The Ceylon Chamber of Commerce (CCC) congratulated the Ministry of Finance on the successful passing in Parliament of the new Inland Revenue Bill that aims to modernize and streamline Sri Lanka’s income tax system. “We are particularly encouraged by the recent decision to change the implementation date of the Act to April 1, 2018 - a proposal that the Ceylon Chamber had been strongly advocating,” the...
President Maithripala Sirisena and his wife Jayanthi will arrive in New York this evening to attend the 72nd United Nations General Assembly (UNGA), Foreign Ministry sources said.The Foreign Affairs and Development Assistance Minister Tilak Marapana is due to joinhim in New York on Monday morning.President Sirisena will address the General Assembly on Tuesday evening, which is the opening day of the high...
Sri Lanka has a high cost of living. Data for August 2017 gathered by Numbeo, a crowd-sourced database, indicates that grocery prices are 34.48% higher (and consumer prices 25.22% higher) than in India.Chicken is actually cheaper in Singapore than in Sri Lanka. Whole chicken retails for around Rs.425/-kg, while it is available in supermarkets in Singapore for around S$2.85 for 800g or Rs.412/kg. Unlike Sri...
Largest acquisition of controlling stake in listed company...
Hayleys PLC and its subsidiaries announced the purchase of 61.73% of shares of Singer (Sri Lanka) PLC, for Rs 10.9 billion, making it the single largest acquisition for a listed company in Sri Lanka in recent times.This strategic acquisition by Hayleys PLC and its subsidiaries is anticipated to yield substantial opportunities for new business synergies within the Hayleys Group. Hayleys PLC and Singer (Sri...
* It will travel a distance of 500km (310 miles), cutting the journey time from Ahmedabad to Mumbai from eight to three hours.* There will be 12 stations on the route.* The majority of the route will be elevated. A part of it will run through a 7km long undersea tunnel.* It will have top speeds of up to 350km/h (217mph), more than double the maximum speed offered by the fastest trains running in India.Sep...
Inter Regimental Para Games organized by Sri Lanka Gemunu Regiment conducted the Cycling and the Wheelchair marathon on Friday in Ratnapura.The event saw entries from five regiments of the Army. Fifteen cyclists took part in this event and G.P. Indika Kumara of Singha Regiment won the 53 Kilo Meter event with ease.The Wheelchair marathon saw 12competitors in action in the 23 kilo meter race. This event was...
