Month: February 2025
Handunnetti opposes tax on digital services
Industries Minister Sunil Handunnetti has voiced strong opposition to the 15 percent value-added tax (VAT) to be imposed on digital service providers. In...
What will happen to NPP govt. after LG polls? – Ideas Front
A reduced vote of between 35 or 40 per cent for the National People’s Power (NPP) at the upcoming local government polls will...
Sri Lanka’s 2025 budget: Balancing fiscal discipline and economic growth
Sri Lanka’s 2025 budget, presented by President Anura Kumara Dissanayake, lays out an ambitious roadmap for economic recovery following the financial crisis of...
Ranil heads to India to address pressing global challenges with Modi
Former President Ranil Wickremesinghe is scheduled to depart for New Delhi, India, today (27) to engage in a crucial discussion on international affairs. ...
Trump says US will sell $5 million ‘gold card’ to wealthy foreigners
President Donald Trump said on Tuesday the US would sell a “gold card” to wealthy foreigners, giving them the right to live and...
Govt rejects claims on tax reduction
The government has refuted claims on social media which indicated it has proposed tax reductions in the 2025 budget. Speaking in Parliament during...
Entrepreneurs raise concerns over budget 2025 proposal on private sector salary hike
The Sri Lanka United Businesses Alliance (SLUBA) has voiced concerns over the government’s proposal to increase private sector salaries, arguing that such an...
Distributors warn of potential closures of fuel stations
The Petroleum Dealers’ Association has raised serious concerns over the potential reduction of the three percent discount currently received by fuel distributors, stating...
Billion Indians have no spending money – report
India is home to 1.4 billion people but around a billion lack money to spend on any discretionary goods or services, a new...
Opposition criticizes Govt’s 15% forex earning tax on IT professionals and freelancers
Samagi Jana Balawegaya (SJB) MP Mujibur Rahman expressed concern in Parliament on Tuesday over the government’s recent decision to impose a 15% tax...
