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Ceylon Chamber Urges Government to Reconsider SVAT Abolition
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 will have on the functioning of the export industry. This comes at a critical time when Sri Lanka has seen a significant dip in exports of over 10% […]
President heads to Cuba to address G77 + China Leaders’ Summit
President Ranil Wickremesinghe is set to depart for Cuba to address the G77 + China Leaders’ Summit next week. This summit, themed “Current Development Challenges: Role of Science, Technology and Innovation,” is scheduled for September 15 and 16, 2023, in Havana, Cuba. President Wickremesinghe’s participation in the summit comes as a result of an official […]
Tax to 30-pct on EPF is unjust as members end up paying more than corporate sector: Eran W
Eran Wclramaratne stressed that chapter 27 of the Constitution, envisages that the directive principles policy shall guide parliament, President and the Cabinet of Ministers in the enactment of laws and the governance of Sri Lanka to establish a just society. But the government’s Domestic Debt Optimisation programme highlights the government’s discriminatory principles and that the […]
Mastercard and Colombo Port City Economic Commission Sign MoU for City Possible
Mastercard and Colombo Port City Economic Commission today announced the signing of a Memorandum of Understanding (MoU) to collaborate by leveraging Mastercard’s City PossibleTM platform for the development of Port City Colombo, an export-oriented, multi-service-focused Special Economic Zone. Colombo Port City Economic Commission envisions positioning Port City Colombo, as a modern, sustainable, Smart City, and […]
Tea Exporters Association Highlights Resilient Tea Industry Amidst Global Challenges
The 24th Annual General Meeting (AGM) of the Tea Exporters Association (TEA) was held on the 1st of September 2023, amidst the presence of industry stakeholders and esteemed guests. The AGM, which took place at the Grand Marquee, Taj Samudra, showcased the resilience of the Sri Lankan tea industry amidst global challenges. Vimalendra Sharan, FAO […]
UN HR Commissioner says, Call for historic transformation is far from being realised in Sri Lanka
Sri Lanka suffers from a continuing accountability deficit – be it for war crime atrocities, more recent human rights violations, corruption, or abuse of power – which must be addressed for the country to move forward, according to a UN Human Rights Office report published on Wednesday. “More than a year ago mass protests demanded better governance […]
You will find many surprises in the next budget: President
Sri Lanka’s President Ranil Wickremesinghe, who is also the Finance Minister, told Parliament yesterday that there will be many surprises in the next budget. He was responding to a query made by the Chairman of the Committee on Public Finance Harsha de Silva on DDO. “Don’t go to the company that is making unconscionable profits […]
Australian Government to hold Study Australia Showcase in Colombo
The Australian Trade and Investment Commission (Austrade) will hold a Study Australia Roadshow in Colombo on 14 September 2023. The showcase will be a one-stop-shop to address visitors’ queries on studying in Australia. The roadshow will be a valuable platform for students, parents and school teams to engage directly with delegates from an extensive line-up […]
WindForce Commence development of 10MW Solar Power Project in Kebitigollewa
WindForce PLC achieved a significant milestone by officially signing the Power Purchase Agreement (PPA) for the development of the 10MW Kebitigollewa Solar Power Project. This momentous event marked the commencement of the project and was attended by key stakeholders, including N.S. Ilangakoon, Chairman of the Ceylon Electricity Board (CEB), Manjula Perera, Managing Director of WindForce […]
Driving evidence based policy reforms that enhance women’s economic participation and empowerment
Advocata Institute held the “Women’s Policy Action Network” (WPAN) conference recently to put forward Advocata’s continuous and WPAN’s research on the gaps, barriers and potential solutions for further enhancing women’s economic empowerment in Sri Lanka. The primary aim of the WPAN is to lobby for evidence-based policy reforms that support greater labour force participation of […]