The valuation costs of Honda Vezel and Toyota Premier vehicles have been revised and accordingly their import duties have increased by around Rs. 300,000 to 400,000, Sri Lanka Vehicle Importers’ Association chairman Indika Sampath Merinchige told Ada Derana Biz. The Sri Lanka Vehicle Importers’ Association chairman added that when the models of these vehicles change…
Successfully established in Sri Lanka, Indonesia, Maldives and Australia, OMAK has aggressive plans for all South East Asian countries BOV Capital, the first Sri Lanka-and Singapore-based venture capital fund focusing on Sri Lankan ventures that export technology-oriented products and services, recently led a successful investment round for OMAK Technologies, a fast growing regional Restaurant Management…
The CCC expresses concern on the recent implementation of fixed prices on medicinal drugs announced by Government Gazette. Sri Lanka has a strong and accessible public healthcare system, complemented by a quality private healthcare system that is catering to evolving needs of the Sri Lankan people. While all Sri Lankans, regardless of socio-economic conditions, have…
Being a smaller economy, it is important for Sri Lanka to align with Sustainable Development Goals. “It is important for a smaller economy such as Sri Lanka to streamline its trade and economic policies aligning them with sustainable development goals” said Minister of Industry and Commerce Rishad Bathiudeen making a presentation on the side-lines of…
Reuters – Sri Lankan shares fell on Friday from a near two-week high hit in the previous session as investors waited for cues from the national budget scheduled on Nov. 10. The benchmark index of the Colombo Stock Exchange ended 0.11 percent weaker, or 6.92 points, at 6,435.17, slipping from its highest close since Oct….
Samsung Electronics, which is already reeling from a global recall of its Note 7 smartphones, said it would recall about 2.8 million of its top-load washing machines in the United States to address safety concerns. The top of the washing machines can unexpectedly detach from the chassis during use, posing a risk of injury from…
Krishan Balendra and Gihan Cooray have been appointed to the main Board of Directors of John Keells Holdings PLC. Ajith Gunawardene and Ronnie Pieris are to retire from their positions in the Board of Directors effective 2017. Mr. Balaendra and Mr. Cooray are to replace them following their retirement. Krishan Balendra was appointed to the…
The arrival of the luxury cruise ‘Genting Dream’ was announced to take place at the Colombo Port on 31th October 2016 (Monday) along with the Inaugural Cruise Ceremony on board at 17:00pm. Dream Cruises, the first-ever Asian luxury cruise line and a member of Genting Hong Kong, announce the official debut of the newly completed…
Finance Minister Ravi Karunanayake says that the prices of powdered milk will not be increased for whatsoever reason following the recent imposition of VAT on imported powdered milk. VAT was imposed on imported powdered milk with effect from November 1st under the new VAT Amendment Act. However the powdered milk importers cannot increase prices without…
During the first six months of FY 2016/17, Hemas Holdings PLC (HHL) and its subsidiaries achieved a consolidated revenue of Rs.20.6Bn, year-on-year (YoY) growth of 12.1%, operating profit reached Rs.2.1Bn and earnings Rs.1.5Bn, growth of 28.9% and 47.0% respectively. Overall the Group has grown well despite lower than expected economic growth at 3.9%, unfavorable weather…
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