Sri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscal consolidation, Moody’s Ratings said on Tuesday, a day after the island nation unveiled its budget.

The government has allocated Rs. 3,000 million for digital development as part of its strategy to achieve its ambitious goal of generating US$ 15 billion through the digital economy by 2030.

The Government is proposing to lease underutilized state-owned land to SMEs for productive economic activities under the budget 2025.

The budget 2025 has allocated Rs. 20 billion for national carrier SriLankan Airlines, for the repayment of the principal and interest of its loan.

President Anura Kumara Dissanayake announced plans to establish a state-owned development Bank under 2025 budget proposals to support the country’s small and medium-scale enterprises (SMEs).

The Budget 2025 allocates Rs. 15 billion for higher interest rates to senior citizens.

President Dissayanake, in his budget speech today announced that the government expects to achieve an export revenue of US$19 billion in 2025.

Sri Lanka is aiming for an economic growth of 5 percent in the medium terms President Anura Kumara Dissanayake said presenting the Budget 2025.

Sri Lanka will focus on promoting untapped destinations across the island nation for tourism, President Anura Kumara Dissanayaka said while presenting the budget 2025.

Hasitha Jayawardena, son of late business tycoon Harry Jayawardena, has been redesignated as the Executive Chairman of Melstacorp and Distillaries Company effective 6 February.

Stasshani Jayawardena, daughter of late business tycoon Harry Jayawardena, has been appointed as the new Chairman of Aitken Spence PLC.

The Cabinet has approved awarding the contract for repairing CFM 56-5B engines of SriLankan Airlines to Lufthansa Technik (LHT)/Hamburg for four years.

Sri Lankan corporate leader and executive Deshamanya Kandiah (’’Ken’’) Balendra passed away at the age of 85 today, his family confirmed.

Sri Lankan industrialist and businessman Don Harold Stassen Jayawardena, popularly known as Harry Jayawardena, has passed away at the age of 82.

The country’s airports, including the main gateway Bandaranaike International Airport (BIA), the International Airport (JIA) and the Mattala Rajapaksa International Airport (MRIA), recorded an increase in passenger arrivals and departures in 2024,

President Anura Kumara Dissanayaka said yesterday that though there will be a price increase upon resuming vehicle imports in February, after a five-year pause, the prices will gradually decrease depending on market behaviour.

Netflix will raise prices across a number of countries after adding nearly 19 million subscribers in the final months of 2024.

The Central Bank of Sri Lanka (CBSL) said today that it has completed investigations into various companies suspected of engaging in activities prohibited under Section 83(C) of the Banking Act, No. 30 of 1988 (as amended).

US President-elect Donald Trump has launched his own cryptocurrency, which quickly soared in market capitalisation to several billion dollars.

The Securities and Exchange Commission of Sri Lanka (SEC) has extended the deadline for individuals and entities engaged in corporate finance advisory activities to obtain a licence until March 31, 2025.

ICFS Education Centre will host its University Spot Admission Day on 18th January 2025 at the ICFS Education Centre in Nugegoda.

The taxes on vehicles may increase by up to 600 in some cases and some vehicles being subject to taxes as high as 400% or 500%, the Vehicle Importers Association of Sri Lanka (VIASL) said.

The Finance Ministry announced a 6% increase in Excise Duty on liquor, effective from tomorrow, as per a Gazette notification.

The Ceylon Tobacco Company (CTC) has announced that, following the increase in Excise Duty, cigarette prices will be raised under four categories starting from January 11, 2025.

Port City Colombo celebrated a milestone today with the groundbreaking of the Marina Development, a joint venture between Browns Investments PLC, the strategic investment arm of LOLC Group and China Harbour Engineering Company.

The public consultation session on the Western Province electricity tariff revision will be held at 9 a.m. today at the Bandaranaike Memorial International Conference Hall (BMICH), the Public Utilities Commission of Sri Lanka (PUCSL) announced.

The Sri Lanka Transport Board (SLTB) luxury bus service is now available between Bandaranaike International Airport (BIA) and the Makumbura Multimodal Center (MMC) in Kottawa, providing greater convenience for travellers, the Civil Aviation Authority

The National Audit Office has revealed that the total expenditure of USD 247.7 million (equivalent to Rs. 36,564 million), including price increases and variances, for the construction of the Mattala Rajapaksa International Airport (MRIA) has not bee

Emirates, one of the two flag carriers of the United Arab Emirates (UAE), announced it is all set to officially become the world’s first ‘Autism Certified Airline’.

The Japan International Japan International Cooperation Agency (JICA) assured its commitment to continue providing financial and technical assistance to Sri Lanka.