Tag: lbo
Govt increasing tax burden on poor and working people on IMF conditions but not taxing capitalists: Eran
Oppositions MP Eran Wikramaratne has alleged that there is a bizarre situation in the implementation of the agreement with the International Monetary Fund, as the tax burden on the poor and working people was imposed even before the implementation of the IMF conditions. According to the report, the taxation of capitalists has been delayed until […]
Ceylinco Life retains market leadership for 19th consecutive year in 2022
Ceylinco Life policyholders received a mammoth Rs 18.9 billion in net claims and benefits in 2022, as the Company achieved its 19th consecutive year of market leadership in Sri Lanka’s life insurance sector with gross written premium income of Rs 29.16 billion for the 12 months ending 31 st December. Premium income grew by a […]
Indian Min Jaishankar inaugurates “Geoffrey Bawa: It is essential to be there” marks 75 yrs of Indo-Lanka relations
Indian Minister of External Affairs Dr. S. Jaishankar inaugurated the Sri Lankan exhibition “Geoffrey Bawa:It is Essential To be There” at the National Gallery of Modern Art in New Delhi recently. Indian Minister of State for External Affairs and Culture Meenakshi Lekhi was also present on this occasion. The historic exhibition which features the works […]
Eran urges Govt to disclose contents in IMF agreement
Even though the present government said no, the Samagi Jana Balawega emphasized from the beginning that this country needs some sort of agreement and financial assistance from the International Monetary Fund because it gives a signal to the international market that there is a financial discipline in the country paving the way for bilateral and […]
Opinion: HNB reiterates importance of developing a national savings culture
HNB Deputy General Manager – Retail and SME Banking, Sanjay Wijemanne As more Sri Lankans face concerns over their personal financial security, and that of the country, HNB is working to help raise awareness on the opportunities that every Sri Lankan can access, in order to develop their savings habits, and help drive an effective […]
SL raises Commonwealth of Nations Flag for Peace as collective commitment
On the occasion of Commonwealth Day, the Commonwealth of Nations Flag for Peace was raised on 13 March 2023 by State Minister of Foreign Affairs Tharaka Balasuriya with the participation of Secretary of the Ministry of Foreign Affairs Aruni Wijewardane and officials of the Ministry symbolizing Sri Lanka’s commitment to the shared values and principles of […]
Ekva to power Sri Lanka’s start-ups
A high-profile team from Ekva LLC,a US company with strong Sri Lankan roots will launch their accelerator in mid-March in a bid to strengthen, support and grow local start-ups. Ekva/ එක්ව/ ஒன்றாக/ Together is a company with equal opportunity irrespective of language, colour, gender identity or persons differently-abled entrenched in their ethos. Their accelerator, uniquely […]
Engineering equity fireside chat by Virtusa
Virtusa, a global provider of digital strategy, digital engineering and IT services and solutions, will host the global Engineering Equity hackathon, to spur innovation in tech solutions that advance gender equity while nurturing female talent. Over 65,000 female students from 9 countries including Sri Lanka registered for the hybrid event, which offers built-in mentoring along […]
Dialog Axiata awarded winner of ACCA sustainability reporting awards 2022
The ACCA Sustainability Reporting Awards 2022 recognized Dialog Axiata PLC as the Overall Winner and the Winner of the General Services category for its exceptional commitment to sustainability and transparency in reporting.The awards for this year had received an impressive range of entries from various industries, with Dialog being recognised for its comprehensive and well-structured […]
Sri Lanka Retail Forum 2023 highlights strategies for navigating economic crisis in sector
The Sri Lanka Retailers’ Association (SLRA), the apex body of organised retail in Sri Lanka, recently concluded the annual Sri Lanka Retail Forum under the theme ‘Redefining Retail: Future Proofing the Forward Journey’. The Forum was opened by Murali Prakash, President of SLRA, who addressed the importance of navigating the challenges faced by the retail […]
Increase PAYE tax threshold from Rs 100,000 to 200,000: Eran
SJB alleges that it is a serious problem that the people have to take to the streets, as they have been burdened with heavy taxes while the working people have lost their income. As a result, the food insecurity, increased mal-nutrition and prevention of diseases have become a big problem for the people, said Eran […]
‘s export earnings decline to 11.3-pct in Jan 2023: Imports down 29.2-pct
• The deficit in the merchandise trade account narrowed in January 2023, compared to a year ago. • Export earnings declined while import expenditure remained subdued in January 2023, compared to year earlier. • Workers’ remittances and earnings from tourism continued to increase in January 2023. • Gross official reserves strengthened at end January 2023, […]