Cabinet approves Inland Revenue, NBT Acts, revision of cess levy
May 04, 2017 (LBO) - Sri Lanka's cabinet has given the go ahead to gazette and present in Parliament the new Inland Revenue Bill, as proposed in budget 2016. …
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Sri Lanka proposes three-tier corporate tax structure
May 04, 2017 (LBO) – Sri Lanka’s new Inland Revenue Act seeks to introduce a three-tier simplified tax structure for corporate entities. Higher rate of 40 …
France to provide 30 mil euros for green energy in Sri Lanka
May 04, 2017 (LBO) - Sri Lanka will enter into a loan agreement with the French Agency for Development (AFD) to fund projects for green energy development and …
LAUGFS says LPG Terminal in Hambantota on schedule for 2018
May 04, 2017 (LBO) - One year into the construction of the LAUGFS LPG Import and Export Terminal in Hambantota, the first phase, with a 30,000 MT capacity, is …
IMF reaches staff-level agreement, eyes on Inland Revenue Act
May 04, 2017 (LBO) - An IMF team has reached staff-level agreement with Sri Lankan authorities on the second review under a three-year Extended Fund Facility …
Sri Lanka to regulate water services industry
May 03, 2017 (LBO) – Sri Lanka seeks to regulate water services industry by introducing a new law which includes guidelines to regularizing the sector. …
Supreme Court declares forex bill consistent with constitution
May 03, 2017 (LBO) – Speaker Karu Jayasuriya today informed Parliament that the Supreme Court has declared that the proposed foreign exchange bill is not …
Sri Lanka launches e-Police clearance certificates
May 03, 2017 (LBO) – Sri Lanka's Police has launched an ePolice certificate system with the help of ICTA for the issuance of Police Clearance Certificates …
Sri Lanka expands crop insurance to five other crops
May 02, 2017 (LBO) – Sri Lanka’s Finance Ministry has expanded crop insurance that has so far covered paddy cultivation to five other food crops. The …
Sri Lanka makes use of generators in factories compulsory
May 02, 2017 (LBO) – Sri Lanka’s Power Ministry has made it compulsory to use generators in factories from today for the next four days due to a shortage …
John Keells to encourage innovators with Open Innovation Challenge
May 02, 2017 (LBO) - Sri Lanka's blue chip John Keells Holdings plans to boost local creative and intellectual talent with the launch of its second John Keells …
UNP ready for elections: PM at May Day rally
May 02, 2017 (LBO) - Sri Lanka's Prime Minister and United National Party Leader, Ranil Wickremesinghe, said that they were ready for any election and would …
Sri Lanka vehicle registrations rebound to 39,173 units in March: JB Securities
May 02, 2017 (LBO) - Total vehicle registrations in Sri Lanka recorded 39,173 units in March, significantly up from 30,036 the previous month, with a rebound …
PUCSL discusses environmental concerns with Norochcholai communities
Apr 28, 2017 (LBO) - Sri Lanka's power regulator said that discussions are ongoing with communities that have raised concerns over the environmental impact of …
EU Parliament rejects motion to deny GSP+ for Sri Lanka
Apr 27, 2017 (LBO) – Sri Lanka won the vote in Brussels by 436 against and 119 in favor for the motion to deny GSP plus for Sri Lanka. A group of EU …
Next IMF tranche by June, reserves comfortable by year end: Ravi
Apr 27, 2017 (LBO) - Sri Lanka's Finance Minister said he was optimistic about talks on reaching a staff level agreement with the International Monetary Fund …
China Heavy Machinery Corp to carry out water, sewerage feasiblity
Apr 27, 2017 (LBO) – China Heavy Machinery Corporation is to carry out a feasibility study to identify and implement a reliable water and sewerage sector …
Sri Lanka to extend Priority Bus Lanes to reduce congestion
Apr 27, 2017 (LBO) – Sri Lanka’s Megapolis Ministry has decided to expand the Priority Bus Lane concept to reduce traffic congestion in Colombo. Allocation …
Higher growth for Sri Lanka will depend on addressing structural issues: CB
Apr 27, 2017 (LBO) - Sri Lanka's economic performance in 2016 reconfirmed the necessity of addressing deep rooted structural issues, in order to enable the …
Sri Lanka, India sign MOU to cooperate on economic projects
Apr 27, 2017 (LBO) – Sri Lanka and India signed an MoU on economic co-operation in the presence of Prime Minister Narendra Modi and Sri Lankan counterpart …