A special meeting was held Yesterday (11) at the Presidential Secretariat to address relief measures for Small and Medium Enterprises (SMEs) facing financial challenges.
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The 26th Annual Tax Oration, organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka),
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The Sri Lankan footwear industry is facing severe challenges due to a surge in low-cost, illegally imported shoes that avoid taxes, according to industry sources.This influx threatens local manufacturers, despite their capability to meet the entire domestic demand.
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The Sri Lankan government has made significant strides in revitalising the local dairy sector, with a particular focus on Milco Pvt Ltd (MILCO), the country’s leading dairy producer.
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The new government plans to establish the right economic system giving priority to increase accountability and efficiency of public sector institutions especially State owned Enterprises (SOEs),
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Chinese companies have become key players in Sri Lanka’s housing sector, taking on numerous large-scale construction projects across the island, particularly in urban areas and regions affected by conflict or natural disasters.
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Worker remittances for October continued to come in stronger against both a month ago as well as a year ago period helping both the foreign currency reserves and the rupee to remain strong.
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Private sector credit demand in September lagged from a recent high in the previous month.
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Behind the News
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Sri Lanka has recorded an 11.7% increase in workers’ remittances from January to October 2024 compared to the same period in 2023, according to latest figures released by the Central Bank of Sri Lanka (CBSL).
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