COLOMBO (News 1st) - The Government Medical Officers Association has once again announced plans for an islandwide strike, claiming that the government has failed to resolve the problems faced by doctors within the Health sector. Issuing a statement, the GMOA said that while authorities including ...

COLOMBO (News 1st) - Former Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal has issued a statement responding to the allegations detailed in the report published by the New York Times. On Monday the 25th of this month, the New York Times published an investigative report headlined 'Ho...

COLOMBO (News 1st) - A seminar on the Inland Revenue Act (IRA) was held in Colombo. Group Director of the Capital Maharaja Organisation Limited, Chandima Rodrigo, moderated the panel discussion.   ...

COLOMBO (News 1st) - The Moody’s investor service has revealed through a statement that Sri Lanka's large debt burden and weak debt affordability are weighing on the country's sovereign credit profile. Sri Lanka's government debt to GDP ration for the year 2017 according to Moody’s is around 80%,...

COLOMBO (News 1st) - According to the Ministry of Finance a new Inland Revenue Act is scheduled to come into effect today (1st April). Following the new Inland Revenue Act, a number of tax amendments will take place with effect from tomorrow (2nd April). The Payee Tax is one of the key areas that...