Ceylon Chamber Pleads Government to Reconsider the Surcharge Tax Bill
The membership of the Ceylon Chamber of Commerce notes serious concerns on the provisions of the Surcharge Tax Bill that has been gazetted recently to implement the budget proposal on…
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.…
9 Finance Companies Infused Rs.12.6B in fresh capital to meet regulatory capital requirements
Under the Central Bank of Sri Lanka’s (CBSL) Masterplan for Consolidation of Non-Bank Financial Institutions, nine Finance companies have already introduced fresh capital of Rs 12.56 billion to meet regulatory…
ASPI to reach 15,000 in 1Q with negative returns predicted to materialize from 2Q onwards with possible shocks
The main index of the Colombo Stock Exchange (CSE), the All Share Price Index (ASPI) is forecasted to reach the 15,000 mark in the first quarter of the year before…
International and Local Experts Stress the Need For Bold And Radical Reforms for Sri Lanka this year
International and local economic experts and corporate leaders stressed the need for a concrete, long-term and bold reform agenda for the economy as the country braces for a critical year…
Colombo Port’s East Container Terminal’s Construction Second Phase Begins
Construction of the second phase of the Eastern Container Terminal (ECT) of Colombo harbor commenced today (12th) morning under the patronage of President Gotabhaya Rajapaksha and Prime Minister Mahinda Rajapaksha.…
Sri Lanka’s Business Chambers urge the Government to seek IMF Support
Sri Lanka’s top business chambers urged the government to seek the support of the International Monetary Fund (IMF) as the forex crisis deepens pushing some businesses to consider relocating and…
Most Sri Lankan Exporters Grappled with high costs and shortages in sourcing inputs for exports
Most of Sri Lanka’s exporters are grappled with high costs in sourcing export inputs with some exporters are struggling to source export inputs while facing shortages, according to a recent…
LOLC Group Locks In Leasehold Rights of another Two Land Plots in Colombo Port City for $98M
Browns Investment PLC, the strategic Investment Arm of Ishara Nanayakkara-controlled LOLC Group moves to invest in key leisure and tourism projects of Chinese-backed Colombo Port City (CPC) as it secured…
Monisha Abraham Replaces Nedal Salem as new CEO/MD of Ceylon Tobacco Company PLC (CTC)
Monisha Abraham has replaced Nedal Salem as the new Managing Director (MD), Chief Executive Officer (CEO), and n Executive Director of Ceylon Tobacco Company PLC (CTC) with immediate effect, making…