Dairy industry seeks clear access to land and water for forage crops
The All Island Dairy Association (AIDA) urges the government to remove restrictions on land and water utilization for forage crops to increase the quantity and quality of milk production. All…
Prime Minister pays an impromptu visit to Cinnamon Life construction site
The Prime Minister Mahinda Rajapaksa, made a brief impromptu visit to the country largest integrated mixed development project, Cinnamon Life construction site earlier yesterday, where he met with John Keels…
Sri Lanka allows importation of special bamboo sticks for incense stick production with tax relief
Sri Lanka’s Cabinet of Ministers decided to allow importation of special bamboo sticks for incense stick production with tax relief citing shortages in sourcing these bamboo sticks locally. The proposal…
The government to call proposals to build a multi-storied car park in Otter Club premises
The government has decided to build multi-storied car parks with housing and office units in the recently acquired Otter Aquatic Club premises and three other locations in Colombo City, the…
Top client sues PwC SL
According to latest local media reports, the major shareholders of the Altair project have filed legal action in the District Court of Colombo against PricewaterhouseCoopers Lanka Ltd. (PwC Sri Lanka),…
Maximum interest rate on credit cards reduced to 18%
The Central Bank of Sri Lanka (CBSL) has revised the regulated interest rates for Credit Cards, Pre-arranged Temporary Overdrafts, Pawning Facilities and Penal interest rate over the regular interest rate.…
Dissolved Parliament cannot be reconvened, President tells Opposition
President Gotabaya Rajapaksa, in response to the joint statement received by him on Tuesday, 26th of April, 2020 with the signatures of leaders of major opposition political parties, informed them that…
World Bank Fast-Tracks $128 Million COVID-19 Support for Sri Lanka
WASHINGTON, — The World Bank’s Board of Executive Directors Thursday (02) approved the $128.6 million Sri Lanka COVID-19 Emergency Response and Health Systems Preparedness Project to help the country prevent,…
CSE offers guidance to Listed companies on hosting AGMs amidst the COVID-19 outbreak
The Colombo Stock Exchange (CSE) has continued to receive inquiries pertaining to the hosting of Annual General Meetings (AGMs) and requesting guidance to comply with the mandatory requirement within the…
Inflation 5.4%
Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI), declined to 5.4% in March 2020 from 6.2% in February 2020, the Central Bank reported.…