Workers’ remittances nearing US$ 4bn mark; August figure at US$ 499mn
Sri Lanka has observed 74 percent increase in workers’ remittances during the first eight months of 2023, reaching nearly US$ 4 billion, compared to the corresponding period of the previous year.
Skeletal remains in a possible mass grave found in Kokkutuduwai
Forensic Medical Experts and archaeologists continuing excavations in what security forces believe to be a mass grave at Kokkutuduwai in Mullaitivu had on Saturday recovered complete skeletal remains of two bodies.
SL government begins double –decker bus service for tourists
The Sri Lanka Transport Board says that an information center has been introduced to report the existing problems in the transport system.
Govt tax revenue missed the IMFagreed target by Rs 72 bn in 1Q2023
Sri Lnka has missed the International Monetary Fund (IMF) tax revenue target of Rs 650 billion stipulated for the first quarter of 2023 under the economic reform programme by Rs 72 billion, finance ministry, data shows
Fake postal department website takes the people on a ride
Information about a financial fraud being carried out through a fraudulent website similar to the official website of the Department of Posts has been revealed.
SL to receive 40 cargos of coal by May 2024 for Norochcholai pwer plant .
Power and Energy Minister Kanchana Wijesekera yesterday conducted a comprehensive review of crucial aspects of the country’s power and energy sector.
Maldives election goes to run-off, with pro-China opposition leading
The Maldives appears headed for a run-off vote after the opposition candidate took a surprise lead over President Ibrahim Mohamed Solih but fell short of an outright majority in a hotly contested presidential election, the Al Jazeera reported.
Morocco earthquake death toll rises above 2,000
The death toll from a powerful earthquake in Morocco has soared to more than 2,000, with a similar number of injured.
30 percent tax on EPF comes under public wrath
The “Inland Revenue (Amendment)bill seeks to change the status quo of the 14% tax rate on superannuation funds – the largest of which is the Employees’ Provident Fund (EPF) – by increasing the tax rate to 30%.
Foreign remittances to SL up 53-pct to US$499mn in August
SL has received US$ 499 million in remittances through official channels in Aug 2023, up 53% from a year ago.
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Informal workers compel to make EPF contributions
Sri Lanka will make contributions to superannuation funds mandatory for informal workers including domestic aides, plumbers, and security guards under a planned new labour law, Minister of Labour Manusha Nanayakkara said.
Sri Lanka foreign exchange reserves deplete signaling dollar crisis
Sri Lanka foreign exchange reserves have been depleted and the country is embroiled in a messy public debt default.
Georgia grand jury recommended charging three US senators
A Georgia special grand jury recommended charging one current and two former US senators and 18 other allies of ex-President Donald Trump, a newly released report says.
Parliament grapples with overlapping Committee functions
MP Patali Champika Ranawaka has drawn attention to the issue of overlapping responsibilities among various parliamentary committees, raising pertinent concerns about its impact on the legislative process.