SC Reviews Petition Over Alleged Rs. 85 Billion Loss from Lotus Tower Casino License
The Supreme Court (SC) recently addressed a petition alleging that the State incurred a loss of Rs. 85 billion due to the previous.
Government Regulations
Government Regulations
Sri Lanka Cabinet Approves Bill to Modernize Cross-Border Trade
In a landmark decision, Sri Lanka’s Cabinet has approved the National Trade Facilitation Roadmap bill, marking a significant advancement in the country’s efforts.
- September 23, 2024
Government Regulations
Government to Relax Rules on Repatriation of Export Earnings
The Government has announced plans to ease the current regulations on the repatriation of export earnings in response to feedback from exporters and.
- August 14, 2024
Government Regulations
Policy and Regulation
Sri Lanka Extends Free Visa Program, Tourist Arrivals Surge
Sri Lanka has announced the extension of its free visa on arrival program, initially offered as a pilot project to seven countries: India,.
- April 3, 2024
Government Regulations
Policy and Regulation
The Minimum Room Rate Debate: A Threat to Sri Lanka’s Tourism Revival?
The Sri Lankan tourism industry is embroiled in a heated debate regarding the recently implemented Minimum Room Rates (MRR). While the Sri Lanka.
- April 3, 2024
Government Regulations
Policy and Regulation
Central Bank of Sri Lanka Cuts Interest Rates to Stimulate Economy
The Central Bank of Sri Lanka (CBSL) took a significant step to boost the economy on March 25th, 2024, by reducing key interest.
- March 26, 2024
Government Regulations
Policy and Regulation
Widening the Tax Net: Sri Lanka Mandates Information Sharing with CGIR
In a move to strengthen tax compliance and administration, the Sri Lankan government has announced a new regulation mandating information sharing with the.
- March 25, 2024
Government Regulations
Policy and Regulation
Tech
Technological Advancements
Sri Lanka Streamlines Customs Bonded Warehouse Framework
The Sri Lankan Cabinet of Ministers has approved a revised policy framework governing Customs Bonded Warehouses (CBWs). This move aims to modernize the.
- March 6, 2024