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Sri Lanka
Sri Lanka IT conference to attract investors for local companies
Sri Lanka’s apex ICT body has projected a substantial boost of 15 billion US dollars to the country’s gross domestic product through the expansion of the digital economy by 2030
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Sri Lanka sees Rs 100bln shortfall from IMF revenue target
Sri Lanka’s state revenue has seen a shortfall of 100 billion rupees as of now compared to the revenue target agreed with the International Monetary Fund (IMF), State Finance Minister Ranjith Siyambalapitiya said
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CPC to implement daily automated price revisions from next year
State run Ceylon Petroleum Corporation (CPC) is planning to implement a daily automated price revising system from next year, Minister of Power and Energy Kanchana Wijesekera said
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Parliament passes DDR linked superannuation tax
Sri Lanka’s Parliament on Thursday (7) passed a bill to hike income tax that will force superannuation funds to agree to a restructuring of bonds in the Employment Provident Fund (EPF) and other pension funds
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Sri Lanka has issued 538 soft alcohol licences to boost tourism
Sri Lanka has issued 538 soft alcohol licences under regulations started in 2022 to support the tourism sector, State Minister for Finance Ranjith Siyambalapitiya said
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Sri Lanka union reps ask to exclude EPF, pension funds from DDR
Contributors to the Employees Provident Fund (EPF) who met central bank officials have requested that EPF, ETF (Employees Trust Fund) and pension funds be excluded from debt restructuring
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SC determines Sri Lanka’s Inland Revenue (amendment) bill can be passed by simple majority
Sri Lanka’s new Inland Revenue (Amendment) Bill is not inconsistent with the Constitution and can be passed in Parliament by a simple majority, the Supreme Court has determined
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Sri Lanka’s CB chief rated ‘A’ by GFM for inflation control
Sri Lanka’s Central Bank Governor Nandalal Weerasinghe has been rated ‘A’ by prestigious Global Finance Magazine (GFM), the central bank said
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Sri Lanka hikes petrol to Rs361, diesel to Rs341
Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) , hiked the prices of Octane 92 Petrol by 13 rupees to 361 rupees a litre and Auto Diesel by 35 rupees to 417 rupees effective midnight Thursday (31)
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Sri Lanka’s key inflation rate eases to 4% in August
Sri Lanka's key inflation rate eased to 4% in August from 6.3% a month ago, the statistics department said on Thursday (31), marking continued stabilization for the crisis-ridden economy
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