Sri Lanka Port City ICC unit gets 25-year tax holiday for Rs13.8bn residential towers

ECONOMYNEXT – ICC Port City (Private) Limited, which will build two high-end residential towers and luxury villas in the Colombo Port City, has been given a 25-year tax holiday and half the rate for the next 10 years. ICC Port City, which is promoted by …

Sri Lanka African Swine Fever epidemic waning after claiming 67,000 pigs

ECONOMYNEXT – The spread of African Swine Fever in the Sri Lanka is about 95 percent under control, Hemali Kothalawala, Director General of the Department of Animal Production and Health has said after 2,500 farms were infected, killing of 67,000 hogs and …

I learned to surf on Sri Lanka’s south coast – here’s what it was like

I was washed up on the beach, my tears mixing with the salt water. Snot trickled down my face as I mumbled to my surf instructor, “I need a break.” My body was tired, and my arms were starting to ache after what felt like the 800th pop-up and subsequent …

Australia A v Sri Lanka A | 2nd first-class match | Day 2

Aust A face mammoth task against Sri Lanka A in Darwin

Resuming on day two of the second four-day match at 4-263, Sri Lanka A fully punished rival captain Jason Sangha's decision to send them in, powering on to make 6-485 declared. In reply, the hosts were 1-76 at stumps at the Marrara Cricket Ground on …

Sri Lanka Catholics seek prosecution of sacked spy chief

Sri Lanka's Catholic Church on Monday demanded the criminal prosecution of the intelligence chief who was sacked for failing to prevent the 2019 Easter bombings that killed 279 people, including 45 foreigners.  Church spokesman Cyril Gamini Fernando …

Sri Lanka’s Rubber Exports under Threat amid U.S. Tariff Pressure

By: Staff Writer July 21, Colombo (LNW): Sri Lanka’s rubber industry, a vital pillar of the nation’s export economy, is facing mounting challenges in sustaining its competitiveness in international markets, particularly the United States. Once a robust …

Business Confidence Slips in June despite Sales Optimism in Sri Lanka

By: Staff Writer July 21, Colombo (LNW): After a brief resurgence in optimism during May, business confidence in Sri Lanka has taken a sharp turn in June, reflecting renewed concerns over the country’s economic trajectory, according to the latest edition …

Persistent corruption in Sri Lanka’s Public Sector triggers renewed crackdown

July 21, Colombo (LNW): Corruption within Sri Lanka’s public service continues to cast a long shadow over the nation’s governance, prompting intensified efforts by the country’s anti-graft watchdog, the Commission to Investigate Allegations of Bribery or …

Bus collision in Sri Lanka injures 21 people

COLOMBO, July 21 (Xinhua) -- Twenty-one people were injured in a head-on collision between a private bus and a state-owned Sri Lanka Transport Board (SLTB) bus in Kegalle, Sabaragamuwa province in central Sri Lanka, on Monday morning, police said. The …