ECONOMYNEXT – Sri Lanka is planning to amend a Strategic Development Act which gave discretionary tax holidays and personal income tax free to up to 30 top executives in each project is to be amended, Treasury Secretary Mahinda Siriwardana has…
ECONOMYNEXT – The Colombo Stock Exchange closed down on Friday, data on its site showed. The broader All Share Index closed down 0.24 percent, or 27.24 points, at 11,504; while the more liquid S&P SL20 Index closed down 0.24 percent,…
ECONOMYNEXT – Fitch has confirmed an ‘AAA(lka)’ rating of Sri Lanka’s Hayleys group, saying revenues will rise driven by defensive segments like such as gloves, agriculture and activated carbon, used for purification, accounting for 28 percent of revenues. “Up to…
ECONOMYNEXT – Sri Lanka’s cabinet had discussed the delay in re-starting online visas after courts suspended the controversial VFS Global deal where tourists were charged high fees to go through website which the travel trade said was difficult to navigate.…
ECONOMYNEXT – Sri Lanka’s John Keells Holdings has teamed up with Nepal’s Chaudhary Group, to sell electric vehicles made by China’s BYD, banking on a shift from internal combustion engines. JKH Chairman Krishan Balendra said the already diversified group entered…
ECONOMYNEXT – Sri Lanka and Egypt have agreed to strengthen cooperation in diplomatic training, capacity building, research and studies in diplomacy between the two countries. The MoU will see the Bandaranaike International Diplomatic Training Institute (BIDTI) and the Institute for…
ECONOMYNEXT – Transparency International Sri Lanka (TISL), a non-government organization which is working against corruption, raised concerns over complaints of President Ranil Wickremesinghe’s election campaign using public resources owned by taxpayers money. TISL, which has been in the island nation…
ECONOMYNEXT – Sri Lanka cannot immediately resume online visa issuance under the old system as ordered by court as the Immigration Department’s computer system has been changed to new procedures and fees, Public Security Minister Tiran Alles said. Sri Lanka’s…
ECONOMYNEXT – Sri Lanka’s Chamber of Young Lankan Entrepreneurs said it is supporting green entrepreneurship linked to mangrove restoration as the island was selected as one of seven nations to be included in a UN flagship project. The Green Entrepreneurship…
ECONOMYNEXT – Sri Lanka’s Chamber of Young Lankan Entrepreneurs said it is supporting green entrepreneurship linked to mangrove restoration as the island was selected as one of seven nations to be included in a UN flagship project. The Green Entrepreneurship…
