CNL Reporter, Author at Colombo News Line

Sri Lanka ushers in 2025 with relief measures for the people

CNL Reporter
December 30, 2024
Political
Sri Lanka ushers in 2025 with relief measures for the people
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News of the Day

Government unveils tax reforms amid IMF scrutiny for public relief

CNL Reporter
December 30, 2024
Political
Government unveils tax reforms amid IMF scrutiny for public relief
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The new government has announced some tax reforms as an immediate relief to the people and the micro, small, and medium-scale businesses hit by high inflation and cost of living during the previous regime.

ADB extendsUS $5.3 bn for 179 Public- Private Projects

CNL Reporter
December 30, 2024
Banking and Financial
ADB extendsUS $5.3 bn for 179 Public- Private Projects
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Successive Sri Lanka governments have implemented 179 projects during the past 33 years with Asian Development Bank (ADB)

Committee appointed to review state statutory institutions for efficiency

CNL Reporter
December 30, 2024
Political
Committee appointed to review state statutory institutions for efficiency
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The Sri Lankan government has formed a committee to comprehensively review all non-commercial state statutory institutions in the country,

WHT imposed on depositors below lower-income brackets to be refunded.

The government is formulating a mechanism to provide relief to depositors who had to pay 10 percent withholding tax whereas they earn less than Rs. 150,000 deposit interest a month,

S. Korea funds Rs. 2.4 Bn project to boost tourism in Sigiriya

CNL Reporter
December 29, 2024
Investment
S. Korea funds Rs. 2.4 Bn project to boost tourism in Sigiriya
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The Korea International Cooperation Agency (KOICA) has proposed a special initiative to enhance conservation efforts at Sigiriya, a UNESCO World Heritage site, and boost its tourism attraction.

Vegetable prices surge across the country

CNL Reporter
December 29, 2024
Business News
Vegetable prices surge across the country
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The prices of vegetables have risen sharply in several economic centers this week compared to the previous week, causing concerns among consumers and traders alike.

Customs clear 75,000 MT of imported rice

CNL Reporter
December 29, 2024
Business News
Rice
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The Sri Lanka Customs have cleared 75,000 metric tons of imported rice as of December 29, following the government’s move to allow rice imports without permits.

179 people feared dead In South Korea plane crash

CNL Reporter
December 29, 2024
Aviation news
179 people feared dead In South Korea plane crash
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A Jeju Air plane veered off the runway and collided with a fence in South Korea’s Muan city on Sunday.

Defence forces will be employed exclusively for primary role of military assignments: Govt.

CNL Reporter
December 29, 2024
Political
Defence forces will be employed exclusively for primary role of military assignments: Govt.
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The defence forces will be employed exclusively for their primary role of military assignments in defending the country, Defence Secretary Air Vice Marshal Sampath Thuyacontha (Retd) said.