77 companies leave the stock exchange in 30 years

Companies went private in the last three decades either because their core businesses were no longer viable or for strategic reasons, in part reflecting changes in the economy or tighter disclosure requirements. Many unviable companies have since gone bust or been taken over by their majority shareholder

Tax Administration Reforms Must Come First

Sri Lanka’s tax code is unfair, inefficient and in constant flux: it penalises again and again companies and individuals that faithfully file tax returns because loopholes in laws and undercapacity tax collection authorities keep tax evaders all snug and warm