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Gains arising from the sale of certain motor vehicles will no longer be treated as taxable income under a series of amendments introduced through the Inland Revenue (Amendment) Act, No. 11 of 2026, the Inland Revenue Department (IRD) announced.
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Normal operations have resumed at the Pentagon after the building was earlier placed on lockdown following the detection of an ’’air quality issue’’ that sent hazardous material (hazmat) response teams to the scene.
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Nearly one in four Sri Lankan workers are exposed to generative artificial intelligence (AI), with professional and office-based occupations facing the greatest risk of disruption, prompting the government to place AI at the centre of its economic transformation strategy.
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Sri Lanka will next week unveil a five-year national export strategy aimed at nearly doubling export earnings to US$36 billion by 2030, as the government seeks to shift the economy onto a stronger export-led growth path and reduce its dependence on domestic demand and external borrowing.
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As Sri Lanka pursues an ambitious target of 2.5-3 million arrivals this year, Jetwing Hotels Chairman Hiran Cooray expressed cautious optimism for the upcoming winter season while warning of a highly challenging summer.
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With 104 matches spread across the United States, Canada, and Mexico, most group stage kickoffs fall in the early hours of the morning in Sri Lankan Standard Time. You cannot watch everything, so the question becomes: which matches are worth setting the alarm for?
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The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs, according to the World Bank Group’s latest Global Economic Prospects report.
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Multiple floors and corridors inside the Pentagon have been locked down and others are being evacuated due to a “hazardous materials incident,” three sources familiar and the local fire department said.
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The best, biggest and most looked forward to football World Cup kicked off in Mexico City today as renowned singer Shakira struck the vocal cords with the official song titled Dai Dai, an Italian expression meaning “come on, come on” after which the host Mexico played against South Africa in the curtain raiser. As many as 11 cities will also host matches in the USA with Canada showcasing two host cities and Mexico three.
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The Colombo Stock Exchange (CSE) extended its losses on Thursday, with both benchmark indices closing lower as escalating tensions in the Middle East continued to dampen investor sentiment. Persistent geopolitical uncertainty and concerns over its potential economic implications kept investors on the sidelines, resulting in subdued trading activity and broad-based selling pressure across the market.
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British defence minister John Healey quit on Thursday in a dispute over military spending, accusing Prime Minister Keir Starmer of failing to commit the resources that are needed to keep the country safe from heightened threats.
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President Donald Trump said on Thursday the United States would hit Iran ’’very hard tonight’’ and wanted at some point to take Iran’s oil infrastructure hub Kharg Island, after tit-for-tat strikes in the Gulf undermined a shaky ceasefire.
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The Horana Magistrate’s Court today (11) ordered the release on bail of the owner of the ’’Mawpiya Sewana Senehase Kädella’’ elders’ home in Batagoda, Horana, who had been arrested and remanded in custody following a recent fire at the facility.
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The deadline for submitting Expressions of Interest (EOIs) for the “Project of Investments to Utilize Resources of Mattala Rajapaksa International Airport (MRIA)” has been extended until July 9, 2026, offering prospective investors additional time to participate in one of Sri Lanka’s key aviation development initiatives.
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Ceylon Teachers’ Union (CTU) General Secretary Joseph Stalin has alleged that the present government, despite coming to power promising systemic change, is no different from previous administrations when it comes to the education sector.
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While welcoming the resumption of the long-awaited Colombo–Jaffna train services, Sri Lanka Podujana Peramuna (SLPP) Jaffna District Organizer Geethanath Cassilingam has urged authorities to address concerns over inconvenient train schedules and difficulties faced by the public in obtaining tickets.
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The United Nations’ Humanitarian Priorities Plan (HPP) launched to assist communities affected by Cyclone Ditwah was officially concluded at a ceremony held in Colombo this morning (11), attended by Commissioner General of Essential Services and Chief of Staff to the President Prabath Chandrakeerthi and United Nations Resident Coordinator in Sri Lanka Marc-André Franche.