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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.
US grants $27 million to strengthen Sri Lanka’s dairy industry
The US Department of Agriculture has given its consent to allocate financial assistance for the implementation of market-oriented milk production project in Sri Lanka.
The...
SL import expenditure declined for the second consecutive month in April
Sri Lanka’s expenditure on imports has declined, year-on-year, for the second consecutive month in April as curb measures by the Central Bank kicked in whilst higher exports helped cut the trade deficit
Worker remittances to Sri Lanka gain momentum in May
Worker remittances to Sri Lanka recovered in May from April levels, but still stand significantly below what the country received a year ago, Central Bank sources said.