In a nationnwide address Prime Minister Narendra Modi Tuesday announced that in a step to curb blackmoney, government will demonitise currency notes of Rs 500 and Rs 1000 from midnight November 8. The Prime Minister said that blackmoney to the tune of Rs 1.25 lakh crore has been unearthed during last two-and-a-half years, since he…
Talks to enhance bilateral trade between Sri Lanka and Bangladesh opened in Colombo today 9 November. The first Ministerial level talks to take place since the Dhaka round in 2012, the session focused on co-operation in trade and industry, and specifically air services, tourism, shipping, and ITC. “Today, Sri Lanka and Bangladesh are enjoying extremely…
Oil prices tumbled on Wednesday as Donald Trump stunned the world by winning the U.S. presidential election, throwing global markets into turmoil in a result reminiscent of June’s Brexit vote. Crude futures markets roared into action, with trading accelerating as Europe joined Asia, as Trump defeated Democrat Hillary Clinton in the bid for the White…
The Ceylon Chamber of Commerce, the country’s premier business chamber will hold its customary post budget seminar on the 15th of November, 2016, with the participation of finance Minister Honorable Ravi Karunanayake. He will be joined in by senior Treasury officials and also independent tax specialists for a panel discussion and an open forum. The…
Reuters – The chief of one of Asia’s most prominent financial trade bodies on Tuesday said new cyber security rules in China could make it harder for foreign companies operating in the country to manage risk as cyber threats become increasingly cross-border. Speaking at the Thomson Reuters Pan-Asian Regulatory Summit in Hong Kong, Mark Austen,…
Reuters – Sri Lankan shares closed at a more than two-week high led by large-cap beverages stocks while foreign investors picked up beaten down counters ahead of the national budget scheduled on Nov. 10. The benchmark index of the Colombo Stock Exchange ended 0.15 percent firmer, or 9.80 points, at 6,444.97, its highest close since…
Australian High Commissioner in Sri Lanka Bryce Hutchesson and the Finance Minister Ravi Karunanayake held a special discussion on Friday at the Finance Ministry focusing attention on the future development initiatives in Sri Lanka and the strong bilateral relations between two countries. The High Commissioner assured fullest technical assistance from Australia to further increase the…
The much awaited 2017 national budget by the coalition government will come under focus at the annual budget seminar organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). The annual seminar, which will feature a keynote speech by Finance Minister Ravi Karunanayake, will be held on Saturday, 12th November 2016 at…
SDB bank joined hands with Trail 2016 as a sponsor on the last day of the 28-day walk which was from Point Pedro to Dondra Head. The management and staff of SDB bank joined the walk for cancer from its Matara branch,showing its commitment to supporting the laudable project. SDB bank which is a financial…
Plans are afoot to reduce the 2017 budget deficit from the existing 5.4 per cent to 4.7 per cent of the GNP and towards this new ways to increase government revenue would be implemented, said Finance Minister Ravi Karunanayake. The Finance Minister added that most individuals earn large profits through land and property trades and…
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