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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India and China Battle for Dominance in Sri Lanka’s Vehicle Market
Tata, Maruti Suzuki, Mahendra, BAIC Micro, BYD etc.

ByEditor

Sri Lanka’s automobile market has become a focal point for competition between Indian and Chinese automobile manufacturers, each striving to establish a strong presence in this strategically located island nation. ​ Indian Automotive Influence Indian automobile manufacturers have a longstanding relationship with Sri Lanka, historically dominating sectors such as motorcycles and three-wheelers (tuk-tuks). Prior to 2020,…

Rukdewi-fernando බදු ආදායම බදු ගෙවන්නේ කෙසේද ආදායම් බදු ගණනය බදු පනත ආදායම් බදු පොරොන්තු Tax Revenue How to Pay Taxes Income Tax Calculation Tax Laws in Sri Lanka Income Tax Returns
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A woman to lead the Tax Department
Rukdevi Fernando

ByEditor

A woman has been appointed as the 39th Commissioner General of the Inland Revenue Department, with the responsibility of increasing Sri Lanka’s tax revenue to 15% of the Gross Domestic Product (GDP). The new Commissioner General is Rukdevi Fernando, also known as I.R.D. Fernando. Fernando emphasized that her focus will be on expanding the tax…

oral health WHO දන්ත සෞඛ්‍ය දත් බෙහෙත් දත් පිරිසිදු කිරීම දත් වලට සම්බන්ධ ගැටළු දන්ත චිකිත්සා

Half of Sri Lanka’s Population Brushes Their Teeth Only Once a Day

ByEditor

Specialist Dr. Nilantha Ratnayake of the Sri Lanka Dental Association revealed that 50% of Sri Lanka’s population brushes their teeth only once a day. He expressed this observation during a press conference held to mark World Oral Health Day which falls on March 20. According to Dr. Ratnayake, oral diseases are among the most common…

Sri Lanka biometric ID
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Sri Lanka to Secure Biometric Data with Cryptographic Hashing
New e-NIC Cards to be Issued

ByEditor

Sri Lanka will secure biometric data for its national ID system using cryptographic hashing, which converts data into non-reversible random values for enhanced security. Waruna Sri Dhanapala, Acting Secretary of the Ministry of Digital Economy, said this measure will protect user identities and prevent unauthorized access. Sanjaya Karunasena, ICTA Director, highlighted that biometric-backed digital identity…

meeting at Presidential Secretariat Consumer Rights Protection Consumer Rights Protection Act Consumer Rights Protection Act summary Consumer Rights Protection Act PDF
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New Consumer Rights Protection Initiative Launched
Under “Clean Sri Lanka” Programme

ByEditor

On March 15, 2025, coinciding with World Consumer Rights Day, a new initiative aimed at protecting consumer rights was launched under the “Clean Sri Lanka” Programme. The launch event took place at the Presidential Secretariat, with the participation of Dr. Nandika Sanath Kumanayake, Secretary to the President, and senior officials from various ministries including Health,…

RTI Right to Information Act තොරතුරු දැනගැනීමේ අයිතිවාසිකම යනු කුමක්ද තොරතුරු දැනගැනීමේ අයිතිවාසිකමේ වැදගත්කම ශ්‍රී ලංකාවේ තොරතුරු දැනගැනීමේ අයිතිවාසිකම
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Court Rules CA Sri Lanka Subject to RTI Act
Institute of Chartered Accountants of Sri Lanka accountable under the RTI law

ByEditor

The Court of Appeal has ruled that the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is subject to the Right to Information (RTI) Act, reinforcing citizens’ right to access information from professional bodies performing public functions. The judgment, delivered on 6 March, upheld the RTI Commission’s decision that CA Sri Lanka, despite…