Category: Business News
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Tourism will be highest foreign exchange earner in 2020
The Finance Minister has agreed not to impose any taxes any further on the Tourism Industry, disclosed Tourism Minister. And the government will also explore the possibility to provide duty free concessions in the direction of refurbishment of old hotels. The minister also stated to media that he instructed to Sri Lanka Institute of Tourism…
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India’s $10 billion gap in foreign exchange may put rupee under pressure
The Indian banking system has left a $10-billion position unhedged amid foreign exchange deposit redemptions, making the rupee vulnerable to a sudden depreciation in the next few months. On the other hand, such a drop would act as a booster for exports and possibly narrow the trade deficit although imports of oil and other commodities…
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Tesla, Panasonic to collaborate on solar cells production
Tesla Motors said it would collaborate with Japan’s Panasonic Corp to manufacture solar cells and modules in New York. Under the agreement, which is a nonbinding letter of intent, Tesla said it will use the cells and modules in a solar energy system that will work seamlessly with its energy storage products Powerwall and Power-pack.…
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New Cigarette Prices in Sri Lanka
After the recent tax impose into a tobacco products the Ceylon Tobacoo Company announces their new places as below, Brand Price per cigarette Price per 12’s Price per 20’s Dunhill Switch Rs. 45/- Rs. 900/- Dunhill Blue (Dunhill Tube Filter Blue) Rs. 45/- Rs. 900/- Dunhill Grey (Dunhill Tube Filter Grey) Rs. 45/-…
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Dialog looking forward industry related investment in future
Axiata Group Berhad Malaysia is looking at aggressively investment in addition to mobile and data communication and want to get involved in setting up of a payment gateway, 5G, smart metering, IOT (Internet of Things) and other similar services, tracking of transport via GPS and other means too is an area we are looking at…
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Dialog Axiata looking forward for a acquisitions in Sri lanka
Axiata Group Berhad Malaysia Chief Corporate Officer, Idham Nawawi said, Axiata is keeping our options open with regard to acquiring of another mobile operator in Sri Lanka, he further said he strongly believes a country like Sri Lanka should have only three players instead of five. And Axiata looking forward a good offer to take…
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3,514 Lankans qualify for Korean jobs
A total of 3514 candidates, who sat for the Korean Language Proficiency Examination were selected for jobs in South Korea, the Sri Lanka Bureau of Foreign Employment announced yesterday. The official results of the examination could be obtained from the Foreign Employment Bureau website www.slbfe.lk. This was the first exam held under the newly launched…
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Browns Group Starts Browns Hospital at Ragama
Browns Hospital is the latest venture of Brown & Company PLC, the first one established in a chain of secondary care general hospitals and diagnostic centres to deliver high quality care through comprehensive, integrated clinical practice and personalized care, to every patient, who walks through our doors. Armed with the strong family brand name of…
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Mihin Lanka Comes to END by 30th October 2016
Sri Lankan Airlines announces that Sri Lankan Airline will be operating to all Mihin Lanka destinations from 30th October 2016 Sri lankan Airlines requested refer to the following guidelines with regard to any existing or future bookings with Mihin Lanka. When making a booking or an amendment: Any passenger who wishes to making a new…
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Cigarette Prices go up by another Rs. 5/- sooner
Health Minister stated to the media that a Cabinet paper proposing to increase the price of a cigarette by Rs. 5 and the VAT on cigarettes upto 15% would be presented to Cabinet sooner. It is learn that the Cabinet sub-committee that had been appointed to implement a proposal to increase the tax levy on…