Cigarette smuggling costs Sri Lanka Rs.18bn in tax revenue in 2017

2019-01-08   |   Business

The government may have lost Rs.18 billion in cigarette tax revenue as a record 583 million illicit cigarettes were estimated to have smuggled into Sr...

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Financial sector regulators sign MoU for consolidated risk-based supervision

2019-01-07   |   Business

Central Bank Governor Dr. Indrajit Coomaraswamy and representatives of the three regulators, viz, Central Bank Deputy Governor H.A. Karunaratne, SEC D...

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Trade deficit soars on higher vehicle, fuel imports

2018-12-26   |   Business

October trade deficit up to US $ 903mn from US $ 752mn YoY Cumulative trade deficit in 10 months at US $. 8.8bn from US $ 7.6bn Oct. imports up...

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Asia shares round out rough week with fresh losses

2018-12-23   |   Business

Markets sank across the world even as the Fed predicted two interest rate increases next year down from three with the bank trimming its forecast for ...

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Corporate Sri Lanka braces for new budget proposals

2018-12-21   |   Business

Businesspeople won't throw up their arms in despair and tell you that they are nervous about what the budget for the year 2019 would bring, but they a...

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Hutch announces plans to invest US $ 200mn following merger with Etisalat

2018-12-14   |   Business

Merging 2G and 3G operations soon and launch of nationwide 4G in 12 months Merger will end up Hutch having around 2,500 towers across the island ...

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Asian markets edge higher at end of painful week

2018-12-08   |   Business

HONG KONG (AFP) - Asian investors battled to finish a volatile week with some stability yesterday as they weigh the outlook for China-US trade talks a...

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8 companies struggle to reach 1 Jan capital deadline of Rs 1.5B

2018-12-04   |   Business

At least eight Licensed Finance Companies (LFCs) have to fulfil their Rs 1.5 billion minimum capital requirements by 1 January, a deadline imposed by ...

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Urban sector computer literacy rate tops 40%

2018-12-03   |   Business

Overall computer literacy at 28.6% in 2017 One out of every five households owns either a desktop or a laptop computer Digital literacy at 40.1...

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Great opportunities for retail sector in 2019

2018-11-29   |   Business

Sri Lanka will have a very bright 2019 though the end of 2018 has been unsteady, said Ranjit Page, Deputy Chairman and Chief Executive Officer at Carg...

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