UltraTech Cement Lanka (Pvt) Ltd welcomes the government initiative to reduce VAT and eliminate NBT. Its effect on the prices of construction material is expected to benefit the construction industry in Sri Lanka. As part of its commitment towards the growth of the Sri Lankan economy, the company, as a goodwill gesture, has passed on…
With the reviving economy, there has been a significant surge in demand for the luxury homes asset class in the metropolitan cities. However, there is a shortage of luxury developers in Sri Lanka, chief marketing officer of The One Transworks square, Jaideep Wahi said while addressing an event organized to celebrate their achievement at The…
The Public Debt Department of the CBSL states that the bank has issued Rs. 25,000 million worth treasury bonds for an auction held yesterday (12). Accordingly, the Central Bank has issued Rs. 15,000 million Treasury Bonds under the series of 9.85% 2024’A’ and Rs. 10,000 million Treasury Bonds under the series of 11.00% 2030’A’.
The ‘Colombo Port City Project’ was commenced in the year 2014, in association with the Sri Lanka Ports Authority and the Chinese investor, CHEC Port City Colombo (Pvt) Ltd., as an investment made by the private sector. After 2015 01 08, changing the original scope of the said project, relevant project has been implemented as…
Plan International is ceasing its operations in Sri Lanka after nearly four decades of implementing development programmes in the country and supporting hundreds of thousands of children. The organization’s exit is based on the significant growth in Sri Lanka’s economy and a marked improvement in its Human Development Index ranking, which now ranks Sri Lanka…
Speaking on the recent tax cuts introduced by the new Government, emerging markets investor, Dr. Mark Mobius quipped that the Administration should cut taxes even more. “I think they should cut the taxes more,” Dr. Mobius said while addressing a forum in Colombo on Tuesday (10) organized by Cinnamon life. “I’m not necessarily a fan of Mr.Laffer….
Sri Lanka Tourism Promotion Bureau (SLTPB) was able to make an impressive contribution at the International Luxury Travel Market (ILTM) which was held from 30th October to 01st November 2019, at Shanghai Exhibition Center, China. SLTPB participated at this event for the second consecutive year to provide an opportunity for the luxury segment of Travel…
A master class in the appreciation of Ceylon Tea took place at 40,000 feet when Emirates and Sri Lanka’s premier brand Dilmah celebrated a 27-year partnership on board an Emirates A380 flying between Dubai and London. Held at the iconic A380 On-board Lounge by Dilhan Fernando, CEO, Dilmah Tea and the founder of Dilmah,…
(Reuters) – Sri Lankan shares gained for the first time in seven sessions on Thursday, helped by large-cap LOLC Holdings Plc, while the rupee ended higher. ** The benchmark stock index closed up 0.65% at 6,099.66, recovering from a near four-week closing low in the previous session. The bourse fell 1% last week, but is…
The Treasury has approved the payment bonus for 2019 for the employees of state-owned statutory bodies and fully state-owned companies. The Treasury has issued a circular in this regard to all Secretaries to Ministries, Heads of fully State owned Companies and Chairmen of all State Owned Enterprises (SoEs) SoEs eligible to pay bonuses have been…
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