Sri Lanka news, Sri Lanka economy, Sri Lanka rupee from …
WEB1 day ago · Sri Lanka rupee opens stronger at 298.70/80 to US dollar, bond yields up. Bond yields were up, they said, and stocks opened up 0.09 percent. 1 min read. Economy.
Economy | EconomyNext
WEB1 day ago · Sri Lanka alcohol taxes pushing consumers into hooch, drugs: DCSL chief. It is essential to find a balance that makes alcohol accessible while discouraging the use of illicit substances. Sri Lanka's cabinet has approved the signing of an agreement with China to allow exports of wheat bran pellets, spokesman Minister Bandula Gunawardana said.
Sri Lanka personal income tax relief to cost 0.08-pct of GDP
WEBSunday August 18, 2024 1:32 pm. ECONOMYNEXT – Sri Lanka’s planned relief to personal income tax payers could cost 0.08 percent of gross domestic product in lost revenues and would be compensated by additional tax measures, Treasury Secretary Mahinda Siriwardana has said. President Ranil Wickremesinghe said last week that Sri Lanka and the ...
Sri Lanka SOEs major source of corruption | EconomyNext
WEBMonday August 19, 2024 10:01 am. ECONOMYNEXT – Sri Lanka’s state-owned enterprises are a major source of corruption, and are beset by bad governance and some are operating with special privileges and monopoly power, a think tank said. “State-owned enterprises are a major source of corruption vulnerabilities in Sri Lanka,” Rehana ...
Sri Lanka govt pitches income tax relief to IMF ahead of polls
WEBWednesday August 14, 2024 2:57 pm. ECONOMYNEXT – Sri Lanka’s government has proposed to the International Monetary Fund (IMF) an income tax relief by adjusting tax slabs, President Ranil Wickremesinghe’s office said, as the tax burden has become a key topic in the presidential election campaign. The presidential election has been ...
Sri Lanka’s CODEGEN to set up Port City company
WEBMar 26, 2024 · CODEGEN Innovations (Pvt) Ltd, a technology firm, has been approved as a secondary business of strategic importance to operate in the Colombo Port City, special economic zone, Minister Bandula Gunawardana said. CODEGEN Innovations will invest 500,000 US dollars and aims to earn 15 million dollars within 5 years and is expected to create 400 jobs. Codegen is a Colombo-based software group.
Personal Data Protection | Echelon Media
WEBA bank records personal data such as income and contact information of individuals for the purpose of providing vehicle loans. Communicating such information to the marketing department of the bank for the purpose of promoting products based on the income levels of the individuals would be incompatible with the original purpose of data collection and would require a new and separate legal basis.
Sri Lanka positive growth momentum to continue: CB Governor
WEBAug 14, 2024 · ECONOMYNEXT – There are clears signs in leading indicators that Sri Lanka’s positive growth seen in the early part of 2024 will continue, with low inflation and the exchange rate also stable, Central Bank Governor Nandalal Weerasinghe said. In the first quarter of 2024 Sri Lanka’s economy grew 5.3 …
Sri Lanka bondholders agree on 28-pct hair cut; GDP-gains
WEBJul 4, 2024 · Sri Lanka bondholders agree on 28-pct hair cut; GDP-gains capped at 15-pct. ECONOMYNEXT – Sri Lanka and sovereign bond holders have reached a deal to exchange 14.43 billion dollars in defaulted bonds and overdue interest for new instruments linked to future gross domestic product growth, governance and …
Sajith surges past AKD, president catching up, Sri Lanka voting …
WEBAug 1, 2024 · ECONOMYNEXT — Sri Lanka opposition leader Sajith Premadasa and President Ranil Wickremesinghe gained ground in a voting intent poll for June 2024 with, with the former surpassing leftist candidate Anura Kumara Dissanayake by 13 points, with the latter catching up at only 10 points behind. The …