Industry associations, academics and writers express alarm over long-term consequences of making books more expensive for the masses The latest salvo against the government’s imposition of value-added tax (VAT) on hitherto exempted sectors came today from Sri Lanka’s book industry, which has called for an immediate reversal of the decision to tax the sale of…
The Government of Sri Lanka has made arrangements to borrow USD 150 million from the International Development Association (IDA) of the World Bank Group to finance the implementation of Financial Sector Safety Net Strengthening Project. The Financial Sector Safety Net Strengthening Project will contribute to strengthen Sri Lanka’s financial sector safety net with the focus…
By Prof. Samitha Hettige The British allowed Sri Lanka (SL) to be independent in 1948 but SL depended on; British, Dutch, Portuguese & Indians from time to time prior to that. Unlike Nepal, Bhutan & Bangladesh etc. which depends on India more often in the absence of the British, SL depended on India for conflict…
Han Moon Chul , a popular YouTube sensation with 1.78 million subscribers and a Broadcaster in Korea , visited Sri Lanka on the 27th of January 2024 , and received a warm welcome from the Sri Lanka Tourism Promotion Bureau , where he had a high level meeting with the top management of the Sri…
The captioned units of the CAL Five Year Optimum Fund were officially listed on the Colombo Stock Exchange (CSE) on 1st February 2024. Accordingly, 193,904,428 units of the fund were listed by way of an Introduction. This is the first unit listing in over a decade, warranting the occasion to be marked with a special…
Teejay Lanka PLC has maintained its positive trajectory in the third quarter of 2023-24, recording noteworthy pre- and post-tax profit growth for the three months ending 31st December 2023 and reversing the losses of the corresponding quarter of the previous year. Sri Lanka’s first multinational textile manufacturer has reported profit before tax of Rs 677.7…
Over 300 oil and gas cargo vessels visited the Hambantota international Port (HIP) in 2023, recording a 132 percent increase in vessel calls compared to 2022. A key reason for this is the port’s bunkering partner Sinopec actively operating in the market, bringing significant value addition to the HIP’s commercial operations. The overall oil &…
Meta CEO Mark Zuckerberg has apologised to families who say their children had been harmed by social media, during a fiery hearing in the US Senate. BBC – Mr Zuckerberg – who runs Instagram and Facebook – turned to them and said “no-one should go through” what they had. He and the bosses of TikTok,…
Summarised below are the key operational and financial highlights of our performance during the quarter under review: During the quarter under review, the Group reported a strong performance with all industry groups recording a growth in profits. Group earnings before interest expense, tax, depreciation and amortisation (EBITDA) at Rs.13.74 billion in the third quarter of…
The President said at the opening of the new building complex of the University of Kelaniya Postgraduate Institute of Pali and Buddhist Studies. President Ranil Wickremesinghe aspired for a golden era of education in the country, demonstrating relentless dedication – Senior Professor Ven. Medavachchiye Dhammajothi Thera. Universities are not restricted areas and should be accessible…
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