The Treasury’s tax expenditure statement revealed that the government has foregone over Rs. 23 billion in corporate tax revenue in 2022 due to concessions granted to Board of Investment (BOI) approved companies.

Human Rights Watch (HRW) this week requested the International Monetary Fund (IMF) to urge Sri Lanka’s Government to abandon draft legislation that would severely curtail civil society and jeopardise the IMF’s program in the country.

Sri Lanka has refuted recent claims from US intelligence that there are potential plans for a Chinese military base to be established on its soil.

France together with Canada, Japan, Netherlands, Spain and United Kingdom as long-standing and active members of the Paris Club recently requested the Southern District Court of New York to consider extending the five-month stay in support of the Government of Sri Lanka to safeguard the ongoing debt restructuring process.

The Criminal Investigation Department (CID) has arrested Dr. Thusitha Sudarshana, the Deputy Director of the Health Ministry’s Medical Supplies Division on arrival in Sri Lanka at the Bandaranaike International Airport in Katunayake.

President Ranil Wickremesinghe yesterday said that he will submit the IMF technical assistance reports to Parliament soon.

While urging the government to stop selling state property with a national election within sight, the National People’s Power (NPP) yesterday warned any interested parties to reconsider before purchasing state property as a future NPP government would have to take decisions against such deals.

On the heels of the cabinet nod to establish a medical faculty at the National School of Business Management (NSBM), the Government Medical Officers Association (GMOA) has expressed reservations, questioning the necessity of the move as it appears unrealistic.

Tourism Minister Harin Fernando has unveiled plans to showcase Sri Lanka’s rich cultural heritage and natural beauty through a special runway show to be held at Sigiriya.