Business

An individual named Gayan Wickramathilake, who allegedly maintained the ‘OnmaxDT’ database, has been arrested by the Criminal Investigation Department (CID) in Dubai for the alleged fraudulent pyramid scheme.

India and Sri Lanka on Saturday held a meeting to strengthen ties between both the countries in the areas of critical minerals, exploration, and mining.

The Cabinet of Ministers has approved the proposal presented by the Minister of Power and Energy to take further necessary

The Sri Lankan government’s budget highlights the authorities’ commitment to raising fiscal revenues as a share of GDP – an approach that, if successful, would alleviate a long-standing weakness in the sovereign’s credit profile, says Fitch Ratings.

The government has allocated Rs.3 billion for its digital transformation strategies this year, as part of its efforts to generate US $ 15 billion in revenue through the digital economy by 2030.

The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on February 28, 2025 to discuss and approve third review of Sri Lanka’s Extended Fund Facility (EFF) programme.

With the Rs. 10 price reduction on a kilogram of wheat flour, the bakery owners have agreed on a price

Budget 2025 sets out a total government expenditure of LKR 7,190 billion, marking a 17% increase from the LKR 6,131 billion allocated in 2024. As a share of Gross Domestic Product (GDP), government spending is set to rise from 20.4% to 21.8%.

The Government is proposing to lease underutilized state-owned land to SMEs for productive economic activities under the budget 2025.

The budget 2025 has allocated Rs. 20 billion for national carrier SriLankan Airlines, for the repayment of the principal and interest of its loan.