Development and Economic News
Asiri Port City Hospital and TIQRI venture get key investment incentives
US $ 100 million Asiri Port City Hospital recognised as a primary business, $ 100 Million TIQRI information technology venture recognised as a secondary business at Port City Colombo
Govt initiates initial phase of fuel storage tank development in Trinco
A proposal to select a prospective investor for the first phase of the development of 61 fuel storage tanks in the Upper Tank area of the China Bay Harbour of Trincomalee was approved at the Cabinet meeting held on Monday (01 Jan.).
Asiri Port City Hospital begins medical services at Colombo Port City
The Asiri Port City Hospital (Pvt) Company is to begin primary business of strategic importance at Colombo Port City through a gazette notification and to grant related exemptions or incentives.
Mobile phone prices to go up bi 35 percent from today
Selling prices of all types of mobile phones will be increased by 35 per cent from today with the imposement of the new VAT, the Mobile Phone Marketing and Sales Association (MPMSA) said.
Export of services grows by 69% to $ 2.9 bn up to November
The Sri Lanka Export Development Board (EDB) revealed yesterday that the estimated value of services exports in the first 11 months of 2023 grew by 68.72% to $ 2,908.61 million compared to the previous year.
Colombo stock market ends 2023 on a high positive note
The Colombo stock market yesterday ended 2023 on a positive note whilst notching up double digit gain for the year.
Treasury releases annual funds for all approved payments for the first time in 25 years
The Ministry of Finance announced that, in accordance with the 2023 Budget provisions approved by Parliament, the Treasury has disbursed the required funds for all invoices certified by government agencies until 15 December 2023.
Finance Ministry to delay in the implementation of tax changes
State Minister of Finance Ranjith Siyambalapitiya yesterday revealed a one-month postponement in implementing tax changes related to vehicle registration, revenue licenses and property purchases.
Export of services grows by robust 69% to $ 2.9 b up to November
The Sri Lanka Export Development Board (EDB) revealed yesterday that the estimated value of services exports in the first 11 months of 2023 grew by 68.72% to $ 2,908.61 million compared to the previous year.
Special VAT on liquor will increase prices between Rs.90 and Rs.150
The price of liquor will increase between Rs. 90 to Rs. 150 due to the 18 percent increase in value-added tax, or VAT, from January 1, liquor companies claimed.