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Cabinet clears amendments to Colombo Port City Act to boost investment climate
Daily Mirror - Sri Lanka
|October 15, 2025
Cabinet has approved drafting amendments to the Colombo Port City Economic Commission Act No. 11 of 2021, aiming to restore investor confidence and strengthen the city's position as a competitive international business and services hub.
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The move follows the repeal of the Port City's strategic business regulations in August, which had created uncertainty for investors relying on key incentives and exemptions. The proposed amendments are expected to address these gaps and introduce new provisions to streamline investment facilitation and governance.
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