News
Fostering a knowledge-empowered youth generation is imperative to meet future challenges -President
President Ranil Wickremesinghe emphasized the need to cultivate a generation of youth equipped with the knowledge and training necessary to meet future challenges. He also highlighted that an economic program aimed at generating substantial income for the youth of the country is currently being implemented.
President Wickremesinghe shared these thoughts during a meeting with members of the National Youth Corps (NYC) at the Presidential Secretariat on Wednesday (12).
President Ranil Wickremesinghe further stated,
“It has been 22 years since the Youth Corps was established. It was originally designed to align with the economic and social system of that era.
However, the Youth Corps must evolve with the times. To ensure a prosperous future for our youth, we must also focus on improving their income opportunities. Necessary steps should be taken to adapt and transform the Youth Corps accordingly.
Young people prefer jobs with high income potential, so we must develop plans to create such opportunities. The Economic Transformation Law has been introduced in Parliament to address this. By 2027, this law aims to reduce unemployment, and by 2035, it will establish several high-income employment sectors, paving the way for a developed state by 2048.
The youth corps students here today will not even be 50 years old in 2048, and we need to implement programs to create a new economy for their future. We should look to the development models of countries like Vietnam, Thailand, and Malaysia, which are based on export economies. Therefore, our focus should be on building an export-based economy.
Additionally, we should concentrate on areas that can be developed rapidly. An urgent program should be implemented to advance sectors such as tourism, agriculture, and information technology. It is essential to direct the youth corps students toward these areas.
We must establish a green society and a green economy to prepare a young generation equipped with the knowledge and training to meet future challenges. By providing professional training, we can elevate the country’s economy to a new level and create a skilled youth workforce.”
[PMD]
The Ministry of Industries and Entrepreneurship Development has recommended the establishment of Sri Lankan Standards, i.e. the import testing methodology for imported tires used for passenger cars and pneumatic tires for three-wheelers with the aim of ensuring a fair competitive environment for local
manufactures and ensuring consumer safety and security.
Taking into the said recommendations, “Import and Export (control regulations N0.08 of the 2026)” has been enacted to amend the existing regulations by means of the Extraordinary Gazette Notification No. 2508/27 dated 2026-10-01, prescribing Sri Lanka standard 1212 for the import of passenger types (HS Code 4011.10.90) and Sri Lanka standard 1347 for the import of
pneumatic tires for three – wheeled vehicles (HS Code 4011.90.10).
Accordingly, the Cabinet of Ministers has approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning, and Economic Development to submit the aforementioned regulations to Parliament for approval.
Approval of the Cabinet of Ministers was granted at their meeting held on 02.06.2025 to introduce a new act to promote and providing legal provisions for facilitating the Public Private Joint Enterprises within Sri Lanka as well as the establishment of the National Agency for Public Private Partnership Joint Enterprises.
Accordingly, the Legal Draftsman has formulated the relevant draft bill and the Attorney General has given his clearance to the said draft bill.
The Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to publish the said
draft bill in the government gazette notification and thereby submit it to the Parliament for its concurrence.
Regulation, development and control of indigenous medical sector in Sri Lanka comprised of Ayurvedha, Sidhdha, Unani, Local Therapies are carried out under the provisions of Ayurvedha Act No. 31 of 1961.
Although amendments were made to the act from time to time as per the requirements, the necessity of further amending the Ayurvedha Act has been identified to enable efficiently maintaining all activities of local medical field productively, further formalizing the regulation of the sector, taking actions to providing licenses applicable to export of local medicines, and achieving the progress and sustainable development goals in the local medical sector.
Based on the said factors, the Cabinet of Ministers granted approval to the resolution furnished by the Minister of Health and Mass Media to direct the Legal Draftsman to formulate a draft bill to amend the Ayurvedha Act No. 31 of 1961.
Import and Export (Control) Regulations No. 08 of 2026
Draft Bill of the Public Private Partnership Enterprises Act to be gazzetted
Amendment of the Ayurvedha Act No. 31 of 1961
Cabinet nod to amend the Sri Lanka Development Administration Institute Act No. 9 of 1982
Establishment of the National Higher Performance Centre
State patronage for the cremation ceremony of the late deputy prelate (Anu Nayaka Thero) of the Sri Laka Ramangya Maha Nikaya, Gatambe Rajopawanramadhipatha, Siri Chandawimala Wanshalankara, Chandrakeerthi Sri Amarawansha, Sadhdharmawageeshwara, Shasanashobhanna Most Venerable Keppetiyagoda Siriwimalabhidhana Thero
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