Business News
Thursday, 15 April 2021 12:51
Massive tax evasion triggers economic stress
VAt a time of unprecedented economic stress, the Government is losing billions of rupees in revenue with the increase in tax evasion, the Parliamentary Committee on Public Accounts (COPA) has found.
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Business News
Monday, 12 April 2021 22:55
Sri Lanka incurs Post-harvest losses of Rs. 20 billion annually: COPA
Around 270,000 metric tons of vegetables and fruits are wasted annually, causing a loss to the Sri Lankan economy of approximately Rs. 20 billion,
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Business News
Monday, 12 April 2021 11:26
People’s Bank negotiates $75-100 million loan
The People’s Bank is currently in negotiation with the China-led Asian Infrastructure and Investment Bank (AIIB) for a US$75 million-US$100 million loan to be lent to COVID-19-hit local SMEs, the bank said this week.
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Business News
Sunday, 11 April 2021 09:59
Sri Lankan Business confidence rebounds
Sri Lankan Business confidence is now being gradually restored after the resorting hybrid model of working from home (WFH) and office, a recent research revealed.
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Business News
Saturday, 10 April 2021 00:25
Sri Lankan economy records -3.6 per cent GDP growth
The Sri Lankan economy has contracted at 3.6 per cent in 2020 lower than initial projections, the Department of Census and Statistics (DCS) announced.
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Business News
Friday, 09 April 2021 09:51
Sri Lanka eyes Middle East funding as financial aid
Sri Lanka explores the possibility of gaining some funding from the Middle East following discussions with relevant authorities in a latest mission to the Gulf region, Central Bank Governor Professor W D Lakshman divulged.
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Business News
Friday, 09 April 2021 08:42
IMF team now in Colombo continues consultations on technical assistance
Sri Lanka has dropped plans for a fresh bailout facility from the International Monetary Fund (IMF) but the discussions are underway with the donor agency on technical assistance on public financial management
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Business News
Thursday, 08 April 2021 14:03
Equity Fund provides seed capital for SMEs
Sri Lanka Small and Medium Scale Enterprises (SME) will be getting seed capital from an equity fund which was set up recently.
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Business News
Thursday, 08 April 2021 13:43
Over 360 million dollars flow into Special Deposit Accounts
Special Deposit Accounts (SDA) introduced by the Government last year have swelled $ 360.3 million, which has ptompted the Cabinet to approve extending their validity period further, Cabinet Spokesman Minister Keheliya Rambukwella said.
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Business News
Tuesday, 06 April 2021 17:17
UDA to issue Rs 25 bn debenture ten years after its first Rs10 bn issuance
The Urban Development Authority (UDA) is issuing debentures worth Rs.25 billion to raise funds through state banks to finance a large- scale middle income housing scheme, a senior official said
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Business News