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Foreign Minister tells virtual C’wealth Foreign Affairs Ministers’ meeting urgent need for debt relief

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Foreign Minister Dinesh Gunawardena, leading a delegation to the 20th Virtual Commonwealth Foreign Affairs Ministers Meeting (CFAMM) on the sidelines of the 75 UN General Assembly, on Wednesday, called for innovative thinking, collective and integrated strategies to address the multi-dimensional and cross cutting challenges in the wake of the COVID-19 pandemic.

Highlighting that e-commerce and e-governance would define the competitive edge of countries in the post COVID-19 world, Minister Gunawardena called for assistance to advance digitalization of economies and services within Commonwealth member states, the Foreign Ministry said.

He cited Sri Lanka’s experience of conducting the first ever tea and rubber auctions via a digital platform, while the country also remained the first in South Asia to adopt international standards for digital transactions.

He also proposed mobilizing existing scientific and technical expertise and knowledge in the Commonwealth towards ongoing research related to COVID-19. In this regard, the Foreign Minister highlighted the partnership between the University of Sri Jayewardenepura and Oxford University in sharing expertise and knowledge acquired in immune responses in individuals to dengue infection, to understand immune responses to COVID-19 infections.

Minister Gunawardena noting the unprecedented and adverse economic and social impact induced by the crisis on countries underlined the urgent need for debt relief, loan repayment moratoriums and financial stimulus to ease current difficulties.

Focusing on Sri Lanka’s commitments under the Action Plan of the Paris Climate Change Agreement, Minister Gunawardena informed that Sri Lanka planned to reduce 30% of GHG emissions by 2030 and move towards a resilient and cleaner future with low carbon economic growth by transitioning to hydro, solar and wind power. He also underlined the need to identify the barriers, risks and potential opportunities for scaling-up climate finance for small states, including Sri Lanka.

The meeting was chaired by the Secretary of State for Foreign and Commonwealth Affairs and First Secretary of State of the United Kingdom, Dominic Raab MP, as Commonwealth Chair-in-Office. The CFAMM, which traditionally takes place on the sidelines of the United Nations General Assembly in New York, was held virtually this year amidst the COVID-19 pandemic.

The Sri Lanka delegation to the virtual CFAAM included Foreign Secretary Admiral Prof. Jayanath Colombage, Sri Lanka’s High Commissioner to the UK Saroja Sirisena and Director General, European Union and Commonwealth of the Foreign Ministry Dhammika Semasinghe.

 

 



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Amendment of the Inland Revenue Act No. 24 of 2017

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Approval of the Cabinet of Ministers has been granted at their meeting held on 19.05.2025 in order to introduce amendments to the Inland Revenue Act No. 24 of 2017 including the proposed tax revisions to enhance the tax structure paving way for state financial integrity based on revenue.

Accordingly, the revised draft bill has been prepared by the legal draftsman and clearance of the Attorney General has been received.

Therefore, the Cabinet of Ministers has granted approval for
the resolution furnished by the President in his capacity as the Minister of Finance, Policy Planning and Economic Development to publish the aforementioned draft bill in the government gazette notification and subsequently, forward the same to the Parliament for its concurrence.

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Cabinet nod for “National Mineral Policy” – 2026

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The National Mineral Policy was prepared for the first time in the year 1999, and the aforementioned policy has been amended in 2023 to cover  matters such as preparing an updated data system related to mineral resources, adding value to the export of minerals, encouraging mineral-related industrialists, extracting mineral resources and managing the environment sustainably, and resolving the issues related to the ownership of the land arising in extracting mineral resources.

The revised National Mineral Policy has been reupdated in line with the manifesto “A Sustainable Resource Utilization – Generation of the Highest Benefit” under the policy statement of the current government” A Thriving Nation – A Beautiful Life.”

Accordingly, the Cabinet of Ministers has approved the resolution presented by the Minister of Industries and
Entrepreneurship to implement the so-formulated “National Mineral Policy—2026.”

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Twelve sentenced to death by Gampaha High Court

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The Gampaha High Court has sentenced Twelve (12) individuals to death over the 2022 murder of former Polonnaruwa District Member of Parliament Amarakeerthi Athukorala and his security officer.

 

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