Business News (242)
Inland Revenue Department warns against fraudulent tax collection schemes
editor
The Commissioner General of Inland Revenue has issued a warning to all taxpayers regarding fraudulent activities involving individuals impersonating Inland Revenue officers to collect money from business owners.
Sri Lanka's tourism industry, recently relieved by the suspension of the VFS Global-led visa system, now faces a severe crisis.
India took note of its long-standing friendship with Sri Lanka and the shared vision to enhance and deepen the bilateral partnership for mutually beneficial and sustainable economic growth.
The Ministry of Ports, Shipping and Aviation has announced the much-anticipated resumption of the passenger ferry service between Sri Lanka and India, another effort to increase connectivity between the two neighboring nations.
Aug 8 (TM) Sri Lanka state revenue has increased by 41% year-on-year (y-o-y) in the first six months of 2024 to Rs. 1,860 billion, as the Treasury has collected 52% of the estimated revenue for the year, State Minister Ranjith Siyambalapitiya said.
Indonesia-Sri Lanka Preferential Trade Agreement comes into force in 2025
editor
“The discussions are set to be finalised by December 2024, with both countries aiming to sign the Indonesia-Sri Lanka Preferential Trade Agreement in March 2025,” Cabinet Co-Spokesman and Minister Bandula Gunawardena said at the weekly post-Cabinet meeting media briefing yesterday.
The agreement for obtaining USD 300 million loan from the Asian Development Bank (ADB) for the implementation of power sector reforms and financial sustainability program has been signed by the Government of Sri Lanka and the ADB.
DIMO, a pioneer in the automobile industry and the exclusive Authorised General Distributor for Mercedes-Benz in Sri Lanka marks a new era in the luxury vehicle market with the Mercedes-Benz EQ range,
Private sector companies awarded Authorised Economic Operator status
editor
Thirty-one private sector companies were awarded the prestigious AEO Tier 1 status at a Sri Lanka Customs awarding ceremony on 30 July at the NH Collection Colombo.
Sri Lanka Tourism has seen a significant increase in tourist arrivals for the month of July, welcoming a total of 187,810 visitors. This surge in visitors has propelled the cumulative arrivals for 2024 to 1.19 million so far.
More...
Sri Lanka’s National Industrial Policy and 2023-2027 Strategic Plan prepared
editor
Secretary to the Ministry of Industries, Shantha Weerasinghe announced that the “National Industry Policy,” along with the five-year strategic plan for 2023-2027, has been prepared and submitted to the Department of National Planning.
CameraLK Unveils New Sony Service Center with Specialized Repair Solutions
editor
CameraLK, Sri Lanka's leading camera retail giant, recently unveiled its brand-new CameraLK Service Center at 244 High Level Rd, Colombo 05. This state-of-the-art facility is dedicated to servicing and repairing Sony cameras,
Port City Colombo announced that two regulations, Offshore Banking, and Offshore Banking -- Prudent Management and Confidence, have been gazetted for commercial operations within the area of authority of the Colombo Port City Special Economic Zone.
State Minister of Finance Shehan Semasinghe yesterday announced that the Government plans to permit the importation of vehicles for private use starting in the first quarter of 2025.