Category: Industry
Dividing Digital
A top UN agency says information communications technology in the country needs to focus more on technology as a social leveler. A top UN agency says information communications technology in the country needs to focus more on technology as a social leveler. The report by the UNDP says the government, regulators and other agencies need […]
The Jetwing Group is infusing US$ 1.25 mn to transform its Trincomalee beach front property into a luxury ‘tented beach camp’.
The Jetwing Group is infusing US$ 1.25 mn to transform its Trincomalee beach front property into a luxury ‘tented beach camp’. The Jetwing Group is infusing US$ 1.25 mn to transform its Trincomalee beach front property into a luxury ‘tented beach camp’. Sprawled over 23 acre patch of jungle with a beach frontage on the […]
Small is Big
Pan Asia Bank, a late entrant to the credit card market, is offering lower rates of interest to attract users of competitive credit cards.Pan Asia Bank, a late entrant to the credit card market, is offering lower rates of interest to attract users of competitive credit cards. The bank says they plan to offer, debt […]
Wriggling In
The Inland Revenue Dept is trying to coax the banking sector to give out the national identity card number of its deposit holders.The Inland Revenue Dept is trying to coax the banking sector to give out the national identity card number of its deposit holders. Under the present tax laws, the banks are obliged to […]
Kind Courtesy
Back in 1992, Ajith Perera was at the top of his game, a Chartered Chemist and at the time, one of the handful of cricket referees and scorers with British training.In 1992 a tree fell across his car near Reid Avenue, paralysing him below the waist and making Perera a statistic, joining the three million […]
Short Break
The industrial sector will get a tariff-hike holiday in the short term when electricity prices are increased next time, assures Treasury Secretary Dr.P B Jayasundara. The industrial sector will get a tariff-hike holiday in the short term when electricity prices are increased next time, assures Treasury Secretary Dr. P B Jayasundara. The last electricity tariff […]
Terror Stalks Scribes
The Sri Lankan government came under fire from a Parisian based media organization for its poor track record to protect local journalists and suggested an independent Special Investigation Unit with judicial powers be created to reopen inquiries into crimes against reporters. rnrn rnEven as rnthreats against journalists in Eastern Sri Lanka reached alarming levels over […]
‘t Be Duped
The Central Bank on Wednesday warned the public against using foreign currency bank drafts or membership charges to invest in pyramid or similar referral marketing schemes.The Central Bank on Wednesday warned the public against using foreign currency bank drafts or membership charges to invest in pyramid or similar referral marketing schemes. The notice, the fourth […]
Reverse Psychology
The Inland Revenue Dept has submitted a paper to overturn part of the tax amnesty bill presented by the previous government.The Inland Revenue Dept has submitted a paper to overturn part of the tax amnesty bill presented by the previous government. Once parliamentary nod comes through, the amendment will give the taxman powers to recover […]
Don’t Be Duped
The Central Bank on Wednesday warned the public against using foreign currency bank drafts or membership charges to invest in pyramid or similar referral marketing schemes.The Central Bank on Wednesday warned the public against using foreign currency bank drafts or membership charges to invest in pyramid or similar referral marketing schemes. The notice, the fourth […]
Sweet Dreams
Fulfilling the dreams and aspirations you have for your child becomes a reality with Arshirvada Child Life Plan launched recently by Life Insurance Corporation (Lanka) Ltd.Arshirvada provides financial security for your childrens education and marriage with yearly bonuses and gains to secure their future.rn rnR Gopinath, CEO of LIC Lanka Ltd. says that this policy […]
Tax Treat
A Sri Lanka-US taxation treaty kicked in on Monday, harmonising joint tax laws and allowing for tax credit and concessions for investors in both countries. Representatives of both governments exchanged Instruments of Ratification for the Convention of Avoidance of Double Taxation and Prevention of Fiscal Evasion, on Monday.rn rnThe proposed Treaty will relieve Double Taxation […]