The state ministry of Provincila councils and Local Government (LG) has taken steps to intitiate 544 projects by local government bodies at a cost of Rs. 3,085.96 million for the provision of public services.

The Cabinet of Ministers this week reached a decision to remove all import taxes on milk powder to resume milk powder imports to the country while maintaining the controlled prices unchanged in the local market.

Declaring the proposed West Container Terminal (WCT) at the Colombo Port a Strategic Development Project, the Government of Sri Lanka has agreed to grant a 25-year tax holiday to India’s Adani Group and its local partner, John Keells H...

Sri Lanka is in line to receive an IMF disbursement of US$ 780 million on 23 August. This is because the IMF, due to the COVID-19 Pandemic, on Monday approved a general allocation of US$ 650 billion to its member countries. Based on Sri Lank...