Seven new foreign Ambassadors and High Commissioners accredited to Sri Lanka presented their credentials to President Maithripala Sirisena at the President’s House in Colombo today (May 6). The Envoys who presented credentials are: Mr Ashraf Farhad Shikhaliyev – Ambassador of Republic of Azerbaijan Mr Daniel Chuburu – Ambassador of Argentine Republic Mr David John Holly…
OSLO/KUALA LUMPUR (Reuters) – Norway’s Telenor and Malaysia’s Axiata Group are in talks to form a jointly-owned Asian telecoms company with close to 300 million customers, in a push to cut costs and boost growth, the companies said on Monday. If a deal is finalised, the merged business combining the two companies’ South Asian and…
Latest Cabinet decisions outlined that according to a budget proposal it has been proposed to implement a project for the provision of computer facilities in schools with a view to developing the learning and teaching process in the school educational system. Thus the proposal made by Akila Viraj Kariyawasam, the Minister of Education, to secure…
Recent Cabinet proposals outlined that It was decided by the Cabinet to establish a Committee under the Chairmanship of the Minister of Tourism Development, Wildlife and Christian Religious Affairs comprising of a further five relevant Ministers, to make a study of the measures to be taken to overcome the situation faced by the tourist industry…
Sri Lanka’s LMD-Nielsen Business Confidence Index (BCI) had declined for the second consecutive month, registering 77 basis points in April compared to 90 in March, and the BCI is now at its lowest level in over a decade. Further LMD notes that since the monthly survey was conducted in the first week of April, it…
The latest Cabinet decisions highlighted that under the National Minimum Wage of Workers Act, No.3 of 2016, the minimum monthly wage of the workers of the private sector has been fixed as Rs.10,000/- and the daily wage as Rs.400/- to be effective from the 01st of January 2016. Further The National Labour Advisory Council has…
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, had the distinction of being awarded the title Sri Lanka’s Most Valuable Brand 2019 by BrandFinance, the world’s leading independent brand valuation consultancy, at the 16th edition of its annual awards. Dialog was also accorded the title ‘Top Telecommunications Brand’ for 10 years, by BrandFinance, reaffirming the…
Seylan Bank made a steady start in 2019 by posting a Profit after Tax of Rs. 903 Million in Q1 despite less than ideal market conditions. Net interest income increased by 5.17% during the 1Q 2019 while net fee and commission income from core banking activities witnessed a decrease of 2.92% to reach Rs. 966…
Bloomberg – Sri Lanka will consider a tax amnesty program for the tourism industry in a bid to help companies recover from the Easter Sunday terrorist attacks that killed more than 250 people, Finance Minister Mangala Samaraweera said. The industry has requested tax waivers, including on the importation of security gear in the aftermath of the blasts…
The undersigned, strongly oppose the unilateral decision by the Sri Lanka Ports Authority (SLPA) to increase port tariffs. A Joint Consultative Committee (JCC) which included the undersigned as well as officials of the SLPA was established by the Ministry of Ports, Shipping and Southern Development, to enable a consensus driven mechanism to resolve the issues…
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