SJMS Budget Briefing 2016 features salient points and impact of tax implications

The Budget briefing was organised by SJMS Associates recently, focusing on the essential and salient points of the government’s 2016 Budget proposals with an added emphasis on its tax implications on Sri Lanka’s economy.

National Chamber hosts Netherlands Ambassador

An interactive session was held with the Netherlands Ambassador to Sri Lanka recently where members had an opportunity to have a close dialogue with the ambassador.

Liberalization of tea imports to Sri Lanka - Proposed tea hub

The apex tea industry body, Tea Exporters’ Association (TEA) lobbied for and received the approval for the much-discussed tea hub in Sri Lanka in the 2016 Budget. Liberalizing the industry would allow tea exporters to import and blend foreign teas for re-export.

Oman Air marks 6 years of operations in Sri Lanka

Marking sixth year of operations in Sri Lanka, Oman Air, the flagship carrier of the Sultanate of Oman, celebrated its anniversary in a prestigious way in Colombo recently.

The Eden Resort & Spa wins Gold at NBEA 2015

?The Eden Resort & Spa emerged victorious at the National Business Excellence Awards (NBEA) 2015, by being adjudged the winner in the Hospitality and Tourism sector.

Mihin Lanka offers three weekly flights to Malé

?Those seeking an escape from their stressful lives can now enjoy affordable and convenient trips to Malé with Mihin Lanka. Mihin Lanka is now offering three weekly flights between Malé and Colombo, which operate every Tuesday, Thursday and Sunday from Bandaranaike International Airport. 

Citrus celebrates a fantastic five

?Citrus Leisure celebrated its fifth anniversary this week, by reflecting on the strides made since inception. 

Qatar Airways announces unbelievable fares to over 100 destinations worldwide

?Qatar Airways has launched a new promotion in Sri Lanka, ‘Fabulous Fares’ offering travellers exceptional savings on bookings. With this exciting promotion, passengers in Sri Lanka can take advantage of attractive airfares and make their dream holidays come alive by planning their vacations now. 

Colombo District Court vacates enjoining order issued against HNB

Colombo District Judge T.D. Gunasekera vacated the enjoining order issued previously against Hatton National Bank PLC (HNB) implementing its Social Media Policy,...

Fitch Assign Mercantile Investments and Finance ‘BBB-(lka)’ rating

?Fitch Ratings Lanka has assigned Mercantile Investments and Finance PLC (MIF) a national long-term rating of ‘BBB-(lka)’. The outlook is stable. The agency has also assigned the company’s outstanding senior unsecured debentures a national long-term rating of ‘BBB-(lka)’.

People’s Bank recognises Pan Asia Bank

In recognition of Pan Asia Bank’s recent accomplishment in raising Rs.4 billion through a debenture issue, People’s Bank awarded a special plaque to Pan Asia Bank Director/CEO Dimantha Seneviratne at the Pan Asia Bank head office.

Softlogic celebrates Rs.1bn in Samsung sales

Softlogic Mobile Distribution (Pvt.) Ltd announced that it has sold Samsung mobile phone units amounting to Rs.1 billion as of October 2015. 

Talawakelle wins Gold at National Business Excellence Awards 2015

Talawakelle Tea Estates PLC (TTE PLC) was bestowed with five National Business Excellence Awards including the Gold for Agriculture and Plantations sector for the second successive year,....

Crysbro’s uplifts lives building national economy

Over the past 43 years, people living in rural areas have derived immense economic benefits through the tireless efforts of the Crysbro group. While traditional chicken producers have focused on the short-term, Crysbro has worked towards the long-term benefit of society at large.

Embark launches Christmas concept

This season, Embark, the unique fashion label with a cause, has promised ‘a shopping experience from the heart’ with a refreshingly sincere Christmas campaign involving its people, and a product range that reflects the compassion and commitment that the programme is all about.

