Sri Lanka’s fragile economic recovery could be hampered by threatened trade union strikes over reduced benefits for government employees in this year’s budget, the International Monetary Fund warned ...

COLOMBO: Sri Lanka should avoid tax exemptions and focus on passing a national budget that is in line with parameters set by the International Monetary Fund to continue with a $2.9 billion program ...

Sri Lanka plans to trim the duration of tax holidays granted under a Strategic Development Act, and also limit tax breaks in ...