TIN Registration in Sri Lanka Explained: The Tax Identification Number (TIN) has become a widespread topic of discussion across the country, and a considerable amount of misinformation is circulating on this matter. It’s essential to clarify that possessing a TIN doesn’t automatically imply liability for tax payment. Instead, it provides individuals with convenient access to…
SriLankan Airlines has begun the global roll out of its New Distribution Capability (NDC) agents booking portal SriLankan Direct Connect starting with India enabling travel agents, convenient direct access to the airline’s reservation system and an array of other benefits. The NDC platform is a breakthrough travel industry-supported program by the International Air Transport…
FitsAir, Sri Lanka’s leading low-cost airline, is proud to announce a significant enhancement to its service offerings by obtaining approval for inflight self-catering. This strategic move aligns with the airline’s vision to offer low-cost international travel. FitsAir’s Inflight Catering Services prioritise affordability and variety, providing passengers with wallet-friendly meal choices that won’t strain their budgets….
A proposal to establish a University of Science and Technology, in collaboration with a university based in the United States of America, has been approved by the Cabinet of Ministers. The relevant received the green light at a Cabinet meeting held on Monday (08 Jan.). As per the proposal presented by the President, the said…
President JRJ said wisdom isn’t a flower to be plucked but a mountain one has to climb. He called him a practicing Buddhist. There may be Sri Lankans who are practicing Buddhists. When practiced, one may develop a; thick skin, smart brain & even an elastic heart. In post 1948 Sri Lanka, President MR is…
Aitken Spence Travels, the foremost destination management company in Sri Lanka, welcomed the inaugural special charter flight from Uzbekistan for the Winter 2023/24 season to the Mattala Rajapaksa International Airport (MRIA) recently. Operated by ‘Uzbekistan Airways’, the national career of Uzbekistan, the flight brought nearly 200 Uzbek holidaymakers to Sri Lanka. Throughout their stay, the…
TIN number is effective from February 01 – Says State Minister for Finance Ranjith Siyambalapitiya. State Minister for Finance Ranjith Siyambalapitiya emphasised that while Sri Lanka has 01 million individuals with the financial capacity to pay income tax, only 500,000 are presently meeting this obligation. State Minister stressed the importance of incorporating the remaining 500,000…
(Reuters) – Japan restated the importance for early completion of signing of a Memorandum of Understanding (MoU) between Sri Lanka and creditor nations on debt restructuring, after an agreement was reached in principle late last year. It also emphasized the need to ensure transparency and comparability in agreements with creditors outside the Official Creditor Committee…
The Japan-Sri Lanka Economic Cooperation Policy Dialogue – 2024 was held on January 05, 2024 at the Ministry of Finance in Colombo. The forum was in order to exchange views on matters pertaining to the Japanese funded project portfolio, exploring future developments, and prospective economic cooperation between Japan and Sri Lanka going forward. The Japanese…
On 30th December 2023, the Hambantota International Port (HIP) proved itself as the fastest growing RO-RO transshipment port in the region. With 700,000 transshipment vehicles handled, the port marked a significant 26% increase from 2022 figures. The milestone figure was achieved with Glovis vessel MV. HAE SHIN V.003B handling 3626 units for transshipment to Ulsan…
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