At a recently concluded Awards ceremony in Singapore, Hayleys Puritas Sath Diyawara (and its associated ‘Going Beyond’ Initiative) was awarded the prestigious Asia Responsible Entrepreneurship Award 2016(AREA), in the Health Promotion and Social Empowerment categories. As the most prestigious recognition for enterprises in the region, AREA recognizes and honours the best and most deserving Asian…
• Hire 1 named Winner, and Impact Entrepreneurship Award recipient • Quebee Den and Direct2Door adjudged Runner-up and Second Runner-up, respectively The 2016 edition of Venture Engine drew to a close recently, with a gala awards night at the Kingsbury Hotel. Marking the fifth anniversary of a programme that has become widely known for empowering…
Reuters – Sri Lankan shares fell for an eighth straight session on Wednesday as sentiment continued to be lacklustre following a minister’s comments a day earlier on the imposition of capital gains tax on equities. Sri Lanka will impose a capital gains tax on profits from equities, a senior government minister said late on Monday,…
Mr. Tillak Wickramasinghe, the Proprietor of Skyways was elected as the President of the IATA Agents Association of Sri Lanka (IATA – AASL). He was elected for the post, during the 28th Annual General Meeting of the IATA Agents Association of Sri Lanka (IATA-AASL), which was held on 26th May, 2016 in Nairobi, Kenya. Apart…
AFP – Australian mogul James Packer won approval on Tuesday for a towering six-star hotel and casino complex on Sydney harbour aimed at Asian high-rollers, with work expected to begin shortly. The New South Wales state government legislated to site the Crown Sydney Hotel Resort on foreshore land previously earmarked as public open space in…
The government is to rehabilitate and reactivate Sri Lanka’s ailing toddy distilleries at an estimated cost of Rs. 1125.5 million and by introducing new equipment in a bit to enhance the livelihoods of the toddy tapping community and those who depend on the palmyrah industry in the north. Toddy tapping has had to be restricted…
Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH and FFH.U) announced that it has, through its wholly-owned subsidiary, Fairfax Asia Limited (“Fairfax Asia”), entered into an agreement with Asian Alliance Insurance PLC to acquire all of the issued and outstanding shares of Asian Alliance General Insurance Limited (“AAGI”), a Sri Lankan insurer. The transaction is subject to…
The Ceylon Chamber of Commerce held its 177th Annual General Meeting on the 28th June, 2016 at the Cinnamon Grand Hotel in Colombo. The Chief Guest of the occasion was His Excellency Atul Keshap, US Ambassador to Sri Lanka and Maldives. The AGM saw the reappointment of Mr. Samantha Ranatunga as the Chairperson of the…
Reuters – Sri Lankan shares ended weaker on Tuesday, falling for the seventh straight session, as comments from a senior minister on the imposition of capital gains tax on equities dented sentiment while fresh woes after Brexit also weighed. Sri Lanka intends to impose a capital gains tax on profits from equities, a senior government…
Recently, Health Minister Dr. Rajitha Senaratne said that steps would be taken to strongly implement the gazette notification making it compulsory for the sugar contents in soft drinks to be indicated through a colour code label. The gazette notification stated that the sugar contents in all soft drinks should be indicated through a colour code…
Video Story
