Sri Lanka is about to receive 100 Octane premium petrol, known as XP100 rating fuel, which helps enhance the performance of vehicles, particularly high-end luxury cars and bikes.
The revenue to the government, including the grants, rose by a staggering 61.8 percent in January 2024. This is a result of the government raking in billions of rupees out of people’s pockets to appease the International Monetary Fund’s revenue targets.
The final report of the U.K.'s infected blood inquiry was published on Monday, nearly six years after it began looking into how tens of thousands of people contracted HIV or hepatitis from transfusions of tainted blood and blood products in the 1970s and 1980s.
Sri Lanka’s Government Analyst is set to find out the similarity in paper used in printing counterfeit security tax stamps and the printing paper of fool proof liquor sticker with QR code for all liquor products, in the latest twist in the investigation into this racket.
The Treasury is compelled to curtail spending further in the second quarter of this year as the day’s revenue collection is far below the daily expenditure creating a cash flow problem, Finance Ministry sources confirmed.
Three major Sri Lankan authorities have banded together to form a blended finance platform where donor assistance is combined with additional private and public financing to leverage funds to back sustainable projects, officials said.
The Central Bank (CB) will roll out a national digital currency by the end of the year with the aim of modernising the country’s financial transactions and regulatory framework, a senior official disclosed to a parliamentary committee recently.