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Thursday August 18th, 2022

Sri Lanka finance minister defends controversial retrospective tax

Sri Lanka's Finance Minister Ravi Karunanayake defended a controversial retrospective tax slammed on companies, amid fea...

January 31, 2015 7 min read

Sri Lanka chamber chief: not everyone in the private sector has ill-gotten gains

Not everyone in the private sector has ill-gotten gains, head of Sri Lanka's Ceylon Chamber of Commerce, after Finance M...

January 30, 2015 1 min read

Sri Lanka JKH December net up 28-pct

EconomyNext - Sri Lanka's John Keells Holdings said net profit rose 28 percent to 4.33 billion rupees in the third quart...

January 30, 2015 2 min read

Sri Lanka's inflation rises to 3.2-pct in January 2014

Sri Lanka's inflation accelerated to 3.2 percent in January 2014 from 2.1 percent in December, with a sharp rise in food...

January 30, 2015 1 min read

Sri Lanka stocks plunge 2.7-pct on 'super gain' tax shock

EconomyNext - Sri Lankan stocks suffered their steepest fall in almost four years Friday, down 2.7 percent, with 83 bill...

January 30, 2015 2 min read

Sri Lanka JKH to build resort without casino, but "engage" govt

EconomyNext - Sri Lanka's John Keells Holdings said it will go ahead with its Waterfront property project despite the ne...

January 30, 2015 2 min read

James Packer's Crown abandons US$400mn Sri Lanka casino project

James Packer's Crown group has dropped plans to build a 400 million US dollar casino hotel in Sri Lanka's capital Colomb...

January 30, 2015 1 min read

Sri Lanka's Textured Jersey profit margins improve

EconomyNext - Better sales and profit margins enabled Textured Jersey Lanka's net profit to shoot up 25 percent to 376 m...

January 30, 2015 2 min read

Sri Lanka stocks plunge after budget; bonds quiet, rupee held

Sri Lanka stocks plunged Friday, bond markets were quiet and the rupee remained under pressure in the aftermath of a bud...

January 30, 2015 1 min read

Sri Lanka stock exchange to educate pensioners on investing

EconomyNext - The Colombo Stock Exchange (CSE) is to launch an awareness programme to provide pensioners with a sound un...

January 30, 2015 2 min read

Sri Lanka stocks plunge over 2.0-pct after one-hour of trading

Sri Lanka stocks plunged more than 1.5 percent on opening, after a budget by the Sirisena administration slammed multipl...

January 30, 2015 1 min read

Over 20 Sri Lanka listed firms to be hit by super tax, telcos take multiple blows

Over 20 listed companies would be hit by a proposed 'super gains' tax on large firms while telecom firms would take mult...

January 30, 2015 2 min read

Sri Lanka targets TV channel connected to Rajapaksa family

Sri Lanka has a slammed a billion rupee tax on sports television channel while steps have also been announced to take ba...

January 30, 2015 2 min read

Sri Lanka to combat revenue losses from sin taxes

Sri Lanka will take a series of measures to stop an estimated 50 billion rupees lost from non-tax paid alcohol and will ...

January 30, 2015 2 min read

Sri Lanka Customs to work round-the-clock, scanning mandatory

EconomyNext - Sri Lanka's Customs service will work round-the-clock in future, helping improve the efficiency of the isl...

January 30, 2015 1 min read

Sri Lankan Airlines to return Airbus VIP kit

EconomyNext - SriLankan Airlines is to return a VIP conversion kit that transformed Airbus passenger aircraft into a lux...

January 30, 2015 2 min read

Sri Lankan shares slump on 'Robin Hood' budget

EconomyNext - Sri Lankan shares ended weaker Thursday, led by losses in John Keells Holdings which nosedived after its c...

January 29, 2015 2 min read

Sri Lanka slams one-off levies on telcos, satellite broadcasters

January 29, 2015 1 min read

Sri Lanka overall public sector debt 88.9-pct of GDP : finance minister

Sri Lanka's overall public sector debt including debt taken by state enterprises was 88.9 percent of gross domestic prod...

January 29, 2015 1 min read

Sri Lanka to probe tax-arbitraging car assemblers

The government will probe car assembly firms in Sri Lanka for alleged tax avoidance, Finance Minister Ravi Karunanayake ...

January 29, 2015 2 min read