COPF Clears New Tax Measures aimed at Closing Tax Loopholes existed Soap Production Import Materials
The Committee on Public Finance (COPF) convened last week to address critical matters pertaining to the importation of ‘soap noodles’ for soap production and to consider the Order under the…
CSE breaks 4-day slump
Colombo Bourse bounced back and settled firmly in green as investors turned optimistic after the State Minister of Finance noted that Sri Lanka and the IMF are finalizing signing the…
Sri Lanka’s August consumer inflation eases to 2.1%
(Reuters) – Sri Lanka’s consumer price inflation rate eased to 2.1% year-on-year in August from 4.6% in July, helped by falling food prices, the statistics department said on Thursday. The…
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…
COPF raps Finance Ministry over its failure in recovering the loss incurred by the Sugar Tax Scam
The Committee on Public Finance (COPOF) questioned the officials representing the Ministry of Finance regarding the action taken to recover the loss incurred by the Sugar Tax Scam in Sri…
Ceylon Chamber Announces Strategic Partnership to Implement ERP Solution
The Ceylon Chamber of Commerce entered a strategic partnership with renowned implementationservice provider Pristine Solutions Pvt Ltd, to revolutionize its operations and bring cutting-edgetechnology to the forefront with the implementation…
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…
Sri Lanka Agripreneurs’ Forum and I/D/E/A/S Announce Partnership Launch “Agcelerator” Funding and Mentoring Program for Agri SMEs and Startups
Sri Lanka Agripreneurs’ Forum (SLAF), the leading agribusiness association in Sri Lanka, and I/D/E/A/S(Initiatives in Development of Entrepreneur Approaches & Strategies), a group of retired Sri Lankanprofessionals dedicated to giving…
India hands over INR 450 million for Sri Lanka’s Unique Digital Identity project
Indian High Commissioner handed over a cheque of 450 million for the Sri Lanka Unique Digital Identity (SL-UDI) Project. High Commission of India in Colombo, Sri Lanka twitted, “High Commissioner…
Abu-Dhabi based low-Cost Carrier Air Arabia clears to operate to Sri Lanka
The low-Cost Airliner (LCA) will operate scheduled direct flights to Colombo, qualifying itself with the Sri Lanka Civil Aviation technical and operational requirements and meeting with international safety standards, Passenger…