A government notification has been issued, increasing the special commodity levy imposed on several items including black grams, green grams and cowpeas. As such, the special commodity levy on black grams (skinned, either split or not) has been increased to Rs. 300 per kilogram. Meanwhile, the tax on green grams, cowpeas, Kurakkan (seeds), Kurakkan (other),…
President Ranil Wickremesinghe and Dr QU Dongyu, FAO Director-General and Hon. Mahinda Amaraweera, Minister of Agriculture and Plantation Industries inaugurated the 37th Session of the FAO Regional Conference for Asia and the Pacific today with Government Ministers and Heads of Delegations from as many as 46 Member Nations. Hon. Ali Sabry, Minister of Foreign Affairs,…
National Development Bank PLC demonstrated its characteristic resilience and agility in withstanding external challenges through the financial year 2023. The Bank’s concerted efforts in operationalizing its strategy, duly adapted in response to evolving macro-economic dynamics resulted in the Bank generating sound returns to its shareholders. NDB’s newly appointed Director/ CEO Mr. Kelum Edirisinghe attributed such…
The Edge – Green Packet Bhd said on Tuesday that it has teamed up with another Malaysian firm to develop a tourism digital platform for Sri Lanka, with an initial investment of up to RM13 million. The IT company said its wholly-owned subsidiary Kiplepay Sdn Bhd has entered into a joint venture agreement with Tass Tech…
Agriculture’s Significance During Economic Crisis Strategic Planning to Restore Sri Lanka’s Position as a Leading Agricultural Exporter. During the 37th session of the Asia and Pacific Regional Conference (APRC) of the Food and Agriculture Organization of the United Nations (FAO), President Ranil Wickremesinghe announced Sri Lanka’s Chairmanship till 2026. President Ranil Wickremesinghe affirmed the government’s…
A proposal to reduce the embarkation tax currently charged from passengers leaving Sri Lanka by passenger vessels and passenger ships has been approved by the Cabinet of Ministers. As per the relevant proposal submitted by the Minister of Ports, Shipping and Aviation, the embarkation tax imposed on those travelling by passenger vessels is set to…
As part of the ‘Sri Lanka Business Drive – 2024’ initiative which was launched under the guidance of the High Commissioner of Sri Lanka to the UK Rohitha Bogollagama, a business and investment networking breakfast Roundtable meeting, organised by the Sri Lanka High Commission, was held on 17February 2024 at VOCO Grand Central Hotel, Glasgow,…
Port City Colombo (PCC) hosted a special business networking session with Lord Marland, Chairman of the Commonwealth Enterprise and Investment Council (CWEIC), on 19th February 2024 at the Port City Colombo Sales Gallery. Acting as an excellent platform for PCC to present its upcoming investment prospects, this occasion showcased Lord Marland’s strong support for PCC’s…
Tourism in Sri Lanka is on a high growth trajectory following a boost in Sri Lanka’s potential as a must-visit destination. Visa free travel for tourists from China, India, Indonesia, Russia, Thailand, Malaysia and Japan has provided the right nudge for tourists to put Sri Lanka on the top of their travel bucket list. Nationals…
The 14th round of negotiations between Sri Lanka and India on the Economic and Technology Cooperation Agreement (ETCA) are scheduled to be held in New Delhi, in the first week of March 2024. At its meeting on Monday (19 Dec.), the Cabinet of Ministers took into consideration the submission made by President Ranil Wickremesinghe regarding…
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