14December2017

Athulatha

You are here: Home News Business
SriLankan Airlines added yet another prestigious award to its impressive list of recent global airline industry accolades when it won the ‘Innovation in Commercial Airline Cabins’ award at the In-flight Asia Pacific Awards in Singapore on 1st November. Siva Ramachandra, SriLankan's Chief Commercial Officer, said: “We are delighted to win this award, which recognizes excellence in innovation of passenger cabins. This award is an extremely valuable one since the highlighted cabin / seat design was developed using our in house talents.” The nominated cabin design highly impressed the panel of judges comprised industry experts who are well versed with all…

Read more...

10 November 2017

Budget 2018 highlights

-Rs. 25 million allocated to establish a Virtual Blue-Green institute. -The government will bear 50% of the cost of Multi Day trawlers longer than 55ft to encourage deep sea fishing. - The Meteorology Department will be modernised. -New insurance will be introduced for six crops including paddy; Rs. 40,000 per acre. - Rs. 500 million allocated to offer loans under ‘Entrepreneurs Sri Lanka’ programme. -Strong anti-dumping and countervailing laws to support local industries. - Government will remove upto 1800 para tariffs in 2018. - Loans for SME industries, without guarantors. - Rs. 10,000 million allocated to establish a EXIM bank…

Read more...

Finance and Mass Media Minister Mangala Samaraweera presenting his maiden budget for 2018 envisions to increase the economic growth rate to 6 percent by 2020 from the current 4.5 percent. Economic analysts viewed this budget as one that would introduce far reaching reforms since 1978, to make the economy more competitive. The fourth budget proposals of the Unity Government under the theme ‘Blue Green Budget’ for the fiscal year 2018 will support the achievement of envisaged medium-term targets such as Per Capita Income of USD 5,000, one million new jobs, FDI inflows of USD 5 billion, and doubling exports to…

Read more...

මුදල් අමාත්‍ය මංගල සමරවීර මහතාගේ මංගල අය-වැයට පෙර අද (8) මධ්‍යම රාත්‍රියේ  සිට ක්‍රියාත්මක වන පරිදි අත්‍යවශ්‍ය ආහාර ද්‍රව්‍ය 5ක් සඳහා පනවා තිබූ බද්ධ අඩු කර තිබේ. මේ අනුව අර්තාපල් හා ලොකු ලූණු කිලෝවක් සඳහා පනවා තිබූ විශේෂ වෙළෙඳ  භාණ්ඩ බද්ද රුපියල් 39කින්ද පරිප්පු කිලෝවක බද්ධ රුපියල් 12කින්ද කරවල කිලෝවක බද්ද රුපියල් 50කින්ද, ‍පොල්තෙල් හා එළවළු තෙල් කිලෝවක බද්ද රුපියල් 25කින්ද අඩු කර ඇති බව මුදල් අමාත්‍ය මංගල සමරවීර මහතා අද (8) සවස සිය අමාත්‍යාංශයේ පැවැති මාධය හමුවකදී ප්‍රකාශ කළේය. මීට අමතරව හාල්මැස්සන් කිලෝවක් සදහා වන බද්දද රුපියල් 10ක් අඩුකර තිබේ. මීට අදාළ ගැසට් පත්‍රයද ප්‍රකාශයට පත් කිරීමට ඊයේම පියවර…

Read more...

රටේ කෘෂි ආර්ථිකය ශක්තිමත් කර, රට ස්වයංපෝෂිත කිරීම සඳහා කෘෂි උපකරණ ඇතුළු භාණ්ඩ රැසක් සඳහා ආනයන බදු සහන සැලසීමට මුදල් ඇමැති මංගල සමරවීර අද (09දා) පාර්ලිමේන්තුවට ඉදිරිපත්කරන ඔහුගේ මංගල අය-වැයෙන් යෝජනා කිරීමට නියමිතව ඇතැයි මුදල් අමාත්‍යාංශ ආරංචිමාර්ග සඳහන් කරයි. ගෘහ ආර්ථිකය ශක්තිමත් කිරීම සඳහා වන යෝජනා රැසක් මෙවර අය-වැයෙන් හඳුන්වා දීමට නියමිත බවද වාර්තා වේ. ඍජු හා වක්‍ර රැකියා බිහිකිරීමටත් පවතින ණය බර අඩු කිරීම සඳහාත් මුදල් ඇමැතිවරයා අය-වැය මඟින් විශේෂ අවධානයක් යොමුකර ඇති බවද දැනගන්නට ඇත. මෙවර අය වැය පස්වරු 3.00ට ඉදිරිපත් කෙරෙන අතර, අය-වැය ඉදිරිපත් කිරීම සඳහා වැඩි කාලවේලාවක් ගත නොවනු ඇති බවට විශ්වාසය පළවෙයි.අය-වැය දෙවැනිවර කියැවීමේ විවාදය…

Read more...

Finance Minister Mangala Samaraweera will deliver his maiden Budget speech in Parliament (Second Reading of the Appropriation Bill) today. It would be a development-oriented Budget, giving sweeping benefits for entrepreneurs to kickstart businesses. In a brief media event at the Finance Ministry, Minister Samaraweera said that benefits would also be offered to the agri sector, education, exports and imports; the Budget would also encourage a green economy. “This budget would one aimed at strengthening families.” The Minister recalled a Chinese proverb which said that it’s better to teach a man to fish rather than giving him fish to eat and…

Read more...


There would be several trade positive proposals to promote exports at the 2017 budget proposals, said Deputy Minister of Policy Planning and Economic Development, Dr. Harsha De Silva. Speaking at the breakfast meeting organised by Sri Lanka Australia New Zealand Business council (SLANZBC) the Minister said that this is being done as the government understands the need to promote exports. The Deputy Minister also said that the budget would also support the Vision 2025 and would have several links to promote it. Asked about on the proposals to promote tourism and relax restrictions on alcohol he said that this area…

Read more...

The John Keells Holdings PLC, Interim Condensed Financial Statements for the first half of the financial year 2017/18 saw a cumulative profit before tax (PBT) at Rs 9.04 billion. This is an increase of 3 per cent over the PBT of Rs 8.75 billion recorded in the same period of the previous financial year. The Group PBT in the second quarter of the financial year 2017/18 amounted to Rs 4.95 billion against the Rs. 5.17 billion recorded in the corresponding period of the previous financial year, being a decrease of 4 per cent. The profit attributable to equity holders in…

Read more...

Adding another landmark property to the Colombo skyline the much awaited Shangri-La Hotels and Resorts Colombo will be opened on November 16 by President Maithripala Sirisena. This is the second property in sri Lanka from the Group, after Shangri-La’s Hambantota Golf Resort & Spa. The hotel, built adjoining the Galle Face green, would offer 500 rooms and suites and 41 serviced apartments under the first stage. Built on a 10 acre land, the second stage would include an office tower, two residential buildings and a high-end shopping mall. Hong Kong-based Shangri-La Hotels and Resorts Initially planned to spend US$500 mn…

Read more...

The government would soon set up a special Bank for Development Finance to assist the business community, said Prime Minister Ranil Wicrkaramasinghe. Speaking at the 25th anniversary celebrations of the Sri Lanka Confectionery Manufacturers’ Association at Colombo Hilton last Tuesday night he said the prime objective of this is to assist the business community by offering them credit under more flexible terms. The Premier also said that he still remembers the beginning of the confectionery industry of Sri Lanka and the shift from Huntley and Farmers, Cadbury and Nestle confectionery exports era to people shifting to local products. “I endorse…

Read more...


Page 3 of 6