LONDON (Reuters) – Israel, Uruguay and Sri Lanka were added to England’s safe travel list on Thursday. Travellers from those countries as well as Namibia, Rwanda, Bonaire, St Eustatius & Saba, the Northern Mariana Islands and the U.S. Virgin Islands will no longer have to self-isolate on arrival in England from Saturday. No countries have…
Moving ahead with President Gotabaya Rajapaksa’s vision ‘Vistas of Prosperity and Splendour’, Airport & Aviation Services (Sri Lanka) (Private) Limited – (AASL) geared up to develop the international airports in Sri Lanka. By identifying the long-term delays and prioritizing the implementation of the BIA Terminal 2 construction project the groundbreaking ceremony of the new Terminal-2 of Bandaranaike International Airport (BIA)…
By Export Development Board Higher exports will strengthen 2021-2023 medium-term program of poverty alleviation and economic revival The Export Development Board (EDB) is pleased to see an export-focused budget, which will support strong export growth led by investment, value addition and maximizing Sri Lankan natural resources. This is a pivotal change in Sri Lanka’s growth…
National Chamber views on the new Government’s Maiden Budget National Chamber at the outset acknowledge and appreciated the Government efforts to maintain consistency in taxation policy framework commenced last year with introduction of certain tax cuts and relaxations, without resorting to ad-hoc revenue enhancement measures in the midst of extremely difficult times confronted with Covid-19…
Tokyo Cement Company (Lanka) PLC is expected to sign a Supplementary Agreement with Board of Investment of Sri Lanka (BOI) for the expansion to enhance the production to produce Ordinary Portland Cement and Hydraulic Cement by one million metric ton per year at the existing location at Cod Bay, China Bay, Trincomalee. In a Stock…
By Imran Furkan FCPA, FCMA, MBA – CEO Tresync, Former CEO SLASSCOM The potential for exponential growth The National Export Strategy of Sri Lanka aims to generate USD 5.0 billion of revenue creating 200,000 direct jobs and establish 1000 IT/BPM startups via the IT/BPM industry. This budget clearly codified this message through incentivizing the IT/BPM…
Rahul Sood, a highly successful Seattle based tech entrepreneur and founder of Microsoft Ventures, has joined the ownership group of Jaffna Stallions franchise cricket team in the Lanka Premier League (LPL). Mr. Sood will play a key role to support Jaffna Stallions’ brand development and growth worldwide. “We are delighted to welcome Rahul Sood, creator…
The Sri Lanka Automotive Component Manufacturers’ Association has welcomed the 2021 Budget describing it as a ‘new era for local automotive component manufacturers’. In appreciation of the government’s efforts to encourage entrepreneurs in the automobile industry engaged in vehicle assembly using locally manufactured brand-new auto components, Dimantha Jayawardena, President of the Sri Lanka Automotive Component…
Revenue from Excise duty increased significantly by 11.6% to Rs. 105.6 billion in the first three months of 2020, compared to Rs. 94.6 billion recorded in the same period of 2019 with the increased revenue from all categories applicable to excise duty other than motor vehicles, Fiscal Management Report 2020–21 outlined. However, reflecting the impacts…
Bloomberg – The University of Oxford confirmed that the Covid-19 vaccine it’s developing with AstraZeneca Plc produced strong immune responses in older adults in an early study, with pivotal findings from the final phase of trials expected in the coming weeks. The results, published Thursday in The Lancet medical journal, shed more light on preliminary data released in recent…
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