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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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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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 faces parallel challenges of rescue and long-term recovery as India and China intensify engagement following Cyclone Ditwah.
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Two o U.S. Air Force C-130J Super Hercules aircraft arrived in Sri Lanka to support the Cyclone Ditwah relief effort, marking an unusually high-profile American military presence.
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Sri Lanka’s decision to lower the VAT and SSCL registration threshold from Rs. 60 million to Rs. 36 million has sparked concern among small and medium businesses,
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Sri Lanka’s export performance, which was on track to exceed USD 16–17 billion this year, is facing renewed risks following disruptions caused by Cyclone Ditwah.
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Sri Lanka has formally requested USD 200 million in rapid assistance from the IMF as the country grapples with the extensive damage caused by Cyclone Ditwah.
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Sri Lanka’s post-cyclone recovery effort has triggered a major debate in Parliament,
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India has expanded its emergency relief operation to Sri Lanka as the island struggles to recover from Cyclone Ditwah’s catastrophic floods and landslides.
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