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Increase of sugar import levy effective from midnight

The Ministry of Finance has announced that the special import levy imposed on sugar will be increased by Rs. 8 per kilogram. The increase will be made effective from 12.00 am tomorrow (16). The existing levy of Rs. 10 will accordingly be increased to Rs. 18. The Ministry stated that …

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Govt. to present modified IR Bill in House this week

The government will present the draft of the Inland Revenue Bill, modified according to the Supreme Court ruling, to Parliament during the next parliamentary session, a minister revealed. Earlier, the Supreme Court determined that the Bill contained provisions which were inconsistent with the Constitution. State Minister of Finance Eran Wickramaratne …

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‘Betel cultivators should organize themselves’

Primary industries minister Daya Gamage advises betel cultivators to form societies at village level and organize themselves in order to find a good price for their produce. At a meeting at his ministry today (14) with All Ceylon Agrarian Services Conference representatives led by its chief Namal Karunaratne, the minister …

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Dialog reports strong first half of 2017

Dialog Axiata Group concluded the 1st half of 2017 on a strong note, continuing its growth momentum across mobile, fixed line and tele-infrastructure businesses to record a consolidated revenue of Rs 23 billion  Q2 2017 and Rs 45.2  billion  for 1H 2017, demonstrating a growth of 4% Quarter on Quarter …

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Sri Lanka’s public finances strengthening-IMF

Sri Lanka’s overall fiscal deficit decreased from 7 percent to 5.4 percent of GDP between 2015 and 2016, with public finances strengthening under an IMF supported program, the fund said releasing its country report.   The budget deficit is projected to fall to 5.2 percent of GDP in 2017, although …

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