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Minister Gammanpila shares positive message after fuel credit negotiations with UAE

Negotiations between Sri Lanka and the Group CEO of Emirate National Oil Company (ENOC) Saif Al Falasi have concluded on a positive note, Minister...

Sathosa increases sugar quota for per person

State-owned retail network Lanka Sathosa has revised the quantity of sugar permitted to be sold to per person to 5kg. Earlier, only 3 kilograms of...

Cabraal appointed CB Governor

Former State Minister Ajith Nivard Cabraal has been appointed as the Governor of the Central Bank of Sri Lanka by the President with effect...

Govt seeks US$ 500m loan from WB for road and agri projects

The Government has sought a US$ 500 million loan from the World Bank for the construction of rural roads and an agricultural project, a...

5% : Minister Bandula proposes new monthly tax to operate public services during Covid

A 5% tax must be imposed on people earning over Rs. 100,000 as a monthly allowance in order to operate public services such as...

CBSL imposes 100% cash margin deposit on selected goods including mobiles, TVs

The Monetary Board of the Central Bank of Sri Lanka, has decided to impose a 100 percent cash margin deposit requirement against the importation...

Customs approve Rs. 46.43Bn exports, netted Rs.9.34bn revenue during quarantine curfew: Spokesman

Sri Lanka Customs has approved exports valued at Rs.46.43 billion and collected import taxes amounting to Rs. 9.34 billion during the quarantine curfew period,...

SL to launch program to attract Russian and Ukraine tourists

Tourism Minister Prasanna Ranatunga said that Sri Lanka has launched tourism promotion initiatives with Russia and Ukraine under the Government's program to uplift the...

SL’s cardboard coffins attract Vietnam buyers; place first order

The first order for the first ever project to produce coffins made out of cardboard by Dehiwala-Mt. Lavinia Municipal Council, member Priyantha Sahabandu said. He...

Ethiopia to create local rival to Facebook, Twitter, WhatsApp

Ethiopia has begun developing its own social media platform to rival Facebook, Twitter and WhatsApp, though it does not plan to block the global...

Apparel industry urges not to scuttle delivery under the pretext of Covid-19 prevention

Sri Lanka Chamber of Garment Exporters, which represents the SMES in the apparel industry stressed the need to proceed with manufacture of garment products...

India Sotheby’s clocks record sales of multi-million dollar homes in India, Sri Lanka

Despite the pandemic induced lockdown, India Sotheby’s International Realty (India SIR) has concluded over 50 transactions of million-dollar-plus homes worth $300 million in India...

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