Port City Law Amendments Approved by Cabinet 📈

• Cabinet has approved the proposal by President Anura Kumara Disanayake to instruct the Legal Draftsman to prepare amendments to the Colombo Port City Economic Commission Act, No. 11 of 2021. • The revisions are aimed at addressing regulatory gaps and investor concerns, following the repeal of key strategic business regulations on August 4. • The goal is to strengthen the competitiveness of the special economic region, attract foreign direct investment (FDI), and improve Sri Lanka’s global ease-of-doing-business rankings. • New measures are expected to restore investor confidence by clarifying the incentive framework and providing direct solutions to issues faced within Colombo Port City, which is positioned as an international business hub.