News
JKH finalizing arrangements with casino operators to let space in Cinnamon Life
John Keells Holding, among the top listed conglomerates in the country, Friday released its second quarter results for the current financial year saying that the regulations under the casino law now in place has enabled it to proceed with finalizing arrangements with prospective gaming operators to operate their landmark Cinnamon Life project now approaching completion.
This project is among the single largest individual private sector projects in the country. JKH has made clear that the group will not themselves enter the gaming business but would rent space in Cinnamon Life to other operators.A JKH news release said in this connection:
“In August 2022, the Government gazetted regulations under the Casino Business (Regulation) Act of 2010 to formalise the process of issuing of licences and monitoring of operations for casinos in Sri Lanka. With the regularising of Gaming, the Group will proceed with finalising arrangements with prospective gaming operators to operate at ‘Cinnamon Life’. Similar to the experience with Integrated Resorts in other Asian countries, ‘Cinnamon Life’ has the potential to transform Colombo as a destination for leisure and entertainment and lead to significant foreign exchange earnings for the country.”

News
Import and Export (Control) Regulations No. 08 of 2026
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.
News
Draft Bill of the Public Private Partnership Enterprises Act to be gazzetted
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.
News
Amendment of the Ayurvedha Act No. 31 of 1961
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.
-
Features3 days agoKotahena:A Small Enclave, An Extraordinary Legacy
-
News7 days agoSri Lanka, India caught in US-Iran ship crisis
-
News4 days agoAsgiri Mahanayake calls for immediate release of Gnanasara Thera
-
Latest News7 days agoMissiles intercepted near Riyadh after Saudi coalition hits Yemen fuel depot
-
Latest News7 days agoKusal Mendis’ unbeaten 87 hands Sri Lanka consolation win
-
News3 days agoRecord 1,600 students take Russian Classical Ballet examination in Sri Lanka
-
News6 days agoAC President recuses himself from hearing prison attire case pertaining to Gnanasara Thera
-
News5 days agoNaval officer testifies Yoshitha received Rs. 5.15 mn in salaries during SLN service
