Governor of the Central Bank of Sri Lanka Dr. Indrajit Coomaraswamy will deliver the 21st Annual Tax Oration organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on 19th January 2017. Dr. Coomaraswamy will speak on the topic ‘Revenue Based Fiscal Consolidation towards Sustainable Growth.’ Dr. Coomaraswamy was appointed as the…
The U.S. Environmental Protection Agency on Thursday accused Fiat Chrysler Automobiles NV of illegally using hidden software that allowed significant excess diesel emissions, the result of a probe that stemmed from regulators’ investigation of rival Volkswagen AG. The EPA action affects 104,000 U.S. trucks and SUVs sold since 2014, about one-sixth the number of vehicles…
SriLankan Airlines is pleased to note that despite the closure of the runway during the daytime hours from 6th January to 6th April 2017, its services and operations at the Bandaranaike International Airport in Katunayake are proceeding seamlessly, with minimal inconvenience for both inbound and outbound tourists. The current smooth synergy between the Civil Aviation…
Reuters – Sri Lankan shares ended at their highest in over a week led by market heavyweight John Keells Holdings as speculation over the country regaining a trade concession helped boost sentiment, stockbrokers said. The market shrugged off foreign outflows in an oversold market, dealers said. The European Commission, after close of market hours, said…
In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MOU) with the Department for Registration of Persons on January 11, 2017 at the Central Bank of Sri Lanka to receive information in order to…
Removal of customs duties would be accompanied by rigorous monitoring and conditional on continued commitment to sustainable development, human rights and good governance. The European Commission today proposed that a significant part of the remaining import duties on Sri Lankan products should be removed by the European Union in exchange for the country’s commitment to…
None of the companies like John Keells, Aitken Spence, Hayleys, Access etc are the wealthiest in Sri Lanka, said Prime Minister Ranil Wickremesinghe. Adding further, the Prime Minister said that the wealthiest commercial organization is the Employees Provident Fund (EPF). He said that if needed, this organization has the capability of buying over all these…
Redefining Expectations of the Discerning Business Traveler Park Inn by Radisson®, the star-class hospitality brand marked its entry on the paradise isle at a Ground-breaking ceremony held on Monday, under the patronage of Hon. John Amaratunga, Minister of Tourism Development & Christian Religious Affairs. An investment of the Sofia Hospitality (Pvt) Ltd., a subsidiary of…
Dr. Harsha de Silva, Deputy Minister of Foreign Affairs, visited Singapore on 9th January 2017 to address the Public Forum cum Panel Discussion on the theme “The Indian Ocean” organised by the Institute of South Asian Studies (ISAS) of the National University of Singapore. The other speakers who participated at this inaugural session of Distinguished…
Reuters – Sri Lankan shares erased early gains to end marginally lower on Tuesday as yields on short-term government securities rose in a weekly auction amid uncertainty over government’s monetary and budget policies. Yields on treasury bill auctions rose 9-19 basis points at a weekly auction on Tuesday to its four-month high, rising for the…
Video Story
