The Cabinet of Ministers in Sri Lanka has approved a proposal to increase the national minimum wage by Rs. 5,000. As a result, the minimum wage will rise from Rs. 12,500 to Rs. 17,500. This decision comes following a recommendation from a te...

Sri Lanka's central bank has reduced its policy corridor by 50 basis points, with rates now set at 8.50 percent (floor) and 9.50 percent (ceiling), attributing the move to stable external conditions and low inflation. Factors such as sub...

The International Monetary Fund (IMF) recommends Sri Lanka to increase tax collection, end corporate tax exemptions, and undergo macroeconomic reforms. Notably, it emphasizes securing agreements with private bondholders and China. Despite ob...

The Sri Lankan government plans to raise the income tax threshold from Rs. 100,000 to Rs. 150,000 per month starting next month. This measure aims to encourage more people to register for mandatory income tax, enhancing tax system transparen...