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2025 Budget Targets Inclusive Growth Through Bold Reforms: Ceylon Chamber of Commerce
The Ceylon Chamber of Commerce welcomes bold proposals in the budget that align with its recommendations, Sri Lanka Economic Summit discussions, and Vision 2030 goals. The 2025 Budget focuses on stability, governance, public relief, tackling corruption, and driving inclusive growth. The Budget emphasises infrastructure expansion through Public-Private Partnerships (PPPs) and digital economy initiatives, providing a […]
Sri Lanka Bank’s Association welcomes budget as “Positive,” stresses importance of implementation
Sri Lanka’s banks have welcomed the maiden budget of the new government, describing it as “positive” and one that seeks to maintain policy consistency, especially on the fiscal path. In a statement, the Sri Lanka Banks’ Association (SLBA), which represents all licensed banks in Sri Lanka, commended the budget proposals presented to Parliament by President […]
‘s Ratings
Sri Lanka’s 2025 budget signals a strong commitment to adhering to the International Monetary Fund (IMF) programme, with a focus on achieving a primary surplus and introducing new revenue sources to offset shortfalls resulting from tax policy changes. Christian Fang, Vice President – Senior Analyst at Moody’s Ratings, stated, “Sri Lanka’s draft 2025 budget demonstrates […]
Acting President of Court of Appeal Justice Mohammed Thahir Laffar’s Term Extended
The term of Acting President of the Court of Appeal Justice Mohammed Thahir Laffar has been extended. Accordingly, Justice Mohammed Thahir Laffar took his oath before President Anura Kumara Disanayake at the Presidential Secretariat today (17). Secretary to the President Dr. Nandika Sanath Kumanayake was also present on this occasion.
Sri Lanka Announces Bus Sector Modernization with New Fleet of 300 Advanced Buses
The government has proposed the introduction of a modern and comfortable fleet of technologically advanced buses on a pilot basis. As part of this initiative, 100 air-suspension, low-floor, comfortable buses will be deployed along three main road corridors within Colombo city. The government has proposed allocating Rs. 3,000 million for the procurement of these 100 […]
Govt Allocates Rs. 20 Bn to Sign Deal with Banks for SriLankan Airlines Legacy Debt Settlement
To address the financial burdens of SriLankan Airlines (SLA), the government has announced a plan to settle the airline’s legacy debt. Despite previous governments’ attempts to divest state ownership and attract private investment, SLA continues to play a crucial role in the transportation of passengers and cargo by air. To alleviate the financial strain, the […]
Government Announces Special Interest Scheme for Senior Citizens with 3-pct Additional Interest
The government has introduced a Special Interest Scheme to be implemented from July 2025. Under this scheme, individuals above 60 years of age will be eligible for one-year fixed deposits of up to Rs. 1 million, with an additional interest rate of 3 percent above the prevailing market rates. To support this scheme, the government […]
