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Sunday, 26 October 2008

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Cargills Food City
Sanath Jayasuriya cuts the birthday cake while CEO Ranjit Page looks on
Pic: Saliya Rupasinghe

Cargills Food City, Sri Lanka’s pioneer modern retailer celebrates 25 years today. Rated as the second most valuable brand in the island as per the Brand Finance index ratings of 2008, the chain is spread across 19 districts and 128 locations. Cargills Food City uses its widespread retail network coupled with its direct link with the agricultural community and small and medium entrepreneurs to bring affordable and nutritious food to all Sri Lankans. A source of inspiration and hope to rural youth - 80% of the company’s 5,500 - strong and growing team are below the age of 25 and are from regions in Sri Lanka.

2009 Budget - NCCSL calls for reduction of input tax

The National Chamber of Commerce of Sri Lanka (NCCSL) in its budget proposals for the 2009 national budget has recommended that the retention of input tax be reduced to 5% or 0% from the present 15%.

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Nawaloka’s Rs. 1.5 b hospital complex opens on Nov. 18

Nawaloka Hospital, the first purpose built private hospital in Sri Lanka will open its state of the art hospital complex on November 18 investing Rs 1.5 bln.

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