Sri Lanka’s Inland Revenue Department is under rising pressure to meet its revised 2025 tax revenue target of Rs. 4,725 billion, amid major disruptions caused by the recent cyclone and the slowdown in vehicle imports.
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Sri Lanka’s Inland Revenue Department (IRD) is confronting one of its most difficult enforcement years as officials warn that revenue targets may be increasingly unrealistic in the face of collapsing vehicle imports,
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The European Union (EU) has allocated €1.8 million in emergency assistance to support Sri Lanka’s communities affected by recent devastating floods and landslides.
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More than 143 kilometres of Sri Lanka’s coastline have been polluted following severe flooding triggered by Cyclone Ditwah, the Marine Environment Protection Authority (MEPA) reported yesterday.
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Sri Lanka is projected to miss its 2025 export revenue target by about US$ 1 billion, owing largely to widespread domestic disasters and downturns in global demand.
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Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe has warned that Sri Lanka cannot afford to forget the reform agenda that underpins the country’s stabilisation, even as post-Ditwah reconstruction demands immediate Government attention.
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Sri Lanka’s long-delayed Bandaranaike International Airport (BIA) Terminal II expansion is now expected to face further setbacks,
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Sri Lanka will launch a Rs. 80 billion loan programme for new entrepreneurs in January, even as more than 92,000 MSMEs have been hit by the recent cyclone, raising questions about economic priorities.
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Sri Lanka is nearing a final decision on the long-delayed Sinopec oil refinery project, with the Government expecting an official response from the Chinese energy giant within days, BOI Chairman Arjuna Herath said.
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Sri Lanka appears set to fall short of its ambitious 2025 export revenue target of US$ 18.2 billion, missing by nearly US$ 1 billion.
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