The Government revenue in January has shot up 25% higher than the target to Rs. 274 billion aided by increased VAT in addition to widen coverage, State Finance Minister Ranjith Siymabalapitiya told Parliament yesterday.

Petronet LNG Ltd, India’s biggest liquefied natural gas company, will in 2025 start supplying LNG to Sri Lanka, initially in containers loaded on ships and later going on to build an import terminal, its chief executive said on Thursday.

The Colombo tea auction has begun 2024 on a mixed note with better prices month-on-month but down year-on-year.

Sri Lanka Tourism is experiencing a promising start to February, with over 43,000 tourists welcomed in the first six days of the month, pushing the cumulative figure for tourist arrivals to 252,035.

In response to a government request, a capacity development mission from the International Monetary Fund (IMF) is set to provide technical assistance on fiscal issues in Sri Lanka.

A motion was filed before the Supreme Court today (Feb.06) challenging the registration of the National People’s Power (NPP) by the Election Commission.

Sri Lanka and Thailand are considering visa free travel to strengthen economic links between the two countries President Ranil Wickremesinghe said, after signing a free trade with the South East Asian nation.

The Police Department is awaiting President Ranil Wickremesinghe’s decision on the term of Acting Inspector General of Police (IGP) Deshabandu Tennakoon.

The construction industry’s outlook for the next three months is on the downside with the lack of upcoming projects and the impact of tax revisions on price levels, as per the sector’s Purchasing Managers Index.