Excise proposes settlement of 50% defaulted tax to restore production licence of W. M. Mendis and Co.
Making a fresh approach towards the stagnating tax issue of staggering Rs.5.8 billion defaulted by the local liquor giant W. M. Mendis and Co. Ltd. the newly appointed Excise Chief has proposed a way-out to settle 50% of the arrears to reactivate its suspended production licence, the Daily Mirror learns.
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The Sanchi Maha Bodhi Festival joins India’s national festival calendar.
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5opn1
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December 24, 2024
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News, Travel and Tourism
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The Sanchi Maha Bodhi Festival has been added to the National Festival Calendar issued by the Government of India by naming the various religious and cultural festivals held in India as National Festivals from this year.
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SL Merchandise and service exports record US$ 1,269.33 million
Sri Lanka’s total export performance for November 2024, encompassing both merchandise and services, reached a value of US$ 1,269.33 million, marking a slight increase of 0.04 per cent compared to the same month in 2023.
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Adani exploring ways to sell Bangladesh-bound power to Sri Lanka
Adani Power is exploring ways to sell the Bangladesh-bound power, produced at the Godda plant in India’s Jharkhand state, to neighbouring countries such as Sri Lanka.
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SL stock market sees over 35-pct growth under new Government
Sri Lanka’s main stock index in the Colombo Stock Exchange has seen more than 35 percent growth and the daily turnover has more than doubled since the presidential election and analysts cites the return of confidence as the key reason.
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PATA Chief says Sri Lanka’s tourism sector charts pathway to growth
Pacific Asia Travel Association (PATA) CEO Noor Ahmad last Friday said Sri Lanka’s tourism sector is charting a path towards prosperity and growth, whilst praising its unique offerings and need for innovation and collaboration.
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Treasury Secretary gets Authority to borrow and issue debt securities
The authority to borrow and issue debt securities, both domestically and internationally, in local or foreign currency on behalf of the Government of Sri Lanka, has been delegated to the Secretary of the Treasury.
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Licence ready, Elon Musk’s Starlink yet to import devices to start operation
Despite Elon Musk’s Starlink, the satellite unit of SpaceX, being granted licence to operate in Sri Lanka, the organization is yet to apply for the import of devices to be used in connecting to the service, a top source said.
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Western province leads economic contribution to 2023 GDP with 43.7% share
North Western and Central provinces accounted for 10.9% and 10.3%, respectively
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Sri Lanka cracks down on Fraudulent Financial Schemes
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