Though the government is upbeat on its revenue earnings, Sri Lanka would find it very difficult to bridge the deficit in the 2015 budget, the International Monetary Fund (IMF) has warned Sri Lanka. The IMF has stated that once the government charges the one-off tax introduced through the 2015 budget, there are possibilities of the…
The ninth Indian Trade Fair will open at 10 am tomorrow (Thursday 07 May 2015) at the Sri Lanka Exhibition and Convention Centre in Colombo under the distinguished patronage of the Acting High Commissioner for India in Sri Lanka Arindam Bagchi and Deputy Minister of Industry and Commerce Champika Premadasa. Organised by MP Events Lanka…
The most celebrated event in the world next to the Olympic Games that happens every five years since the inception in 1931, was launched amidst a distinctive world gathering by the Italian Prime Minister Matteo Renzi on the 1st of May at the open air stage at World Expo site in Milano Italy.This year’s event…
Colombo bourse continued the positive momentum for the fourth consecutive session on Monday to start the weekly activities in green territory. The benchmark All Share Price index crossed the 7,200 mark to end at 7,202.11 with a gain of 23.11 points or 0.32%. S&P SL 20 index gained 10.71 points (+0.26%) to close at 4,064.16…
“Privilege to be listed on CSE” – CTC says Ceylon Tobacco Company PLC (CTC) opened trading on the Colombo Stock Exchange (CSE) today. This event was yet another in a series of Market Opening Ceremonies, featuring the companies from the S&P SL20 index. Managing Director and Chief Executive Officer Mr. Felicio Ferraz, Finance Director Mr….
According to a reliable source within the company, Huawei is set to launch two new-mid range smartphone in Sri Lanka. The devices are believed to be targeted at the highly competitive mid-range smartphone market in the country. According to company sources the devices were tested in early February and the first shipment was made in…
The Central Bank of Sri Lanka will commence operations of its newly constructed Regional Office in Ariviyal Nagar, Kilinochchi on 6th May, 2015. The Kilinochchi Regional Office is to be declared open by Minister of Resettlement, Reconstruction and Hindu Affairs D M Swaminathan and Deputy Minister of Policy Planning, Economic Affairs, Child, Youth & Cultural…
The birth of the new princess as an occasion for joy within the royal family. But could it also have an impact on next week’s general election result? There is a wide variety of key factors to take into account here. Prominent among them are the impact of previous royal births on the polls, the…
Japanese auto maker Honda has questioned its erstwhile Indian partner Hero’s claim of 102.5 km/litre fuel economy rate for Splendor iSmart bike, saying “such claims are misleading and are far from reality”. The Indian firm, Hero MotoCorp on its part hit back saying its fuel efficiency values were certified by iCAT (International Centre for Automotive…
The world waits for Duke and Duchess of Cambridge to name the new royal baby as family members visit Kensington Palace. Kensington Palace said that the princess’s name will NOT be announced today. A spokesman said: “The Duke and Duchess are hugely grateful for the messages of congratulations they have received from people all over…
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