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CoPF finds fault with Finance Ministry, AG for missed deadlines

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“Proposed ‘Gambling Regulatory Authority’ law inadequate”

The Committee on Public Finance (CoPF) has said the proposed Gambling Regulatory Authority (GRA) law will not be adequate to meet the challenging task of overseeing the thriving casino industry.In spite of discussions held since Nov., 2022 when the CoPF formally called for the establishment of dedicated GRA, the relevant stakeholders hadn’t been able to reach a consensus, political sources told The Island.

When The Island sought a clarification from CoPF Chairman and SJB MP Dr. Harsha de Silva yesterday (10), he emphasised that the parliamentary committee on several occasions had urged the previous government (Wickremesinghe-Rajapaksa arrangement) and the incumbent National People’s Power (NPP) government to secure expert advice from jurisdictions that run well-regulated casinos, like Singapore, they weren’t interested.

The CoPF Chairman said that the issue at hand had attracted fresh attention in the wake of the opening of the country’s first integrated resort City of Dreams, an 800-room hotel that housed what the operators called a world class gaming area with license to operate for 20 years.

John Keells Holdings (JKH) has teamed up with Melco Resorts & Entertainment Limited (“Melco”) developer, owner and operator of integrated resort facilities in Asia and Europe. President Anura Kumara Dissanayake opened the facility on August 2 that received approval from the Finance Ministry during Ranil Wickremesinghe’s tenure as the President and Finance Minister. NPP and JVP leader Dissanayake currently holds the Finance portfolio.

The CoPF relentlessly pushed the Finance Ministry to finance the process by September 2023 and then by March 31, 2024.

The Wickremesinghe-Rajapaksa government granted approval for the JKH-Melco project though CoPF on Nov 24, 2022 declared that no new licenses would be issued until the formulation of GRA. Sources said that this announcement was made when CoPF considered two extraordinary gazette notifications on casinos but weren’t approved.

Sources alleged that the Finance Ministry pathetically failed to adhere to decisions taken by CoPF to ensure the speedy finalisation of the process to ensure the setting up of GRA in line with international standards. However, for want of the required commitment of the Finance Ministry, the CoPF couldn’t achieve what it wanted to.

CoPF has expressed serious concern over the issuance of what it called an unduly long 20-year casinos license to JKH-Melco operation.

At the moment, the lucrative casino industry here operates under an outdated and fragmented legal and

regulatory framework, primarily governed by: (i) Casino Business (Regulation) Act, No. 17 of 2010 and (ii) Betting and Gaming Levy Act, No. 40 of 1988.

Regardless of the enactment of the 2010 legislation, the corresponding regulations for licensing and designated operational areas hadn’t been issued for over a decade, those who represented CoPF have pointed out.

Bally’s, Bellagio, Casino Marina, and Stardust currently operate under provisional registrations, all of whom registered within a five-month window in 2013, sources said. According to sources regardless of promises to increase revenue by taxing casinos, Sri Lanka lacked the required tools to monitor the industry’s financial operations, including online platforms.

According to the CoPF and Finance Ministry, there had been undue delays on the part of the Attorney General in examining the GRA Bill. Sources pointed out that the AG’s Department had taken as many as 15 months to review the Bill and all stakeholders needed to discuss ways and means of avoiding such delays in finalising critically important Bills.

by Shamindra Ferdinando ✍️



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“We Are Building a Stable, Transparent and Resilient Sri Lanka Ready for Sustainable Investment Partnerships” – PM

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Prime Minister Dr. Harini Amarasuriya addressed members of the Chief Executives Organization (CEO) during a session held on Thursday [3 February 2026] at the Shangri-La Hotel, Colombo, as part of CEO’s Pearl of the Indian Ocean: Sri Lanka programme.

The Chief Executives Organization is a global network of business leaders representing diverse industries across more than 60 countries. The visiting delegation comprised leading entrepreneurs and executives exploring Sri Lanka’s economic prospects, investment climate, and development trajectory.

Addressing the gathering, the Prime Minister emphasized that Sri Lanka’s reform agenda is anchored in structural transformation, transparency, and inclusive growth.

“We are committed not only to ensuring equitable access to education, but equitable access to quality education. Our reforms are designed to create flexible pathways for young people beyond general education and to build a skilled and adaptable workforce for the future.”

