Govt set to introduce property tax in 2027
The government has agreed to introduce a nationwide property tax in the first half of 2027, according to the latest staff report issued by the International Monetary Fund (IMF).
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Sri Lanka Revives Tourist VAT Refund Scheme to Boost Spending and Formal Retail Growth
NEWS OF THE DAY
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Accidents Emerge as Top Cause of Hospitalization in Sri Lanka
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CNL Reporter
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July 8, 2025
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News
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Sri Lanka
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Accidents have become a major public health crisis in Sri Lanka, causing around 12,000 deaths annually, with 3,000 occurring after hospitalization, according to the Ministry of Health and Mass Media.
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Colombo Dockyard plans Rs12.9bn rights issue on Mazagon take-over
Sri Lanka’s Colombo Dockyard said it will offer 323 million shares at 40 rupees to existing shareholders,
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Adani Green Energy Seeks Reimbursement after Wind Power Project Exit
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CNL Reporter
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July 8, 2025
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News
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Adani
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India’s Adani Green Energy has requested reimbursement from the Sri Lankan government following its
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Vehicle Revenue Licence system temporarily off
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CNL Reporter
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July 8, 2025
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News
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Licence
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The Information and Communication Technology Agency of Sri Lanka (ICTA) yesterday announced the temporary unavailability of the vehicle Revenue Licence system (eRL 2.0).
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SC Orders Police Officer to Compensate Farmers for Unlawful Arrest
The Supreme Court today (July 7) ruled that the Officer-in-Charge of the Aralaganwila Police, S.M.L.R. Bandara, must personally compensate two farmers by paying Rs. 30,000 each for their unlawful arrest and detention. The judgment was delivered following a fundamental rights petition filed on behalf of residents of Kalukele, situated along the Mahiyanganaya–Polonnaruwa main road, an area severely affected by the …
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100 ‘Suposha’ outlets to be established nationwide
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CNL Reporter
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July 5, 2025
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News
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Suposha
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Sri Lanka Thriposha Limited (SLTL) has announced plans to establish 100 ‘Suposha’ outlets across the country in the near future.
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CBSL further extends Perpetual Treasuries’ suspension
The Central Bank of Sri Lanka (CBSL) has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further period of six months.
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Over 300 suspects involved in illegal activities arrested in special joint operation
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CNL Reporter
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July 5, 2025
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News
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operation
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Over 300 individuals involved in illegal drug-related and other unlawful activities were arrested during a special large-scale search operation jointly conducted by the Sri Lanka Police,
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