Development and Economic News
Shortcomings in Inland Revenue Act hampers collection of over Rs.900 billion
Shortcomings in the Inland Revenue Act have hampered the collection of a whopping over Rs.900 billion in tax revenue to the state coffers, an MP said.
Sri Lanka to extend capital controls by further six months
Govt. says will reconsider upon the completion of debt restructuring negotiations targeted in September
Child labour on the rise for first time in 20 years: ILO
For the first time in 20 years, child labour is on the rise, the International Labour Organisation (ILO) shared.
Over 22k tourist arrivals in June first week
Sri Lanka welcomed a total of 22,200 international visitors for the first eight days of June, maintaining a tourist inflow momentum similar to that of May.
UGC and World Bank collaborate to promote higher education development in South Asia
The University Grants Commission (UGC) of Sri Lanka and the World Bank have joined forces to advance higher education operations in the South Asia Region (SAR).
All IMF conditions will be completed before September - State Minister
Finance State Minister Ranjith Siyambalapitiya said that all the conditions made with the International Monetary Fund will be completed before next September.
SriLankan targets profit in excess of USD 50 Mn
SriLanka Airlines is looking at earning a profit in the excess of USD 50 million in 2023/24 said Chief Commercial Officer SriLankan Richard Nuttall. (Pictured)
Hambantota Port expects 13 ship calls between June and September
The Hambantota International Port (HIP) will be entering the tourism mix of Indian cruise ships, with an agreement of 13 ship calls to the port between June and September this year.
DFCC Savings Goal launched for customers save efficiently
DFCC Bank has announced the launch of DFCC Savings Goal, a new product designed to help customers save efficiently to meet their short-term financial goals.
Value of a perch in Galle Fort increased to Rs. 22mn
More than one hundred buildings, located within the Galle Fort, have been purchased by foreigners, increasing the value of one perch to Rs 22 million, the Galle Heritage Foundation said.