The state coffers have been deprived of billions of rupees, as Sri Lanka Customs (SLC) officers enjoy unfair benefits in penalties related to customs offenses and overtime pay, a special audit carried out by the Auditor General on the management/administration of various funds in SLC revealed.
In the wake of plans by tech baron Elon Musk to visit Sri Lanka later this year, the government has initiated the process of evolving fresh regulations to facilitate the launch of Starlink satellite internet service, a Minister said yesterday.
In an effort to support blended finance projects focused on climate change adaptation and mitigation, Sri Lanka proposed a 10 percent levy on the annual profits of global tax evasion assets deposited in tax havens.
A delegation comprising officials representing Thai agencies and private sector is in Sri Lanka to explore feasibility and understand the potentials in future cooperation and investment in renewable energy, particularly in the electricity generation in Sri Lanka.
NPP leader Anura Kumara Dissanayake is ready to participate in the proposed debate with Samagi Jana Balawegaya (SJB) leader Sajith Premadasa on June 6, NPP Executive Committee member Dr. Nalinda Jayatissa said today.
A Pakistani woman who arrived from Abu Dhabi this morning was arrested by the Customs Narcotic Control Unit at the Katunayake International Airport (BIA) while attempting to smuggle into the country a stock of 02.450 kilograms of heroin.
The Colombo District Court today issued an enjoining order preventing Minister Wijeyadasa Rajapakshe PC and Attorney-at-Law Keerthi Udawatta from functioning as Sri Lanka Freedom Party (SLFP) Chairman and party Acting General Secretary respectively.
The Sri Lanka Podujana Peramuna (SLPP) has not requested President Ranil Wickremesinghe to hold a general election first but only conveyed the opnion of the SLPP to the President, SLPP General Secretary Sagara Kariyawasam said today.
The businessman from Colombo 7 who was arrested and remanded over the alleged assault on Iranian Ambassador Dr. Alireza Delkhosh at the Colombo City Center (CCC) car park, has been further remanded till May 22.
Responding to speculations made on the political platform that a general election will precede a Presidential election, Samagi Jana Balawegaya (SJB) MP Harshana Rajakaruna today urged the authorities to hold the Presidential and General elections simultaneously.
Recognising the efforts of Bodu Bala Sena (BBS) General Secretary Ven. Galaboda Atte Gnanasara Thera in promoting national unity and social support, the Chief Prelates of the Malwathu, Asgiri, Ramanna Nikaya, and the Amarapura Maha Sangha Sabha have appealed to the President to grant Ven. Gnanasara Thera a pardon on Vesak Poya day.
Outstanding credit card balance of the licensed commercial banking sector has little changed in March from February despite an uptick signaling the trend that would follow as the consumers grow more optimistic about the economy. The interest rates have fallen to single digit levels.
The revenue to the government, including the grants, rose by a staggering 61.8 percent in January 2024. This is a result of the government raking in billions of rupees out of people’s pockets to appease the International Monetary Fund’s revenue targets.
CBSL further eases monetary policy stance
CBSL’s single policy interest rate mechanism comes into effect today
Sri Lanka Economic Summit in January 2025
Industries Ministry public day re-launched after four years