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Colombo Port City achieves major development milestone with BSI approvals

Sri Lanka, June 11 -- Colombo Port City reached a significant milestone in its development as a leading regional business and investment destination after Cabinet approval granted in April 2026 to 77 ... Read More


UNDP urges Sri Lanka to operationalise carbon trading framework urgently

Sri Lanka, June 11 -- Sri Lanka must urgently operationalise and regularise its policy position on carbon trading, as private capital only flows into markets offering deep predictability and clear ins... Read More


Vehicle registrations hit five-month high in May

Sri Lanka, June 11 -- Sri Lanka's vehicle market recorded its strongest monthly performance since the reopening of imports, with total registrations surging 19.7% month-on-month to 60,444 units in May... Read More


Capital gains tax rates spike for organisations and individuals following new legislation

Sri Lanka, June 11 -- The headline Capital Gains Tax (CGT) rate on trusts, unit trusts, mutual funds, and non-governmental organisations increased from 10% to 30% following the parliamentary passage a... Read More


Sri Lanka Customs exceeds May revenue target by 16%

Sri Lanka, June 11 -- Sri Lanka Customs exceeded its revenue target for May by 16 per cent, while total collections for the first five months of the year rose roughly 44 per cent compared to the corre... Read More


Police allowance deposited twice due to error

Sri Lanka, June 11 -- An error by a state bank during the transfer of food, beverage, and accommodation allowances for May for officers of the Seethawaka Police Division resulted in the same allowance... Read More


UN and partners raise US$ 28.5mn in donor contributions for Cyclone Ditwah

Sri Lanka, June 11 -- In December 2025, Cyclone Ditwah struck Sri Lanka, triggering the worst flooding and landslides in recent memory. Over 640 people lost their lives, while 173 remained missing as ... Read More


GPI warns Sri Lanka at risk of energy shocks

Sri Lanka, June 11 -- The 2026 Global Peace Index (GPI) report released by the Australia-based Institute for Economics and Peace (IEP) has identified "energy factors" as a key element affecting global... Read More


India urges UN to review sanctions on Afghanistan

Sri Lanka, June 11 -- India said the current UN sanctions regime must take into account the changed political reality of Afghanistan, and called for incentivising positive actions rather than only wie... Read More


CIABOC charges 51 in first four months

Sri Lanka, June 11 -- The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) says that 51 individuals have been indicted by courts during the first four months of this year. Notab... Read More