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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)

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 Indian Government on Saturday said it has allowed exports of 99,500 tonnes of onions, mainly sourced from Maharashtra, to six neighbouring countries despite the ban on shipments. MORE..

27 Apr 2024 (10:04 PM)

Former President Maithripala Sirisena has dismissed recent reports claiming that he is moving to South Korea, asserting that he has no such plans to relocate to any other country. MORE..

28 Apr 2024 (1:24 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)