The recent and most controversial topic world-wide was the majority of the British voting at the referendum in favour of Britain leaving the European Union. Academics are of the opinion that this would cause major political and economic impacts globally. TV Derana took steps to create a wide dialogue over this issue through its segment…
Eighty per cent of the taxes are imposed indirectly and 20 per cent directly through the existing taxation system. Hence, this system should be changed completely, said Ceylon Chamber of Commerce chief economist Anushka Wijesinha while joining Ada Derana for an exclusive interview. While commenting further, Anushka Wijesinha said that this should be changed to…
The Finance Minister and Central Bank Governor set to speak on the first session of the summit His Excellency the President Maithripala Sirisena will inaugurate the Sri Lanka Economic Summit 2016 as the Chief Guest and is set to address the audience thus setting the tone for a vital two day summit, which will discuss…
The Sri Lankan economy continues to come under pressure, owing to both domestic and external factors, with the International Monetary Fund’s (IMF’s) latest statement on its US$ 1.5 billion support programme underscoring the urgent need for the country to put its finances in order. As the IMF explains, “the Sri Lankan economy has good underlying…
Diesel and Motor Engineering PLC (DIMO) has yet again been recognized as one of the ‘Great Places to Work in 2016’ in Sri Lanka. This is the 4th consecutive year that DIMO has achieved this accolade. Each year, Great Place to Work (GPTW) partners with more than 5,500 organizations with some 10 million employees worldwide…
Reuters – Sri Lankan shares rose for a third straight session on Friday and posted their highest close in two weeks, as foreign investors continued to buy into banking and diversified stocks after recent losses. Overseas investors, who have offloaded shares worth a net 5.63 billion rupees ($38.83 million) so far this year, bought equities…
Amãna Bank has received recognition from the world renowned ‘Global Finance Magazine’ by being amongst the handful to be listed in the magazine’s ‘The Innovators 2016’ index. This prestigious distinction recognizes ground breaking organizations worldwide that are disrupting the marketplace and engendering new solutions. The honour for Amãna Bank was bestowed on account of their…
BMW Group, Intel, and Mobileye are joining forces to make self-driving vehicles and future mobility concepts become a reality. The three leaders from the automotive, technology and computer vision and machine learning industries are collaborating to bring solutions for highly and fully automated driving into series production by 2021. The future of automated driving promises…
Nissan today unveiled the new 2017 Pathfinder, which the company says is designed with “more adventure capability, a freshened exterior look and enhanced safety and technology.” The new version of the seven-passenger SUV will be offered in both two-wheel and four-wheel drive options in grade levels S, SV, SL and Platinum. “The Nissan Pathfinder has…
The KOPIA (KOrea Program on International Agriculture) Sri Lanka Centre established a model farm village for rice production at Rajanganaya in partnership with the RRDI (Rice Research and Development Institute) Bathlagoda of the Department of Agriculture, to improve productivity and quality of rice in the region by utilizing Korean agricultural technology. The partnership is based…
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