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VAT to drive one-third of govt.'s Rs.922bn revenue increase in 2025

Sri Lanka, April 1 -- Nearly one-third of a Rs.922 billion rise in the government's revenue projection for 2025 is expected to be driven by the value added tax (VAT), an analysis conducted by local an... Read More


Only 46% of working-age population issued TIN numbers: IRCA

Sri Lanka, March 27 -- The Inland Revenue Commissioners' Association (IRCA) yesterday revealed that only 46 percent of Sri Lanka's working-age population-those above 18 years-have been issued the mand... Read More


Sri Lanka among top Eid getaways for Omani travellers

Sri Lanka, March 26 -- Sri Lanka has emerged as one of the most sought-after international destinations for travellers in Oman this Eid season, according to Travel and Tour World (TTW). With Oman's E... Read More


Sri Lanka & Thailand to review progress in trade and tourism ties in Bangkok

Sri Lanka, March 24 -- Sri Lanka is set to review the progress of its trade, investment and tourism relations with Thailand at the bilateral discussions scheduled for March 25, the Foreign Affairs Min... Read More


Sri Lanka & Australia to discuss economic and maritime cooperation this week

Sri Lanka, March 24 -- Sri Lanka and Australia are set to take stock of their economic partnership and maritime cooperation as they convene the 05th Round of Senior Officials Talks and the 03rd Strate... Read More


ADB urges Sri Lanka to fast-track sustainable finance to attract global investment

Sri Lanka, March 20 -- Sri Lanka must accelerate the adoption of sustainable financing frameworks to attract the global investors and strengthen its long-term economic resilience, the Asian Developmen... Read More


IMF alone won't save Sri Lanka - reforms are vital, says Dr. Coomaraswamy

Sri Lanka, March 12 -- Sri Lanka's ex-Central Bank Chief and senior economist this week urged policymakers to maintain a strong focus on structural reforms to sustain the current macroeconomic framewo... Read More


Build resilience as economy stabilises, CBSL tells private sector

Sri Lanka, March 3 -- As Sri Lanka transitions from economic stabilisation to growth acceleration following its worst economic crisis in 2022, the environment is opportune for the private sector to st... Read More


CBSL calls on banks to strengthen fraud detection with AI-driven tech

Sri Lanka, March 1 -- With the significant rise in online financial crimes, the Central Bank of Sri Lanka (CBSL) this week called on the financial institutions to explore the possibility of using arti... Read More


Experts renew call for tax ombudsman to improve trust in system

Sri Lanka, Feb. 15 -- The need for a tax ombudsman in Sri Lanka sparked renewed calls from experts this week, who advocated for the establishment of the position to improve trust, fairness and efficie... Read More