Colombo Bourse continued the lackluster trading activity on Thursday and closed with mixed returns amid the low investor interest due to lack of clarity in policy directions. Benchmark index declined to 7,072 mark during the session but closed higher at 7,085.65 with a marginal increase of 0.20 index points or 0.00%. 20-scip S&P SL index…
Sri Lanka will seek international competitive bids to select operators for its first urban railway project, the head of the country`s investment agency said. Upul Jayasuriya, chairman of Sri Lanka`s Board of Investment, spoke to The Nikkei while on a visit to Japan about Sri Lanka`s urban railway project. The plan is for a 30-kilometer…
How the prices of many Japanese vehicles imported to Sri Lanka would increase was reported yesterday (07 October). As revealed to us, though the government had initially announced that the price increase would be effective on these vehicles for which Letters of Credit had been opened after 17 September 2015, it has now been announced…
Through the Gazette notification No. 1933/16 pertaining to imposing Customs duties, the government has announced new Customs duties on Japanese motor vehicles like Toyota and others imported to Sri Lanka. Accordingly, the Customs duty on a Toyota Aqua vehicle has been increased by Rs. 770,000while the duty on a Toyota Axio vehicle has been increased…
Sri Lanka has reportedly asked India to change the location of a stalled US$500 million power project to be built by NTPC Ltd. This is the second time that Sri Lanka has made the request for change of location for this project. The first was in 2007. Any change in the project’s location will require…
Visitors to Sri Lanka as well as Sri Lankans travelling overseas can now support the country’s brand with a cause and live the passion prior to departure, following the opening of an independent Embark store at the Bandaranaike International Airport (BIA) Katunayake. Hot on the heels of the opening of the first independent Embark store…
Japan’s Foreign Ministry has announced that the Japanese government is to provide USD 380 million (Yen 45.4 billion) for the expansion of Sri Lanka’s Bandaranaike International Airport (BIA). While the signing of this agreement during Prime Minister Ranil Wickremesinghe’s current tour of Japan, Japan has also expressed its keenness on providing cooperation towards Sri Lanka’s…
Colombo equities closed Tuesday session on a negative note amid the concerns on budget 2016 which is due on next month. Market swung between gains and losses where benchmark index advanced to 7,105 mark but failed to retain the momentum to close at 7,085.93, marginally down by 3.13 index points or 0.04% while 20-scrip S&P…
Sudath Chaminda Munasinghe has resigned as Chief Executive Officer at John Keells PLC with effect from 01 October 2015. He does not have any relevant interest in shares of the company. Hishantha Gerard Rodney de Mel has been appointed Acting Chief Executive Officer at John Keells PLC with effect from 01 October 2015. He too…
Paying an additional Rs.3 lakh for a hybrid car wasn’t something Sunil Kumar, a Palakkad, Kerala-based neurosurgeon who was looking to upgrade from his seven-year-old Toyota Corolla, had in mind initially. But a quick, back-of-the-envelope calculation swung the decision in favour of the Toyota Camry. Kumar’s new hybrid car gives a mileage of 16km to…
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