It has been revealed that the new government has decided not to allow the tax free vehicle permits for government servants to be transfer before four years of its issue. A senior official from the Finance Ministry told www.adaderanabiz.lk that this decision has already been taken and that the relevant circular would be released shortly….
The Sri Lanka Vehicle Importers’ Association has appealed to Prime Minister Ranil Wickremesinghe not to impose the tax proposed by the interim budget, as it is, on the hybrid vehicles on which letters of credit have been opened before 29 January. A special discussion on this issue is scheduled to be held with the Prime…
Serenity now. It’s 4:30 in the afternoon and I’ve been stuck on the same stretch of Bush Street in San Francisco’s Financial District for an entire hour. And I have to pee. The Bay Area’s latest tech boom has left those of us living in, around, and on the outskirts of such “abundance” smack in…
Colombo equities continued the positive momentum on Monday as market stabilized after the policy changes. Benchmark All share price index advanced by 35.69 points (+0.5%) to end at 7,198.44 while S&P SL 20 advanced by 24.48 points (-0.62%) to end at 3,983.41. Today’s gains were mainly driven by counters such as Hatton National Bank (closed…
The Information and Communication Technology Agency of Sri Lanka (ICTA) announces the appointment of a new Chairperson and Board of Directors, with the change of Government. The new Board consists of Mrs Chitranganie Mubarak (Chairperson), Mr Muhunthan Canagey (Managing Director), Dr Ajith Madurapperuma, Mr Ananda Wijeratne, Mr Upul Kumarapperuma and Mr Chanuka Wattegama. Mrs Chitranganie…
Shaw Wallace Ceylon Limited, a subsidiary of Renuka Foods Plc has acquired 20,290,000 ordinary shares which amounts to 50 per cent shareholding of Richlife Dairies Limited from Renuka Agri Foods Plc for Rs. 605 million. Shaw Wallace Ceylon Ltd. will integrate Richlife Dairies Ltd into its operations.
Rohantha Athukorala who earlier functioned as the Chairman of the Export Development Board (EDB) has been appointed as Chairman Sri Lanka Tourism Promotion Bureau. While speaking to www.adaderanabiz.lk, Rohantha Athukorala said that promoting Sri Lanka better globally as a sought after destination in the tourism sector is his expectation and that he would fully commit…
Colombo equities gained ground on Monday, after two days of free fall, as bargain seekers turned bullish on selected stocks. Meanwhile foreign investors drove the turnover to 3-week high today led by purchases in premier blue-chip John Keells Holdings. In today’s trading session, All share price index gained 47.25 points (+0.67%) to end at 7,047.31…
The European Commission has stated that the ban on the purchase of fishery products from Sri Lanka imposed since the island had failed to take necessary steps to halt the fishing while violating maritime boundaries and several conditions imposed by the European Union, would continue. The Commission has also stated that the discussions with Sri…
Muhunthan Canagey, one among Sri Lanka’s young entrepreneurs has been appointed as the Managing Director of the Information and Communication Technology Agency (ICTA) of Sri Lanka. He is expected to enhance the ICTA’s role among the private and public sector, assist in the implementation of the national ICT policy and attract new opportunities for the…
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