Today’s News Digest: Your go-to summary of the key events and headlines that shaped the day. From major developments to breaking news, we bring you everything that happened today, all in one quick and easy read.
Official reserves show slight dip in June
Sri Lanka’s foreign reserves decreased by approximately 3.3%, falling from US$ 6.23 billion in May to US$ 6.02 billion in June. Analysts say the decline reflects ongoing pressure on external finances.
Sri Lanka to introduce a property tax by 2027
As part of its IMF-backed fiscal reform, the government plans to implement a nationwide property tax by the first half of 2027. Preparatory steps include building a comprehensive property valuation database by mid‑2026.
CID takes over Lalith-Kugan enforced disappearance probe
The investigation into the 2011 disappearances of Lalith Weeraraj and Kugan Muruganandan has been transferred to the Criminal Investigation Department’s Homicide and Organized Crime Unit, following a lack of progress since the case’s last court hearing in 2014.
Harsha criticizes suspension of vehicle imports through cross-border LCs
MP Harsha de Silva criticized the government’s decision to halt clearance of vehicles via third‑country Letters of Credit, calling it “impractical.” He warned that hundreds of cars are stranded at Hambantota Port and may require re-exportation.
Industry groups demand regulation of low‑quality e‑commerce imports
Local trade associations are pressing Customs to clamp down on low‑value, tax‑evasive imports via platforms like Temu and AliExpress. They argue that parcels are undervalued, duties unpaid, and low‑quality goods are flooding the market.
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