Data science, AI focus to achieve $5bn Sri Lanka IT export target
Sri Lanka’s information technology industry will prioritise data science and artificial intelligence in its drive to sharply increase exports despit...
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PM calls on private sector to get involved in education reform
Prime Minister Ranil Wickremesinghe on Friday (14 September) called on the private sector to set up educational institutions to cater to the emerging ...
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Sri Lanka tourist VAT refund to draw luxury retail investments, shoppers
The new value added tax (VAT) refund scheme for tourists could help draw investments by international retailers to Sri Lanka as well as foreign visito...
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Sri Lanka budget gap contained by June 2018, despite weak revenues
Sri Lanka's tax revenues grew 3 percent to 845.3 billion rupees in the six months to June 2018, and current spending grew at a faster 8 percent to 995...
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$ 1 b Colombo financial city to kick off in Oct.
Minister Ranawaka says international financial city to be inaugurated on 18 Oct. Govt. approval given for MoU with CHEC for building complex CI...
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U.S. Embassy Partners with Matara Chamber of Industry and Commerce to Launch American Corner
The U.S. Embassy signed a Memorandum of Understanding on August 30 with the Matara Chamber of Industry and Commerce to open a new American Corner in M...
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Family stealing from supermarket caught on CCTV
https://youtu.be/CHX6hH6YGdQ?t=5 A family has been caught on CCTV camera when were stealing from a supermarket in Parakaduwa-Eheliyagoda area. A f...
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Over Rs. 5.5 b losses incurred by Mahapola Trust Fund
The two fund management companies set up to handle Mahapola Higher Education Trust Fund are to be liquidated after incurring losses of over Rs. 2.5 bi...
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Crypto-currency a serious threat to CBSL: Former Deputy Governor
The proliferation of crypto-currencies poses a serious threat to the Central Bank of Sri Lanka (CBSL), warned former CBSL Deputy Governor W. A. Wijewa...
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Lanka’s ICT exports surpasses US$ 1bn
Sri Lanka’s Digital Literacy has reached 39% and ICT exports have surpassed USS 1 billion making ICT the 5th largest foreign exchange revenue earner...
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Hayleys 1Q19 revenue tops Rs. 50 billion
Hayleys PLC, generated strong top-line performance across all of its key business verticals resulting in a 74% Year-on-Year (YoY) increase in revenue ...
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SriLankan Airline decisions on shares of SriLankan Catering defy any sense
SriLankan Airlines officials had not done an evaluation of share value before it bought back 40 mn of SriLankan Catering shares, at Rs. 100 reach, at ...
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Duty reduction for cars if Sri Lanka's trade balance improves
The government is considering duty reductions for small hybrid cars as well as mid-size sedans after the country’s trade balance and foreign reserve...
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SLT Group ups 1H profits by 13.5% to Rs. 2.8 b; revenue up 5.5% to Rs. 39.4 b
The Sri Lanka Telecom (SLT) Group has continued its growth momentum across all key business areas including Fixed, Mobile, Broadband, Enterprise Solut...
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189 young entrepreneurs to get Enterprise Sri Lanka loans
The ‘Thurunudiriya’ loan scheme was launched by the Bank of Ceylon with the assistance of the Policy Development Office of the Prime Minister’s ...
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Import duty on vehicles below 1000cc increased
The import duty on vehicles which are less than 1000cc has been increased with effect from today (August 1), the Finance Ministry said. Accordingly t...
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Emirates shares of UL were transferred to State entities without Cabinet nod: Official
Shared held by Emirates in SriLankan Airlines worth $ 53 million were transferred to People’s Bank, National Savings Bank (NSB), and the Employees P...
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‘Lanka among top five fastest growing tourism markets’
GlobalData has ranked Sri Lanka as the fourth fastest growing tourism market in the world. Iceland, Japan, Hungary, Sri Lanka and Chile have been list...
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Atchuvely Industrial Estate second phase with Rs. 100 mn investment
The second phase of Atchuvely Industrial Estate Development Project in Jaffna is now being implemented. Minister Industry and Commerce Minister Risha...
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Euro Four standard regulations expected to negatively impact Indian vehicle imports
The government's new regulations on Euro Four standard motor vehicles will limit the number of Indian vehicle imports into Sri Lanka. This is because ...
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GIANT LEAP FOR AGRI-ECONOMY
The Moragahakanda- Kalu Ganga project will spur a massive development drive to rejuvenate the country’s agricultural hinterland, President Maithripa...
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Commercial Bank opens micro-finance company in Myanmar
Two years after opening its representative office in Yangon The Commercial Bank of Ceylon has opened a microfinance company as its second subsidiary...
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Sri Lanka to cut costs to trade with information portal
Sri Lanka launched a trade information website Friday bringing together up-to-date information on regulations and procedures relating to exports and i...
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