Business News (242)
Customs imposed Rs. 4.5 billion fine on 13 leading jewellers for gold smuggling
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Sri Lanka Customs have raided 13 leading jewellery-making institutions and seized a stock of gold smuggled into the country and a fine of Rs. 4.5 billion is to be imposed in this regard
Parliamentary Committee report highlights a short fall in Tax Target in 2023,
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A new report by the Parliamentary Committee on Ways and Means highlights a shortfall in government tax revenue for 2023.
A consortium comprising top blue chips John Keells Holdings, Hayleys and Aitken Spence is to be considered to majority own and manage national carrier SriLankan Airlines.
Dialog Axiata PLC, a leading connectivity provider, has been awarded the tender of virtual private network (VPN) hosting of Sri Lanka Police Department recently.
April tea crop falls to 4 year low dragging down cumulative performance
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Tea production in April has dropped to a four year low of 21.46 million kilos, which is also the lowest since the COVID-19 lockdown year of 2020.
The Bank of Ceylon (BOC) has decided to divest the 100% shareholding in BOC Travels Ltd. Number of shares in issue in the subsidiary is 250,004 worth Rs. 2.5 million at cost.
Government considers taking back loss making plantation companies
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The Government is considering taking back loss making plantation companies and is to appoint a committee to make recommendations on the matter.
China-Sri Lanka Water Research Center opens at Peradeniya, University
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The China-Sri Lanka Joint Research and Demonstration Center for Water Technology (JRDC) was inaugurated at the University of Peradeniya, heralding a new era of collaboration and innovation in water research.
Government to introduce vehicle import rules aimed at preventing malpractices
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The Government is planning to pass a law implementing vehicle import standards to prevent malpractices and irregularities in the current process before removing the present restrictions finance ministry sources said.
SL fuel consumption comes down by 50 percent mainly due to drop in demand
editor
Ceylon Petroleum Storage Terminal Company’s (CPSTL), probable irregularities within the fuel distribution system has had an indirect impact on fuel consumption data countrywide which was a significant drop due to decline in demand , ministry of power and energy sources highlighted.
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Supreme Global ,Air Asia Consulting and Hayleys shortlisted for SriLankan Airlines RFQ
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Cabinet of Ministers at its meeting yesterday approved the shortlisting of three parties from the original RFQ process.
India is in talks with Sri Lanka to acquire a graphite mine block in the island nation, pushing ahead with its plan to forge global alliances to secure critical mineral supplies, said people familiar with the development.
Australia names former Sri Lanka cricketer Russel Arnold Multicultural Ambassador
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Former Sri Lankan cricketer Russel Arnold has been named a Multicultural Ambassador by Australia.
World Bank to host roundtable on Advancing Energy Transition in Colombo
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Power and Energy Minister Kanchana Wijesekera announced yesterday that the World Bank will organise a roundtable discussion on Advancing Energy Transition on May 29 in Colombo.