The 'Palmyrah Fund' intended to provide funding for the development of the North and the East, was established under the auspicies of the Prime Minister at Temple Trees today (May 27).
According to the Prime Minister's Office, the fund is expected to contribute towards expediting the development of areas in the Northern and Eastern Provinces which were affected by the war.
The fund is expected to disburse Rs 5 billion within two years for the construction of roads, bridges, drainage systems, and even anchorages across these areas, the Prime Minister's office said.
In addition, the necessary infrastructure concerning the Agriculture, and Industrial sectors is also to be developed via the Palmyrah Fund
Finance Minister Mangala Samaraweera, Tamil National Alliance parliamentarian R. Sampanthan, and MP D. Siddharthan were among those preset at today's event.
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
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