Sri Lanka’s tax income during the first fiscal quarter has only narrowly missed the target set for the period, in a clear sign of robust economic recovery staged in the first three months of the year, which came with the return of normalcy. At the Public Finance W...

The EPF and Employees’ Trust Fund (ETF) are to be transformed  into a part-pension fund functioning under the Treasury, official sources said adding that the Finance Ministry has been directed to work out modalities of the pension scheme. The proposed pension...

The national sovereignty of Sri Lanka is becoming increasingly severely compromised by the poverty of its Government; the proposed tax exemptions for Port City will make it even poorer.

Sri Lanka has reclassified 2.2 billion US dollars of international sovereign bonds held by local entities like banks as domestic debt, while a collapse in secondary market prices of bonds also reduced external debt due to accounting treatment, official data show. Sri La...