European Rubber Journal and RubberNews.com in latest report said that world’s fourth largest tyre manufacturer – Continental A.G. of Germany had taken the full ownership of Sri Lankan solid tire maker Eu-Retec (Pvt) Ltd., buying the 49% stake it didn’t own from the company’s Managing Director. The report said that the acquisition is part of…
Press and Journal in a recent report highlighted that plans have been submitted to honour a North-East man of Scotland who helped shape the world’s drinking habits. The report said that it is a statue of James Taylor, who is called to be the father of the Ceylon or Sri Lanka’s Tea industry. Accordingly Auchenblae…
Sri Lanka Customs (SLC) contributes 55% to State Revenue Sri Lanka Customs (SLC) the country’s largest revenue earning state body has been able to secure a tax revenue of Rs. 918.59 billion, contributing 55% of the total government tax revenue of Rs.1, 670.17 billion, the lately released annual report for 2017 highlights. Accordingly Director General…
Reuters – ** The Sri Lankan rupee closed on Thursday near a record low hit earlier this week as banks and importers purchased the dollar, while stocks closed flat with higher turnover. ** The rupee ended at 172.80/90 per dollar on Thursday, compared with its previous close of 172.60/70. ** The rupee dropped to an…
Architecture Xtudio, a conference for the architecture and construction industries, will be held on 29 October from 9 am to 5 pm at the Hilton Colombo. The event will bring together key decision makers and actors in the industry to synthesize the conversation on facades and interiors while also showcasing vendors, all incorporated into parallel…
Experience the Best of Thailand and Beyond with promo all-in fares from LKR 13,999* one way COLOMBO, 22 October 2018 – AirAsia marks another foray into South Asia by offering direct services between Colombo in Sri Lanka and Thailand’s capital city of Bangkok. This 4-time weekly flight service is slated to commence operation on…
The Central Bank of Sri Lanka (CBSL) compiles and analyses several indicators, in order to monitor the developments in the real estate sector. Accordingly, the Land Price Index (LPI) (base year: 1998) has been compiled annually from 1998-2008 and bi-annually from 2009-2017, covering 50 centers of 5 DS divisions in the Colombo District. With the…
From fresh fish to delicate flowers, Emirates SkyCargo helps carry a microcosm of the country to the world Many of Sri Lanka’s exports are colourful, tasty or fragrant and must arrive at their destinations on time and in pristine condition, a service Emirates SkyCargo continues to provide with distinction. According to figures released by the…
Singapore — Sri Lankan importers have temporarily stopped importing sugar after the government hiked import duty and imposed a maximum domestic retail price, which made imports uneconomical, market sources said. The Consumer Affairs Authority (CAA) of Sri Lanka fixed the maximum retail price for white sugar at Rupee 100/kg on October 12, which is equivalent to…
Reuters – The Sri Lankan rupee slumped to a fresh low for a third straight session on Tuesday due to importer dollar demand and foreign selling in government securities, market sources said. The currency touched an all-time low of 172.95 per dollar on Tuesday, surpassing the previous record of 172.50 hit on Monday. It closed…
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