Import duty on vehicles below 1000cc increased

2018-08-02   |   Business

The import duty on vehicles which are less than 1000cc has been increased with effect from today (August 1), the Finance Ministry said. Accordingly t...

Read More

Emirates shares of UL were transferred to State entities without Cabinet nod: Official

2018-08-02   |   Business

Shared held by Emirates in SriLankan Airlines worth $ 53 million were transferred to People’s Bank, National Savings Bank (NSB), and the Employees P...

Read More

‘Lanka among top five fastest growing tourism markets’

2018-07-30   |   Business

GlobalData has ranked Sri Lanka as the fourth fastest growing tourism market in the world. Iceland, Japan, Hungary, Sri Lanka and Chile have been list...

Read More

Atchuvely Industrial Estate second phase with Rs. 100 mn investment

2018-07-26   |   Business

The second phase of Atchuvely Industrial Estate Development Project in Jaffna is now being implemented. Minister Industry and Commerce Minister Risha...

Read More

Euro Four standard regulations expected to negatively impact Indian vehicle imports

2018-07-25   |   Business

The government's new regulations on Euro Four standard motor vehicles will limit the number of Indian vehicle imports into Sri Lanka. This is because ...

Read More

GIANT LEAP FOR AGRI-ECONOMY

2018-07-24   |   Business

The Moragahakanda- Kalu Ganga project will spur a massive development drive to rejuvenate the country’s agricultural hinterland, President Maithripa...

Read More

Commercial Bank opens micro-finance company in Myanmar

2018-07-23   |   Business

Two years after opening its representative office in Yangon The Commercial Bank of Ceylon has opened a microfinance company as its second subsidiary...

Read More

Sri Lanka to cut costs to trade with information portal

2018-07-23   |   Business

Sri Lanka launched a trade information website Friday bringing together up-to-date information on regulations and procedures relating to exports and i...

Read More

Failure to renegotiate causes huge losses

2018-07-23   |   Business

ACE power dispute: The Ceylon Electricity Board Engineers Union (CEBEU) had asked its members to be wary of making payments, amounting to Rs. 840 mill...

Read More

PM encourages entrepreneurs in North with tax concessions to uplift local economy

2018-07-23   |   Business

Prime Minister Ranil Wickremesinghe yesterday said the Government has offered tax relief for 300% of the income from capital investment to entrepreneu...

Read More