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Steps are being taken to increase the interest rate of the Employees Provident Fund (EPF) from the existing 9% to 13% with effect from 2023, State Minister of Finance Ranjith Siyambalapitiya said. MORE..

28 Apr 2024 (6:22 PM)

The Committee of Public Finance (COPF), at its most recent meeting, has examined the effectiveness of recent tax increases on tobacco and liquor, aimed at discouraging consumption and boosting government revenue. MORE..

27 Apr 2024 (5:35 PM)

An ammunition explosion at a base in southwestern Cambodia on Saturday afternoon killed 20 soldiers and wounded several others, Prime Minister Hun Manet said. MORE..

27 Apr 2024 (11:52 PM)

President Ranil Wickremesinghe emphasized the government s aim to create a highly competitive, export-oriented economy based on market economy, expressing full faith in the business community of the country. MORE..

27 Apr 2024 (11:47 PM)

The Department of Meteorology says that the Intertropical Convergence Zone, where winds from the Northern Hemisphere and Southern Hemisphere converge, is affecting the island s weather conditions. MORE..

28 Apr 2024 (4:57 PM)

US Defense Secretary Lloyd Austin announced on Friday a $6 billion long-term military aid package for Ukraine the largest to date which will allow the US to purchase new equipment produced by the American defense industry for the Ukrainian military. MORE..

27 Apr 2024 (3:26 PM)