President Gotabaya Rajapaksa has issued a Gazette Extraordinary bringing the Rakna Arakshaka Lanka Limited (RALL) and two other institutions under the purview of the Ministry of Investment Promotion.
Newly appointed SLPP MP Dhammika Perera is the Minister of Investment Promotion.
Accordingly, Selendiva Investments Limited and Hotel Developers (Lanka) Pvt Limited are the two other institutions brought under the Ministry of Investment Promotion.
Previously, Rakna Arakshaka Lanka was under the purview of the Ministry of Defence. Selendiva Investments Ltd. and Hotel Developers (Lanka) Pvt Ltd. were under the Ministry of Urban Development and Housing.