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Sri Lanka’s Inland Revenue Department (IRD) has surpassed its expected tax collection for the first nine months of 2025, recording 102 percent of the target by the end of September, officials informed the Parliamentary Committee on Ways and Means.
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The President’s Counsel appearing on behalf of Attorney-at-Law Gunaratne Wanninayake yesterday (15) informed the Court that the police had wrongly accused his client of committing an offence under Section 287 of the Penal Code, alleging that he had sung obscene songs at the Mount Lavinia Court premises.
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Former State Engineering Corporation (SEC) Director Nilu Dilhara Wijedasa has been arrested by the Bribery Commission for allegedly misusing state resources to carry out repairs at the United National Party (UNP) headquarters, Sirikotha, in 2019.
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Sri Lanka’s long-running failures in tax policy have worsened the country’s economic collapse and violated the basic rights of its citizens, particularly the right to education, according to a new report by Human Rights Watch (HRW).
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Some Ministers and Deputy Ministers have obtained the fuel allowance which they are entitled for as MPs for some period after assuming of duties as cabinet ministers and deputy ministers, it was revealed yesterday.
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The Hambantota International Port Group (HIPG) has failed to pay nearly Rs.140 million in municipal rates (taxes) due to the Hambantota Municipal Council (HMC) since 2017, Hambantota Mayor D.A. Gamini (SJB) revealed.
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Pakistan and Afghanistan on Wednesday agreed to a temporary 48-hour ceasefire after a day of airstrikes and ground fighting along the border between the two countries that left more than a dozen civilians dead, Reuters reported.
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Within the next decade almost 25 percent of Sri Lankans will be above the age of 60, Minister of Health and Mass Media Dr. Nalinda Jayatissa said, addressing the issue in Sri Lanka’s population growth decline that has been consistent for the past few years.
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Institutions that have already been labelled as corrupt often invite me to deliver lectures on integrity, says Justice Ranga Dissanayake, the Director General of the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).
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Following similar expressions of interest from Russia, China, and France, India has also indicated its willingness to cooperate with Sri Lanka in developing nuclear energy. However, the current government, led by President Anura Kumara Dissanayake, is not yet prepared to proceed with any such project at this juncture, despite the inclusion of nuclear power in the country’s long-term generation plan, a source familiar with the process said.
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U.S. President Donald Trump said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, and Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues.
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Sri Lanka is charting an ambitious course to position itself as a regional leader in the digital economy, building its competitiveness on governance, data protection and artificial intelligence (AI) and defining “trust” as its national value proposition.
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Sri Lanka is experiencing a stronger-than-expected economic rebound but the challenge now is turning this post-crisis recovery into long-term, structurally driven growth, according to the Institute of Policy Studies’ (IPS) ‘Sri Lanka: State of the Economy 2025’ report.
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The Securities and Exchange Commission (SEC) of Sri Lanka plans to significantly expand the nation’s capital market by listing the state-owned enterprises (SOEs), demutualising the Colombo Stock Exchange (CSE) and introducing new financial products such as digital assets, Chairman Senior Professor Hareendra Dissabandara announced yesterday.
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The Colombo Stock Exchange (CSE) witnessed a reversal in momentum today, breaking its recent bullish streak as investor sentiment shifted during midday trading. The market, which opened on a positive note, saw the All Share Price Index (ASPI) gain 82 points early in the session before reversing sharply, declining by 179 points to close the day lower by 80 points.