A 57 Division-initiated project that finds suitable employment opportunities for family members of low-income groups, living in and around Kilinochchi got underway on Tuesday (11) in close collaboration with the management of MAS Holdings (Pvt) Ltd.
The Sri Lankan government is lowering import tariffs and removing border restrictions to encourage more foreign investments and know-how that will increase higher-value exports and fast-track economic growth, State Minister of National Policies and Economic Affairs, Dr Harsha De Silva said.The country must diversify exports and shift to making more complex, high-value products in future, as Thailand and Vietnam have done, instead of continuing to export simple, low-value products,
Sri Lanka Economic Summit 2018 is being inaugurated this morning (13th September) at Cinnamon Grand Colombo. The two-day event, which is Sri Lanka’s foremost economic summit and organized by the Ceylon Chamber of Commerce for the 18th consecutive year, will be held on the theme of ‘On the Fast Track to a Turnaround’.
The Southeast Asian Region is engaged in a common dialogue to obtain the contribution of the private sector for future development projects, Prime Minister Ranil Wickremesinghe said yesterday. The Premier said since public investment is not enough, measures are being taken in Sri Lanka to introduce laws and regulations to encourage the public sector to enter into public - private partnerships.
The Central Bank of Sri Lanka announced the release of the 2018 publication of "Economic and Social Statistics of Sri Lanka" for public access.This publication contains economic and social indicators of Sri Lanka in the areas of national accounts, agriculture, industry, external trade and finance, government finance, banking and financial institutions, money and capital markets, prices and wages, population and labor force, transportation, education, health, telecommunication services, climate and selected information on economic and social indicators of other countries, according to the Central Bank.
VAT is an end user consumption tax, and therefore should not be applied to goods and services that are consumed outside of Sri Lanka. By introducing such a TVR scheme, Sri Lanka will be aligning itself with international best practices Mangala Samaraweera, Minister of Finance and Media said yesterday (11th).
A Sri Lankan Delegation led by Speaker Karu Jayasuriya has called on Indian Prime Minister Narendra Modi. The Indian Prime Minister and Speaker Jayasuriya had engaged in an extensive 45 minute bi-lateral discussions.
Sri Lanka has introduced a procedure for re-payment of 15% VAT to the foreign tourists on their departure, for the goods purchased by them during their stay in Sri Lanka which will be implemented with effect from Tuesday (11th), Finance Ministry says.
The Port of Colombo is ranked as world’s number one container growth port among the top 30 container ports for the first half of 2018.In container handling Port of Colombo has recorded a 15.6% growth for the first half of 2018 over same period last year according to Alphaliner Monthly 2018. It is also a very significant achievement as it is the first time in history the Port of Colombo reaches the top of a global maritime ranking. With this growth, Port of Colombo has leaped ahead many other Asian Ports, Major European Ports and Dubai as well.