Former chairman of the Public Utilities Commission Janaka Ratnayake said his projection that the CEB’s expenditure for 2023 would be Rs. 575 billion has been proven correct.
Sri Lanka President Ranil Wickremesinghe extended Special Commodity Levy (SCL) for a raft of products including yogurt, butter, big onion, apples, oranges, and some fish from December 01.
In a groundbreaking move towards modernisation and convenience, People’s Bank has proudly announced the successful implementation of a cutting-edge payment acceptance solution for the Ministry of Justice.
It has been decided that the China Petroleum and Chemical Corporation (SINOPEC) will be awarded the contract to establish a new petroleum refinery and associated product processing centre in Hambantota, Minister of Power and Energy Kanchana Wijesekera revealed.
RIOCOCO Lanka Private Limited has donated a high-tech computer laboratory to Nalanda College in Colombo, at a cost of more than Rs. 20 million.
As the shortage of sugar in the local market continues to prevail, the Consumer Affairs Authority (CAA) has removed the maximum retail price (MRP) imposed on the product.
Income of apparel sector investors has dropped by 25 percent due to a decline in orders and an increase in electricity and other expenses, said secretary of the association of FTZ investors Dhammika Fernando.
Sri Lanka’s Central Bank Governor Nandalal Weerasinghe says the government has shared the terms of a $4.2 billion China debt deal with its other creditors, according to Bloomberg News.
Distilleries Company of Sri Lanka PLC (DCSL) announced yesterday (17) it has signed a Sales and Purchase Agreement with HEINEKEN Asia Pacific Ltd. to acquire the latter’s Sri Lankan operations.
It is for the first time that a Rs. 50 billion budgetary allocation has been made for the development of small and medium enterprises, said president of the chamber of SMEs Nawaz Rajabdeen.
