Efforts underway for early harvest on Indo-Lanka non-tariff barriers

In accordance with the outcome of discussion between Prime Ministers Ranil Wickremesinghe and Narendra Modi, during the former’s visit to India, negotiations are underway to sign a framework for the proposed Indo-Lanka Joint Economic and Technology

Banks barred from leasing activities

The vehicle leasing business by the Licensed Commercial Banks (LCBs) is to be completely barred with effect from June 01, 2016 as the government considers it as a distraction to the normal banking business

Corporate and personal taxes to be restructured; sin industries to be further taxed

The corporate and personal taxes have been reformed while the sin industries will be further taxed, Finance Minister Ravi Karunanayake said. “I propose to restructure the present corporate income tax rate structure to a two-rate band system with a higher rate of 30 percent and a standard rate of 15 

Milo brings mothers and kids together with ‘Mom, Me and My Milo’ campaign

Milo, the nourishing energy beverage brand, has been synonymous with school sports in Sri Lanka for over three decades. In a mission to encourage children to embrace physical activity, Milo now takes another big leap by offering children the chance to win as many as 1000 mountain bikes through the ‘Mom, Me and My Milo’ campaign. 

Lagna Wasanawa delivers early Christmas this year

The Development Lotteries Board, dedicated to create millionaires, has organized a special draw to give out many prizes in the popular lottery, ‘Lagna Wasanawa’.

Tradlanka and Hain Celestial introduce Tilda Basmati Rice to Sri Lanka

Tilda, a renowned rice brand, entered  the Sri Lankan store shelves recently with a new line of Basmati rice products, that is grown and harvested at the foothills of Himalayas.

Dr. Prasantha Jayamanna bags Apple dealership for tabZ

Expressing its confidence in the country’s most tech savvy, digital hub, Apple Inc. recently appointed tabZ as an authorized reseller for its full range of iPhones, iPads and all related accessories in Sri Lanka. Located on the Lower Ground Floor at Unity Plaza, Colpetty, tabZ will now retail the iPhone 6S,

Industrial Gases pioneers CO2 Liquid Gas production from molasses fermentation process

Industrial Gases Pvt. Ltd. (IGL) an innovative and efficient provider of high quality industrial, medical and specialty gases, signed a MOU with Sri Lanka Sugar Co. (A 100 percent Government owned entity), in pioneering a project involving the installation of its own plant with state-of-the-art environmental-friendly 

United Motors group profits up 162% to Rs.545 mn

United Motors Group recorded a strong performance in the face of market challenges with a profit of Rs.545 million for the quarter ended 30th September 2015 in comparison to Rs.208 million recorded during the same period last year which is a 162 percent increase. 

Spinning around with Murali – an evening with the world record holder

Muttiah Muralitharan and Management go hand-in-hand.  The world record holder of wickets in Tests, an unbelievable 800, held the very essence of sound management in his magical spin fingers and used it to good effect in his 133 Tests career which spanned 18 years. 

EASL welcomes PM’s competitive foreign exchange policy proposal

The Exporters Association of Sri Lanka (EASL) yesterday welcomed Prime Minister Ranil Wickremesinghe’s proposal to adopt a competitive foreign exchange policy that will encourage exports.

EU Maritime Affairs and Fisheries technical dialogue mission concludes visit to Colombo

A technical dialogue mission from the European Union’s Directorate General for Maritime Affairs and Fisheries concluded a visit to Colombo this week

Harsha calls for evidence-based policy making at top think tank meeting

Deputy Minister of Foreign Affairs Harsha de Silva delivering the keynote speech at the 5th South Asia Regional Conference of the Think Tank Initiative in Gurgaon, India, had  called for stronger ties between think tanks and policy makers. 

It’s not what you get, but what you make out of it: INFOTEL committee chief

Various companies and institutions organize exhibitions and expositions at a professional level as a mechanism to create public awareness and also as a marketing strategy to promote their goods and services amongst a wider segment of customers.

Overregulation of tobacco and liquor industries won’t bring desired results: CTC official

Overregulation and excessive taxation of the tobacco and liquor industries will cause the opposite of the desired effect, Ceylon Tobacco Company PLC (CTC) Corporate and Regulatory Affairs Director Dinesh Dharmadasa cautioned the government.

