US underscores possibility of money laundering through Port City legislation

The United States yesterday called on policymakers to be vigilant of the economic impact of the proposed Port City legislation, given its...

Unique laws for Colombo Port City; One Country two laws?

By R R M Lilani Freelance journalist and researcher based in Colombo The Chinese-built Port City...

Rupee depreciates to lowest value against USD

The Sri Lankan Rupee depreciates to the lowest value against the US dollar, in history. According to the latest...

Two Chinese companies granted 15 & 12-year tax exemptions;PM signs gazette

Two Chinese companies one tasked with completing a construction within the premise of Port City-Colombo and the other due to commence operations...

Brandix reinstates pre-COVID salaries at all levels

Sri Lanka’s biggest apparel exporter Brandix Ltd., has reinstated staff salaries to its pre-COVID level, as per an internal memo.