IRD issues circular to banks about new Withholding Tax structure
Sri Lanka’s Inland Revenue Department has issued a new circular to banks and financial institutions detailing the new Withholding Tax…
Category: BUSINESS
Inland Revenue Dept. issues the list of VAT registration deactivated persons
Sri Lanka’s Inland Revenue Department has published the complete list of persons & businesses whose taxable supply has never exceeded…
New inclusions & exclusions of MBSL MIDCAP Index 2020 announced
New inclusions and exclusions of the MBSL MIDCAP Index 2020 have been announced. Accordingly, HNB Assurance, Sanasa Development Bank, Union…
ISM APAC appoints its first Sri Lankan Managing Director
ISM APAC, the regional arm of Netherlands based e-commerce company ISM e-Group, marked the dawn of a new era as…
CSE indices comparison for 2019: ASPI up 1.3-pct, S&P SL20 down 6.3-pct
Colombo Stock Exchange ended the year 2019 on Tuesday with a positive note, rounding up the gain of All Share…
CICT ends 2019 with 2.9mn TEUs, 40-pct of Colombo Port’s volume
Colombo International Container Terminals (CICT) has announced it handled a total of 2.9 million TEUs in 2019, achieving an 8.6…
Sri Lankan authorities dispute revision of outlook to Negative by Fitch Ratings
Sri Lankan authorities stress that the recent rating action by Fitch Ratings to revise the country’s Outlook to ‘Negative’ has…
Sep quarter earnings declined by 9.6-pct for 264 companies: FC Research
Sri Lanka’s First Capital Research says that quarterly earnings have been dipped for listed companies amidst weaker consumer spending albeit…
President appoints tech-studded ICTA board to drive digital Sri Lanka
In line with his vision for a Sri Lanka driven by technology, President Gotabaya Rajapaksa has appointed a tech-studded board…
Cabinet appoints 4-member committee to study MCC compact
Sri Lanka’s cabinet has decided to appoint an expert committee to study and look into the issues of the MCC…