Challenge in court if you want: Attygalle

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As the Government proceeds with the Budget 2021 proposal of increasing the retirement age despite concerns raised by the private sector,...

Sri Lanka’s bilateral trade with Nepal remain marginal

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Bilateral trade between Sri Lanka and Nepal remained marginal last year while there was potential to diversify Sri Lanka’s exports to...

Locally assembled KUV 100 Electric car to market this year

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Sri Lankan automobile industry will create history at the end of this year when the country will roll out its first...

Sri Lanka forex reserves at US$4.6bn in February 2021

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Sri Lanka’s forex reserves were estimated at 4.6 billion US dollars in February 2021, down from 4.8 billion a month earlier,...

Sri Lanka quarterly income tax payments rebounds to exceed 2019 level: Treasury Secy

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Sri Lanka’s quarterly income tax filed for the 2020 last final quarter had exceeded the 2019 number, despite lower rates showing...

Lanka Sugar Company posts Rs 1,200 m net profit in 2020

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Lanka Sugar Company which operates the Pelwatte and Sevanagala sugar factories recorded Rs.1,200 million net profit last year  from a net...

Lower margins, higher tax expenses overshadow Nestlé Lanka fourth quarter earnings

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Despite higher sales, Nestlé Lanka PLC, the local unit of Swiss food giant, reported lower earnings for the December 2020 (4Q20)...

Wages Board approves to increase the daily wage of plantation workers to Rs. 1000

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The Wages Board has approved a daily wage of Rs.900 and a budget allowance of Rs.100 per day for plantation workers,...

Sri Lanka domestic borrowings exceed deficit, repays Rs352bn to foreign lenders by Oct 2020

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Sri Lanka has repaid the equivalent of 352 billion rupees (about 1.9 billion US dollars) in foreign borrowings up to October...

Mixed outcomes at Treasury bond auctions2

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The Treasury bond auction conducted yesterday on the short tenure 01.12.2024 was undersubscribed at its 1st and 2nd phases as only...

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Sri Lanka forex reserves up US$471mn in April after China loan

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Sri Lanka’s forex reserves grew 471 million US dollars in April 2021 to 4,476 million US dollars from 4,055 million dollars...

China looking at Sri Lanka to fill and finish Sinopharm Covid-19 vaccines

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China is looking at contracting Sri Lanka biotech company to fill and finish Sinopharm vaccines in Sri Lanka the country’s embassy...

Sri Lanka finds Indian Coronavirus variant inside quarantine

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Sri Lanka has found the Indian SARS-Cov-02 variant in a returnee inside a Coronavirus quarantine centre for returnees researchers said.