Sri Lanka Targets 40% Direct Tax Collection by 2025
Sri Lanka aims to increase direct tax collection to 40 percent by 2025 from the current 30 percent, through expanded tax nets and
Economics
Markets
Sri Lankan Rupee Opens Stronger at 303.50/80 Against USD
Sri Lanka’s rupee opened stronger at 303.50/80 to the US dollar on Friday, dealers said. Bond yields were up and stocks rose by
Economics
Sri Lanka Unveils Rs 13 Billion Aid Package for MSMEs
President Ranil Wickremesinghe announced a Rs 13 billion financial aid package for micro, small, and medium-scale enterprises (MSMEs) in Sri Lanka. This initiative
Business
Sri Lanka Halts Sale Process of SriLankan Airlines
The Cabinet of Ministers has decided to terminate the current sale process of SriLankan Airlines, according to the State-Owned Enterprises Restructuring Unit. The
Investing
Japanese Investors Eye Tech Support for Sri Lanka’s Maritime & Aviation
Japanese investors have shown a keen interest in introducing Japan’s latest technology into training programs for Sri Lanka’s maritime and aviation sectors. They
Markets
Gold Prices in Sri Lanka on July 19, 2024
As of July 19, 2024, the price for 22 Carat gold in Sri Lanka is Rs. 193,850 for 8 grams (1 pawn). The
Economics
Sri Lanka Human Capital Summit 2024 Tackles Talent Drain
The Sri Lanka Human Capital Summit 2024, held at Temple Trees in Colombo on Thursday, July 18, aims to address the country’s pressing
Stock Market
Sri Lanka Rupee Opens Steady at 303.80/304.10 to USD, Bond Yields Decline
Sri Lanka’s rupee opened flat at 303.80/304.10 to the US dollar on Thursday, maintaining the same level as the previous day’s close of
Finance
Fitch Affirms ‘BBB(lka)’ Rating for NITF, Highlights Reinsurance Challenges
Fitch Ratings has affirmed the ‘BBB(lka)’ insurer rating for Sri Lanka’s National Insurance Trust Fund (NITF), maintaining a stable outlook but cautioning about
Business
CEAT Kelani Wins Eight Gold Awards for Quality Improvement at NCQP 2024
CEAT Kelani Holdings, Sri Lanka’s leading tyre manufacturer, achieved remarkable recognition at the National Convention on Quality and Productivity (NCQP) 2024, organized by