Reuters – ** Sri Lankan shares closed at a 12-week high on Monday, led by financial services and telecom companies, while the rupee closed weaker on dollar demand from importers. ** Presidential candidate Gotabaya Rajapaksa issued a statement on Friday pledging a tax overhaul that would reduce value-added tax to 8% from the current 15%,…
Speaking at a forum in Colombo on Friday (25) former SEC Chairman Dr. Nalaka Godahewa noted that better management is important to increase the performance of loss-making state institutions and turn them into profitable entities. “As a person who has taken over several loss-making state institutions and turned them into profit-making entities, I personally know…
Capital Alliance Securities (Pvt) Ltd, in joint collaboration with AKD Securities, Pakistan and LankBangla Securities Ltd, Bangladesh, is set to organize the Annual South Asia Investor Conference (SAIC) on 5th November 2019 at the Four Seasons Hotel, Singapore. This is a one-of-a-kind conference that will feature leading, large and mid-cap corporates from Pakistan, Sri Lanka…
A Sri Lanka Tourism and Tea Pavilion was opened at the Gourmet and Tourism Gallery of the ‘Buchmesse’ International Book Fair in Frankfurt am Main, Germany from 16th to the 20th October, 2019. This Fair gave an ideal opportunity to showcase Sri Lanka Tourism for the first time at the ‘Buchmesse’ which is the world’s largest Book Fair…
Vistara announced a daily (except Wednesdays) direct service to Colombo, Sri Lanka from 25 November 2019 onwards, making it the fourth international destination in its fast-expanding network. The airline will deploy A320neo aircraft with three-class cabin configuration between Mumbai and Colombo , which makes Vistara the first airline to offer the choice of Premium Economy…
Former governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal noted that measures will be taken to reform the Credit Information Bureau (CRIB) and to offer an 18-month debt moratorium in order to help businesses. “We will reform the CRIB. We will bring up some restructuring systems so that people who have shown…
Sri Lanka Podujana Peramuna Presidential candidate Gotabhaya Rajapaksa today (25) noted that he would introduce a new simplified tax policy that would see the lessening and removal of certain taxes. “The Economic Service Charge, withholding taxes will be repealed and the pay-as-you-earn tax (PAYE) will be removed for both public and private sector employees”, Rajapaksa said…
The Board of Investment of Sri Lanka signed a supplementary agreement with Moody’s Analytics Knowledge Services Lanka (Pvt) Ltd to expand their IT enabled Services. The project will provide IT enabled research and analysis services for export, provide editorial, desktop processing and compliance services, financial training, research, research and analysis services in respect of overseas…
The Securities and Exchange Commission of Sri Lanka (SEC) will for the first time in its history, launch a “Round Table Discussion with Auditors and other Capital Market Stakeholders” on Thursday 31st October 2019 from 2.30 p.m. to 6.30 p.m. at Hilton Colombo. In a letter of invitation addressed to multidisciplinary Institutions and Professionals, the…
Sri Lanka has advanced to 99th position out of 190 countries in the World Bank’s 2020 business rankings, from 100th position in the 2019 report, the World Bank said on Thursday. However, Sri Lanka’s doing business score unchanged at 61.8 from the 2019 ranking released last year. The top 10 best places in the world…
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