Sri Lank’s trade deficit hits a 12-year low in 2022
The deficit in the trade account in 2022 narrowed to the lowest level since 2010 to $ 5,185 million, from $8,139 million recorded in 2021. Earnings from exports in 2022…
Sri Lanka targets UAE, Saudi Arabia in global tea promotion campaign
Arabnews:Sri Lanka’s tea industry is planning a global promotional campaign targeting its main export destinations, including the UAE and Saudi Arabia, as the crisis-hit country looks to attract additional foreign…
COPA Pushes for proper implementation of the Revenue Administration Management Information System (RAMIS) at IRD
Several new proposals were proposed by the Committee on Public Accounts (COPA) to make the work of the Inland Revenue Department more efficient including proper implementation of the Revenue Administration…
USAID Commences 5-Year Ocean Plastics Reduction Project in Sri Lanka and Maldives
The United States Agency for International Development (USAID) announced the official launch of a planned 5-year project in Sri Lanka and Maldives to reduce environmental plastics by decreasing the industrial…
Inland Revenue (Amendment) Act comes into force from today
Speaker Mahinda Yapa Abeywardena today (19) endorsed the certificate on the Inland Revenue (Amendment) Bill which was passed by a majority of votes after debate in Parliament. Following the debate…
Government Considering acquiring underutilized land owned by Regional Plantation Companies
Minister of Plantation and Industries Ramesh Pathirana stated that attention has been directed towards taking over underutilized land owned by large-scale plantation companies and the proposal regarding the said has…
Sri Lanka’s health crisis :Urgent action is needed to maintain vital services
By Shashika Bandara and Inosha Alwis Sri Lanka is facing a severe political and economic crisis, and the health system is at risk of collapse. The crisis has been caused by…
Sri Lanka’s Central Bank threatens administrative measures to bring down market rates
(Reuters) – Sri Lanka’s central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with its policy rates and the…
Ceylon Chamber makes clarion call for independence of Central Bank
The Ceylon Chamber of Commerce (CCC) is firmly of the view that institutions such as the Central Bank of Sri Lanka should be allowed to function independently in performing its…
New Incentive package needed to attract investments– Ministerial Consultative Committee on Investment Promotion
The Ministerial Consultative Committee on investment Promotion advised the Board of Investment of Sri Lanka (BOI) to clearly communicate to the Central Bank of Sri Lanka (CBSL) and the Treasury…