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Crisis-hit Sri Lanka will focus on improving tax collection to reduce budget deficits as it streamlines the structure of the tax system, the treasury secretary said on Wednesday, with new legislation planned to improve public finances. MORE..

4 Oct 2023 (10:52 PM)

Former President Mahinda Rajapaksa says that he has no expectation of returning to power and that the party should now move forward together with a new leadership. MORE..

4 Oct 2023 (9:06 PM)

Sri Lanka s is facing a big challenge from its largest bilateral lender, China to secure a concrete debt relief framework, as it is blocking access to desperately needed cash bailout of 3 billion US dollars from International Monetary fund, Nikkei Asia reported. MORE..

4 Oct 2023 (11:39 PM)