A Japan-based firm involved in a scrapped light rail transit project had claimed 5,896 million rupees from Sri Lanka, the Auditor General revealed.

There was no Fuel Price Stabilization Fund functional since the Cabinet of Ministers approved such a proposal in March 2020, Energy Minister Udaya Gammanpila said. He s...

The continued prohibition on liquor sales due to existing travel restrictions in the country has dealt a crippling blow to the Excise Department with the loss of tax revenue exceeding a whopping Rs. 10 billion (Rs. 10,000 million) so far.

“Despite the huge increase in fuel prices in the world market, the government has managed to hold the current fuel prices without revising them for 21 months. Unfortunately, the government can no longer keep prices stable. There has never been a time in history wh...