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Investigations into the disappearance of a massive sum of Rs.3 billion from the Ceylon Electricity Board (CEB) Employees Provident Fund by investing in a private company are to be expedited.

Saturday, 09 July 2016 09:07

The all-new BMW 7 Series.

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Driving pleasure, luxury and comfort redefined.

THE ALL NEW BMW 7 SERIES UNVEILS SHEER DRIVING LUXURY
• “Probably the best car ever built by BMW”: Heinz Reuter, Chairman/MD, Prestige Automobile
• Most Innovative Car at World Luxury Car Awards 2016
• Premieres in Colombo with unique technology and pioneering breakthroughs

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The Cabinet of Ministers will meet next Tuesday July 12 to decide on the prices of essential goods-and VAT will not be added to these items, said the Minister of Industry and Commerce Rishad Bathiudeen on 8 July in Parliament.

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Ceylon Hotels Corporation Plc’s Board has decided to reduce the stated capital of company to write off Rs. 1.02 billion of carried forward losses.

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Minister of Finance Ravi Karunanayake says despite the negative impact Brexit, UK’s departure from the European Union, has on the world, Sri Lanka has seen a benefit with an upward movement in foreign reserves.

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Sri Lanka’s motor traders representing the world renowned manufactures of major automobile brands, urge the authorities to maintain consistence policy, to look at the industry as a whole without targeting and favoring certain segments of the market and a have a level playing field for all stake holders.

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Sri Lanka is gearing up for a significant economic transformation in the next one and a half years with the expertise of a Hong Kong-based law firm amidst a global economic meltdown and the probable impact of 'Brexit'- withdrawal of the United Kingdom from the European Union - on the global economy.

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Sri Lankan government is to rationalise (reorganise) activities of five small public sector banks make it not only stable and resilient but also competitive , officials sources revealed.

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The ex Governor of the Central Bank Arjuna Mahendran has been appointed to the 12 member Prime Ministerial subcommittee on finding solutions to Brexit issues affecting the island’s economy , official sources said.

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Toyota Lanka (Private) Limited, the sole authorized distributor for Toyota vehicles in Sri Lanka recently unveiled the all new Fortuner to the Sri Lankan vehicle market. The Fortuner which has been globally dubbed “The True SUV with Style and Confidence” will be available exclusively at Toyota Lanka showrooms.

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