President Gotabaya Rajapaksa has directed all Provincial Councils and Local Authorities to suspend the imposition of any extra levy or raising any existing rates or taxes. Furthermore, these bodies have been requested to review the entire local authority rate and fee structure to simplify it within 30 days. The Presidential directive has been conveyed to…
Bond yields are likely to move up in 2020, from 50 to 100 basis points across maturities, an equity researcher said. ‘We are increasing our bond yields by 50 basis points and overall we are expecting it to increase by 50 to 100 basis points from the second quarter of 2020 onwards. So by the…
The Export Development Board has taken an initiative to enhance the efficiency and effectiveness of EDB Services delivering satisfaction to all customers. The Exporters, Entrepreneurs and public alike will be assisted through the Help Desk on support services and necessary guidance on other related Institutions. The Public can now contact the Help Desk on 0112300710…
Dialog Axiata Group, the largest Foreign Direct Investor (FDI) operating under the aegis of the Board of Investment of Sri Lanka (BOI), announced the entering into of two supplementary agreements with the BOI for the investment of an additional sum of USD 254.1Mn (LKR 46.1Bn) in Sri Lanka’s ICT Infrastructure on Friday 14 February 2020….
Global research highlights how organizations are capitalizing on emerging technologies to enhance finance and operations for competitive advantage Organizations that are adopting Artificial Intelligence (AI) and other emerging technologies in finance and operations are growing their annual profits 80 percent faster, according to a new study from Enterprise Strategy Group and Oracle. The global study, Emerging Technologies: The competitive…
President Gotabaya Rajapaksa stated that his resolution is to transform Sri Lanka as the most favourable country for investments. President addressing a meeting at the Presidential Secretariat with officials attached to the Ministry of Environment and Wildlife Tuesday (18) morning, declared that Sri Lanka needs to form a legal framework that would safeguard the environment…
The Securities and Exchange Commission (SEC), the regulator of the Colombo Stock Exchange (CSE) has invited the heads of stockbroking firms for a meeting on February 25. The gathering scheduled to be held tomorrow (20), has been postponed until February 25. The meeting will be with the newly appointed SEC Chairman Viraj Dayaratne PC and…
Retains leadership of life insurance sector for 16th consecutive year with premium income of Rs 18.7 billion Ceylinco Life has ended 2019 on a characteristically strong note, with consolidated income of Rs 32.1 billion for the 12 months ending 31st December 2019, reflecting top line growth of 9.9 per cent. The life insurance frontrunner has…
As a leading player in the consumer goods industry, Cargills (Ceylon) PLC is hopeful that the state, under new political direction, will invest in more agricultural import substitution strategies in order to further support domestic production. Nonetheless, the Group will continue to focus on building brands, growing markets and market share as the company strive…
Deutsche Bank on Tuesday (18) announced it is investing in Sri Lanka and launching a major push into the corporate client market, with the rollout of a new digitally-enhanced foreign exchange (FX) platform. The rollout marks the bank’s first step in introducing a comprehensive suite of digital FX solutions for our corporate clients in Sri…
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