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President Maithripala Sirisena yesterday called upon the business communities and civil societies to come together with the states to ensure the successful implementation of the 2030 agenda for sustainable development.

Thursday, 19 April 2018 06:07

Govt. slaps 15% levy on gold imports

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The Government yesterday slapped an levy of 15% on gold imports effective midnight yesterday, to curb overseas purchases by traders looking to take advantage of a favourable price arbitrage with top consumer India.

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Janashakthi Insurance Plc has completed by far the biggest share repurchase deals worth Rs. 11.7 billion.

Thursday, 19 April 2018 06:00

Rupee edges up after hitting record low

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Reuters: The rupee inched up after touching a record low yesterday (18 April), with dollar demand from importers offsetting limited selling of the US currency by exporters earlier in the session, dealers said.

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Sri Lanka has long identified the risk of financial crime as a priority area, given the country’s history in battling a sophisticated terror organization. A number of measures were taken over the years and the government is currently working on bringing on necessary amendments to some of the existing regulations with the objective of preventing financial crimes.

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The Government yesterday promised to ensure the safety of tourists, with new measures put in place after the recent assault on a group of foreign visitorsto Weligama.

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Britain’s Prince Harry attends a Commonwealth Heads of Government Meeting Youth Forum in London, April 16, 2018. REUTERS

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Reuters: The rupee on Tuesday touched an all-time low on dollar demand from importers, while exporter sales of the greenback were low due to extended holidays in corporate houses after the New Year festival, dealers said.

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Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital engineering and IT outsourcing services that accelerate business outcomes for its clients, announced that it has entered into an equity purchase agreement to acquire all of the outstanding shares of eTouch Systems Corp. (“eTouch US”) and eTouch Systems Pvt. Ltd (“eTouch India,” together with eTouch US, “eTouch”).

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A project to provide livelihood support to nearly 70,000 people from the farming and fishing communities in Hambantota District has been launched with Indian assistance .

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