Colombo Bourse records the largest gain in a month
Colombo Bourse settled firmly in the green zone trading positively throughout the day, continuing its upward trend for the third consecutive day, recording the biggest gain in the past month.…
National Budget 2024: A Framework for National Development – Pragmatic Implementation and Timely Execution Will be Key – Ceylon Chamber
The Ceylon Chamber of Commerce considers the 2024 Budget as a crucial step in continuingthe macroeconomic stabilization measures that began in late 2022, as a response to theeconomic challenges faced…
Ceylon Chamber Urges Government to Reconsider SVAT Abolition amidst concerns on adverse impact on export sector
The Ceylon Chamber of Commerce is urging the Government to reconsider its recent decision to abolish the Simplified Value Added Tax (SVAT) system given the impact it would have on…
COLOMBO PORT CITY RECEIVED APPROVAL FOR
BUSINESSES OF STRATEGIC IMPORTANCE
The Colombo Port City Economic Commission has achieved a significant milestone in its journey, to transform the Colombo Port City into a globally competitive special economic zone (SEZ). The Parliament…
Sri Lanka’s Central Bank Cut SRR by 2 %
In a bid to increase market liquidity, the Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 8 August 2023, decided to reduce the Statutory…
Japanese delegation and Sri Lanka’s president discuss resuming stalled development projects 
Minister of State in the Cabinet Office of Japan, FUJIMARU Satoshi, and, former Minister of State for Regional Revitalization and Regulatory ReformYAMAMOTO Kozo, called on President Ranil Wickremesinghe at the Presidential…
USAID-supported Plastic Recycling Center Opens in Kaduwela
The Kaduwela Municipal Council opened the first of four Plastic Recycling Centers at 567/3, Yashodara Mawatha, Dedigamuwa as a pilot to improve standards in plastic waste collection and apply environment,…
Only 31,000 pay income tax out Out of the 500,000
Although there are 500,000 personal income tax files in this country, only 31,000 of them are paying tax, Mahindananda Aluthgamage, Chair of the Sectoral Oversight Committee on National Economic and…
Sri Lanka Approaches Final Stage of Debt Restructuring Strategy to Revive Economy
Sri Lanka is approaching the final stage of unveiling its debt restructuring strategy, marking a significant milestone in the nation’s efforts to navigate its worst economic crisis in seven decades.…
23 UDA projects halted with state funds running dry and due to inter-institutional conflicts
Sectoral Oversight Committee on Environment, Natural Resources & Sustainable Development disclosed that 23 projects initiated by the Urban Development Authority (UDA) by spending government funds have come to a halt…