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BUSINESS

SML Automotive Launches the All-New Jaguar E-PACE

, Sri Lanka: SML Frontier Automotive, sole agent of Jaguar and Land Rover (JLR) in Sri Lanka launched the E-PACE a five-seat compact SUV that packs the design and performance of a Jaguar sports car into a spacious, practical and connected all- wheel-drive vehicle. The compact SUV was launched at …

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Fuel price formula on the cards

A price revision of fuel distributed by the Ceylon Petroleum Corporation (CPC) is in the offing, according to highly placed government sources. The Indian oil company, Lanka IOC has already increased their prices to be on par with the world fuel price hikes. However, CPC prices have remained static for …

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CBSL Governor says time is right for fuel pricing formula

It is time to introduce a fuel pricing formula as all other indicators relating to inflation are favourable, Central Bank Governor Dr. Indrajit Coomaraswamy said yesterday.   He made this comment during a Q&A session with the media after announcing the Monetary Policy Review No. 2 for 2018.   “The …

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Ceylon Dollar Bond Fund opens its doors to local investors

Ceylon Dollar Bond Fund (CDBF) investing in Sri Lanka Development Bonds (SLDBs), Dollar Sovereign and Bank Bonds, is now eligible to accept investments from any local individual or company. All Personal Foreign Currency Account (PFCA) holders (formerly NRFC, RFC, RNNFC, SFIDA etc.) or Business Foreign Currency Account (BFCA) holders (formerly …

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Ministerial Committee recommends Railways Dept. be a closed service

A Ministerial Committee has recommended that the Railways Department (RD) be allowed to function as a closed service, so that, it can function more independently and address salary issues as well as internal administrative issues. The Committee comprising Secretaries of the Ministry of Public Administration, Transport, Health, Posts & Postal …

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