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India pledges its commitment to boost investment flows to Sri Lanka
The visiting External Affairs Minister S. Jaishankar has pledged to boost Indian investment flows when he held talks with his Sri Lankan counterpart Ali Sabry soon after his arrival in Colombo.
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.