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Chamber says Govt., tax policies need to be more consistent and transparent
Sri Lanka’s private sector is not amused by the latest government hat trick of making changes to taxes by putting out press notices and backdating the effective date.Sri Lanka’s private sector is not amused by the latest government hat trick of making changes to taxes by putting out press notices and backdating the effective date. […]
Import bill gallops ahead as fuel prices eats gains from textile and apparel exports
Sri Lanka’s import bill raced ahead of export earnings in July, as a hefty fuel bill erased gains from apparel and tea revenues, the Central Bank said Friday. Sri Lanka’s import bill raced ahead of export earnings in July, as a hefty fuel bill erased gains from apparel and tea revenues, the Central Bank said […]
Cheap Cuts
Bank of Ceylon picked up Rs. 250 mn worth of leased backed paper, locking returns for up to four-years. Bank of Ceylon picked up Rs. 250 mn worth of leased backed paper, locking returns for up to four-years. People’s Leasing Co. (PLC) issued the lease-backed securities in the form of a direct loan as a […]
High networth tourists are here to stay, with foreign guest nights up 16 percent last quarter.
High net worth tourists are here to stay, with foreign guest nights in all graded hotels up a sizeable 16.8 percent in the second quarter this year.High net worth tourists are here to stay, with foreign guest nights in all graded hotels up a sizeable 16.8 percent in the second quarter this year. Sri Lanka […]
Are tourists actually spending more in Sri Lanka?
A twelve year snapshot of spending patterns exposed to the rupee devaluation show that tourists are actually spending less than what they used to back in the days of 1992.A twelve year snapshot of spending patterns exposed to the rupee devaluation show that tourists are actually spending less than what they used to back in […]
Feeding Flyers
Diesel & Motor Engineering Company Limited (DIMO) stepped in on Thursday, to assist SriLankan Catering feed thousands of airline passengers setting foot on the island. Diesel & Motor Engineering Company Limited (DIMO) stepped in on Thursday, to assist SriLankan Catering feed thousands of airline passengers setting foot on the island. With its latest venture worth […]
Singapore Only
Singapore is looking at setting up a free trade zone for Singaporean investors in Sri Lanka, before expanding formal economic ties between the two countries.Singapore is looking at setting up a free trade zone for Singaporean investors in Sri Lanka, before expanding formal economic ties between the two countries. A team from Jurong is studying […]
Playing Tag
Plans for new food labelling regulations are in cold storage for the second time this year.Plans for new food labelling regulations are in cold storage for the second time this year. “We are postponing implementation of the new food labelling regulations until January 1st,” said Chief Food and Drugs Inspector, Ministry of Health, S.Nagiah. The […]
Nerd Camp
A knowledge network intended to build up Asian capacity to create and maintain pro-poor, pro-market and innovation friendly policy and regulatory environments for information and communication, took off in Sri Lanka recently. A knowledge network intended to build up Asian capacity to create and maintain pro-poor, pro-market and innovation friendly policy and regulatory environments for […]
Going Thermal
With 100 MW of electricity capacity kicking in on Wednesday and 55 MW on the way, Sri Lanka’s power situation looks better next quarter than it did six months ago. With 100 MW of electricity capacity kicking in on Wednesday and 55 MW on the way, Sri Lanka’s power situation looks better next quarter than […]
BOI woos Singaporeans to invest in Sri Lanka
Singapore is set to become the biggest foreign investor in Sri Lanka over the next few years as the country moves to end a decades-long ethnic war.Singapore is set to become the biggest foreign investor in Sri Lanka over the next few years as the country moves to end a decades-long ethnic war. A shopping […]
Economy grows 5.7% for first six months, Central Bank keeps year end target intact despite oil shock
Sri Lanka’s economy slowed down to 5.2 percent for the second quarter of 2004 dragged down by slower factory output for export goods and a prolonged drought, the Central Bank said Thursday.Sri Lanka’s economy slowed down to 5.2 percent for the second quarter of 2004 dragged down by slower factory output for export goods and […]