Business

Skype, the video calling platform that made headlines in the early 2000s, may finally be shutting down

The tax burden on individuals providing services to foreign countries while residing in Sri Lanka has increased. However, they have the option to keep their income abroad without bringing it into the country.

Sri Lanka’s export earnings for January 2025 were recorded at USD 1.334 billion, marking a promising start to the year and reflecting a 10.3% increase over the same period in 2024.

Sri Lanka’s variety of attractions in a compact destination as well as a new casino set to open in Colombo mid-2025 will provide Indian travellers with more reasons to visit, say Indian tourism officials.

The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has decreased to -4.2% in February 2025, compared to -4% in January 2025, according to the latest data released by the Department of Census and Statistics.

The Colombo Magistrate’s Court ordered today (27) that two former officials of the ‘Maga Neguma’ Company, who were arrested for aiding and abetting in the alleged criminal misappropriation of company funds, be further remanded in custody until March 3.

Minister of Labour and Deputy Minister of Economic Development Prof. Anil Jayantha Fernando addressed concerns regarding the taxation of individuals earning foreign revenue through digital services.

President Anura Kumara Dissanayake has met with Ambassador of Japan to Sri Lanka, Mr. Akio Isomata, this morning (27) at the Presidential Secretariat.

The Central Bank of Sri Lanka (CBSL) has issued a warning against the use of word ‘Finance’ in business names.

As the first shipment of vehicles is expected to arrive in Sri Lanka today since the government relaxed import restrictions on February 2, and we learns that almost all the new vehicles have been booked by customers and a waiting list is also now in progress.