Sri Lanka Plans Simpler Tax System, Customs Levies to Be Phased Out From 2027

Oct 2, 2026 3 weeks ago 3 min read
Sri Lanka Plans Simpler Tax System, Customs Levies to Be Phased Out From 2027

COLOMBO, October 2, 2026 — The government plans to introduce a simplified tax framework from 2027, including the gradual removal of additional levies imposed alongside…

Rs. 22 Billion Uma Oya Development Project to Benefit 5,000 Families

Oct 2, 2026 3 weeks ago 2 min read
Rs. 22 Billion Uma Oya Development Project to Benefit 5,000 Families

COLOMBO, October 2, 2026 — A Rs. 22.017 billion development project aimed at strengthening irrigation and water security in Monaragala is expected to benefit approximately…

CSE Snaps Six-Session Losing Streak as Buying Interest Improves

Oct 2, 2026 3 weeks ago 3 min read
CSE Snaps Six-Session Losing Streak as Buying Interest Improves

COLOMBO, October 2, 2026 — The Colombo Stock Exchange snapped a six-session losing streak on Thursday, with both benchmark indices closing higher as buying interest…

India Approves $19 Billion Programme to Expand Renewable Energy Grid

Oct 2, 2026 3 weeks ago 3 min read
India Approves $19 Billion Programme to Expand Renewable Energy Grid

NEW DELHI, October 2, 2026 — India’s Cabinet has approved a Rs. 1.86 trillion (US$19.42 billion) investment programme to strengthen the country’s power transmission network…

Fuel Subsidy, Vehicle Import Surcharge Shield Economy from Stronger Inflation Pressure – CBSL Governor

Oct 1, 2026 3 weeks ago 3 min read
Fuel Subsidy, Vehicle Import Surcharge Shield Economy from Stronger Inflation Pressure – CBSL Governor

COLOMBO, October 1, 2026 — Sri Lanka’s fuel subsidy and higher taxes on vehicle imports have helped contain inflationary pressure while limiting foreign exchange outflows,…

Sri Lanka’s 2027 Budget Expenditure Set to Rise 12.6% to Rs. 4.99 Trillion

COLOMBO, October 19, 2026 — Sri Lanka’s total government expenditure is projected to increase by 12.6% to Rs. 4.993 trillion…

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