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The Ministry of Trade, Commerce and Food Security [2] (Sinhala: වෙළඳ, වාණිජ හා ආහාර සුරක්ෂිතතා අමාත්යාංශය; Tamil: வர்த்தக, வாணிப மற்றும் உணவுப் பாதுகாப்பு அமைச்சு) is the Sri Lankan government ministry responsible for "Promotion of ...
Sri Lanka Industrial Development Co. Ltd; Sri Lanka Institute of Co-operative Management; Sri Lanka Insurance Corporation Ltd; Sri Lanka Institute of Development Administration; Sri Lanka Insurance & Robinson Hotel Company Ltd; Sri Lanka-Libya Agricultural & Livestock Development Co. Ltd; Sri Lanka State Trading Corporation; Sri Lanka Sugar Co. Ltd
Trade credit is the loan extended by one trader to another when the goods and services are bought on credit. Trade credit facilitates the purchase of supplies without immediate payment. Trade credit is commonly used by business organizations as a source of short-term financing. It is granted to those customers who have a reasonable amount of ...
Taxation in Sri Lanka mainly includes excise duties, value added tax, income tax and tariffs. [1] Tax revenue is a primary constituent of the government's fiscal policy . The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes.
Trade credit is essentially a short-term loan without interest. When discounts for faster payment and penalties for late payments are taken into consideration, however, trade credit can still cost ...
DFCC Bank was set up in 1955 as Sri Lanka's a pioneer development finance institution on the recommendation of the World Bank and is one of the oldest development banks in Asia. In October 2015, DFCC Bank and its 99% owned subsidiary, DFCC Vardhana Bank amalgamated.
The branch helped the bank and the government handle their international business. 1953: Chelliah Loganathan was the first Sri Lankan appointed as General Manager and Chief Executive Officer. He resigned in 1969. 1961: T. B. Ilangaratne, Minister of Commerce, Trade, Food and Shipping oversaw the nationalisation of the bank. 1972: The then ...
The Central Bank of Sri Lanka (abbr. CBSL; Sinhala: ශ්රී ලංකා මහ බැංකුව, romanized: Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body ...