Ceylon Chamber hails trade document to be signed with India mid next year

The trade document which will be signed with India in mid-2016 will be a framework agreement to negotiate and eventually sign the Broader Economic and Technology Partnership, and the new regime is being transparent on trade negotiations, the Ceylon Chamber of Commerce (CCC) said.

New directors no impediment to Grand Hyatt construction: ministry

Public Enterprise Development Ministry on Wednesday in a statement assured that despite the appointment of a new director board, the construction work of the Grand Hyatt Hotel project would proceed unimpeded.

Finlays shareholders give nod for CSE delisting at EGM

The shareholders of Finlays Colombo PLC have given the nod to delist the company from the Colombo Stock Exchange (CSE) at an Extraordinary General Meeting held yesterday.

Cargills Bank still in red despite attempts to grow lending book

The banking arm of the Cargills group, Cargills Bank Limited (CBL) recorded a net loss of Rs.78.7 million for the quarter ended September 30, 2015, slightly improving from Rs.79.5 million loss recorded in the same quarter last year, the interim results showed. 

Smart Future, Global Shapers, IIT mark GEW 2015 today

As over 160 countries mark Global Entrepreneurship Week 2015 (GEW), budding Sri Lankan job creators will come together to discuss what it takes to be an entrepreneur at a forum today.

People’s Bank-Inland Revenue sponsor ‘National Budget Seminar 2016’

?People’s Bank recently stepped forward as the principal sponsor of the upcoming ‘National Budget Seminar 2016’, which is organised by the Inland Revenue Department for the 11th consecutive year.

Unilever Alumni Association to hold AGM and Fellowship 2015

?The first Annual General Meeting (AGM) of the Unilever Alumni Association will be held on Saturday, December 5, 2015 at Grand Oriental Hotel Lotus Ball Room, Fort commencing at 6:00 p.m., followed by a fellowship dinner of the Unileverites and their spouses from 7:00 p.m. onwards.

‘Engineering Tomorrow: A Southern Asia’ event this Friday

?The Institution of Mechanical Engineers (IMechE) Southern Asia Region would be hosting the “Engineering Tomorrow: A Southern Asia” event for the young engineers of the constituting countries, to be held in Colombo.

National Chamber to hold session with Netherlands Ambassador

?A session on ‘Bilateral trade between Sri Lanka and  Netherlands’ will be held on Friday, November 27, 2015, from 3:00 to 4:30 p.m., at the chamber auditorium at No: 450, D R Wijewardene Mawatha, Colombo 10.  

Overregulation of tobacco, liquor industries won’t bring desired results: CTC official

Overregulation and excessive taxation of the tobacco and liquor industries will cause the opposite of the desired effect, Ceylon Tobacco Company PLC (CTC) Corporate and Regulatory Affairs Director Dinesh Dharmadasa cautioned the government.

Budget to avoid tough choices as risks mount

?Sri Lankan Finance Minister Ravi Karunanayake will seek to boost tax revenues and rationalise spending in the new government’s first full-year budget tomorrow, but analysts see him showing little commitment to fiscal consolidation.

New directors no impediment to Grand Hyatt construction: ministry

?Public Enterprise Development Ministry yesterday in a statement assured that despite the appointment of a new director board, the construction work of the Grand Hyatt Hotel project would proceed unimpeded.

Asiri group takes full control of Central Hospitals Limited

?Asiri Hospital Holdings PLC yesterday said it upped its stake in Central Hospitals Limited (CHL) with the purchase of 9.49 percent shares, increasing its hold of the entity to 77.62 percent.

Access Engineering buys university property

?Diversified Access Engineering PLC announced that it acquired a 92 percent stake in Horizon Knowledge City Ltd this week for Rs.575 million.

Bogala Graphite weighing options to remain as listed entity

?Bogala Graphite Lanka PLC, one of the world’s largest exporters of vein graphite, is currently considering its options in remaining as a listed entity on the Colombo Stock Exchange, pursuant to the minimum public float rules.