Business

BusinessTags: Print EditionForeign Reserves increase by USD 90 million  to USD 1.9 billion in December 2022. In addition the YoY inflation decreased for the third consecutive month to 57.2% in December 2022 says First Capital Monthly…

BusinessTags: Print EditionASPI extended the positive sentiment for the third consecutive day after the president’s comments at the parliament on the progression of the debt restructuring talks with India and China, and optimistic view that…

BusinessTags: Print EditionThe International Monetary Fund (IMF) since the start of the pandemic has provided $267 billion in new financing. “And thanks to the collective will of our membership, we provided a record $650 billion allocation…

BusinessTags: Print EditionState Minister of Finance Shehan Semasinghe, stated that after the approval granted and the support given from the IMF, and the support from the bilateral and multilateral relationships, the government can assure…

BusinessTags: Print EditionDestination Rally together with Authencities (Pvt) ltd organized the Sri Lanka classic car rally from January 17  to 30  2023. Seventeen different kinds of classic cars from Austria, New Zealand, United Kingdom,…

BusinessTags: Print EditionListed entities are working to minimize the tax burden of the ultimate beneficiary through various mechanisms.  With the recent tax changes, a large 15% Withholding Tax (WHT) has been placed on Dividend Income.…

USD 2.8 billion revenue from Tourism for this year:BusinessTags: Print EditionSri Lanka Tourism is looking at attracting 1.5 million tourist arrivals for 2023 said Minister of Tourism and Lands Harin Fernando at an event in the Ministry of…

BusinessTags: Print EditionAmid multiple domestic and international reverses due to its zero-Covid policy and assertiveness, China is unlikely to meet its estimated GDP growth rate, according to World Bank’s latest Global Economic Prospects…

BusinessManaging Director of MN Group of Companies Roshan Wewage receiving the awardTags: Print EditionMN Group, one of Sri Lanka’s leading construction companies, won the Best Business of the Year Award at the Pinnacals Sri Lanka award…

For health care investments in Developing Asia:BusinessTags: Print EditionThe Asian Development Bank (ADB) signed a $25 million equity investment with Quadria Capital Fund III LP (Quadria III) to enhance the quality, accessibility, and…