COLOMBO, Feb 19 (Reuters) - The Sri Lankan rupee edged down on Monday on importer dollar demand, while political uncertainty continued to weigh on investor sentiment, dealers said. The rupee ended at 155.40/50 per dollar, compared with Friday’s close of 155.10/20. The rupee hit a record low of 155.90 on...
COLOMBO, Nov 2 (Reuters) - The Sri Lankan rupee ended slightly firmer on Thursday, snapping a three-session losing streak, as inflows from remittances ahead of a long weekend outpaced importer dollar demand, dealers said. Trading was, however, dull and the currency still faced depreciation pressure on expected demand for the...
Chairman of Vehicle Importers' Association of Sri Lanka, Indika Sampath Merinchige says that they have made a request seeking a price reduction in electric cars and cars having engine capacity between 1000cc and 1500cc. He said they expect the prices of electric vehicles to come down, as Finance Minister Mangala...
All set for Sri Lanka’s first Shopping Channel  ( August 22, 2017, Colombo, Sri Lanka Guardian) “The TTv Shopping Channel is a partnership between the Korean national Mr. Pak Chung Yong and a well-established Sri Lankan entity. Mr. Yong will be providing the technology and the equipment required to...
Chief Executive Officer (CEO) and Managing Director of the Information and Communication Technology Agency (ICTA) of Sri Lanka Muhunthan Canagey has resigned from his position. Canagey holds a Masters Degree in Information Technology and is one of the country’s youngest entrepreneurs. He has over 20 years of experience with the information industry and was the...
Moneycontrol News The government is mulling re-introducing the inheritance or estate tax for the people with high net worth, reports the Economic Times. Currently, the government is seeking feedback and recommendations for it. The tax could range from 5-10 percent and is likely to be introduced in the next Budget, the...
The Bavarian Motors (Private) Limited, a company primarily involved in importation and sale of luxury BMW vehicles instituted an intellectual property action in the Commercial High Court of Colombo against BMW  (Bayerische Motoren Werke Aktiengesellschaft) in Munich, Germany, alleging that BMW is engaged in or attempting to engage in...
Canary Wharf in London on a Thursday lunchtime, and platoons of well-groomed office workers descend into a warren of underground malls in search of lunch: something healthy, natural and delicious – a little edible holiday from urban desk life. All the big chains are here to tempt the 100,000...
Diversified conglomerate Cargills (Ceylon) PLC (CARG) posted a Rs.827 million net profit for the quarter ended December 31, 2017 (3Q18), recording a growth of 30 percent from the corresponding quarter last year, due to the gains from its associate, Cargills Bank, made on the sale of one of its...
Vehicle importers believe with the latest duty reduction, the prices of mini trucks, single cabs and motorcycles will come down considerably. The chairman of the Vehicle Importers Association of Sri Lanka, Indika Sampath Merinchige said the prices of the prices of mini trucks and single cabs could come down...
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