Tag: SL Government
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U.S. Credit Downgrade Raises Concerns for Sri Lanka’s Reserves.
By: Staff Writer
May 20, Colombo (LNW): Moody’s recent downgrade of the United States’ long-term credit rating has raised fresh concerns in Sri Lanka over the...
Sri Lanka Arrests UK Woman over Large Cannabis Haul; Foreign Office Responds.
By: Staff Writer
May 20, Colombo (LNW): UK authorities are providing support to a British woman arrested in Sri Lanka, as reports emerge that she has...
Government Moves to Cut Tax Breaks for Port City and Mega Projects.
By: Staff Writer
May 20, Colombo (LNW):In a move that could significantly reshape its investment climate, the Sri Lankan government is planning to curtail generous tax...
Sri Lanka Gears Up for Crucial Anti-Money Laundering Evaluation amid Global Scrutiny.
By: Staff Writer
April 04, Colombo (LNW): Sri Lanka is actively preparing for its third Mutual Evaluation (ME) of the Anti-Money Laundering and Countering the Financing...
Scandal Unfolds in Sri Lanka’s Motor Traffic Department: Corruption and Fraud Exposed
By: Staff Writer
April 02, Colombo (LNW): Sri Lanka’s Motor Traffic Department (DMT) is once again at the center of a significant corruption scandal, highlighting deep-rooted fraudulent...