The interest on savings made by Sri Lankans have been made liable for a higher withholding tax by the new Inland Revenue Act, which was passed in parliament last week, a business forum in Colombo was told yesterday.

The diversified business group, Fairway Holdings, yesterday said it would be purchasing 75 percent of Ascot Leisure (Pvt.) Ltd for a total of Rs.70 million.

The Google Loon dream of the current government is still alive, with Telecommunication and Digital Infrastructure Minister Harin Fernando set to make a renewed effort at negotiations with the International Telecommunication Union (ITU) for the rights

The government has decided to carry out a research project to examine the possibility of adding value to the graphite mined in Sri Lanka by way of using such in rechargeable batteries. 

Australia-based Margosa Graphite Ltd (Margosa), together with Lanka Resources and Mining (Pvt.) Ltd (LRM) announced that it would commence an extensive high-resolution helicopter-borne time-domain electromagnetic survey (HTDEM) to accelerate its expl

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct a seminar on the new Inland Revenue Act on Wednesday, September 20, 2017, from 8:30 a.m. to 12:30 p.m., at Cinnamon Lakeside, Kings Court.

Sri Lanka’s own Elephant House has unveiled its most exotic beverage to date, Lemoki; the perfect combo of Lemon and Kiwi flavours. This is the first time that a beverage with Kiwi and Lemon has been introduced locally.

The International Day for the Preservation of the Ozone Layer falls on Saturday, September 16 and Sadaharitha Plantations, as the leader in the business of commercial forestry will commemorate the occasion by inviting the nation to join hands with th

Institute of National Security Studies Director General Asanga Abeyagoonasekera was invited by the Cambridge University, Jesus College, for the 35th International Symposium on Economic Crime, held from September 3 to 10, 2017.

Championing an ambitious re-development and remodelling programme aimed at optimising healthcare delivery, Durdans Hospital opened its new purpose-built car park building to the public, which will be accessible via Alfred Place, adjoining  R. A.

Samsung Electronics revolutionized the Smart TV industry in the world with their liquid crystal display (LCD) TVs,eleven years before iPhone was introduced.

Sri Lanka Chapter is set to present ‘Good vs. Gold’, an inspiring session featuring the globally acclaimed Group Creative Director of Leo Burnett Toronto, Anthony Chelvanathan.

GE announced that it has been selected by the Shapoorji Pallonji Group (SP Group) to supply the power generation equipment for the upcoming 220 megawatt (MW) combined cycle power plant in the Bhola district  of Bangladesh.

'Eat Street CMB', was definitely an eventto be at this year with over 50 stalls serving a variety of amazing food with live music.Serendib Flour Mills partnered with this year’s open-air street food 

Serendib Hotels PLC, a unit of Hemas group, yesterday said it entered into a sales and purchase agreement with First Edge Investment Limited to acquire the controlling stake of three boutique villas in Sri Lanka’s Southern coast.

Telecommunication and Digital Infrastructure Minister Harin Fernando yesterday paid tribute to Finance and Mass Media Minister Mangala Samaraweera for removing the Telecommunications Levy on pre-paid data services.

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, yesterday showed clear intentions of becoming a major player in the country’s finance space with the acquisition of a listed finance company, as the dividing line between techn

The interest on savings made by Sri Lankans have been made liable for a higher withholding tax by the new Inland Revenue Act, which was passed in parliament last week, a business forum in Colombo was told yesterday.

JAT Technologies offers a mind blowing audio visual and ELV (Extra Low Voltage Solutions – CCTV, IPTV/MATV, Access Control, PA, Fire Alarm, Home Automation) experience at the newly opened centre at 160, 1/1, Nawala Road Nugegoda.

The National Mobile Service Provider Mobitel, has partnered with Fairfirst Insurance to offer customers an innovative micro-insurance cover that provides customers financial assistance when the insured is confined to bed due to physical disablement o

International fans innovator Casals of Spain recently hosted cocktails for potential Sri Lankan customers at Waters Edge. The event was organised by Casals’ sole representative in Sri Lanka, 

The Chartered Institute of Marketing (CIM) Sri Lanka hosted its second networking event for the year with key cricket icons, Cricket Superstar Aravinda De Silva, Ranjit Fernando, Cricket Commentator, Roshan Abeysinghe and Cricket Administrator Mohan

Vinode, a premier mobile app which brings thousands of movies and videos in Sinhala and Tamil, has joined hands as Strategic Partner with Coins Film Festival 2017, to support the next generation of artists and producers in the Sri Lankan film and dra

The key decision-making body of the International Federation for Information Processing (IFIP), the global professional body for those working in the ICT sector, has begun meeting in Colombo.

In a bid to provide advanced technological support to the fisheries community, Laugfs Lubricants introduced its latest oil blend, Laugfs ‘Power Outboard3’ oil, specifically designed for all water cooled high performance two stroke marine

Softlogic Information Technologies, one of Sri Lanka’s premier IT companies and a subsidiary of Softlogic Holdings PLC, have collaborated with ‘HappyOrNot’, a customer and employee satisfaction measuring and reporting automated solu

REUTERS: The Sri Lankan rupee ended steady yesterday as selling of the US dollar by exporters offset demand for the greenback from importers in a dull day of trade, dealers said. The spot rupee traded between 152.83 and 152.88 during the day before e

REUTERS: Sri Lankan shares ended with modest gains yesterday as local investors picked up beverage and trading shares, while block deals boosted the turnover to more than a two-month high. The Colombo stock index ended 0.08 percent firmer at 6,377.38

Lanka Social Ventures, with the aim of providing services for business ventures engaged in recycling and thereby contributing to address the issue of solid waste management, is organising a series of public seminars. 

Sri Lanka Retail Forum 2017, which was inaugurated last evening, has lined up 20 best global and local retail industry minds to share insights, make recommendations and discuss how Sri Lanka can transform itself into a regional retail hub, during tod