Economic
Commercial Bank PLC was last night crowned as the winner at CA Sri Lanka’s 55th Annual Report Awards, clinching the coveted “Cyril Gardiner Memorial Trophy” for overall excellence in financial reporting. Hayleys PLC came second, whilst the bronze was shared by Hatton National Bank and LB Finance PLC.
The Kingsbury, one of Sri Lanka’s iconic hotels, opens a brand new chapter in its history on December 7 under a 750 million-rupee revamp of the Colombo property.
The Central Bank has decided to revoke the suspension of NatWealth Securities Limited which was established under the Mahapola Higher Education Scholarship Trust Fund from carrying on the business and activities of a Primary Dealer with effect from today (Saturday 30 ).
The government will be implementing a tax Policy framework with a view to creating a simple, transparent and efficient tax system, Finance Ministry announced.
Sri Lanka is set to further advance the financial sector by introducing Blockchain Technology while ensuring the safety and soundness of the banking system.
කොළඹ හිල්ටන් හෝටලයේ පැවති දකුණු ආසියාතික ව්යාපාර විශිෂ්ටතා සම්මාන උළෙලේදී 2019 වසරේ හොඳම නැඟී එන මූල්ය සමාගම ලෙසින් ලංකා ක්රෙඩිට් ඇන්ඩ් බිස්නස් ෆිනෑන්ස් ලිමිටඩ් සමාගම සම්මානයට පාත්ර විය.
The Government has called for reports from all public and private banks to evaluate microfinance loans and borrowings taken by small and medium businesses this week, a top official said yesterday pledging to provide relief in the coming months.
The Sri Lanka Retailers’ Association (SLRA) has been lobbying for more e-commerce trading and setting up an effective payment gateway to build a vibrant retail industry in the country, said Sri Lanka Retail Forum Chairman Murally Prakash on the sidelines of the ‘Sri Lanka Retail Forum-2019’ in Colombo last week.
Reuters: The Central Bank is likely to leave its key interest rates on hold at a policy review today, a Reuters poll indicated, while it waits for the new Government’s economic policies after the election of a fresh President on 16 November.
The business community while welcoming the slew of tax reforms to stimulate economic growth noted that the move would result in fiscal implications particularly with the reduction in the government’s tax revenue by about one third.
SriLankan Airlines is presenting the ‘Black Friday’ exclusive one-day sale today, 29 November, with amazing discounts on air tickets booked through its website www.srilankan.com to 37 exciting cities throughout its route network.
The Central Bank will be introducing a new scoring system for the Credit Information Bureau (CRIB).
There would be no effect on the import tax on motor vehicles despite the major tax concessions which were announced on Wednesday. Only the prices of buses and trucks registered less than five years from the country of export could be reduced the Vehicle Importers Association of Sri Lanka (VIASL) Chairman Ranjan Peiris said.
කැබිනට් මණ්ඩලය ඊයේ (27) අනුමත කළ සහන පැකේජය හේතුවෙන් භාණ්ඩ හා සේවා මිල පහළ යාමට ද වෙළදපොල ගණුදෙනු වේගවත්වීමට ද බොහෝ දුරට ඉඩ ඇතැයි ආර්ථික විශ්ලේෂකයින් පෙන්වා දෙනවා.
The new interim government has decided to abolish much debated fuel pricing formula almost eleven months after its introduction by the previous regime heeding one of the conditions of the International Monetary Fund (IMF) in approving its US$ 1.5 billion Extended Fund Facility .
A gradual revival in domestic economic activity is expected over the medium term Economic growth is predicted to be modest during the remainder of the year, with likely subpart growth in Industry and Services activities as implied by leading indicators.
Sri Lankan apparel and fabric conglomerate MAS Holdings has expanded its extensive operations in the South Asian and Asian region in to African continent by setting up a new apparel manufacturing venture in Kenya, ‘Just-style’ news reported.
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