Prime Minister Ranil Wickremesinghe says that a decision was reached that the citizens of Sri Lanka should be involved in the country’s economy and decision making process by implementing a transparent tax scheme instead of a hidden tax agenda.

President Maithripala Sirisena yesterday promised that an uncomplicated decision will be taken on the VAT system following further talks with all stakeholders.

India and Sri Lanka yesterday agreed to start negotiations on fast-track basis for the proposed Economic and Technology Cooperation Agreement (ETCA) and conclude the talks before end of the year.

Five fishermen from Rameswaram were arrested by Sri Lanka naval personnel on charges of fishing in their territorial waters on Sunday, prompting Chief Minister Jayalalithaa to request Prime Minister Narendra Modi to take steps for their release.

Against the backdrop of mounting public unrest against the recent hike of Value Added Tax (VAT), President Maitripala Sirisena has called for a meeting with the officials of Inland Revenue Department today for a discussion on the possibility of revising it, it is learnt.

A 48-year-old individual was shot dead by an unidentified gunman at Nawarahena Junction, Dickwella early this morning.

Former Central Bank Governor Arjuna Mahendran, whose tenure was plagued by scandal and controversy, went home (Singapore) on Friday afternoon on Emirates 348.

President Maithripala Sirisena has appointed Dr. Indrajit Coomaraswamy as the Governor of Central Bank, President’s Media Division announced.

Sri Lankan nationals are suspected to be among several foreigners taken hostage after gunmen attacked a restaurant popular with expatriates in the diplomatic quarter of the Bangladeshi capital on Friday.

Sri Lanka will have no central bank chief for a few days, the government said on Friday, an unprecedented leadership vacuum that fuels concern about daily operations after the previous governor declined to seek reappointment.

Lieutenant Yoshitha Rajapaksa was under investigation for financial crimes and therefore other allegations allegedly done as a Naval Officer would be investigated by the Sri Lanka Navy

A special event was held at the UNP party headquarters sirikotha today to appoint Leader of the Democratic party, Field Marshal Sarath Fonseka as the chief organizer of the UNP for Kelaniya.

Sri Lanka’s co-sponsorship of the 2015 Human Rights Council resolution and ownership of its content, was a landmark moment, the UK statement on Sri Lanka at the UN Human Rights Council Sessions said.

“We have never faced a crisis as acute as the one created by the reckless borrowing of the Yahapalana Government…

The Colombo Traffic Court today ruled that there is insufficient evidence to file charges against Minister Patali Ranawaka in connection with a road accident that left two youths injured in Rajagiriya in February.

Sri Lanka said its trade would be hurt by the United Kingdom’s “nightmare” vote to leave the European Union, with $1bn in annual exports to the British market now clouded by uncertainty.