The rupee weakened against the US dollar in the spot market yesterday, with the indicative exchange rate closing at Rs. 326.92 per dollar compared with Rs. 325.62 previously, amid continued pressure ...

Parliament yesterday passed the controversial Inland Revenue (Amendment) Bill with amendments after the Government refused to ...

Opposition Leader Sajith Premadasa yesterday strongly criticised the Government’s proposed tax reforms, warning that a new clause under the tax law could unfairly criminalise ordinary taxpayers and ...

Governor Dr. Nandalal Weerasinghe says CBSL intervening in timely manner to contain sharp volatility Says planning ahead to avoid much painful adjustments later Accuses speculators of creating ...

Facility structured in two phases for solar and battery energy projects $ 10 m allocated for 100MW Siyambalanduwa solar park equity contribution Balance $ 8 m earmarked for battery storage and ...

HNB Stockbrokers has warned that Sri Lanka’s recently announced fuel subsidy, while manageable in the short term, risks eroding fiscal buffers and complicating commitments under the International ...

The Government yesterday announced an additional Rs. 2.5 billion fertiliser subsidy package for tea smallholders and growers ...

Surcharge applicable on both General and Preferential duty bases Clarifies vehicles imported under LCs opened on or before 15 May will not be subject to new surcharge Deputy Finance Minister Dr. Anil ...

Business leader Hanif Yusoof has announced plans to resign as the Governor of the Western Province to better focus as President Anura Kumara Dissanayake’s Special Envoy on Foreign Direct Investment ...

Sri Lanka’s tourism earnings fell sharply in April, with official data showing the sector’s foreign exchange inflows dropped to their lowest monthly level in nearly three years, underscoring mounting ...

Hayleys Co-Chairman Dhammika Perera (right) along with Chairman and Chief Executive Mohan Pandithage (second from left) view operations at DPL’s newly commissioned automated glove manufacturing ...