For decades, Sri Lanka has wooed foreign investors with a familiar playbook: “Come to us, and we won’t tax your profits for ...

Sri Lanka’s steadily declining tax-to-GDP ratio is the heart of a much deeper problem in the country, former Indian Chief ...

COLOMBO (Reuters) -Sri Lanka's economy is expected to grow again from the end of this year and the government hopes the country will emerge from an economic crisis by 2026, the president said on ...

Sri Lanka’s economy has “stabilised decisively” under its International Monetary Fund (IMF)-supported programme, with growth rebounding, tax revenues doubling, and inflation sharply declining, a ...

COLOMBO (Reuters) -Sri Lanka should avoid tax exemptions and focus on passing a national budget that is in line with parameters set by the International Monetary Fund to continue with a $2.9 billion ...

Tens of thousands of Sri Lankan workers have taken strike action and protested in recent weeks over increased taxes, slashed allowances, higher bank loan interest rates and other social attacks by the ...

Sri Lanka’s globally renowned gem and jewellery industry has received a timely boost with the introduction of a revised tax ...

Sri Lanka’s inflation accelerated for a fourth straight month in January, fueled by a hike in value-added tax and higher food costs. The consumer price index in Colombo rose 6.4% from a year ago, the ...

In 2020, Sri Lanka went through its worst bout of macroeconomic instability since winning independence. The COVID-19 pandemic is not the only cause of this instability; the economy has long been beset ...