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Government to Introduce Four New Bills under Labour Law Reform Drive

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The Government is moving ahead with a sweeping overhaul of Sri Lanka’s labour laws, with four new bills set to be introduced as part of efforts to modernise the country’s employment framework and align it with evolving economic and social realities, the Parliament Secretariat announced yesterday.

The initiative, presented at the Ministerial Consultative Committee on Labour Affairs, focuses on simplifying and consolidating existing laws while balancing worker protection and employer flexibility. Labour Minister Dr. Anil Jayantha Fernando and Deputy Minister Mahinda Jayasinghe took part in the discussions outlining the reform strategy.

A 17-member expert committee has been appointed to review 14 existing labour laws and draft four new bills covering key areas such as trade unions, labour relations, occupational safety, and termination of employment. The committee has also agreed to propose interim amendments to existing laws until the new legal framework is fully enacted.

The upcoming reforms will also address women’s night-time employment rights, labour protection mechanisms, and employment termination insurance provisions, aiming to bring Sri Lanka’s labour standards in line with international best practices.

Officials said the new legal framework seeks to create a fair balance between safeguarding worker rights and improving the competitiveness and adaptability of businesses in a rapidly changing global environment.

According to Labour Ministry sources, the National Policy on Occupational Safety and Health (OSH) has reached its final drafting stage and will be published soon. The Ministry is also working on a major digitalisation initiative, upgrading the Labour Department’s database to ensure that every worker is registered in the national system as soon as they enter the labour force.

Officials noted that this digital registry will enhance transparency, compliance, and social protection coverage while reducing administrative delays.

The labour reform programme is seen as a critical step toward creating a modern, inclusive, and dynamic labour market capable of supporting investment, productivity, and sustainable growth.

Cybercrime Costs Sri Lanka up to $1 Billion Annually, ADB Warns

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Sri Lanka could be losing between $450 million and $1 billion each year to cybercrime, according to Asian Development Bank (ADB) Digital Sector Office Director Antonio Zaballos, who urged stronger cybersecurity frameworks and a national shift in digital awareness to safeguard the country’s growing online economy.

Speaking at the ADB’s Serendipity Knowledge Program (SKOP) on Digital Transformation: Cybersecurity and Data Protection for Digital Economy Development held in Colombo, Zaballos said global cybercrime losses have now reached $10.5 trillion  nearly 9% of global GDP.

“If we consider even 0.5-1% of Sri Lanka’s GDP, the annual cost of cybercrime could easily fall between $450 million and $1 billion,” he said, emphasizing that as economies become more digitally interconnected, their exposure to cyber threats rises sharply.

“The more connected we are, the more at risk we are,” Zaballos warned, noting that cybersecurity is no longer just a technical issue but a development challenge that demands collaboration between governments, private enterprises, and citizens.

He highlighted that Sri Lanka’s push toward a digital economy through online banking, e-commerce, and digital governance makes the country particularly vulnerable without adequate cyber protection, adding that proactive investment in cybersecurity infrastructure is essential to prevent economic disruption and loss of public trust.

Meanwhile, Data Protection Authority Chairman Rajeeva Bandaranaike stressed that Sri Lanka’s biggest hurdle lies not merely in technology but in building a culture of cybersecurity and data privacy.

“We don’t have a culture of data privacy and data protection, and awareness levels remain very low,” he said. “Policymakers need to take ownership and embed a sense of responsibility across all sectors of society.”

Bandaranaike said that Sri Lanka’s forthcoming Data Protection Act and cybersecurity legislation will set an important legal foundation for digital governance. However, he cautioned that legislation alone will not be enough unless supported by continuous education and public engagement.

“Like wearing helmets or seatbelts, data protection needs to become second nature,” he added. “That will take consistent enforcement, awareness campaigns, and digital literacy efforts.”

Experts at the forum agreed that Sri Lanka must accelerate its institutional readiness and cross-sector collaboration to mitigate rising cyber threats as digital adoption expands. Without stronger protections, they warned, cybercrime could significantly undermine investor confidence, financial stability, and long-term economic growth.

Electronic Travel Authorization (ETA) Required for Short-Stay Visitors to Sri Lanka

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All travelers visiting Sri Lanka for short-stay purposes, including tourism or business, are required to obtain an Electronic Travel Authorization (ETA) prior to arrival.

Travelers can find more information and apply online through the following official websites:
🔹 www.eta.gov.lk
🔹 www.immigration.gov.lk

The ETA system streamlines the visa process, allowing visitors to secure entry authorization before travelling to Sri Lanka.

