Despite the recent achievements in tax revenue, Sri Lanka’s target for the next two years still remains ambitious, with a limited number of tax policy options being available, an International Monetary Fund (IMF) official said.

The Intentional Monetary Fund (IMF) announced the completion of the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the Sri Lanka to draw SDR 254 million (about US$336 million).

The implementation of the shortened settlement cycle for equity trades by the Colombo Stock Exchange (CSE) has been successful, Sri Lanka’s capital market operator said. The effort was executed with the first settlement under the T+2 cycle taking p

The industrialists are gradually adding heft to their industries, due to the normalising local economic conditions and global supply chain conditions, as industrial production in Sri Lanka made continuous gains through April. In April, Sri Lanka’s

The Planters’ Association of Ceylon (PA) yesterday said it would stand its ground and not agree to pay the sudden wage increase to the plantation sector as announced on May Day. Stating it has “no option”, the PA yesterday issued a statement a

The ASPI edged down as a result of price losses in counters such as Hatton National Bank, SMB Leasing nonvoting and John Keells Holdings with the turnover crossing Rs 1.6 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and insti

The Central Bank fully accepted the total offered of Rs.215.0 billion at yesterday’s weekly bill auction while the auction yields saw an uprise across the board for the second consecutive session. Accordingly, the weighted average yield rate of th

Dialog Enterprise, the corporate ICT solutions arm of Dialog Axiata PLC, hosted Enterprise Day 2024, an interactive product and solutions experience session for the industry’s leading executives and entrepreneurs. Held under the theme of ‘Growth

The National Chamber of Exporters of Sri Lanka (NCE) has called for a thorough investigation into the incident involving MP Jeevan Thondaman and his associates at Pedro Estate on May 30. The NCE in a statement expressed deep concern over reports and

Groundworth Partners, a company in Sri Lanka’s real estate sector offers exceptional properties that exceed one’s expectations. Their thorough process ensures every offering meets the highest standards. This includes prioritising legal security

Wavenet, a leading provider of enterprise and SaaS solutions catalysing innovations at the intersection of artificial intelligence and digital transformation, recently partnered with NCINGA, a global Systems Integrator. This collaboration aims to de

Nobel Biocare, a global leader in innovative implant-based dental restorations announced its official launch in Sri Lanka. This marks the first time our prestigious brand, renowned for its rich history and deep clinical expertise, will be available i

At the recently concluded Asia Pacific Property and Hotel Awards 2024 held in Thailand, Capital Trust Properties was honoured in the ‘Property Agency /Consultancy Sri Lanka’ category with 5-star rating. The coveted awards ceremony is the regiona

The 11th annual CFA Society Sri Lanka Capital Market Awards is scheduled to be held on June 18 at Cinnamon Grand, Colombo. This year’s event will be held under the theme of ‘The Power of Public-Private Partnerships’, focusing on the current st

Several people on social media now comment negatively about how the current President handled the 2022 political and economic crisis. None of them can deny that we were in a dire economic and political crisis, and we desperately looked to the world

President Ranil Wickremesinghe recently embarked on an inspection tour of Ambewela Dairy Farm. Upon his arrival, President Wickremesinghe was warmly received by the Management Committee, of Ambewela Dairy Farm, along with the staff. The President i

Sri Lanka needs to put together a cohesive and comprehensive set of regulations and standards when it comes to advertising, marketing and communications and this should be done in consultation with various stakeholders in the industry, highlighted Th

The Executive Committee of Ceylon Association of Shipping Agents (CASA) toured the Hambantota International Port (HIP) last week.  The visit was to strengthen relations between CASA and HIP, foster collaboration, and explore future opportunities th

The government is yet to finalise the legal framework for the proposed wealth and property tax, which is set to come into effect from 2025. “The understanding behind the wealth tax is that in countries such as Sri Lanka, wealth is accumulated by wa

The Inland Revenue Department (IRD) is aiming to specially target the high-net-worth individuals to boost tax revenue in the coming period, a senior Finance Ministry official said. “Large taxpayers and high-net-worth individuals are the centre poin

Optimising the financing streams across the private and public sectors is key for Sri Lanka’s journey to sustainably recover from its economic crisis, United Nations Development Programme Sri Lanka Resident Representative Azusa Kubota said. From t

Sri Lanka will be able to further strengthen its ties with Malaysia, with the Cabinet of Ministers this week giving the nod to commence the negotiations for a free trade agreement (FTA) between the two countries.

Sri Lanka is optimistic about a favourable outcome from the International Monetary Fund’s (IMF) second review, under the Extended Fund Facility (EFF), State Minister of Finance Shehan Semasinghe said.

Corporate earnings of Sri Lanka’s public quoted companies showed mix results in the first quarter of this year (1Q24).

Sri Lanka ranks 165th out of 185 countries for its female workforce participation, according to data by the World Bank and International Labour Organization (ILO). With a female labour

The percentage of the computer literate population in Sri Lanka has been gradually increasing over the recent years. However, the digital divide still exists. A survey conducte

FPA Sri Lanka’s Social Enterprise Acceleration Programme (SEAP) project has won for the second consecutive year at the National Project Management Excellence Awards (NPME 2024), held recently at Galadari Hotel, Colombo.

Digital education platform publiclearn.lk will be launched by President Ranil Wickremesinghe on July 13, 2024, at the Presidential Secretariat, enabling Sri Lankans to find free courses and achieve their educational and professional go

The Belt & Road Initiative Sri Lanka (BRISL) invited Sri Lankan start-ups to sign up for the Global Entrepreneur