The Central Bank of Sri Lanka (CBSL) issued a commemorative coin with a face value of Rs. 10 to celebrate 150 years of Ceylon Tea and to recognize its contribution to the national economy as an important and long-standing export oriented commodity in Sri Lanka. The first set of coins were officially presented to the…
Reuters – Sri Lankan stocks edged down on Tuesday from its 18-month closing high hit in the previous session as investors booked profits in blue chips, while concerns over a proposed tax bill weighed on overall sentiment. The Colombo stock index ended 0.15 percent weaker at 6,748.15, slipping from its highest close since Jan 7,…
Minister of Finance and Mass Media Mangala Samaraweera during a discussion with representatives of the trade unions of the Inland Revenue Department (IRD) stated that the main objective of the new Inland Revenue Bill was to simplify the tax system in the country in order to create an investor friendly environment that will attract more…
The Technical Services Division of the Industrial Development Board of Ceylon (IDB) Under Ministry of Industry and commerce has made arrangements to conduct one day technology transfer workshop on “Herbal Tea Bags” for industrialists and other interested groups on 20th July 2017 from 9.00 am – 4.00 pm. at Industrial Development Board, Technical Services Division,…
Several public sector organisations including universities, statutory boards, research institutes, provincial and urban councils were recently recognized at the inaugural Best Annual Reports & Accounts Awards organised by CA Sri Lanka’s public sector wing, the Association of Public Finance Accountants of Sri Lanka (APFASL) for their high quality financial reporting. A total of 19…
The Board of the International Organization of Securities Commissions (IOSCO) published its Assessment Committee’s Country Review of the Democratic Socialist Republic of Sri Lanka. The Country Review is a detailed assessment of the depth and breadth of implementation of IOSCO’s Objectives and Principles of Securities Regulation (IOSCO Principles). This is the third Country Review conducted…
Reuters – Asian shares extended gains on Tuesday and the dollar notched a four-month high against the yen, as investors awaited testimony from Federal Reserve Chair Janet Yellen for clues on when the central bank would tighten U.S. monetary policy. In Europe, futures for the Eurostoxx 50 and the DAX were both up 0.3 percent,…
As the landmark global Information Technology Agreement (ITA) completes its 20th anniversary, Sri Lanka is to catch its first glimpse of the ITA in Colombo today July 12. Two high level representatives from the World Trade Organisation (WTO) have arrived in Colombo especially to give a first-hand briefing to surging Lankan IT sector and firms,…
Campbell-Hill report shows airline also supported more than 104,000 American jobs in 2015 Emirates supported more than 104,000 American jobs and contributed US$21.3 billion in revenue to the U.S. economy, including US$10.5 billion to the country’s gross domestic product (GDP) and US$6.4 billion of labor income in 2015*, according to a study conducted by Campbell-Hill…
For facilitating “the Belt and Road” cooperation, advancing economic and trade cooperation with countries along “the Belt and Road”, intensively displaying competitive industries and featured commodities in Guangxi, as well as promoting economic and trade cooperation between Guangxi and Sri Lanka, the Department of Commerce of Guangxi Zhuang Autonomous Region will hold the “2017 China…
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