Development and Economic News
Wealthiest 20% enjoy half of SL’s pension benefits: IPS
A recent study conducted by the Institute of Policy Studies (IPS) highlighted a significant disparity in Sri Lanka’s Public Service Pension distribution scheme, revealing that around 50 percent of the pension benefits were enjoyed by the wealthiest 20 percent of the population.
Price Identification Mechanism for Imported Goods
The Ministry of Trade has announced plans to introduce a system that will allow consumers to identify the appropriate price ranges for imported food and commercial goods.This initiative aims to prevent unnecessary price hikes imposed by importers or intermediaries.
Special Committee for Digital Terrestrial Television Broadcasting Project
A Special Committee chaired by the Mass Media Secretary, including representatives from relevant institutions is to be appointed, to assess the requirements and technology necessary for implementing the Digital Terrestrial Television Broadcasting Project.
IRD launches ambitious tax recovery programme
Sri Lanka’s Inland Revenue Department (IRD) has launched a special initiative to recover Rs. 570 billion in outstanding taxes from certain taxpayers under the self-assessment payment system, with a deadline of November 30.
Senior Professor Hareendra Dissabandara appointed SEC Chairman
Senior Professor Hareendra Dissabandara has been appointed as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC).
Sweden focus on developing renewable energy sector of Sri Lanka
The Swedish government focused on developing renewable energy sector of Sri Lanka while increasing educational opportunities and mitigating the visa difficulties for Sri Lankan students in Sweden.
Tourist arrivals decline to four-month low in September 2024.
Tourist arrivals in September dipped to a four-month low confirming the serious impact the outsourcing of visa processing has had on the leisure industry.
Govt. uncertain about public sector salary hike promised by previous regime
The incumbent Government yesterday announced that it remains uncertain whether it can fulfil the salary increment promised by the previous administration, set for January 2025.
New Government Reduces Petrol, Diesel and Kerosene Prices
Accoringly, the price of Petrol 92 Octane has been reduced by Rs. 21 to Rs. 311 per litre, while Auto Diesel has been reduced by Rs. 24 to Rs. 283 per litre.
SL requests four-month stay of proceedings of Hamilton Reserve Bank case
Sri Lanka has requested a four-month stay of proceedings in the ongoing case with Hamilton Reserve Bank Ltd. in the United States District Court for the Southern District of New York.