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Fraudulent Vehicle Imports incurs a loss Rs. 3 Billion in tax revenue
A high-profile fraud involving over 200 luxury vehicle importation has been unearthed, amounting to a colossal loss to the government owing to non-payment of...
Foreign investments encouraged in the mineral sector despite ongoing controversies.
Sri Lanka is promulgating new laws and initiatives in the hope of securing up to 10 foreign investments in mining with a view to...
Colombo Port City Construction Delays Cause Heavy Losses for State
The Colombo Port City construction delays due to successive governments’ ad hoc decisions of suspending the ongoing work from time to time have caused...
President Stresses Need for Strategic Growth at Sri Lanka Insurance Corporation
President Anura Kumara Dissanayake has emphasized the importance of transforming the Sri Lanka Insurance Corporation (SLIC) into a key contributor to the national economy through efficient and strategic investments.
During a discussion...
Sri Lanka Plans 36,000 Acres for New Coconut Cultivation in 2025
Minister Samantha Vidyarathna has announced that 36,000 acres will be allocated for new coconut cultivation this year, with 16,000 acres designated for the Northern Coconut Triangle and the remaining 20,000 acres spread across other regions.
Speaking at...