SLPP National List MP Jayantha Ketagoda has resigned from his parliamentary seat to make way for former minister Basil Rajapaksa to enter parliament.

Rajapaksa is expected to be sworn in as a national list MP soon.

He is also likely to be appointed the Minister of Economic Development and Finance - a responsibility he held during the period between 2010-2015.

Ketagoda is staunch loyalist of Basil Rajapaksa. It is not yet clear what his new appointment would be.