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Sunday, 15 May 2011

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Top companies to explore opportunities:

US positive about Lankan economy

The United States has expressed positive sentiments about Sri Lanka and top US multinational companies are keen to explore opportunities for trade and investment in the country, said President American Chamber of Commerce in Sri Lanka (AMCHAM), Vijaya Ratnayake.

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Suspended VAT scheme:

An outstanding trade facilitator

VAT refund claims have been reduced to 5,000 from 20,000 in 2009, said Deputy Commissioner General, Department of Inland Revenue Mallika Samarasekera. She said that in developed countries the refund claims are settled within one month but in developing countries it might take months or years due to many reasons. Samarasekera was speaking at a seminar on the new suspended VAT Scheme.

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UNSG Panel Report could derail SME growth

The Darusman Report may have an adverse impact on the economy and in particular the Small and Medium Scale (SME) sector industries in Sri Lanka said President, National Chamber of Commerce of Sri Lanka (NCCSL), Asoka Hettigoda.

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