Sunday Observer Online


Sunday, 24 July 2016


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Marriage Proposals
Government Gazette
The Directors of Renuka City Hotel -Shibani Thambiayah (Joint Managing Director), Arnila Thambiayah (Joint Managing Director) and Niruja Thambiayah (Executive Director).

Project heads to be held accountable for results

Budget 2017 to restore public finance discipline

The government aims to make a sweeping revamp of public spending with Budget 2017, restoring financial discipline and making expenditure more efficient, ensuring transparency and holding implementers including project directors accountable for delivering results so that citizens get a better service and value for money. Preparation of Budget 2017 would continue to be based on the Zero Based Budgeting technique with some features of Performance Based Budgeting where funds are earmarked to achieve a set of results identified in a ‘Results Framework’.


CB Governor warns: More market volatility from Brexit

Businesses should expect capital markets to be more volatile in the months ahead with the uncertainty created by Britain’s vote to leave the European Union, Central Bank Governor Indrajith Coomaraswamy told a panel discussion on the impact of Brexit on business, organised by the Shippers’ Academy Colombo. 


Performance award for Renuka City Hotel

Good occupancy rates and revenue generation by Renuka City Hotel resulted in the hotel winning’s Award for Best Performance in 2015.


German aid focus on tech, training

German Training Institute opens in Kilinochchi :

The newly opened Sri Lanka German Training Institute in Kilinochchi has received applications from young people around the country. “A 25% of the applicants are women,” German Ambassador Juergen Morhard said.


Call for enforcement mechanism to collect taxes

With the debate whether the upward revision of the Value Added Tax (VAT) should be enforced or done away with, industry personalities expressed the need for an effective enforcement mechanism to collect taxes from businessmen and professionals. Corporate personalities said imposing or increasing taxes must be done with thought and managed properly.

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