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Listed companies March quarter earnings record 135 percent  increase

Listed companies combined March quarter earnings posted a whopping 135 percent  increase year on year to Rs. 262 billion largely on account of substantial forex gains, First Capital Research revealed yesterday. Quarter on Quarter up 51% to Rs. 173.2 billion.

WFP says 66  percent  Sri Lankans reduce their daily meals

The World Food Programme (WFP) says 66 percent of Sri Lankans surveyed have been found to have reduced the number of meals eaten daily.

SL Public Sector  Accounting and Audit training strengthen with US aid

The U.S. Government, through its development agency, the U.S. Agency for International Development (USAID), is partnering with the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Association of Public Finance Accountants of Sri Lanka (APFASL) to strengthen Sri Lanka’s accounting and auditing sectors.

U.S DFC  approves US$120M in new Loans to improve Sri Lanka economy  

The Embassy of the United States of America announced today that the U.S. International Development Finance Corporation (DFC) Board of Directors has approved $120 million in new loans to grow and support the Sri Lankan economy.

Govt offers special 40-year tax amnesty for Port City investors

Cash strapped Sri Lanka is to provide  special 40-year tax amnesty for Chinese-built Colombo Port city to attract potential investors as it has so far failed  to attract major foreign direct  investments after the much-hyped since its opening for investors nearly one year ago, a senior treasury official said.

Breaking

SL Government’s Cannabis Export Plan Faces Fierce Protests despite Gains

Sri Lanka’s first legal cannabis cultivation project for medicinal...

Sri Lankan Banks Post Record 1H Profits as Recovery Gains Pace

Sri Lanka’s banking sector has delivered a landmark performance...

Sri Lanka’s Gem Sector Brightens with Bold New Gazette Reforms

Sri Lanka’s gem and jewellery industry has welcomed a...

X-Press Feeders Slams $1bn Supreme Court Order Over X-Press Pearl Disaster

Singapore-based X-Press Feeders has strongly criticised the Sri Lankan...
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