Parliament yesterday passed the controversial Inland Revenue (Amendment) Bill with amendments after the Government refused to withdraw penal provisions criminalising certain tax compliance failures, despite strong Opposi

The Central Bank of Sri Lanka (CBSL) expects nearly $ 1 billion in inflows from multilateral agencies to provide additional bandwidth to stabilise the exchange rate, as the rupee comes under pressure from

Sri Lanka’s trade, export, and foreign direct investment (FDI) agenda is suffering from a lack of ambition, urgency, and strategic coordination at a time when rival Asian economies are moving aggressively to secure inves

After more than a decade of discussions, and week of speculation, the Government yesterday officially announced the launch of PayPal services in Sri Lanka, marking a significant development in the country’s digital econo

Sri Lanka’s tourism industry has played down concerns over recent remarks by Indian Prime Minister Narendra Modi urging citizens to avoid non-essential overseas travel and destination weddings abroad over the coming year

The Government yesterday announced plans to triple Sri Lanka’s economy to $ 300 billion by transforming the critical small and medium enterprise (SME) sector via the first-ever National SME Strategy Framework. The Framew

The hotel industry yesterday warned that the country risks losing billions in potential revenue, unless authorities urgently address mounting policy delays, foreign exchange leakages, weak regulation and the absence of s

Amid rising inflation, recent tax policy changes to widen the net and increase rates, and the electricity tariff hike this week, Central Bank of Sri Lanka (CBSL) Deputy Governor Dr. Chandranath Amarasekara has

The Public Utilities Commission of Sri Lanka (PUCSL) has approved an 18% increase in electricity tariffs for the second and third quarters of 2026, which will come into effect from today (11), with the electricity regula

Visiting Vietnamese President Tô Lâm addressing Sri Lanka’s Parliament yesterday shared lessons from the country’s transformation into an economic miracle.