Finance

Sri Lanka Investigates Rice Mill Stocks Amid Rising Prices and Food Tax

  • October 29, 2024

Sri Lanka’s Consumer Affairs Authority (CAA) has initiated investigations at several rice mills in the Polonnaruwa district, collecting data on rice stocks following a spike in prices for controlled rice grades. According to media reports, CAA officials first visited Nipuna Rice, owned by former state minister Siripala Gamlath. Gamlath stated that his company is selling

Read More
Finance

Government to Ease Vehicle Import Restrictions by 2025

  • July 30, 2024

State Minister of Finance Shehan Semasinghe announced yesterday that the Government plans to permit the importation of vehicles for private use starting in the first quarter of 2025. Additionally, permission for commercial vehicle imports will be granted by August this year. The initial phase will focus on allowing imports for business and transportation purposes. “Regarding

Read More