Corporate earnings to increase
The CSE has been able to capture more attention
and interest in foreign investments compared to the regional
markets. There will be a 40 percent growth in the earnings of listed
companies in the Colombo Stock Exchange (CSE) whereas the listed
companies in the regional countries will record a growth of around
18 to 22 percent for this year.
Increase in import taxes:
Marginal impact on Toyota
The recent increase in vehicle import taxes will
have a marginal impact on the overall operations of Toyota Lanka.
Toyota Lanka Managing Director Yoshiaki Kato said there will be a
marginal impact on the enhancement of the import duty of motor
vehicles mainly due to the taxes increased to a limited segment.
Record increase in worker remittances
US $ 377 million sent in January:
Sri Lanka’s foreign remittances from expatriate
Sri Lankans have recorded an increase of 20 percent in January
compared to last year. This is despite the volatile situations
around the world, which affected the foreign exchange earnings of