News
President to inaugurate Sri Lanka Economic Summit
The Sri Lanka Economic Summit, the premier and the most anticipated annual economic event in Sri Lanka, organised by the Ceylon Chamber of Commerce (CCC), will be inaugurated by President Anura Kumara Dissanayake, under the theme Shaping Sri Lanka’s Future: Transformational Growth Rooted in Sound Economic Policies on 28th January at the Shangri-La Hotel, Colombo.
The CCC, in a statement issued to the media, yesterday, said: As a key feature of the inauguration, President Dissanayake will engage in a Fireside Chat on the vision for sustainable economic development, with the Deputy Vice Chairman of the Ceylon Chamber Bingumal Thewarathanthri. The Ceylon Chamber’s leadership, including Chairman Duminda Hulangamuwa and Vice Chairman Krishan Balendra, will also be in attendance, with Duminda Hulangamuwa delivering the Opening Remarks at the inauguration.
The opening session of day 02, on 29th January, will feature a Fireside Chat with Dr. Hans Wijayasuriya, Chief Advisor to the President on Digital Economy. The discussion on ‘Shaping Sri Lanka’s Digital Economy Roadmap’, will focus on strategies to accelerate digital transformation and advance Sri Lanka’s digital landscape, and will be moderated by Founder of Surge Global Bhanuka Harischandra.
The Summit will explore the right policies to be implemented in achieving an export-led investment model, focusing on leveraging Sri Lanka’s strategic location, its access to rapidly growing regional markets, and the necessary domestic reforms to unlock key export sectors. Breakout sessions will focus on Tourism, Agriculture, and Value-Added Manufacturing.
Standard Chartered Bank is the Platinum sponsor of the event, while Unilever Sri Lanka and Deloitte Sri Lanka are the Gold sponsors. The Asian Development Bank acts as the Knowledge Partner, while VISA is the Strategic Partner, and South Asia Gateway Terminals is the Session sponsor. Dialog Axiata PLC and Dialog Television are the Telecommunication and Television Partners respectively, while Economy.lk and Omnicom Media Group are the communications partners. The Shangri-La Hotel Colombo, is the Hospitality Partner of the Summit.
For further information contact Lilakshi at lilakshi@chamber.lk / 5588818 or Alikie at alikie@chamber.lk / 0115588805.
News
Elders’ home devastated by fire was a ‘house of horror’: Witnesses
Death toll rises to 12: Director remanded
Some residents were allegedly chained
Police have come under public pressure to investigate allegations of inhumane treatmenf the residents at an elders’ home in Batagoda, which was also reportedly used as a care centre for persons with special needs, following a devastating fire that has so far claimed 12 lives.
Eyewitnesses who were among the first responders told the media that several residents had been chained inside rooms at the Senehase Kedella Elders’ Home when the fire broke out on Wednesday. They claimed that rescue efforts were hindered as iron chains could not be removed, and that some residents died while being restrained.
Authorities have not yet verified these claims, and Police said investigations are continuing.
Police spokesman ASP F.U. Wootler, contacted for comment, said there were rumours to that effect, but the Police were not in a position to verify the claims until a report from the Government Analyst was received. He said eight survivors with burn injuries were being treated in hospital.
Meanwhile, the Director of the facility had been arrested and was due to be produced before the Horana Magistrate’s Court, Police said adding that he was remanded till June 11.
The death toll from the fire has risen to 12 as of Thursday morning following the recovery of additional charred remains during ongoing forensic examinations at the site. Six others sustained serious injuries and are being treated at the Horana Base Hospital.
Police said 72 residents were inside the facility at the time of the blaze. Of them, 10 died inside the building, seven were injured and hospitalised, while 51 were rescued and relocated.
Survivors were initially housed at Batagoda Junior School before being transferred with Army assistance to another branch of the same care network in Galpatha.
A magisterial inquiry was conducted on Thursday morning. Horana Magistrate Lakmini Vidanagamage visited the scene. The burnt remains were examined and removed under judicial supervision.
Separately, allegations have emerged that residents were required to pay an admission fee of Rs. 75,000, along with a monthly charge of Rs. 35,000 to the centre. Police have not commented on these claims.
The director was taken to the scene as part of ongoing investigations, while forensic experts continue examinations to determine the cause of the fire, which remains undetermined.Anguruwatota Police are conducting investigations.
By Norman Palihawadane and Nishan S Priyantha
News
CERT : AI-generated videos depicting Prez, PM lure public into financial scams
Sri Lanka CERT has issued a public warning over the circulation of artificial intelligence (AI)-generated videos falsely depicting President Anura Kumara Dissanayake, Prime Minister Harini Amarasuriya and several other prominent personalities to promote fraudulent investment schemes online.
According to complaints received by the national cyber security agency, the videos have been created using deepfake technology and are being used as part of attempts to defraud members of the public through financial scams.
The images of famous sports personalities and other public figures have also been misused in the deceptive content.
The agency has warned that similar AI-generated material has been used to spread false information relating to investment opportunities, employment offers, as well as matters concerning the country’s economy and tax policies.
According to Sri Lanka CERT, the videos are being widely shared across online platforms and frequently contain links urging viewers to make investments in return for purported profits.The agency has cautioned that these links may redirect users to fraudulent websites designed to steal personal information, financial data and money from unsuspecting victims.
Sri Lanka CERT has urged the public to exercise extreme caution when encountering such content online and advised against clicking on suspicious links or sharing personal information through unverified websites.
“The public should remain vigilant and avoid becoming victims of false information and online fraud schemes,” the agency said.
Sri Lanka CERT has also encouraged internet users to verify information through official sources before acting on any investment, employment or financial offers circulated via social media or other online platforms.
News
New tax law comes into force
Speaker Dr Jagath Wickramaratne on Wednesday endorsed the certificate on the Inland Revenue (Amendment) Bill, bringing the legislation into force as the Inland Revenue (Amendment) Act, No. 11 of 2026, Parliament sources said.
The Bill, which amends the Inland Revenue Act, No. 24 of 2017, was passed by Parliament on May 19.
The new law introduces a series of reforms aimed at modernising tax administration procedures, improving compliance and enforcement mechanisms, enhancing the accuracy of tax calculations and deductions, and strengthening transparency within the tax system.
The amendments also support broader economic policy objectives and include measures designed to reinforce anti-money laundering safeguards.Among the key provisions of the Act is the mandatory use of Taxpayer Identification Number (TIN) certificates for specified high-value financial transactions.
The legislation also introduces revisions to the calculation of taxable income, clarifies tax exemptions applicable to certain projects and business entities, and expands the scope for information disclosure to relevant authorities.
The amendments are expected to improve the efficiency of tax administration while facilitating greater accountability and regulatory oversight.With the Speaker’s endorsement of the certificate, the Inland Revenue (Amendment) Bill has now become law as the Inland Revenue (Amendment) Act, No. 11 of 2026.
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