CA Sri Lanka, SDB sign landmark MoU to offer SMEs better access to finance
Nov 18, 2020 (LBO) – In a landmark move aimed at reinforcing the dynamic Small and Medium-Sized Enterprises (SMEs) in the country, the Institute of …
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Sri Lanka makes retirement age for men and women 60
Nov 17, 2020 (LBO) - Finance Minister and Prime Minister Mahinda Rajapaska in his budget speech proposed to amend the Employees’ Provident Fund Act …
Sri Lanka targets 4-pct budget deficit of GDP by 2025
Nov 17, 2020 (LBO) - Sri Lanka plans to bring down it budget deficit to 4 percent by 2025 from the current 9 percent, Prime Minister and Finance …
8-pct VAT to be maintained for certain businesses; tax amendments proposed
Nov 17, 2020 (LBO) – Budget 2021 has proposed to have a consistent tax policy for the next 5 years. It is also proposed to establish a special tax …
Budget 2021 proposes to simplify taxes on capital gains
Nov 17, 2020 (LBO) – Finance Minister has proposed to simplify the taxes on capital gains. Accordingly, such taxes will be calculated based on the …
Budget 2021: Download Full Budget Speech
Budget Speech 2021: DOWNLOAD Fiscal Management Report 2020–21:
Sri Lanka Budget 2021 – LIVE Coverage
Nov 17, 2020 (LBO) – The Prime Minister and Minister of Finance Mahinda Rajapaksa presented the Budget for the Year 2021 to Parliament today. …
Budget speech 2021 to be presented today
Nov 17, 2020 (LBO) – The Prime Minister and Minister of Finance Mahinda Rajapaksa will present the second reading of the Appropriation Bill for …
Is now a good time to invest in real estate?
Nayana Mawilmada, Sector Head, John Keells Properties Real estate in central Colombo has been inaccessible to a majority of Sri Lankans for quite …
ITC conducts webinar on GSP+ to discuss better-utilising concessions for local businesses
The International Trade Centre (ITC) in collaboration with the Department of Commerce (DoC) of Sri Lanka organized a webinar on ‘GSP+ for Enhanced …
Opinion: Adaptation of EdTech in new “Normal & Beyond
By Chaminda V. Silva and Gamika Seneviratne With Covid-19 continuing to impact our everyday life, the schooling system across the country is gearing …
President addresses the nation on Wednesday
Nov 15, 2020 (LBO) – The special address to the nation by President Gotabaya Rajapaksa will be telecast at 8.30 pm on 18.11.2020 over all …
IFC & Australian Government help create and retain Jobs for 12,000 women in Sri Lanka
Nov 15, 2020 (LBO) – A two-year partnership, known as SheWorks Sri Lanka, has led to a 12 percent increase in the number of women employed by 15 of …
Hambantota International Port shows rapid transshipment increase in last 2 months
Nov 15, 2020 (LBO) – The Hambantota International Port’s (HIP) RORO operations in the last 2 months has seen a rapid increase in numbers as a …
Quarterly earnings skid but transportation & materials sectors outperformed: FCR
Nov 14, 2020 (LBO) – June 2020 quarter recurring earnings follow suit of previous quarters by declining 58.0%YoY for 267 companies, First Capital …
Sri Lanka to receive same benefits of EU GSP+ for UK from 2021
Nov 14, 2020 (LBO) – Since the UK is the main market for Sri Lanka’s exports to the EU region and the second largest export market after the USA, …
Foreign Ministry cautions Sri Lankan travellers
Nov 13, 2020 (LBO) – Sri Lanka's Foreign Ministry urges all prospective Sri Lankan travellers both inbound and outbound to be cautious of …
Sri Lanka’s exports declined to USD 832Mn in October amidst second wave of COVID
Nov 13, 2020 (LBO) – As per the Customs statistics, earnings from merchandise exports have recorded a negative growth of 14.9% in October 2020 to …
Central Bank to maintain licence fee of licensed banks unchanged for 2021
Nov 13, 2020 (LBO) – The Monetary Board of the Central Bank has determined to maintain the licence fee structure applicable for years 2019 and 2020 …
Comm Bank Group’s operating income up 11.84-pct to Rs.55.8Bn
Gains from governmentsecurities, foreign exchange (FX)swap trading and FXtrading activities have enabled the Commercial Bank of Ceylon Group to …
Teejay reports net profit of Rs.631Mn in Q2
Teejay Lanka PLC has adapted to the “new normal” to post an improved performance in the three months ending 30th September 2020. Sri Lanka’s …
Opinion: The new normal customer, Digital outlook
Chathura Jayawardena, Director of Abans Information Systems Dealing with the unexpected as expected would become the new norm business skill …
Revival of East container terminal, essential to turning SL into freight and logistics hub
By Advocata As reported in numerous media sources, a leading Indian consortium is the front runner to develop the stalled East Container Terminal …