ECONOMYNEXT – Taxes foregone due to investment relief given through a Strategic Development Project Act was 1,085 million rupees, according...
ECONOMYNEXT – Sri Lanka has lost 23.94 billion in corporate taxes in 2022 from concessions given to Board of Investment approved companies compared to higher corporate...
ECONOMYNEXT- Sri Lanka’s average coconut price fell 2.6 percent to 72,030 per 1,000 nuts at an auction on March 7, data from the island’s Coconut Development...
ECONOMYNEXT – The net assets of Sri Lanka’s central bank fell to 11.1 billion rupees in December 2023 from 25 billion rupees a month earlier, according...
ECONOMYNEXT – Fitch Ratings said it had affirmed Dialog Finance PLC’s (DF) National Long-Term Rating of ‘AA(lka)’. The outlook is stable. “We believe DF has a...
ECONOMYNEXT – Fitch Ratings said it has affirmed Singer Finance (Lanka) Plc’s (SFL) National Long-Term Rating of ‘BBB(lka)’. The outlook is stable. Fitch also affirmed SFL’s...
ECONOMYNEXT – Sri Lanka is still negotiating the power purchase price with India’s Adani group, Energy Minister Kanchana Wijesekera said, amid concerns about the government procurement...
ECONOMYNEXT – Sri Lanka’s central bank is making profits from printing money and the balance goes to the consolidated fund according to its own law, Harsha...
ECONOMYNEXT – A steep salary hike by the central bank outside parliament’s control of public finances has come under fire at a meeting of legislators at...
ECONOMYNEXT – Sri Lanka rupee opened stronger at 307.50/90 levels from yesterdays close of 307.90/95 and moved down to 307.90/308.10 levels amid official purchases, market participants...