RM Parks Inc. Inks $110 Million Deal with Board of Investment to Introduce Shell Products in Sri Lanka
RM Parks Inc., a prominent U.S. petroleum products distributor, has formalized an agreement with the Board of Investment (BOI) for
COPA Initiates Probe into Under-Invoicing of Coal Stocks for VAT Evasion
The Committee on Public Accounts (COPA) has announced its intention to launch an investigation into instances of under-invoicing of coal
Fitch Ratings Warns of Heightened Collateral Price Risk for Sri Lanka’s Finance and Leasing Companies Due to Surge in Gold-Backed Lending
Fitch Ratings has raised concerns about the increasing reliance on gold-backed lending within Sri Lanka’s finance and leasing companies (FLCs)
Government Revenue Surges by 43.5% to Rs.1,826.62 Billion in First Eight Months; Budget Deficit Expands to Rs.1,470.66 Billion
In the initial eight months of the fiscal year, the government witnessed a robust 43.5% surge in revenue, reaching Rs.1,826.62
Chinese State Councilor Shen Yiqin Leads Delegation on Official Visit to Sri Lanka
A Chinese delegation, led by State Councilor Shen Yiqin, arrived in Sri Lanka on an official visit on Saturday, November
Sri Lankan Navy Detains 196 Indian Fishermen and 29 Vessels for Illegal Fishing
The Sri Lankan Navy has apprehended 196 Indian fishermen along with 29 fishing vessels for engaging in illegal fishing activities
The Inland Revenue Department has informed the Committee on Public Accounts (COPA) that 198,253 new taxpayers have been registered so far in 2023.
The Inland Revenue Department officials said it has been identified that there are about 16 million citizens over the age
Central Bank of Sri Lanka Clarifies Board Composition Following Resignations
The Central Bank of Sri Lanka (CBSL) issued a clarification regarding the composition of its Governing Board and Monetary Policy
Indian Minister of Earth Sciences Discusses Multidimensional Bilateral Ties with Sri Lankan President
India’s Minister of Earth Sciences, Kiren Rijiju, paid a courtesy call on Sri Lankan President Ranil Wickremesinghe on Friday (Nov.
Power Challenges in Sri Lanka as Kelanitissa Plant Faces 6-Week Shutdown, Norochcholai Plant Grapples with Technical Issues
In a significant development impacting the power sector of Sri Lanka, the Kelanitissa power plant has been temporarily shut down