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 

Teejay Lanka to make US $ 13mn investment in India next year

By Zahara Zuhair Teejay Lanka PLC, the local weft knit textile manufacturing company, which was 

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, 

BreadTalk opens 7th outlet in Maharagama

Internationally-acclaimed baker and confectioners franchise BreadTalk opened doors to its seventh outlet in the bustling suburb of Maharagama recently. 

Huggies Baby Star campaign launched emphasizing family bonding

Our children’s path for a better future only paves the way for a better tomorrow and who better to stamp a mark in maintaining this vision than Huggies themselves. 

INFOTEL 2016

Large crowds gathered to witness the ‘Infotel 2016’, national ICT exhibition that kick-started yesterday at 

Fashion Bug honours little artists of Sri Lanka at Roo Siththam 2016

Once again the much awaited Roo Siththam, the annual Art Competition organized by Fashion Bug 

Down with Newton’s law

Are you ready to outwit gravity? The Red Bull Gravity Challenge is looking for a great deal of imagination to show Newton posthumously how it’s all done! 

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 

DSI opens relocated Akuressa branch

D. Samson & Sons (Pvt) Ltd recently celebrated the relocation of the DSI Showroom in Akuressa.  

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 

Nation Lanka Finance sustains its turnaround and performance in H1 of 2015/2016

Nation Lanka Finance has continued to sustain its strategic turnaround and performance in the first half of the financial year ending 30th September 2016. 

Exilesoft Launches ‘Kids Can Code’ at DevDay SL 2016

As Exilesoft prepares to take on the honor of sponsoring DevDay SL for the fourth consecutive year, the company is pleased to announce that this time will hold a special surprise

Astron reaffirms its excellence at SLIM-NASCO 2016

Astron Limited, Sri Lanka’s largest local privately owned pharmaceutical manufacturer reaffirmed the excellence of its sales force by claiming 8 awards at recently concluded National Sales Congress

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 

VirtusaPolaris wins three Stevie awards at International Business Awards

VirtusaPolaris, the market-facing brand of Virtusa Corporation and Polaris Consulting & Services, 

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, 

BMICH motivates staff to focus on total quality management

BMICH is promoting an organizational culture of motivating its staff to adopt the QC100 model for