News
Japanese entrepreneur praises Lankan FM, applauds change in political culture
Kazuhiro Hanzaki, Chairman of the Japan-based Enterprise United Co-operative, has expressed profound admiration for Sri Lanka’s Foreign Minister following high-level discussions linked to a landmark partnership aimed at expanding employment opportunities for Sri Lankan youth in Japan’s electrical engineering sector.
The remarks came in the wake of a Memorandum of Understanding (MoU) signed on 7 January 2026 between Enterprise United Co-operative and the Sri Lanka Foreign Employment Agency, opening doors for qualified Sri Lankan youth with National Vocational Qualifications (NVQ) to seek promising careers in Japan.
Speaking warmly about his experience with the Sri Lankan leadership, Hanzaki said he was genuinely “overwhelmed with the simplicity, dedication, transparency and patriotism displayed by the Foreign Minister especially.”
“When I was to meet with the Minister, I never expected such a gentleman,” Hanzaki shared. “He has made Sri Lanka proud. I will be mentioning this positive political culture change in Sri Lanka to my fellow Japanese businessmen and will encourage them to visit and invest in Sri Lanka. This type of behaviour, support and efficiency is world-class – and this is what the Japanese people expected from Sri Lanka and its leadership for decades.”
Hanzaki’s praise highlights a broader shift in international perceptions of Sri Lanka’s governance and diplomatic engagement following several recent cooperative initiatives between Sri Lanka and Japan, including technical and economic collaborations.
This endorsement from the Japanese business community not only reinforces the significance of the newly signed MoU but also signals a growing confidence among foreign investors in Sri Lanka’s evolving political and economic landscape.
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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