News
A new law to transform the Port City to ‘Colombo Financial Zone’ – President
President Ranil Wickremesinghe, in his address at the 2023 Commercial Mediation Symposium at Colombo’s Hilton Hotel, emphasized the need for a cultural shift towards efficient dispute resolution in Sri Lanka. He acknowledged the long-standing reliance on trial courts and stressed the importance of embracing alternate dispute resolution methods.
Highlighting the government’s commitment, he mentioned the establishment of the Alternate Dispute Resolution Center in 2018 and expressed support for its continued growth. President Wickremesinghe urged the Ministry of Justice and Ministry of Investments to collaborate on supporting these initiatives.
“Alternate dispute resolution, arbitration, both have a long way to travel in Sri Lanka and that’s our problem. We have to first find ways of how we can adjust to this process. You need a change of culture. Change of culture where disputes can be resolved in the shortest possible time. Which means we are in a way wedded to the old concept of the trial court? Whether we have a domestic inquiry, we all want to follow the same procedure. I don’t know why. But nevertheless, this is one of the challenges that we have to face.”
He emphasized that success in dispute resolution was crucial for Sri Lanka’s aspirations to be an outward-looking economy. The President mentioned forthcoming legislation to transform the Port City as the Colombo financial zone and the transition from the BOI to the Economic Commission, both aimed at resolving disputes efficiently.
Latest News
Landslide early warnings issued to the Districts of Colombo, Gampaha, Kalutara, Kegalle, Nuwara Eliya and Ratnapura
The National Building Research Institute [NBRI] has issued Landslide Early Warnings to the Districts of Colombo, Gampaha, Kalutara, Kegalle, Nuwara Eliya and Ratnapura valid upto 0900 AM on 23rd May 2026.
Accordingly,
LEVEL I [RED] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Deraniyagala, Ruwanwella and Dehiowita in the Kegalle district and Ratnapura, Ayagama, Kuruwita and Eheliyagoda in the Ratnapura district.
LEVEL II [AMBER] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Seethawaka and Padukka in the Colombo district, Attanagalla in the Gampaha district, Horana, Bulathsinhala, Ingiriya and Palindanuwara in the Kalutara district, Yatiyanthota in the Kegalle district and Pelmadulla, Kiriella, Elapatha, Kalawana and Nivithigala in the Rathnapura district.
LEVEL I [YELLOW] landslide early warnings have been issued to the Divisional Secretaries Divisions and surrounding areas of Mirigama and Divulapitiya in the Gampaha district, Agalawatta and Mathugama in the Kalutara district, Bulathkohupitiya in the Kegalle district and Ambagamuwa in the Nuwara Eliya district.
Latest News
Minor flood situation likely to occur within the next few hours in the low-lying floodplain areas of the Kalu River
Based on the heavy rainfall currently being received in the Kalu River Basin and the analysis of water level data recorded at hydrological gauging stations maintained by the Irrigation Department within the Kalu River Basin, it is hereby warned that a Minor Flood Situation is likely to occur within the next
few hours in the low-lying floodplain areas of the Kalu River.
The affected areas include the Divisional Secretariat Divisions of Ratnapura, Kuruwita, Ayagama, Elapatha, Kiriella in Ratnapura District.
The public residing in these areas, as well as motorists and passengers travelling through the affected regions, are strongly requested to act with utmost vigilance and to take all necessary
precautions. Disaster Management Authorities are requested to take necessary actions in this regard.
A considerable rainfall has occurred in the catchment areas of the Aththanagalu Oya Basin as atb5.00 AM today (22).
By analyzing the current rainfall situation and river water levels of Hydrological Stations on the Aththanagalu Oya, there is a possibility of a flood situation occuring in some low lying
areas of the Aththanagalu Oya and Uruwal Oya valleys situated in Diwulapitiya, Mirigama, Attanagalla, Mahara, Gampaha, Minuwangoda, Ja-ela, Katana and Wattala Div8sional Secretaries Divisions within next 48 hours.
Owing to this situation, there is a possibility of some of the roads running through these lowlying areas being inundated at some places.
The public residing in these areas, as well as motorists traveling through these regions, are requested to exercise extreme caution regarding this situation.
Tennessee execution called off after failed lethal injection
Landslide early warnings issued to the Districts of Colombo, Gampaha, Kalutara, Kegalle, Nuwara Eliya and Ratnapura
Minor flood situation likely to occur within the next few hours in the low-lying floodplain areas of the Kalu River
Flood warning issued to low lying areas of the Aththanagalu Oya and Uruwal Oya valleys
Flood warning issued to low lying areas of the Kelani River valley
Landslide early warnings issued to the Districts of Gampaha, Kalutara and Ratnapura
‘Dates have the highest sugar content to fight Coronavirus’
Sunday Island 27 December – Headlines
#SundayIsland 17th December – Headlines
Sunday Island – 28th March
Sunday Island Headlines – 21 March
Sunday Island – 21st February – Headlines
-
Features5 days agoSri Lankan Airlines Airbus Scandal and the Death of Kapila Chandrasena and my Brother Rajeewa
-
News6 days agoLanka’s eligibility to draw next IMF tranche of USD 700 mn hinges on ‘restoration of cost-recovery pricing for electricity and fuel’
-
News5 days agoKapila Chandrasena case: GN phone records under court scrutiny
-
News5 days agoRupee slide rekindles 2022 crisis fears as inflation risks mount
-
Features2 days agoOctopus, Leech, and Snake: How Sri Lanka’s banks feast while the nation starves
-
Business5 days agoExpansion of PayPal services in Sri Lanka officially announced
-
News1 day agoSteps underway to safeguard Sri Lanka’s maritime heritage
-
News5 days agoCourt orders further arrests in alleged USD 42 Mn NDB fraud case