The first-ever India Sourcing Fair will be held from 8 – 12 December 2015 at the SLECC in Colombo. The event is organised by the India Trade Promotion Organisation (ITPO) – Public Sector Enterprise under the Ministry of Commerce, Government of India and supported by the Indian High Commission in Sri Lanka. “This is a…
Colombo equities wrapped the weekly operations with marginal negative returns on Friday amid the low investor activity. Benchmark index swung between gains and losses to end the session at 6,961.41, decrease of 1.96 index points or 0.03%. S&P SL20 index shed 0.96 index points (0.03%) to close at 3,704.04. Today’s losses were driven by the…
How can Sri Lanka be internationally branded as a wildlife tour destination? Veteran wildlife photographer and Vice President of the John Keells Group, Chitral Jayatilake speaks to Ada Derana Biz 24X7:
Fitch Ratings expects growth in sales of automobiles, mostly small cars, in Sri Lanka to slow in 2016 due to higher taxes and a weaker currency, which will increase prices of vehicles in the local currency. Tighter regulation on vehicle loans will also impact affordability for buyers. Registrations of new vehicles increased 375% in the…
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…
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