Business confidence falls to a 70-month low
The latest edition of business magazine LMD reports a decline of 19 basis points in the LMD-Nielsen Business Confidence Index (BCI). It fell to 98 in ...
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Scam causes Rs. 10 m loss at CPSTL, Arjuna to probe
An alleged scam has caused a loss of Rs. 10 million at the Ceylon Petroleum Storage Terminal (CPSTL) on the day fuel prices were hiked, prompting Mini...
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Singer revenue in 1Q up 13% to Rs. 13.6 b despite challenging environment
Singer (Sri Lanka) Plc yesterday announced a 13% increase in revenue to Rs. 13.6 billion in the first quarter of 2018 in spite of challenging business...
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Facebook to empower entrepreneurs in SL
Facebook’s global ‘Boost Your Business’ program is now available for the youth and entrepreneurs of Sri Lanka. Recognizing the potential of the ...
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‘Tax on gold imports has helped save valuable foreign exchange’
Central Bank's imposition of a 15 percent tax on gold imports really helped to prevent foreign exchange from going out of the country, Central Bank Go...
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EU provides Rs. 810 mn in technical assistance to modernise Sri Lanka’s agricultural sector
The European Union has launched a Rs. 810 million project to support the modernization of Sri Lanka’s agriculture sector, according to a statement i...
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Nationwide inflation contracts to 2.8%
Nationwide inflation during March this year contracted to 2.8 per cent year-on-year from 3.2 per cent recorded in February 2018 as food inflation decl...
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Teejay Lanka’s Q4 pre-tax profit up 27% to Rs 501.6 million
Teejay Lanka PLC has reported profit before tax of Rs 501.7 million at Group level for the final quarter of 2017-18, to end a challenging year with a ...
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Sri Lanka economy to rebound, delaying reforms pose risks: World Bank
The World Bank says Sri Lanka's economy will rebound in 2018 with annual growth averaging 4.5 percent in the medium term, driven by private consumptio...
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Do you have 25% stake in a company? Then be ready for a visit by CID
If you are a director or a shareholder having 25 percent or more shares in a company, it won’t be too long before an officer from the Criminal Inves...
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Govt. ready to launch Trade Information Portal in May
80% of work completed with support of 55 agencies DoC DG raises concerns over delays in implementing commitments under TFA Customs D...
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Consumer authority to nab errant traders
Sri Lanka's Consumer Affairs Authority (CAA) has taken measures to carry out special raids to nab errant traders throughout the country during the u...
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Tourism earnings up 13.8% Jan-Feb Records US$ 880 million
Tourism earnings during the first two months of this year, as well as in the month of February this year reflected almost the same growth tren...
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New Zealand business delegation in Colombo to deepen trade ties
A New Zealand business delegation representing 13 innovative companies arrives in Colombo today on a 3-day visit to boost forging business and trade l...
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Slovakia’s auto industry calls for Sri Lankan rubber
The Sri Lankan rubber sector is set to expand as Slovakia, the global leader in car production, has called for the sourcing of Sri Lankan rubber and r...
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NEW TAX SYSTEM TO CHANGE INVESTMENT LANDSCAPE
Experts commend efforts to simplify and rationalize system Carves a clear strategic direction Broad-bases the tax payer under-structure The ...
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Capital market worried over stalemate at SEC
Chairman and Commissioners re-appointed for 6 months but SEC Act specifies appointments must be for full 3-year term Confusion leads to Commiss...
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Sri Lanka national inflation slows to 3.2-pct in February
Inflation in Sri Lanka, as measured by the National Consumer Price Index (NCPI) slowed to 3.2 percent in February 2018 from 5.4 percent in January, on...
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Landmark ‘The One’ development to cost over $ 500 m investment to redefine urban regeneration in Col
Construction of ‘The One’ commenced in September 2017 and Phase 1 due to be completed in December 2021 Mega project includes two luxury hote...
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Malik woos top Japanese investors at Tokyo Investor Forum
Japanese businesses must take advantage of Sri Lanka’s strategic location, preferential market access into key economies, and be an early mover in t...
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‘SL has high use of internet, smartphones but very low on e-commerce’
Sri Lanka’s internet and smartphone use has grown to a considerably high level in recent years but e-commerce users among them are still low-with un...
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Seychelles seeks Sri Lanka’s technical support to improve fisheries industry
High Commissioner of Seychelles in Sri Lanka, Conrad Mederic, has requested State Minister of Fisheries and Aquatic Resources Development, Dilip Wedaa...
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