JKH reduces staff salaries and halts capital expenditure
John Keells Holdings PLC has implemented salary cuts of between 5% and 35% on the basic salaries of all employees in Executive and above levels whose basic salaries are over Rs.50,00. Read More »
Sri Lanka starts taxing Lanka IOC for low oil prices
The Government has increased the duty on petroleum imports of Lanka Indian Oil Corporation (Lanka IOC) with effect from 13 March. Read More »
Apparel sector struggling to pay salaries from this month onwards
Sri Lanka’s top apparel exporters are struggling to pay salaries due from April onwards to their massive workforce owing to a lack of working capital across the industry. Read More »
Ceylon Tea to be promoted as corona blocker
The Sri Lanka Tea Board (SLTB) has devised a plan to promote Ceylon black tea globally as an authentic premium wellness drink that could prevent Covid-19. Read More »
Online tea auctions to continue even after Covid-19
Using the first-ever online Colombo Tea Auction held yesterday (4) as a starting point, the tea industry plans to continue to hold online auctions even after the Covid-19 outbreak is contained. Read More »
Pay your taxes on time, IRD tells high-net-worth individuals
The Inland Revenue Department (IRD) Commissioner General Nadun Guruge has requested all large-scale taxpayers to pay their taxes on time, considering the dire economic situation. Read More »
Milco milks over Rs. 15 m through online orders
State-owned milk producer Milco (Pvt.) Ltd. has made a massive volume of online sales within the initial hours of the launch of its website last Wednesday (1), according to the company. Read More »