Tag: Government

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SL Public Sector  Accounting and Audit training strengthen with US aid

BUSINESS Radi Radi -
The U.S. Government, through its development agency, the U.S. Agency for International Development (USAID), is partnering with the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Association of Public Finance Accountants of Sri Lanka (APFASL) to strengthen Sri Lanka’s accounting and auditing sectors.

U.S DFC  approves US$120M in new Loans to improve Sri Lanka economy  

BUSINESS Radi Radi -
The Embassy of the United States of America announced today that the U.S. International Development Finance Corporation (DFC) Board of Directors has approved $120 million in new loans to grow and support the Sri Lankan economy.

Govt offers special 40-year tax amnesty for Port City investors

Development Radi Radi -
Cash strapped Sri Lanka is to provide  special 40-year tax amnesty for Chinese-built Colombo Port city to attract potential investors as it has so far failed  to attract major foreign direct  investments after the much-hyped since its opening for investors nearly one year ago, a senior treasury official said.

Worker remittances to Sri Lanka gain momentum in May

Development Radi Radi -
Worker remittances to Sri Lanka recovered in May from April levels, but still stand significantly below what the country received a year ago, Central Bank sources said.

43,000 metric tons of rice to be released to the market from today

News CN CN -
The Paddy Marketing Board will start releasing 43,000 metric tons of rice to the market from today. Chairman of the Paddy Marketing Board Neil de...
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Foreign Bond Sell-Off Exposes Sri Lanka’s Fragile Rupee Stability

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Vasu Calls for Substantial Public Relief in Budget 2027

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Former Minister Vasudeva Nanayakkara has urged the Government to provide substantial financial relief to the public through the 2027 Budget, warning that failure to address the economic hardships faced by ordinary people could trigger growing public dissatisfaction and stronger political criticism. He said the Government must prioritise meaningful financial assistance, tax reductions and stronger social safety nets in the upcoming budget to ease the burden on households. Nanayakkara warned that public anger towards the Government could increase significantly if adequate relief was not provided, noting that people were already facing severe economic difficulties. He also observed that public expectations for Budget 2027 were particularly high, especially regarding measures to ease inflationary pressures, revise taxes and strengthen social welfare assistance. Commenting on the political climate, the former minister said there was currently no significant active opposition to the Government among ordinary people. He cautioned, however, that the absence of strong public resistance meant that the implications of certain laws and measures described as anti-democratic were not yet being widely felt, despite the potential threats they could pose to individual freedoms and democracy in the future.

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