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India expects to refund $1 billion to UK-based Cairn Energy after it moved to scrap a retrospective tax law that unleashed bitter fights with prominent foreign investors, Financial Times reported. The lower house of parliament on…
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COVID-19 has rapidly accelerated new ways of working, but the world’s ‘technology hubs’ are here to stay, according to new research from KPMG, although they may not be in Silicon Valley. When many offices and downtown areas…
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The pandemic has affected all areas of our lives. But first of all — for healthcare. At the same time, it is all over the world: whether it is Korea, Russia or Sri Lanka. A lot has changed in just a year: the role of the doctor in…
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Designate High Commissioner of Sri Lanka to India, Milinda Moragoda met with The Indian CEO Forum (ICF) on August 3 for an initial discussion on India-Sri Lanka ties. The ICF is the preeminent body for Indian investment in Sri…
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Over the last 15 months (March 2020-June 2021) the government has attracted over US$ 950 million in investments, dedicated to revitalising the island’s burgeoning tourism sector, a release from Sri Lanka Tourism Development Authority…
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The insurance industry overall reported a total Gross Written Premium (GWP) Income of LKR 208,250 million in 2020 compared to LKR 196,472 million reported in 2019, recording an increase of LKR 11,778 million and demonstrated a growth…
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Both indices had a free-fall within the first half an hour of trading yesterday and recovered gradually to conclude the day on a mixed note. Thus, the All Share Price Index increased by 13.4 points (+0.2%) to close at 8,112.5whilst the…
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The Land Valuation Indicator (LVI) for Colombo District increased to 155.1 during the first half of 2021. The annual increase of 9.5 and the semi-annual increase of 6.8 of LVI, reversed the declining trend observed in the LVI increases…
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Due to the rapid and successful COVID-19 vaccination process, Sri Lanka has been able to move away from ‘Red’ to ‘Amber list’ in some of the European countries. Three main Euro countries, Germany, France and Netherlands have now…
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CHINA: Chinese President Xi Jinping attaches great importance to the fair and reasonable distribution of COVID-19 vaccines across the globe as they are crucial to the fight against the pandemic still raging worldwide. Xi has been…
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