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Wednesday December 7th, 2022

Sri Lanka national inflation hits 11.1-pct in November 2021 after money printing

Food prices up 35-pct since inflationary policy began in August 2019

December 22, 2021 2 min read

Sri Lanka imports up 24.5-pct in October 2021 amid money printing, credit

Capital goods imports soar amid low interest rates, credit

December 22, 2021 3 min read

Sri Lanka inks US$251mn tea for oil debt deal with Iran

The scheme not to violate US sanctions

December 21, 2021 3 min read

Sri Lanka cabinet debates IMF bailout for second week

"Different views" (vividher adahas) were expressed by ministers

December 21, 2021 2 min read

Air tickets in Sri Lanka dollarized after 'flexible exchange rate' collapse

Airlines have started to denominate tickets in US dollars instead of rupees, travel agents in Sri Lanka said, in a new ...

October 24, 2019 4 min read

Sri Lanka cuts VAT on apartments to 6-pct, small condos exempted

Sri Lanka has cut a value added tax on condominiums to 6 percent and has exempted small apartments priced below 25 mill...

October 24, 2019 1 min read

Sri Lanka parliament passes vote on account till April 2020

Sri Lanka's parliament passed a vote on account, giving authority for the government to spend and raise debt up to April...

October 23, 2019 1 min read

Sri Lanka state salaries to go up sharply in 2020

Sri Lanka's state salaries has been raised in recent years and will go up further in 2020, especially in executive grade...

October 23, 2019 2 min read

Sri Lanka, India growth downgraded by IMF; Bhutan, Nepal up

Growth for Bhutan and Nepal, countries which do not have central banks has been upgraded

October 23, 2019 3 min read

Sri Lanka spending approval sought from vote on account

Sri Lanka's finance minister Mangala Samaraweera is to seek parliamentary approval for government expenditure and borrow...

October 23, 2019 1 min read

Sri Lanka's LTL Holdings could be listed to stop tug-o-war, COPE told

Sri Lanka's LTL Holdings, a 63 percent owned unit of state-run Ceylon Electricity Board could be listed to end a stalema...

October 22, 2019 2 min read

Flood warning for Kelani River near Sri Lankan capital Colombo

Sri Lanka has issued a flood warning to residents of low lying areas on the Kelani River, which runs north of the capita...

October 22, 2019 1 min read

Sri Lanka inflation to spike before falling

Sri Lanka's inflation will spike in the coming months before falling, central bank said as consumer prices in the 12-mo...

October 21, 2019 2 min read

Sri Lanka national inflation hits 5.0-pct in September

Sri Lanka’s nationwide inflation hit a high of 5.0 percent in September 2019, the highest in almost two years, accordi...

October 21, 2019 1 min read
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Aus Dollar 253.0234 251.0798
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today yesterday
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New Sri Lanka govt procurement rules to ban contractors for corruption

Sri Lanka has issued mandatory guidelines for government procurement aimed at ensuring value for money that includes pen...

October 21, 2019 1 min read

Sri Lanka cuts tax on one cigarette size

Sri Lanka has cut the excise tax on one length of cigarette by about 4.5 rupees per cigarette, bringing the rate to 33,5...

October 21, 2019 2 min read

Sri Lanka illegal cigarettes, beedi switching claims likely exaggerated: researcher

Sri Lanka's market for illegal and smuggled cigarettes, a consequence of excessive high taxation and import duties legal...

October 19, 2019 6 min read

AKD proposes comprehensive plan to reduce poverty

The National People’s Movement Candidate for the Presidency Anura Kumara Dissanayake is saying that rural poverty in t...

October 18, 2019 3 min read

Sri Lanka approves five-year plan to phase out para-tariffs

Sri Lanka's Cabinet of ministers has approved a five-year government plan to phase out protective tariffs that were seen...

October 18, 2019 1 min read

Sri Lanka central bank FIU, Interpol to fight money laundering

Sri Lanka's Financial Intelligence Unit has entered into an agreement with Interpol, the international police organisati...

October 18, 2019 1 min read

Sri Lanka to raise minimum wage by 25-pct

Sri Lanka is to raise the minimum wage by 25 percent by government decree, to 12,500 rupees, under a proposal approved b...

October 18, 2019 4 min read

Gotabaya's VAT reduction will be disastrous - Mangala

Minister of Finance Mangala Samaraweera said that if Gotabaya Rajapaksa's tax reforms are implemented the country will f...

October 18, 2019 2 min read

Jaffna International Airport opens

Sri Lanka’s third International airport at Palali on the Jaffna Peninsula was formally declared open this morning by P...

October 17, 2019 2 min read

Sri Lanka has to reform to push up growth, ride emerging tech: IPS

Sri Lanka has to reform to push up flagging growth, make use of emerging technologies and fix the public sector and stat...

October 17, 2019 3 min read