Sunday Observer Online


Sunday, 10 April 2016


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Marriage Proposals
Government Gazette
Sri Lanka and China will work together to further strengthen economic ties and take relations between the two countries to a higher level, following Prime Minister Ranil Wickremesinghe’s visit to Beijing last week. China made
a 500 million Yuan outright grant to Sri Lanka and said it would expedite the Free Trade Agreement between the two countries to reduce the trade deficit. China also promised assistance for the second phase of the Hambantota port project and cooperation to set up new industries. Sri Lanka and China also signed several Memoranda of Understanding (MoUs): An extradition treaty, an MoU between the Chinese Commerce Ministry and Strategic Development and International Commerce Ministry of Sri Lanka, a technical cooperation agreement, a kidney mobile screening project, an MoU between the Chinese Development Bank and the Central Bank of Sri Lanka, the second phase of the Southern highway, and an MoU between the National Science Foundations of China and Sri Lanka.

Top experts say:

Capital Gains Tax deters FDI

Tax experts said the country is grappling with the challenge as to what is the ideal combination of taxes to promote businesses and trade endeavours and for it to be a preferred destination for Foreign Direct Investments (FDIs).


To attract private partner:

Sri Lankan to be re-vamped

The government is looking at a suitable model with public-private partnership (PPP) to revive SriLankan Airlines. “The initial restructuring process will take six months from now,” Public Enterprise Development Minister Kabir Hashim told Sunday Observer Business.


Foreign investors invited to boost development

Sri Lanka’s has invited foreign investors to join its development projects in the areas of shipping industry, transportation and roads, industrial estates, expressways, irrigation and the creation of a new Megapolis at the 19th Asia Investment Conference in Hong Kong on Friday.


Retail resurgence ahead of the New Year

In the Sri Lankan retail scene, there are mainly two seasons that drive shoppers to retail stores and of course, makeshift stalls by the roadside. They are Christmas/New Year and Sinhala and Hindu New Year.


Husein Esufally - chairman, Janashakthi

Janashakthi Insurance PLC has appointed leading business personality Husein Esufally as the Chairman of its Board, following the retirement of its incumbent Chairman and Director, W. T. Ellawala.

Seylan Sure
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