Business

BOI to facilitate risk mitigation to SAARC members through dedicated industrial parks

4 hours ago

0

With an aim to boost FDI flows into the country while fostering inter-regional trade among SAARC nations, Sri Lanka’s Board of Investment (BOI) is exploring the creation of country-specific industri

Government to compile detailed SME loan report to plan relief measures

Government to compile detailed SME loan report to plan relief measures

4 hours ago

0
7

The government has planned to compile a detailed report on loans taken by Small and Medium-sized Enterprises (SMEs) across the country to help create relief measures for the businesses struggling wit

CEB default risks major service disruptions, says Fitch Ratings

CEB default risks major service disruptions, says Fitch Ratings

4 hours ago

0
18

A default by Ceylon Electricity Board (CEB) would lead to severe service disruption, with the entity accounting for about 73 percent of generation capacity at end-2023, rating agency Fitch said.

BOI restructuring under ETA faces delays: Lawyer

BOI restructuring under ETA faces delays: Lawyer

4 hours ago

0
10

The scheduled restructuring of Sri Lanka’s Board of Investment (BOI) into three new entities under the Economic Transformation Act (ETA) is facing delays and may even be shelved by the incoming gove

Crossings boost turnover to Rs. 4.3 bn

Crossings boost turnover to Rs. 4.3 bn

4 hours ago

0
11

The ASPI closed in green as a result of price gains in counters such as John Keells Holdings, Richard Pieris & Company and C T Holdings with the turnover crossing Rs. 4.2 bn.

Heartbreak for Yupun as he falls in 100m heats

Effective taxation and combating corruption

25 Jul 2024

0
247

Jean-Baptiste Colbert, who served as the French Minister of Finance under King Louis XIV, once said, “The art of taxation consists in so plucking the goose as to obtain the largest possible amount o

Heartbreak for Yupun as he falls in 100m heats

Proposed 13% primary expenditure rule for Sri Lanka departs from economic theory and practice

24 Jul 2024

0
437

On May 22, 2024, the government of Sri Lanka gazetted the Public Financial Management (PFM) Bill, aiming to implement wide-ranging reforms to enhance transparency, accountability and control of public

Heartbreak for Yupun as he falls in 100m heats

SL economy outperforms in 1Q, but uncertainty looms due to elections: ADB

19 Jul 2024

0
570

Sri Lanka’s economy outperformed expectations in the first quarter, but the outlook for the rest of the year and beyond remains uncertain, according to the Asian Development Bank (ADB).

More in Business

Economy

CBSL says no intention of regulating interest rates

CBSL says no intention of regulating interest rates

29 Jul 2024

0
958

​The Central Bank last week said it does not want to intervene in setting the interest rates, and will leave them to market forces.

Cartoon