Economy & Markets

BOI companies in tax net from April

BOI companies will be pulled into the local tax net for the first time from April this year, through the Economic Service Charge (ESC).buy ivermectin UK buy …

Sri Lanka’s trade deficit narrows to its lowest point, says Central Bank

Despite an upsurge in global oil prices, Sri Lanka's trade deficit narrowed to its lowest point in January, as lower imports of textiles, diamonds, electrical …

Western Provincial Council to decide on BTT increase on Tuesday

The Western Provincial Council(PC) will decide on Tuesday, March 22, whether to go ahead with the proposed increase in Business Turnover Tax (BTT). online …

Tsunami affected coastal retail sector is bouncing back fast according to a survey by A C Nielsen

Tsunami affected coastal retail sector is bouncing back fast according to a survey by A C Nielsen, an international market information company. online pharmacy …

Finance Minister pledged to lower growth in the monetary base, the main instrument in the conduct of Monetary Policy in Sri Lanka

Finance Minister pledged to lower growth in the monetary base, the main instrument in the conduct of Monetary Policy in Sri Lanka, in a letter to the IMF while …

A top ADB meeting opens Friday, amidst reports that Sri Lanka, India and the Maldives are short of US$ 1.2 bn in aid.

A top meeting of donors opened in Manila today to review the progress of tsunami reconstruction, amidst reports that India, Maldives and Sri Lanka still need …

Central Bank kept its key short-term interest rates unchanged to tame inflation

The Central Bank kept its key short-term interest rates unchanged at its monthly monetary policy meeting, in line with a treasury decision earlier in March to …

Hatton National Bank looks to securitise mortgage receivables

Hatton National Bank (HNB) plans to securitize mortgage receivables to raise asset yields after reporting that profits halved last year. Hatton National Bank …

Restructuring CEB will reduce electricity production cost by Rs 2.50, says Finance Minister

Restructuring the Ceylon Electricity Board (CEB) will reduce cost of electricity production by Rs 2. buy vilitra online …

Taxes drive Sri Lanka’s gold market underground

Taxes have driven Sri Lanka’s gold market underground, with only smuggled gold able to hold down prices, say industry sources. buy albenza online …

World Bank country director says his comments have been misunderstood

Sri Lanka’s World Bank Country Director came out strongly denying giving official recognition to Tamil Tiger guerrillas, even as a weekend paper promised to …

Fresh violence erupts in Sri Lanka as Tigers tour Europe

At least three people were critically wounded when suspected Tamil Tiger rebels threw a grenade into the office of a rival group in eastern Sri Lanka Friday, …

Hopes rise for Sri Lanka aid breakthrough

Sri Lanka's peace broker Norway was hopeful of clinching a deal between the Colombo government and the Tiger rebels on jointly handling tsunami relief aid, the …

Ministerial meeting in Manilato to revive international interest in tsunami rebuilding

The ADB will host a Ministerial meeting in Manila, Philippines, on March 18, to revive international interest in tsunami rebuilding.buy azithromycin online buy …

South Asian NGOs meet in Colombo to develop bargaining document for WTO talks

South Asian NGOs want governments to include their concerns when negotiating trade matters under the World Trade Organisation (WTO). online pharmacy buy …

HSBC Global Markets, structures a US$ 34.05 mn derivative deal for Sri Lanka’s ACE Power Embilipitiya

HSBC Global Markets, a unit of HSBC Group, structured a derivative instrument for Sri Lanka's ACE Power Embilipitiya in a deal worth US$ 34. online pharmacy …

Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes

Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s …