Professional MET Consultancy Services wins Silver Flame Award

?Professional MET Consultancy Services (Pvt.0 Ltd (PROMET) was awarded the Silver Flame in the Technology Providers category of the Best Energy Services Company Award in the Sri Lanka National Energy Efficiency Awards 2015 held at BMICH recently.

Hayleys – Sri Lanka’s No.1 listed company

?Hayleys PLC was ranked the No.1 company in the LMD’s Top 100 listed companies of Sri Lanka this week. The award was received by Hayleys PLC Chairman and Chief Executive Mohan Pandithage at a gala event organised by CIMA-LMD.

EBC most awarded channel of the year at the NBEA & OCIC SIGNIS 2015

Leading Sri Lankan Television & Radio broadcaster EAP Broadcasting Company Limited (EBC) recently received two awards  at the NBEA Awards 2015. 

DFCC PLC expands its operations with the opening of a new branch in Weligama

DFCC PLC recently opened its newest branch in Weligama, which is located at No. 354/45, Samaraweera Place.

Mitsubishi electric air conditioning innovation technology builds a greener tomorrow

Abans Engineering (Pvt.) Ltd, sole agent/distributor proudly presents world renowned air conditioning systems from Mitsubishi Electric Corporation – Japan. Mitsubishi Electric Corporation...

Print USA wins 16 Lanka Star and 3 Asia Star Awards

Print USA (Pvt.) Ltd, a pioneering Sri Lankan company dedicated to providing the best quality printed packaging to its customers, won the most number of awards for excellence at the recently ...

Ceytea takes Gold at National Energy Efficiency Awards

?Unilever Sri Lanka’s Ceytea factory won the ‘Gold Flame’ award in the Manufacturing category at the Sri Lanka National Energy Efficiency Awards held at the BMICH recently. 

CTC feted among Business Today Top 25 corporate entities for 2015

?Ceylon Tobacco Company (CTC) secured the fourth position among Business Today ‘Top 25’ corporates at the award ceremony held recently in Colombo. The awards platform recognizes the financial performance of established blue-chip organisations that stabilize the growing Sri Lankan economy.

MTD Walkers wins Gold at National Business Excellence Awards 2015

?Sri Lanka’s leading integrated infrastructure and engineering solutions provider MTD Walkers PLC won the Gold award in the Construction Sector at the recently concluded National Business Excellence Awards 2015 organised by the National Chamber of Commerce of Sri Lanka (NCCSL). 

Royal Ceramics Lanka inks deal to expand to Pakistan

?Royal Ceramics Lanka PLC, the Sri Lankan award-winning tile and bathware manufacturer, renowned for its quest for elegance and luxury living, signed an agreement with Pakistan’s leading premium brands retailer SFnZ & Co. Ltd to expand into the Pakistani market. 

CA Sri Lanka’s 51st Annual Report Awards grand finale today

?The Grand Finale of the 51st Annual Report Awards organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will be held today at Waters Edge, Battaramulla.  

EDB flies in top apparel buyers from Brazil, Spain, Australia and Denmark

?A visiting high-powered multinational buyer team linked with the Export Development Board (EDB ) representatives and Lankan apparel giants recently after a three-year long resolute quest since 2012 by EDB to link with nine top global retailers.

Russian delegation meets Plantation Minister

?A four-member delegation led by Deputy Chairman of the Parliament of Russia the Council of Federation (Senate) Iliyas Umakhanov met Minister of Plantation Industries Navin Dissanayake recently at the Ministry of Plantation Industries.

Fashion Bug awarded best dealer for Emerald

?Fashion Bug, one of Sri Lanka’s leading retail clothing chains, won the prestigious award for being the ‘best dealer’ in the ‘Diamond’ category at the western province dealer convention of Emerald International held at Waters Edge.

Koala clinches top honours at National Business Excellence Awards

?Koala (Pvt) Ltd, celebrated as a true provider of unique and sophisticated contemporary interior design lifestyles was the recipient of the Silver award in the diversified business sector, medium category at the National Business Excellence Awards 2015 (NBEA) held recently.