She highlighted that the Government is undertaking a fundamental pedagogical shift towards a more student-focused, less examination-driven system as part of a broader national transformation.

Reflecting on Sri Lanka’s recent political transition, the Prime Minister stated:

“The people gave us a mandate to restore accountability, strengthen democratic governance, and ensure that opportunity is not determined by patronage or privilege, but by fairness and merit. Sri Lanka is stabilizing. We have recorded positive growth, restored confidence in key sectors, and are committed to sustaining this momentum. But our objective is not short-term recovery it is long-term resilience.”

Addressing governance reforms aimed at improving the investment climate, she said:

“We are aligning our legislative and regulatory frameworks with international standards to provide predictability, investor protection, and institutional transparency. Sustainable investment requires trust, and trust requires reform.”

Turning to the recent impact of Cyclone Ditwa, which affected all 25 districts of the country, the Prime Minister underscored the urgency of climate resilience.

“Climate change is not a distant threat. It is a lived reality for our people. We are rebuilding not simply to recover, but to build resilience, strengthen disaster mitigation systems, and protect vulnerable communities.”

Inviting CEO members to consider Sri Lanka as a strategic partner in the Indo-Pacific region, she highlighted opportunities in value-added mineral exports, logistics and shipping, agro-processing, renewable energy, pharmaceuticals, and innovation-driven sectors.

“We are not looking for speculative gains. We are seeking long-term partners who share our commitment to transparency, sustainability, and inclusive development.”

She further emphasized collaboration in education, research, vocational training, and innovation as essential pillars for sustained economic growth.

Concluding her address, the Prime Minister expressed appreciation to the Chief Executives Organization for selecting Sri Lanka as part of its 2026 programme and reaffirmed the Government’s readiness to engage constructively with responsible global investors.

The event was attended by the Governor of the Western Province,  Hanif Yusoof, and other distinguished guests.

[Prime Minister’s Media Division]

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Prez AKD congratulates BNP’s Tarique Rahman on B’desh election win

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President Anura Kumara Dissanayake has extended his congratulations to the Bangladesh Nationalist Party (BNP) and its leader, Tarique Rahman, following their landslide victory in Bangladesh’s parliamentary elections.

“Best wishes to the people of Bangladesh for reaffirming their faith in democracy, and congratulations to Mr. Tarique Rahman on leading the BNP in these elections. The results reflect the trust placed in him. I look forward to strengthening ties between our two nations,” President Dissanayake said, in a post on ‘X’.

The Bangladesh Nationalist Party won a landslide parliamentary election on Friday, securing a resounding mandate in a pivotal vote that is expected to restore political stability in the South Asian nation.

The parliamentary election held on Thursday was Bangladesh’s first vote since the 2024 Gen Z-driven uprising that toppled long-time premier Sheikh Hasina.

Opinion polls had given BNP an edge, and the party lived up to the forecasts, with the coalition it dominates winning 209 seats to secure an overwhelming two-thirds majority in the 300-member Jatiya Sangsad, or House of the Nation, Jamuna TV showed.

Soon after it won a majority in the overnight vote-count, the party thanked and congratulated the people and called for special prayers on Friday for the welfare of the country and its people.

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Massive Sangha confab to address alleged injustices against monks

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A major Sangha conference will be held on February 20 at 2 PM at the All Ceylon Buddhist Congress (ACBC) Headquarters in Colombo, bringing together both monastic and lay communities to discuss concerns over alleged injustices against Buddhist monks, the Buddha Sasana, and the nation.

Speaking at a press conference in Colombo on Thursday (12), Roshan Maddumage, Deputy Chairman of the ACBC, said the primary aim of the conference is to highlight misconduct and draw government attention to these matters.

ACBC Chairman Chandra Nimal Wakishta emphasized that the country’s legal system appears to operate inconsistently. He noted that while police officers involved in the assault of a Catholic priest were prosecuted and jailed, no investigation has been conducted into police officers accused of assaulting Buddhist monks in Trincomalee.

Wakishta stressed that the Sinhala Buddhist community has historically not engaged in violence or promoted hatred. He added that the Maha Sangha play a central role in guiding and protecting the country and the state, and that harassment or attacks on monks indirectly harm the nation as a whole.

He explained that the decision to convene the Sangha conference stems from the urgency of addressing these serious concerns, with the event expected to serve as a platform for dialogue between the clergy, lay followers, and government representatives.

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