Citizens Development Business Finance Plc (CDB) yesterday announced that it has received a commitment of US$ 30 million as loan from the United States International Development Finance Corporation (DFC).

Citizens Development Business Finance Plc (CDB) yesterday announced that it has received a commitment of US$ 30 million as loan from the United States International Development Finance Corporation (DFC).

The Committee on Public Finance in the Sri Lankan Parliament issued a directive instructing the Ministry of Finance to impose an income tax on companies that made gains due to the 'midnight gazette' on sugar imports.

As Sri Lanka explores various avenues to enhance its tax revenue, it is likely that the country will opt for a property tax instead of implementing a comprehensive wealth tax, according to KPMG Sri Lanka.

A new institutional structure is to be created for the establishment of the Sri Lanka Economic Commission and its associated units.

According to finance ministry data, Sri Lankan Airlines' present fleet consists of 24 aircraft. These are split evenly between single-aisle and twin-aisle designs, with 12 widebody and 12 narrow-bodied jets at its disposal. In terms of SriLankan Airlines' widebodies, the one-worlder carrier is a fan of the A330, flying two variants.

The Government is to promulgate a state owned enterprises (SOEs) Act in the coming months to accord legislative authority and operational effect to the SOE reform policy, Finance Ministry’s fiscal policy report outlined.

Whilst State Minister of Finance Ranjith Siyambalapitiya claimed that a sum of Rs 6,721 million is to be collected from five liquor manufacturing companies which have defaulted taxes,

State Minister of Finance Ranjith Siyambalapitiya announced that measures are underway to establish a separate regulatory authority dedicated to overseeing microfinance institutions.