Sri Lanka’s tax concessions for projects designated under the Strategic Development Projects Act, No. 14 of 2008 are under review amid fiscal reforms linked to the International Monetary Fund program.
Continue Reading
Yields on Sri Lanka’s restructured International Sovereign Bonds have declined steadily since the 2024 debt exchange, reflecting renewed investor confidence in the country’s reform path under the International Monetary Fund program.
Continue Reading
SriLankan Airlines has received a Rs. 25.2 billion capital infusion from the Government following completion of its state bank debt restructuring in December 2025.
Continue Reading
Sri Lanka’s manufacturing and services sectors expanded in January 2026, though at a slower pace than December’s seasonal peak, according to the Central Bank of Sri Lanka.
Continue Reading
Sri Lanka’s government has unveiled sweeping labour reforms under commitments linked to the International Monetary Fund programme, aiming to modernise outdated laws and boost investment.
Continue Reading
Access Engineering PLC yesterday commissioned a $6.9 million cyclotron-based radiopharmaceutical production facility, marking its formal entry into advanced nuclear medicine infrastructure.
Continue Reading
The Ceylon Electricity Board has sought a 13.56% electricity tariff increase for April to June 2026, citing a projected Rs. 15,847 million deficit. The proposal, now before the Public Utilities Commission of Sri Lanka, aims to stabilize finances and ensure supply reliability.
Continue Reading
The Ceylon Electricity Board has reported estimated direct losses of Rs. 2.796 billion linked to four coal shipments supplied to the Lakvijaya Power Plant. The losses were attributed to low-grade coal that failed to meet the required calorific value of 5,900 kcal/kg, resulting in reduced efficiency and higher fuel consumption.
Continue Reading
The Government has approved amendments to SIM card registration regulations requiring re-registration of mobile numbers issued before 2 August 2019.
Continue Reading
Sri Lanka has begun consultations on a proposed Four-Band Tariff Policy under the 2026 Budget, aiming to streamline duties and support domestic industries as the United States raises tariffs on selected Sri Lankan exports.
Continue Reading