Sri Lanka risks losing another Rs.40 billion in tax revenue this year, unless the authorities urgently scrap a long-contested concession granted on the used vehicle imports, according to the Ceylon Motor Traders’ Association (CMTA), which argued the measure is creating an unjustifiable advantage f
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Sri Lanka risks losing another Rs.40 billion in tax revenue this year, unless the authorities urgently scrap a long-contested concession granted on the used vehicle imports, according to the Ceylon Motor Traders’ Association (CMTA), which argued the measure is creating an unjustifiable advantage f
The District Court of Mount Lavinia has been moved to issue an enjoining order against a defendant, accused of unlawfull..
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In a historic first for Sri Lanka, the Orthodox Traditional Christian Church held a bishop consecration ceremony in the ..
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The UN Subcommittee on Prevention of Torture (SPT) will return to Sri Lanka from 15 to 24 June, seven years after its la..
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As a question was raised by an Opposition MP in Parliament as to whether there is a move by the government to abolish th..
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Sri Lanka Podujana Peramuna (SLPP) National Organizer and MP Namal Rajapaksa alleged that under the current administrati..
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Royal College, Colombo, emerged unbeaten champions in the All Island Under-20 Hockey tournament, beating defending champ..
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Bangladesh Test off-spinner Nayeem Hasan has alleged that he was harassed and assaulted by members of a law enforcement ..
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Parliament questions lethargy of Sri Lanka Rugby and Sports Minister as team is held back from Korean contest..
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A group of former Members of Parliament has written to President Anura Kumara Dissanayake urging the government to uphol..
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For the first time in the 76-year history of the Young Presidents’ Organisation (YPO), a Sri Lankan has been elected t..
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A train operating in the Rambukkana area derailed while in service today, according to the Railway Department of Sri Lan..
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A Vesak Festival was held at the White House, the official residence of the President of the United States, in conjuncti..
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The Department of Meteorology has issued a warning for rough sea conditions and strong winds around the island over the ..
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The government is set to strengthen legal and operational mechanisms to curb the importation of plastics and prevent the..
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Prime Minister has assured swift action to address issues affecting Sri Lanka’s indigenous Vedda community, including ..
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Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has be..
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The misidentification of two bodies at the Monaragala General Hospital resulted in considerable inconvenience to relativ..
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A deal with the US to end fighting in Iran is close and includes reopening the Strait of Hormuz, Iran’s Foreign Minist..
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The 2026 World Cup began in Mexico City with an opening ceremony filled with colour, dancing and a performance by global..
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The Asian Development Bank (ADB) has announced a US $ 4 billion financing package to help the countries cope with the ec..
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Sri Lanka risks losing another Rs.40 billion in tax revenue this year, unless the authorities urgently scrap a long-cont..
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Sri Lanka among countries to benefit from ADB’s US $ 4bn crisis package
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CMTA warns of another Rs.40bn revenue leak from used vehicle tax break
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St Joseph’s snatch win in a thriller
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‘Resurrected’ Mexican headlines start of World Cup
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Infant Colombo football academy gets Portugal call-up
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No visas, Rugby players damned
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Hameed Al Husseinie in historic swimming feat
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PunkaLatha :'Ali manthara' can save the country, and you're the expert - our only hope!
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S P :Government must also seek global expert advice and not just from the local businessman (because of possible conflict of interest of the locals). There must be many overseas experts with excellent experience in similar work. Take Singapore for an example. During its infancy, its forefather Lee Kwan Yew used many foreign consultants for building up his young nation. Just like what we did in successful debt restructuring of 2022 with financial and legal advice obtained from Lazard and Clifford Chance. We must follow that proven formula in this case too.
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NBwillamune :
This type of weather forecast is not useful.
Provincial-level forecasts should be more detailed instead of generalised statements about the whole country.I live in Kandy; I'm not sure about what the forecast is for tomorrow
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Khayyam :Well said. This is one of the biggest things holding us back. Along with the Government (and past Governments), the legal fraternity is also at fault. They benefit from a broken system, and are allergic to any kind of change-let alone innovation.
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Shera :More loans that become tax burdens for every citizen rich or poor. These have to be paid back with interest. The government should reconsider financial decisions and try to be less dependent on loans. More money will be printed to pay it off and will drive up inflation causing the rupee to be significantly worthless.
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Nihal Perera :System change is over due.
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PRAYERS ALL WORKS OUT WELL IN THE RESTRUCTERING :EXCELLENT DECISION AND MAKE SURE NO CORRUPTION IS EVER TO EMERGE ONCE THE AIRLINE IS RESTRUCTURED.
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Nihal Perera :With all professionals governing the country and system changes, can't we do little better.
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Aela :Please keep talking about the climate whiplash and just forget about politics!
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Jayampathi Gunasekera :Hope these type of interventions to protect the independence of the judiciary will be taken by these lawyers (with political affiliation) even in instances where it is unfavourable to them or their political parties. It should not be seen that it is used selectively only when it suits these political affiliated lawyers.
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UN torture prevention body to visit SL again
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Family discovers wrong body after taking it home for burial
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Colombo declared high-risk as dengue cases mount
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Police tighten grip on noisy vehicles and drug-impaired driving
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Who do you think will win the FIFA World Cup 2026?
