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Political and Social News

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Under intense pressure, the Government yesterday announced revision to the circular on personal income tax relaxing certain incentives provided for an employee whose monthly income exceeds Rs. 100,000.

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The tourist arrivals to Sri Lanka in the first week of February crossed over 26,000, propelling the cumulative figure to 129,051 continuing the growth momentum.

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A corruption case filed against Minister Keheliya Rambukwella and former State Printing Corporation (SPC) Chairman Jayampathi Bandara Heenkenda was today fixed for further pre-trial to be held on March 9 by Colombo High Court.

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A corruption case filed against Minister Keheliya Rambukwella and former State Printing Corporation (SPC) Chairman Jayampathi Bandara Heenkenda was today fixed for further pre-trial to be held on March 9 by Colombo High Court.

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Paris Club Creditors have agreed to provide financing assurances to support the International Monetary Fund's approval of an extended fund facility (EFF) for Sri Lanka, the Paris Club said on Tuesday.

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The Sri Lankan expatriate community in Qatar, which is around 120,000, generates about $600mn in remittances to the South Asian nation’s economy, the country’s top diplomat in Qatar has said.

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Disclosing the expenses of the Independence Day celebration, the President's Office said the government spent only Rs. 11 million on the 75th National Independence Day celebrations this year.

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Amid rising costs and taxes and the non-delivery of a timely International Monetary Fund (IMF) bailout, things are looking increasingly bleak for Sri Lanka on the economic front. This, amid a dismal budgetary situation that seems unsurmountable, informed official sources said.

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