SriLankan Airlines confirms that current news reports stating that the airline has lost essential workers due to a recent retirement scheme is completely inaccurate and without basis. The airline, like many other local organizations across industries, is facing a talent drain in the wake of the economic crisis, and this is not in any way…
President Ranil Wickremesinghe stated that he is interested in exposing Sri Lanka to the world for economic development promptly as possible and to implement related legal reforms. The President expressed these views while participating as the chief guest at the “Indian CEO Forum” held yesterday (13) at the Taj Samudra Hotel in Colombo. President Ranil…
Sinopec Energy Lanka (Pvt) Ltd and the Board of Investment of Sri Lanka (BOI) have signed an agreement (Dated 14, July 14, 2023) to operate and set up fuel stations for distribution in Sri Lanka. Sinopec has invested $100 million in the project, which includes the import, storage, and sales of fuel. The project will…
Source: AIPUT Sri Lanka-headquartered EFL Global has opened its first facility in the UK as it looks to cater for high-street retailer demand. The Black Arrow warehouse was developed by Airport Industrial Property Unit Trust (AIPUT) and is located at the Blackthorne Point logistics campus close to Heathrow Airport. EFL’s facility, which will create 35…
Emphasizes need for formal measures to regulate public spending and generate additional revenue for the state. The report of the committee appointed to recommend revenue-generating strategies presented to the President. President Ranil Wickremesinghe stressed the importance of financial discipline in nation-building and announced plans to promptly introduce formal measures to control public expenditure and generate…
The Sri Lanka – Pakistan Business Council (SLPBC) of The Ceylon Chamber of Commerce is proud to announce the hosting of a prestigious Business Forum and a series of exclusive B2B meetings with a distinguished business delegation from Pakistan on 19th July, at the Cinnamon Grand Hotel, Colombo. The event will provide a platform to…
First Capital, the pioneering investment institution and non-bank market leader in primary dealing, successfully concluded the 8th edition of the First Capital Colombo Symposium 2023, one of the largest investor symposiums ever held in Sri Lanka. The event themed “Invest with Impact, Seize Capital Market Opportunities” took place on July 4th, 2023, at the Shangri-La…
• Negotiations to amend the Inland Revenue Act and abolish the Tax appeals commission • Proposals to establish a systematic mechanism for regulating the receipt of tax revenue Although there are 500,000 personal income tax files in this country, only 31,000 of them are paying tax, Hon. Mahindananda Aluthgamage, Chair of the Sectoral Oversight Committee…
Day 3 of the TAAI Convention took a stunning end as it turned out to be a day filled with entertainment, glamour, activity and socializing towards the evening. Sri Lanka Tourism, in collaboration with SLAITO, concluded it’s highly successful TAAI Convention 2023 this year, themed ‘’Transforming Borders –Transforming Lives ‘’. The 3rd day began with…
Reuters – Zambia’s overseas bondholders have entered into non-disclosure agreements (NDA) with the government as of Wednesday, according to three sources, a key step marking the beginning of formal restructuring talks over $3 billion of international bonds. The country’s government is expected to share with some of its biggest international bondholders – members of the…
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