LNP - Govt. to tap migrant worker savings with Rs.744.75mn entrepreneurship scheme
Sri Lanka is exploring avenues to channel foreign earnings into local investments to boost its economy, with plans underway to empower the returning m...
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LNP - IRD records highest-ever tax revenue collection in 2024
The Inland Revenue Department (IRD) has recorded its highest-ever tax revenue collection in 2024, amounting to Rs. 1,958,088 million. This includes Rs...
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LNP - Customs records revenue exceeding Rs. 1.5 trillion in 2024
By the end of 2024, the Sri Lanka Customs achieved a record-breaking revenue of over Rs. 1.5 trillion, marking the highest annual revenue in its histo...
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LNP - Sri Lanka’s inflation drops further in November 2024
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -1.7% in November 2024 from -0.7% in October ...
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LNP - Hybrid vehicle import tax based on engine capacity will reduce costs, satisfy all
If hybrid vehicle imports are taxed based on their engine capacity, it will satisfy both consumers and the government, while reducing the prices of ex...
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LNP - Cabinet approval to import salt to resolve shortage
The Cabinet of Ministers has granted approval for the import of up to 30,000 metric tons of non-iodized salt by the State Trading Corporation to addre...
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LNP - Sri Lanka to allow vehicle imports from February 2025
President Anura Kumara Dissanayake has announced that the government has decided to allow the import of vehicles for personal use, with effect from Fe...
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LNP - Expressway exits accept only local currency, inconveniencing tourists and locals: Official
Tourists and the local community face inconvenience when making payments at expressway toll gates, as they currently accept only Sri Lankan currency A...
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LNP - Sri Lanka’s economy grows 5.5% in Q3 2024
The year-on-year GDP growth rate for the third quarter of 2024 has been reported as 5.5 percent of positive growth rate, the Department of Census and ...
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LNP - New online portal launched to verify legally imported vehicles
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has launched an investigation into the nearly 6,000 vehicles across Sri La...
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LNP - Cinnamon Hotels & Resorts to energise Sri Lanka’s hill capital with the launch of Kandy Myst by Cinnamon
Cinnamon Hotels & Resorts, in partnership with Indra Traders, is set to expand its footprint in Sri Lanka’s hill capital, at the start of 2025, ...
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LNP - Sufficient stocks of eggs to meet market demand
The Sri Lanka Association of Animal Production announced today that sufficient stocks of eggs have been released to the market to prevent any shortage...
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LNP - November tourism earnings jump to US$ 273 mn on solid winter season arrivals
Tourism earnings in November 2024 recorded US$ 272.9 million, rising sharply from US$ 205.3 million in the same month a year ago and US$ 185.6 million...
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LNP - Sri Lanka eyes transforming tourism for thriving economy
Sri Lanka Tourism Development Authority (SLTDA) Chairman Buddhika Hewawasam on Thursday made a compelling case to transform the tourism industry to a ...
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LNP - Govt. approves resumption of vehicle imports from February after 5-year ban
The government has given the green light to resume vehicle imports, starting February next year, following a five-year suspension, President of the Ve...
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LNP - Discrepancies in issuance of permits to expatriate workers to import electric vehicles
By Sujith Hewajulige There have been abuses in the issuance of permits for expatriate workers to import electric vehicles, according to an audit repor...
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LNP - Jetstar Asia eyes Colombo as key market for regional growth and tourism
By Charumini de Silva Jetstar Asia yesterday launched its Colombo-Singapore direct route positioning itself as the only low-cost carrier connect...
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LNP - Sri Lanka’s inflation drops to -0.7% in October
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -0.7% in October 2024 from -0.2% in September...
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LNP - SL targets US $ 36bn in annual exports by 2029
By Nuzla Rizkiya The government has set its sights on an ambitious annual export revenue target of US $ 36 billion to be achieved by 2029, according t...
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LNP - Strategic branding key to SL’s success in India’s wedding market: Vandana Mohan
By Nishel Fernando Access to information and strategic branding are pivotal for Sri Lanka to emerge as a premier wedding destination for Indians, acco...
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LNP - ADB approves USD 200 mln loan to strengthen Sri Lanka’s financial sector reforms
The Asian Development Bank (ADB) today approved a $200 million policy-based loan to further help the Government of Sri Lanka strengthen its financial ...
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LNP - The Onslaught of the Beedi Industry and its Impact on Sri Lanka’s Economy
Lack of tax collectability results in dampening of government revenue ambitions While Sri Lanka has made notable progress in tobacco control, with pol...
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LNP - October remittances at US$ 588mn provide strong bulwark for economy
Worker remittances for October continued to come in stronger against both a month ago as well as a year ago period helping both the foreign currency r...
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