As Sri Lanka explores various avenues to enhance its tax revenue, it is likely that the country will opt for a property tax instead of implementing a comprehensive wealth tax, according to KPMG Sri …
Sri Lanka cement producer sees recovery begin amid rupee stability
ECONOMYNEXT- Sri Lanka’s Tokyo Cement said it was seeing a ” considerable increase in demand” as construction activity started to resume, with the exchange rate stabilizing and costs falling. The …
US invests US$553 million in Gautam Adani’s Sri Lanka port to curb China’s influence
The deepwater West Container Terminal in Colombo is the US government agency’s largest infrastructure investment in Asia, and among its biggest globally.
Port City Colombo signs MoU to attract Investors at “Invest Sri Lanka – Retire Sri Lanka” event in Singapore
“Invest Sri Lanka – Retire Sri Lanka” – an event focused on attracting investment to Sri Lanka was held in Singapore, recently. The event served as the backdrop for the signing of a Memorandum of …
U.S. to build $553M terminal in Sri Lanka to compete with China’s Belt and Road
The U.S. announced a $553M project Wednesday to build a deep-water shipping container terminal in Sri Lanka’s Port of Colombo as it competes with China in international development financing.
Shakib leads Bangladesh to win after ‘time out’ drama
Bangladesh skipper Shakib Al Hasan triggered a debate on the spirit of cricket before smashing a rapid 82 in their three-wicket victory against 1996 champions Sri Lanka, who were eliminated from the 50-overs World Cup on Monday.
US to fund $553m deep-sea terminal in Sri Lanka
The United States will lend more than $550m for a deep-sea container terminal in Sri Lanka, officials say, with the project seen as countering China’s rising influence in the Indian Ocean. Sri Lanka …
U.S. counters China’s Belt and Road with announcement of $553m investment in Sri Lanka port
In a recent report, AidData said the U.S. is catching up with China in terms of development finance after being overtaken by Beijing in terms of total official financial flows to the developing world in 2007. China’s lead has grown since then but the gap …
US plans to build a $553 million terminal at Sri Lanka’s Colombo port in rivalry with China
The U.S. has announced plans to launch a $553-million project to build a new, deep-water shipping container terminal in the Port of Colombo as it competes with China in international development financing.
Sri Lanka parliamentary panel directs Finmin to impose tax after controversial sugar levy
ECONOMYNEXT – Sri Lanka’s Parliament Committee on Public Finance (COPF) has issued a directive to the Finance Ministry to impose an income tax over super gains by firms that could have possibly …