Mobile industry wants Rs. 200,000 per month tower levy called off
The mobile telecommunications industry yesterday cried foul over the Budget 2018 proposal to charge Rs. 200,000 per month on cellular towers, insisting that it would increase the unprofitability of...
View ArticleMaximum retail price for certain goods
Maximum retail price price will be gazetted for Dhal (Rs 130 kg) imported Potatoes Rs ( Rs 76), Coconut (Rs 75) and Dry Fish, depending on varieties, Consumer Affairs Authority said.
View ArticleJetwing Symphony Hotel group to raise up to Rs. 900mn in IPO
Sri Lanka’s Jetwing Symphony Limited (JSL), one of Sri Lanka’s leading hotel companies will go for an Initial Public Offering (IPO) on 14th December in a bid to raise between Rs 753 million to Rs 904...
View ArticleSecurities Exchange Bill presented to Parliament
The Bill to establish the Securities and Exchange Commission of Sri Lanka and to repeal the Securities and Exchange Commission of Sri Lanka Act, No. 36 of 1987, was presented to the Parliament on...
View ArticleIMF approves US$ 251.4 mn to Lanka
The IMF Executive Board completed the third review of Sri Lanka’s Extended Fund Facility arrangement on Wednesday (6), enabling the disbursement of US$ 251.4 million to the country. In a statement...
View ArticleShort term measures to reduce rising cost of living
The government has taken steps to implement several short term measures to arrest the rising cost of living in the country ahead of the festive season. The disruption of cultivation in several...
View ArticleParliament passes 2018 budget with two-third majority
The third reading of the Appropriation Bill for 2018 was passed by the House on Saturday (9th Dec.) with a two-third majority of votes ending the Committee Stage Debate. The budget was passed with a...
View ArticleHambantota port officially handed over to China
The maintenance and management of the Hambantota port by Chinese management will officially begin yesterday. Sri Lanka’s Cabinet of Ministers approved the signing of an agreement of share ownership...
View ArticleVAT charge exempted for apartment valued under Rs 10 m
Finance Minister Mangala Samaraweera delivering his budget speech he proposed not to charge VAT for apartment valued under Rs 10 million our news sources said.
View ArticleSri Lanka receives another 1,000 tons of rice from China for drought victims
Sri Lanka on Monday has received the second consignment of 1,000 tons of rice from China, to be distributed to the drought struck victims in the island country, Xinhua reported. At the request of the...
View ArticleProject to extend Marine Drive as an underground road to Colombo Port City
A project will be launched to extend the Marine Drive as an undersea road from the Kollupitiya Railway Station to the Chaithya Road with access to the Colombo Port City. It was decided to enter in to...
View Article3Q GDP growth slows to 3.3 percent
The country’s economy grew by 3.3% in the 3Q driven by services and moderate industry growth but was hampered by lackluster performance in agriculture that showed negative growth of 3.3%, the Census...
View ArticlePM assures relief till April
Prime Minister Ranil Wickremesinghe yesterday said that there was no state mechanism which could provide relief to all the people in the country. The government in its plans to provide relief to people...
View ArticleTreasury approves bonus to employees of state corporations and government...
The cabinet has approved payment of bonus to the employees of state corporations and fully State-owned enterprises for the year 2017. Accordingly, employees of government agencies will receive a bonus...
View ArticleSri Lankan power giant LTL Holdings reached the pinnacle again
Subsidiary of LTL Holdings, Lakdhanavi Limited was awarded with Power Utility of the Year & Innovative Power Technology of the Year Sri Lanka at the Asian Power Awards 2017. Commencing with an...
View Article12-member delegation to visit Russia
A 12-member delegation was scheduled to visit Russia on December 24 to discuss the quality of asbestos imported to Sri Lanka from Russia, Sri Lankan Ambassador to Russia Dr. Saman Weerasinghe said...
View ArticleNovember national inflation eases to 8.4-pct
Sri Lanka’s national consumer price inflation in November fell for the first time in six months to 8.4 percent from a year earlier, down from a more than two-year high of 8.8 percent the previous...
View ArticleYouth arrested for impersonating candidate at O/L exam
An individual has been arrested by police while sitting for the G.C.E. Ordinary Level examination with a forged identity card and impersonating a student at a school in Piliyandala, police spokesman SP...
View ArticleSri Lanka reselected for MCC grant
The Board of Directors of the United States Millennium Challenge Corporation (MCC) reselected Sri Lanka for its grant programme at its meeting on December 19. This will enable MCC to continue...
View ArticlePresidential Commission to probe SriLankan and Mihin Air
A Special Presidential Commission would be appointed to look into the Sri Lanka Airlines and the Mihin Air, soon after the receiving of the Bond Commission report, President Maithripala Sirisena said....
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