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‘VAT increase should have been done in one go’
BusinessIndunil HewageTags: Print EditionSri Lanka’s VAT Act doesn’t contain anti-profiteering clauses whereas in India, the concept of anti-profiteering clauses is embedded in the GST statute itself, Suresh Perera - KPMG Sri Lanka…
Bangladesh will not face any Lankan type crisis: PM Sheikh Hasina
BusinessTags: Print EditionDismissing concerns that Bangladesh could go the Sri Lanka way, Prime Minister Sheikh Hasina said that despite the Covid-19 onslaught and the conflict in Ukraine, her country’s economy continued to be in…
Sri Lanka participates in EXIM Bazaar
BusinessTags: Print EditionEXIM Bazaar 2022, an exhibition featuring traditional and contemporary art and craft organized by the Export-Import Bank of India was held from September 3-6, 2022 in New Delhi.
The exhibition, which was held…
Citi Foundation joins UNDP to cultivate 2,600 acres with 5,200 farmers
BusinessMD, Citi Country Office Ravin Basnayake, OIC, UNDP Malin Herwig exchange the agreement Tags: Print EditionCiti Foundation has joined hands with the United Nations Development Programme (UNDP) in Sri Lanka to pledge its 70…
CA Sri Lanka felicitates new Commissioner General of Inland Revenue
BusinessTags: Print EditionSanjaya Bandara, President of CA Sri Lanka presenting a souvenir to Ranjith Hapuarachchi, Commissioner General of Inland Revenue in the presence of Heshana Kuruppu, Vice President of CA Sri Lanka, Mahinda…
“Write off loans taken for unproductive development projects”
BusinessShirajiv SirimaneParticipants at the Press conference in Colombo. Picture by Wimal Karunatillike Tags: Print EditionSri Lanka while looking at debt servicing should more seriously talk to donors in writing off some of the…
Excise Department to muster Rs. 180 bn from liquor sales
BusinessShirajiv SirimaneCommissioner General of Excise J. GunasiriTags: Print EditionThe Department of Excise will net in a Rs. 180 billion revenue to the government treasury for 2022 said Commissioner General of Excise J. Gunasiri.…
“China’s financial system must ‘adapt accordingly’ amid economic transition”
BusinessTags: Print EditionMore financial adjustments will be needed to counter headwinds over the long run as China’s economy faces demographic challenges and a heightened technology rivalry with the West, according to a Chinese…