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The Sri Lankan Report

Promises vs. Budget Reality: Sajith calls out Anura’s “Bag of Lies”

Opposition Leader Sajith Premadasa has accused President Anura Kumara Dissanayake of presenting what he called a “bag of lies” instead of a genuine Budget for 2026, claiming it was filled with false promises and misleading statements aimed at deceiving the public. Speaking at the opening of the Samagi Jana Balawegaya (SJB) main office in Horana, Premadasa said the Budget presented by the President — his second since assuming office — was not a plan for a prosperous nation but a carefully crafted political show. He urged the public to compare the promises and policies in the Budget with the pledges…

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LAUGFS Power Partners Futurity to Introduce First AI-Enabled Annual Report

Wasaam Ismail, General Manager & Head of Corporate Communications for Laugfs Holdings Limited, Mithila Wegapitiya, Chief Executive Officer of LAUGFS Power PLC and Executive Group Vice Chairman of LAUGFS Holdings Limited and the Futurity Team. LAUGFS Power PLC, a subsidiary of the diversified LAUGFS Group, has launched its first AI-enabled annual report in collaboration with Futurity (Pvt) Ltd. The initiative marks a milestone for Sri Lanka’s energy sector, positioning LAUGFS Power among the earliest renewable energy companies in the country to adopt artificial intelligence for shareholder communications. The deployment integrates Futurity’s flagship platform, Omni, into the Investor Relations section of…

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“We’ll surrender” – Major breakthrough as 7 Sri Lankan drug traffickers contact authorities

Seven Sri Lankan drug traffickers hiding in the Middle East have expressed willingness to surrender to local authorities, Public Security Minister Ananda Wijepala said on Saturday. The minister made the announcement while attending the Colombo District operations of the national anti-drug campaign, “A Nation United,” held at the Colombo District Secretariat. Wijepala said the suspects had contacted Sri Lankan authorities on Friday (7), revealing the locations of their operations and agreeing to end their involvement in narcotics trafficking. (Newswire) The post “We’ll surrender” – Major breakthrough as 7 Sri Lankan drug traffickers contact authorities appeared first on Newswire.

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NPP promises: PM Harini reminds it’s a five-year plan

Prime Minister Dr. Harini Amarasuriya stated that this year’s Budget covers all sectors of the country, and that the Government does not act based on short-term personal agendas or interests. The Prime Minister made these remarks in Parliament on November 8, while commenting on the Appropriation Bill presented for the year 2026. Addressing further, the Prime Minister stated, If the Members of Parliament, setting aside the divisions, had truly listened to the President’s Budget speech, they would have realized that there were many valuable lessons and insights to be learned from both the speech and the proposals contained within the…

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KPMG highlights 4 key Indirect Tax proposals of Budget 2026

KPMG Sri Lanka’s analysis of the 2026 Budget highlights several significant indirect tax proposals aimed at broadening the tax base and aligning local tax systems with international standards. The proposals include reducing the Value Added Tax (VAT) and Social Security Contribution Levy (SSCL) registration thresholds from Rs. 60 million to Rs. 36 million per annum, effective April 1, 2026. The quarterly threshold will drop from Rs. 15 million to Rs. 9 million. According to KPMG, this move is designed to bring more medium-sized businesses into the formal tax net. The Budget also proposes imposing VAT and SSCL on imported coconut…

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Sri Lanka to host 16th National Cyber Security Conference on Nov. 12

The 16th National Cyber Security Conference of Sri Lanka will be held on Nov. 12, 2025, at the Water’s Edge hotel in Battaramulla under the theme “Building a Trusted and Cyber Resilient Nation,” Deputy Minister of Digital Economy Eranga Weeraratne announced. President Anura Kumara Dissanayake will attend the event as the chief guest. The conference is expected to bring together more than 400 participants, including national and international representatives from government agencies, private corporations, academia, and civil society. The annual event is jointly organized by the Ministry of Digital Economy and the Sri Lanka Computer Emergency Readiness Team (CERT). It…

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SL Customs collects record Rs. 27.7bn in a single day, annual target achievable next week

Sri Lanka Customs says this year’s expected revenue could be achieved within the next three days. Customs Director Chandan Punchihewa highlighted that the country recorded the highest single-day revenue in its history on November 6, amounting to Rs. 27.7 billion. He noted that previously, the highest single-day collection had been Rs. 24.4 billion on October 15, 2025. “In the history of customs collection, the highest revenue in a single day was recorded on October 15, 2025, when we collected over Rs. 24 billion. On November 6, we surpassed that with Rs. 27.7 billion, which is now the highest single-day revenue…

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Four, including 8-year-old child killed in separate accidents

In the past 24 hours, four people — including an eight‑year‑old child — have died in separate traffic accidents in several areas of the country, police said. Yesterday (08), the incidents occurred in the police divisions of Matale, Thanamalwila, Welikanda, and Kotawila. In Welikanda, in the Aselapura area on the Aselapura‑Kurulubedda road, a tractor struck an eight‑year‑old child. The child, a resident of Aselapura, was admitted to Welikanda Hospital and later died. On the Kandy–Jaffna highway near Diyabubula bridge, a three‑wheeler travelling from Matale towards Elwela collided with a pedestrian. The 70‑year‑old victim died after being admitted to Matale Hospital.…

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