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Business News (242)

Excise Department Commissioner General M.J. Gunasiri says only Rs. 162 b of Rs. 323 b target The Excise Department Commissioner General M.J. Gunasiri yesterday called on liquor manufactures to pay their overdue taxes before 30 November, warning that legal action will be taken against those who fail to comply.

A high-level team of the International Monetary Fund (IMF) led by its Director of the Asia Pacific Department, Krishna Srinivasan, is scheduled to visit Colombo from October 02 to 04 to meet with President Anura Kumara Dissanayake and Sri Lanka’s new economic team.

As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in August 2024 amounted to US$ 1,165.4 million, recorded an increase of 4.18 % compared to the month of August 2023.

The Central Bank of Sri Lanka (CBSL) says it purchased a significant amount of foreign exchange from the domestic market to bolster the Gross Official Reserves (GOR).

The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 8.25 per cent and 9.25 per cent, respectively.

Newly appointed Foreign Affairs Minister Vijitha Herath said, in his first public function on Tuesday,

China has expressed its readiness to play a constructive role in Sri Lanka's steady economic and social development, adhering to non-interference principles in the country's internal affairs and respecting its sovereignty.

The International Chamber of Commerce (ICC) Sri Lanka yesterday announced the signing of a Memorandum of Understanding (MoU) with Port City Colombo.

Sri Lanka’s tourism industry is anticipating continued growth following the recent presidential election, widely regarded as one of the most peaceful in the nation’s history, Sri Lanka Tourism said.

Sri Lanka bondholders have made further concessions during the latest round of negotiation which will see the present value benefit increasing from 27 percent in a July deal to 33 percent in the September deal, if the economy performs better than expected, finance ministry clarified. .

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