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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Devils’ Force sets Hill Capital alight
The silent tears fall on smouldering embers but it cannot douse the flames of hatred which engulfed the hill station town of Digana that witnessed a b...
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SAP Ariba makes procurement a snap for mid-market
When it comes to taming the complexity of procurement, size doesn’t matter. Mid-market companies face the same challenges in managing their spend an...
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Central Bank denies interest rate hike
Rejects media reports, says reserves, inflation and broad money on target No reason to raise interest rates in the near term, advises public no...
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SLT Group ups operating profit by 5.4%, increasing depreciation-hit bottom line
Sri Lanka Telecom (PLC) Group said this week its Operating Profit Before Depreciation and Amortisation (EBITDA) improved by 5.4% to Rs. 21.2 b as a re...
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USAID YouLead and Microsoft Launch YouthWorks to Increase Employment and Entrepreneurship Among Sri Lanka’s Youth
The United States Agency for International Development (USAID) YouLead program and Microsoft Sri Lanka signed a partnership to launch the new YouthWor...
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Sri Lanka mulls globalising of SMEs via highly-active food sector
Ma’s Tropical Food Processing Manager Sarah De Alwis receives the top award for ‘All Food and Beverages’ from Minister of Industry and Commerce ...
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Union Bank posts Rs 782 mn operational profits
Despite the volatile macro environment Union Bank has performed exceptionally well in 2017 resulting in a 35.6% increase in profits from operating act...
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NTB records 31% growth in pre-tax profits
Nations Trust Bank closed the financial year 31st December 2017 with a post-tax profit of Rs. 3,371Mn, up by 18% over the previous year with pre-tax p...
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Sri Lanka, emerging nations faces higher interest rates, tighter global credit: Mangala
Sri Lanka and emerging nations faces tighter credit conditions and higher interest rates, with policy rates in developed nations set to rise faster th...
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Private sector borrowed less in 2017
Private sector credit expands by Rs. 617 b in 2017 but lower than Rs. 756 b in 2016 CB expects status quo to pick up with private sector borrow...
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Ceylinco Life posts net profit of Rs. 6 bn
Sells 126,838 new life policies in the year reviewed Pays out Rs. 6.7 billion in net claims and benefits to policyholders Ceylinco Life has posted net...
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Remove apparel quota to India - Exporters
Sri Lanka Apparel Exporters Association Chairman Felix Fernando requested the Indian government to either improve the existing apparel quota system to...
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Sri Lanka national inflation slows to 5.4-pct in January
Inflation in Sri Lanka, as measured by the National Consumer Price Index (NCPI) slowed to 5.4 per cent in January 2018 from 7.3 per cent in December 2...
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CBSL opposes govt. move to set up hybrid company
Controversial National Payment Platform revived: Many an eyebrow has been raised by a government move to set up a hybrid company as part of the contro...
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Seylan Group ups after tax profit by 24% to Rs. 5 b
In the backdrop of challenging external environment, Seylan Group has reported a resilient performance by recording a profit after tax of Rs. 5.004 bi...
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Sri Lanka, UAE sign MoU on cooperation in labour sector facilitating recruitment of domestic workers
The United Arab Emirates (UAE) and Sri Lanka have signed a Memorandum of Understanding (MoU) to foster cooperation in the labour and manpower fields f...
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