Sri Lanka financial VAT surges as taxes overshadow retained profits in banks
Sri Lanka’s collection of financial VAT charged mainly on banks have surged over 400 percent to 40.4 billion rupees
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Tourist arrivals surge early May reaching 32% of 2025 target
1 – 13 May arrivals up 21.53% YoY
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LA 2028 Olympics plans air taxi service for spectators
Spectators could fly through the Los Angeles skies and escape the city’s notorious traffic during the
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Sri Lanka’s adventure tourism market to hit USD 2.1 billion by 2035:
The Sri Lanka hiking and trekking tourism market is poised for remarkable growth, with its market size estimated
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Sri Lanka, India’s EXIM Bank signs debt restructuring agreements worth USD 930mn
The bilateral amendatory agreements have been signed between the Government of Sri Lanka and the Export –
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Tariff jitters cast long shadow over SL’s rubber sector
The global rubber market is already feeling the tremors of policy uncertainty, with Sri Lanka caught in the
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World Bank provides US$ 1 bn to boost jobs and private sector growth in SL
The World Bank Group yesterday announced a major initiative to support job creation and unlock private sector
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Philippine Coconut Authority forecasts continued rise in coconut oil prices
Coconut oil prices are expected to continue rising due to global supply challenges and increased demand,
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Browns Investments Buys FLMC for Rs. 4.8Bn, Boosting Plantation Portfolio
Browns Investments PLC (BIL), the investment arm of LOLC Group, has acquired FLMC Plantations Ltd. for Rs. 4.8 billion,
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Government Revenue Rises 18% amidst High Spending in Early 2025
Sri Lanka’s state revenue rose 18% to Rs. 760.7 billion in the first two months of 2025, driven by increased tax
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