Sri Lanka is undergoing a legislative transformation, with Treasury Secretary Mahinda Siriwardana revealing plans to introduce new laws and revise existing ones based on past experiences and lessons learned. The focus lies on structural refo...

The Ministry of Finance in Sri Lanka has confirmed its intent to introduce a new National Property Tax (NPT), following recommendations from an International Monetary Fund (IMF) study. Contrary to rumors, the government clarified that only a...

The Advocata Institute in Colombo highlights the urgent need for reforms in Sri Lanka's State-owned Enterprises (SOEs), stressing that the government's procrastination is burdening taxpayers. With losses reaching Rs. 744.6 billion in 2022 alone, equivalent to si...

Senior Economist Richard Miller of the World Bank emphasized the necessity for Sri Lanka to persist with its State-Owned Enterprise (SOE) reform program, dismissing the argument against divesting profitable SOEs. He highlighted that privatiz...