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Thu, 28 Mar 2024 Today's Paper
31 Dec 2023 - 0 - 117
With revisions to the Value Added Tax (VAT) coming into effect from 1 January, telecom giant Dialog Axiata has notified its consumers of the increases that will be seen in their monthly bills.
20 Dec 2023 - 1 - 244
The World Bank today said it has released the US $ 250 second tranche of the US $ 500 million budget support loan for Sri Lanka that was approved in June 28, 2023.
13 Dec 2023 - 23 - 2498
Sri Lanka needs to enter into agreements with its official and private creditors before the second review of the Extended Fund Facility (EFF), which is expected to be concluded by the end of the first half of next year, IMF Senior Mission Chief for Sri Lanka, Peter Breuer said.
13 Dec 2023 - 4 - 1848
Sri Lanka’s gross foreign reserves are projected to reach US $3.8 billion by the end of 2023, according to International Monetary Fund (IMF) projections.
29 Nov 2023 - 3 - 1303
Sri Lanka and the country’s Official Creditor Committee (OCC) co-chaired by India, Japan and France as the Chair of the Paris Club have agreed on a debt restructuring deal, a statement issued by the Paris Club Secretariat said.
24 Nov 2023 - 0 - 1564
The Monetary Policy Board announced its decision to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points (bps) to 9.00 percent and 10.00 percent.
22 Nov 2023 - 0 - 5117
John Keells Group has been appointed as the exclusive distributor of BYD passenger vehicles in Sri Lanka.
21 Nov 2023 - 1 - 619
California-based US fuel distribution company, RM Parks Inc. California-based US fuel distribution company inked an agreement with the Board of Investment (BOI) to serve the local petroleum sector with a US$ 110 million investment.
17 Nov 2023 - 6 - 6333
Leading local spirits maker Distilleries Company of Sir Lanka PLC (DCSL) has entered into an agreement with Heineken International B.V. to acquire all its shares in Heineken Lanka Limited for an undisclosed price.
13 Nov 2023 - 0 - 2214
President Ranil Wickremesinghe, serving as the Minister of Finance, presented the 2024 budget to Parliament under the theme ’’Prelude to a Bright Future.’’ Here is a summary of the budget speech, including key tax proposals.
13 Nov 2023 - 4 - 3481
As part of efforts to enhance tax administration and implement revisions to tax policies, the submission of a Tax Identification Number (TIN) will become mandatory for actions such as opening a bank account or obtaining approval for a building plan.
13 Nov 2023 - 15 - 2302
President Ranil Wickremesinghe today justified the allocation of the Nuwara Eliya Post Office to the tourism industry.
13 Nov 2023 - 3 - 676
Budget 2024 allocates Rs.3 billion to facilitate a digital economy by the year 2030.
13 Nov 2023 - 1 - 1832
As a primary step to improving Sri Lanka’s deeper connectivity with foreign trade and global markets, the budget 2024 proposes to eliminate non-tariff import taxes, including import CESS, Port, and Airport Levies.
13 Nov 2023 - 0 - 139
Budget 2024 proposes to increase Sri Lanka’s debt ceiling by Rs.3, 450 billion to Rs. 7, 350 billion.
13 Nov 2023 - 4 - 1864
The budget 2024 proposes to divest 20 percent stake in the two largest state banks in the country.
13 Nov 2023 - 0 - 197
The government is launching an experimental programme to revitalize the country’s construction sector.
13 Nov 2023 - 0 - 924
Sri Lanka’s Small and Medium Enterprises (SMEs) will receive a fresh boost next year with the Budget 2024 entailing a proposal to help uplift businesses in that sector.
07 Nov 2023 - 1 - 3011
John Keells Holdings PLC (JKH) today said they have entered into a Memorandum of Understanding (MOU) with a leading international gaming operator regarding the Cinnamon Life Integrated Resort.
07 Nov 2023 - 0 - 341
Super luxury passenger vessel M.V. Aida Bella, operated by Aida Cruises, Germany with 1,900 passengers and 730 crew on board will call at the Port of Colombo on the 9th of November 2023.
06 Nov 2023 - 1 - 1648
Sri Lanka’s Pekoe Trails won the Best Wider World Tourism Project organized by the British Guild of Travel Writers.
31 Oct 2023 - 24 - 7456
Cabinet approval has been granted to increase Value-Added Tax (VAT) to 18 percent from the current 15 percent with effect from January 1, 2024, Cabinet Spokesperson Minister Bandula Gunawardana said this morning.
30 Oct 2023 - 0 - 988
The Ministry of Power and Energy yesterday announced that solar customers of the Ceylon Electricity Board (CEB) and Lanka Electricity Company (LECO) will be allowed a one-time migration to different schemes.
25 Oct 2023 - 0 - 843
The Colombo Stock Exchange (CSE) was yesterday informed that the Nepalese billionaire Binod Chaudhary’s CG Corp Group has completed the deal to acquire the majority stake of Union Bank of Colombo PLC.
03 Oct 2023 - 0 - 499
Sri Lanka’s LOLC Group is raising US $ 100 million through the iissuance of sustainable bonds, which will be listed on the Frankfurt Stock Exchange.
21 Sep 2023 - 0 - 673
IndiGo yesterday announced the introduction of new direct flights between Hyderabad and Colombo from 2 November.
19 Sep 2023 - 2 - 816
Emirates and SriLankan Airlines have signed a reciprocal interline agreement to boost connectivity for passengers of both airlines. The partnership will enable access to new points on each other’s networks via Colombo and Dubai, utilising a single ticket and enjoying the convenience of baggage transfers.`
06 Sep 2023 - 0 - 1681
Hong Kong-based airline Cathay Pacific will resume its flights to and from Colombo beginning February 2, 2024, after a hiatus of four years.
05 Sep 2023 - 0 - 686
The US $ 1.4 billion equivalent yuan swap with the People’s Bank of China will become usable when Sri Lanka’s foreign reserves reach about US $ 4.2 billion, the Central Bank Governor Dr.Nandalal Weerasinghe said.
01 Sep 2023 - 0 - 465
The Monetary Board of the Central Banetary Board has decided to cancel the licence issued to Bimputh Finance PLC (BFP)under the Finance Business Act to carry on finance business, with effect from September 1, 2023.
27 Mar 2024