A delegation of Chinese spice importers is presently on tour in Sri Lanka to discuss furthering trade links with local producers.
Sri Lanka’s gross official reserves are expected to surpass over USD 4 billion by the end of this year with the USD 780 million notable inflows of foreign exchange to the government, the President's Media Division (PMD) said.
The Cabinet of Ministers on Monday cleared the signing of a power purchase agreement (PPA) with Australia’s United Solar to invest in a 700 MW solar power project with a 1,500 MWh battery energy storage system.
The long awaited 2023 Global Study Program for 'Future Leaders' from the Indo-Pacific Region will be conducted by the Ministry of Foreign Affairs in Taipei, Taiwan from the 13th-19th of December.
State Finance Minister Ranjith Siyambalapitiya said yesterday (08) that the government is prepared to reassess the inclusion of 97 out of the 138 items slated for the application of Value-Added Tax (VAT) starting January 1, 2024.
Director General of the Government Revenue Unit M. J. Gunasiri said that the country’s economy will be boosted by Rs. 250 billion next year.
Former chairman of the Public Utilities Commission Janaka Ratnayake said his projection that the CEB’s expenditure for 2023 would be Rs. 575 billion has been proven correct.
Sri Lanka President Ranil Wickremesinghe extended Special Commodity Levy (SCL) for a raft of products including yogurt, butter, big onion, apples, oranges, and some fish from December 01.
In a groundbreaking move towards modernisation and convenience, People’s Bank has proudly announced the successful implementation of a cutting-edge payment acceptance solution for the Ministry of Justice.
It has been decided that the China Petroleum and Chemical Corporation (SINOPEC) will be awarded the contract to establish a new petroleum refinery and associated product processing centre in Hambantota, Minister of Power and Energy Kanchana Wijesekera revealed.
