka, and held a four-eyed meeting with Sirisena followed by a delegation meeting between both countries on Monday.
It is understood that the renewal application for the company’s service licence in Sri Lanka has been pending for 30 months since May 2015.
Dialog Axiata Plc is a subsidiary of Axiata Group Berhad.
“Hopefully, this matter can be settled not too long from now because Dialog Axiata has the capability to increase their investments in Sri Lanka,” said Najib.
You can share this post!
Content
Public Security Minister Ananda Wijepala told Parliament today that the suspect in the rape of a lady doctor at the Anuradhapura teaching hospital has been identified as an army deserter and he will be apprehended shortly.
Police have arrested the suspect connected to the sexual assault on a female doctor at the Anuradhapura Teaching Hospital today morning in Galnewa.
The Dutch Public Prosecutor suspects two companies of paying bribes in the construction of hospitals in Sri Lanka, according to an investigation by FD, the Dutch financial newspaper.
The Government today tabled in the House the Report of the Commission to Inquiry into the Establishment and Maintenance of Unlawful Places of Detention and Torture Chambers in the Batalanda Housing Scheme.
The Minister of Power, Kumara Jayakody, stated that in the future, internationally funded projects, such as power projects, will only be carried out through government-to-government (G2G) agreements and competitive procurement.
Former President Ranil Wickremesinghe said today he wholly rejects the Batalanda Commission report and that it was appointed wholly with the intention slinging political mud at him.
Leave Comments