Though Sri Lanka – Canada bilateral trade is modest, surging Lankan exports to Canada could turn it around. “Annual Canada-Sri Lanka trade values at present show an unexploited trade potential that needs to be explored” said Minister of Industry, Commerce, Resettlement of Protracted Displaced Persons, Cooperative Development, Skills Development & Vocational Training (ICTPDPCDSDVT) Rishad Bathiudeen…
It has been identified that it is appropriate to increase the number of panels to hear the appeals, as at present, there are 495 cases to the value of Rs.63 billion pending before the Tax Appeals Commission which has been established under the Tax Appeals Commission Act, No.23 of 2011. However, due to the reasons…
The proposal made by the Minister of Finance to publish the draft (Amendment) Bill for the amendment of the Betting and Gaming Levy Act, No.40 of 1988 prepared by the Legal Draftsman in the Government Gazette for increasing the Annual Levy from Rs.200 million to Rs.400 million, for carrying on the business of gaming other…
A large number of issues has arisen pertaining to the debt management in Sri Lanka and it has been found necessary to have a single institution for this purpose. Accordingly, the proposal made by the Minister of Finance to obtain the approval, in principle, to establish an Institution for debt management named as the Public…
ICRA Lanka Limited, subsidiary of ICRA Limited, a group company of Moody’s Investors Service, has reaffirmed the issuer rating of Bank of Ceylon (BOC or the Bank) at [SL]AAA (pronounced SL triple A). The outlook on the rating is revised to Negative from Stable. Rationale The revision in outlook factors in BOC’s moderate capitalisation levels…
(Reuters) – ** Sri Lankan shares closed slightly higher on Friday, buoyed by telecom and diversified stocks. The rupee ended firmer. ** The benchmark stock index closed 0.06% higher at 5,863.48. The index gained 0.49% for the week, but has fallen 3.12% so far this year. ** Meanwhile, the rupee ended 0.03% firmer at 181.95/182.10…
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into an agreement with INTERPOL National Central Bureau for Sri Lanka (NCB Colombo) on October 11, 2019 at the Central Bank of Sri Lanka to obtain direct access to the…
The Ministry of Development Strategies and International Trade hosted the 9th European Union – Sri Lanka Investor Dialogue, an instrument set up in 2017 to resolve issues faced by investors from the European Union operating in Sri Lanka under the Board of Investment. The high-level meeting, which promotes bilateral cooperation between the Member States of…
Laugfs Power Limited , the renewable energy subsidiary of Laugfs group, is to list its shares on the Diri Savi board of the Colombo Stock Exchange. In a stock exchange filling recently, the company said that according to the listing documents filed with the CSE, the company plans to list 335,000,086 ordinary voting shares and…
A group of over 60 Australian travel agents arrived in Sri Lanka recently on a week-long tour, from 4th to 13th of October 2019, to explore the uniqueness of Sri Lanka and a large number of holiday opportunities to choose from. The group was under the guidance of Dennis Bunnik, Chairman of the Council of…
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