Sri Lanka’s Nation Lanka Finance Plc said it had found a strategic investor who has agreed to invest 2.5 billion rupees in the company.
Jetstar Asia to Launch Direct Flights from Singapore to Colombo
Jetstar Asia has announced that it will become the only low-cost carrier to offer direct flights from Singapore to Colombo, Sri Lanka, starting on November 21, 2024.
Rs. 1,066 Billion in Defaulted Taxes for 2023
The Inland Revenue Department (IRD) has released a detailed report on the outstanding tax amounts as of December 31, 2023, providing clarity on the current tax arrears situation.
Visa free policy for 38 countries comes into immediate effect
The Cabinet has approved a 'one chop' system for the 38 visa-free countries, commencing with immediate effect, Advisor to the Ministry of Tourism Harin Fernando said.
Chinese Criminal Investigation Unit joins local CID in tackling online fraud
In response to the surge in online financial frauds involving foreign nationals, including Chinese, the Criminal Investigation Department (CID) has sought assistance from the Chinese Special Criminal Investigation Unit for investigative support.
Colombo district land prices increase 6.9% YoY
The Land Valuation Indicator (LVI) for Colombo District rose 6.9 percent year-on-year in the first half of 2024, driven by increases across all sub-indicators — Residential, Commercial, and Industrial.
Striking images reveal depths of Titanic’s slow decay
It was the image that made the Titanic's wreck instantly recognisable - the ship's bow looming out of the darkness of the Atlantic depths.
The Department of Motor Traffic (MTD) is set to launch a new system aimed at updating the information of approximately 2 million driving license holders who have not yet updated their details.
SriLankan Airlines, during April 1, 2023 and March 31, 2024, was forced to cancel more than 1000 flights (10 per cent of the scheduled flights) which cost more than US$60 million, its chairman Asoka Pathirage said.
The Sri Lankan government must adhere to the International Monetary Fund’s (IMF) Extended Fund Facility conditions until 2028 to ensure prudent fiscal management for the 2025 budget, according to Minister of Transport, Highways, and Mass Media, Dr. Bandula Gunawardana.
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Revamping tax policies: Govt’s strategic shift to boost fiscal revenue
The government will be introducing new taxes to comply with the current IMF programme. Under the IMF’s Extended Fund Facility (EFF), the government has agreed to reform the property tax system and introduce a wealth transfer tax to aid fiscal consolidation.
SL Ports Authority handles 1.54 million TEU amid regional competition
The Sri Lanka Ports Authority (SLPA) has addressed recent concerns regarding a perceived decline in transshipment volumes at the Port of Colombo, which some attribute to the expansion of regional ports in India.
International bondholders put forward SL mid-September ultimatum
In ongoing efforts to stabilise Sri Lanka’s financial future, the Steering Committee of the Ad Hoc Group of International Bondholders has stressed the urgent need to implement the Joint Working Framework for restructuring the country’s international bonds.
An invitation from ven.Banagala Nayaka Thero to the Prime Minister of India
Chief Incumbent of Sanchi Chetiyagiri Viharaya in India, Sri Lanka Mahabodhi Association President and Japan's Chief Sanghanayaka Ven. Banagala Upatissa Thero recently (30) met Indian Prime Minister Narendra Modi at Lok Kalyan Marg, the Prime Minister's official residence in New Delhi.