Dialog Axiata to Incur Rs.3-4 Billion under the proposed one-off “Surcharge Tax”
Sri Lanka’s Dialog Axiata PLC, a subsidiary of Malaysia’s Axiata Group Berhad expects to incur Rs.3-4 billion payment for the proposed one-off “Surcharge Tax” to be levied on large companies.…
Semiconductors, Electronics and Pharmaceuticals Lead Digital Transformation in Manufacturing
A new report launched today by the World Economic Forum reveals that the Semiconductors, Electronics and Pharmaceuticals sectors are leading the way in the digital transformation of manufacturing. The Manufacturing Transformation…
Acuity Partners Announces New Chairman and New Independent Directors
Thimal Perera, who presently serves as Director/CEO of DFCC Bank PLC, has been appointed as chairman of the Board of Directors of Acuity Partners (Private) Limited; a full-service investment bank…
EU strongly urges Sri Lanka to lift forthwith import restrictions
The European Union (EU) has strongly urged Sri Lanka to lift forthwith import restrictions preventing many European products from entering its market during the 24th meeting of the Joint Commission held…
Sri Lanka to focus on sending skilled manpower to Saudi Arabia
(Arab News) : Sri Lanka will focus on sending more skilled manpower to the Kingdom and inviting Saudis to tap into its family tourism market, Colombo’s new consul in Jeddah…
Soaring Construction Materials Costs Drives Forex-Crisis-hit Sri Lanka’s Housing Prices To An All-Time High
The overall selling prices of houses had increased by 22.53% and apartments by 17.68% in Q4 2021 when compared to Q4 of 2020, indicating an all-time high price, according to…
IMF Says It Is ‘Ready’ To Help Sri Lanka – If Asked
AFP : The International Monetary Fund is ready to discuss “options” with Sri Lanka if the government asks for financial support, its mission chief for the island told AFP on…
Pakistan likely to issue $200 million loan to Sri Lanka
Pakistan is likely to issue a $200 million loan to Sri Lanka after the country will get a loan installment of $1 billion from International Monetary Fund (IMF). According to…
Sri Lanka seeks IMF advice amid worsening crisis
(AFP) : Sri Lanka has asked for “advice” from the International Monetary Fund amid a worsening economic crisis, the finance minister said Wednesday, signalling Colombo could seek an international bailout. The…
Ceylon Graphite achieves a significant breakthrough in the performance of its silicon enhanced vein graphite anode material for the lithium-ion
Ceylon Graphite Corp. (“Ceylon Graphite”) announced that it has achieved a significant breakthrough in the performance of its silicon enhanced vein graphite anode material for the lithium-ion (“Li-ion”) battery market.…