News
Microsoft to help empower Sri Lankan through Cloud and AI technologies
In a bid to strengthen commitment and partnership towards the South Asia region, Puneet Chandok, the president of Microsoft India and South Asia, made his inaugural visit to Sri Lanka in March 2024, since taking office in September 2023, Microsoft said.
Building on the two-decade journey of empowering the people of Sri Lanka through Cloud and AI technologies, Puneet engaged in discussions with President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena during his two-day visit. The discussions explored the transformative potential of AI in uplifting societies and communities, while discussing how innovative technological solutions can propel Sri Lanka towards becoming a digital nation.
Fostering global competitiveness and investing into the digital future of the country, Microsoft and the Ministry of Education joined forces with a Memorandum of Understanding (MoU) to integrate AI to the national school curriculum starting grade 8, thereby equipping students with essential skills for the future. This marks a significant milestone for the education landscape of Sri Lanka, Microsoft said.
Commenting on his debut visit representing Microsoft in Sri Lanka, Puneet Chandok, president, Microsoft India and South Asia, remarked, “I am honored to continue building on Microsoft’s two-decade-long legacy in Sri Lanka with a renewed thrust towards AI innovation that puts people first. During my meeting with President Wickremesinghe and Prime Minister Gunawardena, we discussed how Microsoft can build on its partnership with the government of Sri Lanka towards solving challenges faced by the communities. The MoU with the Ministry of Education is exemplary of that work, and we are proud to play a role in advancing Sri Lanka’s innovation agenda with a boost towards the ICT sector. It was truly inspiring to witness the steps Sri Lanka is taking to ensure inclusivity in innovation. As AI continues to be the defining technology of our time, Microsoft is committed to being Sri Lanka’s copilot for economic and societal transformation.”
Lastly, concluding in a truly collaborative manner, the visit also witnessed Puneet engaging with key business leaders and CXOs in a special session called “Microsoft CEO Connect”, wherein the group catalyzed dynamic conversations on the disruptive potential of AI across industries, and discussed Microsoft’s role in equipping Sri Lankan organizations with cutting-edge technologies to advance innovation.
News
Amendment of the Inland Revenue Act No. 24 of 2017
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.
News
Cabinet nod for “National Mineral Policy” – 2026
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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