The government is reportedly looking at the possibility of procuring US West Texas Intermediate (WTI) crude oil in a bid to reduce the trade deficit between Sri Lanka and the United States.
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The state revenue has surged to Rs. 1,942.36 billion during the first five months of 2025, marking a 19.95%
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President Anura Kumara Dissanayake and representatives of the International Monetary Fund (IMF) have held
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In a major stride toward digital governance, Sri Lanka’s Information and Communication Technology Agency
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The Department of Immigration and Emigration (DIE) has granted a second extension to bidders for its tender to personalise ePassports.
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Funding from China’s Export-Import (Exim) Bank could resume by September or October to continue the construction of the long-delayed Central Expressway Project (CEP), the Road Development Authority (RDA) announced. RDA Chairman T. Paskaran confirmed that negotiations with the bank were ongoing, in the aftermath of disbursements being suspended due to Sri Lanka’s economic crisis. “Negotiations with the donor are currently …
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In a controversial move likely to impact online payments and digital commerce, Sri Lanka will impose an 18 percent Value Added Tax (VAT) on foreign financial platforms such as PayPal,
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Sri Lanka’s government revenue collection showed strong momentum in May 2025, recording Rs. 486 billion—the highest monthly figure so far this year.
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Sri Lanka has given a 25-year tax holiday, and the next 10 years at half the rate, to IFC Colombo 1 (Pvt) Ltd, which will develop a mixed use plot in the Colombo Port City.
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Sri Lanka’s Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has revealed that it received
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