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Last updateMon, 22 Jan 2018 8pm

Business News

A proposal to increase taxes on cigarette industry to 90 percent.

Minister Dr.Rajitha Senarathne says the government will enhance its commitment to discourage smoking and other causes for non-communicable diseases. He added that a memorandum will brought to the cabinet to increase tax imposed on the cigarette industry by 90 percent.

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Minister Kabir Hashim says that a major restructuring is in process to make Sri Lankan Airlines a profit making venture.

Minister Kabir Hashim says that a major restructuring is in process to make Sri Lankan Airlines a profit making venture. The national carrier incurred heavy losses due to mismanagement of previous regime, the minister added. He was speaking at press briefing held today at the Ministry of Public Enterprises Development.

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Cathay unveils A330, new products to Lankan travellers

 

Cathay Pacific Airlines has introduced the Cathay Pacific A330 airbus to Lankan travellers visiting their base country Hong Kong and connecting destinations from there.

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HTC announce the entry of its splendid new range of smart phones to Sri Lanka.


HTC, who is the global leader in mobile innovation and design, has announced the entry of its splendid new range of smart phones to Sri Lanka with Sri Lanka Telecom Mobitel. It includes the HTC-10, HTC One X9, the trendy and youthful HTC Desire 628 as well as HTC Desire 630.

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Japan to assist SL to increase the manufacture of pharmaceuticals.

The Japanese government has extended its support to Sri Lanka to increase the manufacture of pharmaceuticals in the country. The Japanese ambassador Kenichi Suganuma has disclosed this when he called on Minister of Health Rajitha Senaratne recently. He has also pledged Japan's continuous support for the development of the Sri Lankan health sector.

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"Techno-Sri Lanka" Exhibition 2016

The 31st edition of the "Techno-Sri Lanka" exhibition will be held at the Sirimavo Bandaranaike Memorial Exhibition Center from 7th to the 9th of October.  It is annually organized by the Institution of Engineers of Sri Lanka.

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Representatives of the 28 leading Japanese companies are engaged in a tour to seek investment opportunities in Sri Lanka.


Representatives of the 28 leading Japanese companies are engaged in a tour to seek investment opportunities in Sri Lanka. The representatives directly discussed with the Sri Lanka Board of Investment. The discussions were held under the patronage of chief executive officer of the Board Renuka Weerakoon. The committee chairman of the Japan-Sri Lanka Business Cooperation Tadayaki Seki says they have received a better understanding on this venture.

A special VAT is introduced to alcohol and tobacco products.

The government decides to introduce a special VAT tax procedure on Alcohol and tobacco products.

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Two giant Japanese companies are ready to invest in Sri Lanka.

 President Maithripala Sirisena met the Chairman and CEO of the Japan External Trade Organization Hiroyuki Ishige in line with the G-7 heads of statess summit yesterday.

They held a cordial discussion on ways to promote trade and investments between the two countries.  The Chairman of JETRO expressing his views regarding the Japanese products  said that the concept of ‘Japana Hapana‘ has created a such a positive impression for Japanese products and investments in Sri Lanka. Mr. Ishige further said that he is very keen to promote more investments in all series of areas especially in oil and gas industry, coconut industry including other plantation industries. Mr. Ishige positive responded to a request made by President Sirisena to obtain support for Oluwil and Galle Harbour expansion projects. They have also agreed to provide 20 boats to use in natural disasters and emergency situations in marine activities.

Sri Lanka tourism marks 50 years.

 

Sri Lanka tourism marks 50 years. Earlier referred to as the Ceylon Tourist Board, was the official government body responsible for all tourism related activities and development within the country.  

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