Trade, Commerce and Food Security Minister Nalin Fernando pledges a significant reduction of 75% in the cost of living burden on the people by the end of the first quarter this year. He attributes this positive outlook to the initiation of 2024 with a positive economic growth rate. Minister Fernando expressed his commitment to enhancing…
The total tax revenue due on 30.06.2023 is 943 billion rupees Even the taxpayers who have been identified as having to pay taxes have not paid taxes Under existing laws, tax can be evaded for 15 years Urgent steps to amend existing laws A special meeting was recently held in the Parliament under the chairmanship…
The Sri Lanka Association for Software and Service Companies (SLASSCOM) recently hosted a CEO Breakfast Series, focusing on the imperative theme of Green Digital Economy and the endorsement of E-signatures to propel Sri Lanka towards a sustainable future. In alignment with Sri Lanka’s vision to be recognized as the world’s first Green IT/BPM destination, SLASSCOM…
The Value Added Tax (VAT) imposed to prevent social conflicts in the long run is creating conflicts at the lower levels of the society. Attempts to block the increasing of state revenue (especially in a welfare state) may indicate many intentions. While the silent majority is struggling to adjust for a ‘Collective Sacrifice’ few seems…
During the South Coast peak season of January through March of 2024, the ‘Galle Concerto’ series gives impetus to a symphony of heritage and contemporary festivals in art, food, literature, and music. Leading Lankan and international culture makers will be headlining the events – speaking, presenting and creating on topics pertinent and inspiring to Sri…
Despite the El Nino-related weather disturbances affecting key agricultural areas globally and the disruptions in the Black Sea stemming from the war in Ukraine, there is encouraging data suggesting further easing in food inflation in the new year. This development comes amid the soaring risks of food riots in emerging markets, as the weakening of…
Prime Lands Residencies PLC, the real estate leader, has announced a change in leadership with Sandamini Perera assuming the role of Executive Chairperson of the Company’s Board of Directors, effective January 01, 2024. She takes over from outgoing co-chairman, Premalal Brahmanage, who has stepped down from the role after nearly 03 years of dedicated service…
BYD Annual Sales Exceeds 3 Million Units BYD has concluded 2023 with record-breaking sales volume, which surpasses the 3 million annual sales target and becomes the global new energy vehicle (NEV) sales champion, for the second year in a row. This year also marks BYD being listed among the global top 10 of car sales…
Billionaire Gautam Adani, Chairperson of Adani Group, reacting to the Supreme Court judgment on allegations levelled by a US short-seller against his conglomerate, said recently that truth has prevailed and his group would continue to contribute to India’s growth story. The Supreme Court on Wednesday ruled that there was no ground to order an investigation…
Conveniently located in the heart of the business district, the second Sheraton Hotel in Sri Lanka is set to be the gathering place where locals and travellers can collaborate, connect and have a sense of belonging. Sheraton Hotels & Resorts, part of Marriott Bonvoy’s portfolio of over 30 extraordinary brands, today announced the opening of…
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