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News Updates

3 MONTHS GRACE PERIOD FOR COMPOUNDING CHARGES

3 MONTHS GRACE PERIOD FOR COMPOUNDING CHARGES

Jun 18, 2021  /  By Vision Venture

3 MONTHS GRACE PERIOD FOR COMPOUNDING CHARGES during Covid

Sri Lanka will decide on IMF based on local and global conditions

Sri Lanka will decide on IMF based on local and global conditions

Aug 31, 2021  /  By Vision Venture

Co-cabinet spokesman Ramesh Pathirana said that there's no decision yet.

The Department of the Registrar of Companies will be temporarily closed

The Department of the Registrar of Companies will be temporarily closed

Aug 31, 2021  /  By Vision Venture

Department of the Registrar of Companies is temporarily closed for the public from 16.08.2021.

BOI identifies thrust sectors to support investors

BOI identifies thrust sectors to support investors

Aug 31, 2021  /  By Vision Venture

BOI identified six thrust sectors - Manufacturing, ICT, Tourism and Hospitality, Agri and Food Processing, Infrastructure, and other.

Sri Lanka to freeze hiring, halt new projects, target subsidies

Sri Lanka to freeze hiring, halt new projects, target subsidies

Sep 09, 2021  /  By Vision Venture

There will be no provisions for new hires in 2022, Ministry Secretaries and Department chiefs have been told by the Treasury in a circular.

Sri Lanka imposes drastic import restrictions

Sri Lanka imposes drastic import restrictions

Sep 09, 2021  /  By Vision Venture

Sri Lanka imposed a 100% cash margin when opening letters of credit for 623 items.

Tax amnesty bill, new SEC Bill get Parliament approval

Tax amnesty bill, new SEC Bill get Parliament approval

Sep 10, 2021  /  By Vision Venture

Parliament approved two important finance bills including one to grant tax amnesties and the new Securities and Exchange Commission of Sri Lanka Bill.

Stock market dip persists amidst high turnover

Stock market dip persists amidst high turnover

Sep 10, 2021  /  By Vision Venture

Despite intermittent recovery the Colombo stock market closed down due to profit taking as well as concerns over currency instability amidst high turnover.

Aug. records highest monthly tourist arrivals so far this year

Aug. records highest monthly tourist arrivals so far this year

Sep 10, 2021  /  By Vision Venture

Sri Lanka received the highest monthly tourist arrivals of 5,040 in August so far this year