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Sri Lanka to get GSP+ from Friday-EU

The European Union says that re-granting of the GSP+ trade concessions to Sri Lanka will be effected from May 19. This was announced by Tung-Lai Margue, Ambassador and Head of Delegation of the European Union to Sri Lanka and the Maldives, during a media gathering held in Colombo today. “This …

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New tax scheme to spur investment

Finance Minister Ravi Karunanayake said that the government has decided to introduce a new tax scheme to encourage small, medium and large scale investors, both local and international. The purpose of the new system is to give priority to genuine investors to ensure economic growth in the country, he says. …

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European Council grants GSP+ to Sri Lanka

The European Council has approved granting the Generalized System of Preferences Plus (GSP+) tariff concession to Sri Lanka allowing the island nation to export its products tax-free to the European market. The Foreign Affairs Council at its meeting held today agreed to grant additional trade preferences to Sri Lanka. Granting …

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CB will not allow rupee to fall

Sri Lanka’s central bank does not want to allow the rupee currency to fall too quickly and wants to ensure a competitive exchange rate, the island nation’s Central Bank Governor Indrajit Coomaraswamy said on Tuesday. U.S. dollar inflows have helped the rupee stabilize and eased the downward pressure. The central …

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Steps to rectify 40 pc post-harvest waste – Daya

“The Ministry of Primary Industries together with Agriculture Ministry, Ministry of Rural and Fisheries Ministry will set up 21 export oriented agriculture zones to rectify that,” Minister Gamage said at the inauguration of a workshop at Water’s Edge, Battaramulla (08) today. The theme of the event was ‘Emerging Food Safety …

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