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Party leaders’ meeting ends on positive note

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Trump Tariff Turmoil

Yesterday’s discussion party leaders’ had with President Anura Kumara Dissanayake  on the new US tariff policy and its impact on Sri Lanka’s economy, ended with their agreement to have another round of talks and consider the recommendations made by a committee appointed by the President.

The meeting convened by President Dissanayake was held at the Presidential Secretariat to discuss ways and means of mitigating the impact of the new US tariff regime on Sri Lanka. President Donald Trump has suspended his new tariffs for three months.

President Dissanayake called the meeting following a request from a group of opposition MPs who emphasised the need for a discussion on the matter.

During the meeting, the President briefed the party leaders on the findings of the committee appointed to study the impact of the new US tariff policy and the measures taken by the government so far. Extensive discussions were held on the committee’s recommendations and the proposals presented by the opposition parties.

The meeting also addressed strategies for diversifying export destinations and formulating proposals for discussions with the US government.

The party leaders agreed to consider the committee’s recommendations and the opposition’s proposals at further discussions.

Among those who attended yesterday’s meeting were Opposition Leader Sajith Premadasa, MPs Harsha de Silva, S. Rasamanickam, Ravi Karunanayake, D.V. Chanaka, Mano Ganesan, Palani Digambaram, M.L.A.M. Hizbullah, Rishad Bathiudeen, Dilith Jayaweera, Jeevan Thondaman, Dayasiri Jayasekara, and A. Archuna.

MPs Gayantha Karunatileka, Kavinda Jayawardena, S. M. Marikkar, and Kader Masthan also participated in the discussions.



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State Mortgage and Investment Bank Law No. 13 of 1975 to be amended

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The Cabinet of Ministers approved the resolution furnished by the President in his capacity as the Minister of Finance, Planning and Economic Development to instruct the Legal Draftsman to prepare a draft bill to amend the State Mortgage and Investment Bank Law No. 13 of 1975

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Animals Act No. 29 of 1958 amended

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By Cabinet decision dated 2025-12-01, policy approval was granted to amend the definition of the term “animal” in the Animals Act No. 29 of 1958 by including, pigs, goats, and sheep, in addition to cattle and buffaloes, within the interpretation section of the act.

In accordance with the said approval, the Legal Draftsman has drafted an Amended Bill in all three languages, and the clearance of the Attorney General has also been obtained.

Accordingly, the Cabinet of Ministers has approved the
resolution furnished by the Minister of Agriculture, Livestock, Land and Irrigation to publish the draft Amendment Bill in the Government Gazette and thereafter to submit the same to the Parliament for its concurrence.

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Cabinet approves establishment of a ‘Trust’ to carry out the management of the Jaffna Thiruvalluvar Cultural Centre

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The Jaffna Thiruvalluvar Cultural Centre, comprising 11 floors, has been constructed with the assistance of the Government of India with the objective of serving as a hub for cultural activities in Sri Lanka and expanding bilateral cooperation for the promotion, preservation, and fostering  the cultural heritage of Jaffna.

In accordance with the approval granted at the Cabinet meeting held on 2022-02-21, a Joint Management Committee has been appointed to make decisions relating to the affairs of the said cultural centre, in terms of the Memorandum of Understanding signed for the operation of the Jaffna Thiruvalluvar Cultural Centre.

According to the provisions of the aforementioned MOU, upon completion of the construction of the project, the cultural centre should be transferred to the Jaffna Municipal Council through the Government of Sri Lanka.

Following such transfer, the relevant parties have reached an agreement to establish a ‘trust’ for carrying out the management activities of the centre. The Attorney General’s clearance has been received for the draft trust deed prepared for that purpose.

Accordingly, the Cabinet of Ministers has approved the resolution furnished by the Minister of Buddhasasana, Religious and Cultural Affairs to establish the trust to continue the management activities of the Jaffna Thiruvalluvar Cultural Centre

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