The Chamber of Mineral Exporters (CME), representing exporters and explorers of quartz, graphite, mineral sands, and mica, said the recently unveiled National Mineral Policy is a welcome first step but

Sri Lanka’s Inland Revenue Department (IRD) has made significant progress after years of neglect, but its reform drive faces structural hurdles that could undermine the sustainability of tax administration improvements u

The resilience of Sri Lanka’s financial system can no longer be measured by capital, liquidity and profitability alone, with policymakers and financial institutions needing to adapt to an era where geopolitical tensions,

Treasury officials on Tuesday (14) signalled that Sri Lanka’s next phase of International Monetary Fund (IMF)-backed fiscal reforms will shift from raising taxes to modernising tax administration, with officials revealin

The banking sector channelled an estimated 70% of last year’s credit expansion into productive sectors, Hatton National Bank (HNB) Managing Director/CEO Damith Pallewatte said yesterday, arguing that the resurgence in

President Anura Kumara Dissanayake has signalled that industrial transformation, export competitiveness, public sector efficiency, and a more targeted role for the Government in economic development will be key themes as

The Court of Appeal has directed the Attorney General to obtain an explanation from a senior Sri Lanka Customs official after expressing serious concern over statements made to Parliament’s Committee on Public Finance (C

Sri Lanka’s fiscal position strengthened further during the first five months of 2026, with the Government posting an overall Budget surplus of Rs. 197.34 billion, reversing a deficit of Rs. 236.63 billion in the corresp

The Parliamentary Committee on Public Finance (CoPF) has concluded that systemic governance, procedural and operational failures across multiple State institutions significantly heightened the risk of the $ 2.5 million c

Sri Lanka’s efforts to strengthen its anti-money laundering framework sparked a broader constitutional debate in Parliament yesterday, with Opposition lawmakers warning that provisions in three key financial crime Bills

Sri Lanka risks losing ground in the race for foreign direct investment (FDI) because its tax incentive regime is no longer fit for purpose under the Organisation for Economic Co-operation and Development’s (OECD) Base E