As part of on-going efforts to support economic recovery and ease the burden on mid-level income earners, the government has announced proposed adjustments to the Personal Income Tax (PIT) structure. These changes are aimed at maintaining fiscal responsibility while providing...

The International Monetary Fund (IMF) Communications Department Director Julie Kozack said it is ready to move forward with programme discussions after the Presidential election is held and a new government is formed based on the choice of the people. Julie...

The Embassy of Sri Lanka in the Netherlands, with the support of the Sri Lanka Tourism Board (SLTPB), participated in the “Embassy Festival 2024” held in The Hague recently. The Embassy organized two stalls showcasing Sri Lankan tourism, culture, cuisine,...

Taking into consideration  the macro-economic developments, in particular the developments in domestic foreign exchange market conditions, Central Bank of Sri Lanka issued the "Repatriation of Export Proceeds into Sri Lanka Rules No. 01 of 2024" (Rules), which was published in...

Customs Revenue Hits New All-Time High. IMF Revenue Target for 2024 Within Reach. Independence Granted to Customs Officials Paves the Way for Success. Key Leadership and Guidance from President and State Ministers Drive Achievements- Customs Director General Sarath Nonis. For...

Public Resilience Helped Sri Lanka Avoid a Crisis Similar to Bangladesh’s. New Home Loans with Subsidized Interest for Low-Income Earners. Land Tenure and Estate Villages Planned for Upcountry Communities. President Ranil Wickremesinghe announced plans to establish a new investment company...

My Goal Was to Achieve Quick Economic Recovery for the Country—So Far, That Goal Has Been Met. Government’s Agreement with the IMF is the Only Way Out of the Crisis – President Say at the 37th OPA Annual Conference. President...

Global Finance magazine has released the names of Central Bank Governors who earned the highest grades, “A+”, “A” or “A-”, in the Central Banker Report Cards 2024. The full Central Banker Report Cards 2024 grade list will appear in Global...