Fitch Ratings: The world economy is likely to grow a bit faster in 2023 than Fitch Ratings expected in its June Global Economic Outlook (GEO), but the deepening slump in China’s property market is casting a shadow over global growth prospects, just as monetary tightening increasingly weighs on the demand outlook in the US and…
Tea Exporters Association is relieved over the government decision to defer the removal of SVAT until April 2025. The association wishes to thank HE The President, Sectoral Oversight Committees of Parliament, Ministry of Finance and other relevant organizations for understanding the position of all exporters and possible adverse impact that may have fallen on the country’s export…
Medical Help International (MHI) is registered as an International NGO( INGO ) in the USA with registered charity status. This humanitarian aid organization is headed by Ayusha Amarakone – Founder/Executive Director along with Paddy Dassanayake – Director Operations & International Communications, commenced services around the globe especially extending medical services to Sri Lanka since covid-19. MHI USA…
President Ranil Wickremesinghe delivering the keynote speech Tuesday (12) at the inauguration of the new “Alfred House Wing” and the launch of the coffee table book “Journey of Care” at Durdans Hospital in Colombo recognized Durdans Hospital’s significant contributions, including the construction of new buildings. The President emphasized that the hospital’s true achievement lies in…
Submit a report on how PAYE tax should be amended within two weeks – Committee informs trade unions. Emphasizes the urgent need for the government and the International Monetary Fund to resolve the tax issue A new procedure from the Inland Revenue Department for registration of new tax payers. Member of Parliament Hon. Gamini Waleboda,…
Capital market regulator, the Securities and Exchange Commission of Sri Lanka (SEC), has approved the creation of a separate Listing Board and Listing Rules at the Colombo bourse to facilitate the entry of State-Owned Enterprises (SOEs) to the Capital Market. This is in response to the Government’s policy to expedite reforms in SOEs, improve their…
The Ceylon Chamber of Commerce (CCC) expresses its appreciation to the Government and to the President in particular for the decision taken to postpone repeal of the SVAT scheme. The Bill provided to repeal the Simplified Value-Added Tax Scheme (SVAT) effective from January 1, 2024. This raised several concerns among various sectors, including exporters registered…
The Joint Apparel Association Forum (JAAF) welcomes the recent cabinet approval for the deferment of the Simplified Value-Added Tax (SVAT) scheme, set to now take effect from April 1st, 2025. JAAF is particularly appreciative of the decision to ensure that a “strong tax repaying mechanism” is in place before proceeding with the removal of SVAT….
The National ICT Exhibition will be held on November 3rd to 5th 2023 after 3 years in support of Digital Economy of Sri Lanka Federation of Information Technology Industry Sri Lanka (FITIS) is thrilled to announce that INFOTEL2023 will take place from 3rd to 5th November 2023 at the BMICH, after three years. INFOTEL was…
“Tourism would not exist without culture. Culture is one of the principal motivations for the movement of people, and any form of tourism will provoke a cultural effect, on the visitor as well as the host.” – Professor Jafar Jafari, expert and theoretician of the tourism and hotel industry. Following the upheaval caused by a…
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