Development and Economic News
Govt. to introduce relief program for senior citizens affected by withholding tax
In a bid to address the concerns of the senior citizens grappling with withholding tax on interest payments, State Minister of Finance Ranjith Siyambalapitiya announced plans for a formal relief program aimed at providing immediate assistance.
Super-luxury hotel ‘ITC Ratnadipa Colombo’ declared open by the President
President Ranil Wickremesinghe declared open the super-luxury hotel ‘ITC Ratnadipa Colombo’ which boasts Sri Lanka’s first ever sky bridge ‘AHASA ONE’ connecting two towers at a height of 100m above the ground.
Sri Lanka to host global ISO review meeting for tea in July
Sri Lanka is set to host the 34th plenary meeting of the International Standards Organization Technical Committee for tea on July 24.
Sri Lanka exceeds tax revenue target by 6 percent in first quarter: State Finance Minister
Sri Lanka’s revenue collecting bodies have outperformed and exceeded tax revenue target by 6 percent for the first quarter ended on March 31, State Revenue Minister Ranjith Siyambalapitiya said.
Tourism Minister assures re-implementation of single-entry, 30-day visa
Tourism Minister Harin Fernando yesterday revealed plans to amend the recently implemented visa procedures, allowing tourists to apply for a single-entry 30-day visa starting from 1 May.
AirAsia and FitsAir among bidders for SriLankan Airlines
Malaysian budget carrier AirAsia is among six bidders for Sri Lanka’s state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a US$2.9 billion (RM13.8 billion) International Monetary Fund (IMF) programme.
Boost for tourism with Shree Ramayan Trails launch
Sri Lanka’s tourism industry is anticipated to receive a boost from Indian pilgrims with the official launch of the Shree Ramayan Trails project.
Dialog, Axiata Group and Bharti Airtel sign definitive deal for merger in SL
Dialog Axiata PLC (Dialog), Axiata Group Berhad (Axiata) and Bharti Airtel Ltd., (Bharti Airtel) announced they have signed a Definitive Agreement to combine their operations in Sri Lanka.
Govt. jacks up visa fee amid tourism recovery
The Government has hiked the standard tourist visa fee by over 100%, coupled with the shift to a global processing company, which has raised eyebrows among industry stakeholders.
Sri Lanka introduces new visa system to boost tourism
Sri Lanka has introduced new visa procedures and the rollout of an online visa issuance system yo boost tourism in the ialsndnation.