Business

CG Corp Global bets big on SL’s recovery and growth

03 Dec 2024

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Chaudhary Group (CG) Corp Global, a Nepal-based multinational conglomerate, reaffirmed its commitment to Sri Lanka yesterday, pledging to remain invested in the long term while identifying opportuniti

SL will soon need to cut down number of state sector employees: Senior presidential advisor

SL will soon need to cut down number of state sector employees: Senior presidential advisor

03 Dec 2024

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Sri Lanka will not be able to afford a large public sector in the near future and will soon need to start reducing the number of state employees, a senior advisor to the president said yesterday.

Sri Lanka ranked 4th best country for long vacations in global study

Sri Lanka ranked 4th best country for long vacations in global study

03 Dec 2024

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Sri Lanka has been ranked among the top five destinations in the world for long vacations in a study conducted by Ubuy India, a global e-commerce platform.

Construction sector still uncertain about much-awaited tax concessions

Construction sector still uncertain about much-awaited tax concessions

03 Dec 2024

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Sri Lanka’s construction industry said it is still uncertain about receiving its much-awaited tax concessions, as the industry stakeholders opine that the government’s requirement to meet the Inte

Colombo Port rebounds with double-digit growth in transshipment; to reach highest-ever container throughput this year

Colombo Port rebounds with double-digit growth in transshipment; to reach highest-ever container throughput this year

03 Dec 2024

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The Port of Colombo witnessed a strong resurgence in transshipment volumes for the second consecutive month in October, signalling a significant easing of congestion that had previously caused ineffic

Heartbreak for Yupun as he falls in 100m heats

Effective taxation and combating corruption

25 Jul 2024

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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

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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

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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

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

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