Chamber of SMEs commend Rs. 50 B allocation in Budget 2024
It is for the first time that a Rs. 50 billion budgetary allocation has been made for the development of small and medium enterprises, said president of the chamber of SMEs Nawaz Rajabdeen.
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World Bank approves $150 million to strengthen financial sector
The World Bank’s Board of Executive Directors today approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector.
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Treasury share component in SLT rises to 50.2%from 49.5% following transfer
Although, both CSE indices showed negative or downward trends yesterday, SLT’s 0.7 percent or 13.2 million shares which were held with NSB
People’s Bank honours long-serving staff members
People’s Bank recently paid tribute to its dedicated staff members who have completed 25 years of service at the ‘25 Years of Service award ceremony’
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DFC to invest $553 million on port infrastructure development
The US International Development Finance Corporation (DFC) announced it will invest $553 million in the Colombo West Container Terminal.
Jayantha Dharmadasa receives COVID-19 Resilience Certificate from Singapore
The Prime Minister's Office of Singapore has awarded Dr. Jayantha Dharmadasa, chairman of Nawaloka Holdings and honorary consular general of the Republic of Singapore in Colombo, with a COVID-19 Resilience Certificate.
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Two state sugar producers earn profits running into billions
The two state-owned sugar producers reversed their losses and have now earned a combined Rs. 7.6 billion profit, reports said.
Five directors of Onmax DT remanded over illegal pyramid schemes
The Financial Crimes Investigations Division has arrested five directors of the Onmax DT, which faces charges of conducting illegal pyramid schemes.
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Tax hike: Sri Lanka to increase VAT to 18% in 2024
The Sri Lankan Cabinet granted approval to increase the value added tax to 18% with effect from the 1st of January 2024, and impose the said tax on certain goods and services to which the value added tax is not yet applicable.
RAMIS to nab tax dodgers
The government will implement the Random Access Management Information System (RAMIS), a method to collect data on tax evaders and officials who do not collect taxes properly from December this year.
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