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President to revenue agencies: Fiscal discipline non-negotiable

Daily FT

|

December 31, 2025

President Anura Kumara Dissanayake commends record collections, sets tone for 2026 and beyond Checks on governance mechanisms, asks for detailed plans for progress Sri Lanka Customs enters 2026 with a surplus of Rs. 300 b, exceeding its revenue targets Highest revenue in 93-year history of Inland Revenue collected in 2025; Rs. 33 b over target Excise Department on track to outperform for first time in its history, reach 102% of target

President to revenue agencies: Fiscal discipline non-negotiable

PRESIDENT and Finance Minister Anura Kumara Dissanayake visited Sri Lanka Customs, the Inland Revenue Department and the Excise Department yesterday to commend record-breaking performances and to deliver a clear message: sustained revenue mobilisation, strict enforcement and institutional integrity are now central to economic stability.

President Dissanayake visited the three main revenue agencies of the Government-Sri Lanka Customs, the Inland Revenue Department, and the Excise Department to commend their record-breaking performances and discuss their plans for 2026 and beyond.

The year 2025 has been recorded as the highest revenue-earning year in the history of Sri Lanka Customs, according to Sri Lanka Customs Director General S. P. Arukgoda, who noted that the Department surpassed its expected revenue target of Rs.2,115 billion, enabling it to enter 2026 with an additional surplus of approximately Rs. 300 billion.

According to President's Media Division, during the visit, the President engaged in extensive discussions with the Director General, Directors and senior officials of the Department.

Commending the vital role played by Sri Lanka Customs in generating much-needed State revenue and contributing to economic and social stability, the President expressed his appreciation to all Customs employees for their commitment and service.

Emphasising that Sri Lanka Customs is one of the country's key revenue-generating institutions, the President highlighted the importance of maintaining operations in an efficient, transparent and accountable manner. He also called upon all officers to work collectively, with renewed plans and strategies, to lead the country towards economic success in 2026.

FLERE HISTORIER FRA Daily FT

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1 min

December 19, 2025

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SSC certainly mean business

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time to read

1 mins

December 19, 2025

Daily FT

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HNB General Insurance wins Gold award in Insurance Sector at National Management Excellence Awards 2025

HNB General Insurance has been crowned the Gold Winner in the Insurance Sector at the National Management Excellence Awards (NMEA) 2025, organised by the Institute of Management of Sri Lanka (IMSL).

time to read

2 mins

December 19, 2025

Daily FT

Sampath Bank announces two-year Rs. 20 b capital raising program

SAMPATH Bank PLC has moved to strengthen its Basel III Tier Il regulatory capital through a proposed Rs. 20 billion listed debenture program, to be implemented in phases over the next two years.

time to read

1 min

December 19, 2025

Daily FT

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Evolution Auto launches Riddara RD6 Active

Auto has officially announced the launch of the Riddara RD6 Active, the country's latest all-electric double-cab pickup, which was unveiled at the prestigious BMICH Motor Show.

time to read

2 mins

December 19, 2025

Daily FT

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Tourism levy revenue rises as Govt. pushes unified nation brand and community-centred growth

Tourism Minister Vijitha Herath SRI Lanka's tourism sector is being steered towards a more integrated, communityfocused, and strategically branded future, with revenues from the Tourism Development Levy (TDL) continuing to rise and a renewed policy emphasis on positioning the country under a single national brand, Foreign Affairs, Foreign Employment and Tourism Minister Vijitha Herath told Parliament.

time to read

3 mins

December 19, 2025

Daily FT

Daily FT

Colombo Shopping Festival 40th edition officially inaugurated

THE 40th edition of Colombo Shopping Festival was has inaugurated by, Aitken Spence Travels Managing Director Nalin Jayasundera with the participation of event partners and exhibitors.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

HNB strengthens national response to Cyclone Ditwah with Rs. 100 m commitment

HNB PLC has contributed Rs. 100 million towards the Rebuilding Sri Lanka Fund, reinforcing its commitment to national recovery efforts following the devastation caused by Cyclone Ditwah.

time to read

1 min

December 19, 2025

Daily FT

Daily FT

Economist warns IMF RFI too costly for Sri Lanka

Verité Research Chief warns Sri Lanka poised to repeat past mistakes amid cyclone recovery funding push Argues IMF RFI financing effective rate exceeds 6% and time-based surcharges add further 2.75% after three years IMF Executive Board decides on $ 200 m RFI today

time to read

3 mins

December 19, 2025

Daily FT

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Appeals Court clears Home LandsPentara project to proceed

Court refuses injunctions with costs, Home Lands continues with Rs. 30-35 b Pentara Residences construction Notes that Home Lands had obtained all necessary approvals from relevant authorities, and engaged in the construction process for several months Project is largest residential development investment, and Rs. 4.5 b land transaction highest in history of Colombo

time to read

3 mins

December 19, 2025

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