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Beedi tax hike triggers decline in license renewals and revenue, COPF told

A recent hike in the tobacco tax on beedi products has led to a sharp decline in license renewals and revenue collection, the...

Politics

Catholic Church warns Deputy Defence Minister may compromise Easter Attack investigations

Sri Lanka’s Catholic Church has raised concerns over Deputy Defence Minister Aruna Jayasekara potentially influencing the ongoing investigations into the 2019 Easter Sunday...

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Sri Lanka Customs uncovers suspected tax evasion in BYD EV imports

Sri Lanka Customs has detained nearly 1,000 Chinese-made BYD electric vehicles at the Colombo Port amid suspicions of tax underpayment due to discrepancies...

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Police arrest NPP’s Kayts chief organiser over vandalism

In a troubling incident that has sent shockwaves through the Kayts community, eight individuals, including the Chief Organiser of the National People’s Power...

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Sri Lanka has limited ability to negotiate US tariffs – Deputy Minister

Deputy Minister of Industries and Entrepreneurship Development Chathuranga Abeysinghe has admitted that Sri Lanka faces limited leverage in negotiations with the United States...

Politics

Ruling party MP implicated in land grab

A televised political debate took an unexpected turn last night when accusations of land grabbing were exchanged between government and opposition members, casting...

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Mervyn Silva appears in court over luxury asset probe

Former Minister of Labour and Public Relations Mervyn Silva on Monday (28) appeared before the Colombo High Court in connection with a high-profile...

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IMF flags delays in bilateral agreements as threat to investor confidence

The International Monetary Fund (IMF) has informed Sri Lanka to expedite the finalisation of bilateral agreements with its remaining official and commercial creditors,...