Biz & Economy
Business & Economy
Hefty tax to be imposed on imported clothes from next year!
Minister of State Dayasiri Jayasekara said that a tax will be levied on imported readymade garments from April 01. “We...
Former Chief Justice appointed new Chairman of Commercial Bank
Former Chief Justice K.Sripavan has been appointed as the new Chairman of the Commercial Bank of Ceylon with effect from...
New vehicle registrations in Sri Lanka sees a sharp drop
Due to import restrictions imposed by the government the number of vehicle registrations in the country had fallen to 2,868...
Production at Sri Lanka’s largest cement factory to begin in June
Lanwa sansatha Cement (Pvt) Ltd. is scheduled to commence production at its factory in June 2021.The state-of-the-art plant is expected...
Laksala to open outlets in UK, Australia, Canada and the US
Sri Lanka’s state-owned Gift and Souvenir Shop Laksala is expected to open overseas franchise model mini- outlets in the UK,...
Sri Lanka rejects Fitch rating downgrade
Government has dismissed the downgrade by Fitch Ratings claiming it is baseless and has failed to recognize the robust policy...
Indian Finance Minister to deliver keynote address at Lanka’s economic summit
India’s Minister of Finance and Corporate Affairs Nirmala Sitharaman will deliver the keynote address at the Sri Lanka Economic Summit...
2021 budget unlikely to significantly boost growth : Moody’s
Moody’s Investors Service has said it does not expect Sri Lanka’s 2021 budget to provide a meaningful boost to output,...
Pandemic Will Push 150M Into ‘Extreme Poverty’ By 2021 : World Bank
The COVID-19 pandemic is accelerating the rise in global extreme poverty, the first time there has been an uptick since...
Brandix releases statement on Covid 19 positive worker
Leading garments manufacturer Brandix today released a statement after one of its workers at its Minuwangoda factory tested positive for...
