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Sri Lankan Business begin to feel the pinch from higher taxes

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.

SL’s banking sector faces asset quality issues amidst higher bad loans

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.

CID to take over investigation into fake fool proof liquor sticker

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 Ashok Leyland to supply 500 busses to Sri Lanka

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.

SL to set up international trade office and merge BOI and EDB

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

Breaking

 Taxi Mafia threatens Sri Lanka tourism amidst shaky law enforcement

Sri Lanka’s fragile tourism revival is facing an uncomfortable...

Shadow Imports Reshape Sri Lanka’s Software and Hardware Markets

 Sri Lanka’s software and computer hardware market is facing...

CycloneShock Halves Sri Lanka Vehicle Sales, Economic Ripples Ahead

Sri Lanka’s once-recovering vehicle market has suffered a sharp...

Credit Oversight Questions amid Cyclone-Strained Economic Recovery

The controversy surrounding foreign oversight of a bilateral credit...
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