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Govt aims at tax-to-GDP ratio of 20%

Sri Lanka, Dec. 21 -- * Regional average stands at around 20% * Greater attention on tax evasion and avoidance *Widening tax base, simplification of tax system and improving tax administration critica... Read More


Maldives extends hand to Sri Lanka to rebuild ties

Sri Lanka, Dec. 21 -- * Sri Lanka exports only around 3.47% of its export potential to the Maldives *Maldives envoy appeals to Government to reopen doors of friendship with the Maldives Maldives Amba... Read More


Port City can be an alternative to financial hubs such as Singapore and Dubai - Thulci Aluwihare

Sri Lanka, Dec. 14 -- Deputy Managing Director of CHEC Port City Colombo, Thulci Aluwihare said that Port City Colombo can be positioned as a potential alternative to financial hubs such as Singapore ... Read More


Insurance industry geared to meet challenges of natural calamities

Sri Lanka, Dec. 14 -- Leveraging AI-driven models, satellite data, and technology for crop insurance. Improving risk management and resilience. Stresses need for greater awareness on importance of ins... Read More


The nation will rise again - Premier

Srilanka, Dec. 7 -- The Government will not budge from its vision and plan for the country and will stick firmly to its economic growth targets despite all odds, said Prime Minister Dr. Harini Amarasu... Read More


Dearth of workers hits reconstruction work

Srilanka, Dec. 7 -- The construction industry, a pivotal cog in the economy, will have a larger role to play in the post-disaster recovery of the country which is said to be an uphill task according t... Read More


Palm Oil Industry Assn. renews call to lift ban on crop

Sri Lanka, Nov. 30 -- The Palm Oil Industry Association of Sri Lanka (POIA) renewed its call on the authorities last week to lift the ban on the highly lucrative palm oil plantation in the country con... Read More


US tariff adjustment easing pressure on trade -CBSL

Sri Lanka, Nov. 30 -- Sri Lanka will not be impacted by the global interest rate changes next year as the country has no exposure to the external interest rates, said Central Bank (CBSL) Governor Dr. ... Read More


Ditwah costs an arm and a leg to economy

Sri Lanka, Nov. 30 -- Impact on lives and livelihood enormous l No district spared by storms and floodwaters Heavy rains coupled with the cyclone Ditwah that lashed across the country for nearly a wee... Read More


AI will not replace jobs

Sri Lanka, Nov. 16 -- Artificial Intelligence (AI) will not replace jobs but rather create more job opportunities forcing employees to work smarter, efficiently and creatively, said Founder 99X, Mano ... Read More