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Govt. tightens Port City incentives to align with IMF program

Daily FT

|

September 24, 2025

SRI Lanka has overhauled the incentive regime for the Colombo Port City Special Economic Zone, cutting back generous tax holidays and raising investment thresholds in line with its IMF-backed fiscal reforms.

The new framework, published in a gazette on 20 September, replaces the previous rules that lapsed in August and will be in force for five years. Issued by President Anura Kumara Disanayake in his capacity as Finance Minister, the regulations scale down exemptions that once ran as long as 25 years.

Under the new rules, a project must qualify as a 'Primary Business of Strategic Importance' to secure tax benefits.

Daily FT से और कहानियाँ

Daily FT

SEC eases Minimum Public Holding rules for listings via Introductions

Says move aimed at boosting market flexibility

time to read

3 mins

January 01, 2026

Daily FT

Govt. unveils National Electricity Policy in push for cost-reflective tariffs, reforms

Energy Ministry invites public consultations on or before 9 January Energy pricing, reforms crucial components of IMF EFF program

time to read

3 mins

January 01, 2026

Daily FT

Right of Reply: BPPE responds to PMAC over water contracts

BUSINESS Promoters & Partners Engineering Ltd., (BPPE) has issued the following Right of Reply to the artide headlined RTI exposes irregularities in SL water contracts involving Chinese SOES-PMAC calls for accountability and urgent probe into unsolicited bids and inflated costs published in the Daily FT on 29 November 2025:

time to read

1 min

January 01, 2026

Daily FT

Daily FT

Gangaramaya Temple City taking shape to be world-class tourist and cultural hub

Rs. 600 m initiative part of Colombo City Tourism Attraction Enhancement Program being implemented in collaboration with Western Province Governor, UDA, and Gangaramaya Temple/ Sri Jinarathana Adyapana Ayathana Palaka Sabhawa 550-seat performance hall, heritage galleries, exhibition spaces, and outdoor recreational areas designed to host cultural performances, educational workshops, and community events

time to read

2 mins

January 01, 2026

Daily FT

Daily FT

Staying competitive by transferring pay risks through performance-based compensation

MY interest in performance-based compensation in Sri Lanka heightened when combating the trickle-down effects of the Global Financial Crisis of 2008 and the end of the civil war in 2009.

time to read

9 mins

January 01, 2026

Daily FT

Sri Lanka needs more than transparency to break the cycle of corruption: University of London Economists

SRI Lanka will not escape another cycle of unsustainable public debt if it relies only on transparency and traditional “good governance” reforms without creating real pressure from actors who can enforce rules in their own interest, senior economists from SOAS University of London warned in Colombo last week.

time to read

9 mins

January 01, 2026

Daily FT

CCPI remains steady in December

HEADLINE inflation, as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index (CCPI), remained steady in December 2025 for the second consecutive month.

time to read

1 mins

January 01, 2026

Daily FT

Daily FT

India doubles financial commitment to 3 housing projects in North and South

INDIAN has announced a doubling of financial commitment to three housing projects in the Northern and Southern Provinces.

time to read

2 mins

January 01, 2026

Daily FT

New CEO at Siyapatha Finance assumes office today

■Veteran Ananda Seneviratne concludes his tenure as Managing Director

time to read

2 mins

January 01, 2026

Daily FT

Daily FT

Rebranding Sri Lanka is a collective responsibility: Booking.com Regional Chief

BOOKING.COM Regional Head for South Asia Santosh Kumar said rebranding Sri Lanka and unlocking its next phase of economic growth will require a collective national effort that goes well beyond Government-led initiatives, stressing that recovery alone is not a long-term strategy for sustainable development.

time to read

2 mins

January 01, 2026

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