Ceylon Chamber Submits Recommendations to Strengthen Draft Public-Private Partnership Bill

The Ceylon Chamber commends the Government’s effort to introduce a legislative framework for PPPs through the Draft Public-Private Partnership (PPP) Bill, which is a requisite precursor to enhancing Sri Lanka’s ability to attract private investment in infrastructure and service delivery. Amidst a tight fiscal environment for the Government, we believe PPPs will be conducive for […]

SLT-MOBITEL partners AI Pazz, Sri Lanka’s First AI-Powered Legal Research Platform

In a landmark move set to redefine legal research in Sri Lanka, SLT-MOBITEL Mobile has partnered with Redblocks AI (Pvt) Ltd to launch AI Pazz, the country’s first-ever AI-powered legal research platform featuring Sri Lanka’s largest and the most up-to-date digital legal library, to offer unprecedented access to advanced legal research tools. This revolutionary platform […]

Sri Lanka Receives 2.5 mn USD from Japan to Strengthen Anti-Corruption Mechanisms

Corruption undermines sustainable development, the well-being of its citizens, their trust in institutions and tax morale. The cost of corruption is felt by all segments of society and the economy. Corruption significantly deters foreign investments, as it creates an unpredictable and risky business environment. Investors often perceive high levels of corruption as indicative of weak […]

Transparency International Sri Lanka Challenges the Companies (Amendment) Bill

Transparency International Sri Lanka (TISL) filed legal action on Thursday 19 June 2025, in the Supreme Court challenging the Bill to amend the Companies Act No. 07 of 2007. The petition has been filed in the public interest. The amendment introduces a critical anti-corruption tool – a Beneficial Ownership Information (BOI) register. TISL contends that […]

CBSL Warns Against Misleading Overseas Property Investments, Threatens Legal Action

The Central Bank of Sri Lanka (CBSL) has issued a stern warning to the public regarding misleading advertisements promoting overseas investments in immovable properties and offering guidance on obtaining foreign financing for such ventures. The CBSL emphasizes that many of these advertised activities contravene the country’s foreign exchange regulations and has signaled its intent to […]

TISL Welcomes Passage of Proceeds of Crime Act: A Landmark Step in SL’s Anti-Corruption Efforts

The Proceeds of Crime Act introduces non-conviction based asset forfeiture and strengthens Sri Lanka’s legal tools for recovering illicit assets, including those held abroad. The law shifts the burden of proof, enabling more effective recovery of stolen wealth and aligning Sri Lanka’s legal framework with international standards. TISL highlights the law’s focus on asset recovery […]

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