COLOMBO (News 1st); Sri Lanka is preparing to introduce a nationwide property tax system by the first half of 2027, according to the latest staff report released by the International Monetary Fund (IMF).The initiative, which forms part of the government’s broader revenue mobilization strategy, is ex...

COLOMBO (News 1st); The World Bank has released its annual update on country income classifications, reaffirming Sri Lanka’s status as a lower-middle-income economy for the fiscal year 2026.The classification is based on Gross National Income (GNI) per capita for the previous year, calculated using ...

COLOMBO (News 1st); Akio Isomata, Ambassador of Japan to Sri Lanka and Azusa Kubota, Resident Representative, United Nations Development Programme (UNDP) in Sri Lanka, in the presence of the Minister of Justice, Harshana Nanayakkara, marked the launch of the new project titled ‘The Project for Promo...

COLOMBO (News 1st); The discovery of a charred body inside a jeep in Katupotha has sparked a suspected homicide investigation, with the Mahawa Magistrate’s Court ordering police to arrest all suspects involved and produce them before the court without delay.The order was issued by Magistrate Narthan...

COLOMBO (News 1st); The World Bank Group and the International Atomic Energy Agency (IAEA) sealed an agreement to work together to support the safe, secure and responsible use of nuclear energy in developing countries. The partnership agreement, signed by World Bank Group President Ajay Banga a...