News
More SLPP dissident MPs to join New Alliance which backs RW
By Shamindra Ferdinando
Chief Government Whip Prasanna Ranatunga on Wednesday (26) said that presidential election would be held later this year in spite of continuing speculation about moves to put it off and advance the parliamentary polls.The Gampaha District MP, who is also the Urban Development and Housing Minister, said the presidential election would be conducted as scheduled followed by parliamentary polls next year.
Addressing the media at the newly established election propaganda office at No 15, Lauries Lane, Bambalapitiya, Minister Ranatunga declared that President Ranil Wickremesinghe had proved his mettle by accepting the daunting task of leading the country following the declaration of bankruptcy.
SLPP MPs namely Prasanna Ranatunga, Power and Energy minister Kanchana Wijesekera, Mahindananda Aluthgamage and SJB MP and Labour and Foreign Employment minister Mansusha Nanayakkara run the Lauries Lane propaganda office.
Political sources said that the group was engaged in discussions with the SLFP-New Alliance combine also backing President Wickremesinghe at the forthcoming presidential poll. Sources said that a consensus was likely soon in time for the Election Commission announcement on the presidential election scheduled for Sept/Oct this year. The New Alliance consists of dissident SLPP MPs. Leader of the House Susil Premjayantha is also part of the group.
Minister Ranatunga said that President Wickremesinghe had earned the appreciation and confidence of the public by restoring normalcy within a short period of time.
Ranatunga alleged SJB and JJB/JVP had launched strikes in the public sector as they couldn’t stomach progress made under extremely difficult situations.
Minister Nanayakkara said that the SJB and JJB/JVP mounted a large-scale public sector strike on March 15, 2023 ahead of the signing of the agreement on March 22 of the same month. Their efforts had failed, Nanayakkara said.
MP Aluthgamage lambasted the JJB/JVP for organising a protest opposite the Fort Railway station on Wednesday. Pointing out that protest coincided with the finalisation of agreement on restructuring of USD 5.8 bn debt, he claimed the organisers expected a protester to die.
Responding to a media query, MP Aluthgamage said that the SLPP hadn’t decided to field a candidate at the presidential election.
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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Twelve sentenced to death by Gampaha High Court
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