All Blogs
Central Bank differs rate hike, as inflation gallops ahead
Sri Lanka’s budget deficit expands and reserves make a small recovery, as the government differs payments and opts for dollar bonds to balance the books.Sri Lanka’s budget deficit expands and reserves make a small recovery, as the government differs payments and opts for dollar bonds to balance the books. The overall budget deficit for first […]
No Can Do
The Central Bank on Tuesday warned the public that Kandy based Lankawin Finance Company Limited was taking deposits without a license under the Finance Company’s Act.The Central Bank on Tuesday warned the public that Kandy based Lankawin Finance Company Limited was taking deposits without a license under the Finance Company’s Act. “The public is informed […]
Gold Mine
Sri Lanka’s Central Bank Tuesday raised the price of its commemorative gold coins by 43.75 percent as it ended a four-month suspension on the sale of precious metal coins.Sri Lanka’s Central Bank Tuesday raised the price of its commemorative gold coins by 43.75 percent as it ended a four-month suspension on the sale of precious […]
Global tour operating giant TUI AG takes up 25% slice in Aitken Spence Travel Ltd
Global tour operating giant TUI AG, is taking up a 25 percent slice in Aitken Spece Travel Ltd., to jointly develop Sri Lanka as an attractive holiday destination. Global tour operating giant TUI AG, is taking up a 25 percent slice in Aitken Spece Travel Ltd., to jointly develop Sri Lanka as an attractive holiday […]
Delayed Post
Postal Department employees will go on over-time-strike from twelve midnight on Monday until over time dues for September are paid.Postal Department employees will go on over-time-strike from twelve midnight on Monday until over time dues for September are paid. “From midnight today we will not do the over time shifts until the pay us our […]
The Treasury has “no good news” on tax anomalies
The Treasury says it has no “good news” to offer in terms of rectifying tax anomalies and says belt up and pay up to prosper.The Treasury says it has no “good news” to offer in terms of rectifying tax anomalies and says belt up and pay up to prosper. “I have no good news,” said […]
The European Commission is putting up grants up to Rs12.5 mn under its Small Projects Facility.
The European Commission is inviting project proposals to provide grants up to Rs 12.5 mn under its Small Projects Facility (SPF). The European Commission is inviting project proposals to provide grants up to Rs 12.5 mn under its Small Projects Facility (SPF). Project proposals can be submitted by Sri Lanka based non-profit legal entities, governmental […]
Managing the country’s forests and wildlife sanctuaries is an expensive business for the cash strapped government
Managing the country’s forests and wildlife sanctuaries is an expensive business for the cash strapped government.Managing the country’s forests and wildlife sanctuaries is an expensive business for the cash strapped government. The leisure industry sees huge potential in nature related tourism and is keen to help raise awareness about the wildlife product here and conserve […]
Vanik on the mat after failing to meet interest payments for debentureholders
The Trustee of Vanik debentureholders have asked the Colombo Stock Exchange to take action against the company for failing to honour its interest payments.The Trustee of Vanik debentureholders have asked the Colombo Stock Exchange to take action against the company for failing to honour its interest payments. Trustees Secretarius (Pvt) Ltd said the third installment […]
Primary Dealers lobby for tax correction
Primary dealers were lobbying to correct a rushed provision to the Inland Revenue Act last month that could slap a huge tax bill on the industry.Primary dealers were lobbying to correct a rushed provision to the Inland Revenue Act last month that could slap a huge tax bill on the industry. Although the Inland Revenue […]