?Finance Minister Ravi Karunanayake said that a Rs.1 million annual levy aptly named the ‘Mansion Tax’ will be charged from owners of all residences valued over Rs.100 million or spanning over 5000 square feet.

Finance Minister Ravi Karunanayake said that every casino license issued till now will be subject to a one time Rs.1 billion tax.He said that the Treasury will gain Rs.5 billion influx from the move. Vallibel One owner and Sri Lanka’s richest i

Finance Minister Ravi Karunanayake yesterday revealed that the public debt burden in reality is at 88.9 percent of the country’s Gross Domestic Product (GDP) or Rs.8.82 trillion, instead of the 75 percent figure which was flaunted about by the

Etihad Airways has announced a number of schedule changes to the airline’s flights between its Abu Dhabi hub and Chicago, New York, and Toronto, which will start on Sunday 29 March 2015.The move will provide convenient schedule options for Sri

Michelle Boutique Hotel, a subsidiary of Mos-Lanka Holdings, has been awarded the prestigious and much coveted five-star International Hotel Award for 2014, in the category of Small Luxury Hotels Asia Pacific region, sponsored by Rolls-Royce Motor Ca

Access Engineering PLC has secured a contract with ITC Limited, one of the largest diversified conglomerates in India, for the upcoming iconic luxury hotel and residences project, ITC Colombo One.

NDB granted two long-term facilities worth Rs.3.3 billion towards the construction and commissioning of two wind power projects in Vallimunai and Puloppalai of the Killnochchi district.  

Pan Asia Bank, which has been expanding the horizons of the local banking industry with its innovative banking products and impressive growth record, has been bestowed with two awards by Global Banking and Finance Review.

Thilak Karunaratne assumed duties as the Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) yesterday. Previously, Karunaratne served in the same capacity from December 2011 to August 2012.

Etisalat Lanka, the only network in Sri Lanka to complete 25 years in the mobile telecommunications sector, introduced a promotional scheme to reward its loyal customer base of 4.5 million connected to the 072 network.

Ronald Perera appointed BoC Chairman President’s Counsel Ronald Perera has been appointed Bank of Ceylon Chairman. He is due to assume office this morning. Perera is an experienced lawyer with a wide practice in the original courts as well as i

Sri Lanka Telecom (SLT), the national ICT solutions provider announced the breaking news regarding the launch of the company’s Happy Broadband campaign.

Laksala, the leader in handicraft, gift & souvenir market in Sri Lanka has recorded a 25 percent year-on-year growth.The supplier base too has continuously increased and recorded over 8,000 craft entrepreneurs in 2014 from various parts of the co

Thilak Karunaratne will assume duties as Chairman of the Securities and Exchange Commission today.This is the second time Karunaratne will assume duties as chief of the stock market regulator.Karunaratne was first appointed as the SEC Chairman in Dec

With the end of a three decade civil war and the doors now opened for brands and businesses in a wide range of industries, Jaffna is considered to be amongst the most lucrative destinations today in Sri Lanka and the peninsula held its Jaffna Interna

Amãna Takaful PLC the only fully-fledged Takaful operator in the country and  flag bearer of the Takaful way of insurance in Sri Lanka recently announced the transfer of its Life insurance business to Amãna Takaful Life Limited.&nb

Sri Lanka Telecom (SLT), the national ICT solutions provider and a responsible corporate citizen, adjudged as being amongst the top ten corporate citizens in Sri Lanka, launched its much awaited calendar and complimentary items for the year 2015 unde