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DIMO hails Govt. levy reduction on small trucks

Says move will help common man’s mobility, appeals for further reduction to spur entrepreneurship Diesel and Motor Engineering (DIMO) Chairman Ranjith Pandithage yesterday hailed the Finance Ministry’s decision last week to reduce tax on small trucks saying the new move is positive for the public, especially entrepreneurs. “We appreciate the recent decision to reduce tax…

(0) Comments | August 22, 2017 3:30 pm


HUAWEI Ranked 83 in the Top 100 of the Latest Fortune 500 List

In this year’s Fortune 500 that came out in the evening of July 20th, HUAWEI climbed up the list to the 83rd place from the 129th of last year with a revenue of $78.51 billion, making the top global 100 for the first time. The Fortune 500 list has always been the most prestigious and…

(0) Comments | August 22, 2017 4:02 pm

Lanka Hospitals Diagnostics honoured with prestigious medical laboratory accreditation from College of American Pathologists (CAP)

Multi award-winning, dynamic hospital brand, Lanka Hospitals Corporation PLC, continues to reach new heights of excellence in the Healthcare services sector. Its fully-owned subsidiary Lanka Hospitals Diagnostics (LHD) was recently granted the prestigious accreditation status by the College of American Pathologists (CAP) as recognition for meeting globally-acceptable standards of Medical Laboratory practices. Lanka Hospitals Diagnostics…

(0) Comments | August 22, 2017 2:41 pm

Porsche to the future with positive first-half result

Workforce grows by twelve per cent to more than 29,000 employees   Stuttgart. In the first half of 2017, Porsche AG increased its operating result, revenue, deliveries and number of employees. Six months into the year, Porsche’s operating result has reached 2.1 billion euro, an increase of 16 per cent. Revenue increased by eight per cent…

(0) Comments | August 22, 2017 2:29 pm

Mastercard and Educate Lanka make education, employment opportunities more accessible to underprivileged women in Sri Lanka

Mastercard has joined hands with Educate Lanka to empower Sri Lanka’s young women as part of its “Doing Well, Doing Good” initiative. As part of the collaboration, Mastercard will fund a scholarship programme as well as a skills development and mentorship platform, supported by the company. The initiative seeks to build a more inclusive future…

(0) Comments | August 22, 2017 11:27 am

CSE Toastmasters Club holds its 3rd Installation Ceremony

The CSE Toastmasters Club celebrated the achievements of its second Toastmaster year and made appointments of new members and office bearers at the Club’s 3rd Installation Ceremony, which was recently held at the CSE. The ceremony was graced by the Chief Guest – CSE CEO Mr. Rajeeva Bandaranaike, Guest of Honor – District Director, District…

(0) Comments | August 22, 2017 11:22 am

Amãna Bank featured at IDB Innovation Exhibition – Jeddah

In recognition of its innovative financial solutions, Amãna Bank was recently invited to take part at the Innovation Exhibition organized by the Islamic Development Bank (IDB) which was held on along with the 42nd Annual Meeting of IDB Board of Governors. The exhibition held in Jeddah, brought together several projects from IDB member countries that…

(0) Comments | August 22, 2017 11:17 am

Taniya wins 2017 NDB Private Wealth Junior Masters Challenge Trophy

Expert financial planner NDB Wealth recently concluded its third consecutive NDB Private Wealth Junior Masters Golf Championships.   Held on August 18, 2017, at the historic Royal Colombo Golf Club (RGCG), this year’s edition saw Taniya Minel Balasuriya beat out the pack to emerge as the overall tournament winner, going on to lift the coveted…

(0) Comments | August 21, 2017 5:36 pm

Airtel clocks fastest internet speeds in Sri Lanka

Tops TRCSL 3G speed tests from November 2016   There are many claims in the market of varying internet speeds, the only body authorised to carry out speed test in Sri Lanka the Telecommunications Regulatory Commission of Sri Lanka (TRCSL), released its latest publication of internet speeds by service providers on their website ( Accordingly…

(0) Comments | August 21, 2017 5:31 pm

‘Eau De Ceylon’ Collection by Spa Ceylon

Spa Ceylon – the world’s largest luxury Ayurveda brand – has just introduced ‘Eau De Ceylon’ – an innovative new range of nature inspired colognes to refresh & delight the senses.  These aromatic blends are based on Spa Ceylon’s Aromaveda concept – combining the olfactory pleasures of natural plant oils with the Vedic benefits inherent in essential…

