The Government is in the process of formulating a mechanism to provide relief to depositors earning less than Rs 150,000 in monthly deposit interest,
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The non-contributory nature of Sri Lanka’s Public Services Pensions (PSP) scheme has become a significant burden on the country,
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Coconut industry-based authorities are looking at the possibility of imposing the “essential commodity” tag on coconuts in a bid to contain prices at levels as indicated by the government.
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Public sector lender Indian Bank Ltd. said the financial intelligence unit of the Central Bank of Sri Lanka (CBSL) has imposed a monetary penalty of Rs. 2 million (INR 5.85 lakh) on the bank for failing to comply with the provisions of Sri Lanka’s Financial Transactions Reporting Act. The penalty pertains to non-conformity with the regulatory framework under the FTRA …
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The 2,000,000th tourist for 2024 arrived today at 10:49 AM at the Bandaranaike International Airport on flight UL 403 from Bangkok.
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Sri Lanka’s export sector achieved significant milestones in the first 11 months of 2024, with total export earnings crossing $14.78 billion, reflecting a 6.44% year-on-year (YoY) growth.
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The government has taken steps to regulate private hospitals as people have faced serious issues when seeking treatment from private hospitals, Cabinet spokesman Minister Dr. Nalinda Jayatissa said today.
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Sri Lanka’s Cabinet has approved awarding the contract to purchase 6 shipments of Murban type of crude oil from April 1, 2025 to August 31, 2025 to Aditya Birla Global Trading (Singapore) Pte Ltd, a government statement said.
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Making a fresh approach towards the stagnating tax issue of staggering Rs.5.8 billion defaulted by the local liquor giant W. M. Mendis and Co. Ltd. the newly appointed Excise Chief has proposed a way-out to settle 50% of the arrears to reactivate its suspended production licence, the Daily Mirror learns.
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There will be a definite salary increase for government sector employees, including teachers, by next year, Deputy Minister of Economic Development Anil Jayantha Fernando said.
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