When former president Ranil Wickremesinghe assumed office in July 2022, he set up a new ministry called, “Investment Promotion” and appointed himself as “Minister” and Dilum Amunugama as State Minister. Colossal waste of money was spent on ministry staff, overseas travel, entertainment, et al. This ministry is mandated to promote investment which is already been done by Board of Investment of Sri Lanka. Cannot comprehend why Wickremesinghe started this new ministry when he was merely a ‘stand-in president’ for a short period of 2-years. However, the new government of President Anura Kumara Dissanayake should scrap the Ministry of Investment Promotion entirely and let BOI manage investment promotion – as it has done since the early 80s.