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The government is unlikely to implement the 2016 budget proposal to issue licences for 50 gold importers as it will allow these importers a monopoly in the trade. The proposal in the 2016 budget provides for a limited number (50) licences to be issued to businessmen allowing tax-free import of gold. At present importers pay a tax of 10 per cent.

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Sri Lanka Telecom (SLT) Management has appointed a special three member committee to investigate into mal practices and irregularities at the company since 2008

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Ideal Motors (Pvt) Ltd, a fully owned subsidiary company of the Ideal Group, which has been representing Mahindra & Mahindra since 2009, , announced the fact that Mahindra has topped the sales satisfaction index among mass market brands followed by Toyota and Ford, as per global market research firm JD Power.

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A near year-long delay in gazetting a 2017 Budget-approved liberalisation move is locking up billions of capital in listed firms and discouraging a higher inflow of foreign investment into the country, according to property sector experts.

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Representatives of the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) were recently hosted by NASDAQ at the NASDAQ Market Site – the commercial marketing presence of the NASDAQ stock market and the location for the Market Bell Ceremonies at New York’s Times Square.

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Viraj Mendis - Head of Personal Financial Services, HNB

Saturday, 21 October 2017 07:41

Portuguese Burghers and their Heritage

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The Portuguese Burghers and their Heritage’ is to be widely discussed at a seminar at International Centre for Ethnic Studies in Colombo on Tuesday 31 from 3.30 pm.

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The Public Utilities Commission (PUCSL) yesterday expressed confidence that the regulatory framework for electric vehicle charging stations (EVCS), consumer rights and related areas would be effective by the middle of 2018.

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The Colombo International Shopping Festival, which will be one of the major events of the year, will get underway for the first time in Sri Lanka under the patronage of Minister of Tourism Development and Christian Religious Affairs, John Amaratunga, from 20-22 October at the SLECC from 10.00 a.m. to 10.00 p.m.

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Ideal Motors (Pvt) Ltd, a fully owned subsidiary company of the Ideal Group, which has been representing Mahindra & Mahindra since 2009, with core business interests in Motor Franchise Imports and Motor Spare Parts in Sri Lanka, announced the fact that Mahindra has topped the sales satisfaction index among mass market brands followed by Toyota and Ford, as per global market research firm JD Power.

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