The International Monetary Fund (IMF) Mission to Sri Lanka has stated that the new tax reforms in Sri Lanka helps meet the objective of correcting the imbalance of tax revenue and expenditure.

First group of Chinese tourists since the COVID-19 pandemic arrived in Sri Lanka last night (March 01).

The Sri Lankan Rupee (LKR) has further appreciated against the US dollar (USD) today (March 02).

As the economic collapse and political instability have devastated the lives and livelihood of the people of Sri Lanka, the island nation is in dire need of a new development model, the World Bank (WB) said.

Former Chairman of the Elections Commission of Sri Lanka Mahinda Deshapriya today (March 02) confirmed that he applied again for the membership of the Election Commission.

Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations “in a constructive manner,” China Central Television reported.

The Supreme Court of India recently directed the Tamil Nadu government to reconsider the issue of premature release of a Sri Lankan convict, who has undergone nearly 35 years of incarceration within three weeks.

The Colombo District Court today (March 01) ordered the release of Sri Lankan President Ranil Wickremesinghe from 108 lawsuits filed by the victims of those who have died and injured from the Easter Sunday bomb attacks in 2019.

The Ceylon Petroleum Corporation (CEYPETCO) has reduced the price of a litre of kerosene by Rs. 50 with effect from midnight today (March 01).

Sri Lankan rupee appreciated yesterday (February 28) on improved sentiments over the current and future foreign exchange conditions in the domestic market after the announcement that International Finance Corporation (IFC) is willing to provide a US$ 400 million worth of swap facility for three commercial banks to support essential imports.

The Court of Appeal of Sri Lanka has ruled that the provisions of the Right to Information (RTI) Act are relevant to Parliamentarians as well and that they are legally bound to declare their assets and liabilities.

Sri Lanka’s key inflation rate eased to 50.6% in February from 51.7% in January, the statistics department said on Tuesday, as food prices eased.

The World Bank will continue to support Sri Lanka’s development reforms program, the representatives of the global financial institutions assured today (February 28).

The Court of Appeal today (February 28) issued a writ order quashing the charges against former Finance Minister Ravi Karunanayake in connection with two cases filed in Colombo High Court over Central Bank bond issuance.

Sri Lanka’s cabinet of ministers has granted approval to establish a National Contributory Pension Fund for new public service employees.

A 42-year-old man who was travelling on a motorcycle was shot dead in Kuligoda, Ambalangoda at around 09:15 AM this morning (February 28).