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 of feathers with the smallest possible amount of hissing.”
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 funds.
Kicking off the June quarter earnings season, Lanka IOC PLC reported some solid top and bottom-line performance for the three months, riding on the ongoing recovery in the broader economy which requires, literally more fuel to help accelerate.
Sri Lanka has emerged as the fastest in South Asia in embracing digital payments, a global giant in digital payments said. The post-pandemic behaviour among Sri Lankans has shown a notable shift, with a growth of at least 20 percent in digital transactions since 2019, particularly among debit card holders according to officials of the Visa Corporation. “Sri Lanka is clearly one of our fastest-growing markets in South Asia. We see a strong recov
Aitken Spence PLC, a leading blue-chip conglomerate, said that while it is looking to continue to invest in growth industries, it would continue to do so by taking into account the importance of climate change-related risks and opportunities faced as a company and a country.
The secondary market moved into the fourth consecutive session of increased buying interest. The belly end of the yield curve centered buying interest amongst maturities between 2026 to 2028, while the long end of the curve remained steady. Among the traded maturities, short term tenors 01.02.26 traded at a rate of 10.15%.
The SPARK Skilled Youth Entrepreneurship Competition, a national competitive platform designed to inspire and empower aspiring young entrepreneurs across the nation, has commenced accepting applications from youth aged 15-30 years, for its 2024 edition.
Unilever Sri Lanka, a renowned leader in sustainable business practices, secured the coveted Gold award in the Clean Energy for Productive Uses category, at the inaugural International Symposium on Green Industry Initiative for Sustainable Industrial Development (ISGSD 2024).
In March 2024, the Cabinet approved a 40 percent increase in the national minimum wage level to support the low-income earners who have fallen into poverty due to the economic crisis. Can this pay hike truly help the poor and reduce inequalities in the future? An important question at the moment.
SLT-Mobitel, the national ICT solutions provider and Sri Lanka’s most-loved ride hailing and food delivery app Uber, have come together to offer tailor-made, value-added connectivity solutions for merchants, couriers and drivers registered on Uber’s platform in Sri Lanka.
Sri Lanka Insurance Corporation General Limited (SLICGL) has entered into a strategic bancassurance partnership with the Regional Development Bank (RDB), the leading financial institution dedicated to development finance, to ensure greater accessibility and convenience for customers seeking comprehensive insurance coverage.
In today’s fast-paced and competitive business world, employers are increasingly recognising the importance of investing in their workforce’s professional growth and development. This not only enhances employee performance but also contributes to the overall success and growth of the organisation. The ACCA (Association of Chartered Certified Accountants) Approved Employer Programme is a prestigious initiative that acknowledges employers who uphol
Data privacy has transformed the global business landscape in the past five years, largely due to the implementation of the General Data Protection Regulation (GDPR) by the European Union (EU). The heightened demand for data privacy and its importance have led to the enactment of Personal Data Protection Act No.09 of 2022 (PDPA) in Sri Lanka.
Saudi Arabia aims to utilise her vast arid lands to harvest renewable energy resources and to increase her share of renewables to around 50 percent by the year 2030. This is similar to Sri Lanka’s stated goal of 70 percent renewable energy usage by 2030. However, sadly this is where the similarity ends.
Ceylon Eco Friendly Products (Pvt.),which came up with an innovative project to recycle shredded currency, had got clearance from international patent rights bodies and is now slated to start up an international level business.
Despite a notable reduction in formal cigarette consumption, the use of informal cigarettes such as beedi cigars remains a significant concern in Sri Lanka.Continued beedi consumption, especially among the poor, demands sustained efforts and innovative approaches to control tobacco use. A new publication by the Institute of Policy Studies of Sri Lanka (IPS) titled “Strategies to Curb Beedi and Smokeless T
Fonterra to proceed with sale process for Consumer businesses
BOI signs US$ 12.16mn deal with Celogen Lanka
Nissan to lay off thousands of workers as sales drop
EU Ambassador meets new BOI Chief to discuss economic ties
SLCERT warns WhatsApp users against sharing OTPs to prevent hacking
Political controversy erupts over exam questions on NPP
Selfies from trains ends in disaster