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Linking Fund Managers
Investors can log into www.unittrust.lk for information on the local industry and financial markets, a release states. rnrnThe site provides frequently asked questions on the Unit Trust investments, monthly performance summary of all funds, unit prices and weekly Treasury bill auction results. rnrnThe association has plans to post useful articles and analysis by member companies. […]
Chipping Coral
Proceeds form the sale will go to write off the owning company quote s, Ceylon Holiday Resorts Limited, debt amounting to around Rs.250 million.rn rnJohn Keells officials said a lag in tourism and significant investments in their flagship hotel in the southern coast endash Benthota Beach Hotel in the recent past contributed to the build-up […]
Rising Tide
The provisional figure is also an improvement over last years 145,000 TEU quote s, but short of the record 169,000 TEU handled in July, before the war risk surcharge was slapped on Sri Lanka bound ships.rn rnOfficials are confident that with the rise in productivity on the Jaya Terminal, the developments in SAGT and the […]
Getting Closer
Nations Trust Bank confirmed it has bought over Waldock McKenzie quote s fixed income and margin trading portfolio from John Keells Holdings.
Tea And The CEO
The selection and appointment of a CEO for the Tea Association will be the first official step in forming the umbrella organisation proposed in the A.T. Keay study initiated by the private sector. Chairman of the Planters Association, Mahendra Amarasuriya said plans were to appoint the new CEO before the end of August. Industry officials […]
Vat The Hell
Under the proposed laws it would be a serious offence to disclose the VAT component in invoices issued to customers who are not registered for VAT. If a business issues a tax invoice to a customer who is not registered as a VAT payer with Inland Revenue, the firm will be slapped with a minimum […]
Tax Gains
Deferring the Value Added Tax for another month will not put a strain on state revenues as the government is reaping an unexpected windfall through the 10 percent Withholding Tax.
Growing @ 20%
Central Bank 1st quarter GDP figures indicate that the sector grew by 20 per cent, while the provision of cellular phones increased by 41 per cent.rn rnInternet and e-mail services grew by 27%. The new Telecom Bill due in August is expected to further accelerate growth in the sector.rn rnThis, at a juncture where most […]
Revving Up
Despite a dismal 0.1 percent growth in the first quarter, Central Bank quote s Deputy Governor P M Nagahawatte says the economy is on target to achieve a 3.7 percent growth this year. rnThe bank quote s Statistics Director, Dr. Anila Dias Bandaranaike said improved rains, recovery in imports, the recent rally in the stock […]
Adding Wings
The A320 will be used to service new routs to India including Bangalore, Bogh Gaya and a resumption of a fifth weekly service to Trichy and to Frankfurt, Germany.rn rnOn a lease from Orix Aviation Systems Limited of Ireland, the A320 is fitted with 12 business and 138 economy class seats. rn rnWith the additional […]