A&E, a global leader in premium quality industrial and consumer sewing thread, embroidery thread and technical textiles, announced this month its strategic alliance with CGS, a provider of business applications, enterprise learning and outsourcing services, to improve productivity, quality and employee motivation within manufacturing operations. A&E has long been committed to assisting with the challenges…
Sri Lanka yet again showcased its dominance as the regional hub for telecommunications with Dialog Axiata demonstrating 5G (Generation) Technology for the first time in South Asia, paving the way for next generation wireless connectivity with speeds in excess of 35 Gbps (Gigabits Per Second). The ground-breaking 5G technology capability trial was carried out by…
Licensed Telecommunications Operators announced that all mobile and fixed line subscribers will be granted a 10% bonus usage on Internet Packages/cards as a special gesture to mark the removal of Telco Levy by the Government. Operators in a joint statement said that the removal of the Telco Levy on internet by the government is a…
World’s leading trade integrator has tipped its hat to Sri Lanka on the country’s economic performance in its latest Trade Policy Review (TPR)on the country–the most comprehensive international assessment executed across WTO body of members. In its TPR 2016, which has the final conclusions on the 164 member country review session in Geneva in 2016,…
Reuters – Sri Lankan shares fell to their lowest close in more than four months on Tuesday as persisting uncertainty over a proposed tax reform bill dragged down blue chips. The Colombo stock index fell 0.39 percent, or 25.21 points, to 6,395.32, its lowest close since April 18. The index shed 4.1 percent since July…
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…
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…
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…
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…
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…
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