* UltraTech Cement customers benefit from recent tax revision Sat, Dec 14, 2019, 08:16 pm SL Time, ColomboPage News Desk, Sri Lanka. Dec 14, Colombo: UltraTech Cement Lanka (Pvt) Ltd welcomes the government initiative to reduce VAT and eliminate NBT. Its effect on the prices of construction material is expected to benefit the construction industry in Sri Lanka. … [Read more...] about UltraTech Cement customers benefit from recent tax revision
sri lanka
New Strongman President Extends Family Affair
Sri Lanka's new president may be a strong man, but can he strengthen the economy? Sri Lanka’s controversial former wartime defense chief, Gotabaya Rajapaksa, has been sworn in as the country’s new president in the first elections since the deadly Easter Sunday bombings earlier this year. Rajapaksa’s strong security credentials swayed an … [Read more...] about New Strongman President Extends Family Affair
Sri Lanka shares fall on profit taking; rupee down
COLOMBO, Dec 5 (Reuters) - Sri Lankan shares dropped on Thursday, weighed down by foreign sell-offs and profit-taking mainly in construction shares, while the rupee ended weaker. ** The Sri Lankan rupee fell 0.17% to 181.40/50 per dollar, compared to Wednesday’s close of 181.10/35, Refinitiv data showed. It is up 0.7% so far this year. ** The benchmark stock index closed down … [Read more...] about Sri Lanka shares fall on profit taking; rupee down
Sri Lanka shares fall to near one-week low; rupee gains – Agricultural Commodities
COLOMBO, Dec 4 (Reuters) - Sri Lankan shares dipped on Wednesday, weighed down by consumer staple companies and as foreign selling dented sentiment, while the rupee ended stronger. ** The Sri Lankan rupee rose 0.22% to 181.10/35 per dollar, compared to Tuesday’s close of 181.50/65, Refinitiv data showed. It is up 0.8% so far this year. ** The benchmark stock index closed down … [Read more...] about Sri Lanka shares fall to near one-week low; rupee gains – Agricultural Commodities
Sri Lanka: President Rajapaksa suspends parliament overnight ahead of snap elections, South Asia News
Sri Lanka's new president suspended parliament for a month from Tuesday ahead of snap elections he wants to call in March to consolidate his sweeping victory.Gotabaya Rajapaksa, elected president last month in a landslide, issued a proclamation overnight proroguing the legislature and said a new session will begin from January 3.Rajapaksa, 70, is hoping to ride a wave of … [Read more...] about Sri Lanka: President Rajapaksa suspends parliament overnight ahead of snap elections, South Asia News
Cinnamon Life to host exclusive forum with legendary investor Dr. Mark Mobius
* Cinnamon Life to host exclusive forum with legendary investor Dr. Mark Mobius Mon, Dec 2, 2019, 11:34 pm SL Time, ColomboPage News Desk, Sri Lanka. Dec 02, Colombo: Colombo's upcoming major mixed development, Cinnamon Life announced the visit of the legendary emerging markets investment pioneer, Dr. Mark Mobius for an exclusive breakfast forum hosted by the premier … [Read more...] about Cinnamon Life to host exclusive forum with legendary investor Dr. Mark Mobius
Sri Lanka shares steady at 17-month high on tax-cut optimism; rupee slips
COLOMBO, Dec 2 (Reuters) - Sri Lankan shares closed nearly unchanged on Monday, steadying at a 17-month high hit in the previous session, as positive sentiment surrounding tax cuts by the country’s new government continued to cheer investors, while the rupee ended weaker. ** The benchmark stock index closed 0.05% up at 6,215.23, its highest since June 25, 2018. The bourse … [Read more...] about Sri Lanka shares steady at 17-month high on tax-cut optimism; rupee slips
Daily Mirror – Eliminating burden of state-owned enterprises on Sri Lankan people
No-one seems to know precisely how many business enterprises the government owns. Official government figures suggest 55 businesses, but these are only those which are considered to be strategic.The Mid-Year Fiscal Position Report - 2019 issued by the Minister of Finance suggests that there are 422 state-owned enterprises (SOEs), whilst the a research based on data … [Read more...] about Daily Mirror – Eliminating burden of state-owned enterprises on Sri Lankan people
Daily Mirror – New Treasury Secy. pledges to restore Finance Ministry’s lost honour
New Treasury Secretary and Finance Ministry Secretary S.R. Attygalle assuming duties at Finance Ministry in the presence of senior Finance Ministry officials and Acting Inspector General of Police C.D. Wickramaratne The new Treasury Secretary and Finance Ministry Secretary S.R. Attygalle yesterday pledged to rebuild the lost honour and glory of the Treasury, working … [Read more...] about Daily Mirror – New Treasury Secy. pledges to restore Finance Ministry’s lost honour
Former top military official wins Sri Lankan presidential election
Former top military official wins Sri Lankan presidential election By K. Ratnayake 18 November 2019The Sri Lankan Election Commission announced yesterday that Sri Lanka Podujana Peramuna (SLPP) candidate Gotabhaya Rajapakse had won Saturday’s presidential election. Gotabhaya Rajapakse, an ex-army colonel and brother … [Read more...] about Former top military official wins Sri Lankan presidential election