Government to Form Operations Committee to Boost Sports Tourism in Sri Lanka

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The government has decided to establish an operations committee comprising officials from both the public and private sectors to take swift and coordinated measures to promote sports tourism in Sri Lanka.

Tourism Minister Vijitha Herath announced the initiative during a special meeting held today (16) at the Ministry of Tourism, attended by representatives from the Ministry of Youth Affairs and SportsSri Lanka Cricket, and several national sports federations.

The discussion centered on strategies to attract international visitors by hosting and promoting major national and international sports events, including cricket, rugby, and football tournaments. Officials noted that Sri Lanka already draws thousands of athletes, coaches, officials, and spectators annually for various sporting activities.

Sri Lanka’s growing popularity for surfing, white-water rafting, mountaineering, cycling, and marathons was also highlighted as an opportunity to expand the sports tourism segment. According to officials, around 40 cricket matchesare scheduled for the first four months of next year, alongside numerous other events.

However, participants pointed out that the tourism potential of sports events remains underutilized, prompting the decision to form the new operations committee to link sports with broader tourism promotion efforts.

Minister Herath emphasized that sports tourism is a key component of Sri Lanka’s long-term tourism strategy.

“The new committee will help identify the unique potential of this sector and guide future development initiatives to position Sri Lanka as a leading sports tourism destination,” he said.

The committee will also develop strategies to connect the sports and tourism industries, enhance international promotionimprove infrastructure, and provide policy guidance for the sector’s sustainable growth.

The meeting was also attended by Deputy Minister of Tourism Ruwan Ranasinghe and Minister of Youth Affairs and Sports Sunil Kumara Gamage.

Police Warn Public Against Deceptive Online and Mobile Loan Schemes

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The Sri Lanka Police Headquarters has issued a public alert urging citizens to exercise caution when obtaining loans via the Internet or mobile applications, following a surge in complaints about fraudulent and exploitative lending practices.

According to the Police, numerous entities are currently advertising instant loans online and through mobile platforms, often promoting them with misleadingly attractive offers. In some cases, individuals have received unsolicited phone calls encouraging them to apply for loans that purportedly require no collateral.

However, police reports indicate that many borrowers have fallen into severe financial distress after taking such loans without properly reviewing interest rates or repayment conditions.

Daily complaints reveal that some borrowers are being charged exorbitant interest rates, while others face harassment from lenders, including frequent phone calls and defamatory social media posts aimed at shaming those unable to make timely payments.

In response, the Sri Lanka Police, together with the Non-Banking Financial Institutions Supervision Department of the Central Bank of Sri Lanka (CBSL), conducted a joint investigation. Findings confirmed that many online lending entities are not regulated by the Central Bank.

The CBSL has since announced that measures are being taken to bring such operators under proper regulatory oversight.

The Police urged the public to obtain loans only from institutions licensed and regulated by the Central Bank, warning that unregulated lenders pose serious risks of financial exploitation.

Citizens are advised to report any suspicious or unethical lending activities to their nearest police station or visit the official Central Bank website for guidance and verification.

IMF Praises Sri Lanka’s Strong Growth and Steady Progress Under Economic Reform Program

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The International Monetary Fund (IMF) has praised Sri Lanka’s continued progress under its economic reform program, noting that the country is experiencing strong growth momentum following its recovery from a deep financial crisis.

At a regional economic outlook briefing, Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department, and Thomas Helbling, Deputy Director, provided updates on Sri Lanka’s economic performance and reform efforts.

Helbling stated that Sri Lanka is now reaping the rewards of program implementation after enduring a severe recession.

“After a deep recession during the crisis, Sri Lanka has now implemented the program and is benefiting from very strong growth — 5% last year, with an estimated 4.2% this year and next year, going toward a potential growth rate of around 3%,” he said.

He emphasized that continued implementation of IMF-backed reforms is essential to sustain the recovery.

“The key advice is to continue with program implementation, realize the full benefits of the reforms, and ensure that growth remains on track. For Sri Lanka, it’s important to stay on the path of stabilization,” he added.

Helbling further highlighted the importance of fiscal consolidationstate-owned enterprise reform, and sound institutional frameworks to maintain macroeconomic stability and ensure long-term success.

Echoing his remarks, Srinivasan said Sri Lanka has made remarkable progress compared to just a few years ago.

“Sri Lanka has come a long way from where it was. Our message is to stay the course. The country has already done the difficult part — by continuing with reforms, it will continue to see the benefits,” he said.

