Tax Evasion Costs Sri Lanka Rs.80 Billion in 2023, IPS Study Finds
A recent study by the Institute of Policy Studies (IPS) reveals that the Sri Lankan government lost an alarming Rs.80 billion in tax
Economics
Economics
World Bank Projects 4.4% Growth for Sri Lanka in 2024
Sri Lanka’s economy is on the path to recovery, with the World Bank projecting a growth rate of 4.4% for 2024, surpassing previous
Economics
11,000 Acres from Kantale Sugar Company Allocated for Crop Cultivation
President Anura Kumara Dissanayake has instructed officials to allocate 11,000 acres of land owned by the Kantale Sugar Company to farmers for short-term
Stock Market
Colombo Stock Market Closes Higher as JKH Drives Net Foreign Buying
The Colombo Stock Exchange (CSE) saw a modest positive close yesterday, supported by a late-day rally in an otherwise volatile session. The benchmark
Business
Cinnamon Air Unveils New Flights Connecting Cultural Triangle with South Coast
Cinnamon Air has announced the introduction of two daily scheduled flights connecting Kandy and Sigiriya with the South Coast destinations of Koggala and
Tourism
Sri Lankan Hoteliers Participate in TTG Rimini International Tourism Fair, Italy
The TTG Rimini International Tourism Fair, Italy, organized by the Sri Lanka Ministry of Tourism and the Sri Lanka Tourism Promotion Bureau (SLTPB),
Real Estate
ComBank and Capital Trust Properties Partner to Simplify Homeownership
The Commercial Bank of Ceylon has partnered with Capital Trust Properties, a leading real estate brokerage firm, to provide enhanced home-buying opportunities for
Economics
Sri Lanka-Canada Business Council Prepares for Mission to Strengthen Trade Ties
The Sri Lanka-Canada Business Council (SLCBC) held a crucial briefing with Prime Minister Dr. Harini Amarasuriya on October 10, 2024, in Colombo, as
Forex Market
Sri Lankan Rupee Slightly Stronger at 292.85 to Dollar, Bond Yields Steady
Sri Lanka’s rupee strengthened slightly on Thursday, closing at 292.85/293.00 to the US dollar, improving from the previous day’s rate of 293.00/20, according
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News Summary: 10th of October 2024
Markets Sri Lanka Rupee Stable at 293.05/15 Against US Dollar; Bond Yields Steady Sri Lanka’s rupee remained flat at 293.05/15 to the US