Australia Keen to Invest in Sri Lanka’s Mining, Energy and Agriculture Sectors
With Australian companies increasingly eager to explore investment opportunities in Sri Lanka, tradeand investment promotion and facilitation activities can play a vital role in fast-tracking foreign directinvestment, High Commissioner for…
PrimeGlobal adds member firm in China and debuts in Sri Lanka
Global professional services association PrimeGlobal has in recent months welcomed two new member firms in Asia: Pengsheng in China, and Ranwatta & Co in Sri Lanka. Headquartered in Southern China…
Locally assembled Hyundai Grand i10 hit the roads in Sri Lanka
The Hyundai Grand i10 car, assembled for the first time in Sri Lanka was launched at the Colombo City Centre yesterday (10) under the patronage of President Ranil Wickremesinghe. The…
Steps underway to establish a National Policy Commission for planning, implementing, monitoring and reviewing national policies and strategies
A discussion pertaining to the concept paper related to the proposed establishment of the National Policy Commission for the purpose of planning, implementing, monitoring and reviewing national policies and strategies…
Sri Lank’s trade deficit hits a 12-year low in 2022
The deficit in the trade account in 2022 narrowed to the lowest level since 2010 to $ 5,185 million, from $8,139 million recorded in 2021. Earnings from exports in 2022…
Sri Lanka targets UAE, Saudi Arabia in global tea promotion campaign
Arabnews:Sri Lanka’s tea industry is planning a global promotional campaign targeting its main export destinations, including the UAE and Saudi Arabia, as the crisis-hit country looks to attract additional foreign…
COPA Pushes for proper implementation of the Revenue Administration Management Information System (RAMIS) at IRD
Several new proposals were proposed by the Committee on Public Accounts (COPA) to make the work of the Inland Revenue Department more efficient including proper implementation of the Revenue Administration…
USAID Commences 5-Year Ocean Plastics Reduction Project in Sri Lanka and Maldives
The United States Agency for International Development (USAID) announced the official launch of a planned 5-year project in Sri Lanka and Maldives to reduce environmental plastics by decreasing the industrial…
Inland Revenue (Amendment) Act comes into force from today
Speaker Mahinda Yapa Abeywardena today (19) endorsed the certificate on the Inland Revenue (Amendment) Bill which was passed by a majority of votes after debate in Parliament. Following the debate…
Government Considering acquiring underutilized land owned by Regional Plantation Companies
Minister of Plantation and Industries Ramesh Pathirana stated that attention has been directed towards taking over underutilized land owned by large-scale plantation companies and the proposal regarding the said has…