News

Sri Lanka’s fuel import bill rose to $4.07 billion in the first eight months of 2026, a 61.6% increase over the same period a year earlier.

The Inland Revenue Department reported Rs 2.04 trillion collected by Sept 30, 2026 – a 24% rise over the same period last year and 85% of its 2026 target.

The Cabinet has approved funding to subsidise Auto Diesel and Industrial Diesel prices for the next three months, as rising global fuel prices driven by the conflict in the Middle East threaten to push up domestic prices, Cabinet Spokesperson and Minister Dr. Nalinda Jayatissa said yesterday. Briefing the media on decisions taken at the Cabinet meeting held on Monday, Dr. Jayatissa said the Government would allocate Rs. 15 billion for October, R

Sri Lanka will account for 7.5 percent of J.P. Morgan's upcoming GBI-EM Edge index, ranking among the eight largest components of a benchmark tracking $330 billion in local-currency debt across 26 countries.

The Sri Lankan government has officially announced the removal of the vehicle import suspension, a restriction initially imposed in March 2020 to address the country’s foreign exchange crisis

The Sri Lankan government has announced plans to import up to 70,000 metric tons (MT) of rice monthly to combat a severe shortage despite prior reports of surplus production

Sri Lanka’s Inland Revenue Department have opened the “e-Services” for filing Income Tax Returns, CIT (Corporate), PIT (Partnership) , & IIT (Individual) incl. IIT Simplified for Year of Assessment 2023/2024.

Anura Kumara Dissanayake has won Sri Lanka's 2024 presidential election, emerging victorious over his main rivals, Sajith Premadasa and incumbent President Ranil Wickremesinghe. In a closely watched race that captured the attention of the entire country.

Sri Lanka has announced the implementation of a 'one-chop' visa system for visitors from 38 countries. This decision, approved by the Cabinet and announced by Foreign Minister Ali Sabry

Colombo Port's transhipment volumes dropped 6% in July, marking the third consecutive month of decline, as competition from India's newly operational Vizhinjam Port intensifies.