Chanka Jayasinghe

Sri Lanka’s merchandise exports fell 5.59 percent in May 2023 from a year earlier to 989.7 million US dollars, due to a drop in apparel, textile and coconut exports, data from the island’s Export Development Board showed.

Sri Lanka is proposing to set up special tax courts, State Minister for Finance Ranjith Siyambalpitiya said as the country plans to increase its tax revenues in 2023.

Sri Lanka President Ranil Wickremsinghe has appointed R.M.A.L. Rathnayake, a former Additional Commissioner General of Elections, has been appointed as the Chairman of the Election Commission, President’s Media Division said.

Sri Lanka President Ranil Wickremsinghe has appointed R.M.A.L. Rathnayake, a former Additional Commissioner General of Elections, has been appointed as the Chairman of the Election Commission, President’s Media Division said.

Air Vice Marshal Udeni Rajpaksa has been appointed as the new Air Force Commander of the Air Force on June 29 after Air Marshal Sudarshana Pathirana relinquishes his post, Presidents Media Division said.

Sri Lanka state run Ceylon Petroleum Corporation has raised the price of 92 Octane petrol by 10 rupees to 328 rupees, effective from June 30 mid night.

Sri Lanka's Sampath Bank said it plans to raise up to 10 billion rupees through an issue of 100 million debentures at 100 rupees each, to strengthen its Tier 2 Capital Base.

Sri Lanka's government must conclude the bond exchange in December to sustain momentum and unlock further growth opportunities, a former state minister of finance has said.

US diplomat Donald Lu has met Sri Lanka's Foreign Minister Vijitha Herath to discuss tailored programs, capacity-building, and technical assistance.

Sri Lanka’s Asia Asset Finance said it plans to raise up to 2 billion rupees through an issue of 20 million debentures at 100 rupees each.