National Chamber session to feature Malaysian High Commissioner

The High Commissioner of Malaysia, Wan Zeidi Wan  Adullah will be the special guest  speaker at  a  session on “Bilateral trade between Sri Lanka and  Malaysia ”,  organized by the National Chamber of Commerce of Sri Lanka , on November 24th from 3.00 p.m to 4.30 p.m  at the chamber  Auditorium.

Central Bank Governor to address CIM SL CEO Breakfast Forum

The Chartered Institute of Marketing (CIM) Sri Lanka will be hosting its third CIM CEO’s Breakfast Forum for this year on 16th November at Ramada Colombo, from 7.30 am onwards. 

Central Bank’s autonomy challenged in budget 2017

Ce r t a i n c o n t r o v e r s i a l proposals in the budget 2017 are likely to have massive implications 

Embarkation Levy increased to US $ 50

The 2017 budget has increased the Embarkation Levy to generate greater government revenue at the 

CTC 3Q net profit up 38% to Rs.4.6bn

Ceylon Tobacco Company PLC (CTC), the local unit of British American Tobacco, increased its 

Budget moves hotels out of subsidized corporate tax rate

?By Chandeepa Wettasinghe The Sri Lankan tourism industry was treated to a shock with the recent 

Most Asian telcos to come under pressure in 2017: Fitch

Fiercer competition and rising capex needs will put pressure on the credit profiles of most Asian telcos over the next year, says Fitch Ratings. “We have a negative outlook on the telecom sectors in 

Capital Gain Tax only on properties less than 10 years and not on inherited wealth: FinMin

Shedding light on the budget proposal to impose a 10 percent tax on capital gains made on immovable properties, country’s finance minister said such a tax would be only on the properties 

Budget 2017 leads to greater fiscal consolidation: FinMin

The budget 2017 would lead to greater fiscal consolidation at the same time deliver benefits to the 

Shares end little changed ahead of national budget

REUTERS:  Sri Lankan shares closed nearly unchanged on Thursday in thin trade as investors 

Trump fear fans dollar rally as emerging markets sink

AFP - The dollar soared against high-yielding currencies and Asian emerging markets sank yesterday 

Hashim says Lankaputra will get new Chairman shortly

A new chairman will be appointed to state-owned Lankaputhra Development Bank shortly, Minister of Public Enterprise Development Kabir Hashim told Parliament yesterday.

Kenya promotes specialty teas to boost farmer earnings

REUTERS: Kenya is relaxing some of its tea industry rules to encourage production of new varieties 

Sri Lanka revises corporate tax, withholding tax to raise revenue

REUTERS: Budget proposals presented in Sri Lanka on Thursday included revisions to corporate and 

Restrictions on bank lending may have widespread impacts on industry: analysts

The 2017 budget included restrictions on bank lending, and community reinvestment proposals, 

Isipathana College teachers visit MMBL-Pathfinder

Vice Principals and the teaching staff of Isipathana College, Colombo paid a visit to the MMBL-

Pan Asia Bank showcases children’s artistic talents

Pan Asia Bank in commemoration of World Children’s Day and the World Thrift Day, which were 

EGB becomes one of new Miss Intercontinental’s favourite drinks

Many local celebrities are no doubt enamoured by the unique, nostalgic taste of EGB (Elephant House Ginger Beer). 

Mobitel Cash Bonanza Montero Extravaganza rewards 9th lucky winner

Cash Bonanza Montero Extravaganza 2016 introduced by Mobitel, has become one of the most popular competitions in the country. 

CIC Holdings sponsors Ananda College’s annual musical show

CIC Holdings’ renowned stationery brand CIAL was the main sponsor of Ananda College’s annual cultural highlight - ‘Rhythm of the Maroons’ musical extravaganza which was held on October 29th at 

Banking sector consolidation resurfaces as capital requirements double

In what aIn what appears to be an apparent attempt to push the banking industry to consolidate, the Finance ppears to be an apparent attempt to push the banking industry to consolidate, the Finance 

Budget proposes to relax maximum retail price on chicken

The 2017 budget proposed to relax the Maximum Retail Prices (MRP) of chicken, and allow the 

Telecommunication sector continues to be tax magnet

Telecommunication services were hit with a slew of taxes in the 2017 budget, with the government 

SL-B’desh trade pact a reality by March 2017

The first-ever Sri Lanka–Bangladesh free trade agreement (FTA) is to be a reality by next March and both countries, 

NCE budget forum on 16th

The National Chamber of Exporters of Sri Lanka (NCE) has scheduled a budget forum on 16th November from 3.00 pm to 6.00 p. m at the Hotel Galadari. 

Dr. Ranee Jayamaha to deliver Prof. H.A. de S. Gunasekera Memorial Oration 2016

Prof. H.A. de S. Gunasekera Memorial Oration 2016 will be held on Friday, November 11, 2016 at 

Ceylon Chamber’s post budget seminar to be held on Tuesday

The Ceylon Chamber of Commerce will hold its customary post budget seminar on November15th, with the participation of Finance Minister Ravi Karunanayake.

Lalith Wijetunge new OPA President-Elect

IPM Sri Lanka – the nation’s leader in human resources management – announced that its Past 

Steady demand to negate higher liquor prices: Fitch

Fitch Ratings, one of the big three credit rating agencies in the world, yesterday said higher alcoholic 

Visiting Bangladesh Minister meets Malik

Bangladesh Commerce Minister Tofail Ahmed and his delegation called on Development Strategies and