Sri Lankan tution class උසස් පෙළ ටියුෂන්
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Will Tuition Classes Be Taxed Soon?
Rs. 210 Billion Annual Tuition Economy Under Scrutiny

ByEditor

According to a report published by the state-owned Silumina newspaper on April 6, the Sri Lankan government is considering the possibility of imposing taxes on tuition classes. The government, which recently increased salaries for public sector employees, is now focusing heavily on boosting tax revenue. Prof. Wasantha Athukorala, Director of the Postgraduate Institute of Humanities…

BoC
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Bank of Ceylon to Issue Rs. 15 Billion in Debentures Soon
Initial issue valued at Rs. 10 billion, with option to extend amid high demand

ByEditor

The Bank of Ceylon (BoC) has announced plans to issue 100 million debentures valued at Rs. 100 each, totaling Rs. 10 billion. The bank also intends to issue an additional 50 million debentures worth Rs. 5 billion if there is high investor demand, bringing the potential total to Rs. 15 billion. Fitch Ratings has assigned…

CEB
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Electricity Tariffs Set to Increase by 10% Due to CEB Losses
Emergency tariff hike proposed ahead of July revision under 2024 regulatory guidelines

ByEditor

In a letter dated March 24, the Chairman of the Ceylon Electricity Board (CEB), Dr. Tilak Siyambalapitiya, informed Deputy Minister of Economic Development Prof. Anil Jayantha Fernando of an urgent electricity tariff hike in accordance with the guidelines issued by the Public Utilities Commission of Sri Lanka (PUCSL) in 2024, Anidda newspaper reported. Copies of…

Parate law of Sri Lanka
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Parate Law Reinstated in Sri Lanka:
A Looming Threat to Small and Medium Enterprises

ByEditor

The reimplementation of the controversial Parate Execution Law in Sri Lanka has sparked renewed debate across the business and legal sectors. The law, under the Recovery of Loans by Banks (Special Provisions) Act No. 4 of 1990, allows licensed commercial banks to auction properties mortgaged against loans without judicial proceedings if borrowers fail to settle…

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Is a property tax on the way?
A progressive tax levied by many states

ByEditor

At a press conference regarding the third review of Sri Lanka’s Extended Fund Facility from the International Monetary Fund (IMF), Sri Lanka Representative Peter Brewer highlighted the need for a property tax to ensure long-term economic stability. A property tax is a progressive tax imposed on the wealth of property owners, commonly practiced in many…

solar power Solar power for sustainable living සූර්ය පැනල මිල ගණනය කරන්නේ කෙසේද සූර්ය පැනල වල වාසි සූර්ය පැනල ස්ථාපනය කිරීමේ වියදම සූර්ය පැනල සඳහා රජයේ ආධාර සූර්ය පැනල සහ බැටරි ගබඩාව සූර්ය පැනල සඳහා මොනවාද අවශ්ය සූර්ය පැනල සහ විදුලි බිල
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Is CEB discouraging roof-top solar power?
Will the unit price be further reduced?

ByEditor

The Ceylon Electricity Board (CEB) is reportedly working to discourage solar power supplied to the national grid from rooftop solar panels, aiming to limit the amount of solar power acquired. Currently, the CEB pays Rs. 27 per unit for up to 500 kilowatts of roof-top solar energy supplied to the grid and Rs. 23 per…

Range Rover in Sri Lanka Vehicle import Importing vehicles Car import Vehicle import regulations වාහන මිලදී ගැනීම (Buying vehicles) වාහන අලුත්වැඩියා (Vehicle repairs) වාහන ලියාපදිංචි කිරීම (Vehicle registration) වාහන බීමාර්ග නීති (Vehicle traffic rules) වාහන ගාස්තු (Vehicle taxes)
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150 Range Rovers Ordered Following Lifting of Vehicle Import Ban
Around 150 million rupees

ByEditor

According to the state-owned Silumina newspaper, approximately 150 luxury Range Rover vehicles have already been ordered following the Sri Lankan government’s decision to lift the ban on vehicle imports. The price of a Range Rover is estimated to be around Rs. 150 million. These vehicles are expected to hit Sri Lankan roads by June 2025.

russeel Dilrukshi Priyadarshani from Athungama
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Women’s Participation in Sri Lanka’s Hospitality Industry Remains Below 10%, Says Uga Ulagalla Resort Manager

Bydaily reporter

Colombo: Women’s participation in Sri Lanka’s tourism and hospitality industry remains below 10%, according to Russell Clements, the General Manager of Public and Cultural Relations at Uga Ulagalla Resort. Clements highlighted that parental concerns about safety and the challenges of sustaining a career in the hospitality sector discourage many young women from entering the field. ““Parents’…

un Director of the Global Operations Division at the UN Office of the High Commissioner for Human Rights
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Sri Lanka Urged to Revive Civic Space by Lifting Unnecessary Regulations

Bydaily reporter

Maarit Kohonen Sheriff, Director of the Global Operations Division at the UN Office of the High Commissioner for Human Rights, has called on the Sri Lankan government to lift unnecessary regulations and restrictions on civil society and independent media to revive civic space. Speaking at the 58th Session of the Human Rights Council, Sheriff emphasized…

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Gold price hits record high in global market

Bydaily reporter

The spot gold price is trading at record highs and targets the psychological $3000 mark amid flight-to-safety inflows due to growing uncertainties regarding the Ukraine-Russia war and US President Trump’s tariff threats. Support can now be spotted around the recent record highs at $2942 to $2940, which because of inverse polarity, might act as a…