Sri Lanka is introducing tough new laws to hold all ranks of Treasury officials accountable with penalties and possible jail terms if guilty of fraud or misappropriation. This is through the proposed Public Finance Act which will also include new Financial Regulations to be introduced in April, replacing the existing regulations introduced by the British colonial administration.

Investors are likely to face a rude shock on submitting proposals to the Hambantota International Airport (HIA) after it was discovered that international airlines are yet to have firm discussions with the state on flying to Mattala.