The Supreme Court yesterday rejected a request for petitions challenging the proposed 22nd Amendment to the Constitution to be heard before a full bench, with the record 67 challenges set to proceed before the existing f

Sri Lanka is preparing to fundamentally reshape its tourism model, shifting the focus from simply increasing visitor numbers towards extracting greater economic value from each tourist, retaining more

Sri Lanka’s tourism recovery has lost momentum, with year-to-date (YTD) arrivals falling nearly 2% year-on-year (YoY) despite crossing the 1.5 million milestone, putting renewed pressure on the upwardly revised target of

By Devan Daniel Frontier Energy Network will take Sri Lanka’s newly launched oil and gas licensing round to the international upstream market through a targeted campaign aimed at connecting the country with global operat

Sri Lanka is facing a fresh export competitiveness challenge in the European Union (EU) as the recently concluded EU-India Free Trade Agreement (FTA) is expected to give Indian products significant tariff

The new anti-money laundering (AML) regime widens potential criminal liability for bank managers and other financial-sector employees who knowingly handle or facilitate transactions involving illicit funds, Supreme Court

THE New Democratic Front (NDF) MP and former Finance Minister Ravi Karunanayake yesterday said that the National People’s Power (NPP) Government is set to face next month’s IMF evaluation trapped in a risky paradox as th

The Committee on Public Finance (CoPF) has exposed a series of unresolved technical and implementation roadblocks in the Inland Revenue Department’s (IRD) planned digital point-of-sale (POS) and real-time Value Added Tax

By Charumini de Silva Sri Lanka Tourism yesterday announced launching a Rs. 1.5 billion interim tourism promotion campaign covering six priority markets, as the Government seeks to revive long-delayed international desti

The Government’s proposed 22nd Amendment to the Constitution faces an immediate test before the Supreme Court and further resistance in Parliament, after several petitions were filed within hours of its tabling yesterday