Aitken Spence Travels, Sri Lanka’s premier destination management company, proudly celebrated the arrival of the first Bulgarian charter flight for the Winter 2023/24 season at the Mattala Rajapaksa International Airport (MRIA) on the 27th of December 2023. Operated by ‘Bulgaria Air,’ the flight brought over 200 enthusiastic holidaymakers eager to explore the wonders of Sri…
By Rasith Wickremasinghe COYLE Chairman The Sri Lankan economy currently grapples with the significant challenges presented by a complex financial situation unfolding in unprecedented ways. As the country tackles the intricacies of this economic turmoil to overcome fiscal obstacles, there is a prevailing sense of concern among the populace. Against this backdrop, the nation contends…
Sri Lanka’s merchandise exports increased by 4.4% to US$ 968.8 Million in November 2023 compared to October 2023 as per the provisional data released by the Sri Lanka Customs.However, it is a 2.67 % decrease when compared to the value recorded in November 2022. The Figure 1 shows the comparison of Monthly Merchandise Export Performance…
Janashakthi Group (JXG), a leading conglomerate in financial services with a presence in the Insurance, Finance, and Investment sectors, announces a strategic move to enhance Group synergies through the transfer of 25% of First Capital Holdings PLC shares to Janashakthi Insurance PLC. This transfer is aimed at fostering a more cohesive and integrated approach across…
Swift Resolutions to Address the Challenges in Muslim Religious Education. Dedicated Attention to the Issues Faced by the Hill Country Tamil Community. Freedom of Expression, Unrelated to Terrorism or Attempts to Incite Revolution, should be Permitted. Let us collaborate for a Prosperous and United Sri Lanka – The President Extends a Renewed Invitation to All…
AGEL completed the transfer of 1,050 MW renewable portfolio to a JV between AGEL and TotalEnergies AGEL contributed the mix of operational (300 MW), under construction (500 MW) and under development assets (250 MW) and TotalEnergies has made equity investment of USD 300 million Adani Green Energy Limited (AGEL) today announced the completion of the…
By Prof. Samitha Hettige In 2023 the Earth community celebrated the 23rd anniversary of human presence in Space Stations. Space explorations started in the 1960s with goals of resolving human conflicts connected with settlements etc. USA & USSR were the front runners & Russia, Japan, China & India etc. contributed later. By now some have…
The Sri Lanka Gem and Jewellery Association (SLGJA) has raised serious concerns about the government’s unprecedented decision to subject the industry to the Value Added Tax (VAT) regime. The SLGJA fears that such a move could lead to foreclosures and compel the private sector to relocate overseas or revert to the informal sector. The gem…
Japanese Finance Minister Shunichi Suzuki announced on Tuesday that he will embark on visits to Cambodia and Sri Lanka in January. During these visits, Suzuki aims to address economic challenges and strengthen financial cooperation between Tokyo and the two nations. The finance minister is set to emphasize the critical need to advance debt restructuring efforts…
The barometer of business confidence regains lost ground but uncertainties loom large Despite a notable 51 percent increase in state tax revenue during the first nine months of 2023 compared to the previous year, the IMF’s target remains unmet. Finance Ministry officials anticipate that the higher rate of value added tax (VAT) to 18 percent…
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