News
Govt. planning to issue seven new Casino licences: Ranawaka

By Saman Indrajith
Leader of the 43 Brigade and newly formed United Republic Front MP Champilka Ranawaka says that the government is planning to issue seven new casino licences.
“Arrangements are being made to issue seven new licences while the Finance Ministry and other responsible institutions have failed to collect at least a single dollar as tax revenue for the past 28 years from four casino licenses that had already been issued,” Ranawaka said on Tuesday (23) participating in the second reading debate on the Betting and Gaming Levy (Amendment) Bill.
“Casinos have been in operation in this country for the past 28 years. If we go through available records it is discernible that casinos have not even operated properly as per regulations. Many have been functioning above the laws and regulations in a very haphazard manner. There are only four of them that have been operating under proper licensing. They too have not paid their due taxes to the government. Several types of taxes are levied on casinos. The four casinos have circumvented the regulations and refrained from paying a single dollar as taxes during the past 28 years. Without streamlining the tax collecting means to make the existing four casinos comply with the regulations, the government is planning to give seven more licenses. Increasing the number of casinos has nothing to do with promoting tourism because in countries such as Singapore, and Malaysia, each has only three to four casinos while their tourism performs better than us. You do not need hundreds of casinos to attract tourists but only well regulated, properly functioning few which regularly pay their due taxes to the government,” Ranawaka said.
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Russian Embassy, Russian House, unveil plaque at Public Library in honour of 80th anniversary of victory day

The Russian Embassy in Sri Lanka and the Russian House in Colombo unveiled a plaque at the public library Colombo today (29th April) in honour of the 80th anniversary of victory day.
Victory Day is celebrated on the 9th of May, the day Nazi Germany was defeated in World War II. It is an important date in the Russian calendar and an integral part of Russian culture.
The plaque was jointly unveiled by the Ambassador of the Russian Federation in Sri Lanka Lenav Dzhagaryan and Ms Maria Popova Counsellor of the Russian Embassy in Sri Lanka and Director of the Russian House in Colombo
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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
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