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Tag: Sri Lanka

Posted on December 27, 2024

Sri Lanka withholding tax hike on bank deposits is deductible, not final: Minister

A hike in Sri Lanka’s bank deposits is a tax credit that can be deducted when a person files an income tax return and it is not an increase in the final income tax, Deputy Finance Minister Anil …
Posted on December 26, 2024

My family skipped Christmas at home and went to Sri Lanka for a month. Instead of forced traditions, we enjoyed much-needed family time.

From Elf on the Shelf to cookie swaps, matching pajama sets, ugly sweater office parties, and countless other traditions, the holidays can be the most wonderful — and exhausting — time of the year.

( read original story …)



Posted on December 26, 2024

Indonesia and Thailand mark 20 years of devastating Boxing Day tsunami with sombre ceremonies

People gathered in prayer and visited mass graves in Indonesia, Thailand, Sri Lanka, and India to mark 20 years since 228,000 people were killed in one of the worst natural disasters in modern history …
Posted on December 25, 2024

Call for radical reforms to modernize Sri Lanka’s financial system

WSO2 Founder and CEO Sanjiva Weerawarana called for radical reforms to modernize Sri Lanka’s financial system, proposing a cap on cash …
Posted on December 24, 2024

India to fund projects worth Rs 237.1 cr in Sri Lanka’s eastern province

India is to provide Rs 2,371 million to Sri Lanka for 33 development projects in education, health and agriculture sectors in the eastern province, it was announced on Tuesday.
Posted on December 24, 2024

India Strengthens Ties with Sri Lanka Through Development Projects

India is set to provide Rs 2,371 million to Sri Lanka for 33 development projects across education, health, and agriculture sectors in the eastern province. The initiative aims to boost socio-economic …
Posted on December 24, 2024

Moody’s upgrades Sri Lanka’s rating to ‘Caa1’ after creditors’ approval of $12.55 billion debt restructuring

Moody’s rating hike action comes after the review, which started last week. The rating upgrade to ‘Caa1’ marks a stable outlook for the island nation of Sri Lanka, reported Reuters.
Posted on December 23, 2024

Moody’s Joins Fitch in Upgrading Sri Lanka on Debt Restructuring

Moody’s Ratings upgraded Sri Lanka’s credit rating, days after the nation concluded debt restructuring of its dollar bonds, which reduces the risk of default on future notes.

( read original story …)



Posted on December 23, 2024

Sri Lankan exporters attend world’s largest food innovation exhibition in Paris

The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lankan Embassy in France, successfully organised Sri Lanka’s participation at SIAL Paris 2024 – one of the world’s leading F …
Posted on December 23, 2024

Sri Lankan exporters attend world’s largest food innovation exhibition in Paris

The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lankan Embassy in France, successfully organised Sri Lanka’s participation at SIAL Paris 2024 – one of the world’s leading F …

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