SriLankan Airlines will operate a series of special charter flights between Colombo and Guwahati, India, to carry Sri Lanka’s national athletic contingent for the 12th South Asian Games 2016. The five special flights on Airbus A330 aircraft will operate from Colombo on the 3rd, 5th, 9th, 15th and 17th of February to carry 260 passengers,…
The Sri Lankan multinational Haycarb PLC reported a revenue growth of 5% to Rs. 8.4 billion and profit before tax of Rs. 702 million for nine months ending 31st December 2015. The profit after tax stood at Rs. 600 million. Commenting on the financial results, Haycarb PLC Managing Director, Mr. Rajitha Kariyawasan said, “The Company…
Finance Minister Ravi Karunanayake revealed that the Government has collected Rs. 232 billion as tax revenue from vehicle imports in 2015, the total tax revenue collected by Sri Lanka Customs amounted to Rs. 783 billion, of which one-third was generated through vehicle import duties He said the Finance Ministry has set a revenue collection target…
The State Minister for Finance Lakshman Yapa Abeywardena said the government will upgrade the economy encouraging production and increasing exports. This was stated by the Minister recently participating at the opening of the Venora Lanka Power Panels (Pvt.) Ltd. Factory at the Biyagama Export Processing Zone. The State income that was at 19-pct has come…
The Sri Lanka Ports Authority (SLPA) revealed that the total container volume handled at the Colombo port during January 2016 has increased by 3.6% to 197,228 TEUs compared with the same period of 2015 reported for 190,285 TUEs. It further reveals that progress was achieved by the time of new administration came in to work….
New research reveals 79 percent of real estate agents surveyed in Sri Lanka believe interest in green buildings increased between 2014 and 2015. This is according to the recently-released Lamudi Real Estate Market Report, which shares insight into sustainability in Sri Lanka. One survey conducted by Lamudi Sri Lanka showed over 64 percent of respondents…
Reuters – Feb 2 Sri Lankan shares rose for a fourth straight session on Tuesday to close at their highest level in nearly three weeks, led by Expolanka Holdings after a major shareholder bought an additional 16 percent stake in the company. Japan-based SG Holdings Global Pte Ltd acquired the stake at 8.30 rupees per…
The new president of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Mr. Lasantha Wickremasinghe recently unveiled a four-point plan for the next two years, which, according to him will help the institute and the accounting profession remain at the helm. Delivering his inaugural address as the 23rd President of the institute,…
Hutch CEO commends TRC for new Flat Rate determination The Telecommunication Regulatory Commission (TRC), the country’s telecom regulatory authority has established a new flat calling rate from 01st February, 2016. The old dual on-net/off-net tariff structure charged mobile subscribers twice the rate for calling off-net compared to calling on-net. This caused a lot of confusion…
In 2014 SLT proudly announced its partnership with 15 international telecommunication operators representing 17 countries, in the formation of a consortium in order to build the South East Asia – Middle East – Western Europe 5 (SEA-ME-WE 5) state-of-the-art undersea cable system. The 1st of February 2016 marked the arrival of this multi-regional superhighway in…
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