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Sri lanka finance act News

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Local News

Supreme Court Approves Key Legislative Amendments to Counter Terrorist Financing.

May 19, 2026 at 6:03 AM

The Supreme Court of Sri Lanka has cleared the Convention on the Suppression of Terrorist Financing (Amendment) Bill, confirming its constitutional validity, while providing specific conditions for the Financial Transaction Reporting (Amendment) Bill.

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Supreme Court Approves Key Legislative Amendments to Counter Terrorist Financing
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Local News
Sri Lanka Parliament Resumes: Tax Amendment Bill and Economic Review Top Agenda
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Sri Lanka Parliament Resumes: Tax Amendment Bill and Economic Review Top Agenda.

May 19, 2026 at 2:25 AM
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Local News
Sri Lanka’s Inland Revenue Amendment Bill: Supreme Court Ruling Prompts Possible Legislative Adjustments
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Sri Lanka’s Inland Revenue Amendment Bill: Supreme Court Ruling Prompts Possible Legislative Adjustments.

May 18, 2026 at 4:00 AM
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Local News

Why an Independent Judiciary is Essential for Sri Lanka’s National Security.

This article explores the fundamental role of a robust and independent judiciary as the cornerstone of Sri Lankan sovereignty and national security.

May 17, 2026 at 9:52 PM
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The Evolving Threat: How Digital Fraud is Reshaping Financial Security in Sri Lanka
Image Source : island.lk
Local News•
May 16, 2026 at 11:56 PM

The Evolving Threat: How Digital Fraud is Reshaping Financial Security in Sri Lanka.

This article explores the rising complexity of digital financial crimes in Sri Lanka, ranging from institutional bond scandals to sophisticated system 'glitches', and the critical role of whistleblowers in protecting the national economy.

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Economy

Modeling Sri Lanka’s Economic Future: Lessons from the UAE’s Financial Framework.

May 13, 2026 at 5:16 AM

This article explores how Sri Lanka could enhance its economic stability and investor appeal by adopting key strategies used by the UAE, such as tax clarity, capital mobility, and the establishment of independent offshore financial zones like the Colombo Port City.

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Local News
Sri Lanka’s Economic Landscape: Rising Private Credit and Currency Volatility
Image Source : economynext.com

Sri Lanka’s Economic Landscape: Rising Private Credit and Currency Volatility.

May 13, 2026 at 1:16 AM
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Local News

Key National Updates: Recent Legal Actions and Government Directives in Sri Lanka.

This report covers recent developments in Sri Lanka, including the arrest of the Atamasthanadhipathi, political figures providing police statements, the suspension of a municipal official over bribery allegations, and presidential directives on public utility projects.

May 10, 2026 at 4:04 PM
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Local News
Urgent Need for Financial Oversight: Addressing Recent Lapses in State Fiscal Management
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Urgent Need for Financial Oversight: Addressing Recent Lapses in State Fiscal Management.

May 9, 2026 at 7:19 PM
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Local News•
May 8, 2026 at 6:03 AM

Concerns Mount Over Fiscal Irregularities in Sri Lanka’s Welfare Distribution.

Recent allegations regarding the irregular disbursement of Rs. 500 million in Aswesuma welfare funds have sparked public outrage, highlighting systemic gaps in financial oversight during Sri Lanka's economic recovery.

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Local News

Geopolitical Strategy and Economic Hurdles: A Review of Sri Lanka’s Debt Recovery.

May 7, 2026 at 12:10 AM

This article explores the intricate balance of Sri Lanka's foreign policy amidst regional shifts and global economic instability, highlighting the urgent need for structural economic transformation to manage looming debt repayment obligations.

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Local News
Sri Lanka’s Economic Resilience Tested as Frequent Fuel Hikes Trigger Cost-of-Living Crisis
Image Source : m.economictimes.com

Sri Lanka’s Economic Resilience Tested as Frequent Fuel Hikes Trigger Cost-of-Living Crisis.

May 4, 2026 at 5:43 AM
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Local News

Balancing Economic Recovery and Human Rights: A Critical Look at Sri Lanka's IMF Reforms.

An analysis of the tension between IMF-mandated fiscal austerity measures and Sri Lanka's human rights obligations, advocating for a more people-centric approach to economic policy.

May 3, 2026 at 7:31 PM
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Local News
Uncovering the $2.5 Million Finance Ministry Heist and Subsequent Institutional Crisis
Image Source : buzzer.lk

Uncovering the $2.5 Million Finance Ministry Heist and Subsequent Institutional Crisis.

May 2, 2026 at 7:51 PM
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Local News•
May 2, 2026 at 7:31 PM

A String of High-Stakes Financial Frauds Rock Sri Lanka’s Economic Landscape.

Sri Lanka is grappling with a series of significant financial irregularities, including a massive internal bank fraud and multiple government-level payment security breaches, raising urgent concerns over governance and oversight.

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Local News

Legal and Educational Developments in Sri Lanka: Key Updates from April 2026.

April 29, 2026 at 12:26 AM

This report summarizes critical news developments in Sri Lanka, including the legal fallout from an MP's land dispute, declining Advanced Level performance in the Central Province, and political tensions in Colombo.

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Local News
Concerns Raised Over Legal Validity of 'Rebuilding Sri Lanka' Fund
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Concerns Raised Over Legal Validity of 'Rebuilding Sri Lanka' Fund.

April 27, 2026 at 8:01 PM
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Local News

Sri Lanka Shifts to Cash-Before-Cover Insurance Model Amid New Regulatory Reforms.

The Insurance Regulatory Commission of Sri Lanka is implementing major reforms to the insurance sector, including a reduction in credit periods to 30 days and a strategic move toward a 'cash-before-cover' model to enhance financial discipline.

April 26, 2026 at 7:51 PM
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Local News

Sri Lanka Financial Markets Overview: Stocks Stagnate as Export Earnings Decline.

Sri Lanka's equity market showed minimal movement in mid-day trading on April 24, 2026. Meanwhile, the country reported a 6.26% drop in services exports for March, alongside recent treasury bill issuance updates.

April 24, 2026 at 7:19 AM
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Sri Lanka’s New Fiscal Landscape: A Transformation in Public Financial Management
Image Source : nz.news.yahoo.com
Local News•
April 23, 2026 at 8:34 PM

Sri Lanka’s New Fiscal Landscape: A Transformation in Public Financial Management.

Sri Lanka has initiated a major shift in fiscal governance through the enactment of the Public Financial Management Act and the Public Debt Management Act of 2024, focusing on transparency and rule-based accountability.

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