Anil Jayantha Fernando

CBSL new rules and Rs 20 mn supplementary estimate in the spotlight as economic woes mount

Sri Lanka imposed a three-month surcharge on vehicle imports starting May 16, raising customs duties from 30 to 45 percent, to ease foreign exchange pressure and encourage buyers to delay purchases during economic recovery efforts.

A Bill to repeal the Chief of Defence Staff Act has been gazetted, paving way for the post's abolition.

Sri Lanka imposed a 50% surcharge on vehicle imports to combat its depreciating rupee, which fell over 3% against the dollar amid Iran war-driven fuel costs, aiming to defer purchases and preserve dwindling foreign currency reserves.

Sri Lanka imposed a 50% surcharge on car imports to combat currency depreciation, with the rupee weakening over 3% against the dollar amid external pressures and rising fuel costs, aiming to preserve foreign reserves.

A US submarine torpedoed an Iranian ship near Sri Lanka, killing 87 sailors.

Amith Weerasinghe, ex-leader of Mahason Balakaya, was arrested over cabana fraud allegations.

Sri Lanka's opposition leader criticizes the government's 50% surcharge on vehicle imports.

Sri Lanka imposed a 50 percent surcharge on vehicle import duties Saturday to discourage imports and protect foreign reserves amid Middle East conflict-driven oil price increases and rupee depreciation affecting the country's economic recovery.

Government retains QR-based fuel distribution to control consumption amid conflict.

Police urge parents to strengthen family bonds to prevent teenage pregnancies in Sri Lanka.

Sri Lanka implemented a 50 percent surcharge on vehicle imports to stabilize its declining currency amid ongoing economic pressures, representing the government's latest intervention to stem capital outflows and protect foreign exchange reserves.

Trump escalates Iran pressure amid China's 200 Boeing deal, while Israel strikes Lebanon after ceasefire, killing Hamas leader Al Haddad; Gaza reports 870 deaths since October ceasefire began.