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BUSINESS

Development plan for next three years to be launched

Prime Minister Ranil Wickremesinghe has said that during the forthcoming three years a development era would be created in the country and the plan for the development will be launched on Monday under the patronage of the President. The Premier, participating in a program to empower women held today at …

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China and Sri Lanka to establish sister cities

A Memorandum of Understanding (MoU) on establishing a sister city relationship between Jishan, Shanxi Province of China and Monaragala, Uva Province of Sri Lanka was signed recently in Sri Lanka. The District Secretary of Monaragala and the Magistrate of the People’s Government of Jishan Country signed the agreement at the …

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ETCA talks to be held in October

The next round of talks on the Economic and Technology Cooperation Agreement (ETCA) is to be held in New Delhi in October. A source close to the ETCA negotiation team said the latest round of talks was conducted in Sri Lanka recently and that both sides discussed trade in services …

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Daya, chief guest spice Assn. AGM

The Spices and Allied Products Producers’ and Traders’ Association held its 33rd annual general meeting at Taj Samudra Hotel in Colombo recently. Chief guest on the occasion was primary industries minister Daya Gamage. The meeting passed a resolution to amend the association’s constitution to revise the member entrance fee and …

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No change in EPF taxation

Salaries of workers paying Employees Provident Fund will continue to be taxed as at present with no change, Deputy State Minister Eran Wickramaratne said.   “The status quo will remain,” he told reporters.   Former President Mahinda Rajapaksa had warned that under a new Inland Revenue Act, the taxable gross …

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Inland Revenue Bill put off till Sept. 06

The debate on the Inland Revenue Bill, which was scheduled to be taken up yesterday, was put off to the next Parliamentary sitting date (Sept. 06).   Leader of the House and Highways and Higher Education Minister Lakshman Kiriella told the House that the Bill would not be moved for …

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