BR100 Decreased By (-1.5%)
BR30 Decreased By (-2.07%)
KSE100 Decreased By (-1.21%)
KSE30 Decreased By (-1.53%)
AGHA 6.40 Decreased By ▼ -0.10 (-1.54%)
BECO 4.08 Decreased By ▼ -0.06 (-1.45%)
BML 57.87 Decreased By ▼ -0.75 (-1.28%)
BOP 27.92 Decreased By ▼ -0.31 (-1.1%)
CNERGY 12.35 Decreased By ▼ -0.17 (-1.36%)
CSIL 5.02 Decreased By ▼ -0.33 (-6.17%)
FCCL 50.02 Decreased By ▼ -1.28 (-2.5%)
FFL 13.63 Decreased By ▼ -0.31 (-2.22%)
FNEL 1.08 Decreased By ▼ -0.01 (-0.92%)
KEL 5.63 Decreased By ▼ -0.10 (-1.75%)
KOSM 5.10 Decreased By ▼ -0.21 (-3.95%)
LOTCHEM 23.93 Decreased By ▼ -0.23 (-0.95%)
MLCF 87.54 Decreased By ▼ -2.31 (-2.57%)
NBP 153.33 Decreased By ▼ -3.72 (-2.37%)
NCPL 49.05 Decreased By ▼ -2.45 (-4.76%)
NPL 54.54 Decreased By ▼ -2.34 (-4.11%)
OGDC 300.50 Decreased By ▼ -2.55 (-0.84%)
PACE 9.29 Decreased By ▼ -0.03 (-0.32%)
PAEL 32.77 Decreased By ▼ -0.30 (-0.91%)
PIBTL 12.86 Decreased By ▼ -0.24 (-1.83%)
PPL 214.20 Decreased By ▼ -2.47 (-1.14%)
PRL 95.12 Decreased By ▼ -4.76 (-4.77%)
PTC 47.07 Decreased By ▼ -5.18 (-9.91%)
SSGC 22.55 Decreased By ▼ -0.66 (-2.84%)
TBL 8.79 Decreased By ▼ -0.17 (-1.9%)
TELE 6.74 Decreased By ▼ -0.24 (-3.44%)
TPL 20.49 Decreased By ▼ -1.69 (-7.62%)
TPLP 11.28 Decreased By ▼ -0.13 (-1.14%)
TREET 22.75 Decreased By ▼ -0.52 (-2.23%)
TRG 54.73 Decreased By ▼ -2.10 (-3.7%)
By

COLOMBO: Cash-strapped Sri Lanka’s president Friday appointed the island’s biggest casino operator Dhammika Perera as Investment minister with responsibility over a Chinese-funded tax-free enclave in the impoverished South Asian nation.

The 54-year-old businessman known as Sri Lanka’s “Casino King” was sworn in by President Gotabaya Rajapaksa at his sea-front residence to attract foreign capital into the country, his office said.

Perera replaced Rajapaksa’s youngest brother Basil who resigned from parliament two weeks ago as the ruling clan came under intense pressure to step down over economic mismanagement.

The president has refused to step down and instead appointed opposition legislator Ranil Wickremesinghe as the new prime minister last month to salvage the economy.

The president’s office said Perera’s investment ministry will have responsibilities over the $1.4 billion “Port City” land reclamation project which has been turned into a tax-free enclave in Colombo.

Comments

Comments are closed for this article.