As the national IT/BPM Chamber of Sri Lanka, SLASSCOM is encouraged by the Budget 2016, which has taken into consideration the needs of the country’s flourishing IT/BPM industry and has allocated funds to support initiatives that are vital to the growth of the industry. Minister of Finance Ravi Karunanayake in his budget speech said, “Honourable…
The first budget of the new unity Government presented to the Parliament on the 20th by Hon. Ravi Karunanayake, Minister of Finance receives a warm welcome by the Tea Exporters Association, the Apex Private Sector body for the tea export community, in the country. 2016 Budget is one of the most pragmatic, development oriented budgets…
Colombo bourse stretched losses for the second straight-session as across the board selling pressure pulled the index to a 20-week low on Thursday. ASI lost 46.62 index points or 0.67% to close at 6,963.37 while the liquid S&P SL 20 index lost 30.61 index points or 0.82% to close at 3,705.00. Weak post-budget sentiments were…
An exclusive discussion Ada Derana Biz 24X7 had with pioneer of ODEL and current Director of the Embark fashion chain Otara Del Gunawardene:
Minister of Finance Mr. Ravi Karunanayake recently declared that the 2016 budget has paved the way for Sri Lanka to be among the best and lowest tax paying regimes in the world. Addressing a houseful audience of over 900 including professionals, students and members of public at the Annual Budget Seminar organized by the Institute…
The claim that the fee for vehicle emission testing has been increased to Rs. 5,000 is false whereas this increased amount should be in fact paid to the relevant Divisional Secretariats and not to the companies carrying out these tests, said W.K.H. Wegapitiya, the chairman of the Laugfs Group of companies. This is not an…
The vehicles for which the manufacturing tax has been reduced through new budget are currently not in use in any country in the world. The Finance Minister has prepared his budget proposals while eying the vehicles to roll out only in 2015, said the co-chairman of the Vehicle Importers’ Association, Kokila Deekiriwewa. He made this…
The gross official reserves which stood at USD 8.8 billion by end last September, has grown to USD 08 billion by 30 November 2015, says the Central Bank of Sri Lanka (CBSL) in its Monetary Policy released for November 2015. The CBSL adds further that the Sri Lankan Rupee has depreciated by 8.1 per cent…
* World class eco factory to produce comprehensive range of retail packaging solutions for Asia and Europe in a sustainable manner Wilkins Spence Sri Lanka, a subsidiary of the Wilkins Group UK, recently celebrated the opening of its state-of-the-art factory to produce retail packaging solutions in Mawaramandiya. The opening was attended by the Board of…
The Colombo Stock Exchange (CSE) announces the proposed establishment of an Institution to act as a Central Counter party for all secondary market transactions on the CSE. This institution which is a 100% owned company of the CSE will act as a Central Counter Party and guarantee settlement of cash and delivery of securities for…
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