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SriLankan loses Rs. 12.9 b in Q1
SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt.  ...
2024-11-05
The Morning
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Public Finance Committee clears 2022 Appropriation Bill
The Appropriation Bill for 2022 has been approved by  the  Committee  on Public  Finance. According to  the  Bill, which  was  tabled  in Parliament,  the total expenditure for 2022 is estima...
2021-10-31
Daily FT
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IRD warns of more revenue loss; urgent tax reforms not done
Secretary of the Inland Revenue Service Union (IRSU), told the Sunday Times that the IRD’s revenue had fallen from Rs1,025 billion in 2019 to just Rs 424 billion in 2020, due to the Government’s decision to drastically slash exis...
2021-10-30
Sunday Times
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LKR 27 BN losses in excise revenue due to Covid situation, COPA told
The Government has lost Rs. 27 billion in excise revenue this year due to the current COVID situation, Commissioner General of Excise M.J. Gunasiri has informed the Committee meeting on Public Accounts (COPA). He said that although the proje...
2021-10-27
Daily FT
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LKR 27 BN losses in excise revenue due to Covid situation, COPA told
The Government has lost Rs. 27 billion in excise revenue this year due to the current COVID situation, Commissioner General of Excise M.J. Gunasiri has informed the Committee meeting on Public Accounts (COPA). He said that although the proje...
2021-10-27
Daily FT
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