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Ceylon Association of Shipping Agents (CASA) has gifted 100 bicycles to the port
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The Government has decided to increase the Value Added Tax (VAT) from 8% to 12% and the Telecommunications Levy from 11.23% to 15%. The Prime Minister’s Office said that Sri Lanka introduced a low tax regime in late 2019. The reforms included the reduction of tax rates of Value Added Tax, Personal Income Tax (PIT) […]
The headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100), soared to 39.1% in May from 29.8% in April this year, the Statistics Department of the Central Bank of Sri Lanka says.
Plans to raise Rs195bn a year
Cash-strapped Sri Lanka on Tuesday announced steep, across-the-board tax hikes to shore up revenue as the country suffers its worst economic downturn and seeks an IMF bailout.The post Bankrupt Sri...Click on the headline to read the full story
Major General Vikum Liyanage has been appointed as the 24th Commander of the Sri Lanka Army by President Gotabaya Rajapaksa. Major General Vikum Liyanage received his official letter of appointment from President Gotabaya Rajapaksa at the President’s House, Colombo, today (31). Vikum Liyanage , the most Senior Officer in the Army will be elevated to […]
President Gotabaya Rajapaksa has brought Sri Lanka Telecom (SLT), the Board of Investment (BoI) and the Port City Economic Commission under him through a gazette notice. The gazette specifies the duties and functions of the current Ministries and institutions allocated for each Ministry. Accordingly, a number of State institutions have been taken under the Defence […]
A travel ban has also been imposed on the former MP.
The Ministry of Education said the incident had taken place on last Wednesday (25).
Prior to the appointment, Silva served as acting Chief of Defense Staff during the COVID-19 pandemic.
"It’s the overall uncertainty in the system," a market analyst said.
The Value Added Tax (VAT) has been increased from 8% to 12% with immediate effect, announced the Office of the Prime Minister today (May 31).The post Sri Lanka increases VAT to 12% &...Click on the headline to read the full story
Sri Lanka is to seek assistance from Paris Club lenders and the G7, Minister of Foreign Affairs Professor G.L. Peiris said. Foreign Minister Peiris requested continued support from Japan, both bilaterally and through multilateral channels, to mitigate the economic challenges in Sri Lanka. Minister Peiris explained that the Government of Sri Lanka will seek assistance […]
More diesel arrived in Sri Lanka from India as part of the assistance offered to Sri Lanka by India. A shipment of 40,000 MT of diesel supplied under Indian assistance reached Colombo last evening, the Indian High Commission in Colombo said today. On 23 May 40,000 MT of petrol arrived in Sri Lanka from India […]
Food prices up 57-pct over 12-months and 86-pct since inflationary policy began in Aug 2019
The Public Utilities Commission of Sri Lanka (PUCSL) has approved the Ceylon Electricity Board s request for power interruptions from the 02nd to 05th of June, the chairman of electricity sector regulator Janaka Ratnayake says.
Daily power cuts will be further reduced to one hour in the next few days, the PUCSL said.
Media reports showed long queues still in Badulla, Polonnaruwa, Nuwara Eliya and Hatan areas.
Major General Vikum Liyanage has been appointed as the new 24th Commander of the Sri Lanka Army by President Gotabaya Rajapaksa today (May 31).The post Vikum Liyanage appointed as the 24th Army...Click on the headline to read the full story
Major General Vikum Liyanage was appointed as the 24th Commander of Sri Lanka today (May 31), President s Media Division (PMD) says.
42 Department, Statutory Boards and State Corporations including the Sri Lanka Telecom (SLT), Board of Investment (BOI) and the Colombo Port City Economic Commission have been gazetted under the...Click on the headline to read the full story
Sri Lankan Prime Minister Ranil Wickremesinghe has proposed to amend a number of financial acts to increase the revenue of the government.The post Cabinet approves Prime Minister Ranil...Click on the headline to read the full story
The cabinet of ministers had given the go ahead to publish the revised GDP numbers from 2015
ECONOMYNEXT – Sri Lanka’s stock market plunged over 1.5% within the first hour of trade on Tuesday (31) following the announcement of the Cabinet to hike taxes back to 2019 levels and the questions on what will happen next, market participants said.The main All Share Price Index fell 1.07 percent or 154.04 points to 8,077.29 at 1130 hrs.The most liquid S&P SL20 slipped 1.93 percent...
Sri Lanka’s Cabinet of Ministers approved the proposal to submit a supplementary estimate to the Parliament for the provision of Rs. 695 billion under the “Budget Assistance Services and Emergency...Click on the headline to read the full story
"It's okay to criticise us, but we ask that you do not discourage farmers from growing," he said.