Sri Lanka has cut an export tax on tea to 3 rupees a kilogram and abolished a regulation issued in 2010 dealing with the collection and use of the money for promotions, according a government notice. 

The Third Reading of the Appropriation Bill 2022 was passed with a majority of 93 votes on Friday (10). The voting took place at 6:05 p.m. A total of 157 voted in favour to 64 against. The voting took place at 6:05 p.m. Minister of Finance B...

Minister of Finance Basil Rajapaksa said the importation of vehicles and new staff recruitments to the public sector will not be permitted in 2022. While noting that efforts should be made to stop the importation of milk powder, Rajapaksa ad...

Excessively high taxation of Sri Lanka telecom firms in recent years had hurt investment in rural areas but internet use had gone up sharply during the Coronavirus pandemic, the regulator said.In 2016 and 2017 telecommunication industry was...