News
Ambassador Julie wants more reforms here
US Ambassador Julie Chung says much more needs to be done in Sri Lanka to strenghten good governance and anti-corruption initiatives to achieve economic recovery.
“The job isn’t over yet. More needs to be done to improve good governance and anti-corruption efforts, and these improvements will help to create new opportunities for both Sri Lankan and American businesses, help the country recover from this crisis, and boost economic growth,” she said speaking at the AmCham Ball in Colombo.
She went on to say that the United States, and AmCham, believed that a vibrant and prosperous economy was built by including and drawing on the diverse skills of all members of society, adding that they have done their part to help empower the aspiring businesswomen of Sri Lanka. Guaranteeing equal opportunities to women in the workforce is not only a social justice issue, but also an economic one. Research has shown that when more women participate in the labour force, economies grow faster and are more resilient to shocks.
This is because women bring new perspectives and skills to the table that lead to innovation and new opportunities.
I have travelled all throughout Sri Lanka, meeting such inspiring women who work hard to overcome the challenges to maintain and improve their livelihoods. Whether its young women, starting a tech company at Yarl IT Hub (in Jaffna), or mothers working rice paddies in the Northcentral Province, to feed their families, and fellow Sri Lankans.
Despite the current challenges and brain drain concerns, many are determined to stay here and help build up their country. They have not given up. It’s in this spirit of resilience and optimism that I am so grateful to AmCham for its efforts to ensure economic opportunities exist for all Sri Lankans.
News
22A, Judicature Amendment Bills passed with 2/3 majority
Parliament yesterday passed the Twenty-Second Amendment to the Constitution Bill and the Judicature (Amendment) Bill with two-thirds majorities, with 158 MPs voting in favour and 63 against each Bill.
The Illankai Tamil Arasu Kadchi (ITAK) and Sri Lanka Muslim Congress (SLMC) voted with the SJB against the Bills.
NDF MPs Ravi Karunanayake and Faizer Musthapha and SJB Badulla District MP Nayana Wasalathilaka were not present when the votes were taken.
The final vote on the Judicature (Amendment) Bill was announced at around 8.08 p.m. after Opposition MPs called for divisions on its clauses during the Committee Stage.
The votes followed a two-day debate which commenced on Thursday (24), after Justice and National Integration Minister Harshana Nanayakkara presented the Bills for their Second Reading.
The Supreme Court’s determination on the Bills was presented to Parliament on Tuesday (22) by Speaker Dr Jagath Wickramaratne. The Court determined that the 22nd Amendment Bill did not require approval at a referendum and could be passed by a special two-thirds majority in Parliament.
The amendment provides for raising the mandatory retirement age of Supreme Court judges from 65 to 67 and that of Court of Appeal judges from 63 to 65. It also provides for the Chief Justice to retire at 67 or after completing six years in office, whichever comes earlier.
The Speaker informed Parliament that the Judicature (Amendment) Bill could be passed by a simple majority.
The SJB opposed the legislation and its MPs attended Parliament dressed in black yesterday. The party also staged a protest at Polduwa Junction, Battaramulla, under the theme “No to 22, which destroys democracy”, with Opposition Leader Sajith Premadasa and several SJB politicians participating.
News
TIN mandatory for key transactions from Nov. 1
A valid Taxpayer Identification Number (TIN) Certificate will be required for a range of key transactions in Sri Lanka from November 1, 2026, the Inland Revenue Department (IRD) has announced.
The requirement, introduced under the Inland Revenue (Amendment) Act, No. 11 of 2026, applies to transactions specified under Section 102(3) of the Inland Revenue Act.
Accordingly, individuals will be required to produce a valid TIN Certificate when opening an account at a bank or financial institution, obtaining approval for a building plan, registering or renewing the licence of a motor vehicle, registering land or title to land, registering a business, transferring shares in a company incorporated in Sri Lanka or obtaining a credit card.
In the case of share transfers, both the transferor and transferee will be required to provide TIN certificates.
The IRD said officials handling such transactions had been instructed to ensure that a valid TIN Certificate was submitted before processing or completing the relevant transaction.
The Department advised those who do not already have a TIN to obtain one in advance through its e-Services platform.
It said a printout of the TIN verification result showing the applicant’s National Identity Card number and TIN could also be accepted instead of the certificate.The IRD also reiterated that obtaining a TIN is mandatory for resident individuals aged 18 and above under the applicable provisions.
News
Navy brings 25 Indonesian fishermen ashore after trawler capsizes
By Norman Palihawadane
The Sri Lanka Navy brought 25 Indonesian fishermen safely ashore at the Colombo Port on Thursday (24), following a multi-agency rescue operation after their fishing trawler capsized south of Sri Lanka.
The fishermen were aboard the Indonesian-flagged fishing trawler KM Garuda Jaya VI, which capsized on September 22 while in the Australian Search and Rescue Region, leaving the crew in distress at sea.
The merchant vessel MV Moonstone responded to the distress situation and rescued all 25 fishermen from the sea. The vessel subsequently alerted the Maritime Rescue Coordination Centre (MRCC) Colombo about the incident and the rescued crew.
Following the distress alert, the Navy coordinated with MRCC Colombo and deployed two naval craft to bring the survivors safely to shore, with the assistance of relevant authorities.
The 25 fishermen were transferred to the Colombo Port, where they were provided with humanitarian assistance by the Navy.They were subsequently handed over to the Indonesian Embassy in Sri Lanka for further arrangements and onward action.
-
News6 days agoNamal Rajapaksa Buddhist gambit fails, bail denied
-
Features6 days agoWhy the spelling Sri Lankan names in English vary
-
Features6 days agoThree bands, a new identity: Sri Lankan wolf snake recognised as distinct species
-
Business6 days agoSLIIT holds largest-ever convocation
-
News6 days agoVehicle prices drop by up to Rs. 1 mn, says importers’ body
-
News6 days agoGovt monitors reported Saudi death sentence – Foreign Ministry
-
Business6 days agoAll-new Bolero MaXX Pik-Up unveiled in Lanka
-
Business6 days agoLanka’s famed beach shack battles demolition
