Loss-making Sri Lankan Airlines aims to break even in 2015/16

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Loss-making Sri Lankan Airlines hopes a five-year plan to fly to more profitable destinations and invest in a more fuel-efficient fleet will help it...

Moody’s says Sri Lanka’s fiscal consolidation plans will be challenging

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Moody's says Sri Lanka's fiscal consolidation plans will be challenging without greater policy effectiveness and faster GDP growth. On 5 March, Sri Lanka (B2 stable)...

Moody’s says VAT hike will keep IMF program on track

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The Moody's rating agency says the amendments to the value added tax (VAT) bill, which will increase the VAT tax rate to 15% from...

IMF experts study new draft Bill

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Legal experts of the International Monetary Fund (IMF) are still analyzing the contents of the new draft bill on the Inland Revenue Act before...

China involved in almost 40% of Sri Lankan construction projects

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Chinese firms are involved in almost 40% of construction projects in Sri Lanka, the Ceylon Institute of Builders (CIoB) said today. President of the Ceylon Institute of...

US trade official holds talks with US businesses in Sri Lanka

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A US trade official had talks in Colombo today with American businesses operating in Sri Lanka. AMCHAM hosted James Golsen, Executive Director, Asia, International Trade Administration, U.S....

Tourism sector records faster than expected recovery after Easter attacks

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The tourism sector, which suffered a setback following the Easter Sunday attacks, has since recorded a faster than expected recovery, the Central Bank of...

Oil falls as traders cash in after gains

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Oil prices fell over 1 percent on Monday as traders took profits after three weeks of gains and as a jump in the dollar...

Metal/Alloy of 1, 5 Rupee coins change

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The Central Bank of Sri Lanka says a new set of circulation coins of Rupee 1 and Rupees 5 will be issued to circulation after...

Need to remove bilateral trade barriers, Sri Lanka tells India

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India-Sri Lankan bilateral trade has potential to more than double to $ 10 billion by 2016 if tariff and non tariff barriers are removed,...