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Celebrating the momentous occasion of adding 269 hectares to the land of Sri Lanka as a valuable extension to the Colombo Central Business District, a commemorative stamp and first day cover is to be issued under the patronage of Prime Minister Mahinda Rajapaksa and Chinese Ambassador to Sri Lanka Cheng Xueyuan on 7 December.

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The Hambantota International Port (HIP) had a busy week with six RORO ships calling at the port, discharging 18,288 vehicles from which 16,830 were for transshipment and 1,458 were for local agencies.

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Sri Lanka’s printing sector is now not only aiming to become the print hub of Asia but it also poised to launch a three pronged strategy to achieve the status of the Lankan printer’s version of ‘Green Valley’ promoting sustainability.

Thursday, 05 December 2019 06:02

Tax cuts aim to stimulate economic growth

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Markets in Sri Lanka surged after a long spell and people were delighted by the new tax breaks announced by the government but the move worried economic experts owing to a drop in tax revenue and cash inflows.

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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.

Wednesday, 04 December 2019 07:16

Interim government simplifies tax system

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The government will be implementing a tax Policy framework with a view to creating a simple, transparent and efficient tax system, Finance Ministry announced.

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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.

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Ability to carry out domestic banking business in SL cancelled from 1 April

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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.

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Sri Lanka is set to further advance the financial sector by introducing Blockchain Technology while ensuring the safety and soundness of the banking system.

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