(0) Comments | August 21, 2017 1:52 pm

Uber and BookMyShow partner for Sri Lanka vs India 2017 series

With the Sri Lanka vs India series in full swing, Uber, the ridesharing app that is redefining urban mobility across the world, is proud to announce its partnership with BookMyShow, India’s largest online entertainment ticketing brand and the official mobility partner for the ongoing cricket series. Now, not only can riders purchase a ticket for…

(0) Comments | August 21, 2017 1:48 pm

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EASL hails Finance Minister’s announcement on SVAT

The Exporters Association of Sri Lanka (EASL) records its deep appreciation of the recent announcement made by the Minister of Finance, Hon Mangala Samaraweera that the current system of Suspended Value Added Tax (SVAT) will remain unchanged. Prior to the implementation of the SVAT system, Exporters experienced serious difficulties including  cash flow issues, which constrained…

(0) Comments | August 22, 2017 3:25 pm

ODEL opens new 10,000 sq. ft. area at Alexandra Place

Creates space for exciting new arrival ‘Aldo’ and a mega Sportswear Dept. among others  Fashion retail giant ODEL has added another 10,000 square feet to its flagship store at Alexandra Place, offering shopaholics an opportunity to explore an exciting new space internationally designed and built by Blocher Partners – the Germany headquartered architecture firm that…

(0) Comments | August 22, 2017 2:54 pm

SINOSURE backs first-ever private sector financing facility in Sri Lanka

LAUGFS Gas Plc and Standard Chartered announced the first-ever private sector financing facility in Sri Lanka supported by China Export and Credit Insurance Corporation (SINOSURE) for the 30,000 MT LAUGFS Import and Export Terminal at Hambantota. As a principal party to this transaction, Standard Chartered acted as the coordinating bank, sole facility arranger and lender…

(0) Comments | August 22, 2017 1:34 pm

Hayleys PLC says Ceylon Chamber’s Sustainability competition transformed the CSR agenda of the Sri Lankan business landscape

Chamber is now calling applications for the ‘Best Corporate Citizen Sustainability Award 2017’ Hayleys PLC, the Grand Slam Winner of the ‘Best Corporate Citizen Sustainability Award 2016’ says sustainable way is the only way to operate a successful business. This was said by Hayleys PLC, when Ms. Imara De Chickera, General Manager of Corporate Communications…

(0) Comments | August 22, 2017 1:13 pm

‘Target 9.2 accelerates Sri Lanka industries towards global Sustainable Development Framework’- UN

The Sri Lankan industry sector has called for an enhanced role of the UN in its development while the UN praised Sri Lanka’s commitment to sustainable and inclusive industrialization in line with Target 9.2 of the global Sustainable Development Framework. “It’s great that the Ministry of Industry is committed to the Sustainable Development Framework” said…

(0) Comments | August 22, 2017 11:31 am

Sri Lankan shares end weaker in thin trade; tax proposal weighs

Reuters – Sri Lankan shares ended weaker on Monday, lingering near a four-month low, in their lowest turnover in nearly a month, as investors awaited direction on a new tax reform bill after a string of disappointing June-quarter corporate results. The Colombo stock index fell 0.24 percent, or 15.75 points, to 6,420.53, hovering near its…

(0) Comments | August 22, 2017 11:04 am

CBSL appoints new Deputy Governor

The Monetary Board, with the concurrence of the Minister of Finance, has promoted Assistant Governor C.J.P. Siriwardana to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 19th August 2017. Mr. Siriwardana has over 31 years of experience in the Central Bank especially in the areas of Economic…

(0) Comments | August 22, 2017 11:02 am

Inflation in July 2017

Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics (DCS), remained unchanged from the previous month at 6.3 per cent in July 2017, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in July 2017. The…

(0) Comments | August 21, 2017 5:21 pm
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In India, diesel cars killing air: Study

NEW DELHI: An international study, testing on-road emissions of passenger cars in India, says a diesel SUV may be emitting 25 to 65 times more oxides of nitrogen (NOx) than a small petrol car. On-road emissions of diesel cars may also be far higher than their emissions under lab certification conditions, it adds. The study,…

(0) Comments | August 13, 2017 9:35 pm

Rise Of Job Expectation And Ability To Save Despite The Decrease Of Expectation Of Reduction Of Corruption

Perceived Economic Opportunity PEO: May, 2017   This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in May 2017 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months.   Status…

(0) Comments | August 9, 2017 1:49 pm

Veteran stories from 150 years of Pure Ceylon Tea: Jayantissa Ratwatte

Having travelled the plantations extensively with some of his kinsmen who were already in the tea industry as a school boy during the 1950s, Jayantissa Ratwatte was a frequent visitor to the island’s hill country tea plantations and so the transition from books to tea was quite an organic one. Continuing a tradition that started…

(0) Comments | August 2, 2017 12:06 pm
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