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Local News

JKCG Denies Insider Knowledge of Vehicle Import Tax Surcharge.

May 22, 2026 at 9:57 AM

John Keells CG Auto (JKCG) has officially rejected allegations suggesting it used insider information to open Letters of Credit for BYD vehicles just before the government's vehicle import surcharge announcement.

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JKCG Denies Insider Knowledge of Vehicle Import Tax Surcharge
Image Credit : newswire.lk
Local News

Finance Ministry Debunks Claims Over Pre-Tax Vehicle Import Letters of Credit.

The Finance Ministry has officially denied allegations that 4,000 Letters of Credit (LCs) were opened for vehicle imports just before a recent tax hike, clarifying the actual figures in Parliament.

May 21, 2026 at 5:52 PM
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Local News
Sri Lanka Police Extends Recruitment Application Deadline for Constable Positions
Image Source : gkiqmaster.com

Sri Lanka Police Extends Recruitment Application Deadline for Constable Positions.

May 21, 2026 at 10:25 AM
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Local News
Government Moves to Dissolve Chief of Defence Staff Office via New Legislation
Image Source : newswire.lk

Government Moves to Dissolve Chief of Defence Staff Office via New Legislation.

May 17, 2026 at 9:20 AM
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New High-Security Facility at Welisara Neutralizes Prison-Based Criminal Networks
Image Source : global.chinadaily.com.cn
Local News•
May 12, 2026 at 12:18 AM

New High-Security Facility at Welisara Neutralizes Prison-Based Criminal Networks.

The Sri Lankan government has established a specialized high-security prison at the Welisara Navy base to effectively isolate notorious underworld figures and prevent them from operating criminal syndicates via mobile phones.

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Local News

Sri Lanka Hikes Import Levy on Maize to Rs. 50 per Kilogram.

May 6, 2026 at 6:38 AM

The Sri Lankan Ministry of Finance has announced an increase in the special commodity levy on imported maize to Rs. 50 per kilogram, effective until the end of 2026.

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Sri Lanka Hikes Import Levy on Maize to Rs. 50 per Kilogram
Image Credit : vajiramandravi.com
Local News
Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update
Image Source : ft.lk

Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update.

May 4, 2026 at 9:28 AM
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Local News
Concerns Mount Over Suspicious Death of Custodial Elephant 'Sujeewa'
Image Source : thehansindia.com

Concerns Mount Over Suspicious Death of Custodial Elephant 'Sujeewa'.

April 28, 2026 at 12:10 AM
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Local News
Sri Lanka Announces Holiday Schedule Update for 2026 Vesak Festival
Image Source : newsfirst.lk

Sri Lanka Announces Holiday Schedule Update for 2026 Vesak Festival.

April 23, 2026 at 5:00 PM
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Official Schedule for 2026 Mercantile Holidays Released in Sri Lanka
Image Source : publicholidays.lk
Local News•
April 10, 2026 at 5:36 AM

Official Schedule for 2026 Mercantile Holidays Released in Sri Lanka.

The Commissioner General of Labour has officially confirmed the list of mercantile holidays for 2026, clarifying the observance of dates surrounding the Vesak Full Moon Poya.

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Local News

Moving Beyond Tax Breaks: The Structural Hurdles Blocking Sri Lanka’s Investment Goals.

April 5, 2026 at 2:27 AM

Sri Lanka’s long-standing reliance on tax incentives has failed to drive sustainable economic transformation. This article explores how policy inconsistency, administrative delays, and land disputes remain greater deterrents to investors than the tax burden itself, while highlighting recent parliamentary friction over new incentive frameworks.

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Moving Beyond Tax Breaks: The Structural Hurdles Blocking Sri Lanka’s Investment Goals
Local News

Parliamentary Committee Rejects Proposed Strategic Investment Tax Incentives.

The Committee on Public Finance (COPF) has halted a new gazette aimed at regulating Strategic Development Projects (SDP) tax incentives, citing flawed criteria and unfair biases against manufacturing.

April 4, 2026 at 7:28 PM
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Local News

A Summary of Key Developments Across Sri Lanka: Economy, Law, and Tourism.

This report covers significant updates in Sri Lanka, including the suspension of the SOE divestment program, new measures to manage rice shortages, a major crackdown on online financial scams, and recent trends in the tourism sector.

April 4, 2026 at 2:03 AM
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