Sri Lanka implements a two pronged strategy based on reconciliation and strengthening democracy to achieve economic prosperity and innovation as it has to catch up several lost opportunities in the past.

With a view of popularising green transportation in Sri Lanka, the Government will soon take a policy decision on promoting eco friendly three-wheelers.

Asia Asset Finance Plc (AAF) has made considerable progress in its business especially in gold backed loans and micro finance in its first complete financial year ending March 31 2016 after the company’s tie up with Muthoot Finance a 128 year old Indian family owned firm, AAF officials said.

Helitours, the Sri Lanka Air Force’s domestic air service is to acquire two civilian passenger aircrafts on full payment/lease basis for the regular, profitable, reliable operation of domestic commercial air travel business, official sources revealed.

In its latest Global Economic Prospects report, the World Bank predicts Sri Lanka’s economic growth will pick up to 5.3% in this year and in both 2017 and 2018 despite monetary and fiscal tightening.

Capitalists are to be taxed by way of a Capital Gain Tax for the first time in Sri Lankan history, Prime Minister Ranil Wickremesinghe said yesterday.

The COPE has directed the Central Bank Governor Arjuna Mahendran to submit necessary information and details to Auditor General Gamini Wijesinghe to prepare a comprehensive report on all Central Bank transactions including bond issues during the recent past, informed sources revealed.

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Superlative Properties (Pvt) Ltd, the latest entrant into the ultra modern luxury condominium developers market entered into an agreement with Board of Investment of Sri Lanka to develop a 46 unit luxury apartment project in Colombo,"THE CASTLE".