The IMF officials also stressed the need to strengthen governance and public investment management while maintaining fiscal discipline. Helbling acknowledged “impressive progress” in meeting structural benchmarks, including electricity pricing reforms and cost recovery measures.

Both officials reaffirmed the IMF’s support for Sri Lanka’s reform path, emphasizing that staying committed to reforms is crucial to ensure sustained growth, fiscal stability, and economic resilience.

Sri Lanka Customs Records Highest Single-Day Revenue of Rs. 24.9 Billion

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Sri Lanka Customs has announced that it recorded its highest-ever single-day revenue of Rs. 24,918 million on October 15, 2025.

According to official data, the cumulative revenue collected by the department up to that date stood at Rs. 1,867 billion.

The Director General of Customs stated that, given the current pace of revenue collection, the annual target of Rs. 2,115 billion set for 2025 is expected to be surpassed with ease.

The department attributed this strong performance to improved operational efficiency, enhanced compliance measures, and higher import volumes during recent months.

Fairly heavy rainfall expected in parts of the island

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Showers or thundershowers will occur at most parts of the island after 1.00 p.m, today (17), the Department of Meteorology said.  

Fairly heavy falls above 75 mm are likely at some places in Western, Sabaragamuwa, Central, Uva, North-central and North-western provinces. 

Showers may occur in Western and Southern provinces in the morning too, the Met. Department added.

The general public is kindly requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

NPP UK Hosts Environmental Dialogue with Sri Lanka’s Deputy Environment Minister in Essex, pledging the formation of a Sri Lanka Wildlife Committee

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Redbridge, Essex: The UK Committee of the National People’s Power (NPP) hosted a high-level meeting between Sri Lanka’s Deputy Minister for Environment, MP Anton Jayakody, and a group of UK-based environmental activists, academics, and sustainability enthusiasts.

Minister Jayakody focused on Sri Lanka’s current and future environmental priorities. Topics covered included deforestation, biodiversity conservation, elephant protection, renewable energy, water purification, sanitation, and sustainable waste management. The meeting aimed to provide clarity on how Sri Lanka’s environmental strategies align with economic policy and explore opportunities for international collaboration.

UK participants expressed strong support for the NPP-led government’s environmental agenda, noting growing international confidence in its transparent governance and commitment to tackling corruption. Attendees emphasised that this renewed trust provides a solid foundation to establish an international support group focused on Sri Lankan wildlife and environmental initiatives and pledged the formation of a wildlife committee to lend global support to Sri Lanka’s environmental initiatives.

The meeting marked a significant step in strengthening ties between the Sri Lankan government and its global SriLankan community towards developing sustainable partnerships for the betterment of Sri Lanka’s environment.

Niluka Jayasinghe Honoured as CA Sri Lanka’s Best Entrepreneur 2025 for Pioneering Global Finance Solutions

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October 16, Colombo (LNW): Niluka Jayasinghe, Founder and Managing Director of Global Bookkeeping Solutions Ltd. (GBS), has been named the Best Entrepreneur 2025 by CA Sri Lanka at its 46th National Conference of Chartered Accountants, held on October 09 at the Monarch Imperial, Sri Jayewardenepura Kotte.

The award recognises her exceptional leadership in transforming Sri Lanka’s role in the global knowledge economy and her contribution to advancing the business-process management (BPM) industry. Since launching GBS in 2018, Jayasinghe has established the company as a leading provider of cloud-based accounting and financial outsourcing services to clients across Australia, New Zealand, the United Kingdom, the United States, and the Middle East.

Under her direction, GBS has achieved an extraordinary compound annual growth rate of 103 per cent over five years and now employs a team of more than 50 skilled finance professionals.

Accepting the honour, Jayasinghe highlighted the broader significance of her journey: “Sri Lanka’s true potential lies in exporting expertise, professionalism, and trust—not merely physical goods. This recognition is a tribute to all professionals, particularly women, who demonstrate that our capabilities are globally competitive.”

Before founding GBS, Jayasinghe built a strong foundation in global finance and regulatory compliance through her work with Ernst & Young, BPO Connect, and Ganrid Consultants. Beyond her company’s commercial success, she has made notable contributions to workforce development by training over 200 emerging finance professionals and promoting flexible, remote work arrangements—particularly for women seeking to build careers in finance.

Her recognition aligns with CA Sri Lanka’s focus on integrity, innovation, and meaningful impact—qualities highlighted in this year’s conference theme: “UPRISE – Global Insight >> Local Impact.”

Jayasinghe’s achievement not only reflects her personal excellence but also positions her as a trailblazer for Sri Lanka’s transition into a globally connected digital economy.