Air Arabia cancels flights to Mattala from May Air Arabia, the first foreign carrier to operate...
Sri Lanka recommences train services in a section of the Northern Railway Sri Lanka on Tuesday recommenced train services on...
Sri Lanka’s Treasury bill rates moved up at the weekly auction held today.
The three month rate climbed by three basis points to reach 10.66%, while the six month rate rose to 11.83% from last weeks rate of 11.77%.
The one year Treasury bill rates climbed up to 12.37% from 12.29% recorded, a week ago
The auction received [...]
A Sri Lankan effort to invest in Indian port projects will be considered as a threat by India, a media report said.
The story comes out following a statement made by SLPC Chairman Dr. Priyath Wickrama to Economic Times of India, where he has stated Sri Lanka is interested to invest in Indian port projects.
“We are [...]
Sri Lanka and India is planning to establish a ‘Joint Task Force’ to further promote commercial relations between the two countries.
The Joint Task Force, once in place will focus on promoting mutual trade between the two countries and also focus on promoting Indian investments into the country.
The Task Force which will consist of public and [...]
Sri Lanka is currently in the process of finding a potential Minter to mint 550 million coins of different denominations to be supplied within a three year period, starting from 2013.
The pre-bid meeting with the bidders was held today and the Central Bank sources said, several Minters from many countries came forward with their bids.
The [...]
Sri Lanka’s Treasury bill rates fell down at the weekly auction held today with the three month tenor bill seeing the steepest decline of 37 basis points from last weeks rate of 11%.
The six month rate fell by 33 basis points to stand at 11.77% while the one year rate came down to 12.29% from [...]
Sri Lanka has raised ‘Excise Duties’ on Cigars, Cigarettes, Liquor and Ethyl alcohol.
The duties are revised with effect from the 6th October, 2012.
With this revision, retail prices of Wine, Arrack, Foreign Liquor and Malt Liquor (Beer) have gone up along with the prices of several other products.
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Sri Lanka is planning to establish 20 Immigration and Emigration counters at the proposed Mattala Airport in Hambantota, which is now under construction.
The government says, those counters will be of international standards and will consist ten counters for departure activities and 10 for arrivals.
Rs. 62 million has been allocated to [...]
Sri Lanka is planning to build 65,000 Housing Units to relocate shanty dwellers living in under-served settlements in the capital Colombo.
The government is planning to set up those proposed housing units in 15 identified blocks of state land in the city.
Those units in high rise apartments will be built with all common amenities required for [...]
Sri Lanka has decided to hold a ‘Tax Week’ annually in a bid to encourage the public to comply with the country’s taxation system.
The proposed week to be held every year from the 1st of November to 8th November, is also aiming to educate the public on the available tax reliefs and tax holidays, which [...]
Sri Lanka has appointed Bashwara Senanka Gunarathna to head the country’s Tourism Development Authority in place of Dr. Nalaka Godahewa who resigned from the post, recently.
Gunarathna, whose appointment comes into operation with immediate effect, will continue to function as the Chairman of the Sri Lanka Tourism Promotion Bureau.
He also functions as the Director General of [...]
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