Home / BUSINESS (page 38)

BUSINESS

Upul Jayasuriya resigns

Upul Jayasuriya has resigned from his position as Chairman of the Board of Investment (BoI) of Sri Lanka. Jayasuriya, who is the former President of the Bar Association of Sri Lanka (BASL), has reportedly resigned due to personal reasons and has already tendered his resignation to the Presidential Secretary. He …

Read More »

Central Bank expects T-bill yields to ease further

Sri Lanka’s central bank expects a further fall in Treasury bill yields due to less pressure from government borrowing and a proposed new auction system, Deputy Governor Nandalal Weerasinghe told Reuters on Wednesday. The yield on the benchmark 364-day T-bill has dropped 66 basis points since April 21, from a …

Read More »

Kiriella promises to complete Kandy expressway by Dec. 2019

Higher Education and Highways Minister Lakshman Kiriella yesterday said the construction work on the Colombo-Kandy Expressway would be completed by the end of 2019.   Addressing a meeting held at his Ministry in Battaramulla on Monday (10), Minister Kiriella said the construction work had been expedited.   The discussions on …

Read More »

Sri Lanka, a more competitive export market player – Daya

Minister of primary industries Daya Gamage says progress in recent years has resulted in Sri Lanka becoming a more competitive player in the global export market. That is especially so, as we are now exporting value-added products as opposed to only raw material, he says. “We plan to concentrate on …

Read More »

Mangala briefs TUs on new tax bill

Amidst protests against the proposed Inland Revenue Bill, Finance Minister Mangala Samaraweera has sought to explain what he considers the rationale behind the move. The Joint Opposition has vowed to block the Bill while the Supreme Court, too, has been moved against it on the grounds that it violates the …

Read More »

Multimillion dollar Airbus dispute

The Cabinet Committee on Economic Management (CCEM) has been asked to come up with recommendations on how to resolve a dispute with Airbus S.A.S over the purchase of four Airbus A 350-900 aircraft. The directive has gone from the Cabinet of Ministers after Public Enterprise Development Minister Kabir Hashim asked …

Read More »

Tax files, IDs for all above 18

Minister of Finance Mangala Samaraweera told local newspaper  yesterday that the Ministry of Finance is working on a plan to introduce a Taxpayer Identification Number and a Tax File to be opened for all citizens of Sri Lanka who are above 18 years of age. “Every person who is an income …

Read More »

Bank of China to open branch here

Bank of China, one of the largest State-owned financial institutions in China is expected to open a branch in Colombo this year, its first in South Asia, a spokesman said yesterday. The banking authorities are in contact with the Sri Lankan authorities to finalize the process. A Chinese embassy spokesman …

Read More »