You are viewing Business & Financial News

Sri Lankan Apparel Industry’s  Recovery hits $415.6M

Sri Lankan Apparel Industry’s Recovery hits $415.6M

By Posted on 0 Comments4min read580 views

Sri Lanka Apparel Industry is set to recover from the downturn seen in the last few ...

AI will affect up to 40% of jobs worldwide-IMF Chief says

AI will affect up to 40% of jobs worldwide-IMF Chief says

AI will affect 40% of jobs worldwide, replacing some and complementing others. We need a careful balance ...

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

By Posted on 0 Comments3min read254 views

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.

Share

Sri Lankan Sapphires shine in Louis Vuitton’s Spirit High Jewellery Collection 2024

Sri Lankan Sapphires shine in Louis Vuitton’s Spirit High Jewellery Collection 2024

By Posted on 0 Comments3min read485 views

Sri Lankan Sapphires have always shone in the ever-evolving world of high end jewellery. The island ...

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

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

By Posted on 0 Comments3min read415 views

Sri Lanka's VAT is poised to achieve a significant boost in revenue, anticipating a whopping ...

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

By Posted on 0 Comments3min read407 views

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.

Share

Sign up with your email address to receive news and updates!