Beneficial Ownership Law enacted with TISL’s amendments
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CNL Reporter
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August 9, 2025
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News, Political
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TISL
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TISL says its recommendations to Companies (Amendment) Act, No. 12 of 2025 enhance transparency and public accountability
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One million people use century old Colombo sewers designed to ease 50, 000 – CMC
The century-old Colombo’s sewerage system has been designed to ease the waste materials of the then population of about 50, 000 persons back in the early 1900’s and not a staggering one million city dwellers at present, senior Colombo Municipal Council official said. The planning of the Colombo’s Municipal Council area sewerage system commenced in 1896 with the construction was …
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President Targets Top 200 Tax Evaders in Revenue Drive
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CNL Reporter
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August 8, 2025
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Political
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Tax
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Sri Lanka’s campaign against tax evasion is intensifying, with President Anura Kumara Dissanayake telling Parliament that he holds a list of 200 major tax defaulters owing between Rs. 100–150 billion.
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Australia pledges continued support for Sri Lanka’s economic development
Australia’s Governor-General, Samantha Joy Mostyn, met with President Anura Kumara Dissanayake this afternoon (08) at the Presidential Secretariat in Colombo,
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Customs to Release 991 BYD Vehicles under Court-Approved Conditions
Sri Lanka Customs has agreed to release 991 detained BYD vehicles, following a settlement reached before the Court of Appeal today (7), subject to strict conditions.
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Trump-Putin summit nears
A historic summit between United States President Donald Trump and Russian President Vladimir Putin is expected to take place in the coming days, raising hopes for progress in ending the ongoing conflict in Ukraine. This marks the first official bilateral meeting between the two leaders since President Trump began his second term earlier this year. According to Russian officials, the …
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FIU Penalizes Three Firms for Breaching Money Laundering Laws
The Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka has imposed penalties totaling Rs. 6.5 million on three institutions,
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Governor-General of Australia arrives in Sri Lanka on three-day visit
At the invitation of President Anura Kumara Dissanayake,
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Presidential Task Force to boost tourism development
The Cabinet of Ministers on Monday approved the establishment of a Presidential Task Force to drive the rapid and sustainable development of Sri Lanka’s tourism industry,
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US hits India with 50% tariff over Russian oil
The United States has decided to increase taxes on products from India, raising the total tax to 50%. This is because India is still buying oil from Russia. The new tax will start on August 27, based on an order from President Donald Trump. It is one of the highest taxes the US has ever put on another country. India’s …
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