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Many households risk falling into poverty - World Bank

Sri Lanka, Oct. 12 -- . Around a third of the population is either poor or at risk of poverty . Creating jobs, managing inflation, targeted subsidies and efficient service delivery vital The World B... Read More


Construction sector expansion still not at pre-2019 level

Sri Lanka, Oct. 12 -- Dearth of workers hampers progress The Sri Lanka Purchasing Managers' Index for Construction as shown by the Total Activity Index rose to 61.1 in August, indicating a continuous ... Read More


IMF calls upon Govt to fast-track pending debt deals

Sri Lanka, Oct. 12 -- - Urges speeding up governance reforms - Need for Budget 2026 to fall in line with EFF program parameters stressed - Prioritise anti-corruption efforts The IMF delegation wrappi... Read More


Laugfs Gas sets the record straight

Sri Lanka, Oct. 12 -- Laugfs Gas PLC said neither the operations nor the financial position of it or its subsidiaries have been affected by the recent developments on its Dubai entity Slogal Energy DM... Read More


RTI Act has put a spoke on the wheel of corruption Right to Information Commission Chairman

Srilanka, Oct. 5 -- Underhand deals decline in institutions from which information was sought More transparency and accountability in organisations The Right to Information Commission of Sri Lanka wil... Read More


New VAT refund scheme, not the standard VAT system - IRD

Srilanka, Oct. 5 -- Exporters believe that the SVAT system was abolished to bring back the old system New risk-based refund scheme to facilitate timely and efficient VAT refunds The new VAT system tha... Read More


More collaboration in the pipeline - Maldives Ambassador

Sri Lanka, Sept. 28 -- Sri Lanka-Maldives relations will be stronger as it had been irrespective of what goes around, said High Commissioner of the Republic of Maldives, Masood Imad. "Our relations w... Read More


Scrapping SVAT will ring death knell to industry, say exporters

Sri Lanka, Sept. 28 -- Call to defer repealing Need to avoid 'carpet bombing' stressed Industry chambers and associations flashed warning lights at the authorities to make a last minute change to thei... Read More


Pharma industry calls to extend buy back agreement

Sri Lanka, Sept. 28 -- Sri Lanka's pharmaceutical industry is dominated by imported products meeting over 80% of market demand while local manufacturers are struggling to penetrate the private market.... Read More


Central Bank will never compromise independence - CBSL Governor

Sri Lanka, Aug. 31 -- The Central Bank of Sri Lanka (CBSL) defended its autonomy in carrying out its mandate to achieve price and financial stability from political interference as it marked its 75th ... Read More