Mackwoods Majority Shareholders Win Court Battle Against Dr. Chris Nonis


In what seemed to the second most significant derivative action since the Companies Act no 7of 2007 came in to effect, the majority shareholders (holding more than 60% share holding) of Mackwoods Securities (Private) Ltd, the holding company of Mackwoods ...

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NGJA & Tourist Police investigates on fake Gem sales


Chairman and Chief Executive Officer of the National Gem and Jewellery Authority (NGJA), Asanka Sanjeewa Welagedara said that the buyers, especially foreign buyers, should request for a detailed certificate when deciding on making a purchase of an expensive gem or ...

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Profits earned by SriLankan Airlines to health and education sectors


Prime Minister Ranil Wickremesinghe addressing the management of the national carrier said yesterday that a portion of the profits earned by our national carrier SriLankan Airlines will be allocated for the development of the health and education sectors once it ...

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foreign currency fluctuation makes imported vehicle price hike


The prices of imported vehicle would be increased due to the major foreign currency fluctuation with no change in the present situation in tax regime, Chairman of Lanka Vehicle Importers’ Association Mahinda Sarathchandra said. Chairman of Lanka Vehicle Importers’ Association ...

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Vehicle prices expected to be increased


The government has announced that the VAT will be increased to 15 percent with effect from May 2. Chairman of Vehicle Importers Association Indika Sampath Merinchige said Vehicle prices are expected to increase substantially from May 2 due to the ...

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