Consumer rights activists want bottled water monitored

By Chamodi Gunawardana

The National Movement for Consumer Rights’ Protection (NMCRP) yesterday urged the Health Ministry and the Sri Lanka Standards Institute (SLSI) to continuously monitor standards of bottled water

It demanded that SLSI should have regular checking for its approved products to inspect whether they are maintaining standards.

Rupee forwards edge down on importer demand

Reuters - Sri Lankan rupee one-week forwards ended slightly weaker on Friday as importer dollar demand surpassed late inward remittances ahead of Ramadan while nervous investors awaited the appointment of a new Central Bank governor, dealers said.

One-week dollar/rupee forwards, which have been acting as a proxy for the spot rupee, ended at 146.40/60 per dollar, weaker than Thursday’s close of 146.00/30.

Korean Residents Association donates relief items for  flood victims

The Korean Residents Association of Lanka on 17 June handed over relief items such as portable mattresses, rice, water, shoes, clothes, personal care products, etc. for the victims of the recent flood disaster in Pahala Bomiriya, Kaduwela. The items were sponsored by the Embassy of the Republic of Korea, Korean companies and residents in Sri Lanka. 

The small village which is surrounded by two streams and is home to 120 residents (37 households) has been seriously affected by 30-foot high flood waters washing away houses.  

Korean Residents Association of Lanka President Kwak Hongkyu (centre) and Consul for the Ambassador of the Republic of Korea to Colombo Lee Jaewoo (right)



Source: Association-donates- relief-items- for- flood-victims#sthash.JiiVV891.dpuf

World’s smallest computer, ASUS VivoStick PC debuts in SL

The world’s smallest PC –ASUS VivoStick PC has been introduced to the local market via its agents EPSI Technology Ltd.

ASUS announced the international release of ASUS VivoStick in April and roll out in Sri Lanka comes in just two months.

The PC in hand whenever or wherever it is needed is designed to make a big impact both in terms of performance and aesthetic.

VivoStick is a pocket-sized PC that turns any HDMI display or TV into a Windows PC or smart TV for work or play and is powered by an IntelAtomprocessor with 2GB RAM, and has 32GB of onboard storage space. It has 802.11ac Wi-Fi, Bluetooth 4.1, USB 3.0 and USB 2.0 ports, a HDMI port and an audio jack, plus an internal cooling fan to guard against overheating.



By Uditha Jayasinghe

Capital Gains tax could be rolled out as early as end July since the Government is looking to fast-track its revenue sources, a top minister said yesterday.

Public Enterprise Development Minister Kabir Hashim insisted the Government would formulate a structure for Capital Gains tax “in about a month” as it looks to speed up the process, which is part of broad tax reforms needed to boost public revenue. Tax reforms is also a crucial part of the International Monetary Fund program with Sri Lanka.

National HR conference 2016

Come check out our latest products at the National HR conference 2016 on 21st and 22nd June at BMICH.

Listed firms 1Q earnings gain 16% to Rs. 61 b

Earnings of listed companies witnessed a sharp growth of 16% in the first quarter of 2016 to Rs. 61 billion as against a 5% improvement in the fourth quarter of last year. 

Capital Alliance Research attributed the “strong growth” due to weaker economic conditions during 1Q2015. Trailing twelve month (TTM) market earnings grew 3.3% year on year (YoY) to Rs.209.2 billion supported by low interest rates and improving disposable incomes driving consumption, compared to 17.1% during the same period last year due to improved economic conditions starting 4Q 2014. 

Japanese firms keen on Sri Lanka’s investment potential

Japan External Trade Organization Chairman and CEO Hiroyuki Ishige