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Government earnings from cigarettes see drop in 2017

Government tax earnings from cigarette sales are likely to see a reduction in 2017 for the first time in five years. According to provisional data, the government earned LKR 86 billion from tobacco excise in 2017 compared to LKR 88.7 Billion in 2016, a drop of Rs. 2.7 billion, a …

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Dialog NPAT Rs.10.8bn, contribution to govt revenue tops Rs 35.7bn

Dialog Axiata PLC announced on Friday, its consolidated financial results for the year ended 31st December 2017. Financial results comprise those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”).   On the backdrop of strong market performance across all key business segments, the Group …

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Dialog Axiata PLC net profit after tax Rs. 10.8 billion for FY 2017

Sri Lanka’s premier telecommunications service provider, Dialog Axiata PLC Friday announced its consolidated financial results for the financial year ended 31st December 2017 of the main company and the Dialog Axiata Group including subsidiaries Dialog Broadband Networks (D BILLION) and Dialog Television (DTV). On the backdrop of strong market performance …

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British Prime Minister appoints trade envoy for Sri Lanka

British Prime Minister Theresa May has appointed Ranil Jayawardena, MP, as her trade envoy for Sri Lanka. Jayawardena’s role as trade envoy will be to support and enhance the development of Britain’s trade and investment with Sri Lanka.   The Prime Minister’s Trade Envoy will be visiting Sri Lanka from …

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Financial discipline was totally ruined during the past regime

The Auditor General H. S. Gamini Wijesinghe says that since the former Secretary to the Ministry of Finance during the past decade has violated the financial regulations, the country became trapped in a severe debt crisis. At a press briefing held today at the Government Information Department in Colombo, Wijesinghe …

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Prime Minister to submit draft Audi Bill to cabinet next week

The Attorney General has approved the draft of National Audit Bill and the Prime Minister Ranil Wickramasinghe will submit the draft bill to the cabinet on the 14th. On February 2nd, the Attorney General has informed the Prime Minister’s Office that the draft bill was in accordance with the Constitution. …

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Production of Mendis distillery comes to standstill

The license of W.M.Mendis Company has been withdrawn due to the non-payment of taxes, the Department of Excise announced. Accordingly, the production activities of the distillery had halted since last week, it is reported. The company belongs to Arjun Aloysius; the owner of Perpetual Treasuries Limited who was named as …

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