BUSINESS

USAID, ADB join hands to assist Sri Lankan women in energy sector

By: Staff Writer Colombo (LNW):The USAID’s Sri Lanka Energy Project and the Asia Development Bank (ADB) have collaborated to launch the Sri Lanka National Chapter...

Duty-free allowance for expatriate workers rises with remittance increase

By: Staff Writer Colombo (LNW): Sri Lanka is targeting $1 billion monthly foreign inflow from worker remittance by end-2023 with more people leaving the island...

Sri Lanka begins commercialization of wonder material, graphene

Sri Lanka is set to begin commercialization of wonder material, graphene which is extracted from the locally mined world's best high pure graphite using the latest technology by LOLC subsidiary Tech company in collaboration with a leading global company.

Govt. to introduce new amendments to Inland Revenue Act to broaden tax base

The government is set to widen the tax base rather than increasing tax rates without adverse impacts on the processes of investment and on living conditions of the low and middle income groups in Sri Lanka.

Foreign oil companies to commence retail fuel sales in Sri Lanka by June

A year after crisis-hit Sri Lankans stood in long queues outside fuel stations, foreign oil companies will be able to sell fuel in the island nation at a lower rate than what the state-owned oil firm sells at present, Energy Ministry sources said.

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