The Government is to promulgate a state owned enterprises (SOEs) Act in the coming months to accord legislative authority and operational effect to the SOE reform policy, Finance Ministry’s fiscal policy report outlined.
Whilst State Minister of Finance Ranjith Siyambalapitiya claimed that a sum of Rs 6,721 million is to be collected from five liquor manufacturing companies which have defaulted taxes,
State Minister of Finance Ranjith Siyambalapitiya announced that measures are underway to establish a separate regulatory authority dedicated to overseeing microfinance institutions.
Plaintiff Hamilton Reserve Bank Ltd., (HRB) has recently filed a ‘Memorandum of Law in Response to the Statement of Interest and AMICUS Brief’ opposing the cross-motion to stay the defendant Government of Sri Lanka requested from US District Court, Southern District of New York.
The price of Muriate of Potash (MoP) fertilizer is to be reduced by another 50 percent, Agriculture and Plantation Industries Minister Mahinda Amaraweera said.
A Cabinet paper has been submitted to reduce the price of Muriate of Potash (MoP) fertilizer by another 50 percent, Agriculture and Plantation Industries Minister Mahinda Amaraweera said.
SriLankan Airlines (SLA) and the Ceylon Electricity Board (CEB) will together receive Rs. 238.9 billion from the Treasury to settle their debts, enabling the two entities to restructure their balance sheets ahead of their divestment process.
The inaugural charter flight of Enter Air arrived at Bandaranaike International Airport (BIA) yesterday, connecting Poland and Sri Lanka.
South Korea has pledged its assistance to Sri Lanka for several programmes including employment generation for young people and reinforcement of employment cooperation.
Sri Lanka has not met its monthly tourist arrivals targets for three consecutive months, with October falling short as well, the data released by the tourism authority showed.