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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Failure to renegotiate causes huge losses
ACE power dispute: The Ceylon Electricity Board Engineers Union (CEBEU) had asked its members to be wary of making payments, amounting to Rs. 840 mill...
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PM encourages entrepreneurs in North with tax concessions to uplift local economy
Prime Minister Ranil Wickremesinghe yesterday said the Government has offered tax relief for 300% of the income from capital investment to entrepreneu...
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Sri Lanka's Keells Foods net grows 34-pct in June, revenues up
Sri Lanka's Keells Food Products said profits grew 34 percent from a year earlier to 56.3 million rupees in the June 2018 quarter on expanding sales o...
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Govt. launches landmark five-year National Export Strategy
SL eyes $ 28 b export revenue by 2022 PM says NES catalyst to link to global value chains, increase exports and create jobs Officials to mee...
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Virtusa’s Kris Canekeratne selected as EY Entrepreneur of The Year® 2018 award winner in New England regional finals
SOUTHBOROUGH, MA – Virtusa Corporation (NASDAQ GS:VRTU), a global provider of digital strategy, digital engineering, and IT outsourcing services tha...
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Tourism earnings up 14.7% Jan-May Forex income hits US$ 1.8B
Sri Lanka earned nearly US$ 1.8 billion from tourism during the first five months of this year, up 14.7 per cent compared to US$ 1.65 billion a year a...
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Businessman pleads guilty to smuggling ganja by post
MP, ex-Senior DIG defend him Colombo Fort Magistrate Lanka Jayaratne yesterday deferred a case filed against a leading businessman charged with smuggl...
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ETI Finance to be purchased at US $ 75 million
Singapore-registered Blue Summit Capital Management Ltd and Sri Lanka’s Ben Holdings Ltd. have made a joint investment to purchase the crisis-hit fi...
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‘Fiscal position under stress from doubled car and gold imports this year’
Gold and car imports have doubled this year compared to last year, creating tremendous pressure on the fiscal position and on the whole economy, Centr...
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Earnings of listed corporates gain in March quarter
Values up 28.5% to Rs. 98 b and by 15.4% to Rs. 87.5 b excluding one-off profits for two corporates Food, Beverage and Tobacco, Bank and Capit...
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ADB to invest in Lanka’s Healthcare Sector.
The Asian Development Bank (ADB) has agreed to invest $10 million of equity in DCDC Healthcare Services Private Limited (DCDCPL), a company providing ...
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Public Sector officials oppose audit bill – Auditor General
Auditor General Gamini Wijesinghe called on the Mahanayake’s of the Malwathu and Asgiri Chapters and commented on the proposed Audit bill which will...
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Srilankan revenue dropped after contact with phoenix
Details of anomalies in the contract SriLankan Airlines had entered into with Phoenix Rising Ventures (PRV) were exposed at the Presidential Commissio...
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Sri Lanka’s hotel sector fast reaching saturation point: veteran hotelier
The number of star class hotels in operation in Sri Lanka currently and that are to be built in the future will push Sri Lanka's hotel sector to reach...
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Claims made by Cabraal on GDP are distorted – Min. of Finance
The Ministry of Mass Media and Finance issuing a statement says that the claims made by the former governor of the Central Bank of Sri Lanka Ajith Niv...
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