CID Examines 21 Companies in Alleged US$700 Million Import-Payment Scheme
Investigators told court that major businesses may be linked to foreign-currency transfers made for imports that allegedly never reached Sri
US Reduces Tariff on Sri Lankan Exports to 10%
The United States has reduced tariffs on Sri Lankan exports to 10%, marking a significant development in bilateral trade relations
Global Oil Prices Surge After Houthi Attack on Saudi Tankers in Red Sea
Global crude oil prices surged sharply after two Saudi Arabian oil tankers were reportedly attacked by Houthi rebels while transiting
President Orders Tougher Measures to Protect Northern and Eastern Coastlines
President Anura Kumara Dissanayake has directed officials to strengthen efforts to safeguard Sri Lanka’s rapidly developing Northern and Eastern coastlines,
Sri Lanka Advances Plan for Two High-Capacity Port Tugboats
The planned additions are intended to strengthen vessel-handling capacity and operational resilience at the country’s main commercial ports. Sri Lanka
Agriculture Sector Warns Crop Theft Is Causing Millions in Losses
Industry representatives are calling for stronger prevention and enforcement measures as theft from farms adds to production risks and rural
Cabinet Approves Rs. 21.6 Billion Plan for 600 Air-Conditioned SLTB Buses
he fleet-renewal programme is intended to add 600 air-conditioned deluxe buses to state-run services, subject to procurement, delivery and operational
Central Bank Holds Overnight Policy Rate at 8.75%
Sri Lanka’s monetary authority has kept its benchmark overnight rate unchanged as inflation remains above target and external risks persist.
IRD Warns Deliberate Tax Default Could Lead to Prosecution
Sri Lanka’s tax authority says intentional non-compliance may result in criminal action, while ordinary mistakes will continue to be handled
Parliament Refers Electric-Vehicle Import Probe to Attorney General
The parliamentary inquiry into a remittance-based electric-vehicle import scheme has been sent for legal review, alongside several COPE findings referred