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BUSINESS

People’s Bank installs ATM at Ella Railway Station

People’s Bank recently unveiled an ATM at Ella Railway Station. The ATM provides the convenience of withdrawing cash 24 hours a day, 365 days a year. The ATM was installed under a drive implemented by the People’s Bank in collaboration with the Ministry of Transport, in a bid to install …

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EU to support capacity building on conflict resolution

The European Union has agreed to support capacity building on conflict resolution.   The undertaking in principle was given during a meeting between a visiting European Union (EU) Parliamentary Delegation headed by Jean Lambert and Secretary, Ministry of National   Integration and Reconciliation (MoNIR) V. Sivagnanasothy. Among those present on the …

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Duty on electric cars slashed

Finance Minister Mangala Samaraweera has agreed to extend the substantial duty concession announced in the budget for new electric cars to used models too, particularly the popular Nissan Leaf.   In his otherwise progressive budget, Samaraweera had introduced a discriminatory clause which doubled the tax rate for used electric cars, …

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Shortage of Octane 95 petrol to be restored soon

A shortage of Octane 95 petrol is being reported in filling stations island-wide. However, Octane 92 petrol is being distributed island-wide, from the CPC  stores it is reported. When contacted by Ada Derana Petroleum Public Workers’ Union, D.A. Rajakaruna said that there is a shortage of octane 95 petrol and …

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2018 budget overview

Minister of Finance and Mass Media, Mangala Samaraweera, arrived at the Parliament to present the Budget proposals for the fourth fiscal year of the Good Governance government. • He commenced the 2018 Budget Speech (Second Reading of the Appropriation Bill). • Government expects to achieve 5 percent  economic growth and …

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Pumping of fuel commences – CPC

The Ceylon Petroleum Corporation (CPC) says that tests have been completed on the samples which were obtained from the petrol shipment brought to the country in the fuel tanker ‘Neveska Lady’. Approval for pumping has been received after the lab tests, the CPC said. It said that the pumping of …

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Hathurusingha to be next Sri Lanka coach?

Former Sri Lanka player Chandika Hathurusingha, who is currently the head Coach of Bangladesh, is most likely to take over as next Sri Lanka Coach, Cricket Age learns. “Negotiation are going on with Chandika also. Though there are few others, most notably Dean Jones and Jason Gillespie, Chandika is the …

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Training on environmentally-friendly handbag production

A training on producing environmentally-friendly handbags has taken place as part of programmes by ‘Dhana Saviya’ to promote self-employment among women. Deputy minister Dr. Anoma Gamage chaired the commencement of the training in Ampara for 10 women from Ampara, Uhana and Tissapura areas. The required financial assistance and natural raw …

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Mangala will present 2018 budget today

Finance and Media Minister Mangala Samaraweera, today at 3.00 pm, will present to Parliament budget proposals for 2018.   This will be Samaraweera’s maiden budget as the Finance Minister, the 72nd budget of the post-Independence Sri Lanka and the fourth budget of the incumbent government. The present administration presented a …

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India to help end SL fuel crisis

President Maithripala Sirisena has received an assurance from Indian Premier Narendra Modi that India would extend all possible assistance to overcome current petrol shortage, an Indian High Commission spokesperson told The Island last night.   The assurance was given in the wake of Lanka Indian Oil Company (LIOC) making available …

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