It has been recognized that the state enterprises should be re – structured and maintained with proper administration with the assistance of local or foreign investments without being a continuous burden to the General Treasury and the country’s economy. Therefore, it is the policy of the new government to introduce an efficient and accountable mechanism in the regard. An initial draft named “State Commercial Enterprises Management Draft Bill” has been already prepared to introduce a new legal framework required for maintaining after performing necessary restructuring and with proper management of government owned business companies. Thereon, it will be possible to totally free the state entrepreneurship establishments from political influences and appoint professionals with proficiency for its board of directors.

Accordingly, the Cabinet of Ministers approved the proposal furnished by the President in his capacity as the Minister of Finance, Plan Implementation and Economic Development to grant policy approval of the Cabinet of Ministers for the said initial draft and appoint a special committee with the following composition to submit appropriate proposals for further enhancing after reviewing the initial draft:

• Hon. (Dr.) Anil Jayantha Fernando, Minister of Labour and the Deputy Minister of Economic Development – (Chairman)

• Hon. Sunil Handunneththi Minister of Industries and Entrepreneurship

• Hon. Wasantha Samarasinghe Minister of Trade, Commerce, Food Security and Co – operative Development

• Hon. (Dr.) Harshana Sooriyapperuma Deputy Minister of Finance Plan Implementation

The Cabinet of  Ministers granted approval to the proposal submitted by the Minister of Justice and National Integration to appoint Thilak Nandana Hettiarachchi, a special grade officer in Sri Lanka Administrative Service who served in the post of Additional Secretary of the Ministry of Buddha Shasana, Religious and Cultural Affairs, to the post of Commissioner General of Official Languages with immediate effect.

As revising the existing acts and formulation of new acts within the year of 2025 has been recognized as a necessity,  the Cabinet of Ministers granted approval for the proposal furnished by the Minister of Plantation and Community Infrastructure Facilities to include introduction of the following new laws and amendment of acts to the government laws formulation programme for the year 2025.

• Amendment of Tea, Rubber and Coconut Estates (Control of Fragmentation) Act No. 2 of 1958
• Amendment of Samumyamoothi Thandaman Memorial Foundation Act No. 19 of 2005
• Amendment of Tea Shakthi Fund Act No. 47 of 2000
• Amendment of Tea Control Act No. 51 of 1957
• Amendment of Rubber Control Act No. 11 of 1956
• Introduction of a new act named Plantation Management Act
• Introduction of a new act to entrust the Department of Rubber Development with powers of the Thurusaviya Societies.
• Introduction of amendments to Coconut Development Act No. 46 of 1971 so that new regulations can be included to the act
• Amendments related to Tea Board Act No 14 of 1975 and regulations