VAT Increases Across Various Sectors in Sri Lanka Effective January 1st
In a significant fiscal adjustment, Sri Lanka’s Value Added Tax (VAT) rate rises from 15% to 18% starting January 1st.
Saudi Arabia Tops Chart as Prime Employer for Sri Lankan Expats in 2023
In a significant development, Saudi Arabia has emerged as the leading destination for Sri Lankan expatriates seeking employment opportunities, with
Financial Woes Plague Sri Lanka Fisheries Corporation: Alleged Corruption Impacts Monthly Losses of Rs.100 Million
Inside sources reveal that the Sri Lanka Fisheries Corporation is incurring monthly losses of up to Rs.100 million due to
Official Survey Highlights Extensive Impact of Economic Crisis on Sri Lankan Households
A comprehensive survey conducted by the Department of Census and Statistics (DCS) has officially documented the profound effects of the
National Consumer Price Index (NCPI) Records 2.8% YoY Inflation in November 2023, According to Department of Census and Statistics
The Department of Census and Statistics (DCS) has disclosed in its latest report that the overall rate of inflation, measured
Israeli Prime Minister Netanyahu Hints at New Negotiations for Hostage Release Amidst Hamas Conflict
Israeli Prime Minister Benjamin Netanyahu appeared to confirm on Saturday that new negotiations are in progress to recover hostages held
Sri Lanka Records 1.6% Economic Growth in Q3 2023 Amidst Positive Indicators
Official data released on Friday (Dec.15) reveals that Sri Lanka’s economy expanded by 1.6% in the third quarter (Q3) of
Mahinda Yapa Abeywardana, Speaker of Parliament, Endorses Fiscal Measures in the 2024 Budget Amidst Economic Challenges
In a significant parliamentary development, Mahinda Yapa Abeywardana, Speaker of Parliament, officially endorsed the certificates on the Appropriation Bill for
Sri Lanka Poised to Export Renewable Energy, Affirms President in Parliament
In a parliamentary address on Tuesday (12), President Ranil Wickremesinghe declared that Sri Lanka stands among the select countries with
IMF Completes First Review of Sri Lanka’s 48-Month Extended Fund Facility (EFF) Arrangement
Full Statement: The Executive Board of the International Monetary Fund (IMF) has successfully concluded the initial review of Sri Lanka’s