Mangala revises health sector tax

Views - 143 Wednesday, 20 June 2018 00:00

Finance Minister Mangala Samaraweera yesterday announced broad revisions of health sector taxes including the removal of 15%

SL grows by 3.2% in 1Q

Views - 687 Tuesday, 19 June 2018 00:00

Sri Lanka grew by 3.2% year on year in the first quarter of 2018, slowing marginally from 3.5% expansion seen in the fourth quarter of 2017, the Census and Statistics Department said yesterday. The Gross Domestic Product (GDP) calculation, which use

Procurement guidelines target transparency

Views - 777 Monday, 18 June 2018 00:00

In an effort to bring unprecedented transparency and accountability to the Government procurement system, the National Procurement Commission is pushing to have the newly gazetted guidelines before Parliament by August.

President tells NEC to protect local biz

Views - 1034 Friday, 15 June 2018 00:25

Responding to concerns from local companies President Maithripala Sirisena has instructed the National Economic Council (NEC) to protect local industrialists when making Government policy decisions including tax changes, access to credit facilities a

Government to check cost overruns in mega projects

Views - 728 Thursday, 14 June 2018 00:03

The Government has decided to set up a special Cost Estimate Review Committee, in a bid to avoid cost overruns and discrepancies in Total Cost Estimates (TCE) and actual cost in infrastructure projects. The Committee is expected to review TCE and co

SL- Finland sign 5 MoUs

Views - 518 Wednesday, 13 June 2018 09:10

Five Memorandums of Understanding (MoUs) on education, digitisation, health and energy were signed yesterday between the Sri Lankan Government and its Finnish counterpart as well as the private sectors of the two countries. Economic Affairs and De

SL must join ASEAN party: Malik

Views - 667 Tuesday, 12 June 2018 00:52

By Uditha Jayasinghe Sri Lanka’s private sector should move swiftly to tap ASEAN investment and export opportunities, International Trade and Development Strategies Minister Malik Samarawickrama said yesterday, calling on companies to move out o

Finnish fillip for Sri Lanka

Views - 413 Monday, 11 June 2018 00:25

Sri Lanka-Finland ties will get a big boost this week with a top delegation from Helsinki in town committed to extending

CMPort remits $ 585 m new cash despite Hambantota undercurrents

Views - 1517 Saturday, 9 June 2018 00:10

The money for the latest tranche of lease payment for the Hambantota Port from the China Merchants Port Holdings Company (CMPort) reached the Sri Lankan banking system this week even though the Public Private Partnership (PPP) initiative is facing so

New regulations for microfinance: Mangala

Views - 1326 Friday, 8 June 2018 00:00

The Government has decided to absorb the interest of microfinance loans less than Rs. 150, 000 extended by errant microfinance companies

National Evaluation Policy to modernise State planning

Views - 811 Thursday, 7 June 2018 00:00

By Ashwin Hemmathagama - Our Lobby Correspondent The Government is to introduce a National Evaluation Policy in July to improve independent monitoring of policy implementation and set standards for project assessment at State level, Prime Minister Ra

First five months’ tourist arrivals cross 1 m mark

Views - 929 Wednesday, 6 June 2018 00:00

Tourist arrivals during the first five months exceeded one million, reflecting a 14.7% growth, while May saw a 6.2% growth

EDB eyes $17.4b export revenue

Views - 865 Tuesday, 5 June 2018 00:39

By Charumini de Silva Notwithstanding the global trade decline and sanctions, Sri Lanka has set an ambitious export earning target of $17.4 billion by the end of this year, with 29% of the total target being achieved in the first four months. Accordi

IMF funding tops $ 1 b mark in reforming SL

Views - 786 Monday, 4 June 2018 01:13

Support from the International Monetary Fund (IMF) to Sri Lanka has crossed the $ 1 billion mark under its ongoing program based on the success of key reforms, a course which it wants the Government to continue.

Govt. to write-off microfinance loans of drought-affected farmers

Views - 398 Saturday, 2 June 2018 00:38

The Government has made a decision to write off microfinance debt in regions affected by drought last year in an effort to provide relief to thousands of farmers struggling after poor harvests.

