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PM congratulates Maldivian President-elect

PM congratulates Maldivian President-elect

Prime Minister Ranil Wick...

Rupee closes near record low

Rupee closes near record low

Reuters: The rupee declin...

LIFE SENTENCE FOR TERRORISM

LIFE SENTENCE FOR TERRORISM

The Government has propos...

CID grills Fonseka for 4 hours

CID grills Fonseka for 4 hours

The Criminal Investigatio...

Mangala musters patriotism

Mangala musters patriotism

In a bid to curtail furth...

Govt. to convert SL into technology hub: Harin

Govt. to convert SL into technology hub: Harin

The Government yesterday ...

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Items filtered by date: Tuesday, 21 August 2018

Opaque import tax exemptions pave way for abuse: Report

Sri Lanka’s import tax exemption schemes are too opaque, resulting in them being open to abuse and corruption, a case study by a prominent think tank has found, with decisions frequently subject to officials’ discretion as regulations are unavailable to the public and HS codes are unused.

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Mangala proposes regulatory body for three-wheelers

Finance Minister Mangala Samaraweera yesterday said he would make his dissenting views known at today’s Cabinet meeting regarding the proposal to impose a mandatory age limit for three-wheeler drivers, insisting that concerns over safety could be addressed by alternative means but acknowledged a regulatory body for the industry may be needed.

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July tea output down 7.3%

Reuters: Sri Lanka’s tea output fell 7.3% in July from a year earlier, the State-run Tea Board said on Monday, and brokers attributed the fall to adverse weather conditions.

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