Sri Lanka to introduce new laws to protect investments
Sri Lanka’s President Gotabaya Rajapaksa vowed to bring in new laws to protect both local and foreign investors as the…
Category: Economy
Sri Lanka’s banks to show reluctance to absorb their subsidiary Finance Firms – Fitch Ratings
Sri Lanka’s banks would be reluctant to absorb their finance and leasing companies (FLC) due to the significant difference between their…
First Capital Research predicts a 50% chance for a policy rate cut
First Capital Research predicted a 50% chance for a policy rate cut by the Central Bank (CB) at its upcoming…
Central Bank defers repayment plans submitted by two illegal Finance Companies to depositors’ liabilities
The Monetary Board of the Central Bank (CB) has thrown out the time-bound repayment plans submitted by two illegal Finance…
The government to offer tax concessions for investments in REITs
The government plans to exempt investments in the housing market through Sri Lanka Real Estate Investment Trusts (SLREIT) to be…
Sri Lanka announces tax concessions for new listings at CSE
The government announced a proposal to grant 50 percent income tax relief for new listings at Colombo Stock Exchange (CSE).…
Sri Lanka announces Special Goods and Services Tax
The government announced a Special Goods and Services Tax (GST) to be introduced for telecommunication, alcohol, cigarettes, vehicles, and betting…
CHEC Port City Says no Colombo Port City Employees tested positive for COVID-19
The project company of the Port City, CHEC Port City Colombo today stressed any employees at the Port City site…
EDFI and European Investment Bank launch €280mn financing initiative to support COVID-hit biz in developing countries
As part of Team Europe’s response to the COVID-19 pandemic, 11 members of EDFI, the Association of European Development Finance…