Exports grow 7.7% to $ 2.9 b in 1Q

Views - 696 Friday, 1 June 2018 00:00

A 10.5% increase in industrial exports pushed up overall March exports by 6.3% to $ 1.1 billion, helping to bring the trade

BOI’s SWIFT to fast track investment approvals

Views - 1254 Thursday, 31 May 2018 00:00

By Charumini de Silva The Board of Investment of Sri Lanka (BOI) yesterday launched a web portal to streamline and fast track the investment approval process by interconnecting the first six line agencies under a single window virtual platform. BOI,

PickMe gathers pace

Views - 7463 Wednesday, 30 May 2018 02:03

Digital Mobility Solutions Lanka Ltd., which operates PickMe, has completed Rs. 1 billion in cumulative capital-raising recently with the infusion of the biggest chunk worth Rs. 693 million, which will be utilised to venture into high potential food

PM outlines plans for North

Views - 1365 Tuesday, 29 May 2018 00:07

Prime Minister Ranil Wickremesinghe yesterday focused on the need to link the Northern Province with southern development corridors to develop its economy focusing on agriculture, fishing, tourism and manufacturing. Wickremesinghe speaking in Kilino

Govt. goes for $ 1 b, 8-year syndicated loan from China Dev. Bank

Views - 1218 Monday, 28 May 2018 00:00

Reuters: Sri Lanka has accepted an eight-year China Development Bank $ 1 billion syndicated loan to repay loans maturing this year, two top Finance Ministry officials said on Friday.

JVP jigsaw to President, PM

Views - 354 Saturday, 26 May 2018 00:25

The 20th Amendment to the Constitution, presented by the JVP, will be sent by Parliament to the Attorney General and the Prime Minister.

PM bets on UNP’s democratic credentials

Views - 983 Friday, 25 May 2018 00:00

A revamped United National Party (UNP) complete with younger office bearers is likely to be announced after the Executive Committee

China strongly committed to helping Sri Lanka become prosperous: Envoy

Views - 1345 Thursday, 24 May 2018 01:09

China yesterday expressed stronger commitment to help Sri Lanka realise its goal to become a prosperous country, allaying fears over growing engagement and stating it has to do with gratitude and cooperation, and not ulterior motives. “China and S

Milestone marks from Mangala

Views - 1167 Wednesday, 23 May 2018 00:00

Marking his first year, Finance Minister Mangala Samaraweera yesterday assured that the macroeconomic stabilisation

Hayleys first listed firm to cross $1b turnover

Views - 2543 Tuesday, 22 May 2018 00:08

Building on a strong momentum gathered over the final quarter of FY 2017/18, Sri Lanka’s leading diversified conglomerate Hayleys PLC announced a record breaking top-line performance, as revenue expanded by 47% Year-on-Year to Rs. 163.2 billion dur

National interest in front and centre when negotiating FTAs: Malik

Views - 560 Monday, 21 May 2018 00:42

Dismissing criticism, Development Strategies and International Trade Minister Malik Samarawickrama last week emphasised that the Government had put national interest “front and centre” when negotiating Free Trade Agreements.

No job losses from FTAs: PM

Views - 923 Saturday, 19 May 2018 00:15

Prime Minister Ranil Wickremesinghe, yesterday, assured that no professionals would lose their jobs as a result of any Free Trade Agreements (FTAs) signed by the Government, and if problems are presented, officials would engage to resolve them.

Rs. 2 b SL-US dairy project to double milk production

Views - 1723 Friday, 18 May 2018 00:00

A Rs. 2 billion initiative to double Sri Lanka’s dairy production kicked off yesterday with Prime Minister Ranil Wickremesinghe

Immigration key catalyst for development

Views - 1341 Thursday, 17 May 2018 00:33

By Uditha Jayasinghe Reforming immigration law to allow free movement of people through progressive laws could tackle Sri Lanka’s chronic economic challenges of narrow exports, low Foreign Direct Investment (FDI) and limited innovation, a top expe

Primary industries to the fore

Views - 899 Wednesday, 16 May 2018 00:00

Bringing the Government’s ambitious agriculture modernisation program to the fore, Prime Minister Ranil Wickremesinghe

Today's Columnists

Strong trade agreements need 30-50 consultations

Wednesday, 20 June 2018

Coming from a multinational working background, I strongly support free trade given that open competition tends to sharpen

The case of our concealed subservience to China

Wednesday, 20 June 2018

If one takes a close look at the general trend of discourse and debate that has been going on in Sri Lanka, one cannot but be

Muslim markers in Sri Lanka: Changes and challenges

Wednesday, 20 June 2018

If we exclude from our consideration the wars that owe their origin to religious hatred, or to difference in fundamental principles

A 10-point guide on bank credit facilities that suit your business best

Tuesday, 19 June 2018

As a businessman when you visit a bank seeking credit facilities you are faced with a lot of banking jargon with which you are often not conversant. You tend to learn about them only when you start utilising such facilities. Further, if are young and

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