Freelancers and individuals in Sri Lanka who earn foreign exchange by providing services to external clients will be subject to a 15% services export tax, according to a tax expert.
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Sri Lanka has not been informed in writing by USAID about cancelling projects with the government, Deputy Minister of Finance and Planning, Harshana Suriyapperuma said.
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A 1.3 million euro project, funded by the European Union, aims to bolster crisis preparedness within communities across selected Sri Lankan districts and Maldivian islands.
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Access Logistics Park Ekala (Pvt) Ltd, a fully owned subsidiary of Access Engineering PLC, has entered into a power purchase agreement (PPA) with the Ceylon Electricity Board (CEB), the company said.
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Sri Lanka is seeing new entrants and products in several markets with the central bank helping drive down costs with currency stability, a top player in fast moving consumer goods, stationery and healthcare.
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Deputy Minister of Finance and Planning, Dr. Harshana Suriyapperuma disclosed in Parliament today (25) that SriLankan Airlines has been paying USD 900,000 per month in installments for three aircraft that remains unutilised for several years.
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The Ministry of Industries is gearing up to launch a nationwide SME incubator system campaign backed by the Rs. 1 billion allocation dedicated for research and development (R&D) commercialisation under the government’s 2025 budget.
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Sri Lanka has earned 26.23 billion US dollars through exports of goods and services, including tourism and labour in 2024, up 12.6 percent from 23.29 billion a year earlier, data from the central bank shows.
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The Export Development Board (EDB) is set to launch eight regional export hubs this year as part of a broader initiative to strengthen Sri Lanka’s export sector and enhance its contribution to the national economy.
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The Secretary to the Ministry of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha, says he has issued an order for the immediate arrest of all deserters from the security forces.
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