Sri Lanka has exceeded its tax revenue target for the first quarter of 2024, achieving 106% of the set goal. The Inland Revenue Department (IRD), Sri Lanka Customs, and the Excise Departme...

Sri Lanka has witnessed consecutive decreases in departures for foreign employment and passport issuances over several months. Departures dropped from 26,394 in August 2022 to 23,259 in December 2023, mirroring declines in passport issuances during the...

The proposed Public Financial Management (PFM) Act is crucial for securing the disbursement of the third tranche of the IMF's $3 billion bailout package.

Consumer prices in Sri Lanka, as measured by the National Consumer Price Index (NCPI), exhibited a softening trend in March. While the broader index showed a 2.5 percent increase from a year earlier, down from 5.1 percent in February, monthl...