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Benefits of Using Temporary Mail

Benefits of Using Temporary Mail Situations Where Temporary Mail is Useful Limitations of Temporary Mail While temp mail services offer a range of benefits, there

Apparel industry
Business & Financial News

Sri Lankan Apparel Industry’s Recovery hits $415.6M

December marked the highest ever performance in a year though the industry ended 2023 with negative growth.

Exports in December amounted to $ 415.6 million as per provisional data from the Joint Apparel Association (JAAF). The December 2023 figure is the highest since December 2022’s tally of $ 451 million. 

Central Bank of Sri Lanka
Business & Financial News

Central Bank of Sri Lanka Unveils A Vision of Economic Resilience for 2024

Central Bank of Sri Lanka, in a groundbreaking announcement, revealed its strategic vision for 2024, focusing on the adoption of a singular policy rate mechanism. The move aims to bolster economic recovery while concurrently sustaining a low-interest environment and advancing key initiatives like the International Monetary Fund (IMF) program, external debt restructuring, and comprehensive reforms.

Sri Lanka’s VAT targets to meet LKR 1,400 Billion in 2024

Sri Lanka’s VAT is poised to achieve a significant boost in revenue, anticipating a whopping 1,400 billion rupees from the Value Added Tax (VAT) in the fiscal year 2024. This optimistic projection comes in the wake of strategic measures taken to expand the tax base and implement a rate hike, as revealed by officials from the President office in Colombo.

Sri jLanka construction industry
Business & Financial News

Sri Lanka’s Construction Industry to face challenges with VAT Rise

The recent surge in Value Added Tax (VAT) in Sri Lanka has cast a shadow over the construction industry, heralding a challenging period ahead. As the government implements this tax increase, the construction sector finds itself grappling with heightened financial pressures. This surge in VAT is expected to have a cascading effect, influencing various facets of the industry, from project costs to overall investment climate.

The convenience of contactless payments

Given the convenience of contactless payments, Sri Lankans now simply tap their cards to pay while checking out at a retail store, without the hassles