International Monetary Fund (IMF) expressed concerns over the recent budget proposal to reduce personal income tax rates, and described it as an act of giving away the money government badly needed.
Debentures of Sampath Bank will be listed on Colombo bourse’s Main Board tomorrow. Samapth raised Rs.5 billion in a five-year debenture issue, issuing 25 million rated, unsecured, subordinated, redeemable debentures at Rs.100 each with an option to issue a further equal amount in the event the first tranche is oversubscribed.
Sri Lanka’s ship supplier industry must look to float a common bond in order to increase its lobbying power and push for concessions not granted with Budget 2014, according to Sri Lanka Ports Authority (SLPA) Harbour Master, Captain Ravi Jayawickrama.
Busy lives often means tight careers and even tighter personal spaces. It’s a tough battle to keep everything on the burners all at once but that’s the standard formula for today’s busy woman – whether she is powering a rewarding career or is an entrepreneur who must put in an insane amount of hours per day.
Sri Lanka carried out her second licencing round for 13 blocks in the Mannar and Cauvery basins and the deadline for bids ended November 29. Mirror Business met with Saliya Wickramasuriya........
In 2013, it was found that brand-name drug manufacturers in the United States were paying their competitors - generic drug manufacturers, to keep their products off the market shelves.
It is an established fact that the Real Estate industry makes an important contribution to the economy of a country and to the welfare of its people.
Housing is a key factor in measuring the standard of living of a society, and is an indicator of the economic growth of a country
Some emails or letters invite you to sign up and enjoy membership to this magazine or to that credit card. This just happened to me recently where my entire family received letters from our bank soliciting us to sign up for its prestige credit card that ‘gives double the benefits’.
Transport, energy, information and communication technology and water infrastructure enable a state to grow its economy and improve the quality of life of its citizens. Infrastructure acts as the backbone of growth and social wellbeing
It has been said that with the rising incidences of chronic kidney diseases in the agricultural areas of the island, the Sri Lankan government is taking measures to control the indiscriminate usage of chemical fertilizer and agrochemicals by the farmers.
Sri Lanka’s Infor mation and Communication Technology Agency (ICTA) and Dialog Axiata PLC announced that Sri Lanka’s first and largest mobile payment and transaction service - eZ Cash had been selected and integrated as the first mobile payments service provider to Lanka Gate - the eServices portal of the Sri Lankan government.
Sri Lanka’s corporate sector must take more steps to strengthen its governance provisions and avoid lobbying for undue business advantages, CBSL Governor Ajith Nivard Cabraal said.
We live on the World Wide Web as much as we do in real life. Every individual with access to a computer and Internet is likely to spend a considerable amount of time on it, either in pursuit of a hobby, reading, researching or simply in search of entertainment.
Sri Lanka’s private sector may have to look at models for superannuation and pension schemes in order to cope with the changing macroeconomic fundamentals, as Sri Lanka moves towards the middle-income country status, according to Central Bank of Sri Lanka (CBSL) Governor Ajith Nivard Cabraal.
Sri Lanka’s outstanding foreign commercial loan has jumped 36.2 percent within 18 months through end-June this year, an official document showed yesterday, as the island nation has been increasingly borrowing for post-war infrastructure revival.
Lanka Hospitals today announced that it was adjudged 1st runner up at the CIMA Business Case Awards 2013, for their case study on ‘A Thriving Business Model in the State Sector - the Lanka Hospitals Story.’
UNFCC –COP 19 from 11 -22 in Warsaw Poland is attended by representatives of nearly 200 governments and United Nations Secretary General Ban Ki Moon addressed the plenary sessions on......
Being an island nation, Sri Lanka is blessed with enormous ocean resources, and related opportunities, that can be utilized for the country s economic development. There is a wide array of ocean resources, which include both biological and non-biological components.
Samapth Bank PLC yesterday said its Rs.5 billion debenture issue was oversubscribed and the issue would close at 4.30 p.m.
Budget 2014 is widely deemed to be progressive and consistent with previous targets of reaching middle-income status by 2016, however Sri Lankans must now gear to face new challenges such as current, fiscal and democratic deficits faced by the country, according to Gajma Tax Consultant Senior Partner, N. R. Gajendran.
In Sri Lanka, ‘Cess’ is the name given to a special tax imposed on sales, where the revenue is earmarked for a specific fund with a particular economic purpose. But the government has stymied export promotion and local value addition by ‘stealing’ the Cess. Budget 2014 is poised to further the malpractice.
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