Sri Lanka gets Singaporean help to untangle tax system

Sri Lanka’s Inland Revenue Department is receiving help from the Inland Revenue Authority of Singapore to overhaul the complicated local tax system, Central Bank Governor Arjuna Mahendran said in an interview with The Strait Times. 

JKH Dy. Chairman says to focus on Chinese and Indian tourists

Sri Lanka should focus on Indian and Chinese markets for sustainable future tourism growth due to macroeconomic fundamentals, John Keells Group Deputy Chairman and Cinnamon Hotels President Ajit Gunewardene said.

Sri Lanka earns more from fruit and vegetable exports during 2014

?Sri Lanka’s earnings from exports of fruits and vegetables during the year 2014 have increased, compared to the previous year’s income, a study conducted by the Ceylon Chamber of Commerce (CCC) finds.

FinMin says will bring rupee to ‘acceptable’ level

?REUTERS: Sri Lanka’s rupee, which is hovering near a record low after being floated by the Central Bank last week, will be brought to an acceptable level before too long, Finance Minister Ravi Karunanayake said yesterday.

Ceylon Leather halts footwear manufacturing subsidiary operations

?Ceylon Leather Products PLC (CLPL) said it had suspended the operations of Palla & Company (Private) Limited, a footwear manufacturing subsidiary, with effect from August 31, 2015.

Mahapola Lotto network extends to Medirigiriya and Point Pedro

Continuing its rapid expansion drive, following its launch a little over a year ago, lotteries innovator Mahapola Lotto has begun venturing into more remote areas islandwide. 

Amex introduces cash back offer with ‘Pump Fuel’ promo

American Express from Nations Trust Bank (NTB) enables you with a cash back offer that rewards five cardmembers on a weekly basis with its ‘Pump Fuel with American Express’ promotion. 

Debug Engineering launches new ‘011 - Support’ hotline

Debug Engineering recently announced the launch of its new ‘011 - Support’ hotline.

Sunshine Holdings recognized for excellence in investor relations

Diversified conglomerate Sunshine Holdings PLC emerged the third best in investor relations from among the country’s 296 listed corporates,

NCCSL seminar on electronic payments

The National Chamber of Commerce of Sri Lanka (NSCCSL) together with LankaClear (Pvt.) Ltd, the National Payment Network Operator 

Foreign airlines to drive Lankan aviation growth

Foreign airlines are expected to cater to the growth of air travel into Sri Lanka in the coming few years due to internal restructuring currently being carried out at the national carrier, SriLankan Airlines Chairman Ajith Dias said.

Daya and Anoma Gamage resign from Bimputh

?Daya Gamage and his wife Anoma Gamage have resigned from their positions as Chairman and Non-Executive Director at Bimputh Finance PLC with effect from August 20th and 25th respectively. 

ICTA to launch national payment platform

The state-owned Information Communication Technology Agency is currently spearheading an initiative for a national payment platform which works across all banks which is expected to be rolled out within a month.

CA Sri Lanka’s 2015 Convocation tomorrow

The most anticipated event in the academic calendar of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the Annual Convocation, will be held tomorrow (10th ) under the patronage of Ajith Tudawe...

Cinnamon Future of Tourism Summit to mark World Tourism Day

?Cinnamon Hotels & Resorts is poised to host the first-ever ‘Future of Tourism & Responsible Tourism for Driving Revenue’ Summit, featuring an eminent panel of global industry speakers, on 28th September at the Cinnamon Lakeside Colombo, to mark the occasion of ‘World Tourism Day’. 

CSE reaches out to investor community in Matara

The Colombo Stock Exchange (CSE) carried out a series of activities in the Matara District recently to create awareness amongst potential and existing investors on the benefits of investing in the capital market. 

CA Sri Lanka unveils 36th National Conference theme

With globalization, liberalization of economies and technological advancements bearing a considerable impact on the world we live in, which has also led to the transformation of businesses across the globe, ...

Kanrich Finance contribution appreciated

Kanrich Finance Limited was recently appreciated for extending their patronage to Dalada Maligawa Esala Perahera for 3rd consecutive year.

Basicare helps Sri Lankans unveil unique beauty

Basicare, a globally recognised brand of innovative beauty tools and accessories for the face, body and for hair care is keenly passionate in offering solutions based on local beauty aspirations.

Signal’s outstanding oral health commitment receives int’l accolade

As a brand that has been at the forefront of oral health care in Sri Lanka and the world, Signal has always been engaged with the community in creating awareness for sound oral health.

Perfetti launches Mentos Maxxa range

Mentos Maxxa, the latest addition to the popular confectionary range, was launched by Perfetti Van Melle Sri Lanka at a recent event held at Excel World, Colombo.

Clean & Clear “Dream Shopping” winners share overseas shopping experiences

Johnson & Johnson’s CLEAN & CLEAR brand, a global leader in skincare, conducted its mega promotion - CLEAN & CLEAR ‘Dream Shopping’ recently.

Macksons Care launches OXYjet face and body machine

Another venture by Macksons Holdings, Macksons Care (Pvt) Ltd was launched as a provider of state-of-the-art facial and body care equipment. 

Maliban excels at 14th CNCI Achiever Industrial Excellence Awards

Malian Biscuit Manufactories was placed at the helm of success at the 14th CNCI Achiever Industrial Excellence Awards organized by the Ceylon National Chamber of Industries. 

Subsidies not the way forward for any industry: Harsha

Subsidies given to industries will not be sustainable in the long run and there will be winners and losers in capitalism, ruling coalition parliamentarian and economist Dr. Harsha de Silva said at the Tea Exporters’ Association Sri Lanka (TEA) AGM held recently.

Hayleys share dips with employees’ shares coming in

The share price of Hayleys PLC yesterday took a dive with the shares of the company’s Employee Share Trust distributed among Hayleys employees coming into the market.

Sri Lanka’s Internet and email subscriber base up 24% in 1Q

Sri Lanka’s Internet and email subscriber base including mobile broadband services has increased 23.6 percent to 3.6 million at the end of the first quarter of 2015 compared to the same period of the previous year.

Pan Asia Bank announces Rs.4bn debenture issue

?Pan Asia Banking Corporation PLC (PABC) yesterday announced the opening of its Rs.4 billion senior debenture on September 23, the second such debenture issue by the lender in 12 months. 

Exercising of JKH 2015 warrants begins from Sept. 29

?John Keells Holdings PLC (JKH) yesterday informed the company’s warrant holders dated May 26, 2015 that the exercising period of their warrants will commence on September 29, 2015 till the expiration date of November 12, 2015.

Orient Finance gets CB nod for IPO

?Orient Finance, formerly known as Bartleet Finance, has received the Central Bank’s (CB) nod to list its shares in the Colombo Stock Exchange.