Author: lbostgadmin
Tax Fix
The ESC tax bomb could land on your doorstep next week but if you ignore it, you’re in for bigger damages. The ESC tax bomb could land on your doorstep next week but if you ignore it, you’re in for bigger damages. The Inland Revenue Dept is targeting Rs 1.5 bn this year from the […]
Limited Edition
The Central Bank has resumed sales for commemorative gold and silver coins from Friday after a temporary halt following an upsurge in world market prices. The Central Bank has resumed sales for commemorative gold and silver coins from Friday after a temporary halt following an upsurge in world market prices. Speculators were minting on the […]
Check Mail
Sri Lanka Telecom (SLT) is drilling into the student populations to expand its internet and email service, with low cost accounts.Sri Lanka Telecom (SLT) is drilling into the student populations to expand its internet and email service, with low cost accounts. The telco giant says student demand for internet service was on the rise, with […]
Packaged PC
Taking international brand names head on, PC House is expanding its Panora range of desktop computers with high end hardware to support upcoming software applications.Already since the brand’s July launch, the company has secured a government tender for 4000 PCs, for use in secondary schools across the island. Managing Director S H M Rishan says […]
Inflated Fertility
A 29-year-old Sri Lankan woman Wednesday gave birth to three girls and two boys in the island’s first recorded quintuplet delivery, hospital officials here said.A 29-year-old Sri Lankan woman Wednesday gave birth to three girls and two boys in the island’s first recorded quintuplet delivery, hospital officials here said. The unemployed woman, Chamila Weerasekara, and […]
The Tourist Board acquires land to tempt foreign businessman to invest.
The Tourist Board is acquiring land to tempt foreign businessmen, but a controversial land tax on foreign ownership has got investors stalling.The Tourist Board is acquiring land to tempt foreign businessmen, but a controversial land tax on foreign ownership has got investors stalling. The ‘Land Bank’ project mooted last year has identified possible tourism development […]
Rate Card
Lanka Ratings, Sri Lanka’s second rating agency, is offering indicative ratings, sector reports and financial tips as it tries to immerse itself in the fledgling debt market. Lanka Ratings, Sri Lanka’s second rating agency, is offering indicative ratings, sector reports and financial tips as it tries to immerse itself in the fledgling debt market. On […]
Short Affair
SriLankan Airlines is offering two free day stopovers for transit passengers, to see the sights and sounds of Negombo and Colombo.SriLankan Airlines is offering two free day stopovers for transit passengers, to see the sights and sounds of Negombo and Colombo. Around 61,000 passengers transit through Bandaranaike International Airport each month, but SriLankan expects only […]
Gas Leak
Laugfs Gas has been asked to come back with a more ‘reasonable’ price request, before the Consumer Affairs Authority (CAA) agrees to an increase.Laugfs Gas has been asked to come back with a more ‘reasonable’ price request, before the Consumer Affairs Authority (CAA) agrees to an increase. “We had a discussion yesterday, and we asked […]
Cutting Ties
The Sri Lankan government is taking another look at what countries it wants to target for preferential trade agreements.The Sri Lankan government is taking another look at what countries it wants to target for preferential trade agreements. Under the previous UNF regime, Sri Lanka initiated talks with 28 countries, including those already in regional trade […]
Fems Fatale
Hemas Holdings cashed in on a Rs.300 mn market and growing for female hygiene products last week, buying over sanitary napkin brand, Fems.Hemas Holdings cashed in on a Rs. 300 mn market and growing for female hygiene products last week, buying over sanitary napkin brand, Fems. The Group picked up the brand from Maxims, who […]
Ageing Nicely
Hatton National Bank (HNB) is tying up its insurance subsidiary and other goods and service providers to spruce up its Senior Citizens savings account.Hatton National Bank (HNB) is tying up its insurance subsidiary and other goods and service providers to spruce up its Senior Citizens savings account. The revamped account offers it’s over 55 year […]