Sri Lanka's only national business newspaper | Daily FT
DHL Global Forwarding unveils new 85,000 square feet centralised warehouse facility in Sri Lanka . Monday, 23 December 2024 00:00. DHL Global Forwarding has taken a significant step forward in enhancing Sri Lanka’s logistics landscape with the launch of a new 85,000-square-foot ..
Sri Lanka's only national business newspaper | Daily FT
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Sri Lanka's only national business newspaper | Daily FT
CEAT launches new paradigm “Europe Range” of high performance radial tyres in Sri Lanka . Thursday, 19 December 2024 01:31. Sri Lankan automobile enthusiasts can now access global-standard, high-performance radial tyres with the launch of the “Europe Range” by CEAT Kela ..
Tax changes amidst necessity for fiscal discipline | Daily FT
1 天前 · Last week, President Anura Kumara Dissanayake announced a set of tax changes which will come into effect from 1 April next year. The announcement was followed by Fitch Ratings credit upgrade which elevated Sri Lanka’s foreign currency rating out of Restricted Default (RD) status to CCC+ in view of the successful conclusion of the sovereign bond restructuring arrangement. A key feature of ...
Sri Lanka’s framework for combatting money laundering and …
1 天前 · Sri Lanka’s efforts in terms of combatting money laundering and terrorism financing came under spotlight on Monday at a high-level review involving the Government and the Central Bank officials. The high-level discussion on the critical preparations for Sri Lanka’s upcoming Mutual Evaluation (ME) by the Asia/Pacific Group on Money Laundering (APG) was held under the patronage of President ...
Sri Lanka Tourism optimistic of reaching ‘unreachable’ targets by …
1 天前 · By Charumini de Silva Sri Lanka Tourism Development Authority (SLTDA) Chairman Buddhika Hewawasam last Friday expressed optimism about reaching previously ‘unreachable targets’ by 2029, whilst celebrating the sector’s resilience and significant recovery. Speaking at the National Tourism Awards 2024, which shone a spotlight on the sector’s best contributors, he opined that the ongoing ..
World Bank ups Sri Lanka’s growth projection from 2.2% to 4.4
2024年10月11日 · The World Bank yesterday announced that Sri Lanka’s economy has shown signs of stabilisation, projecting growth to surpass the earlier estimate of 2.2% now expected to reach 4.4% in 2024. This positive outlook follows four consecutive quarters of growth, primarily driven by the industrial and tourism sectors. The findings were part of the multilateral donor’s bi-annual report, ‘Sri Lanka ..
President announces PAYE tax relief | Daily FT
2024年12月18日 · President Anura Kumara Dissanayake making a special statement in Parliament yesterday announced significant relief for professionals through adjustments to the Pay-As-You-Earn (PAYE) tax structure, as part of broader measures aimed at …
Sri Lanka’s road to global competitiveness: Insights from trade, …
2024年10月22日 · In 2023, Sri Lanka’s goods and services exports made up nearly 20.4% of GDP, with manufacturing exports contributing 14%. However, the country’s merchandise export mix remains highly concentrated, with 77% of export income coming from industrial goods, mainly apparel, and just 22% from agricultural exports. ..
Political rupture in Sri Lanka: What lies ahead? | Daily FT
2024年10月8日 · 21 September was a day of many firsts in Sri Lanka. Millions of people went to the polls to vote in the first Presidential elections since mass protests forced the country’s last elected president, Gotabaya Rajapaksa, from office in 2022. 1, 2 It also marked the first time in Sri Lanka’s history that a second round of counting had to take place after none of the candidates secured the 50% ...