Inland Revenue Act to be amended to allow tax relief for charities focusing on wellbeing of children

The International Monetary Fund’s disbursement of the second tranche amounting to around US$330 million of the to total loan of $ 3 billion is to be delayed till the approval of the executive board following the staff level agreement with the Sri Lankan authorities , IMF senior mission chief Peter Breuer said

• Textile & apparel exports down 23% to US$ 435mn
• Jan-Aug exports income at US$ 7.98bn, down 10.4%

The tourist arrivals to Sri Lanka for the first 20 days of September crossed the 75,000 mark, fulfilling 62 percent of the target set for the month.

The Government has decided to abandon plans for egg and chicken meat imports in light of the local production surge.

Hayleys Solar, the renewable energy arm of Hayleys Fentons, expands its horizons to make solar energy accessible from the south to north of the nation with its recent strategic launch in Jaffna.

Investment Promotion State Minister Dilum Amunugama said that he has succeeded in obtaining over USD 550 million worth of Foreign Direct investments (FDI) to Sri Lanka after he visited and met Chinese investors last week.

Factories are to face another shock with the increase in the water tariff by 170 per cent.

The International Monetary Fund (IMF) team now in Sri Lanka is nearing completion of its preliminary review on the fund-supported economic reform program with some reservations relating to quantitative performance, informed official sources divulged