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EU backs U.S. call for global minimum corporate tax, but rate to be decided

(Reuters) – The European Commission backed on Tuesday a call from U.S. Treasury Secretary Janet Yellen for a global minimum corporate tax, but said its rate should be decided in…

NEXT Recognises Trae Union at its Plant in Sri Lanka

The British multinational clothing, footwear, and home products retailer, NEXT agreed to recognize the newly formed branch of Free Trade Zones and General Services Employees Union (FTZ & GSEU) at its plant (Next Manufacturing (Pvt)…

New Zealand ban live exports of animals by sea citing reputational risks from poor animal welfare practice

Citing reputational risk from poor animal welfare practice, New Zealand is banning live exports of animals by sea. New Zealand’s Agriculture Minister Damien O’Connor on Wednesday announced the controversial practice…

Cabraal Leads Sri Lankan Delegation to Lulu Regional Office

A high-level delegation from Sri Lanka headed by the State Minister of Money & Capital Market and State Enterprise Reforms H E Ajith Nivard Cabraal visited Lulu regional headquarters recently.…

The United States Blacklists Seven Chinese Supercomputing Entities

The Department of Commerce’s Bureau of Industry and Security (BIS) has added seven Chinese supercomputing entities to the Entity List for conducting activities that are contrary to the national security…

Sri Lanka Among 30 Nations Joining A Global Initiative to Tackle Marine Litter

A major international project that will help reduce marine plastic litter from maritime transport and fishing sectors is up for a successful start, after getting 30 countries including Sri Lanka on board.…

Sri Lanka’s President bans Palm Oil Imports, Orders Companies to Uproot Palm Oil Plants…

Sri Lanka’s President Gotabaya Rajapaksa has instructed to completely ban the importation of Palm Oil with immediate effect while ordering plantation firms to uproot Palm Oil Plants in a phased-out…

Launch of the “Bath Curry (බත්කරි ) Indicator” by the Advocata Institute

Food inflation has risen over the last year, although the overall inflation is low. According to the National Consumer Price Index, overall prices rose by 3.7% between January 2020 and…

Softlogic brings all retail operations into one core vertical

Softlogic Holdings PLC completed the transfer of all retail operations into one core vertical under Softlogic Retail Holdings (Pvt) under the restructure plan announced over two years ago. “Softlogic Retail…

CBL Group Clinches Best Corporate Citizen Award

The leading biscuit, chocolate, and confectionery manufacturer CBL Investments Limited (CBL Group) won the Best Corporate Citizen Award (BCCA) of Ceylon Chamber of Commerce (CCC) beating Commercial Bank of Ceylon…