Budget 2025: Capital Gains Tax Rate Increased to 15-pct for Individuals & Partnerships
The Capital Gain Tax (CGT) rate applicable for individuals and partnerships will be increased to 15%. The CGT rate applicable for all other entities will be …
Industry
Unveiling Key Insights from IDC’s Microsoft Commissioned Study
As artificial intelligence (AI) evolves from being a technological buzzword to a business imperative, a recent study commissioned by Microsoft to the …
Oracle Considers Colombo Port City for South Asian AI and Cloud Hub
President Anura Kumara Disanayake met with the Executive Vice Chairman of Oracle Corporation Mike Sicilia during the World Governments Summit held in the …
HP unveils the next evolution of large format printing to Sri Lanka
HP has introduced the HP DesignJet Smart Tank T908 MFP and T858 SFP, the first large-format ink tank printers in Sri Lanka, exclusively distributed by The …
Jaffna’s 3axislabs surpasses 100,000 global users with MindMap AI
Jaffna-based 3axislabs is expanding its Sri Lankan operations to meet growing international demand for its services. Having successfully delivered almost 50 …
Hambantota International Port Expands Bunkering with New HSFO Facilities
Hambantota International Port (HIP) marked a significant milestone in January 2025, by successfully integrating High Sulphur Fuel Oil (HSFO) into its range of …
VIDEO: Technofeudalism Unveiled – Yanis Varoufakis on the Fall of Capitalism
Former member of the Greek parliament and Minister of Finance Yanis Varoufakis joins host Chris Hedges on this episode of The Chris Hedges Report to explain …
HNB PLC completes full acquisition of Acuity Partners: Rebrands as HNB Investment Bank
Hatton National Bank PLC (HNB), Sri Lanka’s second largest Private Bank, announced the successful acquisition of full ownership of Acuity Partners (Pvt) Ltd …
Sri Lanka Sees 21-pct Increase in Tourist Arrivals in January 2025
Sri Lanka experienced a significant boost in foreign tourist arrivals, with numbers rising by 21.37% year-on-year to 252,761 in January 2025. This follows an …
Hemas Group records earnings of Rs. 3 bn, a 36-pct growth for the quarter
The Hemas Group recorded earnings of Rs. 3.0 billion, a 36.3 percent growth in consolidated earnings for the quarter with revenue increasing by 6.4 percent to …
Fitch Upgrades 4 Sri Lankan Insurers’ National IFS Ratings After Scale Recalibration, Affirms Three
Fitch Ratings has upgraded the National Insurer Financial Strength (IFS) Ratings of four Sri Lankan insurers following the recent sovereign upgrade and …
The Technocity Pvt Ltd Expands to Dubai, Bringing Premier IT Solutions to the UAE
The Technocity Pvt Ltd, Sri Lanka's leading IT distributor, has officially expanded its operations to Dubai, UAE, signalling a significant milestone in its …
India’s top Lube brand Hindustan Petroleum Lubricants arrives in SL with Sea World Lanka
Hindustan Petroleum Lubricants markets more than 450 grades of Lubricants/Greases and caters to many global auto OEMs To offer full range of premium and world …
ComBank Digital integrates with CSE’s Central Depository System for IPO settlements
The Commercial Bank of Ceylon has announced that ComBank Digital, the Bank’s digital banking platform, is now linked with the Central Depository System (CDS) …
Visa: End-of-Year Tourist Transactions Up by 40% in Sri Lanka This Holiday Season
Surge in card transactions by tourists was driven largely by in-store use of debit cardsDomestic debit spends grew by 45% while cross-border debit spends grew …
Sri Lanka’s DFCC’s Acuity Stake Disposal Yields Limited Capital Boost
Sri Lankan DFCC Bank PLC’s (DFCC, A(lka)/Stable) divestment of its 50% stake in Acuity Partners (Pvt) Limited (APL) is unlikely to result in a material …
Vehicle Cost Calculator: 2025 Brand New vehicle prices for new orders after import ban
Explore the Vehicle Cost Calculator provided by Capital Alliance by clicking the link
British High Commissioner welcomes appointment of new UK Trade Envoy for Sri Lanka
Lord John Hannett of Everton OBE has been appointed as the new United Kingdom’s Trade Envoy for Sri Lanka. Lord Hannett will support the UK’s trade and …
Joint Chambers and Associations proposed solutions for Port congestion crisis
In light of the ongoing challenges faced at the Colombo port, the below listed Joint Chambers, along with key trade, maritime and logistics associations, wish …
Rothschild Estate: Preserving Sri Lanka’s legacy through innovation and excellence
In the world of tea, James Taylor often takes center stage as the pioneer credited with establishing Sri Lanka's tea industry during British colonial rule at …