Business - Sri Lanka News Papers - News Headlines from Colombo
- ️Sat Mar 01 2025
The new formula to be introduced for fuel distributors will provide them with a higher benefit than the previous 3% discount, according to the Chairman of the Ceylon Petroleum Corporation (CPC), D.J. Rajakaruna.
The auction for 14 luxury vehicles belonged to the President’s Office, six decommissioned vehicles and various spare parts was held on Friday (Feb 28), according to the President’s Media Division (PMD)
Despite Indian conglomerate Adani Group’s announcement that it withdrew from the US $ 442 million wind power project in Mannar, the Energy Ministry has requested the company to inform its stand in writing on the future of the project since Sri Lanka remains open for renegotiation of tariffs quoted originally, an official said.
The Fuel Distributors’ Association said that existing fuel stocks at filling stations would last until Monday (3) morning, following the suspension of fuel ordering activities last night.
Skype, the video calling platform that made headlines in the early 2000s, may finally be shutting down
The tax burden on individuals providing services to foreign countries while residing in Sri Lanka has increased. However, they have the option to keep their income abroad without bringing it into the country.
Sri Lanka’s export earnings for January 2025 were recorded at USD 1.334 billion, marking a promising start to the year and reflecting a 10.3% increase over the same period in 2024.
Sri Lanka’s variety of attractions in a compact destination as well as a new casino set to open in Colombo mid-2025 will provide Indian travellers with more reasons to visit, say Indian tourism officials.
The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has decreased to -4.2% in February 2025, compared to -4% in January 2025, according to the latest data released by the Department of Census and Statistics.
The Colombo Magistrate’s Court ordered today (27) that two former officials of the ‘Maga Neguma’ Company, who were arrested for aiding and abetting in the alleged criminal misappropriation of company funds, be further remanded in custody until March 3.