Development and Economic News
74,664 tourists arrive in Sri Lanka in first two weeks of Nov.
Altogether 74,664 foreign tourists arrived in Sri Lanka in the first 15 days of November, according to the latest statistics released by the Sri Lanka Tourism Development Authority (SLTDA).
China donates motorcycles and computers to Sri Lanka Police
The People’s Republic of China officially handed over 26 RANOMOTO motorcycles and 100 LENOVO desktop computers to the Sri Lanka Police Department in a ceremony at the Presidential Secretariat on Friday (10 Nov.).
More post office buildings in Sri Lanka for hotel projects
Two more post office buildings in Diyatalawa and Galle and three more ancient buildings in Kandy and Nuwara Eliya are to be offered for hotel projects through the Urban Development Authority (UDA) in addition to the historic Nuwara Eliya post office.
WB approves US $150 Million to strengthen SL financial sector
The World Bank’s Board of Executive Directors today approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector.
CDB gets US $ 30million from US DFC
Citizens Development Business Finance Plc (CDB) yesterday announced that it has received a commitment of US$ 30 million as loan from the United States International Development Finance Corporation (DFC).
CDB gets US$ 30 m from US Development Finance Corporation
Citizens Development Business Finance Plc (CDB) yesterday announced that it has received a commitment of US$ 30 million as loan from the United States International Development Finance Corporation (DFC).
Income tax to impose on firms benefited from Sugar tax hike
The Committee on Public Finance in the Sri Lankan Parliament issued a directive instructing the Ministry of Finance to impose an income tax on companies that made gains due to the 'midnight gazette' on sugar imports.
Property tax likely to be chosen over comprehensive wealth tax: KPMG
As Sri Lanka explores various avenues to enhance its tax revenue, it is likely that the country will opt for a property tax instead of implementing a comprehensive wealth tax, according to KPMG Sri Lanka.
Sri Lanka Economic Commission comes into effect soon
A new institutional structure is to be created for the establishment of the Sri Lanka Economic Commission and its associated units.
SLA FLEET DETAILS
According to finance ministry data, Sri Lankan Airlines' present fleet consists of 24 aircraft. These are split evenly between single-aisle and twin-aisle designs, with 12 widebody and 12 narrow-bodied jets at its disposal. In terms of SriLankan Airlines' widebodies, the one-worlder carrier is a fan of the A330, flying two variants.