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KiddieCove Academy: Two sisters, one vision, transforming early childhood education

Sri Lanka, Nov. 13 -- KiddieCove Preschool and Daycare is rapidly establishing itself as a leading provider of early childhood education across Sri Lanka, with flourishing branches in Thalawathugoda, ... Read More


Mahindra Ideal Finance records 204-pct growth in PBT to Rs. 477Mn for H1 FY26

Sri Lanka, Nov. 13 -- Mahindra Ideal Finance Limited (MIFL) has delivered strong growth in income and profits during the six months ended 30th September 2025 (H1 FY26), fueled by a rapid expansion in ... Read More


CSE Signs MOU with Seylan Bank PLC to Streamline Foreign Investment

Sri Lanka, Nov. 13 -- The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), signed a Memorandum of Understanding (MoU) with Seylan Bank PLC... Read More


Government responds to key industry appeals on VAT and SME needs: SLABA

Sri Lanka, Nov. 11 -- The Sri Lanka Apparel Brands Association (SLABA), representing all leading Sri Lankan apparel and fashion brands, enthusiastically welcomes theBudget, which addresses the majorit... Read More


Sri Lanka's Budget Sticks to Fiscal Consolidation Path: Fitch Ratings

Sri Lanka, Nov. 11 -- The Sri Lankan government's latest budget indicates that the authorities remain committed to reducing government debt/GDP over the medium term after beating their targets in the ... Read More


ADB approves USD100 Mn to strengthen macroeconomic resilience, transparency in Sri Lanka

Sri Lanka, Nov. 10 -- The Asian Development Bank (ADB) has approved a $100 million financing package to build on Sri Lanka's progress toward macroeconomic stability and to help achieve sustainable gro... Read More


Budget 2026: Reduction of registration threshold of VAT & SSCL

Sri Lanka, Nov. 8 -- With the view of broadening the tax base, the Finance Minister proposes to reduce the annual turnover threshold for the registration from Rs. 60 million to Rs. 36 million Value Ad... Read More


Ceylon Chamber Says Budget 2026 Calls for Faster Implementation of Reforms to Achieve Growth Targets

Sri Lanka, Nov. 8 -- The National Budget 2026 maintains a clear trajectory of policy predictability, fiscal consolidation, and disciplined debt management, continuing the stability required for Sri La... Read More


Budget 2026: Imposition of VAT & SSCL on Imported Coconut Oil & Palm Oil

Sri Lanka, Nov. 7 -- Locally produced coconut oil and palm oil are subjected to Value Added Tax and Social Security Contribution Levy, while imported coconut oil and palm oil are subjected to Special ... Read More


Budget 2026: Removal of CESS and imposition of VAT on Imported Fabric

Sri Lanka, Nov. 7 -- Locally manufactured fabric is subjected to VAT and the imported fabric, although exempted from VAT, is subjected CESS of Rs. 100 per kilo gram. To ensure a level playing field, ... Read More