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Sri Lanka’s electricity demand, sales and investment needs are growing rapidly compelling the Ceylon Electricity Board (CEB) to increase end user tariff making it cost effective, and expedite the implementation of power plants.This was highlighted in the Asian Development Bank funded power sector assessment report.

Tuesday, 26 January 2021 07:09

Govt. directs biz to local contractors

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The Government yesterday directed all State institutions, including Ministries, Provincial Councils, Local Government Authorities and statutory boards to allow local companies to exclusively bid for Government construction contracts.

Tuesday, 26 January 2021 07:06

IRD takes tax awareness online

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Due to the current situation of COVID-19 pandemic and imposed restrictions under health guidelines, the Inland Revenue Department (IRD) has unveiled useful awareness programs via online.

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LOLC Finance – Sri Lanka’s largest Non-Banking Financial Institution (NBFI), has introduced a Credit Card named, Savi exclusively designed for pensioners and state sector employees across Sri Lanka.

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Two new state-controlled companies are to be floated shortly and listed in the Colombo Stock Exchange (CSE) for the purpose of attracting investments.

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Sri Lanka is turning to India and China for a financial lifeline as a balance of payment crisis looms over the island with revenue dwindling and debt crisis rising.

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Sri Lankan companies have not been able to harness maximum benefits of a state sponsored Market Access Assistance Programme designed to empower entrepreneurs due to lack of funding, an Auditor General (AG)’s recent report has revealed.

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The Lanka Coal Company says they were following policies set by the previous Government in 2015 when it was decided that half of the 2.25 million metric tonnes required for the Lakvijeya power plant should be purchased through a term tender while the rest procured through spot tenders.

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Central Bank has eased the restriction of discretionary payments including payment of cash dividends by licensed banks.

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Chamber of Tourism and Industry thanks the Government, Tourism and Civil Aviation Minister Prasanna Ranatunga and relevant agencies for making arrangements to open the international airports to tourists.

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