President Anura Kumara Dissanayake today (12) presented the 2027 Budget in Parliament, projecting the country's budget deficit at Rs. 1.753 trillion, equivalent to 4.5 per cent of Gross Domestic Product (GDP).

Prime Minister Dr. Harini Amarasuriya stated that one of the Government’s key objectives is to ensure economic democracy by making entrepreneurship a driving force in the country’s economic growth and national development.

The Colombo High Court has fixed November 18 to deliver its order on whether an interim injunction should be issued suspending the Colombo Magistrate’s Court order granting bail to Parliamentarian Namal Rajapaksa, who was remanded in connection with the controversial ‘Krrish’ deal.

A sum of approximately Rs. 5.69 million has been handed over to 40 Sri Lankan migrant workers who had faced various difficulties in Saudi Arabia.

SriLankan Airlines has taken steps to increase its weekly flights to Melbourne by three additional services, effective November 15, in response to growing tourist demand from Australia, according to Deepal Perera, the Head of Corporate Communications at SriLankan Airlines.

A total of 84 new single-cab vehicles have been handed over to the Department of Wildlife Conservation with the aim of protecting the country's wildlife resources, addressing the human-elephant conflict and strengthening the department's field operations.

The Prevention of Foreign Terrorist Fighters Bill received the approval of the Sectoral Oversight Committee on Economic Development and International Relations.

Sri Lanka welcomed 71,973 international tourists in November, with India continuing to dominate the tourism market, according to the latest figures released by the Sri Lanka Tourism Development Authority (SLTDA).

The Securities and Exchange Commission of Sri Lanka (SEC) has welcomed the inclusion of two proposals aimed at strengthening the country's capital market in Budget 2027.

Vehicle importers and the general public were eagerly awaiting concessions on vehicle imports through the 2027 Budget, however, no relief has been announced in this regard, says Vice President of the Vehicle Importers Association of Sri Lanka (VIASL) Arosha Rodrigo.