Business

The past tax amnesties in Sri Lanka have not translated to a higher income tax revenue or greater tax files, according to a study done by R.M. Jayasinghe (2010). The study analyses the impact of tax amnesty on income tax using…

NDB bank recently launched the second Sri Lanka Vanithabhimana Programme for 2021. The second launch however also focuses on a new sector, the corporate and the professional females of the country. According to a report by the…

Sumathi Holdings, a large and extensively diversified business conglomerate in Sri Lanka began its monumental journey soon after Sri Lanka received Independence in 1948. Backed by a rich history and heritage, U. W. Sumathipala &…

As part of the economic diplomacy programme of the Mission in Kenya, to interact with the Sri Lankan investors who remit the investment proceeds to contribute to the foreign exchange earnings of Sri Lanka, the Sri Lanka High…

The 15th Finance Commission has tied grants of 1,42,084 Indian crore to ensure more funds to gram panchayats to make their water supply and sanitation-related plans, the Ministry of Jal Shakti said on Sunday. The Department of…

CFA Society Sri Lanka announced its virtual course - ‘Equity Analyst Training’ together with its Training Partner Acuity Knowledge Partners. With the inaugural course commencement scheduled for September 24, 2021, the program is…

National Development Bank PLC (NDB) continued to support the fight against the covid-19 pandemic, under the “NDB Cares” theme, by donating a much needed ‘Optiflow Nasal Oxygen Delivering System’ to the ‘National Institute of Infectious…

Despite the exerted pressures due to the pandemic, Sri Lanka so far maintained an unblemished record of debt servicing, Ministry of Finance Mid-Year Fiscal Position Report 2021 said. Foreign debt to GDP ratio slashed to 40%. The…