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Sri Lanka; United Nations: Panel Finds Reports of War Crimes Credible

(Apr. 29, 2011) On April 25, 2011, the United Nations released the report that a panel of experts had completed about a month earlier, concerning accountability in the final stages of the 1983-2009 civil conflict in Sri Lanka. The panel called for further investigation and found credible allegations that both sides in the conflict, the […]

Sri Lanka: Plan for Aid to University Students to Be Developed

(Apr. 1, 2011) Sri Lanka's Minister of Higher Education, S.B. Dissanayake, recently proposed a new law, the Human Capital Development Finance Act. The plan has been approved by the Cabinet, and the drafting process will begin soon. The purpose of the legislation is to provide aid in the form of bank loans to underprivileged university […]

Sri Lanka: Government Campaign Against Dengue Relies on Fines

(Mar. 7, 2011) Sri Lanka has resorted to fining individuals and businesses that do not take the necessary actions to curtail mosquito breeding as a part of the country's efforts to fight dengue fever. The program has proved to be successful, with a reduction in the rate of infection in 2011, despite widespread flooding in […]

Sri Lanka: New Investment Law Planned

(Mar. 7, 2011) Sri Lanka's Senior Minister of International Monetary Co-Operation, Dr. Sarath Amunugama, stated that the country's government plans to introduce a new investment law to encourage foreign investment. He argued that change was needed in the investment climate in order to improve the country's economic status and achieve a growth rate of over […]

Sri Lanka: Proposed Changes to Retirement Fund Rules

(Feb. 14, 2011) Sri Lanka's Minister of Labor, Gamini Lokuge, submitted a draft of the Employees' Provident Fund (Amendment) Act to the legislature. The amendment would make changes to allow Fund participants to withdraw 30% of the assets they have in the Fund if needed for either medical treatment or to build a house. The […]

Sri Lanka: Transfer Tax for Long-Term Land Leases to Foreigners

(Feb. 14, 2011) Sri Lanka's Cabinet recently approved a plan to tax long-term leases of land to foreigners. The proposal came from Mahinda Rajapaksa, the President of the country, who has been acting as the Finance Minister since 2005. The change will take the form of an amendment of the Finance Act (Act No. 11, […]

Sri Lanka: Minimum Age for Migrant Domestic Workers Raised

(Jan. 27, 2011) In January 2011, the Cabinet of the Sri Lankan government approved a proposal to raise the minimum legal age of employment for migrant domestic workers from Sri Lanka, making it 21 rather than 18. The new standard was suggested by the Minister of Foreign Employment Promotion and Welfare, Dilan Perera, to deal […]

Sri Lanka: Irrigation Ordinance to Be Amended

(Jan. 19, 2011) It was reported on January 13, 2011, that Nimal Siripala de Silva, Sri Lanka's Minister of Irrigation and Water Management, has announced that the country's 64-year-old Irrigation Ordinance will soon be revised. A committee is currently considering what changes are needed in the law, which has never had a major amendment. Thus […]

Sri Lanka: Government Considers Regulating Microfinance Companies

(Dec. 28, 2010) Sri Lanka does not at present regulate the companies that provide micro-financing to businesses in the country. Although there have not been a large number of complaints about the industry, on December 20, 2010, it was reported that officials are considering regulation. The microfinance sector in Sri Lanka includes banks, finance companies, […]

Sri Lanka: Government Group Established to Implement Reconciliation Commission Findings

(Nov. 4, 2010) In order to implement the recommendations of the Sri Lankan Lessons Learnt and Reconciliation Commission, the country's Cabinet decided on October 28, 2010, to establish an Inter-Agency Advisory Group. The goal of the new organization is to redress problems highlighted by the Commission, based on an Interim Communication from the Commission given […]