With effect from 1 January, persons who have not obtained a Taxpayer Identification Number (TIN) will be subjected....

The National Chamber of Commerce of Sri Lanka (NCCSL) has announced the appointment of Nilupul Chandrasena as its new Secretary....

Sri Lanka and Thailand have agreed to include in the upcoming Free Trade Agreement (FTA) provisions for the simultaneous elimination...

With effect from 1 January, persons who have not obtained a Taxpayer Identification Number (TIN) will be subjected to a penalty not exceeding Rs. 50,000, the Department of Inland Revenue cautioned.

The application process for the welfare scheme ‘Aswesuma’ will kick off towards the end of the month, the Finance Ministry said.

Entering the year with positivity, President Ranil Wickremesinghe said the government aims to achieve an economic growth of 3 percent in 2024, with a commitment to advancing even more rapidly.

On the invitation of the Speaker of Parliament Mahinda Yapa Abeywardana and Parliamentarian Dayasiri Jayasekara, COYLE and The National Chamber of Exporters, engaged in bilateral business discussions with the Busan Economic Promotion Agency of South

Sri Lanka welcomed the New Year with an increase in the VAT rate to 18 percent from 15 percent. This is in addition to the removal of VAT exemptions from 98 items out of 140. The reduction of VAT threshold to Rs. 60 million from 80 million needs app

The Sri Lanka Gem and Jewellery Association (SLGJA) in collaboration with the National Gem and Jewellery Authority (NGJA) and the Export Development Board announced the grand celebration of the 30th edition of FACETS, Asia’s premier gem and jewelle

The Commercial Bank of Ceylon entered into 2024 with a renewed identity, which showcases its commitment to sustainability, symbolically as well as literally. The Commercial Bank logo in blue will hereafter also feature a green element, representing t

The Sri Lanka Export Development Board (EDB), in association with the Import Promotion Desk (IPD), Germany, initiated a series of Capacity Building programmes for export-oriented, women-led businesses in Sri Lanka. This initiation aims to foster a

CNN: Many feared 2023 would be the year of recession. It turned out to be the year of remarkable resilience. The US economy appears to be enjoying the soft landing many argued was nearly impossible. Inflation has cooled dramatically, unemployment rem

Kantar Sri Lanka hosted its annual knowledge-sharing event, Kantar Lighthouse 2023, at Kings Court, Cinnamon Lakeside and unravelled compelling insights around the younger generation, Gen Z in Sri Lanka, through sessions that included key trends impa

Ceciliyan Tea Factory, Kalawana, in the Ratnapura district, has recorded the highest sale of over 3.8 million kilogrammes in the year 2023, at the Colombo Tea Auction. Managed by Ceciliyan Associates (Pvt.) Limited and located in a picturesque moun

Sri Lanka saw tourist arrivals surge for the first time since the pandemic; however, the 2023 year-end target was missed narrowly by 4 percent. The provisional data released by the Sri Lanka Tourism Development Authority (SLTDA) showed that for the f

Tourists are seen buying flowers and incense sticks from a vendor in the vicinity of Gangarama Temple, which is well known for its modern architecture and cultural essence. Alongside the locals, tourists are seen preparing to take part in the New Yea

Union Assurance PLC announces the appointment of Senath Jayatilake as Chief Executive Officer, effective January 1, 2024. Jayatilake has been part of the company’s leadership, previously serving as Deputy Chief Executive Officer (January 2023-Dece

Sri Lanka’s exporters face a 40-50 percent hike in freight rates and space shortages, as global shipping companies move to reroute their vessels around the Cape of Good Hope. This is to avoid disruption to shipments after the recent attacks on vess

CNN: Maersk has imposed a 48-hour delay on its vessels moving through the Red Sea, following an attack on one of its merchant ships by Iranian-backed Houthi fighters based in Yemen. The US military said its helicopters responded to distress calls fro

Looking at the sector-wise performance of the non-financial corporates (NFCs), the hotel sector recorded the highest revenue growth for the first nine months ending in September 2023, the Central Bank said. For the period under review, the hotel sec

Inflation in the Colombo district measured on an annual basis accelerated to 4.0 percent in December as food prices rose....

Over the weekend, Sri Lanka achieved a significant milestone as tourist arrivals surpassed the 200,000 mark, marking the....

Little Hearts project of the Lady Ridgeway Hospital for Children has received a generous Rs.1 billion donation from leading businessman ....

The Central Bank (CB) expects the inflation to rise to 7 percent Year-on-Year (YoY) in January 2024 due to a one-off effect stemming....

The Central Bank has said that steps are underway to address what is referred to as sovereign-bank nexus,’where the excesses ...

Household balance sheets suffered more extensively than corporate balance sheets from soaring interest rates and inflation....

With revisions to the Value Added Tax (VAT) coming into effect today, telecom giant Dialog Axiata has notified its consumers of the...

The Central Bank recently asserted that banks’ right of parate execution must not be amended in favour of an insignificant number....

The entire city of Colombo came alive with the festive vibe towards the year end, gearing up to welcome the New Year with....

The Computer Society of Sri Lanka (CSSL) yesterday welcomed the appointment of Dr. Dharmasri Kumaratunge as Secretary...