PUCSL to announce new reduced Electricity Tariffs after public consultation

The Public Utilities Commission of Sri Lanka (PUCSL) announced that it will release its second electricity tariff revision on July 15, 2024.



Sri Lankan President’s proposal to extend Attorney General’s term rejected

The Constitutional Council has rejected Sri Lankan President Ranil Wickremesinghe’s proposal to extend the term of Attorney General Sanjay Rajaratnam by an additional six months.



Sri Lankan President announces new Wealth Tax on Rental Income

Sri Lankan President Ranil Wickremesinghe addressed the Sri Lankan Parliament today, unveiling a new wealth tax initiative targeting rental income.



Coconut Development Authority opposes unjustified coconut oil price increase

The Coconut Development Authority in Sri Lanka states that there is no justifiable reason to increase the price of coconut oil in the market.



Sri Lanka’s Supreme Court flags Telecom Bill inconsistencies

Speaker Mahinda Yapa Abeywardana announced this morning (June 18) the Supreme Court’s determination on the Telecommunications (Amendment) Bill in Parliament of Sri Lanka.



Sri Lanka’s Finance Ministry clarifies Imputed Rental Income Tax

Sri Lanka’s Ministry of Finance, Economic Stabilization and National Policies issued a press release on June 16, 2024, to address speculations regarding a proposed property tax mentioned in the International Monetary Fund (IMF) Extended Fund Facility (EFF) program documents.



Coconut oil prices in Sri Lanka expected to continue rising

The price of a liter of coconut oil in Sri Lanka has increased by around Rs. 100, the National Consumer Front (NCF) announced today (June 17).



Sri Lankan President’s Hajj Message: Emphasizing Sacrifice, Unity, and Global Peace

Sri Lankan President Ranil Wickremesinghe’s Hajj message highlights the importance of sacrifice, harmony, and unity among Muslims worldwide.



Water supply disrupted in multiple areas following pipeline damage in Godagama

The National Water Supply and Drainage Board (NWSDB) has announced that the water supply in the areas of Godagama, Homagama, Pannipitiya, Pelanwatta, Rukmalgama, and Mattegoda has been interrupted until further notice.



Sri Lanka Navy seizes fishing trawler carrying 131 kg of heroin valued at over Rs. 3250 million

Based on intelligence information received from the Sri Lanka Coast Guard, the Sri Lanka Navy seized a local multi-day fishing trawler on suspicion of smuggling drugs during a special operation carried out about 356 nautical miles (700 km) off Dondra Head in southern waters.



World Bank upgrades Sri Lanka’s 2024 growth forecast to 2.2% amid tourism rebound

The World Bank has updated its economic outlook for Sri Lanka, forecasting a modest expansion of 2.2% in 2024.



Indian External Affairs Minister Dr. S. Jaishankar to Visit Sri Lanka on June 20, 2024

The Ministry of Foreign Affairs has announced that Dr. S. Jaishankar, India’s External Affairs Minister, will arrive in Sri Lanka for an official visit on June 20, 2024.



Draft constitution for Sri Lanka Cricket board presented to President

The draft constitution prepared by the Judge Chitrasiri Committee for the Sri Lanka Cricket Board was presented to Sri Lankan President Ranil Wickremesinghe at the Presidential Secretariat today (June 15).



Sri Lanka deploys Drones to combat Forest Destruction

Sri Lanka’s Forest Conservation Department announced that drone operations will commence today (June 14), to detect forest destruction.



United States encourages Sri Lanka to stay committed to reforms

The U.S. Ambassador in Colombo, Julie Chung, says that the United States welcomes the International Monetary Fund’s (IMF) approval of Sri Lanka’s second review of the Extended Fund Facility (EFF) programme.



IMF reports Sri Lanka’s roadmap to relax motor vehicle import restrictions by 2025

The International Monetary Fund (IMF) announced today (June 14) that Sri Lankan authorities have formulated an initial roadmap to relax restrictions on motor vehicle imports by 2025.