Sri Lankan Business enterprises have started to feel the pinch from higher taxes, even before the new and elevated corporate income tax came into effect from January 1.
Sri Lanka’s banking sector, already facing pandemic-related asset quality challenges, has been further hit by its increasing exposure to the sovereign debts, several banking and finance analysts claimed.
The Criminal Investigation Department is set to take over the investigation into alleged malpractices in the introduction of fool proof liquor with QR code for all liquor products without addressing practical issues and mal practices in the implementation of this scheme.
India's heavy commercial vehicle maker Ashok Leyland on Wednesday announced that it has bagged an order from the Sri Lanka Transport Board to supply 500 buses.
The Government is to set up an international trade office to boost exports and promote Foreign Direct Investment (FDI) following the enactment of International Trade Office Bill in parliament