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.…
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…
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…
Sri Lanka’s saving interest rates cross 5 percent
Sri Lanka’s saving interest rates are continuing on an upward trajectory in responding to monetary policy tightening measures taken by the Central Bank of Sri Lanka (CBSL). The Average Weighted…