Presidential Secretary Dr. P.B. Jasundara assures that Sri Lanka’s tax regime will not undergo any changes for the next five years and that Value Added Tax (VAT) will remain as 8 per cent. Addressing an economic conference in Colombo today (23) he said: “We’re assuring that tax regime which we have scheduled will not change….
Phase 1 of Passenger Car Radial expansion increases capacity by 16%; Phase 2 scheduled to come on line in May 2021 CEAT Kelani Holdings has announced that it has increased production of Passenger Car Radial (PCR/Van) tyres by 72,000 tyres a year, adding 16 per cent to its annual capacity in this category, as part…
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) increased to 4.2 per cent in February 2021 from 3.7 per cent in January 2021. This was mainly driven by the monthly increase in prices of items in the Food category. Accordingly, Food inflation (Y-o-Y) increased to 6.9…
Sampath Bank PLC joined hands with LankaClear to become one of the first banks in the country to facilitate real-time online payments to the Inland Revenue Department (IRD). Sampath Bank customers will now be able to make payments to the Inland Revenue Department, 24 x 7 x 365, directly from their savings or current accounts…
For the first time in nearly a decade, Blue Diamonds Jewellery PLC regained its sparkle recording profits during Q3 of FY 20/21. Although Q1 and Q2 amidst the initial outbreak of the Covid-19 pandemic was justifiably bleak, Q3 of FY 20/21 saw the Company making notable profits of Rs. 10.6 million, for the first time since 2012 (based on business…
Sri Lanka’s export earnings registered a growth of 2.52% with US$ Mn 993.73 in February, compared to the previous year, maintaining the growth momentum recorded during the last five months as per the provisional statistics released by Sri Lanka Customs. This is the highest export figure recorded for the month of February during the last…
The Central Bank of Sri Lanka (CBSL) and the People’s Bank of China (PBoC) entered into a bilateral currency swap agreement with a view to promoting bilateral trade and direct investment for economic development of the two countries, and to be used for other purposes agreed upon by both parties. The People’s Republic of China…
The Lankan Angel Network (LAN) recently launched the #IAMHER 2021 program, aimed at empowering women entrepreneurs and developing the landscape for women-led startups via a multi-pronged strategy. The program was launched at the LAN-hosted, “Beyond the Cape” event held at Hatch and supported by ecosystem partner Ford Foundation. The event also brought together women leaders…
Small and medium private hospitals play a critical role in Sri Lanka’s healthcare landscape. Over 90% of the registered 250 private hospitals in the country are SME hospitals. These hospitals cater to 60% of OPD treatment, provide health sector employment opportunities, and more importantly, ensure wide reaching access to quality healthcare. As the country battles…
The Colombo Stock Exchange (CSE) in association with the Securities and Exchange Commission of Sri Lanka (SEC) recently engaged the family business community in Sri Lanka through the inaugural Issuer Forum for 2021 hosted on the theme ‘Founder to Family – Leveraging Going Public’, at the Shangri-La Hotel Colombo. The event was organized to highlight…
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