The owner of the company which had allegedly imported the vials of substandard immunoglobulin, has been arrested by the Criminal Investigations Department (CID).

- Despite repeated orders, IRD fails to increase tax files

- IRD, Customs, Excise questioned on delay of digitalising files

- So far only 500,000 continue to be under tax net

- Govt. says compelled to increase VAT as State Depts fail to collect revenue

World Bank Managing Director for Operations Anna Bjerof and Regional Vice-President South Asia Martin Raiser, yesterday conducted a field visit to the Climate Smart Farmer Training School in Thirappane.

The turnover at the Colombo stock market slumped to a four-month low of Rs. 397 million as investors showed lacklustre interest amidst uncertainty over Budget 2024 and other factors.

The government has taken a firm policy decision to suspend the Strategic Development Projects (SDP) Act until the structures and processes are in place, and on the long term replace it with a new law, the Finance Ministry‘s fiscal policy department sources said.

In a significant leap towards recovery, Sri Lanka celebrated the arrival of over 1.1 million tourists, rekindling hopes of achieving the ambitious target of 1.55 million arrivals by the end of the year.

In a significant leap towards recovery, Sri Lanka celebrated the arrival of over 1.1 million tourists, rekindling hopes of achieving the ambitious target of 1.55 million arrivals by the end of the year.

In a strategic move to revitalise Sri Lanka’s domestic economy, the Government said yesterday it is placing a strong emphasis on two key components: expanding supply capacity and broadening market access.

While saying that Sri Lanka faces limitations in the available land for industrial purposes, hindering the growth of the industrial sector, Minister of Industry and Health, Dr. Ramesh Pathirana stated that measures are being taken to expand industrial land allocation, with a target of dedicating 1% of the nation's total land area for industrial purposes.